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Bank Of China Files Patent For New Blockchain Scaling Solution

The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, the country’s central bank, has filed a patent with the Chinese State Intellectual Property Office (SIPO) for a solution to scale Blockchain technology systems, according to local news outlet tech.ifeng.The bank originally applied for the patent on Sept. 28, 2017, with a Zhao Shuxiang indicated as the

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Korean Regulator Tips Cryptocurrency Prospects Back Toward “Normalization”

On February 20, 2018, investors saw signs of yet another directional shift in South Korea’s regulatory stance on cryptocurrencies. According to Reuters, Choe Heung-sik, the governor of South Korea’s Financial Supervisory Service (FSS), told reporters, “The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than

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Venezuela Named Cheapest Country to Mine Crypto as El Petro is Launched

As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live?The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available for download in multiple languages yesterday to much international criticism. The digital currency, which is linke

US Federal Authorities Arrest Man for Selling 9.99 Bitcoin

Regulation If you are thinking about selling bitcoin for cash inside the Unites States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case.Also Read: Cryptocurrency Regulator Found Dead at His Home in South KoreaAnother Bitcoi

South Korea Supports ‘Normal’ Cryptocurrency Transactions

Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them.Also read: Indians Look to Buy

Crypto Index Fund Bitwise Delivers 45% Return in First Two Months

Finance These days more players on Wall Street are adopting bitcoin as a new vehicle that can potentially deliver amazing growth opportunities, and traditional investors are reaping the benefits. An index fund operated by Bitwise, for example, has delivered a 45% return in its first two months.Also Read: Cryptocurrency Regulator Found Dead at His Hom

Bitcoin Price Technical Analysis for 02/20/2018 – Watch Out for this Ceiling!

Bitcoin Price Key HighlightsBitcoin price is still rallying and has broken one resistance level after another.Zooming out to the daily time frame reveals that price is closing in on a major area of interest.Applying the Fibonacci retracement tool on the daily swing high and low shows that this potential ceiling lines up with the 61.8% level as well.Bitcoin price could pause from its climb once it

Asian Altcoin Trading Roundup: Top Cryptocurrency is Ethereum Classic

Things are looking rather pleasant for crypto markets during this morning’s Asian trading session. Bitcoin has sustained solid growth of over 7% on the day and currently trades at just over $11,450, this has pulled the majority of the altcoins to higher levels. One way out in front of the pack at the moment is Ethereum Classic.Coinmarketcap has ETC trading at 26.5% higher than this time yesterda

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South Korea’s Cryptocurrency Exchanges Made ‘$648 mln’ Taxable Revenue For 2017

The Upbit exchange generated more than half of South Korea’s $648 mln cryptocurrency exchange revenues in 2017, new government figures claim.According to data released by lawmaker Park Kwang-on and reported by local news media outlet Yonhap News Sunday, total revenues for Korea’s burgeoning exchange sector ballooned 8025% compared to 2016, when it amounted to just $7.5 mln.Exchanges enjoyed a

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Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets.Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following the holiday season. Over $250 million has been trad

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