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Coinbase Shutters High-Speed Crypto Trading Division, Axing 30 Jobs

Cryptocurrency exchange Coinbase is shutting down the Chicago office it opened a year ago, eliminating 30 engineering jobs. The San Francisco-based startup’s Chicago division, known as Coinbase Markets, was dedicated to creating sophisticated electronic markets technologies such as matching engines and high-frequency trading for cryptocurrency.   Coinbase said a year on, it had made the …

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Crypto Exchanges Huobi and Fisco Investigated by Japan Watchdog: Report

Cryptocurrency exchanges Huobi Japan and Fisco are said to have been investigated by the country’s financial watchdog last week. A Reuters report on Tuesday, citing “two sources familiar with the matter” said that the Financial Services Agency (FSA) visited the two exchanges to assess their customer protection and anti-money laundering (AML) provisions. Japanese exchanges run by …

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Blockchain Startup Filament Joins IoT Research Project Backed By Nevada

Blockchain startup Filament announced Tuesday that it is working with the University of Nevada, Reno on an autonomous vehicle research initiative. The work will see the development of new standards for blockchain-based connected devices, also known as the internet of things (IoT), as they relate to work on self-driving cars. The idea is that blockchain …

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SEC-Fined Crypto Project Abandons Cannabis Co-Working Space Plan

A cryptocurrency project previously sanctioned by the U.S. Securities and Exchange Commission (SEC) is selling a property that it had intended to use as a cannabis co-working space. The firm, ParagonCoin, revealed the news in a filing with the SEC late last month, stating that, while it had anticipated that its native PRG token could be used by …

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Crypto Custodian BitGo One-Ups Gemini With Advanced Security Exam

Crypto custodian BitGo says it has passed an advanced security review by an outside monitor, claiming to be the first crypto startup to receive this level of certification. Specifically, the company got a SOC 2 Type 2 certification, a standard security audit performed by an outside monitor assuring that a company keeps its security practices …

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Bitcoin Price Sees First ‘Golden Crossover’ Since 2015

View Bitcoin’s daily chart is reporting a “golden crossover” – a bull cross of the 50- and 200-day moving averages – for the first time since October 2015. The crossover represents a long-term bearish-to-bullish trend change. A convincing close today above $5,466 (April 10 high) would establish another bullish higher high and boost the prospects …

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Civic Inks Deal to Bring Blockchain ID to 1,000 Vending Machines

It started with selling beer, but age verification could crack open a whole industry to cryptocurrency. CoinDesk previously reported on the demonstration of Civic’s beer-selling machinery at this year’s South by Southwest (SXSW). Now the company is announcing partnerships with six major automated retail companies – Fastcorp Vending, IVM, Invenda, Retail Automated Concepts, SandenVendo and …

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Binance Launches Decentralized Exchange Ahead of Schedule

Binance’s much anticipated decentralized exchange (DEX) has gone live ahead of its planned schedule. The world’s top cryptocurrency exchange by adjusted volume announced the news on Tuesday, saying that while trading will begin “at a later date,” users can now create wallets on Binance DEX and start deposits and withdrawals of the company’s token, BEP2. A representative told …

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Student Gets 10-Year Jail Term for SIM-Swap Crypto Thefts Worth $7.5 Million

A 21-year-old student from the U.S. who stole over $7.5 million in cryptocurrency via SIM-swapping hacks has been sentenced to 10 years in prison. The Santa Clara County’s District Attorney’s Office announced Monday that the thief, Joel Ortiz, had hacked the cellphones of at least 40 individuals. Ortiz was a “prolific” SIM swapper, the Attorney’s …

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Bitcoin’s Price Climbs Above $5,500 to Reach 5-Month High

Bitcoin’s price extended its recent gains today by spiking above $5,500 for the first time in over five months. At 04:00 UTC, the world’s premier cryptocurrency, whose market capitalization accounts for more than half of all other cryptocurrencies combined, picked up a bid and saw its price climb as high as $5,650 in less than …