$500 Million Has Been Mistakenly Sent to Ethereum’s Genesis Address
Mar05

$500 Million Has Been Mistakenly Sent to Ethereum’s Genesis Address

Genesis blocks hold a symbolism that’s almost spiritual. They represent the birth of a new cryptocurrency, and when that currency flourishes, its foundation stone – the maiden block to have been mined –  is referenced reverentially. Ethereum’s first address is a memorable one: 0x followed by 40 zeroes. It’s also a dangerous one that has been the unintended recipient of $6 million in ether and over...

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Bitfarms to Raise Up to CAD$50m to Scale Cryptocurrency Mining Operation
Mar05

Bitfarms to Raise Up to CAD$50m to Scale Cryptocurrency Mining Operation

Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small fortune to solidify its position in the region and better face the heated competition. Also Read: Goldmoney Launches Ether and Bitcoin Cash Cold Storage Bitfarms to Raise $39m Bitfarms facility in Quebec,...

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New Malaysian Cryptocurrency Regulation Come Into Effect
Mar05

New Malaysian Cryptocurrency Regulation Come Into Effect

Last week, Malaysia’s new Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policy guidelines specifically addressing cryptocurrencies came into effect. The new regulations compel Malaysian virtual currency exchanges to mandate KYC adherence, including the collection of ID documentation. Also Read: Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure New Malaysian AML/CFT Guidelines for...

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Major Pawnshop Network in Ukraine Launching Cryptocurrency-Secured Loans
Mar05

Major Pawnshop Network in Ukraine Launching Cryptocurrency-Secured Loans

A major network of pawn shops in Ukraine is launching a new lending service with loans secured by cryptocurrency. With over 300 branches, the pawnbroker plans to offer loans based on the type, amount, and price of crypto collaterals. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pawn Shops Offer Crypto-Secured Loans Founded in November 1992, Skarbnytsya claims to be “the first and largest non-state...

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Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba
Mar05

Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba

Concerns from Russian traders that they may be unable to access Bittrex once the exchange’s new terms of service come into effect this month appear to have been alleviated. Starting March 9th, the exchange will formally block residents of North Korea, Iran, the Crimean region, Syria, and Cuba from accessing its trading services. Also Read: The Next Generation of Politicians Will Be Crypto’s Biggest Advocates...

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