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Chinese central bank declares Initial Coin Offering illegal
The Bitcoin price fell heavily after China’s central bank said Initial Coin Offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said that it had completed investigations into Initial Coin Offerings (ICOs), and will [...]
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Cryptocurrency transactions to break $1 trillion barrier this year
A new study from has found that the value of cryptocurrency transactions is expected to surpass $1 trillion in 2017, more than 15 times the level in 2016. The new research states that transaction values in H1 2017 surpassed $325 billion, driven by the dramatic increase in Ethereum’s price which saw it account for two-thirds of [...]
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Six global banks join to create Utility settlement coin a blockchain based digital currency
In competition with R3 and Swifts blockchain initiative, six of the world’s biggest banks have joined a project to create a new form of digital currency that they hope to launch next year for clearing and settling financial transactions over blockchain. Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have [...]
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Bitcoin surges to new high of over $4,500
Defying its naysayers once again, Bitcoin’s price surged above $4,500 for the first time late last week to reach a market value of $73.6 billion. While the cryptocurrency has since pared some of its gains, falling back to $4,453 , it’s risen by about $1,000 in the past nine days from its 20% crash in June. The currency’s total market value [...]
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Bitcoin digital currency splits in two: Bitcoin and Bitcoin cash
Today, the cryptocurrency, Bitcoin, split in two as a ‘breakaway’ group of Bitcoin miners and developers plan to create the new Bitcoin cash network that increases the transaction capacity of Bitcoin. Currently, the Bitcoin network has a limit of 1mb block of transactions every ten minutes, with a plan to scale Bitcoin by evolving it [...]
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