Bitcoin Mining Isn’t an ‘Environmental Armageddon’ : Credit Suisse Report

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A Credit Suisse report downplayed fears that the growth of the bitcoin mining industry would initiate an “environmental armageddon.” Bitcoin Mining Not an ‘Environmental Armageddon’ The emergence of bitcoin as an economic force has had a correlative effect on the bitcoin mining industry, as increased profitability has attracted more miners to the ecosystem. This increased

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CFTC Files Fraud Suits Against Cryptocurrency Investment Schemes

The post CFTC Files Fraud Suits Against Cryptocurrency Investment Schemes appeared first on CCN

The US Commodity Futures Trading Commission (CFTC) filed charges against several cryptocurrency investment schemes for allegedly defrauding customers and investors. The suits, which were filed on Thursday in US federal court in New York, accuse CabbageTech and the Entrepreneurs Headquarters Limited of engaging in fraudulent practices to obtain cryptocurrencies from investors. CabbageTech, which operated under

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Bitcoin Will ‘Totally Collapse,” Even if it Takes 100 Years: Nobel Prize Winner

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Nobel laureate Robert Shiller is fairly confident bitcoin will collapse, but he’s not quite sure when that collapse will occur. Shiller, a Yale University professor who won the Nobel Prize for Economics in 2013, told CNBC that bitcoin will likely “totally collapse and be forgotten,” although it could linger for as long as 100 years.

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MMA Title Contender Rory MacDonald Talks Dash Sponsorship Ahead of Bellator 192

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When Rory MacDonald squares off against welterweight champion Douglas Lima in Saturday’s Bellator 192 title fight, he will be sporting branded gear from what may seem to be an unlikely sponsor: Dash. MMA Title Contender Rory MacDonald Lands Dash Sponsorship However, as his Twitter followers know, the 28-year-old MacDonald has been active in the cryptocurrency

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Portuguese Bank Santander Totta Backs Down, Allows Bitcoin-Related Transactions

The post Portuguese Bank Santander Totta Backs Down, Allows Bitcoin-Related Transactions appeared first on CCN

Earlier this week, CCN reported that Portuguese branch of Spanish bank Santander, Banco Santander Totta, was blocking bitcoin-related transactions. The financial institution was blocking the transactions while claiming cryptocurrency exchanges were transacting in non-regulated financial products. Following a backlash, the bank has seemingly backed down, and is now processing these transactions. Santander Totta was blocking

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Ripple Price Continues to Outperform Index as Market Recovers

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The ripple price continued to outperform other top-tier coins as the cryptocurrency markets made slight gains against their previous-day levels. Cryptocurrency Market Cap Nears $600 Billion Friday’s contribution to the recovery was not as pronounced as the one fate dealt the markets on Thursday, but the cryptocurrency market cap nevertheless climbed to $592 billion, a

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OKCoin: Formerly Largest Cryptocurrency Exchange in China to Launch in South Korea

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Following the roadmap of its competitor Huobi, formerly the largest cryptocurrency exchange in China OKCoin will launch a trading platform in the South Korean market. OKCoin’s South Korea Expansion Earlier today, on January 19, local media outlets in South Korea reported that NHN Entertainment, one of the biggest multi-billion dollar game developers in the country

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Visa CEO: We Won’t Accept Bitcoin Directly

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Visa will not directly accept bitcoin, according to company CEO Alfred Kelly in a recent CNBC interview during the National Retail Federation trade show in New York City. “We at Visa won’t process transactions that are cryptocurrency-based,” he said. “We will only process fiat currency-based transactions.” Kelly pointed to the problem posed by a currency like

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Russia’s Largest Bank Has Launched a Blockchain Laboratory

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Sberbank, Russia’s largest bank by assets, has opened a blockchain lab to develop, test and pilot blockchain projects. The newly established blockchain lab will focus on developing business solutions for the wider Sberbank Group in addition to cooperating with startups, associations, communities and alliances to further blockchain awareness and development. Blockchain specialists will arrive as

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Israel Tax Authority is Looking to Collect from ICOs

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Israel is calling for a tax on upcoming ICOs for both issuers and investors, opting in a double-edged sword scenario to tighten the noose on regulation as opposed to a more severe approach taken by China and South Korea. Israel’s Tax Authority, which is comparable to the IRS, has published draft legislation with details of

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