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Chile Court of Appeals Orders Bank to Resume Business With Crypto Exchange

The Chilean Court of Appeals recently ruled in favor of crypto exchange Orionx, stating that the Chilean state-owned bank, Banco Estado should reopen the exchange’s account. The court accepted the appeal filed by Orionx against Banco Estado, who closed the company’s account in late March, citing a “lack of regulatory recognition of cryptocurrency trading” as its justification. Within the ruling …

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South Korea’s Financial Services Commission Announces Cryptocurrency Division

In a press release dated July 17th the Financial Services Commission (FSC), South Korea’s financial regulator, announced an organizational initiative to better protect consumers and leverage emerging financial technology in forming the Financial Innovation Bureaus: “Reorganize the Financial Services Commission to strengthen the financial consumer protection function and effectively respond to financial innovations resulting from the Fourth Industrial Revolution “ …

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Robinhood Adds Support for Litecoin, Bitcoin cash to its Zero-Fee Crypto Trading Platform

Robinhood, the popular financial services app, just recently added support for Litecoin and Bitcoin Cash for its Crypto Platform according to their July 12 blog post. They noted that they are planning to further expand their offerings as well as add support for coin transfers, meaning that you can potentially deposit cryptocurrency into their exchange to withdraw, reinvest into stocks …

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SEC & FINRA Provide Approval for Coinbase to List Security Tokens

According to Bloomberg, the cryptocurrency exchange and wallet provider Coinbase confirmed that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) approved a number of acquisitions for the company, enabling them to offer “security-tokens” on the platform and subjects the business to federal oversight. In early June, President and COO of Coinbase Asiff Hirji outlined …

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Schnorr: Potentially The Next Big Change to Bitcoin Since SegWit

Influential developer Pieter Wuille recently proposed a consensus change for a new signature type for bitcoin transactions called Schnorr to the Bitcoin Improvement Proposal (BIP) Github. The 64-byte Schnorr signatures would be used over the elliptic curve secp256k1 to sign transactions.   This upgrade would be the biggest to bitcoin since Segregated Witness (SegWit), though small upgrades occur everyday. It …

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Schnorr: Potentially The Next Big Change to Bitcoin Since SegWit

Influential developer Pieter Wuille recently proposed a consensus change for a new signature type for bitcoin transactions called Schnorr to the Bitcoin Improvement Proposal (BIP) Github. The 64-byte Schnorr signatures would be used over the elliptic curve secp256k1 to sign transactions. This upgrade would be the biggest to bitcoin since Segregated Witness (SegWit), though small upgrades occur every day. It …

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Crypto Takes the Hill: Regulators Discuss the Future of Money

Cryptocurrencies will once again take center stage on Capitol Hill this week. The US House of Representatives Financial Services Committee announced that it is hosting a hearing titled “The Future of Money: Digital Currency” on this Wednesday, July 18. The committee has not yet announced a full list of witnesses at the time of writing, but they have confirmed that …

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Apple Co-Founder Hopes Bitcoin Becomes Internet’s “Native Currency”

Apple co-founder Steve Wozniak is a believer in Bitcoin and blockchain technology, even though he has admitted that he is not invested. Wozniak was asked about comments made by Square and Twitter CEO Jack Dorsey, who stated that he hopes that bitcoin becomes the internet’s Native currency – Wozniak affirmed that he shares that hope on CNBC Monday, “I buy …

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Bitcoin Center NYC’s Satoshi Square – This Thursday at 7pm!

The Bitcoin Center’s iconic Satoshi Square meetup returns for the night of Thursday, June 7th 2018. Join us for an evening of speakers, cryptocurrency discussion, and peer-to-peer trading. Note: We will be holding this meetup on the first Thursday of each month from now on! The last event was shoulder-to-shoulder standing room only, so be sure to arrive early! We …

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Ripple Makes Plans to Allocate $50 Million Into Academic Research on Blockchain

According to an announcement, Ripple is creating the University Blockchain Research Initiative (UBRI) in a move to bolster academic research on blockchain technology. Ripple states that they are setting aside $50 million to fund the initiative, as well as provide their own expertise and technical expertise. Ripple aims to collaborate on Research and development that will “stimulate understanding and innovation” …

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