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Author: Lester Coleman

EOS Freezes Seven Accounts Following Mainnet Snafu

EOS, an altcoin blockchain that was halted by a bug that prevented transactions two days after going live, has frozen seven EOS accounts that were subject to a phishing scam, according to a blog on a site called EOS42 on Steemit. Developers discovered the bug that caused the mainnet to pause unexpectedly on June 16 The post EOS Freezes Seven Accounts Following Mainnet Snafu appeared first on CCN
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Denver Post Exiles Launch Blockchain-based Newspaper

A group of journalists who left The Denver Post over conflicts with the paper’s owner has joined a blockchain based startup that hopes to operate 1,000 publications this year, according to The New York Times. The former Denver Post staffers will partner with a startup called Civil Media Company, whose sole investor is ConsenSys, a The post Denver Post Exiles Launch Blockchain-based Newspaper appea...
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INGOT Coin Bridges Crypto and Traditional Finance with Blockchain Ecosystem, Unleashing a New Era

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. INGOT Coin (IC), a utility and security token, will change how the financial and trading industries are viewed by establishing new ways to link the cryptocurrency market with the The post INGOT Coin Bridges Crypto and Traditional Finance...
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The ‘Central Bank for Central Banks’ Disses Cryptocurrencies in New Report

The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies. The bank also acknowledges the possibility of The post The...
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Bitcoin Transactions Help Police Track Down Dark Web Drug Dealer

A French national has pleaded guilty to selling narcotics on the dark web after police were able to trace his criminal activities through his bitcoin accounts. Police arrested 36-year-old Gal Vallerius in September at the Atlanta airport in the US while traveling to attend a beard and mustache competition, according to Bleeping Computer. Investigators said The post Bitcoin Transactions Help Police...
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CFTC Seeks Judge’s Approval to Sue Alleged $6 Million Fraud My Big Coin

The U.S. Commodity Futures Trading Commission has claimed it has jurisdiction over a cryptocurrency called My Big Coin and has asked a federal judge to grant it authority to proceed with the lawsuit which claims the cryptocurrency has been operating a $6 million fraud. CFTC claims My Big Coin Pay, based in Nevada, misappropriated $6 The post CFTC Seeks Judge’s Approval to Sue Alleged $6 Million Fr...
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AI Trader Launches Game Changing OCO Trading Mode

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. One of the world’s Top 5 GPU based mining firms, Dubai-based Kingdom Mining, recently announced the launch of a breakthrough autonomous cryptocurrency trading platform, AI Trader. Within two weeks The post AI Trader Launches Game Changin...
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Former FDIC Chair Urges Fed to Consider Issuing Central Bank Digital Currency

Sheila Bair, a former chair of the Federal Deposit and Insurance Corporation in the U.S., thinks the U.S. Federal Reserve Bank should seriously consider issuing a digital currency to reduce the risk of a financial crisis and improve monetary policy. Writing in Yahoo Finance, she noted that market volatility continues to shake confidence in banking The post Former FDIC Chair Urges Fed to Consider I...
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Tezos Investors Forced to Undergo KYC Nearly 1 Year after ICO

The Tezos Foundation, which supports the Tezos project — itself designed to be a highly decentralized blockchain — has announced know your customer/anti-money laundering (KYC/AML) requirements for its contributors as the Tezos beta test nears nearly a year after the then-record initial coin offering’s (ICO) conclusion. In announcing the KYC/AML requirements, the foundation noted ...
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Dutch Central Bank: Blockchain Cannot Yet Support Financial Market Infrastructure

De Nederlandsche Bank (DNB), the central bank of the Netherlands, recently concluded after a three-year test that blockchain technology cannot currently meet the needs of a financial market infrastructure, the bank announced on its website. The report cites bitcoin technology’s inadequacies in the areas of capacity, its high energy consumption and insufficient certainty of transaction The post Dut...
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