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PR: Cross Exchange Launches IEO

</header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> CROSS is a project aiming to develop an exchange platform that trades various digital assets globally including …

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Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

<header class=”article__header”> </header> <strong>Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements …

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Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

<header class=”article__header”> </header> <strong>After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume hearing the …

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PR: Kinesis Partners With Hardware Wallet Provider CoolbitX

<header class=”article__header”> </header> <small><i>This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.</i></small> 21/08/2019, London: Kinesis is proud to announce a partnership with CoolBitX Technology, the developers of …

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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

<header class=”article__header”> </header> <strong>On August 19, the combined SHA-256 hashrate between the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant …

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RBI Defends Its Power Over Crypto in Indian Supreme Court

<header class=”article__header”> </header> <strong>The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency.</strong> Also read: RBI’s Power Over Crypto Challenged …

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‘Amazon of Japan’ Rakuten Launches Crypto Exchange Service

</header> <strong>Rakuten, the “Amazon of Japan,” announced the launch of its new crypto exchange platform Monday, August 19, offering spot trading of crypto assets via a dedicated smartphone app. The e-commerce giant has been crypto-friendly for a while now, experimenting and investing in crypto payment systems since at least 2014, but with the launch of …

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Another Self-Proclaimed Satoshi Fails to Sway Crypto Community

<header class=”article__header”> </header> <strong>Another person has attempted to claim the title of Satoshi Nakamoto, the creator of Bitcoin. According to a blog post published on August 18, this new person aims to expose his “real-life identity” through a series of written memoirs. The final ‘reveal’ will allegedly give the public the true answers to the …

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Philippines Increasingly Crypto Friendly – A Look at Driving Forces

<header class=”article__header”> </header> <strong>There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple …

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

<header class=”article__header”> </header> <strong>On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody.</strong> Also Read: Hong Kong Protest …

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