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FOMO 3D Possibly Was Copied by Chinese Crime Syndicate

FOMO 3D Possibly Was Copied by Chinese Crime Syndicate

Since July, products resembling Ponzi schemes, a fraudulent form of investment promising high returns for little cost, have topped the charts among decentralized applications (dapps) running on the world’s second-largest blockchain, outpacing even the popular CryptoKitties. But if user counts and transaction volumes observed on these applications are high, so too is the level of...

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Ripple Endorses ‘Preferred’ Crypto Exchanges for XRP Payments

Ripple Endorses ‘Preferred’ Crypto Exchanges for XRP Payments

Distributed ledger startup Ripple has endorsed three cryptocurrency exchanges as its “preferred partners” for transacting with its xRapid payments service, which uses the cryptocurrency XRP. Announced Thursday, Bittrex, Bitso and Coins.ph will now serve as Ripple’s “preferred digital asset exchanges” as part of its efforts to build out the XRP ecosystem. Cory Johnson, Ripple’s chief...

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Huobi Exchange Brings in Partners to Launch New Digital Trading Platforms

Huobi Exchange Brings in Partners to Launch New Digital Trading Platforms

Huobi Group, operator of the world’s third largest cryptocurrency exchange by daily trading volume, has chosen five partners to open their own platforms through its Huobi Cloud in new markets even as the world’s major digital currencies are caught in a slump. “Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for...

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Nebulas Project Founders: We Will Wait 10 Years for Crypto Paydays

Nebulas Project Founders: We Will Wait 10 Years for Crypto Paydays

In an industry that’s become synonymous with fast cash, patience can be a rare commodity.That makes a little-discussed announcement last week by the Nebulas project, powered by the top 100 cryptocurrency NAS, all the more remarkable. The team behind the protocol, today valued at $64 million, will now voluntarily wait a decade before they can...

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Tencent Deep Web Reporter Declares FCoin Exchange Dead

Tencent Deep Web Reporter Declares FCoin Exchange Dead

FCoin, a new cryptocurrency exchange that saw spiking trading volume due to its controversial revenue model, was accused of a “Ponzi”scheme and was declared “dead” by Tencent Deep Web, a famous Chinese tech-news platform. In his report, Zhangfan described Fcoin as an exchange with a lack of fairness and that people figured out that their...

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Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners by September

Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners by September

China’s Xinjiang Uyghur Autonomous Region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by Xinjiang’s Economic and Information Commission (EIC) indicating the authority was demanding that local utility...

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70 Million USD from the ICO before Last September -How Does Tron Spend It?

70 Million USD from the ICO before Last September -How Does Tron Spend It?

Chinese regulators brought the boom down on ICOs last September, driving scores of token issuers to Hong Kong and Japan. Tron is one of several coin issuers that’s thriving and investing with the money they’ve raised. Justin Sun Yuchen, the 28-year-old founder of Tron Foundation, has just moved into a new office in Beijing’s tech...

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A Massive Losing Bet on Bitcoin Futures Has Investors Buzzing

A Massive Losing Bet on Bitcoin Futures Has Investors Buzzing

A huge wrong-way bet on Bitcoin has left an unidentified futures trader unable to cover their losses, putting counter parties at risk and threatening to dent confidence in one of the world’s largest cryptocurrency venues. The more than $400 million long position in Bitcoin futures was amassed on OKEx, a Hong Kong-based exchange that’s ranked No....

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Canaan Creative Launches World’s First Bitcoin Mining TV Set

Canaan Creative Launches World’s First Bitcoin Mining TV Set

Canaan Creative, the world’s second biggest maker of bitcoin mining rigs, is betting there will be demand for what it bills as the world’s first bitcoin mining TV set. Called AvalonMiner Inside, the TV set has a processing power of 2.8 trillion hashes per second. Its most powerful mining machine can process 11 trillion hashes per...

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