LINE Officially Launches Cryptocurrency Exchange for 80 Million Users in Japan

Messaging app LINE has officially launched a cryptocurrency exchange service to its 80 million users based in Japan, days after the platform received final regulatory approval. The Shinjuku-based messaging provider, which is 73.36-percent owned by South Korea’s Naver, said in a statement on Tuesday that the new exchange, dubbed Bitmax, is now live with trading of…

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The First Yearlong ICO for EOS Raised $4 Billion. The Second? Just $2.8 Million

The Takeaway: Block.One’s yearlong initial coin offering (ICO) for the EOS blockchain raised a record-breaking $4.1 billion in 2018. LiquidApps created a second-layer protocol for EOS to offload computing expenses for dapps, which became very expensive just a few months after EOS launched. In a similarly yearlong ICO, LiquidApps is currently selling DAPP tokens to be used on…

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Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that more than 600,000 powerful new machines may have come online in the last three months. According to data from crypto mining pool BTC.com, bitcoin’s two-week average hash rate has crossed another major threshold, reaching 85 exahashes per second (EH/s) around…

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Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund, the company said. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. Co-founder and CEO Neil Bergquist told CoinDesk that…

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Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform

Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and…

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CipherTrace Enters Race to Solve Crypto’s FATF Compliance Headache

CipherTrace has unveiled its answer to one of the thorniest questions now facing the cryptocurrency industry: how to securely share information about customers under new global regulatory guidelines. On Tuesday, the blockchain security firm published its final white paper and open source software for wallet providers and crypto exchanges to comply with the Financial Action…

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MakerDAO Is Helping 60 Kids in Brazil Learn the Basics of Blockchain

Nearly 120 youths, ages 14-24, now gather weekly in Rio de Janeiro for free courses about financial literacy, computer programming and blockchain technology. World Bank research field coordinator Erick Baumgartner told CoinDesk he went to three high schools in the crime-riddled Pavuna district to recruit students for the nine-month program, which started in May. “Even…

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