Russian Smelting Giant Nornickel to Launch Digital Trading Platform by End of 2019

Russian mining and smelting giant Nornickel is planning to roll out a digital platform for metals trading by the end of 2019, local news outlet TASS reported on July 9. The vice-president of Nornickel, Andrey Bugrov told TASS that “the preparation process was quite lengthy, but nevertheless, we plan to bring this product [digitization of metal trading] to…

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Chinese Authorities Confiscate Thousands of Illegal Mining Units from Nearly Two Dozen Suspects

The Police in China on July 12 announced that it has confiscated 4000 cryptocurrency mining units that were deployed at nine factories across the country, without proper documentation from relevant authorities, which later resulted in the arrest of more than 21 suspects that have a direct or indirect link with the illegal mining activities. Illegal Mining The…

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Iran Plans to Allow Crypto Mining, Central Bank of Iran Governor Says

Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, international Iranian news agency PressTV reported on July 10. CBI governor Abdol Hemmati reportedly claimed that the Iranian government has approved some parts of an executive law that would authorize mining of cryptocurrencies such as Bitcoin (BTC) in Iran.…

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Props Announces First SEC-Approved Consumer-Facing Blockchain Token

Delaware-based blockchain organization Props PBC has released a token approved by the United States Securities and Exchange Commission under Regulation A+, according to a press release shared with Cointelegraph on June 11. According to the company, this is “the first consumer facing crypto token qualified by the SEC” via Reg A+. As previously reported, Reg A+ is an alternative…

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Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other countries. Bloomberg cites anonymous representatives…

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Local Cryptocurrency May Come to South Korea

The second most populated city in South Korea, Busan, may launch a local cryptocurrency. This information comes from ETnews, a publication on Korean tech news. Busan city officials are working in conjunction with BNK Busan Bank, which is part of BNK Financial Group. The goal is to develop a digital currency which is blockchain based.…

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Circle CEO Views Libra As Having “Massive” Impact On Crypto Awareness

CEO of Circle, Jeremy Allaire discussed the current activity taking place within the crypto sphere, with news outlet, Bloomberg’s Joe Weisenthal and Romaine Bostick on Friday, July 5, 2019. Some of the topics that the discussion was founded on include Facebook’s endeavor, Libra, how Libra is one of two different types of stablecoins and how Facebook’s move could potentially lead…

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Federal Judge Sentences Cryptocurrency Scammer to 86 Months in Prison

A scammer has been sentenced to 86 months in prison for running a cryptocurrency-related scheme, the United States Department of Justice (DoJ) reports on July 1 In addition to the 86-month prison sentence, United States District Judge Sandra J. Feuerstein ordered 44-year old New Jersey resident Blake Kantor to pay a total restitution of $806,405 distributed to the victims who invested in…

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Tether (USDT) Remains King Of Stablecoins Still

Tether, the controversial stable coin has somehow learned the art of survival, especially at times when most of the community is betting against it. The stable coin has been at the center of numerous controversies right from the time of its inception. First, it was the dubious claims over its US dollar reserves, then the…

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Dan Dolev Is Bullish On Jack Dorsey’s Undervalued Square Cash Payment App

It is rare when analysts that are used to watching Wall Street business appreciate crypto-based businesses. But we’ll take it when it comes. Dan Dolev of Instinet recently had some good words in favor of Jack Dorsey’s Square. Square markets several software and hardware payments products and has expanded into small business services. The company was founded in 2009…

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