Crypto Tech Isn’t Good Enough for National Digital Currency, Says Swiss Central Bank Director

The board director of the Swiss central bank Thomas Moser voiced his doubts about the possibility of an ‘e-franc’ state cryptocurrency when speaking at the 2018 Crypto Valley Blockchain conference in Zug, Switzerland yesterday. SwissInfo reports that Moser stated the potential impact of cryptocurrencies and blockchain tech on the traditional finance system is unclear and

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R3’s Not Bankrupt, But Documents Show It’s Not Flush with Cash, Either

Enterprise blockchain startup R3 is not bankrupt, but the high-profile banking consortium founder isn’t entirely out of the woods, either. That’s the takeaway from a new report in Forbes, at least. The publication, which says it was given “unprecedented” access to financial documents, found that R3 has indeed by missing revenue targets by a significant

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Japan Slaps 6 Licensed Cryptocurrency Exchanges with Business Improvement Orders

Japan’s financial regulator has targeted six licensed cryptocurrency exchanges to issue business improvement orders, ramping up its scrutiny of the sector. Following on-site inspections into a number of exchanges, Japan’s Financial Services Agency – the country’s financial regulator and watchdog – has ordered half a dozen licensed exchanges to rehaul and improve their management systems

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Breaking: Mt. Gox Case Moved to Civil Rehabilitation, Creditors May Be Paid in Crypto

Creditors holding bitcoins at infamous cryptocurrency exchange Mt. Gox may recover their funds, after all, a court has ruled. According to a document posted on the Mt. Gox website, the Tokyo District Court on Friday approved a petition to move the company out of criminal bankruptcy and into civil rehabilitation. The exchange, as CCN reported,

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NANO Issues Alert on Android App Vulnerability, Urges Users to Move Funds

NANO, which recently rebranded from RaiBlocks in January 2018, has issued a statement alerting users about a vulnerability in their android wallet, urging them to move their funds to a new wallet. This applies to anyone who generated a wallet seed using the NANO android wallet, which was released just a few hours ago. The

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Chinese Police Seize 200 Bitcoin, Ethereum Mining Rigs Over Electricity Theft

Chinese police have reportedly seized over 200 computers used to mine bitcoin and ethereum in a crypto-mining operation that allegedly stole electricity. According to a report by China’s state-owned press agency Xinhua, police in the Anhui Province of eastern China confiscated the equipment after being alerted to abnormally high electricity usage by the local power

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Japan’s Biggest Cryptocurrency Exchange Suspend New Accounts amid Stricter Regulation

Merely three days after the Japanese government and local financial authorities requested cryptocurrency exchanges to improve their infrastructures, bitFlyer, the country’s biggest cryptocurrency exchange, has suspended the registration of new accounts to overhaul its Anti-Money Laundering (AML) and Know Your Customer (KYC) system. Government Finds Flaws in Internal Management Systems Since earlier this year, the

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$17 Billion Deleted From Cryptocurrency Market in 24 Hours as Ethereum Falls 7%

The cryptocurrency market has recorded a loss of over $17 billion in the past 24 hours, triggered by the loss of major cryptocurrencies including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS. EOS recorded the largest loss amongst major digital assets, demonstrating a loss of more than 10 percent overnight. Ethereum, Bitcoin Cash, Litecoin, Stellar, and

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Bithumb Hack ‘Doesn’t Really Change the Fundamentals of Bitcoin’: Charlie Lee

Charlie Lee, the founder of Litecoin, went on CNBC’s Fast Money program on Wednesday to discuss the recent hacking of South Korea’s cryptocurrency exchange Bithumb, among other developments in the crypto sphere. Speaking via telephone, the founder of the world’s fifth-largest cryptocurrency by market cap pointed out that while it is normal for cryptocurrency investors to

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