Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Major cryptocurrency exchange Bitfinex has unveiled its exchange utility token UNUS SED LEO, in a press release on May 17. The token will be useable for a variety of exchange-based activities and will begin trading on Bitfinex on May 20 against tether (USDT), bitcoin (BTC), ether (ETH), U.S. dollars and EOS pairs. The whitepaper for the project, published on May 10, describes LEO as…

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Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data verification tool —…

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Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15. Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting…

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Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term…

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Russian Prime Minister: If Bitcoin Popularity Falls, Blockchain Crypto Regulations No Longer Important

While most countries in the world are taking a step forward in the regulation of cryptocurrencies, Russia seems to want to take a step back, considering that these assets are losing popularity. The Russian Prime Minister, Dmitry Medvedev, said that for the government of the country the regulation of cryptocurrencies was no longer a priority, since these assets had lost…

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Blockchain Entrepreneur, Ontario Regulators Seek Settlement in Namedrop Scandal

The Ontario Securities Commission (OSC) along with blockchain corporation NextBlock Global Limited and its CEO Alex Tapscott, have filed for a public settlement hearing on May 9. Tapscott and NextBlock were previously accused by the OSC Staff of the Commission of misleading prospective investors during a funding round that reportedly “raised approximately $20 million from 113 accredited investors.” Investors were allegedly…

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Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8. In a Series A equity funding round, Data Gumbo ostensibly raised $6 million from companies such as Saudi Aramco Energy Ventures, the…

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Litecoin Foundation Partners With Blockchain Travel Project Travala To Increase Crypto Adoption

Blockchain-based hotel booking platform Travala.com has announced its partnership with Litecoin Foundation to accelerate the use of cryptocurrency payments. Through this partnership, customers will be able to save up to 40% on hotel bookings through Travala.com and Litecoin’s LoafWallet. Travala.com founder and CEO Matthew Luczynski said: “The consumer is in the driver seat when it comes to achieving mass-market cryptocurrency…

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Abra Wallet Partners with Plaid App to Introduce Cryptocurrency Withdrawals Across the USA

A week of success in Abra! The non-custodial wallet introduces real digital asset withdrawals and partners with Plaid, a fintech firm allowing bank withdrawals of cryptocurrencies. Abra Multi-Currency Wallet Now Supports Numerous United States Banks In a bid to keep rendering the best services to its clients, mobile bitcoin wallet and Investment app, Abra, has now…

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