NEO Founder: Blockchains are Over-Regulated

Twitter Facebook LinkedIn Da Hongfei, the founder of Antshares (presently and best known as NEO), believes that blockchains and cryptocurrencies are over-regulated in the extreme. In fact, he was recently quoted in a discussion with 8BTC as saying: In essence, blockchain can barely survive within the existing financial regulation system. A licensed institute may find […]

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NEM (XEM) Surges 10% as Foundation Signs MoU with UAE Ministry

The New Economy Movement (NEM)’s platform token XEM surged 10 percent against the dollar on Monday, rising from 0.0974-fiat to 0.1046-fiat. The XEM/USD formed a straightforward uptrend while attempting to retest the high from Sep 6 correction action. The price action corrected towards 1.000-fiat later as a part of its pullback action. The downside momentum […]

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Venezuelans Must Pay Passport Fees with Petro Cryptocurrency: Govt.

Starting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is allegedly backed by oil. This was announced in a press conference on Friday, Oct. 5, by the country’s vice president, Delcy Rodriguez, ahead of the coin’s official launch in November. This follows a similar press […]

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Abra Now Lets You Invest in a Cryptocurrency Index Fund Token

Cryptocurrency wallet and exchange Abra have unveiled their collaboration with Bitwise Asset Management, allowing Abra customers to invest in a cryptocurrency token that tracks Bitwise’s large-cap crypto index. Abra, Asset Manager Collaborate on Cryptocurrency Index Token Users of the Abra app now have the ability to buy and sell the Bitwise 10 Crypto Index Token […]

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Abra Adds Native Bitcoin Cash Support, Wins Roger Ver’s Praise

Abra, a mobile cryptocurrency investing app, has added native bitcoin cash (BCH) support, allowing users to deposit and withdraw BCH directly, Abra announced on its website. Anyone who held BCH in Abra previously can now withdraw it to a hardware wallet or use it to make a payment on a merchant site. The app also […]

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U.S. Asks Indian Authorities to Seize Property of BitConnect Promoters

News of cryptocurrency investment fraud has hit the community again, as authorities of two U.S. states, Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India. BitConnect was an open-source cryptocurrency and an investment program accused of running […]

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Crypto Market Loses $9 Billion in Hours as Tokens Drop 10% on Average

In merely three hours, the crypto market has lost more than $9 billion of its valuation, as the price of tokens and small market cap cryptocurrencies dropped substantially. Tokens Plunge 10% Off of 2% Decline of Bitcoin After demonstrating a relatively strong corrective rally, the crypto market saw a decline in the value of tokens, […]

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Venezuela Looking to Launch a Central Bank for Cryptocurrencies

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarrá, which the outlet describes as “one of the […]

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South Africa’s Whites-Only Orania Community is Testing a Digital Currency

Exclusively populated by Afrikaners, the town of Orania located in the remote parts of South Africa’s Northern Cape Province, has had its own currency known as the Ora since 2004. Pegged to the rand, the Orania Chamber of Commerce has been responsible for printing the community’s currency. Now the town of approximately 1,600 people is […]

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