Author Archive

OTC Trading Platform Paxful Is At the Forefront of a Crypto Boom in Africa

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Current financial, social, and economic conditions in Africa have contributed to the surging popularity of cryptocurrencies on the continent. For the over-the-counter (OTC) crypto trading platform Paxful, African customers account for almost $7.5 million in transactions per month. Interestingly, half of these crypto enthusiasts are under 30-years-old and either have a college degree or are

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South Korea’s Central Bank Opposes Issuing a Central Bank Digital Currency

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South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Korea’s financial sector as a

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Authorities Track Bitcoin Transactions of Dark Web Drug Dealer, Arrested

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A 36-year-old French national plead guilty this week in U.S. courts for selling narcotics for Bitcoin on the dark web. Guy Vallerius, who operated under the monkier ‘OxyMonster,’ was arrested by authorities at the Atalanta airport last September as he was making his way to Austin, Texas to take part in the World Beard and

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‘My Big Coin’ in Court This Week as CFTC Tries to Combat Crypto Fraud

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The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In line with increased attempts this year by

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Hotmail Founder Criticizes the Valuation and Business Models of Cryptocurrencies

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Taking a page from the CEO of JPMorgan, Jamie Dimon’s, book, Sabeer Bhatia, the founder of internet giant Hotmail.com, has explained why he isn’t fond of cryptocurrencies, even going so far as to call them a ‘fraud.’ Bhatia on Cryptocurrencies Despite the fact that cryptocurrencies and associated blockchain technology are having an increasingly large impact on

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Tron’s Justin Sun Acquires P2P File-Sharing Network BitTorrent

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Blockchain entrepreneur and creator of the Tron platform has purchased the peer-to-peer (P2P) file-sharing network BitTorrent Inc. Sun’s Acquisition of BitTorrent According to Variety, the deal was finalized last week when staff were notified of the new partnership, though company representatives nor Sun responded to requests for comment. Sun’s acquisition has been in the works

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Financial Crime Watchdog FAFT to Consider Cryptocurrency Regulations This Month

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The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar with the matter. FAFT to Develop Binding

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Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange

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The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed. Argo Blockchain’s Listing Argo Blockchain said in a statement on Monday that it hopes to raise £20 million ($26.8 million) through an initial product

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Bitcoin Rebound Not Likely in the Short-Term, Analysts Eye $7,777 to Signal Uptrend

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According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term. Bitcoin Uptrend Coming Robert Sluymer, technical strategist at Fundstrat Global Advisors believes that $7,777 is the key level Bitcoin will have to reach to signal an

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Japanese Giant Fujitsu Unveils Blockchain System for Retail Rewards

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Japanese information and communication technology giant Fujitsu has revealed plans to use the blockchain to create a rewards system — think coupons and loyalty points — for the domestic retail market. Fujitsu Intelligent Society Solution Blockchain Asset Service The distributed ledger-based system — which will be exhibited at Interop Tokyo from June 13 to 15

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