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March 23, 2018 | By Tom Hart

Activists urge miners to switch off during ‘crypto hour’

A Russian environmentalist group is urging crypto miners to switch off their mining equipment for one hour on Saturday 24 March. The event is being billed as ‘Crypto Hour’. Mining for Bitcoins, along with other altcoins, uses a colossal amount of energy, worldwide. This makes Bitcoin and the wider cryptocurrency community a target for tree-huggers,…

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March 22, 2018 | By Tom Hart

Hacks cost Japanese crypto users $6M last year, police say

According to Japanese police, crypto hacks cost Japan a whopping $6 million in 2017 alone. $6.2 million, to be exact, was stolen from exchanges and wallets during the course of last year, new data reveals. Japan’s National Police Agency (NPA) today released its first annual report of crypto-theft statistics. The data demonstrates that at least…

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March 22, 2018 | By Tom Hart

UK government to launch crypto ‘task force’

Philip Hammond, UK Chancellor of the Exchequer, will today announce a government ‘crypto assets task force’, along with a range of other fintech initiatives. According to a statement from the office of the Treasury, Hammond plans to reveal the task force at the government’s second International Fintech Conference. The conference will include the Bank of England and…

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March 22, 2018 | By Tom Hart

Binance faces regulatory action amidst reports of hack

Binance, one of Japan’s top cryptocurrency exchanges, made headlines today after reports of a hack today surfaced on Twitter. Additionally, Japan’s Financial Services Agency (FSA) plans to order the company to stop operating in the country without a license, Bloomberg reports. According to reports, Binance has been expanding operations without permission from the governmental agency. This…

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March 21, 2018 | By Tom Hart

U.S. clampdown on cryptos continues

The U.S. government may start putting specific crypto wallet addresses on OFAC sanctions list in its latest crypto clampdown. The U.S. Treasury Department would be in charge of the list, if the plan goes ahead. It would publish cryptocurrency wallet addresses with whom it forbids citizens from doing business with. The names of the associated…

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March 20, 2018 | By Tom Hart

Are Ripple XRP futures Next Big Thing in crypto?

When Bitcoin futures launched, it was a big deal. The Winklevoss twins were on hand to ensure the announcement got all the attention it deserved and the internet was rife with news articles and speculation. XRP (Ripple’s native currency) futures, however, didn’t make as much of a splash. In fact, many aren’t even aware that…

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March 20, 2018 | By Tom Hart

G20 sets July deadline for crypto regulation

The G20 is calling for unified regulation on cryptocurrencies, CoinDesk reports. On Tuesday, following a G20 meeting in Buenos Aires, Argentina, it was revealed that the G20 plans on introducing an all-encompassing set of regulations for cryptocurrencies, after France, Germany, the US, and Japan pressed it to do so. Firm July deadline for crypto regulation…

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March 19, 2018 | By Tom Hart

Trump blocks Venezuelan ‘petro’ crypto

U.S. President Donald Trump on Friday signed an executive order against Venezuela’s controversial ‘petro’ cryptocurrency. Several U.S. government officials have for some time been vocal in their criticisms of the communist state’s government-approved coin, named the petro. Senators Bob Menendez and Marco Rubio, who ran for president in 2016, lead the crusade by penning letters to…

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March 16, 2018 | By Tom Hart

Cryptos debut in Congress Economic Report

A new report from Congress that dubs 2017 “the Year of Cryptocurrencies” calls for lawmakers and industry stakeholders to cooperate on the technology’s use. 2018 Joint Economic Report The 2018 Joint Economic Report – an assessment of the nation’s economic status and recommendations for the upcoming year – notably includes an entire section dedicated to cryptocurrencies and…

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