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Indian Bitcoin Ponzi Schemer Offers to Repay Initial Investments to Victims

The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been called in to help with […]

The post Indian Bitcoin Ponzi Schemer Offers to Repay Initial Investments to Victims appeared first on Bitcoin News.

Source: https://news.bitcoin.com/indian-bitcoin-ponzi-schemer-repay-initial-investments/

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Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened

Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies. This strategy has proved fruitless, however, as developed western countries, and international organizations, have not been able to come up with a unified approach towards regulating the crypto […]

The post Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened appeared first on Bitcoin News.

Source: https://news.bitcoin.com/eastern-europe-regulation-postponed-tax-abandoned-banks-enlightened/

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How Coinmarketcap Incentivizes Exchanges to Report Fake Volume

Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of […]

The post How Coinmarketcap Incentivizes Exchanges to Report Fake Volume appeared first on Bitcoin News.

Source: https://news.bitcoin.com/how-coinmarketcap-incentivizes-exchanges-to-report-fake-volume/

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China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018. […]

The post China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes appeared first on Bitcoin News.

Source: https://news.bitcoin.com/china-round-up-bitmain-canaan-ebang-unicorn-valuations-number-chinese-dlt-companies-explodes/

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Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”

Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds. Also Read: IBM Backs the Development of Latest New Stablecoin, Stronghold […]

The post Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves” appeared first on Bitcoin News.

Source: https://news.bitcoin.com/mastercard-patents-a-method-to-manage-cryptocurrency-fractional-reserves/

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Powerful Cryptocurrency Firms on the Road Towards Becoming Banks

When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves. […]

The post Powerful Cryptocurrency Firms on the Road Towards Becoming Banks appeared first on Bitcoin News.

Source: https://news.bitcoin.com/powerful-cryptocurrency-firms-on-the-road-towards-becoming-banks/

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Markets Update: Cryptocurrency Valuations Gain Billions in One Day

Two days ago, cryptocurrency bulls were attempting to break strong resistance and managed to push digital asset values to much higher price regions. The price of bitcoin core (BTC) was averaging $6,740 per BTC during the early morning trading sessions on July 17, then the digital currency spiked to $7,300 a few hours later. Then […]

The post Markets Update: Cryptocurrency Valuations Gain Billions in One Day appeared first on Bitcoin News.

Source: https://news.bitcoin.com/markets-update-cryptocurrency-valuations-gain-billions-in-one-day/

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Robin Hood Movie and Robinhood App Hold $50k Crypto Scavenger Hunt at Comic-Con

Lionsgate studio and Robinhood app have teamed up to give away $50,000 in a crypto scavenger hunt at the San Diego Comic-Con this week. This is to promote the studio’s upcoming Robin Hood movie. Attendees will search for coins, redeemable for $50, $500, $1,000, and $5,000, which can then be invested in cryptocurrencies during the […]

The post Robin Hood Movie and Robinhood App Hold $50k Crypto Scavenger Hunt at Comic-Con appeared first on Bitcoin News.

Source: https://news.bitcoin.com/robin-hood-movie-robinhood-app-crypto-scavenger-hunt-comic-con/

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The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules

The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a two-way bitcoin […]

The post The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules appeared first on Bitcoin News.

Source: https://news.bitcoin.com/the-daily-report-sees-uk-as-crypto-leader-jersey-adopts-ico-rules/

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IBM Backs the Development of Latest New Stablecoin, Stronghold USD

It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust. Also Read: […]

The post IBM Backs the Development of Latest New Stablecoin, Stronghold USD appeared first on Bitcoin News.

Source: https://news.bitcoin.com/ibm-backs-the-development-of-latest-new-stablecoin-stronghold-usd/

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Source: https://news.bitcoin.com/