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Japanese cryptocurrency mining company GMO Internet Group released its monthly update for October on Nov. 5. The report shows a huge increase in the amount of bitcoin cash extracted – 875 coins, from zero in September. Altogether, the company earned about $3.85 million from mining BTC and BCH during the period under review. Also Read: Pan-African Organisation Launches Framework to Encourage Cryptocurrency Trade New Mining Hardware Drives Output In its monthly update, the Tokyo-based GMO Internet Group said its hashrate has grown since the end of September after establishing more mining facilities…

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Who can beat BTC price in the short term? This week three very unique coins have been selected: WaBi, BNB, and TRON. WABI looks to be the top contender to produce the highest returns as a cryptocurrency. Market Conditions The price stagnation within BTC price 00 has led to many mini altcoin rallies. Cryptocurrencies highlighted in similar articles such as GOChain increased well over 100% since their being selected as an ‘undervalued cryptocurrency.’ These current market conditions represent a spring coiling in the cryptocurrency space. Summer was filled with negative…

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On Thursday, Nov. 1, a group of Bitcoin Cash (BCH) proponents who call themselves the Professional Stress Test Team, performed a network stress test on the BCH chain. During the course of the day, the BCH network saw over 733,000 transactions and a 14MB block that cleared 73,000 transactions in one fell swoop. Also read: Anypay Provides BCH Invoices That Can Be Paid by Sending a Text Bitcoin Cash Network Shrugs Off Another Stress Test The Bitcoin Cash Professional Stress Test Team wrapped up another 24 hours of sending thousands of…

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In this edition of The Daily, we look at Coinbase’s decision to create a new investment vehicle for institutions in partnership with asset manager Wilshire Phoenix. We also cover the expansion of bitcoin cash SMS wallet service Cointext into four new markets. Also, New Zealand’s financial regulator has issued a warning against a platform offering cryptocurrency trading services.   Also read: Consensys Acquires Planetary Resources, New Zealand Backs Crypto R&D Coinbase Custody and Wilshire Phoenix Launch Cryptocurrency Fund Cryptocurrency exchange Coinbase has entered into a partnership agreement with asset management…

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With today marking the tenth anniversary of the Bitcoin whitepaper, the web is predictably thick with op-eds, retrospectives and thought pieces. While Oct. 31, 2008 is hailed as a pivotal moment in monetary history, at the time, few noticed the publication of the Bitcoin whitepaper to a cryptography mailing list. Like all revolutions, this one would take time to germinate. Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation From Tiny Acorns Mighty Oaks Grow It’s hard to place a finger on the moment when Bitcoin transitioned from an idea…

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A new study has revealed that more than a quarter of “affluent” millennials either have or are using cryptocurrency. Now The Largest Generation in the US Communications and marketing firm Edelman has released its Millennials With Money report, which found that 25 percent either have cryptocurrency and/or are using it. What’s more, another 31 percent say they’re “interested in using it.” The given study was based on a survey of 1,000 affluent millennials, which is defined here as having at least $50K in investable assets or $100K in individual or joint…

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Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring to License Exchanges and ICO Platforms Rosfinmonitoring, as the regulator is known in Russia, plans to register, license and monitor cryptocurrency exchanges, crowdfunding platforms and providers of wallet services for digital assets, Russian media outlets…

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If you want to see cryptocurrency adopted by more people, one of the best ways to personally ensure that happens is to simply give away samples to anyone you can. And Halloween presents us with an excellent opportunity to spread the knowledge and passion to the next generation. Also Read: The Daily: Startup Raises $30M, Crypto Used to Fight Plastic Pollution Crypto Halloween There are a few ways to add a crypto gift alongside the candy you give away to trick or treaters, such as preloaded plastic gift cards or…

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The Cyberspace Administration of China (CAC) has announced that it will accept public feedback through Nov. 2 on draft rules it recently published to regulate blockchain projects, but the proposed legislation has already drawn a mixed response from distributed ledger technology (DLT) analysts. Also Read: Bitstamp Confirms Acquisition by South Korean Company Strict Rules for DLT Users The CAC said it has designed the proposed rules to uphold national security and protect the interests of companies and the general public, while facilitating the development of the blockchain industry. The guidelines require real-name…

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In this edition of Exchanges Roundup, we focus on Ironx, which has just wrapped up a $22.3 million private sale. We also look at International Digital Currency Markets’ plans to provide solutions for security token offerings, as well as some of the new exchanges opening in Estonia. Also Read: The Daily: Outcry Over Censoring of Gab, Chinese State Media Plugs Bitcoin Book UK Minister Reaps Windfall After Ironx Resignation Ironx, a cryptocurrency exchange that Cyprus-based Ironfx plans to launch in December, sold 67.6 million IRX tokens after raising $22.3 million during its…

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