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CoinDesk Talks to Supporters, Critics at Craig Wright’s Contempt Hearing

[embedded content] CoinDesk traveled down to West Palm Beach on Aug. 5 to cover Craig Wright’s second sanctions and contempt hearing. Wright, the self-declared man behind bitcoin, failed to comply with a court directive to produce a full list of his bitcoin addresses acquired prior to 2014, as part of a $10 billion lawsuit brought …

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Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium

Ethereum could become the first public blockchain on Hyperledger – if the open-source consortium’s technical steering committee approves a proposal to adopt the ConsenSys-backed Pantheon project. Pantheon is a suite of ethereum-based services built by PegaSys, a 50-strong engineering team at ConsenSys. The Pantheon ethereum client, built on Java, is used to develop enterprise applications with …

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PundiX’s Crypto Cash Registers Will Be Installed in 49 Retail Stores Across Venezuela

Venezuela’s largest department store will install blockchain-enabled cash registers in its 49 retail outlets. The megastore operator Traki announced August 22, it will integrate Singapore-based Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers. Already available in 30 countries, Pundi aims to sell 100,000 XPOS devices by 2021. This is part …

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Coinbase Now Allows You to Access Dapps on Desktop Browsers

Coinbase Wallet’s decentralized web feature will allow users to link to supported Dapps from any browser using a new system called Walletlink. The San Francisco-based cryptocurrency exchange announced today in a blog post, the open-sourced Walletlink acts as a “secure bridge” between the Coinbase ecosystem and the traditional web. The feature will enable Coinbase Wallet …

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Crypto Futures Exchange Deribit Launching Bulk Derivatives Trading

Deribit claims it’s becoming the first crypto futures and options exchange to provide large-volume trades of bitcoin and ether derivatives. The move comes via a partnership with institutional messaging service Paradigm, according to a BNN Bloomberg report on Thursday. Deribit’s CEO, John Jansen, reportedly said the new service will offer block trades with a minimum of 40 bitcoin and …

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Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm

Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The investment …

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Palestinian Civilians Are Using Bitcoin More Than Terrorists

The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local experts tell CoinDesk. General awareness in Palestine of bitcoin and ethereum has increased since 2018. Freelance …

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‘Power to the People’: Privacy Was the Rallying Cry of Berlin’s Web3 Summit

It may seem trivial in some cases, but digital anonymity is no joking matter to American whistleblower and privacy advocate Edward Snowden. “We need someone to be able to post something truly idiotic on the internet and not have it haunt them for the rest of their lives,” he said through a webcam to a crowd …

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White House Advisory Says Virtual Currencies Used for Fentanyl Purchases

The White House issued two advisories on drug purchases in the United States today with specific references to cryptocurrencies. The advisories, addressed to both financial institutions and digital payment platforms, state that “convertible virtual currencies” (CVC), particularly bitcoin, bitcoin cash, ethereum, and monero, can be and have been used for illicit substance purchases on the clear, …

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Authorities Seize Crypto Mining Equipment from Nuclear Power Plant

Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant. According to local media reports, the Security Service of Ukraine (SBU) confiscated six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling units installed in the South …

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