#Bitcoin

Bitcoin is a ‘Noxious Poison’ Says Berkshire Chief, Charles Munger

February 16, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Commentary, Finance, News, Regulation

In an interactive session at the shareholders meeting of The Daily Journal on February 14, 2018, Charles Munger expressed some strong opinions about bitcoin. Fielding questions at the interactive session, Munger called bitcoin a “noxious poison.” He admitted that the technology behind bitcoin (blockchain technology) might have some merits, but...

A Digital Vault for Bitcoin Emerges in Ontario, Canada

February 15, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

VersaBank, an original fully-digitized Canadian bank, is offering a new-era deposit facility for consumers’ digital assets. Billing itself as “Canada’s fintech engine,” VersaBank terms the offering a “blockchain-based digital safety deposit box” for bitcoin and other virtual currencies. Blockchain Is Secure, but VersaBank Is Airtight A former lead at BlackBerry...

The Mystery of Satoshi Nakamoto Painting Solved after 3 Years

Cryptographic Puzzles Offer Sharp Minds Bitcoin, Litecoin, and Monero Rewards

February 15, 2018 by Gil Davis at Bitcoin, Entertainment, News

In 2015, @coin_artist released a strange painting titled “TORCHED H34R7S.” Within this mysterious painting was the key to a wallet address, 1FLAMEN6, which held five bitcoin. The competition to solve this puzzle was dubbed, “The Mystery of Satoshi Nakamoto” and on February 1, 2018, the riddle was solved and the...

Dubai Gold Merchant Gets First Bitcoin Storage and Trading License in the Middle East

February 14, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, News, Tech

The Dubai Multi Commodities Center (DMCC) has awarded a cryptocurrency license to Regal RA DMCC. The company which specializes in gold trading under this license become the first company to be granted a cryptocurrency trading license in the Middle East. Apart from trading in cryptocurrencies, the DMCC license also allows...

Nvidia CEO Very Bullish on Cryptocurrency’s Long-term Forecast

February 14, 2018 by JaketheCryptoKing at Altcoins, Bitcoin, Business, Mining, News, Tech

Many companies are trying to capitalize on the cryptocurrency craze that is sweeping business sectors worldwide. What many expected to be a fad from 2009 has solidified itself as one of the most promising technologies of recent memory. Very few companies are capitalizing on the mass adoption of cryptocurrencies more...

Colorado House Representative Calls for Greater Cryptocurrency Asset Clarity in Congress

February 14, 2018 by Priyeshu Garg at Bitcoin, Finance, News, Regulation

The debate surrounding the regulation of cryptocurrency and its relationship with national governing bodies raged on this week. This time, the pro-bitcoiner corner landed a punch, when Colorado House Representative penned a letter – dated February 5, 2018 – urging the US House Committee on Ethics to put forth statutes...

Lingerie Mogul Sells 50 Prime Real Estate Properties in Dubai for Bitcoin

February 13, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, News

Real estate seems to be the new frontier in the rapidly expanding sphere of influence of Bitcoin commerce. Aston Plaza & Residences, for instance, has just sold 50 prime real estate properties in the Science Park Area of the Dubai Metropolis to bitcoin users. Deep Bitcoin Wallets Splash out on...

Pakistani Suspect Arrested in UAE’s First Bitcoin Scam

February 13, 2018 by Pratik Makadiya at Bitcoin, News

The Criminal Investigation Department (CID) of Sharjah police arrested a suspect in the first ever reported UAE Bitcoin fraud. The perpetrator managed an alleged two million Dirham ($680,625) worth of bitcoin in the scam. Transaction Confusion The Sharjah Police received a report from an Indian citizen claiming to have purchased...

Venture Capitalist Bets on Cryptocurrencies Taking Over the World

February 13, 2018 by Akshay Makadiya at Altcoins, Bitcoin, Finance, News, Tech

Early Bitcoin adopter Tim Draper is convinced that cryptocurrencies will soon dominate the financial sector. Draper told Forbes, "I believe that Bitcoin and crypto will drive most of the commerce of the world.” The Silicon Valley venture capitalist has had confidence in Bitcoin since its initiation in 2009. Early Crypto...

Former Presidential Advisor Warns of Cryptocurrencies’ Potential For Sanction Skirting

February 11, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Commentary, News, Regulation

Juan Zarate’s most prominent time in the limelight was during the presidential reign of George W. Bush. Serving as the former president’s Deputy Advisor and Deputy National Security Advisor for Combatting Terrorism, Zarate led the Treasury’s efforts to undermine the funding of terrorism by way of various financial embargoes and...

Cryptocurrency Market should Form a Self-Regulatory Body, says CFTC Commissioner

February 11, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

While government machineries are busy crafting an official policy on cryptocurrencies, the industry should step forward and form a self-regulatory body. That was one key takeaway from the conversations at Yahoo Finance’s cryptocurrency event in New York on February 7. The participants also agreed on the point that whether or...

Bitcoin Donations Fueling Election Campaigns to Victory

February 11, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Blockchain, Finance, News

Bitcoin donations have been helping politicians organize well-funded electoral campaigns in recent times. Candidates are putting more interest in bitcoin and other cryptocurrencies now since they are a proven and viable means of getting substantial campaign donations. Obama Funded with Credit Cards, Next Generation Politics Uses Bitcoin According to ABC...

Arizona to Allow Tax Payments in Bitcoin

February 10, 2018 by Priyeshu Garg at Bitcoin, Blockchain, News, Regulation

The State of Arizona may soon allow people to pay state taxes using bitcoin, the popular cryptocurrency. This news arrives after a few bills are up for consideration in the State’s Congress. Paying Taxes in the Digital Era According to Jeff Weninger, an Arizona State Representative, there are currently a...

Bitcoin Fever: Russian Nuclear Scientists Arraigned for Mining Bitcoin with “War Computer”

Bitcoin Fever: Russian Nuclear Scientists Arraigned for Mining with “War Computer”

February 10, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Mining, News, Tech

Security authorities have arrested nuclear scientists working at a top secret Russian warhead center for trying to mine cryptocurrencies using supercomputers meant for war purposes. Misappropriated Mining Attempt Nuclear scientists’ turned-suspects attempted to use one of Russia's most sophisticated supercomputers to mine bitcoins, according to the BBC. The Federal Nuclear...

Rabobank Shuns Bitcoin Businesses, Then Fined $369 for Money Laundering

Rabobank Shuns Bitcoin Businesses, then Fined $369 Million for Money Laundering

February 10, 2018 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

Just a week after publicly refusing to service businesses in the bitcoin and greater cryptocurrency industry, the Netherlands’ Rabobank was fined a hefty $369 million when found guilty of money laundering. Clouded Ethics Rabobank was one of five Dutch banks which outright declined cryptocurrency-related bank accounts within their institutions, citing...

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