Cryptocurrency 

Tron Still Hasn’t Fully Paid for BitTorrent a Year On, Creator Claims

BitTorrent creator Bram Cohen has added to controversy swirling around Tron CEO Justin Sun by claiming he did not fully pay him for the streaming platform. Bram Cohen says last payment for BitTorrent still in escrow In a series of tweets July 25, Cohen said that the proceeds from the sale of BitTorrent, which Sun purchased last year, had not arrived in full.  Tron took over BitTorrent for an undisclosed amount in cryptocurrency, with Cohen now complaining the final installment had been stuck in escrow for two months. “Anybody know…

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Bitcoin 

Crypto Businesses will Require a BaFin License Next Year

Starting next year, new Anti-Money Laundering (AML) regulations will require German cryptocurrency businesses to hold a Federal Financial Supervisory Authority (BaFin)-issued license, Cointelegraph Deutschland reported on July 24. Possible innovation obstruction Per the report, the new regulations will require cryptocurrency-related businesses such as exchanges and wallet providers to be licensed by BaFin and comply with AML regulation, since crypto assets will be considered a financial instrument starting on January 1, 2020. According to local media FAZ, Bundestag Free Democratic Party Frank member Schäffler commented suggesting that the government is hurting…

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Cryptocurrency 

Coinbase Added 8 Million New Users in the Past Year

America’s biggest cryptocurrency exchange and wallet service Coinbase has signed up 30 million users since launching in 2012. New user signups slowed after Bitcoin price peak Over the past 12 months, Coinbase has registered eight million new users, according to data revealed by Bitcoin (BTC) investor and entrepreneur Alistair Milne in a tweet on July 22. Number of Coinbase users since January 2014. Courtesy of Alistair Milne on Twitter Based on the chart above, the rate of new users sign ups has slowed compared to the second half of 2017,…

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Ethereum 

IBM Triples Number of Blockchain Patents in US Since Last Year

Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of last, according to a report by BeinCrypto on July 16. According to data gathered by Yuval Halevi, co-founder of crypto and blockchain PR company GuerillaBuzz, IBM’s number of active patent families dwarfs other notable corporations. This includes some primary tech companies, such as Intel, Microsoft, and Dell Technologies: “In just 1 year the number of…

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Bitcoin 

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity

Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1. As per the report, the total flat value of BTC spent on illegal activity so far this year is thought to be $515 million. The research suggests that by the end of the year, this figure will double to reach $1 billion. However, the amount…

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Bitcoin 

This Year BlockShow Is Gearing Up

I first dove heavily into blockchain in 2014 when I joined Cointelegraph. To set the stage, this was right around the time of shadow projects, bitcoin casinos, and the infamous Mt. Gox crash. Almost everyone with a media badge was negative about the budding industry, and those who weren’t were typically working anonymously. At that time, there were probably fewer than 1,000 people in the core community, and those were the people I was interested in. They were building projects, and truly believed in the concept behind crypto and blockchain…

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Bitcoin 

Bitcoin Trading Volume on Coinbase Hits Year High

Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th. Bitcoin 2-year volume chart. Source: Bitcoinity The Bitcoin price was similar between the two peaks at or above 263,000 volume, near $7,710 and $7,950 for May 12 and February 4, 2018 respectively, but these are larger than the similar peak on November 18 when BTC…

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Ethereum 

Bitcoin Hits Highest Price Point in Over a Year, Pushing Toward $9,000

Monday, May 27 —  following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has reported over 9% in growth on the day and is trading at $8,727 by press time. Having briefly dipped below $8,000 yesterday, May 26, the top coin saw a sharp rally kick in towards the evening. Bitcoin…

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