Bitcoin Industry Grapples With Age-Old Problem of Inheritance

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Five years ago, Matthew Moody was killed during an observational flight when the two-seater airplane he was in gate-crashed piloting over a valley in Chico, California. His father, Michael Moody, knew his 26 -year-old son had been mining Bitcoins — today worth thousands of dollars each — but “havent had” idea how many he had […]

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Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

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The head of the World Bank likened cryptocurrencies to” Ponzi programmes ,” the most recent business utter to raise questions about the legitimacy of digital currencies such as Bitcoin. ” In periods of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are […]

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Bitcoin’s Brutal Week Is Even Worse in South Korea

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The extending selloff in cryptocurrencies has just claimed another martyr: Bitcoin’s kimchi premium. Prices for the virtual currency in South Korea have scrambled back in line with those on overseas exchanges for the first time in seven weeks, deleting a gap that had swelled to 51 percent in early January. The premium had been so […]

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Chinas Crypto Crackdown Sends Miners Scurrying to Chilly Canada

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China’s three-quarters of the machines plumbing the blockchain — predominated the vistum until the Communist authority halted trading of virtual currency, banned initial coin offerings and shut down mining in recent months. Some of the most influential business in the brand-new crypto economy, whose roughly 1,500 digital currencies were worth about $405 billion on Friday, […]

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Digital Coins Tumble in January Amid Facebook, Tether Concerns

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For cryptocurrency investors, January is turning into a month to rue. Digital coins are mainly slid this week, with Bitcoin honcho for its worst monthly fall since February 2014, as U.S. regulators ramp up their its further consideration of one of the world’s largest digital money exchanges while Facebook Inc. is sent subpoenas on Dec. […]

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U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

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U.S. regulators are analyse one of the world’s largest cryptocurrency exchanges as interrogations prepare over a digital sign linked to its backers. The U.S. Commodity Future Trading Commission communicated subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and demands it’s pegged to the dollar, is […]

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How to Launder $500 Million in Digital Currency

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Early Friday morning in Tokyo, hackers losing more than 500 million of the somewhat obscure NEM coppers. The spoof has raised questions about security of cryptocurrencies around the world. 1. How did the intruders pull it off? Coincheck hasn’t disclosed how their structure was violated beyond saying that it wasn’t an inside job. The busines […]

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Massive Cryptocurrency Heist Spurs Calls for More Regulation

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At 2:57 a.m. on Friday morning in Tokyo, person hacked into the digital purse of Japanese cryptocurrency exchange Coincheck Inc . and drew off one of the most important heists in history. Three days later, the stealing of roughly $500 million in digital tokens is still reverberating through cryptocurrency sells and program curves around the […]

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