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DOJ Brings Extortion Fees Towards Early Advisor to Ethereum, tZero

U.S. law enforcement has charged an early supporter of the ethereum project and former paid advisor to Overstock’s tZero with extortion. Steven Nerayoff, an attorney and founder of blockchain consulting firm Alchemist, was arrested Wednesday morning by the Federal Bureau of Investigation (FBI) and was scheduled to face charges before …

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New Bitcoin Mutual Fund Eases Crypto Investing for Keen-But-Cautious Asian Buyers

Hong Kong-based venture capital group CMCC Global launched its Liberty Bitcoin Fund to provide crypto currency access to accredited investors in Asia who are very interested but have been slow to buy the coins directly. The Liberty Bitcoin Fund is a single-asset passive tracker of Bitcoin and offers services including buying and …

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Binance Is Pitching Its Stablecoin as a Authorities-Pleasant Libra Competitor

Crypto exchange Binance is now explicitly positioning its Venus stablecoin project as a government-friendly alternative to Facebook’s Libra, just a month after downplaying any suggestions of rivalry between the two. Last month, when Binance launched the initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the …

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Decentralized Employment Ecosystem Opolis to Combine MakerDAO’s Dai Cryptocurrency

Opolis received a development grant from MakerDAO to integrate its Dai cryptocurrency into its decentralized employer ecosystem for payroll and benefits, the company said. A blockchain-based answer to the gig-economy’s rise, Opolis is a professional employment organization (PEO) that, in part, plans to facilitate seamless cross-border payments with Dai. “Opolis …

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Germany Passes Nationwide Coverage to Discover Blockchain However Restrict Stablecoins

Germany’s government has passed a new strategy outlining the ways the leading EU state is planning to use blockchains. Approved by Chancellor Angela Merkel’s cabinet on Wednesday, the strategy sets the government’s priorities in the blockchain space, such as the digital identity, securities and corporate finance. It also sets out …

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Overstock to Restructure Ex-CEO’s Crypto Dividend to Finish 6-Month Lockup

Online retail giant Overstock is to drop trading restrictions for its planned digital asset-based dividend instigated by the e-commerce giant’s former CEO, Patrick Byrne. Before leaving the firm over a scandal involving his affair with a Russian spy, Byrne in July had arranged for Overstock’s next investor dividend to be …

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Folks With Least Data Most Constructive on Crypto’s Future: ING Survey

People with less knowledge of cryptocurrency are the most likely to be positive on its future, according to new research from Dutch bank ING. In a survey published Wednesday – which polled around 1,000 people in each of 15 mostly European countries – ING found that, overall, the level of …

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Craig Wright ‘in Discussions’ to Settle Multi-Billion Greenback Court docket Case

Craig Wright, the Australian entrepreneur who controversially claims he is Satoshi Nakamoto, is moving to settle a case that looks set to cost him billions in bitcoin. The case has been ongoing since 2018, when Ira Kleiman – the brother of Wright’s late business partner Dave Kleiman – sued for …

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Coinbase-Backed ConsenSys Alum Goals to Construct GitHub for Web3

Although most developers use GitHub to organize and share open-source code, funds like Coinbase Ventures, Distributed Global and Digital Currency Group are betting on a crypto-native alternative. Former ConsenSys token guru Harrison Hines is now CEO of his own startup, Terminal, which closed a $3.7 million seed round in late …

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Wells Fargo to Pilot Greenback-Linked Crypto for Inner Settlement

U.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked cryptocurrency that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the stablecoin will be used in a pilot initially for internal settlement across the company’s business. The firm said in a press release on Tuesday …

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Cryptocurrency Sprint to Start Buying and selling on Coinbase Professional

Cryptocurrency exchange Coinbase announced its listing of cryptocurrency dash following an exploration period with the exchange that ended last week. Deposits will be accepted today followed by trades opening Tuesday at 16:00 UTC. Coinbase announced its review of eight cryptocurrencies earlier last month. Of those under study, dash is the …

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Harbor Tokenizes Actual Property Funds Price $100 Million on Ethereum

Harbor has pivoted from helping companies issue security tokens to helping them tokenize existing securities. Announced Monday, the startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million. The move is intended to make these private securities easier to trade for …

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Fb’s David Marcus Responds to Critics Over Libra ‘Menace’

The head of Facebook’s Calibra – the entity created by Facebook to provide financial services including a digital wallet for the planned Libra cryptocurrency – has spoken out in response to claims from authorities that the project poses a threat to nations’ “monetary sovereignty.” In a Twitter thread on Monday, …

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Deutsche Financial institution Joins JPMorgan’s Crypto Funds Community

JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member. The addition brings the total number of banks signed up for the Interbank Information Network (IIN) to 320, according to a report from the Financial Times on Sunday. Announced in October 2017, IIN is built on Quorum, the ethereum-based blockchain …

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World Central Banks to Query Fb-Led Libra Over Monetary Dangers

The Facebook-led Libra project is to face questions from 26 central banks over the perceived risks to financial stability posed by the cryptocurrency project. On Monday, the Committee on Payments and Market Infrastructure – a forum for central banks under the Bank for International Settlements – will quiz the Libra …

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HTC’s Blockchain Telephone Now Helps Bitcoin Money

Native support for bitcoin cash is coming to HTC’s blockchain phone. Today, HTC announced its partnership with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone. The new function will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also …

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US Sanctions Three Alleged Crypto Hacking Teams from North Korea

The U.S. has sanctioned three North Korean entities for cyber crimes, mentioning cryptocurrency thefts as one of the reasons for the action. In a Sept. 13 announcement, the U.S. Department of the Treasury identified the Lazarus Group, Bluenoroff and Andariel as entities now on its the sanctions list, who are …

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Largest Bitcoin ATM Community Coinme Raises New Funding from Ripple’s Xpring 

Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. The company are licensed to operate …

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Tagomi Rollout Paves Manner for Institutional Crypto Shorting

Crypto brokerage Tagomi released its borrowing and lending platform to the wider public, enabling investors to short cryptocurrencies like bitcoin and ethereum. Tagomi’s COO Kevin Johnson told CoinDesk that its new platform addresses issues that stymie institutional crypto shorts. Many large-scale investors could not short cryptocurrencies as rapidly as they …

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Fb’s Libra Pushes Again at Claims Venture Is Risk to Monetary Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s general director, played down concerns over potential disruption to the monetary policies of central banks with currencies included in …

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