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China wants to eliminate wasteful Bitcoin mining China wants to eliminate wasteful Bitcoin mining
2019-04-09 18:38:08 Discuss SHANGHAI/HONG KONG (Reuters) - China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. China is the world's largest market for computer hardware designed to mine bitcoin and other cryptocurrencies, even though such activities previously fell under a regulatory grey area. The National Development and Reform Commission (NDRC) said on Monday it was seeking public opinions on a revised list of industries it wants to encourage, restrict or eliminate. The list was first published in 2011.
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Bitstamp Granted BitLicense by New York Financial Regulator Bitstamp Granted BitLicense by New York Financial Regulator
2019-04-09 11:21:14 Discuss NEW YORK (Reuters) - Bitstamp, Europe's biggest digital asset exchange, has been granted a virtual currency license, the New York Department of Financial Services said on Tuesday. Bitstamp USA is the nineteenth company to receive a BitLicense from the department, which authorizes the company to conduct digital currency operations in the state of New York. With today's approval of Bitstamp's virtual currency license, New York is showing that regulation and innovation can exist together, Acting Financial Services Superintendent Linda A. Lacewell said in a statement. The state's action authorizes Bitstamp USA to provide its customers with the ability to buy and sell bitcoin, along with select other virtual currencies, for U.S. dollars and vice versa.
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Europe's Largest telecom operator Telefnica to test out Ankr's distributed computing platform Europe's Largest telecom operator Telefnica to test out Ankr's distributed computing platform
2019-02-21 10:15:49 Discuss Reuters Brand Features is a paid for, custom created solution which allows brands to share their story with their target audience on Reuters.com. This content is produced independently of Reuters Editorial News. Content is researched, developed, and designed by Reuters Solutions- the Commercial Advertising Department for Reuters.com. Brands may also use their own content within this feature. To create Reuters Brand Features, please email us at http://sales.reuters.com/. Ankr, a leading Silicon Valley distributed cloud computing platform'has just secured a major partnership with one of the world's largest telecom operators
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2019-01-16 14:08:30 Discuss WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuelas proposed petro cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the soon-to-be-launched token. Venezuelan President Nicolas Maduro this month said his government will soon issue 100 million petros, backed by an equivalent number of barrels of oil, partly to get around the U.S. sanctions. Those sanctions prohibit the purchase of newly issued Venezuelan debt, which has left Maduro unable to refinance the country's crippling debt burden and led Socialist Party officials to seek new forms of raising hard currency.
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Startup Robinhood to launch commission-free cryptocurrency trading | Reuters Startup Robinhood to launch commission-free cryptocurrency trading | Reuters
2019-01-16 13:07:44 Discuss NEW YORK (Reuters) - Online brokerage startup Robinhood plans to launch commission-free cryptocurrency trading, the company said on Thursday, riding a wave of interest from retail investors for the new asset class. Starting in February, Robinhood customers will be able to buy bitcoin and ether, the two most popular virtual coins. The Palo-Alto based startup plans to add more cryptocurrencies in the coming months. Robinhood is launching the service in response to a groundswell of customer demand, Vlad Tenev, co-CEO and co-founder of Robinhood, said in an interview. For some individuals we see cryptos are the first foray into financial services, he said.
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Eastman Kodak unveils cryptocurrency, stock doubles | Reuters Eastman Kodak unveils cryptocurrency, stock doubles | Reuters
2019-01-16 12:58:28 Discuss SAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co (KODK.N) more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon. The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called KODAKCoin for photographers, part of KODAKOne, an image rights management platform in a licensing partnership with WENN Digital. The platform uses blockchain technology, the backbone of bitcoin and other digital currencies that have surged in recent months and raised fears of a price bubble. The stock was last up 92 percent at $5.95 in midafternoon trading on the New York Stock Exchange, off an earlier high at $6.65.
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China Imposes New Blockchain Rules - Reuters China Imposes New Blockchain Rules - Reuters
2019-01-11 08:37:38 Discuss SHANGHAI (Reuters) - Chinese blockchain platforms will have to censor content, allow authorities access to stored data and check the identity of users under rules set out on Thursday by Beijing. The Cyberspace Administration of China (CAC) said that the regulations, which will come into force next month, will advance the industrys healthy and orderly development. China has cracked down on cryptocurrencies since 2017 when the government banned initial coin offerings and barred local cryptocurrency exchanges from operating domestically. Now blockchain platforms will be required to implement real-name registration for users via a national ID or telephone number, censor content and store user data.
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ADOPTION: French 'Tabac' shops now selling Bitcoin for cash ADOPTION: French 'Tabac' shops now selling Bitcoin for cash
2019-01-10 22:49:57 Discuss PARIS (Reuters) - As well as cigarettes, cigars, lottery tickets and the like, visitors to Paris Tabacs can now also buy bitcoins. With the backing of French fintech group Keplerk, the crypto-currency has gone on sale in six tobacco shops in and around Paris. Adil Zakhar, one of Keplerk's co-founders, hopes to enrol up to 6,500 Tabacs by February. Some people find it complicated to get bitcoins on-line, Zakhar said . They trust their local tobacco shop owner more than they would trust some remote anonymous website. Late last year, Keplerk secured a contract with a local cash-register software provider to include an option for Tabac owners to sell vouchers redeemable for bitcoins in an electronic wallet that is held on Keplerk's website.
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Chinese 'blockchain platforms' will have to censor content and check the identity of users Chinese 'blockchain platforms' will have to censor content and check the identity of users
2019-01-10 20:38:43 Discuss SHANGHAI (Reuters) - Chinese blockchain platforms will have to censor content, allow authorities access to stored data and check the identity of users under rules set out on Thursday by Beijing. The Cyberspace Administration of China (CAC) said that the regulations, which will come into force next month, will advance the industrys healthy and orderly development. China has cracked down on cryptocurrencies since 2017 when the government banned initial coin offerings and barred local cryptocurrency exchanges from operating domestically. Now blockchain platforms will be required to implement real-name registration for users via a national ID or telephone number, censor content and store user data.
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Bitcoin crashes to lowest this year, losses top 25 percent in a week | Reuters Bitcoin crashes to lowest this year, losses top 25 percent in a week | Reuters
2019-01-08 22:56:40 Discuss LONDON (Reuters) - Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world's best-known digital coin to 25 percent within a week. Other smaller coins also skidded sharply as a broader cryptocurrency sell-off, said by traders and market makers to be rooted in heavy selling at leveraged Asian exchanges, gathered steam. The fall followed a sudden plunge last week that shook bitcoin out of a period of relative stability, where prices had hovered around the $6,500 mark for several months. Bitcoin sunk as far as $4,327, its lowest since October 2017. By mid-afternoon, it was trading around $4,750 on the Bitstamp exchange.
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And another one: Iran's central bank proposes slashing four zeros from falling currency And another one:  Iran's central bank proposes slashing four zeros from falling currency
2019-01-06 23:39:51 Discuss DUBAI (Reuters) - Iran's central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fuelled by U.S. sanctions. A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter can be concluded as soon as possible, IRNA quoted central bank governor Abdolnaser Hemmati as saying. Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength as the rial lost more than 60 percent of its value in 2018 despite a recent recovery engineered by the central bank in defiance of U.S. sanctions.
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Money Laundering Problems Challenge The Growing Popularity Of Security Token Offerings (STOs) - Reuters Money Laundering Problems Challenge The Growing Popularity Of Security Token Offerings (STOs) - Reuters
2018-12-20 23:15:37 Discuss Reuters Brand Features is a paid for, custom created solution which allows brands to share their story with their target audience on Reuters.com. This content is produced independently of Reuters Editorial News. Content is researched, developed, and designed by Reuters Solutions- the Commercial Advertising Department for Reuters.com. Brands may also use their own content within this feature. To create Reuters Brand Features, please email us at http://sales.reuters.com/. As much as the STO is trying to curb the vulnerability of using the crypto decentralized system for illicit acts, its good intention does not guarantee total security. The act of money laundering can still be executed by perpetrators without the strict regulators noticing.
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Blockchain-Based E-Commerce Verification Platform simplyBrand Attempts to Tackle Online Counterfeiting Problem with Blockchain Blockchain-Based E-Commerce Verification Platform simplyBrand Attempts to Tackle Online Counterfeiting Problem with Blockchain
2018-12-08 14:42:08 Discuss Reuters Brand Features is a paid for, custom created solution which allows brands to share their story with their target audience on Reuters.com. This content is produced independently of Reuters Editorial News. Content is researched, developed, and designed by Reuters Solutions- the Commercial Advertising Department for Reuters.com. Brands may also use their own content within this feature. To create Reuters Brand Features, please email us at http://sales.reuters.com/. The final tally for China's Double 11 (or Singles Day) shopping frenzy invented by Chinese e-commerce giant Alibaba came in at 213.5 billion yuan ($42.46 billion), shattering last year's record of USD 25 billion.
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As bitcoin trading shifts shape, big money stays away As bitcoin trading shifts shape, big money stays away
2018-12-07 19:08:00 Discuss (This version of the December 7th story corrects spelling of first name to Erik (not Eric) in paragraph 21) LONDON (Reuters) - Bitcoins value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed. The retail investors behind bitcoin's dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and crypto-related firms that traditionally dominated digital coin trading driving exchange volumes. And while bigger investors from proprietary traders to hedge funds are growing more active, mainstream financial firms have stayed away from cryptocurrencies, even as market infrastructure seen as key to their entry begins to be built.
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ECB takes on PayPal with instant payment system ECB takes on PayPal with instant payment system
2018-12-04 21:07:35 Discuss FRASCATI, Italy (Reuters) - The European Central Bank launched on Friday a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. Developed in just over a year, the ECB's TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank. U.S. firms PayPal, Google, Facebook and Amazon, and China's Alibaba and Tencent currently dominate such services in Europe. This has worried European policymakers in recent months following a string of cyber attacks on financial infrastructure and fractious economic and diplomatic ties with U.S. President Donald Trump.
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FinTech company Calastone to shift fund network to Blockchain ($217 billion a month) FinTech company Calastone to shift fund network to Blockchain ($217 billion a month)
2018-12-03 21:44:28 Discuss LONDON (Reuters) - Calastone, an investment funds transaction network, said on Monday it will shift its entire system to blockchain in May, a move that could slash costs for the sector by billions of dollars a year. London-based Calastone provides back and middle-office services to more than 1,700 firms such as JP Morgan Asset Management, Schroders and Invesco, helping them sell their funds across the world through banks and other local financial advisors. The shift will see more than 9 million messages a month between those counterparties - worth more than 170 billion pounds ($217 billion)- completed on blockchain, marking a move into mainstream finance for a technology whose hype has rarely been matched by widespread usage in major industries.
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Bitcoin gains 6 percent as it heads for best day since July Bitcoin gains 6 percent as it heads for best day since July
2018-11-28 12:12:47 Discuss LONDON (Reuters) - Bitcoin bounced more than 6 percent on Wednesday, climbing above $4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling. The world's biggest cryptocurrency was last as $3,970.04 on the Bitstamp platform, after being mauled in a broad sell-off in cryptocurrencies over the last two weeks. It has lost more than 70 percent of its value this year. Reporting by Tom Wilson; Editing by Saikat Chatterjee All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. 2018 Reuters. All Rights Reserved.
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Cryptocurrencies to survive sell-off: Allianz's El-Erian Cryptocurrencies to survive sell-off: Allianz's El-Erian
2018-11-28 00:53:08 Discuss NEW YORK (Reuters) - Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday. At a CoinDesk conference called Consensus: Invest in New York, El-Erian said the participation of institutional investors in various crypto projects, even as retail investors have shied away because of price declines, was a positive sign. I think cryptocurrencies will exist, they will become more and more widespread, but they will be part of an ecosystem. They will not be dominant as some of the early adopters believed them to be, El-Erian said.
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Little known to many investors, cryptocurrency reviews are for sale Little known to many investors, cryptocurrency reviews are for sale
2018-11-27 20:05:20 Discuss NEW YORK (Reuters) - When cryptocurrency issuers want positive coverage for their virtual coins, they buy it. Self-proclaimed social media personalities charge thousands of dollars for video reviews. Research houses accept payments in the cryptocurrencies they are analyzing. Rating experts will grade anything positively, for a price. All this is common, according to more than two dozen people in the cryptocurrency market and documents reviewed by Reuters. Earlier this year, Ukrainian start-up Hacken was looking to promote its new coin after raising $3 million online in late 2017. Chief Executive Dmytro Budorin and his team identified a list of almost 200 cryptocurrency social media personalities they thought could help them, he said.
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