The Ugandan government is reported to be making moves in banning pyramid schemes, which may put additional restriction for cryptocurrency usage and reporting. Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are…
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Tron founder and CEO Justin Sun has finally had a charity lunch with Berkshire Hathaway chairman and billionaire Warren Buffett after a series of delays last year. Tron founder and CEO Justin Sun has finally had his charity lunch with Berkshire Hathaway chairman and famous billionaire Warren Buffett after a series of delays last year.…
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Mike Novogratz. Source: a video screenshot, Youtube, ConsenSysMedia Many cryptos, including XRP and Ethereum (ETH) are still in the ‘proving’ phase, says prominent Bitcoin (BTC) bull, Mike Novogratz, adding that these coins aren’t going to “succeed as solely a store of value as BTC has taken that lane.” While BTC is a hard asset, having…
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Former pro baseball players and senior citizens are among the victims of a crypto ponzi scheme that defrauded people of at least $7.5 million. Two men have been charged over an alleged crypto trading Ponzi scheme lured investors, including professional baseball players, with social media posts boasting about their luxurious lifestyles. On January 30, the…
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Tezos (XTZ) has rallied more than 80% in 2020 and the altcoin continues to stun investors as the price marches higher in its USD and BTC pair. Since the start of the year Bitcoin (BTC) has gained approximately 41% and on Feb. 5 the crypto asset thrilled investors as the price broke through the $9,500…
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The MAS’ Payment Services Act has gone into effect, setting up a framework for cryptocurrency regulation in the country. As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services…
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The Bitcoin blockchain has passed a milestone 500 million transactions confirmed. The Bitcoin network has surpassed 500 million transactions since going live over 11 years ago. According to blockchain analytics site Statoshi, there have been half a billion transactions on the Bitcoin blockchain as of press time. Source: Statoshi Crypto firm Casa CTO Jameson Lopp,…
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A Chinese tech company is building a blockchain charity platform for fighting against the coronavirus outbreak. Hyperchain’s Feb. 4 press release announced the launch of its blockchain-based platform to fight against the coronavirus epidemic. It will serve as a medical supply donations portal to support hospitals in central China. The recent outbreak of coronavirus has…
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As part of its consumer app development, ICE’s Bakkt plans to acquire major software platform Bridge2 Solutions. The Intercontinental Exchange, or ICE, owner of the New York Stock Exchange, announced plans to acquire software service Bridge2 in preparation for an app launch from ICE’s subsidiary, Bakkt. Bakkt’s app will host a bevy of assets, such…
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Morgan Creek Digital’s Anthony Pompliano sees Bitcoin cementing its position as a global hedge as time passes. Anthony Pompliano, Co-Founder of digital asset management company Morgan Creek Digital, said his view of Bitcoin (BTC) as a global hedge has solidified over time. “I think it’s always been part of the conversation,” Pompliano told Cointelegraph in…
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