Bing ban for 500,000 cryptocurrency ads

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Bing ads ban

Microsoft’s internet browser Bing blocked more than 5 million cryptocurrency ads last year. The data was revealed in Microsoft’s annual review of advertising quality. Microsoft explained that digital advertising is a powerful and open channel. “it is also prone to abuse by bad actors trying to defraud and deceive users by delivering harmful and misleading ads, with persuasive content and innocent looking links that lead to phishing, malware attacks and other types of fraud,” said the report. In 2018, Microsoft suspended nearly 200,000 accounts and removed 900 million bad ads…

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Facebook’s cryptocurrency partners revealed

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Facebook crypto coin blockchain

Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology. As recently reported by The Wall Street Journal, Facebook’s cryptocurrency will be governed by a consortium of firms known as the Libra Foundation, which includes the likes of Visa, Mastercard, and PayPal. But The Block has gotten its hands on consortium marketing materials and can now report dozens of firms not previously known…

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Crypto exchange Bittrex to block US users from trading in 32 cryptos

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Bittrex to block US users

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies. The exchange revealed the news in a post on its blog on June 7. Per the announcement, after June 21, U.S. traders won’t be able to access a slew of coins listed on the exchange, including QTUM and STORJ. The exchange noted that U.S. users will receive an email with explanations concerning what they are and are not allowed to do with the aforementioned assets. The options cited by the exchange include selling…

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Russia may build offshore destination for cryptocurrencies, exchanges and forex

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Russia may build offshore destination

Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8. Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets. Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement. Petukhov made his statements while speaking to TASS at the St.…

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Using Bitcoins may earn you a 10-year jail sentence

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Bitcoin jail

In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. In a move that’s likely to cause huge disappointment, the government has proposed a 10-year prison sentence for persons who ‘mine, generate, hold, sell, transfer, dispose, issue or deal in cryptocurrencies. A new draft bill The Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone dealing with cryptocurrencies. The…

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Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

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#TAOTAO

A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development. The new platform, called Taotao, announced on Twitter Sunday that it will go live on Thursday, May 30, at midday local time. According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch. The firm will also be making leverage available for interested traders, with three more cryptos added…

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Seoul to Implement Blockchain in Citizen Cards, the Mayor Reveals

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Soul Korea

The South Korean city of Seoul will implement blockchain technology in its citizen cards, Korean publication Queen.co.kr reports on May 20. Park Won-soon, the mayor of Seoul, has participated in the ongoing event “Korea Future Forum (KFF) 2019 & Blockchain Tech Show,” reporting on the city’s achievements in embracing major technologies including blockchain and artificial intelligence. The mayor highlighted the role of blockchain in storing data, noting that the value of data “has become even more important than before.” According to Park, the city of Seoul will implement blockchain in…

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Cryptocurrency Transactions Now Available On WhatsApp

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Whatsapp crypto

You will probably have heard of WhatsApp. It’s one of the most popular apps out there today that is free to use, cross-platform and used by millions worldwide. Well, we say millions but in fact, more than one billion people across 180 countries use the app. Users the messaging app will now be able to both send and receive cryptocurrencies thanks to the Lite.Im bot. There will only be two cryptocurrencies available for the time being but ass the system starts to gain traction, other digital tokens are anticipated to…

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Just 732,000 addresses own at least 1 BTC

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Bitcoin owners

There are currently 732,982 Bitcoin addresses that hold more than 1 BTC. Compared to the over 20 million known addresses, this figure represents a small amount of “whole bitcoin” owners. The basic definition of money covers a unit of account, medium of exchange, and a store of value. There is hardly any doubt as to whether BTC satisfies the first two even if the mechanics behind its operation might not be efficient at times. Bitcoin’s final hurdle is in being a store of value (SoV) putting it in the company…

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Microsoft Is Building an ID Verification Platform on Bitcoin

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Microsoft ID Verification Platform

Microsoft is leveraging blockchain technology to create a trustless digital identity scheme, but its not launching a token or building a private blockchain to do so. Its building on Bitcoin instead. Announced on May 13, 2019 , Project ION is an open-source, Layer 2 network built out of the public key infrastructure protocol Sidetree. In practice, “it is akin to Lightning, in that there is no secondary consensus among ION nodes,” a source close to the network’s development told Bitcoin Magazine . “This is just like Bitcoin, but for IDs,”…

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Poloniex Now Offers Bitcoin Margin Trading for 14 Altcoins

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Poloniex new pairs

Last week, Circle’s cryptocurrency exchange subsidiary, Poloniex, added Bitcoin-based margin trading for Bitcoin Cash (BCH) and Bitcoin SV, bringing the total altcoins available for with leverage to 14. According to the announcement, the following altcoins are now available: Bitcoin Cash, Bitcoin SV, Ethereum Classic (ETC), XRP (XRP), Ethereum (ETH), Monero (XMR), Factom (FCT), Litecoin (LTC), Bitshares (BTS), Dogecoin (DOGE), Dash (DASH), MaidSafeCoin (MAID), STR and Clams (CLAM). “Bitcoin Cash and Bitcoin SV won’t be the last, either, because we are working on adding other tokens and base pairs for margin,”…

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Nestlé And Carrefour Trial Blockchain For Greater Food Transparency

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Carrefour Nestle blockchain

Swiss food and drink multinational Nestlé and French hypermarket chain Carrefour are trialing blockchain to provide consumers with greater transparency in the food sector. From April 15, 2019, the technology will be applied to the famous Mousline instant mashed potato brand, available on shelves in Carrefour stores around France, to enable consumers to access reliable and unfalsifiable information on the supply chain and production of the products. Nestlé and Carrefour will test the blockchain platform with Mousline purée over the next few months. The pilot will help the firms understand…

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ING Bank Releases Blockchain Privacy Tool Bulletproofs

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ING Bank lion

Dutch global banking and financial services corporation ING introduced its new cryptographic blockchain development called Bulletproofs. Bulletproofs represents an extended technology for ING’s previous blockchain privacy-focused developments such as zero-knowledge range proof (ZKRP) and zero-knowledge set membership (ZKSM). ING bank first launched ZKRP in November 2017, enabling market participants to maintain anonymity in a transaction while still confirming its accuracy. For instance, the tool allowed a mortgage applicant to prove their salary within a certain range without revealing the exact figure. As an improved version of ZKRP, ZKSM was released…

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StackOverflow Developer Survey: 80% of Organizations Do Not Use Blockchain

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Developer Survey Results

Major developer community website StackOverflow has surveyed nearly 90,000 developers, and the results published on April 9 show that 80% of organizations are currently not using blockchain. As well, 12.7% of the developers responded that organizations use blockchain for non-currency applications, 4% for cryptocurrency-related applications, 2.1% accept crypto as payments and 1.3% are implementing their own cryptocurrency. StackOverflow also claims that developers in India are the most likely to say that their organizations are using blockchain technology. The most significant portion of developers, 29.2%, believes that blockchain is useful across…

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EU Blockchain Observatory Releases Report on Tokenization, AI and IoT

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EU Blockchain Observatory

The European Union Blockchain Observatory and Forum released a report entitled “Tokenization of physical assets and the impact of IoT and AI” on April 10. The report, authored by Dr. Tim Weingärtner, a professor at Lucerne University of Applied Sciences & Arts – School for Information Technology, features the “digital twin” concept, which refers to a digital replica of the physical world. This mirror world would be consist of Internet of Things (IoT) devices, big data, tokens representing physical objects, blockchain as a trusted ledger and Artificial Intelligence (AI). The…

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