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CryptoKitties Sales Hit $12 Million, Could be Ethereum’s Killer App After All

CryptoKitties, the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace.Essentially, CryptoKitties is a Tamagotchi-like game developed as a decentralized application (dapp) launched on top of the Ethereum protocol. Each digital kitten represents a unique crypto asset and the ownership of it cannot be altered, as it is integr

Bitcoin Platinum Created By South Korean Teenager As a Scam, Local Market Erupts

According to JoongAng, South Korea’s largest mainstream media outlet, investors in the local cryptocurrency exchange market have outraged over Bitcoin Platinum, an alleged scam created by a South Korean teenager.The Twitter handle @bitcoinplatinum, the official account of the Bitcoin Platinum project has advertised the project as a hard fork of the Bitcoin Blockchain. Earlier this month, the cre

Buy Bitcoin, Not Real Estate

Op-Ed Real estate is how ordinary people have stored value and ultimately accumulated wealth. Indeed, post World War II societies all but demanded access to credit through politics, and governments responded with in-kind favors to keep power. Compounding of easy, loose money spurred decades of growth in housing construction, materials, land, and requ

Russian Presidential Candidate: ‘We Will Legalize Bitcoin and Other Cryptocurrencies’

Featured A recently-announced Russian presidential candidate, Boris Titov, is a bitcoin advocate. He promises to legalize bitcoin and other cryptocurrencies if elected. Titov is friends with President Vladimir Putin and heads up his efforts to fight corruption. He has also repeatedly advocated for the legalization of bitcoin in Russia, suggesting the

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UK Treasury Plans to Regulate Cryptocurrency Exchanges

It comes as no surprise that governments don’t like Bitcoin and banks and financial institutions like it even less. They cannot control it, track it, profit from it, or tax it. To justify their fears and loathing politicians and bankers will use phrases like ‘fraudulent’, ‘criminal’, and ‘bubble’ to deter the public from gaining an interest in cryptocurrencies.  This week the UK

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South Korea Is Investigating Methods to Tax Bitcoin Users

Kim Dong-yeon, South Korea’s deputy prime minister and the minister of strategy and finance, revealed earlier this week that the government is investigating various methods to better regulate the local Bitcoin market and tax Bitcoin users accordingly.While the South Korean government and its local financial authorities are actively discussing the possibility of enforcing a policy on Bitcoin taxa

South Korea Outlines Proposed Legislation for Cryptocurrency Exchanges

Regulation The South Korean Financial Services Commission is finalizing its proposals to regulate cryptocurrency exchanges. This follows an earlier “Bitcoin Regulation Act” submitted by lawmaker Park Yong-jin. Meanwhile, the prime minister is very concerned about the growth and risks of cryptocurrencies including bitcoin and has called for immedi

One Stop Blockchain Solutions for Any Business. Jincor Platform Overview.

It seems that everyone in the FinTech industry is talking about smart contracts these days. A recentreport from the Everest Group points out that the prototypes developed by financial services enterprises and consortiums have primarily been a simplified version of a smart contract. The group, however, expects to see enterprise-grade smart contracts being developed by early 2018, which begs the que

Blockchain as the Foundation for a New Banking System

Blockchain technology can be considered the most promising site for experiments in the financial sector, which will open up unlimited possibilities and solve the acute problems of banks. It is no accident that many of the largest banks continue to rely on application development platforms using blockchain technologies.The 2008 financial crisis severely undermined the global capital markets industr

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Breaking: Tether Allegedly Hacked For $30 Mln

According to a post on its website, Tether has experienced a substantial hacking event, with a loss of over $30 mln from the Tether Treasury account. The loss was discovered when the tokens were sent to an unauthorized Bitcoin address. According to the post, Tether is taking all possible action to prevent further disruption, saying:“Yesterday, we discovered that funds were improperly removed fro

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