Smartbtc Sees the Need for Centralized Python-Based Smart Contracts

Smartbtc Sees the Need for Centralized Python-Based Smart ContractsJust recently the startup Smartbtc announced the execution of a bitcoin-based smart contract written in the Python codebase. The team intended to grow their Twitter following by creating a contract that paid 0.011 BTC after it accrued 1,000 followers in sixty days. After the goal was met, Smartbtc’s Python contract executed on February 19. Also […]

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Italy Completes Consultations on Registration of Crypto Companies

Italy Completes Consultations on Registration of Crypto CompaniesPublic consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a draft decree introducing registration and reporting requirements in the sector. The new set of rules will come into force within 3 months […]

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Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Now AvailableVenezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private […]

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ICOs Have Raised $2 Billion This Year – Mostly from Private Sales

ICOs Have Raised $2 Billion This Year – Mostly from Private SalesDespite the quality of this year’s initial crowd offerings being patchy at best, investors’ appetite for them remains unsated. $2 billion has been raised already, placing 2018 on course to comfortably surpass 2017’s total of $5.7 billion. But with the structure of these sales now geared increasingly towards private investors, the public have been left […]

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SBI Doesn’t Ban Credit Card Crypto Purchases Despite Issuing Warning

SBI Doesn't Ban Credit Card Crypto Purchases Despite Issuing WarningSBI Cards & Payments Services Pvt. Ltd, the second largest issuer of credit cards in India, has warned customers of the risks associated with cryptocurrencies. Despite the warning, the company did not move to ban its customers from purchasing bitcoin and other virtual currencies using SBI issued credit cards. Also Read: Indians Look to Buy Bitcoin […]

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Tim Draper on Bitcoin: “Why Would I Sell the Future for the Past?”

Tim Draper on Bitcoin: “Why Would I Sell the Future for the Past?”One of the most intriguing things about the cryptocurrency space is the diverse, eclectic, and often eccentric characters it attracts. Everyone from Wall Street brokers to cypherpunks and from industrialists to anarchists can be found staking their claim in the fledgling crypto economy and saying their piece. In a recent interview, venture capitalist Tim Draper […]

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US Federal Authorities Arrest Man for Selling 9.99 Bitcoin

US Federal Authorities Arrest Man for Selling 9.99 BitcoinIf you are thinking about selling bitcoin for cash inside the Unites States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead at His Home in South […]

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South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

South Korean Regulator Supports 'Normal' Cryptocurrency TransactionsThe director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of […]

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Bangladesh Authorities on “Hunt” for Bitcoin Traders

Bangladesh Authorities on "Hunt" for Bitcoin TradersBangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens. Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bangladesh Central Bank Warns Financial […]

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Antminer S5 Disrupts T-Mobile Broadband Network

The U.S. Federal Communications Commission (FCC) has demanded that a New York City resident turn off his bitcoin mining hardware after it was discovered that his Antminer S5 was interfering with a broadband network operated by T-Mobile. According to the FCC, the mining rig was “generating spurious emissions” and “causing harmful interference” on “frequencies assigned […]

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