Bitcoin’s 40+ Struggling Hard Forks Show Industry Has ‘Moved On’

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Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins. Bitcoin’s ‘Moved On’ From Hard Forks Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.” All coming after the network’s first

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Crack This Puzzle and Win One Bitcoin

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A Reddit user with the username Cryptogreetings put up a puzzle on the platform offering one BTC to anyone who can solve it. Redditors have thronged the thread trying to crack the code and win the prize. The post is currently one of the trending topics on the Bitcoin subreddit. Details of the Puzzle The puzzle is an image with words, numbers, the Bitcoin logo, and other symbols. Within the image are possible clues. Most

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‘Game-Changer’: Institutional-Trader Crypto Exchange LMAX Opens in the UK

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UK financial platform LMAX has suddenly entered cryptocurrency with the launch of a new exchange solely for institutional investors. CEO: Crypto ‘Coming Of Age’ According to a press release May 21, eight-year-old LMAX, which is regulated by the UK’s Financial Conduct Authority (FCA), is seeking to “further legitimize” cryptocurrency’s reputation in traditional investment circles. “The rise of institutional trading of cryptocurrencies will be a game-changer for the industry… Digital currencies are, without a doubt, coming

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New Study: 20% of ICOs Are Scams, But Investors Aren’t Fazed

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Initial Coin Offerings (ICOs) have become the hottest way of raising capital, but at least one in five has turned out to be a scam, according to a new study. 1 in 5 ICO Projects are Scams The number of Initial Coin Offerings (ICOs) has gone through the roof throughout the last year as their underpinned technology, the blockchain, received mass media exposure and starts to see widespread adoption. Yet, being comparatively easy means of

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Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading

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Louis Ong, a Vancouver-based bitcoin trader, has been sentenced to 20 days in a U.S jail for unlicensed cryptocurrency trading. Ong was apprehended as part of a sting operation by Federal agents. Apart from jail time, Ong must also forfeit about $1.1 million worth of bitcoin and cash. The Sting Operation Ong first appeared on the Department of Homeland Security’s (DHS) radar in 2016 after he posted an online ad about his bitcoin trading business.

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X Genomics Unlocks Life Sciences Putting Big Human Genetic Data on the Blockchain

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Singapore, 20 May 2018 – X Genomics, a startup bringing some of the world’s most experienced genome specialists to build the world’s largest genetic data chain powered by the blockchain, announces the X Genomics Human Variant Genome Project. The project will enable human genome data to be publicly accessible and ready for sharing while protecting the security and privacy of the data owner by using a blockchain-based decentralized genome data storage. Human genome sequencing is

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Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR

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Parity, the wallet and blockchain provider, is shutting down its PICOPS platform effective May 24, 2018, due to complications stemming from the new EU GDPR guidelines. The company announced the decision in a blog post on its website on May 18. PICOPS: The Latest Casualty of the New EU GDPR The General Data Protection Law (GDPR) of the EU is causing problems for blockchain and cryptocurrency. Part of the fundamental principle of the blockchain is

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Tixico Readies for Impending ICO Pre-Sale – New Event Ticketing Platform Based On The Blockchain Instantly Adds A New Paradigm To The Event Ticketing Industry

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Tixico is an innovative event management ecosystem which turns tickets into a virtual asset and offers support to event organizers to fund their events. It is unique in all the world as it brings blockchain technology into the event ticketing industry. Blockchain Technology and smart contracts have found their way into almost every sector of every industry. It was only a matter of time before some forward-thinking company would introduce cryptocurrency and the blockchain into

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BANKEX Smart Justice is Bringing Arbitration to Blockchain

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The Smart Justice service is an innovative and community-driven way to resolve disputes in the crypto industry. Top-50 FinTech company, BANKEX, launched the beta version of its service on the 14th of May as a way to introduce complete partiality during these disputes. There is no doubt that blockchain technology has the potential to drastically change our lives.  It offers security, immutability and a high level of transparency.  It also an essential part of creating a

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More Crypto Exchanges Set up Shop in India Despite RBI Ban

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Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. However, just two days after the proclamation, CoinDCX announced that it was beginning operations in the country. The platform will even provide trade tracking services for Indians in rupees.

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