Maltese University Students Turn to Blockchain Voting App for Student Election
Mar30

Maltese University Students Turn to Blockchain Voting App for Student Election

Students at the University of Malta recently conducted an election to choose student representatives, using a blockchain decentralized application, Crowdfund Insider reports. The application was reportedly created at the school, and relied on technology solutions from Vodafone:

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Russian Authorities Break Up Illicit Bitcoin Mining Operation
Mar29

Russian Authorities Break Up Illicit Bitcoin Mining Operation

Russian police this week arrested ten people suspected of operating an illicit cryptocurrency mining operation that stole some 15 million rubles worth of electricity each month. Authorities also seized about 2 million rubles, 1,500 mining devices, smartphones, and 100 electrical meters that the suspects allegedly altered.

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Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement
Mar28

Coinbase, Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore Crypto Licensing Requirement

The Monetary Authority of Singapore (MAS) announced this week that dozens of companies have received temporary exemptions from the recently-enacted Payments Services Act’s new licensing requirements. Among those companies listed in the announcement are major cryptocurrency firms like Coinbase, Binance, and Gemini Trust.

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MT County Extends Zoning Regs for Crypto Mining
Mar27

MT County Extends Zoning Regs for Crypto Mining

In April 2019, the Missoula County Board of Commissioners adopted new interim zoning regulations designed to address issues related to cryptocurrency mining in the country. In a unanimous decision, the board voted on Thursday to extend those regulations for another year beyond their original expiration date of April 3, 2020.

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Coin Metrics Closes $6M Series A Funding Round
Mar26

Coin Metrics Closes $6M Series A Funding Round

Boston blockchain analytics company Coin Metrics has completed a $6 million Series A funding round, according to a March 26 report from The Block. The successful round was led by Highland Capital Partners and several other investors, including Coinbase, Fidelity, Dragonfly Capital, and Digital Currency Group.

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Court Injunction Blocks Telegram’s Issuance of GRAM Tokens
Mar25

Court Injunction Blocks Telegram’s Issuance of GRAM Tokens

A New York federal judge has issued a preliminary injunction barring Telegram from issuing and distributing its GRAM digital tokens, the Block reports. The Court, applying the Howey test, determined that the distribution would violate the nation’s securities laws.

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Italian Red Cross Sets New BTC Fundraising Goal for Covid-19 Emergency Ops
Mar23

Italian Red Cross Sets New BTC Fundraising Goal for Covid-19 Emergency Ops

After successfully completing a bitcoin fundraising effort to finance a pre-triage post to aid in the fight against Covid-19, the Italian Red Cross has now set a new fundraising goal. This time, the charity is seeking roughly $26,000 in donations to fund its purchase of vital equipment for its coronavirus battle.

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Official: Russian Digital Asset Bill May Include Ban on Cryptocurrency Activities
Mar22

Official: Russian Digital Asset Bill May Include Ban on Cryptocurrency Activities

In a recent interview with Russian news agency Interfax, Bank of Russia legal department director Alexei Guznov addressed his nation’s efforts to complete legislation on digital financial assets. According to him, officials have largely reached a consensus that could result in a ban on cryptocurrency issuance and transactions inside Russia.

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EY Japan to Launch Blockchain Solution for Sake
Mar21

EY Japan to Launch Blockchain Solution for Sake

EY Japan has plans to launch a new blockchain-based tracking system called Sake Blockchain, Nikkei Asian Review reports. The system will allow data-sharing of information that can help sake producers more effectively authenticate their products and counter rival counterfeit offerings.

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SEC Moves to Halt Alleged Cryptocurrency Scam
Mar20

SEC Moves to Halt Alleged Cryptocurrency Scam

The U.S. Securities and Exchange Commission announced Friday that it has halted an alleged cryptocurrency scam and frozen related assets. In a press release, the commission confirmed that one of the accused fraudsters is a former Washington state senator, David Schmidt.

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Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System
Mar19

Argentine Regulator Approves Expansion of Blockchain Gas Distribution Tracking System

Argentinian natural gas regulators have approved an expansion of the blockchain-based Gasnet network to cover the entire nation. The system has previously been used by Gasnor, a local distributor which used Gasnet to track gas distribution to roughly 2 million people in Argentina.

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Bakkt Announces Completion of $300 Million Funding Round
Mar17

Bakkt Announces Completion of $300 Million Funding Round

Bakkt announced the completion of a $300 million Series B funding round, in a blog post on Monday. Investors include Intercontinental Exchange, Boston Consulting Group, PayU, Pantera Capital, CMT Digital, Goldfinch Partners, and Microsoft’s M12.

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Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns
Mar16

Organizers Postpone Japan’s Largest Blockchain Summit, Citing Covid-19 Concerns

Organizers for the TEAMZ Blockchain Summit have officially announced that they are postponing the event until September 28, due to concerns about the coronavirus. The event is the largest blockchain-related gathering in Japan and was originally scheduled to begin in April.

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Italian Red Cross Turns to Bitcoin Donations to Fund Pre-Triage Medical Post
Mar15

Italian Red Cross Turns to Bitcoin Donations to Fund Pre-Triage Medical Post

The Italian Red Cross recently completed a Bitcoin donation campaign designed to raise money for a new pre-triage advanced medical post to help in the battle against the coronavirus. The Red Cross set up the campaign in partnership with the Colli Albani Committee, using the Helperbit donation platform for natural disaster management.

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Washington Federal Judge Rules in Favor of County in Electricity Rate Dispute with Cryptocurrency Miners
Mar14

Washington Federal Judge Rules in Favor of County in Electricity Rate Dispute with Cryptocurrency Miners

A federal judge in Washington has rejected cryptocurrency miners’ claims that Grant County’s new electricity rates for emerging industries violated their rights and federal law. In the ruling, Eastern District of Washington District Court Judge Rosanna Peterson determined that the plaintiff miners failed to show that Grant County violated any provisions of the Federal Power Act.

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NY Demands that Cryptocurrency Firms Provide Coronavirus Preparedness Plans
Mar13

NY Demands that Cryptocurrency Firms Provide Coronavirus Preparedness Plans

On March 10, the New York State Department of Financial Services issued guidance directing digital currency firms to provide the government with their coronavirus (COVID-19) preparedness plans. According to DFS, the move was necessary to ensure that companies have plans in place to deal with any financial or operational risks related to the virus outbreak.

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Bitcoin Price Tumbles as Coronavirus-Related Economic Fears Mount
Mar12

Bitcoin Price Tumbles as Coronavirus-Related Economic Fears Mount

Cryptocurrency markets continued to slide lower on Thursday, with Bitcoin’s price falling to roughly $5,705 before recovering to a little over $6,100 in the early afternoon, Bloomberg reports. That drop of about 23% took place amid a continuing slide in global stock markets, and just one day after the World Health Organization declared the coronavirus a global pandemic.

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Japan’s FSA Launches Blockchain Governance Initiative
Mar10

Japan’s FSA Launches Blockchain Governance Initiative

Japan’s Financial Services Agency has reportedly launched a new global network called the Blockchain Governance Initiative Network (BGIN), which will focus on providing an open environment for blockchain stakeholders to facilitate “sustainable development” of the blockchain industry and community.

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Cryptocurrency Markets Drop $23B as Oil Price Crash Sends Traditional Markets Reeling
Mar09

Cryptocurrency Markets Drop $23B as Oil Price Crash Sends Traditional Markets Reeling

After Russia’s announcement that it would not join other oil producers’ proposed output reduction, the markets tumbled into a freefall on Monday. Crude oil futures, stocks, and bond yields all fell dramatically, Business Insider reports. As that widespread sell-off was occurring, the cryptocurrency market responded by dropping $23 billion in value.

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Experts at MIT Bitcoin Expo 2020: Blockchain Not Yet ‘Clear Choice’ for CBDCs
Mar08

Experts at MIT Bitcoin Expo 2020: Blockchain Not Yet ‘Clear Choice’ for CBDCs

While arguing that central bank digital currencies can improve the global financial system, three experts at Saturday’s MIT Bitcoin Expo 2020 suggested that it’s not yet clear that blockchain technology is the best option for digitizing central bank-issued currency, The Block reports. According to those experts, cryptocurrencies have certain drawbacks that would need to overcome to make them the clear choice.

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