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South Korea: Crypto Exchange Coinnest Shutting down Operations

Coinnest, a leading South Korean exchange, and bitcoin trading venue have announced it’s closing shop due to challenging market conditions and other unfavorable factors that have hampered its continued growth, according to a press release by the firm on April 18, 2019. End of the Road for Coinnest As stated in its press release, South

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HTC-Backed $50 Million Proof of Capital Blockchain Venture Fund Launched

There are many cryptocurrencies – including bitcoin – that have grown tremendously in value over the years. As a result, there are blockchain and cryptocurrency-focused funds and firms that have emerged from the United States, or their respective countries. Now, a new $50 million blockchain venture fund is on the scene with a focus to

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Enterprise Ethereum Alliance Teams up with Major Firms to Launch Token Taxonomi Initiative

The Enterprise Ethereum Alliance (EEA) on April 17, 2019, announced the launch of a blockchain-neutral Token Taxonomy Initiative which will address the need for establishing universal and easy to comprehend definitions for digital tokens. EEA to Clear the Noise in the Cryptospace One of the major problems plaguing the embryonic cryptocurrency and blockhchain industry is

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Coinbase Expands Services to 11 New Countries Including India, Mexico, and South Korea

In a bid to boost the adoption of cryptocurrencies, Coinbase announced on April 17, 2019, that they have expanded their business operations to 11 more countries. More People, More Places There have been a lot of new changes at Coinbase. On April 11, 2019, they launched their Coinbase Visa debit card as a result of

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Accenture and GEB Partner to Use DLT For Employee Benefits Sector

A Forbes report published April 16, 2019, states that multinational management consulting giant Accenture has partnered with Generali Employee Benefits (GEB) to develop a robust blockchain solution for employee benefits sector. Blockchain to Streamline Employee Benefits IT firm Accenture has historically been one of the biggest believers of blockchain technology. Recently, the company teamed up

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FSA to Cryptocurrency Exchanges: Improve Your Cold Wallet Security Protocols

Japan Wallet Bitcoin Yes No Green Red

The Financial Services Agency (FSA) of Japan is mandating cryptocurrency exchanges in the country to enhance security features on their cold wallet storage, Reuters reports, April 16, 2019. This directive comes as security experts warn that internally-orchestrated exchange hacks are becoming a clear and present danger. FSA Urges Greater Security for Cold Wallet Storage According

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John Delaney: The U.S. Must Create a Dedicated Cybersecurity Unit

Man Standing at a Podium

John Delaney, a United States politician and business mogul looking to contest for the 2020 U.S. presidential seat, has buttressed the country’s need for a centralized and dedicated “Department of Cybersecurity,” as the nation remains a target to all kinds of cyber threats, according to a blog post on April 16, 2019. Delaney to Create

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Russian Lawmakers Approve Bill Seeking Increased Government Control on the Internet

Merging Blockchain and IoT: A Match Made in Heaven

A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic. Russia Tightens Grip on the Internet Internet censorship has become one of the burning social issues of late. Wikileaks editor Julian

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South Korean Firm Adopts 5G Blockchain Technology to Fight IoT Hacks

Shield of Interconnected Devices

There is a new tool in the fight against hacks as Korea Telecom (KT) has unveiled a new blockchain-based 5G network that masks the IP addresses of IoT device users, reported on April 16, 2019. Unhackable Technology has brought the world many great gifts such as better communication and the fast sharing of information. With

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Binance Burn Data Indicates Profit Increase

Furnace of Binance Tokens

Despite the ongoing bear market, Binance has seen an increase in its net profit according to their most recent burn data, released on April 16, 2019. Going Higher Even though the price of bitcoin has seen some stability over the last few weeks, the bear market is far from over, and this can be seen

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