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March 27, 2018 | By Tom Hart

Reddit disables Bitcoin payments

Reddit has stopped accepting Bitcoin for its premium membership program, Reddit Gold. However, the feature may return to the social media platform in the future. Last week, a Reddit user noticed the could no longer use Bitcoin to gift other users Reddit Gold subscriptions. Reddit Gold subscriptions are a common way to commend a decent post. The…

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March 27, 2018 | By Tom Hart

Crypto crackdown: Twitter bans crypto & ICO ads

Twitter, the popular micro-blogging site, today went ahead with its previously rumored ban on cryptocurrency and ICO advertising. Facebook announced a similar ban in January and Google followed suit a couple of weeks ago, followed by Snapchat just last week. The ban includes all ads related to cryptocurrency exchanges and wallet services, with a notable…

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March 23, 2018 | By Tom Hart

Pablo Escobar’s brother launches ‘dietbitcoin’

Roberto Escobar, brother of deceased drug kingpin Pablo Escobar, launched dietbitcoin via an ICO. Escobar believes Bitcoin to be a scam perpetrated by the US government and, as such, is backing a hard fork of Bitcoin. The ICO pre-sale is in progress now. Escobar’s connection to dietbitcoin was today confirmed by a spokesperson for Escobar Inc.…

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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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