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Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! A mysterious startup based out of Estonia has filed with the US Securities and Exchange Commission to inform the agency that it intends to raise nearly $200 million through an initial coin offering (ICO). According to public documents filed earlier this month, the firm — NewTech Myning OU — hopes to raise as much as $180 million by selling GoWeb tokens through Simple Agreements Read more …

The Reserve Bank of India (RBI) has responded to a query about why it moved to block banks from dealing with cryptocurrency businesses earlier this year – but the reply isn’t very telling. Shri Varun Sethi, who presents himself as a “blockchain lawyer,” requested clarifications from RBI under the country’s Right to Information Act. According to the answers provided, the decision didn’t result from any kind of special research or deliberation by the regulator. For example, officials aid “no” when asked Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The cryptocurrency market has slightly rebounded by about 2 percent, from $290 to $296 billion, as major cryptocurrencies like Bitcoin and Ethereum increased by 1 to 3 percent in value. Still, the market is demonstrating a bearish trend and shorts on exchanges like Bitfinex have surged by large margins over the past week. Bitcoin Shorts on Bitfinex: Chart From TradingView Bear Cycle Over the Read more …

Apple has moved to put a stop to any crypto-mining apps that might be used on its mobile products. In a recent update, the personal computing company expanded its initial guidelines on cryptocurrencies. Before, the guidelines specified apps facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws. Now, the guidelines specify more than that. In five bullet points, the guidelines run through Apple’s policy on wallets, mining, exchanges, ICOs, and rewards that Read more …

A Bitcoin trader in Los Angeles, California is facing prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business, NBC LA reported yesterday, June 11. Under her pseudonym the ‘Bitcoin Maven’, Theresa Tetley, 50, reportedly earned at least $300,000 annually from her black market business, which ran between 2014 and 2017 via a listing on localbitcoins.com. The U.S. Attorney’s Office has contended that the ‘Maven’ exchanged between $6 and $9.5 mln in the course of her operations. The Read more …

Wallets A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The company’s Keywallet Touch has an interesting design as it’s shaped like a credit card and utilizes NFC technology. The company says the device’s smart card chipset supports cryptocurrencies like bitcoin cash, ethereum, bitcoin core and litecoin, while also providing FIDO Universal 2nd Factor Authentication (U2F). Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet South Korean Firm Keypair Launches Keywallet Touch Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The London Block Exchange recently carried out a market research and found out one in eight women would consider investing in a cryptocurrency — almost 13%, compared to the 6% at the end of last year. The research also concluded those numbers rise when considering only millennials. Among this generation, one in five is likely to invest in a digital currency. This shows the Read more …

A United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission. To that end, the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) has just published a white paper – now available for public review – that studies the nascent technology to see if it offers benefits that could impact its work or that of businesses and organizations. With developing standards for trade facilitation and supply chain Read more …

Cryptocurrency mining outfit Argo Blockchain will likely become the first blockchain company to list on the London Stock Exchange (LSE), Business Insider reported June 11. After launching its subscription service for mining contracts the same day, the company says it plans to hold an IPO, following a $2.5 mln funding round it completed in January of this year. The LSE has generally remained a more traditional environment when it comes to blockchain offerings. While Coinsilium launched the UK’s first cryptocurrency-related Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Sheila Bair, a former chair of the Federal Deposit and Insurance Corporation in the U.S., thinks the U.S. Federal Reserve Bank should seriously consider issuing a digital currency to reduce the risk of a financial crisis and improve monetary policy. Writing in Yahoo Finance, she noted that market volatility continues to shake confidence in banking systems. The U.S. has experienced a subprime crisis in Read more …