BitMEX Denies Report of US, Québecois Account Closures and Correlated Volume Decline
Jan16

BitMEX Denies Report of US, Québecois Account Closures and Correlated Volume Decline

BitMEX says there are major inaccuracies in a recent report that alleged the exchange was closing U.S. and Québec residents’ accounts. Major crypto derivatives trading platform BitMEX says there are major inaccuracies in a recent media report that alleged the exchange was closing United States and Québec residents’ accounts due to a regulatory crackdown. Cointelegraph Japan reported the news on Jan. 16, following comments from a...

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India: Crypto-users have found a hack to keep their bank accounts from getting shut
Jan16

India: Crypto-users have found a hack to keep their bank accounts from getting shut

The Indian banks are shutting accounts found to be involved in crypto trading and there has been an increase in such cases. However, the crypto users in the country have found a way to avoid the shut down of their account and still trade in crypto, reported Bitcoin News. As per the banks, they are simply complying with the Reserve Bank of India, the central bank of the country’s guidelines. Under these guidelines, the banks are...

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Canada Digital ID System Could Use Blockchain to Secure Data, Says Banking Executive
Jan16

Canada Digital ID System Could Use Blockchain to Secure Data, Says Banking Executive

The head of the Canadian Bankers Association has suggested blockchain has a specific use case in open banking structures. A Canadian banking group supports the idea of using blockchain technology as part of a digital ID system for residents, national news agency The Canadian Press reported via various local media outlets on Jan. 15. Speaking during a presentation at the Economic Club of Canada in Toronto, chief executive of the...

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More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading
Jan16

More Oil Giants to Join Blockchain-Based Platform Vakt for Energy Commodity Trading

More global oil and gas giants have joined the blockchain-based platform for trading energy commodities. Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the development on Jan. 16. Along with Chevron, Total, a leading French multinational integrated oil and gas company,...

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Review: HTC’s Exodus 1 Is an Impressive Phone With a Basic Crypto Wallet
Jan16

Review: HTC’s Exodus 1 Is an Impressive Phone With a Basic Crypto Wallet

After weeks of delays and hundreds of frustrated customer messages in its Telegram channel, HTC finally shipped its “blockchain phone” on Jan. 14. The HTC Exodus 1 promises an array of features for cryptocurrency users, but the manufacturer couldn’t keep its promise to ship the devices in December. With the phones finally rolled out, news.Bitcoin.com unboxed one of the semi-transparent devices and put it through its paces. Also...

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Tron Fundamentals Continue to Strengthen With New Exchange Partnerships
Jan16

Tron Fundamentals Continue to Strengthen With New Exchange Partnerships

There are very few crypto assets that have strong enough fundamentals at the moment to keep the bears away but Tron is one of them. Almost daily announcements from the team are keeping TRX buoyed while those around it continue to sink. Two More Tron Exchange Partners Added Several new developments and partnerships have kept Tron in the top ten while the likes of Bitcoin SV and Cardano have been floundering. This week a number of new...

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Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch
Jan16

Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch

Bitfury Surround joins the various blockchain solutions attempting to introduce more transparency to commercial music structures. Blockchain and Bitcoin mining manufacturer Bitfury announced the launch of a dedicated venture to open source the music industry in a blog post on Jan. 16. The spin-off, dubbed Bitfury Surround, aims to tackle the complex and often unfairly proportioned flows of revenue between artists, fans and middlemen...

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Bitcoin Cash [BCH] Technical Analysis: Token falls yet again as market looks bleak
Jan16

Bitcoin Cash [BCH] Technical Analysis: Token falls yet again as market looks bleak

The brief rise in the cryptocurrency market earlier this week sparked hopes of a market upheaval, but those hopes soon faded away. Major coins are now turning red, with the collective market cap looking to once again drop below $120 billion. Bitcoin Cash [BCH], now regaining its long-held fourth spot on the coin ladder has once again fallen, with the likes of Ethereum [ETH] and Tron [TRX] following suit, as the market correction...

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Crypto Exchange Binance Enters European Markets, Launches Binance Jersey
Jan16

Crypto Exchange Binance Enters European Markets, Launches Binance Jersey

Binance has expanded to the European markets with the launch of new platform for fiat-to-crypto trading of euros and pounds. Major cryptocurrency exchange Binance is expanding to European markets with the launch of a new platform for fiat-to-cryptocurrency trading, according to a press release shared with Cointelegraph on Jan. 16. According to the release, Binance is launching a new trading platform, dubbed Binance Jersey, designed...

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Record US Government Shutdown Prolongs Crypto Winter
Jan16

Record US Government Shutdown Prolongs Crypto Winter

If things were not bad enough in crypto land the US government is adding to its woes. The longest shutdown in history is taking its toll on the economy, innovation and the crypto industry. The Waiting Game Continues Regulators are no friends of those in the blockchain and crypto industries but they have come to accept that some form of regulation is necessary for the nascent ecosystem to flourish. As observed by the MIT Technology...

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South Korean District to Implement Blockchain for Administrative Transparency
Jan16

South Korean District to Implement Blockchain for Administrative Transparency

An administrative district in southwest Seoul plans to use a blockchain-based system for evaluating proposals. A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16 According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in southwest Seoul — aims to strengthen its administrative...

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New Zealand Police Confirm Investigation Into Alleged $3.6 Million Hack of Cryptopia
Jan16

New Zealand Police Confirm Investigation Into Alleged $3.6 Million Hack of Cryptopia

After suspicious transactions worth around $3.6 million, Cryptopia has shut down, with local police confirming they are investigating. Police in New Zealand confirmed they are investigating what appears to be a major hack of local cryptocurrency exchange Cryptopia worth at least $3.6 million, a press release stated on Jan. 16. Cryptopia, which abruptly shut down its website and exchange services on Jan. 14, subsequently said it had...

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Petro’s value raised as Venezuelan government plans to combat “criminal dollar”
Jan16

Petro’s value raised as Venezuelan government plans to combat “criminal dollar”

The world of cryptocurrencies has seen many ups and downs recently with several proponents in the space pushing hard for the mainstream adoption of digital assets. One unlikely candidate has been Petro, the state-backed cryptocurrency created by the Nicolas Maduro-led Venezuelan government. The cryptocurrency has drawn a lot of flak from its citizens as well as bodies from around the globe, the main issue pertaining to the lack of oil...

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Crypto Market Wrap: Ethereum Hit by Hard Fork Hiccup
Jan16

Crypto Market Wrap: Ethereum Hit by Hard Fork Hiccup

Market Wrap Crypto markets fall back again marginally, Ethereum in pain on hard fork delays, Tron and Maker following. Yesterday’s minor recovery fizzled out as quickly as it began and crypto markets are retreating again. Total market capitalization is just above $120 billion and further drops are looking likely. Bitcoin has found a new short term resistance level at $3,700 and failed to break it. Consequently the bears are back in...

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IBM, Ford Blockchain Pilot Targets Cobalt Supplies From Democratic Republic of Congo
Jan16

IBM, Ford Blockchain Pilot Targets Cobalt Supplies From Democratic Republic of Congo

The two companies and several others are using blockchain to improve the traceability of cobalt and ensure ethical sourcing. Global technology giant IBM will use its blockchain platform to monitor and trace supplies of cobalt from the Democratic Republic of Congo, the company confirmed in a press release on Jan. 15. IBM, which has already used the in-house IBM Blockchain platform built on the Hyperledger Fabric in multiple use case...

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