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TON’s ‘Force Majeure’ Clause — Is Telegram About to Refund Investors?

TON investors could be left in the cold due to a reimbursement clause in the contract. Legal experts weigh in. Telegram’s grand entry into the cryptocurrency world is in limbo. After months of rumors, hype and anticipation, Telegram Open Network’s (TON) titan $1.7 billion sales round was declared illegal by...

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FATF Raises Money Laundering Concerns Over Libra and Stablecoins

FATF has concerns over Libra’s potential use in money-laundering if Facebook’s proposed stablecoin is to become widespread. Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins.Mass adoption of such currencies could hinder efforts to...

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ACINQ Unveils Its ‘2nd Generation’ Bitcoin Lightning Network Wallet

ACINQ Phoenix wallet opens Bitcoin Lightning Network to the masses. French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet, Phoenix, via Twitter, on Oct. 18. A video accompanying the post demonstrates a number of wallet functions, all accessed via a user-friendly interface.From setup to...

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Fake Tor Browser Steals Bitcoin From Darknet Users, Warns ESET

Slovakian software security firm ESET has uncovered a fake Tor Browser that steals Bitcoin from darknet shoppers. Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet.Fake browser distributed via 2 websitesTargeting users in Russia, the fake Tor Browser...

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Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial

Raiffeisen Bank participates in the first successful global tokenized collateral trial. Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported...

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SEC Insists Grams Are Securities — TON Launch Won’t Change This

Following Telegram’s counterclaim, the SEC insisted that the firm has violated securities laws, asking the court to grant a preliminary injunction. The United States Securities and Exchange Commission (SEC) has responded to Telegram’s counterclaim, insisting that Grams are securities.Preventing Telegram from further violationFollowing Telegram’s counterclaim on Oct. 16, where the...

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Bermuda Premier: Cryptocurrency a Great Equalizer Against Big Tech

The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative. The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative.In an interview...

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Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

Protecting users from government seizures and coercion of miners is paramount for Bitcoin, says Kevin Pan. Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said.Pan: Privacy is Bitcoin’s “real problem”In an interview with cryptocurrency media outlet...

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