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Facebook’s David Marcus Quits Coinbase to Avoid ‘Appearance’ of Conflict of Interest

Facebook blockchain head David Marcus announced he was quitting his position on the board of U.S. cryptocurrency exchange Coinbase Friday, August 10, in a statement seen by various media outlets. Marcus, who joined the exchange’s board in…
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Bitcoin Dominance Rate Hits 50% For First Time in 2018

Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization. Shortly past 03:00 UTC on August 11, CoinMarketCap’s bitcoin dominance rate – an indicator that tracks the percent of the total cryptocurrency market…
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Cryptocurrency is Still in Its Wild West Phase, Says Gem App CEO

While the cryptocurrency market saw a breathtaking run-up in 2017, with the number of cryptocurrency proponents experiencing a similar increase, many consumers are still skeptics of this nascent industry. “The Cryptocurrency Space Is In…
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$2.5 Million Losses in Crypto-Related Scams Reported This Summer

British police have warned the public about fraudulent investment schemes involving cryptocurrencies, the volume of which has led to 2 million pounds ($2.55 million) worth of losses this summer, according to an announcement published August…
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Thai Police Arrest Suspect in $24 Million Bitcoin Scam

Thai police have detained 27-year old actor Jiratpisit “Boom” Jaravijit in an alleged $24 million cryptocurrency scam, Bangkok Post reported August 9. Jiratpisit is reportedly one of the seven suspects in the alleged crime, including his…
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Investors ‘Overreacting’ to ETF Delay, Should Focus on Bullish News

Pantera Capital CEO Dan Morehead claimed that crypto markets are reflecting some overreaction from investors recently, in comments to CNBC August 8. Speaking in an interview on CNBC’s “Fast Money,” Morehead suggested that investors have…
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UK Financial Regulator Sounds Alarm Over Yet Another Crypto ‘Clone Firm’

UK regulator the Financial Conduct Authority (FCA) has issued a second warning in a week Wednesday, August 8, over crypto-related “fraudsters” claiming to be an FCA authorized firm. According to the FCA, the rogue firm, Good Crypto, was…
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Crypto Exchange Bittrex Expands Adds Ethereum Classic and XRP Trading Pairs

Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies, according to an official announcement published August 8. Per the announcement, Bittrex is looking…
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Microsoft Introduces Ethereum Proof-of-Authority Algorithm on Azure

Microsoft’s cloud platform Azure has introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, according to a blog post Aug. 7. The new Ethereum network algorithm will reportedly allow a “more efficient”…
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Ukraine Electoral Commission Uses NEM Blockchain for Voting Trial

A member of Ukraine’s Electoral Commission revealed in an Aug. 7 Facebook post that they are working with NEM on a blockchain voting pilot. Oleksandr Stelmakh, head of the State Register at the Central Electoral Commission of Ukraine, appeared…