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The developers behind the Monero cryptocurrency released a patch for their software. This patch was created to address a bug that could potentially facilitate hackers to gain funds from cryptocurrency exchanges illegally.
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Bitmain, the world’s leading manufacturer of cryptocurrency mining equipment is entering a new business venture. The crypto giant has struck a sponsorship deal with Houston Rockets, the US basketball team.
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A group of U.S. lawmakers has requested the country’s Internal Revenue Services (IRS) to issue comprehensive guidance for taxpayers earning gains on digital currency investments or transaction.
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U.S. Securities and Exchange Commission (SEC) has asked for further remarks in regards its choice on the listing and trading of a Bitcoin exchange-traded fund (ETF), as affirmed by an official perceive released on 20th September.
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According to the reports, New York University (NYU) is ready to become the first university in the U.S. to offer students a major in blockchain technology. The reports say that the NYU Stern School of Business will be providing the students with this new initiative. The major would also include some of the undergraduate courses in digital currencies and blockchain technology.
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The San Francisco based technology company Ripple has partnered with the American banking giant PNC (PNC Financial Services Group, Inc). The PNC bank has joined the list of the growing number of financial institutions which uses Ripple’s products.
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According to the reports, the Frankfurt School of Finance & Management (FS) in Germany is going to offer the students to prove their qualifications using blockchain technology. The report stated that the graduates of FS courses would be benefitted with the blockchain technology. The students are now able to prove their successful completion of the course with a certification stored on a blockchain.
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The Grandshores Technology Group, the blockchain investment firm based out of Hong Kong has raised HK$100 million (about US$12.7 million) to fund an upcoming cryptocurrency. This cryptocurrency’s value will be pegged to Yen, making it a stablecoin. This will protect the cryptocurrency from the volatility of the market. This news was first reported by the South China Morning Post.
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Multiple cryptocurrency giants have joined forces to form the Blockchain Association. This entity is a US lobbying entity which contains firms such as Circle, Coinbase, the Digital Currency Group, and Polychain Capital.
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Mark Risher, Google’s director of product management, account security recently warned cryptocurrency investors about Bitcoin bragging. Investors were warned not to reveal the information about their cryptocurrency holdings online.
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According to the reports, the Japanese financial company SBI Holdings is launching a payment application. The application will be supporting iOS and Android devices. Ripple’s distributed ledger technology has been used to build the application.
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The American Nightlife Association (ANA) is formed a new partnership. This collaboration has enabled the association to accept payments in digital assets, such as cryptocurrencies. Paytomat is the partner in question, a decentralized payment system which is helping the American Nightlife Association to build a platform which features over 30,000 member merchants. These merchants include event venues, nightclubs, bars and more.
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Google has removed three major crypto wallets from the Play Store. This move came as a surprise as the company did not make an official announcement before the removal of these cryptocurrency wallets. Notably, the search giant had recently removed cryptocurrency mining apps from its Play Store.
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Indian Central bank has argued that Cryptocurrencies like Bitcoin cannot be recognized as a currency in the country. Many cryptocurrency exchanges are against Reserve Bank of India (RBI). RBI stated in a written statement that currently, it is not considering cryptos as either currency or money.
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According to the reports, Australia’s New South Wales (NSW) government has announced that it will use blockchain for a new initiative. The blockchain technology will be used here for a state-wide test of its driver license digitization program which is scheduled for November.
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The Financial Services Committee has published a testimony. The testimony says that the terrorist groups like Al-Qaeda and ISIS have failed to raise money to fund their criminal operation using cryptocurrency.
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A British Columbia-based marketing firm recently found out that one of its employers was stealing cryptocurrencies worth millions of dollars. A senior executive of the firm has been accused of this theft.
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Grayscale Investments, the company that operates the Bitcoin Investment Trust has created a new fund. This fund is dedicated towards Horizen, a lesser-known platform that hosts Zen cryptocurrency.
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The European Union has been urged to adopt common rules on cryptocurrencies and figure out how new digital units are being processed and distributed to various investors and other users. This is a part of the report that was prepared for the European Union (EU) finance ministers.
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In a shocking incident, a man was held hostage by kidnappers in New York City. The man was abducted in a car driving through Uptown Manhattan, during which the kidnappers stole $1.9 million in cryptocurrencies. The man behind this plan has pleaded guilty in the Manhattan District Attorney’s office.