Monday, July 23Your Daily Bitcoin & Altcoin News Portal

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South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China – Bitcoin News

South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China – Bitcoin News

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Please share if you find this article interesting. South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China - Bitcoin News Regulation South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated to financial innovations that include cryptocurrencies is being set up. In addition, an agreement with Chinese authorities relating to crypto and initial coin offerings has also been reached. Meanwhile, the contracts between Korean crypto exchanges and banks for real-name accounts will expire this month. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Major Organizational Restructuring FSC Chairman Choi Jong-ku. Last week South Korea’s top financ
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Mainstream Media and Its Strange Love-Hate Affair with Bitcoin – Bitcoin News

Mainstream Media and Its Strange Love-Hate Affair with Bitcoin – Bitcoin News

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Please share if you find this article interesting. Mainstream Media and Its Strange Love-Hate Affair with Bitcoin - Bitcoin News News Mainstream media (MSM) loves bitcoin. It is the Donald Trump of money, certain to generate guaranteed clicks with minimum effort. As cryptocurrency has risen, over the past 18 months, so has its profile in MSM publications. But don’t mistake this prolific coverage for affection. Mainstream media has always hated, feared, and misunderstood bitcoin. BTC might have made it to the front pages, but the reporting of it remains as dumb as ever. Also read: Thanks to Mainstream Media the Public Clueless About Cryptocurrency MSM Love to Hate Bitcoin “I read the newspaper avidly. It is my one form of continuous fiction,” riffed Nye Bevan, British Health
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A Discussion With the Prolific Bitcoin Developer Unwriter – Bitcoin News

A Discussion With the Prolific Bitcoin Developer Unwriter – Bitcoin News

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Please share if you find this article interesting. A Discussion With the Prolific Bitcoin Developer Unwriter - Bitcoin News Interview This week news.Bitcoin.com spoke with one of the most prolific developers working with the Bitcoin Cash (BCH) network. Over the past few months, the developer Unwriter has created a large swathe of censorship-resistant applications that are tethered to the BCH blockchain. We decided to get an inside glimpse of all the interesting platforms Unwriter has been launching, and the programmer tells us why they were conceived and how they operate.     Also read: No Matter How You Slice It — Token Assets Are Coming to Bitcoin Cash So far the programmer Unwriter has launched platforms such as Chainfeed, a Twitter bot called @_Opreturn, Read.cash, the B
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Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up

Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up

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Please share if you find this article interesting. Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap. Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth. Market visualization from Coin360 Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 ...
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Over 500 BTC Belonging to Iranians Seized by US Government: Report – Bitcoin News

Over 500 BTC Belonging to Iranians Seized by US Government: Report – Bitcoin News

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Please share if you find this article interesting. Over 500 BTC Belonging to Iranians Seized by US Government: Report - Bitcoin News Finance According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Iranians’ 500 BTC Seized by US Government Sepehr Mohammadi, the president of Iran’s Blockchain Association, told Ibena news outlet last week: Last year, a remarkable volume of bitcoins which belonged to some Iranians were confiscated for unspecific reasons
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EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market

EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market

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Please share if you find this article interesting. EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market A study on issues of competition in fintech, commissioned by the European Parliament Committee on Economic and Monetary Affairs (ECON), was published July 20. It found that central bank-issued digital currencies could be a “remedy” for a lack of competition policy in the crypto sector: “The arrival of permissioned cryptocurrencies promoted by banks, even by central banks, will reshape the current competition level in the cryptocurrency market, broadening the number of competitors.” The study mentions cryptocurrencies like Bitcoin (BTC) as “technological and operational paradigms that are a source of disruption for the entire sector,
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Asian Asset Manager Focusing on Family Offices to Launch Crypto-Custody Solution

Asian Asset Manager Focusing on Family Offices to Launch Crypto-Custody Solution

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Please share if you find this article interesting. Asian Asset Manager Focusing on Family Offices to Launch Crypto-Custody Solution The Fusang Investment Office, an Asia-based fund management firm focusing on family offices, is planning to launch a crypto-custody service in Hong Kong, local news outlet the South China Morning Post reports Sunday, July 22. The custody service, Fusang Vault, will hold digital assets for clients as well as provide periodic audits, according to the company’s CEO Henry Chong. The service’s launch is planned for the fourth quarter of 2018. Comparing digital assets to financial bonds, Chong noted the increasing need to provide an independent third party that would hold clients’ crypto assets, just like a demand for custodian bank services in conventiona
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Costa Rican Workers Can Be Legally Paid in Cryptocurrency – Bitcoin News

Costa Rican Workers Can Be Legally Paid in Cryptocurrency – Bitcoin News

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Please share if you find this article interesting. Costa Rican Workers Can Be Legally Paid in Cryptocurrency - Bitcoin News Economy & Regulation Employees in Costa Rica can receive part of their salary in cryptocurrency and that wouldn’t be against the law. Certain provisions in the national legislation allow companies to pay their workers not only with fiat money but also with goods, and some legal experts believe cryptos can fit in this category. Besides, Costa Rican laws provide for the use of commonly accepted assets as means of payment.    Also read: New BATM Supporting BTC, BCH Launches in Sofia Cryptos in Costa Rica Can Be Goods, Assets, Quasi-Money Workers in Costa Rica may soon start receiving a portion of their salary in cryptocurrency, local media reported. As far
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Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’

Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’

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Please share if you find this article interesting. Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’ The Bank of Canada (BoC) has published a study on the “incentive compatibility” of blockchain technology this week, finding that double spending is an “unrealistic” outcome. The new BoC study focuses on a proof-of-work (PoW) protocol for blockchain technology, modelling the behaviors of a “honest miner” and a “dishonest miner.” The Canadian bank’s researchers modelled a system to check whether a digital ledger like blockchain was immune to types of “cheating” such as double spending, when users change records in the ledger for their own gain. The study writes that the main innovation of a digital ledger technology like blockchain is to make the users within
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Some Crypto-Mining Operations Are Not What They Say They Are – Bitcoin News

Some Crypto-Mining Operations Are Not What They Say They Are – Bitcoin News

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Please share if you find this article interesting. Some Crypto-Mining Operations Are Not What They Say They Are - Bitcoin News Op-Ed Bitcoin and cryptocurrency mining has become a very competitive industry, and the amount of processing power hashing away to mine these digital assets is truly amazing. However over the years since the inception of GPU and ASIC mining, essentially when home mining turned into an industry, the cryptocurrency mining space has been riddled with fraudulent operations and people pretending to be massive mining facilities when they don’t even own a single miner. Also read: Altcoins Are Dying Phony Crypto-Mining Rigs & Massive Facilities: The Tale of Mining Vaporware If you know about cryptocurrencies then you surely have heard about mining and the me