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Levine on Wall Street: FX Fallout and the Value of Volatility

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Franc fallout.

So … how’s your foreign-exchange trading going? Yesterday’s pick-a-number-standard-deviation move in the Swiss franc "caught everyone off guard," "sent the markets into a tailspin," is "likely to create more volatility in the short term," and left a lot of people very embarrassed or broke: Anthony Peters, a broker at Swiss Investment Corp., said firms that were selling options tied to the Swiss franc may be among losers. They would have lost money as volatility […]

DHS Agent Believed Mark Karpeles to Be Head of Silk Road

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Silk Road The number two spot for the most hated man in Bitcoin has changed a lot. Currently, it might just be Josh Garza as many PayCoin investors are not happy with the results of that investment. For a while it was Butterfly Labs CEO Sonny Vleisides, and for a while it was that NewsWeek reporter. But the number one spot has never been up for debate. It has been and may always be, […]

New European Legislation Ties Taxes in Online Orders to the Country of Purchase

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The European Union introduced legislation in November 2014 that implemented a new Value Added Tax (VAT) to virtual purchases. The legislation took effect on January 1, 2015. It is designed to reduce the  ability of companies to avoid taxes, especially large companies such as Amazon.com.

Instead of taxing an item based on the country where it was manufactured, or to the location of corporate headquarters, the item is taxed based on the country where the […]

Paul Koster Calls for Immediate Ban on Bitcoin

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ForexMinute.com – Netherlands Stockholder Association’s Director Paul Koster recently requested the central bankers to immediately ban the cryptocurrency Bitcoin.

According to a report published on Dutch news service BNR , Koster deliberately chose the Bitcoin’s worst trading phase to throw tantrums over it. “These volatile Bitcoin price fluctuations prove that this market is not supervised and/or regulated by any government or institution,” he said. “As a result, it is impossible for banks, consumers, investors and […]

Bitcoin News Mash-Up: Coinbase Expands Territory; Roundtable Discussion Announced; and More

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Following are the major Bitcoin news of the day

Coinbase Expands its Services to Seven US States

Bitcoin wallet and payment processing company Coinbase recently announced to extend its services to over seven US states. They are: Alabama, Iowa, Kansas, Mississippi, New Hampshire, New York and North Dakota (totaling 22 states). Users from these states will now be able to buy Bitcoins without using a credit card. You can read the entire report […]

South Koreans Can Now Buy Bitcoin from 7–Eleven

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South Korean exchange Coinplug is set to drive a rollout of Bitcoin gift cards, which anyone will be able to purchase from convenience stores imminently.

OkBitcard , a scheme which will allow customers to purchase US$50 worth of bitcoin, is already operational in a range of merchants in South Korea, including 7-Eleven, in the form of a printed receipt. Soon, Coinplug stated, physical cards will also be widely available.

The company confirmed in a Reddit […]

Interview with CEX.io’s Jeffrey Smith on Why They Paused Mining and the Future of the Industry

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In a less than graceful tweet, Jeffrey Smith , the CIO of CEX.io , announced that the company would be  pausing mining for its users. Taking into account the Bitcoin price drop, and the increase of difficulty, we will pause cloud mining after the next difficulty increase — Jeffrey Smith (@jeff_smith01) January 12, 2015 Instantly, the internet erupted. Accusations were thrown around, of course, and many wondered out loud if this was the beginning […]

Defense Attorney: Ross Ulbricht Created the Silk Road, But a Different Dread Pirate Roberts Committed the Crimes

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Inside U.S. v. Ulbricht. Illustration by Susie Cagle. On October 2, 2013, Ross Ulbricht was arrested at the Glen Park branch of the San Francisco Public Library, his laptop open and connected to the library wi-fi. The government claims he is the Dread Pirate Roberts, the infamous kingpin of the Silk Road, an online black market for drugs and other illicit goods. Ulbricht’s trial began today, after many delays over the last few months.

The […]

The Russian Authorities Moving Ahead to Suppress Bitcoin, Block Seven Bitcoin Websites

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Looks like Russia is serious taking head-on against Bitcoin as the latest development shows that the Russian telecommunications regulator Roskomnadzor has blocked access to Seven Bitcoin-related websites. The authorities in the country believe that the cryptocurrency contributes to the growth of the shadow economy.

Earlier the number of website that were blocked by Roskomnadzor was five that included Bitcoin.org, a primary community resource for the cryptocurrency that’s run by the Bitcoin Foundation, the Bitcoin.it community […]

UK May Attempt to End Anonymity in Bitcoin Transactions, May Cause a Rise in the Use of DarkWallet

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A proposed UK bill could end anonymity in Bitcoin transactions by logging of all content accessed via UK ISPs. This will leave only services such as DarkWallet as truly anonymous options, placing them firmly in the sights of UK lawmakers seeking “the legal power to break into the encrypted communications of suspected terrorists.”

Speaking in the wake of the Paris terrorist attacks at the Charlie Hebdo offices and a kosher supermarket, UK Prime Minister David […]

Russian Authorities Blacklist 5 Bitcoin-Related Websites

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The Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor in Russian) has blacklisted five Bitcoin-related websites.

Roskomnadzor has effectively blocked access to Bitcoin.org – an online community of cryptocurrency users and specialists supported by the Bitcoin Foundation – entering it into a registry of prohibited websites despite the site not having any user-submitted content.

Upon accessing Bitcoin.org, users have been receiving the following: — Access Denied. Access to the requested resource was blocked in […]

Russia’s Media Watchdog Blocks Bitcoin Websites

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Russia’s media watchdog has blocked access to a number of bitcoin-related sites, citing a court order from 30th September.

The Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor) allows visitors to check whether or not a site is blacklisted . At press time,  Bitcoin.org , Bitcoin.it ,  BTCsec.com  and bitcoin exchange Indacoin were blacklisted.

According to TJournal.ru , Roskomnadzor cited a  ruling of the district court of the city of Nevyansk, Sverdlovsk region, as […]

Perianne Boring Talks Anti-Money Laundering Compliance and the Boot Camp Offered at TNABC

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Perianne Boring Talks Anti-Money Laundering Compliance and the Boot Camp Offered at TNABC Flike

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G+1Pin Perianne Boring is the president of the Digital Chamber of Commerce . The chamber will be hosting an Anti-Money Laundering Boot Camp at the North American Bitcoin Conference 2015 in Miami on January 16 and 17. Boring took time from her schedule to speak with CoinTelegraph about the boot camp and the importance of compliance with AML regulations for companies […]

Cash Buys Charlie Hebdo Massacre, Bitcoin says Adieu aux Armes (Op-Ed)

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Cash Buys Charlie Hebdo Massacre, Bitcoin says Adieu aux Armes (Op-Ed) The Charlie Hebdo terror and other Paris attacks renew concerns about the ease with which terrorist cells in Europe can get illegal arms. Media outlets have even started to speculate that some of the arms could have been bought with Bitcoin – but reality renders such speculation groundless.  

The weapons wielded by gunmen in last week’s Paris terror attacks were AK-47 rifles, the […]

Internet of Coins Releases White Paper for Infrastructure That Supports Inter-Blockchain Transactions

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Internet of Coins Releases White Paper for Infrastructure That Supports Inter-Blockchain Transactions Internet of Coins, an organization striving to create an infrastructure that supports inter-blockchain transactions, announced the release of its white paper at the Bitcoin Embassy Amsterdam during its launch party on January 3, 2015.

Newly founded Internet of Coins aims to create a decentralized, self-sustaining economy by connecting different blockchains through a hybrid peer-to-peer meta-network. The system will be offering a peer-to-peer, "inter-systemic […]

Accused Silk Road creator goes to trial amid U.S. scrutiny of bitcoin

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NEW YORK (Reuters) – A U.S. crackdown on use of the digital currency bitcoin for drug trafficking and other crimes is headed for its highest-profile test yet, as a trial begins for the alleged creator of an online marketplace catering to vice.

Jury selection is scheduled for Tuesday in Manhattan federal court in the case of Ross Ulbricht, who authorities say created Silk Road, an online black market where drugs and others illegal goods could […]

Dr. Jose Martinez, talking about the ‘BITCOIN’ trading – BancoFX

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Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.
There are no physical Bitcoins, only balances associated with public and private keys. These balances are kept on a […]

The Strangest Altcoins of 2014

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The past 12 months have seen a veritable explosion in the number of alternative digital currencies, otherwise known as altcoins.

The numbers for exactly how many altcoins are in existence vary depending on the measure. CoinMarketCap.com lists 554 cryptocurrencies at the time of writing – up from around 67 a year ago.

According to some estimates, however, thousands of altcoins have seen some level of circulation since the bitcoin protocol first became available for use and adaptation.Many altcoins set […]

Bitcoin Talk Show #8 (Live) — Call or Skype in with your thoughts! What is the future of

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Bitcoin Talk Show #19 (Live) – Call 1-708-23-COINS (26467) or Skype BitcoinTalkShow HD.

Bitcoin Talk Show #7 (Live) — Call or Skype in with your thoughts! What is the future of Bitcoin?

If you enjoyed the show please donate as this is our only stream of income: Bitcoin: 13U4g.Without government run central banks and inflationary currencies, engaging in war is much more difficult. Stefan Molyneux speaks about the potential of bitco.

US Digital Currency Pioneer Taps UK Crowdfund Investors

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2014 ended well for digital currency company, Bitreserve. With a crowdfunding campaign up and running here in the UK and a parallel investment drive underway on the other side of the Atlantic, the US-based business succeeded in raising £6.3m ($9.6m) before the year drew to a close.

In the US, Bitreserve used San-Francisco-based investment platform Venovate to source funding from its community of “sophisticated” investors. Meanwhile here in Britain, the company pitched its offering via […]

How Your Teenage Son or Daughter May Be Buying Heroin Online

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One element of cybersecurity that is often overlooked is the impact of the cyber world on people’s physical security. Parents seeking to protect their children are often aware of concerns such as cyberbullying and adolescents making inappropriate social media posts, but remain uninformed about the grave danger of easy access to illegal drugs facilitated by the protection afforded by the anonymous nature of the Internet.

I recently sat down with Dina Gusovksy of CNBC to […]

Bitcoin The Currency Of The Future

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Bitcoin The Currency Of The Future

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No More Burners: Using BitSMS and ChiliPhone Together Can Eliminate The Need For Disposable Phones

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For those who exist in the gray and darker areas of the legal spectrum, pre-paid “burner” phones offer a convenient, workable way to avoid surveillance.  Buy a phone at a gas station with some prepaid minutes, call or text your clients, get rid of the phone before the authorities are even aware of the number.

There are problems with that method. The hardware is an unnecessary expense, gas station attendants might wonder why you keep […]

Clearing the Air Over MaidSafe’s Patent Request: An Interview with COO Nick Lambert

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“Our connection to Bitcoin is that we share the community’s passion for decentralization and its ability to re-address the balance of power.” —MaidSafe COO Nick Lambert A recent article published on CoinTelegraph, entitled MaidSafe Founder Seeks Monopoly on ‘Distributed Network System,’ caused some unintended controversy. We feel it is our duty to provide readers with all available information, which is why we got in touch with MaidSafe COO Nick Lambert.

David Irvine, founder and lead […]

My Experience in ‘Bitcoin City’ Arnhem

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Arnhem Bitcoinstad In October of 2014, CoinTelegraph reported that the city of Arnhem in the Netherlands had become the densest concentration of Bitcoin merchants in the world. And in November, the organizers held a successful six month anniversary event entitled “Arnhem Bitcoin Metropolis,” which attracted nearly 100 people who made over 175 Bitcoin transactions. First Stop: Bitcoin City

While on vacation in the Netherlands during the holiday break, I decided to bring my bitcoin-filled […]

ShapeShift Releases New Tool Allowing Merchants to Accept Payments in 10+ Cryptocurrencies

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ShapeShift Releases New Tool Allowing Merchants to Accept Payments in 10+ Cryptocurrencies ShapeShift releases the Shifty Button, a tool allowing online merchants to start accepting payments in 11 different cryptocurrencies, including Bitcoin and leading altcoins Litecoin, Dogecoin, and Darkcoin.

The Shifty Button is a free and simple HTML code, which can be placed into any payment page. When added to a website, users are then given the ability to deposit any of the altcoins supported […]

CDC to Discuss Banking Service Issues with US Treasury

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ForexMinute.com – In response to US Treasury Department’s invitation for a roundtable discussion on Financial Access for Money Services Businesses (MSB) next week, the Chamber of Digital Commerce recently formed Financial Access Task Force – a team that will highlight the banking accessibility issues faced by Bitcoin businesses in the US.

Just like China, Bitcoin businesses in the US are currently facing hurdles in accessing banking services, thanks to a law that allows banks to […]

Think Tank Launches To Educate Lawmakers and the Media on Blockchain Technologies

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Coin Center In September, Coin Center announced that they were launching a blockchain-technology think tank with a $1 million budget . Tuesday, they kicked off the website, which includes a number of resources.

The think tank, which they call “ a new voice for Bitcoin ,” is dedicated to spreading knowledge about cryptocurrency technologies. Coin Center runs under the vision of Executive Director Jerry Brito, who left his position as senior research director at Mercatus […]

Coin Center Unveils Bitcoin-Focused Public Policy Website

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Coin Center, a non-profit research and advocacy centre, announced today the launch of its new website that offers educational resources and detailed information about the organisation.

The group focuses on the public policy issues facing cryptocurrency technologies such as bitcoin. It provides updates on advocacy efforts, publishes policy research and serves as a resource for education on digital currencies as well as a repository of policy research from various respected academics and experts.

CoinCenter.org has […]

Bitwage And Amagi Metals Partner For Bitcoin Payroll

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Bitcoin-friendly Amagi Metals has announced that its entire staff will voluntarily accept a portion of individual employee paychecks in Bitcoin in 2015 through Bitwage . CEO of Amagi Metals Stephen Macaskill said the company is taking this action to advance its ability to function fully in Bitcoin going forward. Macaskill will accept $40,000 of his annual salary in bitcoin to demonstrate his support of Bitcoin.

The announcement came on the heels of Amagi Metals’ August […]

US Treasury to Consider Bitcoin Industry Concerns Over Banking Access

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The US Treasury Department plans to spell out the government perspective on financial access for money services businesses (MSBs), as well as hear concerns from the MSB community, at a roundtable discussion next week.

In response to the announcement of the meeting, the Chamber of Digital Commerce  (CDC) has created the Financial Access Task Force and applied to make a presentation highlighting the issues that digital currency businesses face when trying to establish banking relationships.

The CDC, a digital currency advocacy […]

Understanding Bitcoin: Cryptography, engineering and economics by Pedro Franco [Review]

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Understanding Bitcoin (Wiley, 2015) At the core of this scholarly book is a dissection of bitcoin’s biggest achievement. That is the transmission of value over the internet, an inherently insecure channel, without any reliance on a trusted third party. Even the harshest critics of bitcoin the currency (as opposed to Bitcoin the protocol) would agree the technology has legs, and then some.

Pedro Franco, the author of ‘Understanding Bitcoin: Cryptography, engineering and economics’ begins with […]

Bitreserve Lawsuit Rumor Untrue

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CoinTelegraph can reveal that reports of Bitreserve facing a trademark lawsuit because of its use of the name “Bitgold” are unfounded.

A recent article in Altcoin Press suggested that Nick Szabo, who supposedly trademarked the name “Bitgold”, could bring a lawsuit against the digital money service.

The article, however, appears to be complete speculation. CoinTelegraph checked the United States Trademark and Patent Office and found no registered trademark under the name “Bitgold”.  The article included a […]

Bitcoin Currency – Bitcoins Financial Revolution

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Bitcoin Currency – Bitcoins Financial Revolution
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Bitcoin is Closest Commodity to Gold Says Citi Chief Economist

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Bitcoin is Closest Commodity to Gold Says Citi Chief Economist
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Leverage Holdings, LLC Brings the First Bitcoin ATM in Iowa

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Leverage Holdings, LLC, the parent company of Leverage Consulting, Leverage Metals, Leverage Cloud Brokerage and Fungicoin, says that it has brought in the first Bitcoin ATM in Iowa. The announcement came in the form of a press release wherein the company says that that is moving into the Gravitate Entrepreneurial space in the Midland Building.

The press release issued by the company says that it is moving to Midland Building with big plans for the […]

Bitcoin News Mash-Up: BitStamp Got Issues; California Approves Bitcoin; and More

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Following are the major Bitcoin news of the day

BitStamp Acknowledges Problems with Its Hot Wallets
BitStamp today mailed his customers to inform them about a persisting issue in their platform, saying that their transaction server is detecting problems with their hot wallet, as a result of which they cannot process withdrawal requests. The Slovenia-based exchange further asked users not to get involved in any inbound or outbound transactions, until the problem is […]

Jason Burack–They're Coming For Bitcoin 21.Nov.13

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presents
Jason Burack connected with FSN again for a wide ranging discussion. He believes that the government has Bitcoin in their sites and that they will be dealt with through the tax code. FSN thinks Bitcoin will be destroyed through market manipulation-they will be driven into a hyper-bubble and then popped. Jason thinks that gold and silver will soon be freed and allowed to find their true level, probably around March. And of course […]

6 (More) Bitcoin Myths Debunked

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We’ve all heard them before.

As a groundbreaking innovation, bitcoin naturally attracts skeptics just as strongly as it attracts supporters, and the technical and theoretical complexity of the digital currency can cause a considerable amount of confusion with those who are not ‘in the know’.

The result is that critics of bitcoin oftentimes fall back on one or two euphemisms to express why they think it will never succeed – simplified statements like "bitcoin is a ponzi […]

Is Falling Bitcoin Value a Cause for Concern?

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Related Articles

In the short term, the answer is yes. Despite numerous encouraging announcements in the cryptocurrency industry, Bitcoin faces downward price pressure in the near term. Some of this downward pressure is inherent, as roughly 3600 Bitcoins are mined per day. Taking it a step further, at a price of $300 per Bitcoin, $1,080,000 of new Bitcoin must be purchased every day to maintain the current price. Bitcoin will need to live through […]

Weekend Roundup: Snowden Accepting Bitcoins, Ecuador’s Digital Money Launches, and ChangeTip Rolling Out Facebook Support

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Weekend Roundup: Snowden Accepting Bitcoins, Ecuador’s Digital Money Launches, and ChangeTip Rolling Out Facebook Support On Thursday, Carlo Caraluzzo reported that American whistleblower Edward Snowden is accepting bitcoins to finance his legal defense. “Snowden is accepting donations in PayPal, credit card, check, bank transfer and now, of course, Bitcoin. Donations can be made at this location . The donation website is in fact owned and operated by WikiLeaks and is registered by Julian Assange, […]

California Approves Bitcoin for Transactions

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California has now become “Crypto-rnia”.

The state’s governor Jerry Brown has approved bitcoin for transactions, thus making California a sturdy haven for digital currency.

The news comes following the ratification of a new finance bill originally approved in the summer of 2014.  The bill’s objective was to end all prohibitions on alternatives to U.S. dollars for commerce in the state.  Through the bill’s official ratification, alternate currencies (including bitcoin and related virtual monies) are hereby permitted […]

Snowden Looking to Bitcoin to Raise Funds for Legal Trust

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Edwardsnowden.com , a website raising funds for whistleblower Edward Snowden ’s legal defense campaign, is announcing that it will accept bitcoin donations for the cause.

Snowden had previously leaked millions of classified documents to various members of the media, showing evidence of government spying on Internet users and wiretapping phone calls.  He has been hiding in Russia ever since and is wanted by the U.S. on charges of theft and espionage.

When speaking of the incident, […]

MaidSafe Founder Seeks Monopoly on ‘Distributed Network System’

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MaidSafe founder David Irvine asked the U.S. government in June 2014 to create and enforce a monopoly on his behalf. On January 1 of this year, the U.S. government agreed to do so . The monopolistic grab goes by another name, too: patent.

The following computing process is what Irvine now claims he owns: “A method of storing data from a first node on a peer-to-peer network. The method includes creating a public and private […]

California Governor Approves Bitcoin for Transactions

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[Editor’s note: The original version of this article carried the headline “Bitcoin becomes legal tender for transactions in California.” The use of the phrase “legal tender” overstated the extent of the new legislation, and was inaccurate. Although alternative currencies are now legal for transaction in California, there is no legal obligation for their acceptance in transactions. CoinTelegraph is sorry for the error.]  

Bitcoin can be accepted and used for transactions in the US state of California […]

BitOasis Aims to Change how People Transact in the Middle East Using Bitcoin

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Bitcoin can offer many solutions to the Middle East, from fostering youth entrepreneurship to enabling farmers to receive loans in the digital currency, says BitOasis’ Ola Doudin.

BitOasis , a Bitcoin exchange and multi-sig wallet dedicated to the Middle East, is working on bringing Bitcoin to the region. Its founder, Ola Doudin , a former Ernest & Young associate, believes the technology has the potential to address the many challenges encountered in the region […]

Bitcoin Gets Approval from California Governor

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The governor of the US state of California has approved Bitcoin ; thus, the digital currency can now be accepted and used for transactions in the US state. This has been made possible by the ratification of a new finance bill which has made it possible for users to pay in Bitcoin. Earlier, only US Dollars were officially recognized.

However, now that the new bill allows for the use of other national and digital currencies, […]

Crypto 2.0 in 2015: Turning Bitcoin Theory Into Big Business

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Chip, computer 2014 may be remembered as the year the bitcoin protocol became unrealistically lauded as a magic cure-all to problems plaguing everything from cancer research to copyright law.

What may have been lost in this stream of sometimes sensational headlines is that, while bitcoin’s distributed ledger technology is empowering a new wave of entrepreneurs to experiment with legal contracts, identity and ownership, the foundations for such solutions are, in reality, still being built.

Looking ahead, though, the […]

Cody Wilson Speaks Out on Campaign to Dismantle Bitcoin Foundation

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Anarchist activist Cody Wilson has officially launched his candidacy for the upcoming Bitcoin Foundation board elections, and reaffirmed his intention to try and disband the organization from within if successful.

Wilson nominated himself with a post on the foundation’s forums on 20th December and has also launched a website  to support his campaign.

A staunch opponent of bitcoin regulation or centralization, Wilson is also best known for co-founding Defense Distributed , a donor-funded nonprofit organization that […]

The Future of Money and Bitcoin – Max Keiser

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The Future of Money and Bitcoin – Max Keiser
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Edward Snowden Is Accepting Bitcoin Donations for His Legal Defense Fund

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Edward Snowden Edward Snowden now accepts donations in Bitcoin for his legal defense fund.

Snowden is one of the most well-known people in the world. The computer professional made his name after he exposed the massive spying programs that are being used against not only American citizens, but everyone in the world. Because of how he came by this evidence, though, Snowden is now a fugitive from the United States and is taking shelter in […]

Greece at a financial cross-roads and a practical solution could be Bitcoin

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Political instability in Greece could elect an anti-austerity party in the coming weeks, looking for new financial solutions, perhaps Bitcoin. With a weakened economy and risk of exit from the euro-zone, the Greek party needs new economic policy to solve the country’s deficit.

In the last 24 hours, Greek MPs have rejected the government’s presidential nomination triggering a new round of parliamentary elections, likely to bring the left wing to power. The coalition of radical […]

10 Bitcoin Resolutions for 2015

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A lot can happen in 365 days.

A year ago, 1 BTC was worth $770, governments around the world were either terrified of bitcoin or laughed it off as a passing fad and it was a lot harder to find a place to spend your bitcoins.

Today, you can buy a bitcoin for $316 , governments and financial institutions are starting to understand the disruptive potential of the bitcoin protocol and digital currencies, and bitcoin shopping options are […]

The True Value of Bitcoin: What You Really Need To Know

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Stefan Molyneux, MA, host of Freedomain Radio, brings over 15 years of software and business entrepreneurial experience to the question: What is the true val.

Stefan Molyneux, MA, host of Freedomain Radio, brings over 15 years of software and business entrepreneurial experience to the question: What is the true val.

Bitcoin is the currency, idea, software, movement that will change the course of human history. Stefan Molyneux, MA, host of Freedomain Radio, a man who has […]

Bitcoin Analysis: Week of Dec 28 (Year in Review)

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Bitcoin Analysis Note from the Author: Please see ( @Tone_LLT ) for more timely updates throughout next week on price developments and latest charts. Last Week’s Review

Last Week we concluded with the following:

Because just 14 months ago the price of a bitcoin was around US$100, the long term chart is still showing tiny signs that a reversal can come any week so we have to remain slightly bullish on that time frame. […]

Has China Abandoned Bitcoin?

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Shanghai Composite There has been much conjecture on the role China has played in the rise and fall of Bitcoin’s price. Most in this space recognize that China has been leading the Bitcoin marketplace in terms of trading and volume. If this is the case, perhaps looking through some charts would shed some light on where Chinese money is flowing.

Below is a chart comparing the Shanghai Composite with the price of Bitcoin. First, let’s […]

Bitcoin would help in transition towards cashless society, says India’s central bank chief

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RBI Governor Raghuram Rajan Reuters Raghuram Rajan, governor of the Reserve Bank of India (RBI), said digital currencies such as bitcoin would be helpful in the transition towards a cashless society, as they become better and safer in the future.

In an interview with NDTV, Rajan said the digital currency is "fascinating", despite apparent drawbacks.

"I think we are still watching the evolution of these kinds of currencies," he said."One of the problems that we envisage […]

India’s Central Bank Could One Day Use Digital Currency, Chief Says

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India flag cash composite Reserve Bank of India (RBI) governor Raghuram Rajan spoke out on bitcoin at a televised event organised by the NDTV network late last week.

During the  discussion , which looked at aspects of the Indian economy, the governor was asked for his opinion on bitcoin. He responded by saying that the digital currency is “fascinating”.

However, Rajan was also cautious about the risks of the new technology.“I think we are still watching the evolution of these kinds of currencies," […]

Bitcoin Wedding Industry Taking Off, iDIAMONDS Taking Bitcoins

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The digital currency wedding industry is taking off with iDIAMONDS offering diamond rings for Bitcoin. Following the first blockchain wedding at Coins in the Kingdom in late 2014, the wedding industry is taking note, as everything from rings to wedding dresses becomes savvy to the spending power of Bitcoin.

Online diamond and jewellery dealer iDIAMONDS is seeking to capture some of the US$ 4 billion value in the Bitcoin world, by pairing with BitPay to […]

RBI Governor: “Virtual currencies will be much safer and get better in future”

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Reserve Bank of India Governor Raghuram Rajan recently exhibited his views on virtual currencies like Bitcoin.

In an interactive session with students organized by popular Indian news channel NDTV, Dr. Rajan was asked by one of the attendees about India’s current stand on digital currencies, to which he replied:

“I have no doubt that down the line, we will be moving towards primarily a cashless society and we’ll have some kind of currencies like this which […]

Greece and Bitcoin: A Possible Future

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Greece has been experiencing rough times since 2008.  The economy has shrunk by about one quarter.  Unemployment stands at about 25 percent, hundreds of thousands of businesses have closed and many of the nation’s people are living in poverty.

In the midst of all this, it appears that the country is having difficulty electing a new presidential leader.  Eurozone bonds and European shares experienced a heavy slump today following the Greek Parliament’s rejection of the […]

India Soon To Be A Cashless Society, Says Governor

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India has been a little slower than many Western – and indeed Asian – nations in its adoption of digital currency, but it looks as though we are finally seeing some movement in the right direction. In a television interview released earlier today, Raghuram Rajan , Gov of the reserve bank of India, voiced is opinion on bitcoin and its likely future in India.

Seemingly in strong support for bitcoin adoption, the governor responded to […]

MegaBigPower: 2014 Was a Game Changer for Bitcoin Mining

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The bitcoin mining landscape was, perhaps, permanently shaped over the past year, as events both great and small made their marks on the industry.

2014 saw community uprisings against large hashrate contributors, growing amounts of capital flowing into the space, the expansion of mining into the remote corners of the planet and much, much more.

MegaBigPower ’s Dave Carlson argues that the last year was a game changer that brought both risk and reward for those who […]

Russian Ministry Criticises Draft Bill Banning Bitcoin

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Kremlin winter Russia’s Ministry of Economic Development has criticised a proposed ban on "cash equivalents", according to a report.

The ministry said that legislation aimed at banning cash equivalents, including digital currencies like bitcoin, could have negative effects on retailers, telecom operators and banks.

Specifically, some provisions of the bill could create excessive restrictions and obligations, creating unreasonable costs for businesses, it said. The ministry therefore asked that the bill be reworked and resubmitted for further consideration. The bill in question […]

American Whistleblower Edward Snowden Now Accepting Donations in Bitcoin

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ForexMinute.com – Edward Snowden, the popular American computer professional who rose to fame after leaking classified information from the National Security Agency (NSA), is now accepting Bitcoin for his official legal defense fund, currently being managed and run by Courage Foundation

Snowden has been earlier charged by the US government with multiple anti-national crimes, including “unauthorized communication of national defense information” and “willful communication of classified communications intelligence information to an unauthorized person”. The 31-year […]

Reserve Bank Governor: India “will adopt digital currencies at some point”

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The Governor of the Reserve Bank of India has said he has “no doubt” that digital currencies will play a role in India’s future society. Drawing a comparison between the rise of debit and credit cards in the country, the Governor argues digital currency will help pave the way to a cashless society.

Speaking during a wide-ranging TV interview in New Delhi, Reserve Bank Governor Raghuram Rajan made his first comments on Bitcoin and the […]

Viralstyle, the Tampa Tech Startup Now Accepting Bitcoin

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First Viralstyle carved a niche by becoming the newest way to create, design, and sell custom apparel and accessories online; now, it has joined the league of tech giants Microsoft and Dell that accept Bitcoin. The company says that paying in Bitcoin, users can get everything from T-Shirts to posters and everything in between.

According to a source at Viralstyle the company is full of all different types of projects, from non-profit fundraising to clothing […]

Ecuador Officially Launches Its Own E-Money System

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Banco Central del Ecuador (BCE) announced it has officially entered into the first phase of the establishment of its own electronic cash system, asking citizens over 18 years old to open an account using their smartphones.

Starting from December 23, Ecuador citizens over 18 years old can open an electronic money account using a simple code that is required to be enter on their mobile phones, reads the official release . This date triggers the […]

Could Cryptocurrency Improve P2P File Sharing?

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The Pirate Bay The Pirate Bay may never make it to its teenage years.

The popular file sharing site, launched in 2003, was recently taken offline following a raid by Swedish police. It’s a sad event for a site that is supposed to be all about unassailable file sharing. Though resurrected versions of The Pirate Bay may already be back up online, the latest interruption to its service raises a host a questions.

What does this […]

Future Alert: Wealth Sharing May Become the New File Sharing

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File Sharing I’ve been venturing into new subreddits lately (after patronizing /r/Bitcoin almost exclusively for a year). This branching out lead me to /r/cryptocurrency , where I stumbled upon a sort of manifesto for the decentralization of all the things. It’s compelling. Here’s a breakdown of the main points of the full piece , written by redditor aliensyntax . Unconscious Acts of Rebellion

“When file-sharing began on the internet, a process of disruption of […]

Registration Begins for Ecuador’s Government Crypto-Currency

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The Ecuadorian government has begun the long process of registering citizens interested in receiving the country’s official government backed alt coin.

Ecuador has taken the most unique approach to crypto-currency of any government around the world – one which has generated a lot of interest but has won over few friends. After first moving to ban the sale and use of crypto-currencies such as Bitcoin, the South American nation announced that it would create and […]

Russian Ministry Questions Proposed ‘Quasi-Money’ Ban

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Politicians rarely think about the long-term implications of policy proposals and nowhere is this more evident than in the Russian Federation.

Vladimir Putin’s policies have turned the Russian economy into a shambles and the icing on this particular cake may well be his policies concerning virtual currencies, according to Russia’s Ministry of Economic Development.

Putin recommended last March that “cash equivalents” be banned under Russian law. The Ministry of Finance (MinFin), Russia’s Central Bank and the […]

Russia Might Rollback Its Decision to Ban Bitcoin

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ForexMinute.com – Already going through rough economic times , Russia is reportedly planning to rollback its decision to ban all sort of cash equivalents, including cryptocurrencies like Bitcoin.

According to a report published on RT , Russia’s Ministry of Economic Development has shown concerns about the ban’s possible outcome, which could negatively impact the country’s major telecom operators, retailers and bank. As per the government body, the proposed ban lacks precision and literally leaves cash […]

Professor Kevin Dowd is Still Skeptical about Bitcoin

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When  Kevin Dowd , a professor of Economics and Finance at Durham University, wrote a piece titled “Bitcoin is bust: Why investors should abandon the doomed cryptocurrency,” a lot of debate took place whether this libertarian and fierce advocate of private money over government-issued and controlled alternatives was right.

However, those who opposed him have not been able to convince him that Bitcoin is a complete private currency. Professor Kevin Dowd had argued that the […]

NYC Requests Info on Using Bitcoin to Pay Parking Tickets

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New York City is looking for new ways to make it easier for residents and visitors to pay for their parking tickets – and Bitcoin is one of a range of new technologies under consideration.

The city’s Department of Finance has issued a ‘Request for Information’ (RFI) entitled “ Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets ,” which makes it clear that they are looking into novel payment technologies and mobile friendly […]

VC Investor Keith Gilabert: Dollar ‘Tracking Bitcoin’ Will Mean Price and Usage Rises

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Keith Gilabert Prominent venture capital investor Keith Gilabert has stated his belief in the “sharp” rise in the value of Bitcoin in the near future.

Speaking in a press release issued yesterday, the Fina V Capital president stated that international oil prices and associated currency weakening could see investors flocking to “alternatives” such as Bitcoin in greater numbers.

“Bitcoin could rise significantly as currencies around the world and oil prices continue to weaken,” he said, adding […]

The Tor Onion Is Under Attack and Rapidly Disintegrating

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Roger Dingledine Tor founder Roger Dingledine has reported today that some of the network specialized servers have been compromised.

Websites on the Tor network have been under attack by government law enforcement agencies for more than a year, beginning with the take down of the first Silk Road last year.

Since that time, several other websites have been closed down by joint operations of the US Department of Justice and European police agencies. Reports today indicate […]

Professor Kevin Dowd: “The regulations in NY regarding BitLicense are a kiss of death”

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Kevin Dowd Kevin Dowd is a professor of Economics and Finance at Durham University. A libertarian and fierce advocate of private money over government-issued and controlled alternatives, Dowd has written extensively about Bitcoin, in addition to presenting on the issues surrounding it.

Dowd is no evangelist, however; he recognizes the frailties of Bitcoin in its current form, and considers its continuing evolution to be endangering its innovative principles.

CoinTelegraph reached out to Professor Dowd for a […]

Bitcoin Is (Still) Not Doomed

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by John Light

Washington Post columnist Henry Farrell has just added himself to the Nakamoto Institute’s running list of skeptics making bold assertions about the certain demise of Bitcoin. In a post entitled “ Bitcoin’s financial network is doomed ,” Mr. Farrell demonstrates his short-sightedness in the face of Bitcoin’s subtlety and allure , perhaps as a cunning-though-not-so-original means of acquiring cheap coins for himself. Regardless of his motivations, I couldn’t resist a full rebuttal, […]

The 10 Most Influential People in Bitcoin This Year

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It’s safe to say that 2014 was an interesting year for bitcoin.

As core development on the bitcoin protocol continued to strengthen the technological foundation of the digital currency, members of the bitcoin community had a significant impact on the ‘front-end’ of the budding industry this year too.

With bitcoin and blockchain technology approaching – but yet to reach – mainstream adoption in society, it’s not enough that Satoshi Nakamoto’s invention stands on its own technological prowess.The […]

NYC’s Department of Finance Issues RFI on Mobile Solutions for Payment of Parking Tickets

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Parking Tickets New York’s Department of Finance (DOF) is issuing a Request for Information (RFI) on mobile solutions for payment and hearing scheduling for parking tickets, and identifies Bitcoin as one of the potential tenders.

The DOF is researching different options available in the mobile payment industry that could provide greater ease and convenience for vehicle owners, reads the official release .

The announced RFI will assist the City in understanding the current market for mobile […]

5 Ways to Explain Bitcoin Over Christmas Dinner

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It’s December 25th. You’re busy heaping cranberry sauce on your plate and stealthily dodging those brussel sprouts when, as you knew it would, the conversation turns to bitcoin.

Statistically speaking, the majority of your family have probably heard of the digital currency by now – no doubt in the context of Gox , Silk Road (both 1 and 2) and pundits declaring that it’s dead, yet again , following the latest price bubble .

They might have also […]

The 7 Biggest Crypto Scandals of 2014

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Even though 2015 is right around the corner, some might say that bitcoin was still in its ‘Wild West’ days throughout the course of this year.

While it’s easy to appreciate all of bitcoin’s best qualities – it’s cheap, fast and reliable, to name a few – it’s harder to ignore that bitcoin has also been associated with less desirable parts of life – like crime and scandal.

As the digital currency’s use cases are still […]

Circle’s Wishlist for Bitcoin Regulation in 2015

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John Beccia is general counsel and CCO for Circle, a consumer finance company that uses bitcoin technology to make money transfers and payments instant, secure, global and free.

In this article, he shares his wish list for regulators focused on digital currency. It’s the time of year when everyone is filled with holiday cheer and ambitious goals. As we turn the calendar page, it’s a moment for optimism and hope that not only will digital […]

Coinprism Now Offering Armory Cold Storage for Colored Coins

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Coinprism is the first colored-coins Bitcoin wallet. They offer the ability to prove ownership of stocks, bonds, commodities, smart property and more by “coloring” bitcoins with the Open Assets protocol . Now you can store those colored coins with Armory , which is the only open-source wallet that supports both multisignature transactions and cold storage.

As Coinprism’s announcement explains, their wallet “is already extremely secure, as the private keys never leave the browser,” but cold […]

Too Many Bitcoins: Making Sense of Exaggerated Inventory Claims

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A year ago, Finnish bitcoin entrepreneur Risto Pietilä attempted to compile a list of the top publicly known bitcoin holders.

Assuming his list is accurate (which it probably isn’t), if you add up the alleged top-20 largest holders of bitcoin, these individuals control roughly 4.44m BTC.

Yet when coupled with self-identification of organizational wallets (like Bitstamp did last year ), plus anecdotal talks at meetups, conferences and parties, it becomes clear that the sum total of […]

3 Pre-Bitcoin Virtual Currencies That Bit the Dust

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The history of the Internet is filled with examples of individuals or teams trying to bring characteristics of physical currency to the digital realm.

Until bitcoin, nearly all prior attempts either failed or fell pitfall to issues related to centralization and crime, among others. Yet despite their stumbles, the examples outlined below may serve as a reminder that, like bitcoin, other concepts were able to attract significant media attention, a number of users and, in […]

Bitcoin Fund Manager Faces HSBC Account Closure

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HSBC office building. Global Advisors, a firm based in Jersey that manages the first regulated bitcoin fund, has been served notice by its bank, HSBC.

The firm said it received a notice from HSBC indicating that the company’s bank account would be closed in 60 days. A meeting with HSBC personnel at the firm’s office in Jersey revealed that the bank feared Global Advisors’ account was at risk of potential money laundering.

"We heard that our risk profile […]

Bitcoin buzz bypasses shoppers

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With more retailers accepting the digital currency, few shoppers are actually using it.

Since it’s inception five years ago, bitcoin hype has spread across the globe. “Bitcoin accepted here” stickers have popped up in restaurants and stores. It’s even made it to Twin Mountain Country Store, a convenience store and deli in a remote corner of New Hampshire. But customers aren’t exactly flocking to pay with the digital currency.

Twin Mountain’s owner Bill Bochynski […]

Report: ‘Virtual Currencies Set to Quickly Disrupt Major Markets’

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Virtual Currencies According to a study published recently by Technology Strategies International, Inc. (TSI), virtual currencies are likely to be a major disruptive force within the next decade.

The report, entitled “The Future of Virtual Currencies 2014,” speculates that virtual currencies such as Bitcoin have grown to the point that there is literally no stopping these new innovative technologies that are cropping up every day. Finally, the report advises organizations that want to avoid being […]

First Global Credit CEO, Gavin Smith: ‘The Blockchain has the Potential to Take the Stock Exchange to the Next Level’

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First Global Credit CEO, Gavin Smith: ‘The Blockchain has the Potential to Take the Stock Exchange to the Next Level’ CoinTelegraph reached out to First Global Credit CEO, Gavin Smith, who recently contributed his own Op-Ed piece about Anonymity vs. Privacy, to get his thoughts on the advantages of trading with bitcoins, the future of the stock market in the age of the blockchain and the looming BTC regulations.

CoinTelegraph: What do you see […]

The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

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Western Union [Note: Tim Swanson is the author of Great Chain of Numbers and The Anatomy of a Money-like Informational Commodity .]

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison. Because it lacks a “ circular flow of income ” in developing countries, Bitcoin, the network, in this instance is just a […]

Cracks in the Fiat Money System: The Swiss Gold Referendum and Currency Pegging

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Swiss Gold On November 30, Swiss voters will go to the polls to vote on what is being called the “ Save Our Swiss Gold ” referendum. 

A vote of yes would mean that the Swiss National Bank (SNB) would have to refrain from selling any more gold and increase its gold holdings to 20%, which is up from current levels of 7%, where it will remain indefinitely. It would also require the SNB to […]

Economist Jeffrey Tucker on the ‘Threat of Deflation’ in Eurozone

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Jeffrey Tucker Jeffrey Tucker is an economist who’s also savvy with blockchains (a rare combination). He is responsible for introducing Bitcoin to many of his readers via his authorship of four books and founding of the Cryptocurrency Conference .

Tucker is a distinguished fellow for the Foundation for Economic Education and is the Chief Liberty Officer of Liberty.me .

He talked with CoinTelegraph about the European Central Bank’s warnings about deflation , the future of fractional-reserve […]

Takafumi Horie, Japanese Entrepreneur Says Bitcoin is Route to More Security, Less Government

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Japanese saw their local Bitcoin exchange Mt. Gox failing this year; they have not yet forgotten the moment it lost their investments. However, Takafumi Horie , the Japanese entrepreneur believes that the digital currency is still a route to more security and less government. Coming from a successful entrepreneur and investor, the statement is being analyzed by experts.

Takafumi Horie is a renowned Japanese entrepreneur who founded Livedoor, a website design operation that grew into […]

The Importance of Keeping Crypto Crowdsales Accountable

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For many entrepreneurs, one of the most compelling use cases of blockchain technology is the potential for it to enable new marketplaces that remove traditional hurdles associated with investing and crowdfunding.

The growing number of public crowdsales has been widely covered as of late. With these crowdsales, companies sell a branded bitcoin fork as a way to finance the early development of cryptocurrency-related projects. The popularity of many of the early crowdsales has sparked a […]