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Former Apple Exec Joins Civic's Decentralized Identity Platform
Blockchain startup Civic has hired Apple veteran Phillip Shoemaker as executive director of Identity.com.
PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months
U.S. dollar-backed stablecoin Paxos Standard has exceeded $5 billion worth of transaction volumes, according to a press release shared with Cointelegraph Dec. 13.
France: Gov't Report Recommends $570 Million Blockchain Investment
French political deputies want to spend €500 million on state-level blockchain deployments over the next three years, local daily news outlet Les Echos reported Dec. 12.
Blockstack Won't Need to Sell Bitcoin or Ether to Survive Crypto Winter
Ali said the startup has an extended runway because Blockstack held roughly 70 percent of its capital in fiat.
Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro
Venezuela has automatically converted pensioners' most recent monthly bonus into its national oil-backed cryptocurrency, the Petro, according to a report from English-language politics blog Caracas Chronicles Dec. 12.
Ethereum Hacks on the Rise Again as Price Remains Below $100
A fresh wave of hacks targeting Ethereum holdings continues, despite the altcoin's price trailing at 18-month lows, tech magazine ZDNet reported Dec. 10.
UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019
One of the largest remittance firms in the United Arab Emirates, UAE Exchange, is working with Ripple to launch blockchain-based payments to Asia by the first quarter of next year.
Bitcoin Price Consolidates Sub-$3.5K With Bulls and Bears in Stalemate
As discussed yesterday, the leading cryptocurrency could soon see a corrective rally if prices manage to clear the crucial resistance at $3,633 by Friday's UTC close.
Grid Singularity: Ethereum's Clean, Green, Energy Blockchain [INTERVIEW]
Years before the launch of Ethereum, a faction of its principal founders banded together with seasoned policy professionals, energy sector executives, and PhD-holders to explore meaningful usage cases for blockchain.
Overstock Venture Chief Expects Market for Blockchain Products in 2019
That's how Jonathan Johnson, president of Overstock.com's Medici Ventures, describes the blockchain-focused venture fund's goals for 2019.
Major German Stock Exchange to Launch Crypto Trading Platform
Germany's second-largest stock exchange, Boerse Stuttgart Group, is set to launch a cryptocurrency trading platform in the first half of 2019.
A Built-In Ethereum Wallet Just Got Added to Opera's Browser
Opera has announced the public release of its "Web 3-ready" Android web browser, which notably sports a built-in cryptocurrency wallet.
Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.Shutting Down All Operations in Israel.
But It Doesn't Have to Signify Nothing
If you're going to sell, you need to slink quietly out the back door.
Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12.Citing "Multiple people with direct knowledge of the situation," the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in funding it raised in a private placement in April.
Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11.Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers.
Report: Court Ruling to Return Mistakenly Sent Cryptocurrency Could Set Precedent
A Dec. 12 Business Law Blog post from the University of Oxford Faculty of Law notes possible repercussions for lost and stolen crypto claims following a case in a Canadian trial court earlier this year.
Binance Launches Blockchain DEX to Compete with Ethereum, EOS, TRON
Binance, the world's largest cryptocurrency exchange by trading volume, is launching its own blockchain that will support the forthcoming decentralized exchange Binance DEX and host its native Binance Coin, the company announced in a Medium post on December 5, 2018.
AriseBank Founders to Pay $2.7 Million in Fines to Settle ICO Fraud Charges
A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission announcement Dec. 12.
Major Ethereum Software Client Upgrades in Preparation for Constantinople Hard Fork
The Ethereum Constantinople upgrade appears to be proceeding as planned, as a widely used Ethereum software client has published new code that includes a Constantinople activation time on GitHub Dec. 11.The post reads that Geth, which stands for Go Ethereum, v1.8.20 is a special release that will "Finally" enable the Constantinople hard fork on the Ethereum mainnet at block 7,080,000.
Report: Venezuela Is Forcibly Converting Pension Balances to the Petro
Venezuela has reportedly begun converting pensioners' monthly payments into its controversial cryptocurrency, the petro.
Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit
The U.S. Securities and Exchange Commission has settled charges with two former executives of AriseBank, which was hit with a token sale fraud lawsuit in early 2018.
Crypto Markets See Modest Gains, Bitcoin Rises Above $3,400
Wednesday, Dec. 12: Cryptocurrency markets have seen moderate gains on the day, with all top 20 coins by market capitalization in the green, according to Cointelegraph's Coin360.
Deutsche Telekom, Alibaba Cloud, Citi Join Hyperledger Blockchain Project
Blockchain consortium Hyperledger is continuing its rapid expansion by adding 16 new members.
Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano: Price Analysis, Dec. 12
XRP/USDSince breaking down of the support at $0.33108, the bulls have been attempting to keep Ripple above the Dec. 7 low of $0.28600.
Russian Deputy Prime Minister: Draft Crypto Legislation Won't Be 'Significantly' Edited
Maxim Akimov, the deputy prime minister of Russia, announced that the authors of Russia's draft cryptocurrency legislation were not planning on making any changes to the bill.
Dutch Central Bank Proposes License Requirement for Cryptocurrency Service Providers
Cryptocurrency service providers will soon be required to obtain a license from the central bank of the Netherlands, major Dutch news outlet DeTelegraaf reports Dec. 11.
Russian Draft Bill Blocking Suspicious Financial Websites 'Could' Cover 'Scam' ICOs, Experts Note
A group of Russian members of parliament has introduced a draft bill on blocking suspicious financial websites on Tuesday, Dec. 11.
IBM Research Teams up With Agritech Firm to Boost African Agribusiness with Blockchain
IBM Research has teamed up with United States-based agriculture tech firm Hello Tractor to boost the African agriculture industry with blockchain.
Ethereum's Geth Software Upgrades Ahead of January Hard Fork
The most-used ethereum software client has published code that includes an activation time for Constantinople, a proposed upgrade that, if enacted by users, would bring additional features and enhancements to the network.
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