$20 Billion in 2 Days: Crypto Market Surges as Ripple Continues Rally

Within the past 48 hours, the valuation of the crypto market has increased from $198 billion to $218 billion in a rally boosted by a surge in Ripple token XRP. XRP, the native cryptocurrency of the Ripple blockchain network, recorded a 40 percent rise on September 21, continuing its momentum that was established earlier this

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Australia’s First Dollar-Backed Crypto Stablecoin to be Launched in 2019

Just like has already happened with the US Dollar and the Euro, among others, Australia is about to get its first Aussie-backed stablecoin. This will be made possible by a partnership between Bit Trade, one of the oldest cryptocurrency exchanges in Australia, and blockchain employment platform, Emparta. The two firms will collaborate in designing and

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Ripple Price Intraday Analysis: XRP/USD Moons 45% amid FOMO

Ripple on Friday underwent massive appreciation against the US Dollar, rising as much as 45 percent from its intraday low. Ripple Labs expressed strong fundamentals over the course of the past week. For starters, the San Francisco company behind the XRP token signed a strategic partnership with the National Commercial Bank, Saudi Arabia’s first national

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California Watchdog Bans Bitcoin Donations in Political Campaigns

The California state government’s political watchdog has ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin. The Fair Political Practices Commission, a five-member non-partisan commission that functions as the state’s campaign watchdog, has voted to ban cryptocurrency donations for candidates running for public offices in the state.

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Candidate Receives First Ever Bitcoin Donation to a Political Campaign in Taiwan

A candidate for a local government seat in the city of Taipei has made history as the first politician in Taiwan to ever receive a campaign donation in bitcoin. According to BusinessNext, the bitcoin donation was made to Hsiao Hsin-chen who is vying for a seat in Taipei City Council on a New Power Party

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Blockchain for 35 Million Users: Korea’s Biggest Insurance Firm SK Partners With ICON

ICON, South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK, to possibly utilize blockchain technology and crypto in compensating users of its mileage system. SK Planet, a subsidiary of SK that signed a memorandum of understanding (MoU) with ICON, operates the most widely utilized mileage system in the country

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How the Recent $60 Million Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds

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SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs

U.S. Securities and Exchange Commission (SEC) co-director of enforcement Stephanie Avakian mentioned in a Sept. 20 speech that the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper initial coin offering (ICO) registration requirements in the future According to a transcript of the speech posted on

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Binance, Coinbase on Hiring Spree Despite Bear Market, Sign of Rapid Growth

Binance and Coinbase, two of the largest cryptocurrency exchanges in the world by user base and daily trading volume, are on a hiring spree despite the 80 percent correction the crypto market experienced throughout 2018. Speaking to Bloomberg, Binance’s Chief Financial Officer Wei Zhou stated that the company is hiring 50 new employees in its

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Cryptojacking is up 459% in 2018, and it’s the NSA’s Fault

A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and monero. As CCN recently reported, the Indian government was recently targeted in a cyberattack which hijacked processing power from government website servers to

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