Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

Aventus Network reveals Ethereum-based ticketing protocol to stop fraud and provide more transparency to the event ticketing industry. The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks…

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Crypto News From the Spanish-Speaking World: Sept. 8–14 in Review

Cointelegraph en Español presents a weekly digest of selected cryptocurrency- and blockchain-related news from the Spanish-speaking world. The Spanish-speaking world sees major cryptocurrency and blockchain developments with Uruguay approving a new bill that could be applied positively to ICOs, Cuba using crypto to access the global economy and Venezuela finally installing its first Bitcoin (BTC) ATM. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Argentinian Bitex stops accepting balance charges in US dollars Cointelegraph en Español reported on Sept.…

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Hacker Spends $1K to Win Over $110K in EOS Betting Game Using REX

A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency by exploiting EOS game of chance EOSPlay. A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency through an exploit of EOS gambling game EOSPlay. Biggest DeFi service EOS REX used An alleged bug in EOSPlay allowed the attacker to steal 30,000 EOS via using EOS REX, a major decentralized financial (DeFi) service enabling EOS lending in exchange for extra CPU on the EOS blockchain, crypto-focused publication CryptoSlate reports Sept. 14. According to the…

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Square Crypto Grants $100,000 to Open-Source Crypto Payment Processor

Square Crypto, the crypto-focused branch of mobile payment company Square, provides a $100,000 grant to BTCPay Server to support open-source BTC projects. Bitcoin (BTC)-supporting payments service Square Crypto is giving the first of what will be many grants to support open-source Bitcoin projects to BTCPay Foundation. BTCPay receives $100,000 grant On Sept. 14, Square Crypto, the crypto-focused branch of mobile payment company Square, took to Twitter to announce that it is providing BTCPay Foundation with a grant of $100,000 to support BTCPay Server, an open-source cryptocurrency payment processor. BTCPay Server…

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Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency use cases, and according to Ryver’s community manager, Sofia Corona, some people spreading the crypto message are doing it all wrong. Also Read: Developer Reveals Token Reward Platform Fueled by Bitcoin Cash 88% of Venezuelan…

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The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why

The IRS is using unreliable tax forms received from cryptocurrency exchanges to come after traders. Over the past month, we have seen the IRS, the tax collecting agency of the United States, send out more than 10,000 warning and action letters to suspected cryptocurrency holders and traders who may have misreported digital assets on their tax returns. Letters like the 6174-A, 6173 and CP2000 have appeared in the mailboxes of cryptocurrency traders throughout the country, and the crypto tax software company that I run has seen an influx of frantic…

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Latest Pitch to Recover Lost Mt. Gox Bitcoin Has Critics Raising Red Flags

A group of Russian lawyers claims that it has found a path to financial remuneration for victims who lost bitcoin in the historic 2014 Mt. Gox hack. But one blockchain lawyer, as well as other creditors, are cautioning that the deal being offered is more sour than sweet. The news comes after a dizzying saga for victims of the hack, whose only hope of resolution seemed to be through a civil rehabilitation case via the Japanese court system. But now Russian law firm Zheleznikov and Partners alleges that there’s another…

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Range-Bound Market Tests Macro Milestones

Summary: Amid an otherwise uneventful market structure, bitcoin seems to be making a consolidation pattern known as a “head and shoulders bottom.” The pattern is still forming and is not yet actionable, but if it manages to break to the upside, it could push the market to retest its $12,500 high.   The bulls really want to see a weekly close above the $10,300 level outlined in this video because that represents a strong weekly/monthly level. A close below this level would be a sign of potential bullish weakness and an…

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Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Chinese regulators are looking to heighten scrutiny on the cryptocurrency mining industry in Inner Mongolia. Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises. Terms of notice As local crypto outlet ChainNews reported on Sept. 14, five departments within Inner Mongolia have determined the need to rectify the mining industry within the province. The organizations named were the Development and Reform Commission, the Public Security Department, the Office of the Ministry of Industry, The Financial Office and…

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How Prime Brokerage Will Affect Crypto Markets

Prime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will happen when crypto gains its own Goldman Sachs – an institutional investment company whose AUM grant it unprecedented sway? Also read: Crypto Facilitates Money Transfer for Restricted China Prime Brokerage Is Coming for Crypto Prime…

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