Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk want Jack Dorsey to stay as chief executive officer of Twitter. While Twitter CEO Jack Dorsey could potentially be ousted by investors, at least two major figures in the crypto industry have already voiced support for the exec. Vitalik Buterin, co-founder of major cryptocurrency project Ethereum,…
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OKCoin announces Hong Fang as its new CEO, as former CEO Tim Byun moves into a government relations role. Major United States cryptocurrency exchange OKCoin has announced that its current chairperson, Hong Fang, is taking over as CEO. Fang is a former Goldman Sachs banker, and early investor in OKCoin. She told Cointelegraph she will…
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The team behind CryptoKitties, Dapper Labs, has launched an interactive interface for developers to experiment with building smart contracts on the Flow blockchain. On March 5, CryptoKitties creator Dapper Labs announced the launch of Flow Playground — an interactive interface that lets developers experiment with developing applications on the company’s Flow blockchain. Developers are able…
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New York-based white label exchange provider AlphaPoint has successfully raised a further $5.6 million to help scale its exchange technology. New York-based white label exchange provider AlphaPoint has raised a further $5.6 million from investors to help scale its exchange technology. AlphaPoint’s tech is currently used as the backend for 150 exchanges across 35 countries,…
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Real estate marketplace Red Swan has partnered with security token firm Polymath to tokenize $2.2 billion in assets including apartments and a hemp farm. Texas-based Commercial Real Estate (CRE) marketplace Red Swan has tokenized $2.2 billion worth of real estate assets in partnership with security tokenization firm Polymath. Red Swan said it has 30,000 accredited…
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Reginald Fowler has pleaded not guilty to a fresh charge of wire fraud for his alleged operation of shadow banking company Crypto Capital. Reginald Fowler has pleaded not guilty to a new charge of wire fraud during a March 6 hearing at the United States District Court for the Southern District of New York. On…
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The National Police Agency of Japan is reporting a record high of 537 cases involving money laundering. Anti-money laundering regulations on cryptocurrency and blockchain transactions may be having a positive outcome in East Asia. According to an article released by the Japanese newspaper Nikkei on Mar. 3, the National Police Agency of Japan brought criminal…
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In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours. (Updated at 10:20 UTC: updates throughout the entire text). The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee in November Read more…
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The Ethereum community is still engaged in bitter debates on ProgPoW and ASIC resistance, which some believe exposed the ‘suboptimal’ nature of its governance. The Ethereum (ETH) community has recently been engaged in a bitter debate sparked by a proposed mining algorithm change. Dubbed ProgPoW, the proposal would invalidate all currently existing ASICs to only…
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The recent incidents with Steem show a critical vulnerability in proof-of-stake algorithms that might affect all cryptocurrencies and exchanges. The Steem blockchain reportedly experienced a troubling episode recently, whereby the blockchain’s entire governance system was disturbed. Tron founder Justin Sun, new owner of the Steemit social network based on the Steem token, appears to have…
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