After the price fall of Bitcoin and other cryptocurrencies recently, and after the comment from Jamie Dimon, the CEO of JP Morgan Chase that bitcoin may be a "fraud" and that he will "fire anyone at the company who trades it", the CEO of Goldman Sachs may be feeling different about what bitcoin is and…
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Business Insider reported that Oracle introduced its Blockchain Cloud Service on October 2nd, as the company is making steps to outcompete giants like Microsoft and IBM. Obviously, the new cloud service will be used for sharing data in a more secure way. While the service will be made available to users later this year, Oracle was…
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Unlike other countries that may believe the technology behind Bitcoin, Blockchain, is a "fraud" and may trigger financial crisis in the future, Ukraine is turning to blockchain to manage its farmland registry. Bloomberg reported that Ukraine believes that the system they are using now for managing the land ownership may be subject to fraud and…
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Crypto Valley Association (CVA), the Swiss-based not-for-profit association supporting the development of blockchain and cryptographic related technologies and businesses, today distributed a paper on behalf of MME and Blockhaus, proposing a new method for token classification. Both MME, the leading Swiss consultancy firm for law, tax and compliance in Blockchain applications and Blockhaus, a developer of decentralized investment banking platform…
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In 2015, Cointelegraph reproted that Sweden is to become the first ever cashless country in the world. A study conducted by KTH Royal Institute of Techonlogy, around six banks were refusing to operate with cash. Naturally, Bitcoin was rumored to have great future in the country's plans for becoming fully "cashless" society and first Scandinavian country…
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After China announced its ban on domestic exchanges trading Bitcoin, South Korea is the next country that also came out with the news that it is going to ban Initial Coin Offering (ICOs). With the popularity of ICOs going through the roof, with some estimating that the total market value of the ICO market is…
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Dubai is yet another "big player" to join the cryptocurrency craze with its launch of its first ever state cryptocurrency - the emCash. According to Arabian Business Magazine, people will be able to pay for various government and non-government services in Dubai with emCash. The name of emCash comes from the the subsidiary of Dubai…
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Advisory Board includes Toronto Stock Exchange Vice President, Ethereum Co-Founder and Former Yahoo Vice President Enterprise blockchain company Nuco today announced the advisory board for Aion, the first interoperable blockchain network and the framework allowing communication between blockchains. Aion’s 11 advisors bring experience ranging from blockchain, finance, and technology to help guide the company’s mission…
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The U.S. Securities and Exchange Commission today charged a businessman and his two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds. The SEC alleges that Maksim Zaslavskiy and his companies have been selling unregistered securities, and the digital tokens or coins…
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Two new Bitcoin ETFs have been submitted for approval to SEC by Proshares Capital Management, according to the S-1 documents. The two new ETFs, ProShares Bitcoin ETF and ProShares Short Bitcoin ETF, will be involved in derivatives rather than actual bitcoin purchases. According to the documents submitted by the fund, the ETFs will be traded at…
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