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China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor

China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said. Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival. Cheung: rollout could come in May 2020 “I think definitely within the next six to twelve months,” she told the network about a launch time frame.  China has …

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Binance Falls From Top 10 in CryptoCompare’s New Crypto Exchange Rankings

London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on aggregate volume data in its analysis, the firm said in a press release to Cointelegraph on Nov. 19. In order, the top 10 crypto exchanges in …

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IRS Laughs Off Coinbase User’s ‘Surveillance Conspiracy’ in Tax Reporting Case

The United States Internal Revenue Service (IRS) has argued that its summons on major American crypto exchange Coinbase is indeed legitimate in a recent filing. Per a Nov. 15 filing, the U.S. tax agency told a California federal court that its investigation of Coinbase customer William Zietzke is completely legitimate.  Zietzke claims summons was issued outside IRS’s authority Zietzke is attempting to quash the summons issued to Coinbase Inc. in June, which requested that they …

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PayPal Leads $4.2M Funding Round for Crypto Risk Management Platform

Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an investment round led by PayPal, with participation from other top investors including Initialized Capital, Blockchain Capital and Y Combinator. Building solutions to prevent crypto fraud and financial crime TRM, which was founded in 2018, aims to support financial institutions across the United …

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Lamborghini Now Uses Salesforce Blockchain to Certify Heritage Cars

Italian luxury sports car brand Lamborghini is using Salesforce Blockchain to authenticate heritage Lamborghini cars. Salesforce, a major global customer relationship management firm, announced on Nov. 19 that Lamborghini can now trace, certify and authenticate heritage cars faster and more securely using its blockchain platform. Launched in May 2019, Salesforce’s Hyperledger-based blockchain platform will now be implemented to create a trusted network between multiple participants for certification checks during a Lamborghini’s resale. Each Lamborghini vehicle …

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