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Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving

Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving. According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot’s U.S.-based digital currency exchange” in order to focus on cryptocurrency mining as part of its updated strategic priorities for 2020. Following the announcement to shift its focus on Bitcoin mining, the company’s shares dropped more than 5%, trading at $1.40 at press time, according to CNBC data. Industry…

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Global Regulators Haven’t Properly Addressed Stablecoins

Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to better understand crypto, regulations and laws pertaining to stablecoins aren’t being implemented quickly enough, according to a global finance watchdog. In a letter to finance ministers and central bank governors from the G-20 meeting in Riyadh this week, Financial Stability Board (FSB) Chair Randal Quarles voiced his concerns regarding how quickly digital currencies are…

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United Nations Is Among New Entrants in Forbes’ 2nd Blockchain 50 List

Newly released Blockchain 50 list by major finance publication Forbes features some new entrants like major international association, the United Nations. Shortly after including six blockchain-focused firms into its Fintech 50 list last week, Forbes has released another compilation of 50 global enterprises actively embracing blockchain technology. Newcomers include the United Nations, China Construction Bank, Square and others Published on Feb. 19, the new Forbes’ Blockchain 50 list is the second release of its annual Blockchain 50, which was first introduced in April 2019. Similarly to last year’s edition, the…

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The Latest Cryptography Advances Set to Change Blockchain

Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for cryptocurrencies. Zero knowledge proofs: more than just privacy Director of research at blockchain firm Blockstream and mathematician Andrew Poelstra told Cointelegraph that zero-knowledge proof (ZK-Proof) systems are “one of the most exciting areas of development” in the cryptography space. This kind of cryptography is known and appreciated for being the basis of privacy-preserving…

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Paxos’ DLT Settlement Platform Is Live With Credit Suisse and Instinet

Paxos, a New York-regulated financial firm and the issuer of a USD-pegged stablecoin, has launched its blockchain-based settlement platform. After announcing Paxos Settlement Service in late 2019, Paxos Trust Company has launched the product to settle select United States-listed equity trades between the two broker-dealers, Swiss financial services firm Credit Suisse and Nomura Group-owned Instinet, according to a Feb. 20 announcement. Paxos to apply with the SEC for clearing agency registration later in 2020 As reported, Paxos Settlement Service is being launched under no-action relief from the U.S. major financial…

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Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs.  According to a press release published Feb. 20, It is mandatory for all financial and payment institutions licenced by the BCB to provide their 500,000 active customer accounts with the functionalities required to facilitate PIX transfers. The release states that transactions will be…

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Dutch Authorities Arrest Two Men for Alleged Crypto Money Laundering

The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested two men for allegedly laundering money with cryptocurrencies. According to a statement released by the International Revenue Service on Feb. 18, the two men were arrested on Feb. 17 in connection to two separate criminal investigations into money laundering using cryptocurrencies. Both investigations were led by the National Office for Serious Fraud, Environmental Crime and Asset Confiscation. The money trail One of the suspects was a 45-year-old man who is accused of laundering 2.1 million euros. He purportedly used large…

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Julian Assange Allegedly Offered Pardon for Denying Russian Hacking

A lawyer for Julian Assange spoke in court on Wednesday, claiming a former Republican congressman offered the WikiLeaks founder a presidential pardon. This clemency was to be in exchange for denying Russian involvement in the 2016 Democratic National Committee email hack.  Assange’s lawyer, Edward Fitzgerald, declared in the Westminster Magistrates’ Court on Feb. 19 that former congressman Dana Rohrabacher of California’s 48th district had spoken to his client on behalf of the U.S. President. The congressman offered to arrange a presidential pardon from Trump if he would “play ball” by…

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It Is Real and It Is Here

Every week sears a new image of climate change into our collective consciousness. A few decades ago, we heard about ozone holes and ice melting at slightly higher rates than anticipated. Today, the reminders of climate change are more visceral and immediate: California’s hills and forests burn, Venice’s city council chamber floods, and Iceland holds a funeral for a glacier.  The United Nations held a global Climate Summit at the end of September last year, though there were real disappointments — with the United States notable for its silence. Political…

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Ethereum Price Aims for $300 But M-Top Could Reverse the Trend

The recent Bitcoin (BTC) price correction inflicted double-digit losses on many altcoins and while Ether (ETH) also took a knock, it recovered quickly compared to the price action of other top-ten altcoins. Since dropping 17.67% to $237.62 on Feb. 16,  Ether has rallied 20.78% to $285.99, less than $5 away from its 2020 high at $289.26.  Currently, two of the three price targets discussed in previous analysis have been hit and now that the altcoin prepares to overtake it’s 2020 high, traders have likely set their sights on targets above…

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