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LedgerX Claims Ex-CFTC Chairman Stalled Approvals Due to Personal Bias

Cryptocurrency derivatives firm LedgerX alleges that former United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo obstructed the approval of its amended Derivatives Clearing Organization (DCO) registration because of personal bias against the firm’s CEO Paul Chou.As Industry news outlet Coindesk reported on Sept. 28, LedgerX made the

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Kik Shutting Down Popular Messaging App Due to ICO Legal Battle

Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik.The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app.70 reported layoffs at Kin subsidiary In a Sept. 23 article,

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Upbit Exchange Delists Privacy Coins Due to Money Laundering Concerns

South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins.Block the possibility of money launderingIn a Sept. 20 notice, UpBit announced that the exchange will delist and cease trading support for Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube

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Burundi Bans Cryptocurrency Trading Due to Lack of User Protection

The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks.As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to take action regarding cryptocurrency trading after they lost money while dealing with virtual currencies. The government subsequently

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Bitcoin’s Lightning Network Is Shriveling Due to Terrible Incentives – CCN Markets

Lightning Network payment channels on Bitcoin declined 23% in the past five months. Are the incentives there to make it a viable scaling solution? | Source: ShutterstockBy CCN Markets: Usage of Bitcoin’s Lightning Network underwent a sizeable decline in 2019. According to data from BitcoinVisuals, 23% of Lightning Network

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Libra Members Consider Quitting Project Due to Gov’t Pressure: Report

At least three of Facebook’s early backers for its planned Libra stablecoin launch are considering withdrawing their support in light of the fierce regulatory pushback.A report from the Financial Times on Aug. 23 alleges that two founding partners of Facebook’s Libra Association have held discussions about what their “right

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South Korea’s Crypto Firms Leave the Country Due to Tough Domestic Regulations

As reported by BusinessKorea, one of South Korea’s leading business news portal, a new trend of South Korean blockchain projects listing their crypto ventures on foreign exchanges has started to increase significantly in magnitude. Overseas exchanges have now started focusing on the Korean won market to attract more blockchain initiatives

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