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Bitcoin-inspired Art Sells for over USD 131,000 at Christie’s


The link between the worlds of arts and blockchain-powered non-fungible tokens (NFTs) is continuing to deepen for collectors worldwide, with a bitcoin (BTC)-themed work named Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind) – a piece inspired by blockchain technology – fetching...

Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector


Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis. Now,...

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority


Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...

With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale


2nd October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial...

Staffer Embezzled USD 159,000 of Bank Funds to Make Crypto Purchase


An employee at one of South Korea’s biggest commercial banks stole and embezzled thousands of USD worth of bank funds to make their own crypto investments, a new report has found. Per Choseh Keumyong Shinmun, the country’s top financial regulator, the Financial Supervisory Service, has this week...

Bitcoin Struggles Near USD 11,000, Altcoins Showing Positive Signs


Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards...

Crypto Exchange Bithumb ‘Not Liable’ for Customer’s USD 401,000 Losses


The Supreme Court of Korea. The South Korean market-leading crypto exchange Bithumb has won its legal struggle against an investor who accused it of negligence, claiming he lost USD 401,000 in cash after a 2017 data breach. Per news agency Yonhap, a man identified only as “Mr. A” for legal reasons...

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days


During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment...

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