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  • Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

    This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.In Switzerland, the Bank of International Settlements is spreading some misinformation about digital currencies and blockchains; meanwhile, attorney Pamela Morgan is in the U.S. sharing great information regarding how you can plan for cryptoasset inheritance. In China, the asset management...

  • Insight From a Place of Crisis: Bitcoin as an Agent of Change

    Delving into bitcoin can take guts — and not just the type of bravado needed to embrace crypto speculation. Sometimes standing up for bitcoin also means standing up for your homeland and fellow citizens, in search of a better way.The latter display of bravery is embedded in the recently launched Let’s Talk Bitcoin! podcast #370 hosted by Adam B. Levine, Stephanie Murphy and Jonathan Mohan. That’s where LTB correspondent Christian Garcia steps up with a report fr...

  • Mt. Gox Creditors May Be Reimbursed in Bitcoin Under Civil Rehabilitation

    The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018.Mt. Gox was forced into criminal bankruptcy after more than $473 million in bitcoin was stolen from the exchange in 2014. This latest petition filed by the creditors provides for more options on how they can be reimbursed. At issu...

  • Asset Management Firm Launches Chinese Blockchain ETF

    Blockchain technology has grabbed the interest of investors globally as it has quickly grown into one of the most exciting areas due to its wide variety of application across industries. This is why Reality Shares, an asset management firm, is launching China’s first blockchain ETF, which gives investors access to Chinese companies at the forefront of the blockchain revolution.According to the company, the Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA...

  • Bitcoin Price Analysis: Shaky Support Gives Way to Massive Bear Flag Set-up

    A sideways market has many bitcoin investors wondering if the downward volatility has finally subsided. As stated in our previous discussion of the bitcoin market, the $6,425 support level was a very important level to hold. A failure to maintain support at that price level would undoubtedly cascade the market into a test of deeper support values. Fortunately, the week started off with a decent bounce off the support level:Figure 1: BTC-USD, 1-Day Candles, Support Lev...

  • World Refugee Day: How Digital Identities Can Help a Population in Crisis

    According to statistics from the United Nations Refugee Agency, there are 25.4 million refugees in the world and some 3.1 million asylum seekers. On this year’s World Refugee Day, we’re reminded of the perpetual crises that plague our international communities and the displaced individuals they create.For those in the blockchain industry, today may also serve as a reminder for how the new technology may provide a solution. With the ability to keep consistent, imm...

  • Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars

    Tether Ltd., which issues a stable coin allegedly tied to U.S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. While the law firm did not perform an official audit, it did have access to Tether’s bank accounts and has released data regarding how much money the company holds.According to Tether CEO...

  • “No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

    Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.Since the report’s publication, many leaders in the crypto community have argued that the BIS is incorrect in much of what it seems to state as fact. CEO and co-founder of Circle Jeremy Allaire commented that the report was “very shallow,” and added, “They haven’t do...

  • South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack

    Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.Bithumb’s blog post reads "Due to security issues; we are changing our system regarding deposits of cryptocurrency. All of our customers should stop depositing cryptocurrency until we notifie...

  • Chain Accelerator Opens Its Doors to Blockchain, Crypto Startups in France

    \Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G. Gresta, former SWIFT CEO Leonard Schrank, and Ledger president Pascal Gauthier.The company will assist startups with initial coin offerings (ICOs), business development plans, marketing and public relations. In a statement, co-found...

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