Coinbase secures partial victory over SEC in motion to compel discovery
Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order.
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Japan: Zaif Exchange Handover Complete as Previous Owner Vows to Dissolve Company
Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange (FCCE), Cointelegraph Japan reported Nov. 22.FCCE, which agreed to take over proceedings in October, will now assume responsibility for compensating users who lost money in the hack, which occurred Sept. 20 and involved funds…
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South Korea Science, Food Ministries to Use Blockchain for Tracing Beef Supply Chain
The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain, Yonhap News Agency, the largest news agency in South Korea, reported yesterday, Nov. 20.Blockchain technology has been implemented into the pilot program that is to be launched jointly by the Ministry of Science and…
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$1.89 billion liquidated: Why did Bitcoin and ETH price correct sharply overnight?
In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance.BTC/USDT 15-minute price chart (Binance). Source: TradingView.comMost of the liquidations came from Bitcoin and Ether, which accounted for $555 million and $336 million, respectively. But altcoins like…
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China’s Blockchain Love Affair Continues With New Financial Pilot
A pilot program is underway in Hainan’s province that aims to strengthen cross-border payments via blockchain technology. Another Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a cross-border financial services platform. News of the platform’s pilot was announced on May 8.According to the local newspaper, Hainan Daily, the central government approved the…
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Inside the Iranian Bitcoin mining industry
ViraMiner is an Iranian company that sets up Bitcoin mining farms and maintains them. It has two offices in western Tehran, located in separate adjacent buildings.When Magazine visits, its old office is busy on a Monday afternoon. This place is now officially dedicated to its repairing services alone.Mining devices are stored upon each other in…
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German State Announces Plan to Establish European Blockchain Institute
The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13.According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material…
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IRS Brazil Requires Reporting All Bitcoin Transactions Starting Today
Beginning today, Aug. 1, Brazil citizens are obligated to report on their crypto transactions with the country’s Internal Revenue Service (IRS).Entities in Brazil must report on all kinds of crypto transactionsAs Cointelegraph Brazil reports today, transactions involving cryptocurrencies such as Bitcoin (BTC) must be reported to the IRS in accordance with rules established by Normative…
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Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests
Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop.Google Trends data shows that searches for the halving have already…