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Report: World’s Biggest Asset Manager BlackRock Exploring Bitcoin

Global investment management company BlackRock is reportedly mulling a move into bitcoin. According to a Financial News London report on Monday, the New York-based asset manager has now set up a working group to look into ways it can “take advantage” of cryptocurrencies and blockchain technology, as well as to monitor what rivals are doing in the space. Citing […]

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American Express Thinks Blockchains Could Help Prove Payments

American Express is on the hunt for better ways of proving when transactions occur and a new patent filing suggests the financial services giant may be looking at blockchain as part of a possible solution. In a patent application released by the U.S. Patent and Trademark Office last week, American Express Travel Related Services describes […]

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$13.5 Million Hack Ignites Fresh Debate Over Crypto Project Bancor

Innovation is never easy. That said, sometimes it can be that much harder. Such was the case for crypto project Bancor this week, which saw its design decisions and strategy picked apart on social media as it sought to contain the damage from a multimillion-dollar hack. On Monday, the project announced its app was down for maintenance, and […]

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A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

Rod Rosenstein, the deputy attorney general of the U.S., sparked a social firestorm when he revealed that the dozen Russian military intelligence officers indicted on Friday used bitcoin to fund hacking efforts during the 2016 presidential election. As CoinDesk reported earlier today, the defendants named in the indictment are accused of gaining access to computer […]

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Something Strange Is Going On at a Crypto Exchange Called WEX

Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems, raising new questions about an already mysterious trading platform. “‏Dear Wex, when withdraws will enable ??” asked Twitter user Alireza Moosavi on Friday, joining a crowd of Wex customers complaining they couldn’t withdraw funds for the second day in a […]

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Litecoin Foundation Acquires 9.9% of Bank in Payments Partnership

Litecoin Foundation, the non-profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank. The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm, according to an announcement on Tuesday. TokenPay has now passed ownership of the 9.9 percent of equity in WEG Bank […]

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Philippines Regulator Aims to Make $67 Million From Crypto Exchange Licensing

The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based […]

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LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Year in Prison

A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison after she admitted to operating an unlawful money transmission business. Theresa Tetley, a former stockbroker and real estate investor based in California, was also fined $20,000 and will give up 40 bitcoins (an amount worth roughly $254,000), nearly $300,000 in cash […]

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Torrent Site Pirate Bay Warns Users About Monero Mining Software

Torrent website The Pirate Bay is doubling down on its plan to use visitors’ processing power to mine crypto. In a disclaimer recently added to the bottom of its homepage, the website said that “by entering TPB you agree to [monero] being mined using your CPU. If you don’t agree please leave now or install an […]

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More Than Half of ICOs Fail Within 4 Months, Study Suggests

While over 4,000 ICO projects have managed to raise a combined total of around $12 billion to date – and most since January 2017 – a majority of them fail within four months of their token sales, a new study suggests. The research, conducted by a small team at Boston College in Massachusetts, found that a mere 44.2 percent […]