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Judge Chooses Representative Counsel for QuadrigaCX Creditors thumbnail

Judge Chooses Representative Counsel for QuadrigaCX Creditors

Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal. After postponing his decision, in a hearing on February 14, 2019, to choose one of four legal teams vying to represent…

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Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize thumbnail

Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize

On February 11, Nasdaq, the world’s second-largest stock exchange, launched Bitcoin and Ethereum indices to present accurate prices of the two leading crypto assets. Nasdaq’s Bitcoin Index a Likely Precursor to Crypto Investment Products According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a…

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Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial thumbnail

Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co.…

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Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018 thumbnail

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

A survey has determined that advertisers believe the word “blockchain” to have been the most overrated of 2018. This is hardly a surprise as many companies from fields completely unrelated to cryptocurrency claimed to use or test blockchain technology last year with little to show for it. Also Read: In the Daily: Shapeshift Beta, Coinsquare…

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Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin thumbnail

Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin

China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397. Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work…

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Yes, Mark Zuckerberg Is a “Digital Gangster” Who Violates Your Privacy, but Here’s Why You Still Won’t Quit Facebook thumbnail

Yes, Mark Zuckerberg Is a “Digital Gangster” Who Violates Your Privacy, but Here’s Why You Still Won’t Quit Facebook

Lawmakers in the UK have released a damning report on Mark Zuckerberg and Facebook, calling them “digital gangsters.” The report refers to Facebook’s deliberate violation of privacy laws and its role in spreading “fake news” and disinformation. It’s another shot fired at tech companies for abuse of personal data.  But, as usual, it’s unlikely to…

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Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip thumbnail

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies based on the SHA256 algorithm, such as bitcoin (BTC) and bitcoin…

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Bitcoin News Summary – February 18, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Morgan Creek Digital’s new crypto venture capital fund received investment from Virginian pension plans. The fund has raised $40 million, most of which for investment in promising crypto companies, though some portion will also be allocated to Bitcoin. A series of tweets by Wikileaks…

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Shift Card Sunsets, Leaving US Crypto Card Users With Few Options thumbnail

Shift Card Sunsets, Leaving US Crypto Card Users With Few Options

U.S.-based Shift Card, a Visa debit card service that allows people to spend cryptocurrencies held on Coinbase in real-time, will be ceasing operations this April. Shift’s email to customers explains the company hopes to relaunch in the near future, but for now there are few crypto debit card options left for U.S. residents. Also Read: More…

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Bitcoin Is… Bitcoin Just Is What? thumbnail

Bitcoin Is… Bitcoin Just Is What?

Bitcoin just is. Edited by Iris Fraser-Gudrunas Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c… Site: https://www.coindesk.comFacebook: https://www.facebook.com/CoinDeskTwitter: https://www.twitter.com/coindeskInstagram: https://www.Instagram.com/coindeskNewsletter: https://www.coindesk.com/newsletter/Twitter (Markets): https://www.twitter.com/coindeskmarkets CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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