Indian Police Seize Unocoin’s ATM, Arrest Two Founders
Oct25

Indian Police Seize Unocoin’s ATM, Arrest Two Founders

One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approvals. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized a recently-installed kiosk operated by Bengaluru-based cryptocurrency...

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Japan Approves Self-Regulation of Cryptocurrency Exchanges
Oct25

Japan Approves Self-Regulation of Cryptocurrency Exchanges

On Wednesday, Oct. 24, Japan’s Financial Services Agency granted the cryptocurrency industry the authority to self-regulate. The approval means that the Japan Virtual Currency Exchange Association, a coalition of several registered digital currency exchanges, can now set rules for operational requirements, consumer protection, prevention of money laundering and employee ethics. The association will also enforce compliance....

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Drivechain Project Sees an Influx of Development Since Launch
Oct25

Drivechain Project Sees an Influx of Development Since Launch

Software developer Paul Sztorc revealed on Sept. 24 the launch of his first iteration of Drivechain, a sidechain concept that enables a cross-chain consensus validation system based on the proxies of miners. Since then, developers have created a faucet, block explorer, a script install, side-shift transfers, transaction replays, and another chain that resembles the Bitcoin Cash network. Also read: BCH Devcon Streamlines Bitcoin...

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Bitcoin Cash Association to Fund Eatbch Charity in $1,000 BCH per Month
Oct25

Bitcoin Cash Association to Fund Eatbch Charity in $1,000 BCH per Month

On Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month. According to the nonprofit, the $1,000 will be divided between both organizations in order to help the Eatbch crew provide a solid foundation of generosity. Also read: Circle’s USDC Stablecoin Added to Coinbase The BCA...

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Rightsholders Slammed, Even as Aussie Anti-Piracy Proposals Get Full Support
Oct25

Rightsholders Slammed, Even as Aussie Anti-Piracy Proposals Get Full Support

With site-blocking measures in full swing Down Under, entertainment industry groups want to tighten up the law further still, in order to tackle the piracy problem more easily. The recently introduced Copyright Amendment (Online Infringement) Bill 2018 aims to provide the solution. Born out of frustration with apparent loopholes in current legislation, the new proposals are targeted at circumvention techniques that render blocking...

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