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Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits – Bitcoin News

Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits – Bitcoin News

BITCOIN
Please share if you find this article interesting. Danske Bank's Alleged Money Laundering Now Totals $234 Billion, CEO Quits - Bitcoin News News The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals From $150B to $234B Denmark’s largest bank released the report detailing the results of its internal investigation into the money laundering allegations involving its Estonian branch on Wednesday. Prior to this release, $150 billion allegedly flowed through Danske Bank’s
CryptoGirl
Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen – Bitcoin News

Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen – Bitcoin News

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Please share if you find this article interesting. Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen - Bitcoin News Exchanges Japanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Zaif Hacked Japanese crypto exchange Zaif has been hacked, its operator announced on Wednesday, Sept. 19. Tech Bureau Inc., which operates Zaif, explained that the exchange “detected server abnormality” on Monday and immediately suspended seve
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Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Messaging Giant LINE Unveils Ambitious Plan for Crypto Token Ecosystem LINE, the messaging app giant from Japan, has unveiled plans that will see it launch an ambitious, token-powered ecosystem by the end of 2018. Aimed at capitalizing on the company's big user base – LINE claims to have more than 160 million monthly active users – the plan is centered around its previously announced LINK token. Supported by a $10 million venture fund and a newly-launched cryptocurrency exchange, LINE has already said that its initiative will focus heavily on the development of decentralized apps, or dApps, that are tied to the LINK blockchain. The plan, as a whole, represents one of the more notable enterprise-level efforts of 2018 to apply bloc
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Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading – Bitcoin News

Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading – Bitcoin News

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Please share if you find this article interesting. Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading - Bitcoin News Economy & Regulation Russia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless of what the law says about it. Also read: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub Report: Revamped Law on Digital Assets Drops ‘Cryptocurrency’ The Russian crypto regulatory framework has been delayed for months. In May, three bi
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Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000

Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000

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Please share if you find this article interesting. Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000 Bitcoin Core has released an update following the recent detection of a vulnerability in the software, according to a September 18 press release by the Bitcoin Core Project. According to the statement, Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability. The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to the press release, such blocks can be only created by a miner since they are invalid. In order to create such block, a miner would be required to burn a block of “at least”
CryptoGirl
Credit Card Cartels Landed With $6.2 Billion Bill – Bitcoin News

Credit Card Cartels Landed With $6.2 Billion Bill – Bitcoin News

BITCOIN
Please share if you find this article interesting. Credit Card Cartels Landed With $6.2 Billion Bill - Bitcoin News Finance Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: Is Bitcoin Cash Fiat Currency? Visa and Mastercard Cop to Running a Card Cartel Millions of Visa and Mastercard customers enjoy a love-hate relationship with their credit card provider. While the ability to buy goods on credit is undoubtedly convenient, the hidden charges, sporadic service interruptions,
CryptoGirl
New York University Offers Major in Blockchain Technology

New York University Offers Major in Blockchain Technology

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Please share if you find this article interesting. New York University Offers Major in Blockchain Technology New York University (NYU) has reportedly become the “first” university in the U.S. to offer students a major in blockchain technology, CBS New York reported September 18. The program will reportedly be provided by the NYU Stern School of Business, which was also a pioneer in offering undergraduate courses in cryptocurrencies and blockchain. Professor Andrew Hinkes commented on the new program: “We hope to establish a groundwork so that the students can understand what’s really happening under the hood, so that they can understand both the legal and the business implications, and prepare them to go out and tackle this new market.” According to associate professor Kathleen
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R3 Partners With Dutch Tech Company to Pilot Blockchain-Based Digital IDs

R3 Partners With Dutch Tech Company to Pilot Blockchain-Based Digital IDs

BITCOIN
Please share if you find this article interesting. R3 Partners With Dutch Tech Company to Pilot Blockchain-Based Digital IDs Blockchain consortium R3 has deployed a digital ID application developed by Dutch digital security company Gemalto on the latest version of the Corda Platform, according to an announcement published September 18. Corda is an open-source blockchain-powered platform developed for financial establishments by R3 in collaboration with more than 200 of its partners. The platform is geared to work within finance to operate massive transactional volumes and restrict access to transaction data. The parties expect to conduct several pilots of the application — called the Trust ID Network —  that will reportedly be launched later this year. Per the announcement, Trust
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EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October

EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October

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Please share if you find this article interesting. EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October Software giant Microsoft has requested European Union (E.U.) approval of its $7.5 billion acquisition of web-based hosting service GitHub, Reuters reported September 17. According to Reuters, Microsoft filed the request last Friday, and the decision will be made by October 19. GitHub is an open-source coding website, a repository which hosts developers’ source code projects in a number of different programming languages and keeps track of any changes made. In 2017, the GitHub community reportedly reached 24 million developers, working with 67 million repositories. With the acquisition, the company is looking to strengthen its cloud computing arm aga
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Brazil Banks

Brazil Banks

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Please share if you find this article interesting. Brazil Banks News Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions shutting down accounts of brokers trading cryptocurrency without merit. Also read: Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries Banks Probe To Fish Out Monopolistic Practices The Administrative Council for Economic Defense (CADE) said on September 18 that it had started a probe of six of Brazil’s biggest banks for alleged malpractice in the trade of cryptocurrencies. According to a report by Reuters, th