Prominent VC: Investors Remain Committed to Cryptocurrency Despite Bear Cycle

Barry Silbert, the founder and CEO of Digital Currency Group (DCG), the largest venture capital firm focused on the cryptocurrency market, has said that investors are still committed to the cryptocurrency market and are showing interest despite the cryptocurrency bear cycle. Over the past few years, DCG has evolved into the largest and most influential

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EOS Decentralization Questioned Again as Block Producers Freeze 27 Accounts

After just one week of the EOS mainnet going live, the community is questioning its decentralized nature. Early last week, the network’s 21 block producers who verify transactions and validate blocks froze seven EOS accounts allegedly belonging to thieves who had stolen funds by scamming users through phishing scams or other attacks. Thought the first

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$13 Billion Wiped Out as Cryptocurrency Market Takes Another Beating

On June 23, the cryptocurrency market demonstrated another minor short-term correction, as $13 billion were wiped out of major digital assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS. EOS recorded the largest loss against the US dollar amongst major cryptocurrencies, dropping by more than 11 percent overnight. Bitcoin, Ethereum, and Ripple recorded a

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Cambodia Issues Warning Against Unlicensed Cryptocurrency Trading

Authorities in Cambodia have formally warned domestic investors that they risk incurring penalties for buying, selling, or trading cryptocurrencies without getting a license first. “Any person or legal entity that propagates to mobilize funds, buys, sells, trades or settles Crypto Currencies without obtaining license from competent authorities shall be penalized in accordance with applicable laws,”

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US Lawmaker Calls For ‘Light Touch’ on ICO Regulation

US Rep. Warren Davidson (R-OH) said a “light touch” regulatory framework is needed for the initial coin offering (ICO) market during a CNBC  “Squawk Box.” interview. Davidson is a member of the House Financial Services Committee of the House of Representatives. “We want to make sure that the United States’ capital markets stay strong and

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Bank of England to Open Settlement System to Private Firms, Distributed Ledgers

The Bank of England remains bearish on bitcoin, but the central bank has announced plans to overhaul its settlement system to allow private payment systems, including those based on blockchains and other types of distributed ledgers, to interface with the platform. Bank of England Governor Mark Carney announced the plans in a speech delivered on

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Congress Should Take Action Against Privacy Coins: Secret Service Official

A top official in the US Secret Service has asked Congress to take action against privacy-centric cryptocurrencies like zcash and monero, which include features designed to help users make anonymous transactions. In prepared testimony given on Wednesday before the House of Representatives Committee on Financial Services Subcommittee on Terrorism and Illicit Finance, Robert Novy —

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EOS User Posts Private Key Online, Dares Critics to Steal Funds

It’s a truth universally acknowledged that one should never expose their private keys to another individual or an untrusted piece of software. However, one EOS backer is putting that worldview to the test. On Friday, anonymous Steemit user “eosinsider” levied a challenge to the nascent cryptocurrency’s critics: here’s my private key — steal my funds.

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Cryptocurrency Market Suffers Ongoing Decline, Analysts Weigh Causes

The market is undergoing continuous decline today after the overall market cap dropped $16 billion in 24 hours. Bitcoin is down 8 percent and dropped from $6,700 earlier today now trading at under $6,200 with $6,000 being considered an important line of support. Meanwhile, Ethereum is down 10 percent and EOS is down over 15

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Tron to Burn TRX Worth $50 Million to Mark ‘Independence Day’

The much-hyped Tron Independence Day is less than 72 hours away. As part of the commemorative events that are set to take place, Tron Foundation has revealed that TRX tokens worth approximately US$ 50 million will be burnt. This is one billion TRX coins which according to Tron Foundation will perhaps constitute the largest amount

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