Gab’s Crowdfunding Campaign Hopes to Raise $10M to Use Bitcoin and ‘Decentralize Dissent’

The free-speech maximalist website is decentralizing. In fact, it has just placed a bid to amass $10 million in crowdfunding. The platform aspires to get the entire amount in a Series A crowdfunding round in an attempt to decentralize its framework and fully leverage Lightning Network in its operations. The platform first hopes to revolutionize its current…

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G20 Leaders Reaffirm Position on Cryptocurrencies in Statement 9167

G20 leaders reaffirmed their previous stance towards cryptocurrencies in a declaration following the G20 Summit in Osaka on June 29 In the declaration, the G20 leaders state that cryptocurrencies do not currently constitute a threat to monetary stability, and that technological innovation can deliver significant benefit to the economy. The participants also welcome the ongoing work on those assets by…

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Major Korean Bank Clamps Down on Accounts Linked to Crypto Exchanges

One of South Korea’s biggest banks is planning to intensify regulations on accounts linked tocrypto exchanges, BEI News reported on July 1. The “special measures” Shinhan Bank are proposing would reportedly involve dedicating staff to analyzing account transactions. It is believed the bank is hoping to distance itself from claims that it is helping financial criminals, amid…

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Maker Foundation Publishes Milestones Roadmap as it Plans on Launching MCD on Mainnet

After years of thorough preparations, which included planning, securing partnerships, coding, legal compliance, and community building, Maker’s project is finally coming to a fruitful close. The Maker Foundation is finally readying itself for the launch of Multi-Collateral Dai on the Mainnet. The Foundation, excited about the whole achievement, published a blog post detailing the milestones roadmap that…

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There Are Now More Than 5,000 Bitcoin ATMs Around the World

The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. The data caps a protracted period of growth…

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North America’s Largest Solar Bitcoin Mining Farm Coming to California

California-based mining company Plouton Mining will build North America’s largest solar-powered bitcoin mining farm, the company confirmed in a press release on June 25. Plouton, which is a subsidiary of Plouton Group Holding, says the site in Western Mojave will feature around 49 acres of solar panels generating 10-13 megawatts of electricity daily. The location was chosen due to its high…

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JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019

The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected clients “around the end of the year” in case if relevant…

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Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reportson June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining…

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