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Michigan Secretary of State Nixes Crypto for Political Donations

The Michigan Secretary of State has formally barred cryptocurrencies from being used as donations to political campaigns, according to a letter published last Thursday. Michigan state legislature candidate William Baker, who lost his race in the Nov. 6 election, asked how cryptocurrencies’ value may be recorded for political donations, as well as how they may […]

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Combined Class-Action Lawsuit Against Ripple Moves to Federal Court

An ongoing legal battle between XRP investors and payments startup Ripple is entering its next phase. Attorneys for Ripple Labs and its affiliated defendants filed to move a consolidated class-action lawsuit from its previous venue at the San Mateo Superior Court to the U.S. District Court, Northern District of California, according to court documents published […]

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Accenture Puts Software License Management on a Blockchain Platform

Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset. Accenture announced in a press release Monday that the blockchain-based application uses Digital Asset’s smart contract language, DAML, and is aimed to simplify how its software licenses are tracked. An Accenture representative […]

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Japanese Firms Claim Success in Marine Insurance Blockchain Trial

One of Japan’s largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a “successful” trial that put the paperwork for marine cargo insurance claims on a blockchain. Tokio Marine & Nichido said in a press release Wednesday that its blockchain proof-of-concept (PoC) had seen participation from eight overseas claims-settling […]

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CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme. According to a press release issued Friday by the CFTC, the trader, Arizona resident Joseph Kim, admitted to defrauding investors of hundreds of thousands of dollars after misappropriating more than […]

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IBM Says Blockchain Can Power ‘Open Scientific Research’ in New Patent Filing

A patent application published Thursday claims the process of conducting scientific research can benefit from the blockchain. Led by a team at IBM’s Watson Research Center, the patent application presents a vision for dynamic collaboration – one where researchers can track their work across institutional borders. It’s another non-financial application of the distributed-ledger technology, which IBM […]

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Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously

A new use case is emerging for cryptocurrency: helping women who’ve suffered sexual harassment or assault gain financial independence while also protecting their privacy. Case in point, a sexual assault survivor used the crypto-powered payment processor Seeds to crowdfund $500 in September after the trauma left her unable to work for several months. Had she […]

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Crypto Exchanges Should Take a Hard Look at IP Address-Masking Services

The New York Attorney General (“NY AG”) recently issued a report on its fact-finding enquiries to multiple virtual currency trading platforms believed to be operating in New York. One of its many interesting findings was how virtual private networks (“VPNs”) may permit market manipulation. VPNs are a critical tool for privacy-minded cryptocurrency traders, as well […]

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Colorado Regulators Crack Down on Four More ICOs

Colorado regulators took action against four ICOs Thursday, bringing the state’s total number of cease-and-desist orders against crypto startups to 12. The state’s “ICO Task Force” rebuked Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd. Where the companies are based is unclear, a spokeswoman for Colorado’s Division of Securities told CoinDesk, though the unregistered securities […]