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Algorand Expands Testnet Platform to Public Ahead of June Mainnet Release

Digital currency and transaction platform Algorand has released its public testnet to gather feedback on its product, the company confirmed in a press release on April 16.Algorand, the brainchild of Massachusetts Institute of Technology (MIT) professor Silvio Micali, seeks to build an app development platform for enterprises. The project

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Unocoin Reduces Staff by 50% Ahead of Indian Supreme Court Cryptocurrency Ruling

Indian cryptocurrency exchange Unocoin has fired half its staff, leaving the company with 14 workers, Indian daily news outlet The Economic Times reported on April 16.Citing regulatory uncertainty in the industry, Unocoin said it had made the decision prior to a Supreme Court hearing on cryptocurrency’s legal status in

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Rakuten Begins Registrations for Cryptocurrency Exchange Ahead of June Launch

Japanese internet giant Rakuten has begun letting prospective users of its Rakuten Wallet cryptocurrency exchange open accounts, Cointelegraph Japan reported on April 15.Rakuten, which plans to launch the exchange in June, now offers online registration for traders, all of whom need a Rakuten user ID and associated bank account

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US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11.21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency

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Cybersecurity Firm WISeKey Subsidiary Nets $7 Mln in Pre-STO Investment Ahead of Q2 Sale

A subsidiary of Swiss cybersecurity and blockchain firm WISeKey has raised $7 million in an pre-funding round prior to launching a security token offering (STO), the company confirmed in a press release on April 11.WISeCoin, which came into being in August last year, plans to conduct the STO in

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Cryptocurrency Payments for Electricity Bills: Looking Ahead

Cryptocurrency Payments for Electricity Bills: Looking Ahead February 9, 2019 by William Peaster This week, the energy arm of ConsenSys spinoff Grid+ angled toward cryptocurrency payments for electricity in two of Texas’s largest electric delivery service areas. Zooming out, the modest step forward forebodes a future where second-layer blockchain scaling solutions and

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