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bitcoin, cryptocurrency, japan, korea, markets, regulation, south korea -

South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of a virtual currency taskforce: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely [to] benchmark the model [against that] of the State of New York that gives a selective permission.” BitLicense is a license to operate a virtual...

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9000, bitcoin, btc, bullish, bullrun, futures, struggles -

After a week of robust gains in the cryptocurrency market, the No.1 digital asset, bitcoin, has run into resistance as industry headwinds put its recent rally in jeopardy. “Bitcoin seems to be facing difficulties in moving beyond $9,000. The increase in mining complexity and the peak output of new capacities to the market at the end of 2017 have led to miners facing several issues after price correction,” FX Pro said in a morning report Tuesday. The price of a single bitcoin BTCUSD reached an overnight high of $8,973.12 but have since retraced to a session low of $8,370.48, according to CoinDesk....

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agreement, agrello, ai, contract, dlt, kyc, legal, polymath, security, smart, smart contract, token -

Polymath is pleased to announce our exploratory collaboration with Agrello (DLT), an Estonian legal technology company offering blockchain-based smart agreement solutions. Agrello’s blockchain-based smart agreement solutions represent state-of-the-art KYC, ID, and digital signature services. Issuers and investors on the Polymath platform could execute agreements with Agrello’s legally binding smart contracts. “A partnership with Polymath will allow us to showcase Agrello’s cutting-edge KYC and digital signature services in the highly regulated financial industry,” said Agrello CEO and Co-Founder, Hando Rand. Agrello digital contracts could change how people interact with each other, as well as legal authorities. The team shares our vision...

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advertise, advertising, bitcoin, crypto, cryptocurrency, cryptojacking, hack, hacked, hackers, mining -

You’ve heard of online pop-up ads secretly mining Bitcoin on unsuspecting users’ computers but what about digital campaigns targeting high street shoppers? According to Terence Eden’s Blog, one of the large digital advertising displays that are common fixtures in big cities these days was hacked. Rather than displaying some commercial message from a global megabrand, the machine showed what was obviously a Windows operating system with a window labelled “NiceHash Miner Legacy” – a Bitcoin mining program designed for older machines. According to pictures from the website that reported the compromised machine, the digital advertising display is mining with a hash-rate of zero....

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bitcoin, bullish, crypto, cryptocurrency, future, jpmorgan -

JPMorgan’s mixed signals on bitcoin persist. The top US bank based on assets has released what’s been dubbed a “Bitcoin Bible” for investors, conceding that cryptocurrencies aren’t going away while simultaneously warning investors about a looming 50% or so drop in the BTC price. Meanwhile, JPMorgan’s CEO Jamie Dimon, whose distaste-turned-disinterest in bitcoin made headlines for months, hopefully ok’d the resources to create the bitcoin manual. Otherwise, someone’s job could be on the line. The bitcoin bible, which is comprised of 71-pages of crypto, covers topics ranging from the technology of bitcoin to its use cases, not to mention the hurdles that it faces. Meanwhile,...

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crypto, cryptocurrency, exchange, fiat, korea, launch, new, south korea -

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Exchanges Undeterred by Regulations South Korean regulator talking about the real-name system. A number of new cryptocurrency exchanges are opening in South Korea despite regulatory uncertainty and the inability to accept fiat deposits. The challenge comes from the new system, enforced on January 30, which requires cryptocurrency traders to use real-name accounts to deposit money...

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art, blockchain, crypto, future, technology, world -

Innovations in technology have always resulted in changes in the way art is created and presented. Woven canvas resulted in mobile paintings, photography allowed for abstract compositions, electric light brought new ideas in color theory and now Blockchain technology is inspiring digital works. Art and technological innovation are inseparable As industry begins to implement Blockchain ledger technology to make business run more efficiently artists are examining the physical, monetary and theoretical aspects of art in the digital world. In December of 2017 Distributed Gallery launched what they called The Ready Made token. Hosted on the Ethereum network this unique unit of cryptocurrency advertised as being designed by...

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armenia, crypto, cryptocurrency, legalize, mining, russia, tax -

Armenia may soon follow in the footsteps of countries like Belarus in regards to crypto regulation. Newly proposed legislation provides the basis for legalizing and regulating cryptocurrency mining in the country. Tax exemptions and other incentives will be offered to miners. If the draft law is adopted, businesses will be able to operate mining facilities without any licensing. This will indirectly legalize cryptocurrency transactions.    Time to Move with the Times The bill to regulate the mining of cryptocurrencies like bitcoin has been introduced in the parliament in Yerevan. If Armenian lawmakers vote for the new legislation, their country will...

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ceo, crypto, cryptocurrency, mining, nvidia -

"Crypto is a real thing — it’s not going to go away." So says Jen-Hsun Huang, chief executive of graphics card maker Nvidia, which yesterday posted its fourth-quarter results for 2017. The company said on an earnings call Thursday that demand from cryptocurrency miners for its product beat expectations but that overall, that market segment remains a small one. Speaking with Barron's in an interview, Huang echoed that sentiment, remarking that "clearly, there's a lot of talk about crypto." Indeed, much has been said about demand for the firm's products (gripes from the gaming community about sky-high prices for GPUs notwithstanding) and the long-term...

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crime, crypto, cyber, russia -

Russian National Arrested For Cyber Crime In Bangkok, Allegedly Had $8.2 Mln in BTC NEWS Police have apprehended a Russian citizen believed to be the number two in an international cybercrime organization, the Bangkok Post reported. Sergey Sergeyevich Medvedev was arrested in Bangkok last Friday, Feb. 2, by the Thai Crime Suppression Division (CSD) on a request from the US Federal Bureau of Investigation. A laptop and documents were taken as evidence by the CSD. A source told The Bangkok post that evidence showed that Medvedev had over 100,000 Bitcoin (BTC) at the time of his arrest, approximately $8.2 mln....

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