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In his Reddit comments, Buterin added that the “tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I’ll
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Bike manufacturer Colnago plans to use blockchain technology to counter theft and counterfeiting.The Italian company will be the first bicycle manufacturer to link its products to a distributed ledger, according to an announcement Thursday.Blockchain technology will be used to provide customers with proof of validity and ownership to combat theft
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The U.S. Department of the Treasury has taken actions targeting cryptocurrency exchanges “responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware. One cryptocurrency exchange has already been sanctioned along with related crypto addresses. “We will continue to crack down on malicious actors,” said Treasury Secretary Janet
Read MoreMuch of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin offerings, and while the ICO framework quickly attracted
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Blockchain-enabled video network Theta has partnered with Chainlink to help push back on video advertising scams, the likes of which often pop up promoting “cryptocurrency giveaway” dupes. Announced on Friday, the solution to counter scam-ads uses video performance data from Theta’s network to assign a “reputation score” for each streamer based
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With each passing day, new data regarding the coronavirus pandemic is being brought to the public’s attention. From the number of cases in various regions to ever-changing safety procedures like wearing masks in public, COVID-19 data is clearly present, yet remains inconsistent.While a lack of accurate information may be
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Another Japanese lawmaker has publicly called for the swift development of the digital yen.The head of the banking and finance systems research commission at Japan's Liberal Democratic Party, Kozo Yamamoto, said today that the country should create a digital yen in two to three years.Reuters reported on Feb. 10
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As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival
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Participating members of the Kuala Lumpur Summit last week have proposed a united cryptocurrency for Muslim nations. The key idea behind such a digital asset would be to manage and administer financial resources without relying too much on the U.S. dollar.The Iranian president, Hassan Rouhani, speaking at the Kuala Lumpur
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According to the new release of ‘Outrageous Predictions’ by the banking fintech company Saxo Group, The United States dollar’s long-lived reign as the main reserve currency might soon meet its end, especially as China has started working on the creation of a new digital currency that is driven by blockchain
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