Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks

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Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Solution Following recent reports of multiple security breaches at cryptocurrency exchanges,…

Freedom of Press Foundation Receives 1000 ETH First Day of Accepting Donations

Freedom of Press Foundation Receives 1000 ETH First Day of Accepting Donations

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Since inception, blockchain technology enables users worldwide the ability to access previously restricted services and information. On June 18, 2018, Freedom of the Press Foundation received $540k worth of Ethereum after extending donation options into cryptocurrency. Crypto and Liberty Collide Organized in 2012, Freedom of the Press Foundation (FPF) is a non-profit organization dedicated to…

Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

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Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June.…

Swiss Crypto Company Acquires License to Distribute Funds to Investors

Swiss Crypto Company Acquires License to Distribute Funds to Investors

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Crypto Fund AG has been granted a license to distribute funds on behalf of “qualified investors” in Switzerland. The permission has been issued by the country’s financial market regulator, FINMA. The firm also seeks approval for another crypto-related service. Also read: Zug Tests Blockchain to Decide on Fireworks and Digital IDs First Point of Contact…

Ripple Executive Elected to Lead Federal Reserve Task Force

Ripple Executive Elected to Lead Federal Reserve Task Force

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Business Development Head of Research for Ripple Labs, Ryan Zagone, has been elected to the Federal Reserve’s Faster Payments Task Force Steering Committee. The Steering Committee’s 16 members are designated to lead the 321 stakeholders that comprise the Task Force. In an effort to make American payments faster by 2020, the Faster Payments Task Force was…

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

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Nvidia is supporting a blockchain startup as part of its Inception Program, which seeks to support artificial intelligence development.

Etoro Is Launching an OTC Crypto Trading Desk for Institutions

Etoro Is Launching an OTC Crypto Trading Desk for Institutions

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While the major banks are taking their time with offering OTC crypto trading, new entrants to the space are stepping up to fill the void. Social investing platform Etoro, which focuses mainly on retail traders, is now expanding into the institutional segment with a new cryptocurrency offering. Also Read: This Week in Bitcoin: An End…