A court in South Korea has found a senior employee at crypto exchange Bithumb guilty of breaches of internet security law. The judge stated that the employee’s actions led to a 2017 hack that saw a raider make off with the personal information of 31,000 customers – and also found the exchange’s operator, Bithumb Korea,…
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XRP, the token associated with the U.S.-based fintech firm Ripple, today soared to its highest level in U.S. dollar terms since July 2019 after the company announced yet another partnership, this time with the National Bank of Egypt, known as the largest state-owned bank in the country. As of pixel time on Thursday (10:58 UTC),…
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The general partnership is an almost forgotten business form. Could it be a suitable model for doing international commerce and startups? Adopted in England in 1890, general partnerships have become a near-forgotten practice in favor of other forms of doing business, but with the appearance of e-commerce, cryptocurrencies, tokenomics and global crowdsourcing, they may experience…
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Recently, bitcoin price made another attempt to climb above the USD 10,500 resistance area. However, BTC/USD failed to continue convincingly above USD 10,450 and recently started a downside correction. On the downside, there are many key supports near USD 10,050 and USD 10,000. Besides, there was a significant upward move in most major altcoins in…
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U.S. taxpayers have been freed from tax obligations on gaming transactions carried out with virtual cash, according to recent language modifications to the Internal Revenue Service (IRS) webpage. However, confusion still remains in the IRS tax regulations for real cryptocurrencies. The website change removed Robux and V-bucks—gaming currencies for Fortnite and Read more »Pay, Trade,…
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Bitcoin investors face fresh volatility concerns as a move higher to $10,500 was firmly shut down after days of gains. Bitcoin (BTC) fell by almost 2% in an hour on Feb. 13 as markets faced rejection after reaching higher levels around $10,500. Crypto market weekly price chart. Source: Coin360 BTC suddenly dives to $10,150 Data…
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Soccer giant FC Barcelona partners with Chiliz blockchain outfit, creating Ethereum-based BAR fan tokens. Spanish soccer powerhouse FC Barcelona, or Barca, has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise. As part of the partnership with FC Barcelona, Chiliz created Barca Fan Tokens (BAR) for use on its…
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The custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security qualifications. The crypto custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security evaluations. According to a press release published on Feb. 12, Coinbase Custody was granted a Service Organization Control (SOC) 1 Type…
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Here are five altcoins that rallied as Bitcoin’s dominance rate dropped from 68% to 62% and the party looks set to continue. On Feb. 12, the crypto market achieved a new milestone by climbing above the $300 billion market capitalization mark for the first time in 6-months. This shows interest in the sector continues to…
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With the U.S. voter turnout declining, experts believe that blockchain-based mobile voting platforms can restore trust. According to a report released on Feb. 5, a mobile software application that was devised to help calculate the total number of votes in the Iowa Democratic caucus reportedly malfunctioned, resulting in the Democratic Party having to delay its…
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