Ohio First State to Accept Bitcoin: Calling Crypto Secure, Transparent, and Low Cost

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Beginning Nov. 26, Ohio will begin accepting Bitcoin payments for twenty-three kinds of business taxes. The state will become the first in the United States–and one of the first governments in the world–to accept cryptocurrency. Up until now, there have been concerns that Bitcoin would not become a suitable means for conducting payments, instead, describing…

Crypto Hangover Hits Nvidia as Chip Sales Plunge With Bitcoin Prices

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After a stellar rise in business over the last year due to the cryptocurrency boom, chipmaker Nvidia’s optimistic figures for graphics card demand in 2018 has drastically fallen short of expectations, with share prices falling by 17 percent on the back of millions of unsold chips. Falling Crypto Frenzy Takes Down Chipmakers As reported by…

US Marshals Service Announces Auction of 660 BTC

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The United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000. Also Read: Trump Tariffs to Impact Chinese Mining Hardware Manufacturers USMS to Auction Forfeited BTC in…

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

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According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…

Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

Why U.S. Congress Won’t Pass Crypto Bills Anytime Soon

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According to Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP, as of now, the U.S. Congress will not be passing a crypto bill in the foreseeable future. Had drinks yesterday with a friend who's deeply connected in DC. Me: “what do you hear about crypto on the Hill?”Him:…

Circle Introduces Stablecoin Backed By U.S. Dollar

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Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets. The U.S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.S. bank accounts. With an open-internet concept in mind, USDC was designed for universal…

PNC Bank Signs On to Use Ripple’s xCurrent, Joins RippleNet

PNC Bank Signs On to Use Ripple’s xCurrent, Joins RippleNet

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Ripple has revealed that it has signed its first major U.S. bank to its network. .@PNCBank has joined the 100+ financial institutions on RippleNet. It’s one of the first major U.S. banks to use #blockchain tech to streamline payments into and out of the country. https://t.co/nckQaup9vZ — Ripple (@Ripple) September 19, 2018 PNC Bank and…

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

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Almost $800 million worth of Bitcoin and Bitcoin Cash has been withdrawn from wallets associated with defunct cryptocurrency “black market” Silk Road marketplace and linked to Silk Road owner Ross “Dread Pirate Roberts” Ulbricht, signaling a potential large-scale Bitcoin market dump. The Silk Road-related cryptocurrency wallet activity, first observed by cryptocurrency community members on Aug.…

US Regulators Give Update on Crypto Crackdown

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Since the ICO fervor of 2017, regulators worldwide have increased scrutiny on emerging cryptocurrency projects and investment schemes. On Aug. 28, U.S. regulators released an update on their coordinated cryptocurrency crackdown. NASAA Updates ‘Operation Cryptosweep’ The North American Securities Administration Association (NASAA) updated its progress on initial coin offering- (ICO) and cryptocurrency-related investment product investigations,…

US Government Grants $800K for Blockchain R&D

US Government Grants $800K for Blockchain R&D

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With growing adoption, blockchain integration continues to proliferate across nations worldwide. The U.S. government, meanwhile, has invested $800,000 in developing a research-oriented distributed ledger, called Open Science Chain. US Researchers Develop Distributed Ledger The U.S. government has granted $818,433 to researchers at the University of California-San Diego for the development of Open Science Chain (OSC),…