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Monthly Archives: May 2019

China Authorities Probe Alleged Illegal Bitcoin Mining Sites At Hydro Plants
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China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants

news Government authorities in China’s Sichuan province are reportedly probing into local bitcoin mining farms that have allegedly been constructed without official approval. A state-owned newspaper in Sichuan published a front-page article on Thursday saying the land-resource bureau in Sichuan’s Garze county has found bitcoin mining farms with no prior approval built at the sites of…
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New Game From ‘CryptoKitties’ Creator Nets Nearly $200K In First-Week Spending
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New Game From ‘CryptoKitties’ Creator Nets Nearly $200K in First-Week Spending

feature Thousands of cheese-shaped cartoon wizards will soon duel online for a grand prize of ether tokens. Dapper Labs, the company behind the 2017 CryptoKitties craze, unveiled its newest ethereum-based gaming experience – “Cheeze Wizards” – last Friday. The game has already attracted 973 players who purchased 4,470 fighters, according to Dapper Labs co-founder Bryce…
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Chinese Authorities To Investigate Illegal Mining Farms At ‘Global Mining Capital’ Sichuan
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Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan

The state authorities of China’s Sichuan province will investigate local bitcoin (BTC) mining farms that have been allegedly been built illegally, local media agency Sina reports on May 30.Located at the bitcoin “global mining capital” of Sichuan, the bitcoin mining farms with over 30,000 bitcoin mining machines have been reportedly constructed without an official approval…
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Fake News Circulating In China Suggested To Be Responsible For Bitcoin SV Price Surge
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Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge

Co-founder of cryptocurrency investment holding firm Primitive Ventures Dovey Wan suggested that fake news circulating in China may be responsible for yesterday’s bitcoin sv (BSV) price surge. Wan posted about the fake news in a tweet on May 29.According to Wan, a screenshot circulating on Chinese social media showed a fake article about self-proclaimed bitcoin…
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Russia’s Largest Bank Halts Crypto Plans Due To Central Bank’s Negative Stance
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Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance

Russia's largest bank, the state-owned Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on the industry, local news agency TASS reports on May 30.Sberbank vice president Andrey Shemetov has reportedly revealed the news at a recent press conference, claiming that Sberbank had been awaiting crypto legislation that would allow it…
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Chinese Citizen Wei Liu Also Claims US Copyright For Bitcoin White Paper
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Chinese Citizen Wei Liu Also Claims US Copyright for Bitcoin White Paper

Official United States copyright archive data shows that Wei Liu, a Chinese citizen residing in California, claimed copyright to bitcoin’s (BTC) white paper on May 24.In the filing, Liu claims to have published the bitcoin white paper on Jan. 11, 2008, under the pseudonym of Satoshi Nakamoto, with the title “Bitcoin: A Peer-to-Peer Electronic Cash…
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Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines
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Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines

The Australian Securities and Investment Commission (ASIC) published new initial coin offering (ICO) and cryptocurrency guidelines on its official website on May 30.The regulator detailed the prerequisites that a cryptocurrency business needs to follow in order to comply with both the Australian Corporations and ASIC Acts, but did not cover regulations enforced by other national…
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Hong Kong’s Securities Regulator Calls For Crypto Regulation To Confront Fraud
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Hong Kong’s Securities Regulator Calls for Crypto Regulation to Confront Fraud

The Securities and Futures Commission (SFC) of Hong Kong has expressed concern over the lack of regulation for dealing with fraud in the crypto space, local news agency The Standard reports May 30.SFC enforcement chief Thomas Atkinson has recently pointed out problems associated with the existing regulatory uncertainty over initial coin offerings (ICOs) and cryptocurrency…
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Deloitte Tests Data Management On Ethereum Blockchain With Three Irish Banks
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Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Three Irish banks have begun using a staff data solution running on blockchain technology, a joint press release confirmed on May 30.Together with the Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank partnered with Big Four accounting giant Deloitte on the project, which verifies staff credentials.Deloitte developed the Ethereum-based tool using its…
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