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CryptoKitties, the Ethereum-based virtual collectible game developed by Blockchain startup Axiom Zen, has raised $12 mln in funding from a group of investors, led by two top venture capital firms Andreessen Horowitz and Union Square Ventures, as reported by CryptoKitties’ Medium account on March 21. CryptoKitties (谜恋猫)@CryptoKitties CryptoKitties has raised $12M to make the blockchain purr. https://medium.com/cryptokitties/cryptokitties-receives-12m-in-funding-38322f90ab65 … …

Britain will unveil a task force that examines both the risks and benefits of cryptocurrencies. The U.K.’s finance department, the Treasury, announced Thursday that the task force includes Britain’s central bank, the Bank of England, and the Financial Conduct Authority watchdog. The task force is part of a wider fintech, or financial …

Who has the authority to change a public blockchain? It’s a question that has been in the minds of top cryptocurrency developers as the many available networks struggle to serve their diverse, often conflicting stakeholders. But that’s not to say there aren’t norms and best practices – the ability to …

According to a group of researchers, cryptocurrency users are a bunch of freeloaders. Well, maybe they wouldn’t go that far, but they argue users aren’t paying for certain data they should be paying for, and in turn, are putting the growth of blockchain networks at risk. At least that’s the …

South Korea’s leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use new telecommunications system powered by blockchain security solutions. KT’s digital infrastructure project, dubbed “Future Internet,” will let people and businesses earn rewards for using their own data instead of portal operators like Google, which currently …

I was at Token Fest in San Francisco last week. It was truly a “Fest.” The cocktails flowed at a VIP party the evening before opening. The next morning a band of mariachis and an elaborately costumed troupe of dancers led the first waves of a total of 1,800 attendees …

China’s Shenzhen Stock Exchange (SZSE) is investigating the second public company within a week over a claimed blockchain partnership. According to a letter issued Tuesday, the SZSE is requiring a healthcare device maker called Lifesense to provide details over its Monday announcement that it will partner with a blockchain startup to launch a research lab, purportedly …

The Organization for Economic Co-operation and Development (OECD), a global intergovernmental body, has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency. In a report sent to financial ministers and central bank regulators of the G20 member countries on Tuesday, the OECD said it is looking to develop …

The Commodity Futures Trading Commission is having trouble serving a court summons to a binary options trader charged in January with stealing more than $1 million in bitcoin. The U.S. commodities regulator claimed in a court filing Tuesday that Dillon Michael Dean is avoiding their attempts to present him with …

Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin. In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar’s dominant place in world finance …