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Bitcoin Price Makes Second Straight Monthly Loss in September – CoinDesk

Bitcoin (BTC) is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter. At press time, the leading cryptocurrency is trading at $6,570 – down 6.30 percent from September’s opening price of $7,014. BTC also registered a 10-percent decline in August, according to CoinDesk’s Bitcoin…

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New Ripple-Led Advocacy Group to Pay Lobbyists in XRP – CoinDesk

Ripple is leading a number of organizations launching a lobbying group in Washington D.C., Business Standard reported Friday. Dubbed Securing America’s Internet of Value Coalition (SAIV), the group includes, apart from Ripple, the RippleWorks Foundation; Coil, a company developing a solution for digital payments; Hard Yaka, an investment firm focusing on digital assets; and PolySign, a…

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Michael Arrington's VC Firm to Leave US Following Subpoena – CoinDesk

Digital asset management firm Arrington XRP Capital may be poised to cease funding any U.S.-based startups. Partner and founder Michael Arrington tweeted Friday morning that the company had “received a second subpoena” from the U.S. Securities and Exchange Commission (SEC) due to the firm’s role as an investor in a company based in the United States. He…

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One Musician's Creative Solution to Drive ASICs Off Monero – CoinDesk

Algorithms are creative. At least, that’s according to Howard Chu, a monero core developer who has dedicated his time to protecting the crypto from specialized mining hardware, called ASICs, built by a multibillion-dollar mining industry. And recently, Chu found a solution to permanently keep ASICs off the network – a proof-of-work algorithm he calls RandomJS…

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Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges – CoinDesk

The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin. The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for “fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents”…

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Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances – CoinDesk

Privacy-focused bitcoin wallet Samourai is dropping fiat balances from its platform, the company announced Friday. The Samourai Wallet’s latest release includes a number of changes, including the fact that it is now available in 12 different languages, according to a blog post. However, the most significant change will see the three-year-old platform change from showing…

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Ethereum Security Lead Joins Effort to Oust Blockchain's Big Miners – CoinDesk

A notable voice is joining the ranks of ethereum developers who are seeking to block powerful ASIC miners from earning an outsized share of the platform’s valuable ether cryptocurrency. In an developer meeting Friday, Martin Holst Swende, security lead at the Ethereum Foundation, said he supports swift action to remove ASIC mining hardware from the ethereum…

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WSJ Investigation Alleges $88 Million Laundered Through 46 Crypto Exchanges – CoinDesk

Nearly $90 million potentially associated with criminal activity was laundered through 46 cryptocurrency exchanges, the Wall Street Journal reported Friday. In particular, the Journal reported, some $9 million was laundered through ShapeShift AG, the Erik Voorhees-led cryptocurrency exchange known for allowing users to maintain their anonymity, over a two-year period. Moreover, this was the largest…

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