Major U.S. payment processors are reportedly cutting services to "extremist" political organizations they say incite violence. The actions involve credit card companies, PayPal, and even popular bitcoin exchange Coinbase. Also read: Korea Trades $1.7 Billion USD in Bitcoin Cash as Price Surges 'Extremist' Groups Point Fingers After Charlottesville Events have escalated in … [Read more...] about Credit Cards, PayPal, Even Coinbase Are Cutting off ‘Extremist’ Groups
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Coinbase CEO Calls ‘Netscape Moment’ as Company Gets $100 Million
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Coinbase has closed an industry-record $100 million USD funding deal, after what it called a year of "unprecedented growth". CEO Brian Armstrong said digital currencies and blockchain technology are now at their "Netscape moment". Also read: Overstock Now Accepts Dozens of Cryptocurrencies as Payment Coinbase to Expand Team, Invest More in Ethereum Browser The round is … [Read more...] about Coinbase CEO Calls ‘Netscape Moment’ as Company Gets $100 Million
Australia’s Largest Bank Faces Money Laundering, Terrorism Fines
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The largest bank in the Southern Hemisphere, the Commonwealth Bank of Australia (CBA) faces huge financial penalties after "serious and systemic non-compliance" with anti-money-laundering and terrorism financing laws. Reports say the civil charges stem from CBA's use of ATMs that can process up to $20,000 AUD ($15,900 USD) per transaction. Also read: Coinbase Changes Mind, … [Read more...] about Australia’s Largest Bank Faces Money Laundering, Terrorism Fines
Trader Sues Exchange for 3,084 BTC Over Reversed Trades
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A market maker is reportedly suing Asian bitcoin exchange QUOINE for over 3,084 BTC over a reversed trade. The lawsuit raises questions over how exchanges should act in the event of technical or human errors that dramatically shift prices. Also read: $100 Million in ETH Moved From BTC-e Wallets, but to Where? QUOINE has offices in Singapore and Tokyo, though the majority … [Read more...] about Trader Sues Exchange for 3,084 BTC Over Reversed Trades
Etherparty Wants Everyone Making Smart Contracts
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Ethereum fans often tout the power and efficiency of smart contracts. The average person, however, understands little beyond the price of ether (ETH). The creators of Etherparty say they have a way to make the technology more accessible. Also read: US Company the First to Offer Chip Implants to Employees Etherparty, which began in 2015 and is about to launch a beta test … [Read more...] about Etherparty Wants Everyone Making Smart Contracts