Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report

Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8. According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and…

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A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

Advertisement The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to…

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South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

An official from South Korea’s Financial Supervisory Service (FSS) has proposed greater international cooperation between regulators for crypto and Initial Coin Offering (ICO) regulation, local news outlet Asian Economic TV reports Friday, September 7. Yoon Suk-heun, governor of FSS, made a statement about the potential for more cooperation during the opening ceremony of the 20th…

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IT Analyst Jason Bloomberg: What I’m Really Saying Is ‘Shut Down Permissionless Blockchains’

This interview has been edited and condensed. Aside from occasional blisteringly anti-crypto commentary from the likes of Warren Buffett and Bill Gates, one of the crypto industry’s most consistent and vocal naysayers is IT industry analyst Jason Bloomberg. Bloomberg is a published author, Forbes contributor and president of the firm Intellyx, which helps enterprises integrate…

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Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7. In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists,…

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What to Expect If Ether Futures Become a Reality?

Less than a year after the launch of the first ever futures contracts for Bitcoin, Ethereum could be the second cryptocurrency to be traded on regulated futures exchanges. It’s understood that the Chicago Board Options Exchange (CBOE), the same platform that launched Bitcoin futures in December 2017, is waiting for the green light from the…

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Coinbase CEO: 1B in Crypto in 5 Yrs

Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of  people in the cryptocurrency ecosystem to grow from the current 40 million to 1 billion in the next five years, TechCrunch reported September 7. In an interview with TechCrunch, Armstrong projected that the crypto ecosystem and the total number of digital currencies will grow substantially,…

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Uzbekistan Opens Door to Cryptocurrency Exchanges, Offers Tax Benefits

Advertisement In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry. Uzbekistan Goes Fishing for Bitcoin Exchanges The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization…

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Ripple General Done After Two Years

Ripple’s general counsel Brynly Llyr has left her post, which she had held since November 2016, Quartz reported September 7. The American technology company confirmed to Quartz that Llyr no longer serves at the firm. A Ripple spokesperson said: “We’re grateful for all that she did to help build an incredible team. We wish Brynly…

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Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows

A majority of accredited and retail investors plan to increase their crypto asset holdings over the next 12 months, according to a survey published September 5 by investment platform SharesPost. The mid-year survey, which was conducted in July, polled 2,490 retail investors and 528 individual accredited and institutional investors.  The recent survey shows both consumers…

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 7

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Total crypto market capitalization tumbled from $239 billion on…

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