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Greek Supreme Court Rejects Extradition Appeal by BTC-e’s Alexander Vinnik

Regulation The Greek supreme court in Athens has rejected today the appeal by the suspected BTC-e operator Alexander Vinnik regarding his extradition to the United States. The way is now clear for the Greek justice minister to give the final verdict whether to extradite the Russian national to American authorities or not.Also Read: Tax Investiga

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Digital Currencies vs. Cryptocurrencies, Explained

What are digital currencies?Digital currencies are money used on the Internet.Digital money exists only in the digital form. It doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, such as

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App Stores of Future Will Be Based on Blockchain, Promote Transparency

In 2017, app stores saw record revenues and downloads. Across both iOS and Android platforms, downloads grew by 15 percent year-over-year to reach nearly 50 billion worldwide, taking total revenue to $15 billion.Google Play and the Apple App Store are the most widely used mobile marketplaces across the globe. It’s because of this duopoly that they are able to impose a 30% cut on all purchases, a

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India: Officials “Survey” Nine Crypto Exchanges

Just a month after the Indian Supreme Court issued a warning to the financial interests of the nation, “surveys” have begun on nine of the country’s cryptocurrency exchanges. An undisclosed source explained to local news outlet DNA:“We are collecting the name of investors and their transaction details. The survey under Section 133A of the Income Tax Act, is being conducted for ga

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CFTC Chairman: Cryptocurrencies Are 'Unlike Any Commodity' We’ve Seen

Сryptocurrencies are one of the most challenging asset classes for the Commodity Futures Trading Commission (CFTC), according to a statement by Chairman J. Christopher Giancarlo. He also warned potential investors about the risks associated with cryptocurrencies and Initial Coin Offerings (ICOs).Notable partnershipThe chairman of the CFTC highly commended his Securities and Exchange Commission (S

Will the Marriage of IoT and ETC Bring the Next Investment Opportunity?

In recent years, The Internet of Things (IoT) has become a catchword of industry insiders in identifying the roadmap of home automation and smart city planning. Now IoT technology leveraged in a host of projects is giving a boost to global informatization.ETC, one of the latest technologies applied to IoT, increase the way how information and value are shared in the digital economy. Its smart cont

World’s First Equity-Linked Token, Finova Financial’s JCO to be Available through WeFunder Crowdfunding Platform

WEST PALM BEACH, FL December 12, 2017: Finova Financial, a digital financial services provider transforming the future of global banking, announced today that it is partnering with crowdfunding platform WeFunder to make Finova’s JOBS Crypto Offering (JCO)—the world’s first equity-linked token—available to investors large and small. Finova’s token will carry the unique attribute of b

South Korea Imposes Six Conditions for Crypto Exchanges to Operate

Economy & Regulation The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions.Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto TransactionsThe Proposed BillTh

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Bancor Releases Six Month Update, Sees Significant Adoption Uptick

After raising over $150 mln in its token generation event the Bancor ICO has issued its first major update regarding its platform and usefulness. The announcement includes substantial information regarding adoption of the Bancor Blockchain protocol, along with statistics for how many tokens are now tradable through the Bancor system.To date, nine different tokens have been acti

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Bulgaria Could Slash its National Debt Thanks to Seized BTC

Whilst early investors are rejoicing about the recent surge in the price of Bitcoin, the increase is delighting elsewhere too. As part of a national anti-corruption operation in Bulgaria back in May, the government there seized 213,519 BTC from organised criminals. Today, these coins are worth $3.6 billion, or to put it another way, around one fifth of the entire country’s national debt. At the

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