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  • Binance Will Support USDC Trading Starting November 17

    Binance — one of the most popular digital currency exchanges across the globe — has announced that it will be adding the fiat-collateralized stablecoin USD Coin (USDC) to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binance’s own token, BNB.The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 1:1 with the USD....

  • OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

    Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent:“Overall, we are very bullish on the crypto...

  • Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

    The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While we’ve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, companies and professionals joining the larger cryptocurrency and blockchain ecosystem has continued to increas...

  • Korea’s KAIST University Adds Blockchain Application Courses to Curriculum

    South Korea’s leading technology university, the Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.  “We’re kicking things off with a seminar at the electrical engineering school this Friday [the 16th] where we’ll be providing a high-level overview of blockchain ...

  • New York Department of Financial Services Issues 14th BitLicense

    Today, November 14, 2018, the New York State Department of Financial Services (DFS) announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called “BitLicense” or “Virtual Currency License” application is the 14th of its kind and is required under New York State law in order for a company to engage in “any Virtual Currency Busine...

  • Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

    In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways. Google's G Suite Twitter Account is Hacked!! pic.twitter.com/JdB7huGksO— Burton (@B_u_r_t_o_n) November 1...

  • IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

    With contributing reporting from Jimmy Aki.Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled “Winds of Change: The New Case for Digital Currency.” In it, Lagarde stated, “I believe we should consider the possibility to issue digital currency. There may be...

  • Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds

    The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was along with...

  • “Bitmain Is Restructuring,” But Jihan Wu Still a Board Director: Source

    Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firm’s board director while confirming that the board has undergone restructuring.Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization. “As is standard listing practice, Bitmain is restructuring it...

  • When the Fork Forks: What You Need to Know as Bitcoin Cash Goes to War

    Live updates below the article.Around 16:40 UTC tomorrow, November 15, 2018, the Bitcoin Cash network is set to undergo another hard fork upgrade. But contention about this upgrade has left the Bitcoin Cash ecosystem divided, which could once again lead to a split into multiple projects and coins.Here’s what you need to know to get up to speed.As a quick reminder, what is Bitcoin Cash again?Bitcoin Cash (sometimes referred to as “Bcash” or “BCH”) is a crypto...

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