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Tag: bitcoin

New Book “The Bitcoin Standard” Touts Bitcoin as an Alternative to Central Banking

Category: Bitcoin, Finance, News, Regulation, Tech

New Book “The Bitcoin Standard” Touts Bitcoin as an Alternative to Central Banking

Academic Saifedean Ammous recently published a book called “The Bitcoin Standard.” In it, Ammous discusses the history of money and other mediums of exchange, the relationship between economics and various aspects of society, and explores what constitutes “good” money, drawing heavily from the Austrian school of economics. Most importantly, Ammous discusses why bitcoin may be able to provide a viable…

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CIA Keeps Mum on Rumors of it Knowing the Real Identity of Satoshi Nakamoto

Category: Bitcoin, Commentary, News, Regulation

CIA Keeps Mum on Rumors of it Knowing the Real Identity of Satoshi Nakamoto

The United States Central Intelligence Agency (CIA) has stated that it is not willing to confirm or deny rumors alleging that it knows the true identity of the elusive Bitcoin founder Satoshi Nakamoto. The Search for Satoshi The statement was made in response to a Freedom of Information Act (FOIA) request made to the agency by Vice News reporter David…

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US Congress Set to Launch Study into the Use of Cryptocurrency for Sex Trafficking

Category: Altcoins, Bitcoin, News, Regulation, Tech

US Congress Set to Launch Study into the Use of Cryptocurrency for Sex Trafficking

While Bitcoin and cryptocurrencies are regarded as forward-thinking innovations by many, bad actors, have found various illicit uses for virtual currencies, such as money laundering and drug and sex trafficking, giving critics a reason to call out the sector. Sanitizing the Cryptocurrency Sector On June 11, 2018, U.S Congressman Juan Vargas introduced a draft law titled the “Fight Illicit Network…

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Binance CEO Reaffirms Hope in Crypto Market Despite Price Declines

Category: Altcoins, Bitcoin, Commentary, Finance, News

Binance CEO Reaffirms Hope in Crypto Market Despite Price Declines

Binance CEO, Founder, and Crypto Billionaire Changpeng Zhao reassured followers on June 9, 2018, that he’s not worried about the recent crypto price slides. Through a series of posted images, the industry giant demonstrated his belief that the crypto markets undergo the same pattern almost every year, followed by coinciding meteoric rises. The End of the Markets, or Just a…

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Israeli Social Media Business Wants to Pay Employees in Bitcoin

Category: Bitcoin, Business, Finance, News, Regulation

Israeli Social Media Business Wants to Pay Employees in Bitcoin

Israel’s booming technology sector is experiencing a talent shortage, with firms introducing new perks and lucrative benefits to attract skills employees. One such firm is offering a digital currency incentive. Firm Propagates Bitcoin Adoption According to a report on local news Calcalist on June 12, 2018, social network company Spot.IM is offering their employees a salary paid in bitcoin (BTC)….

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Venture Capital Firm Looking to Privacy and Interoperability Solutions for Blockchain Technology

Category: Blockchain, Business, Finance, News, Tech

Venture Capital Firm Looking to Privacy and Interoperability Solutions for Blockchain Technology

500 Startups is currently looking for more blockchain-based projects focused on solving interoperability and privacy issues. Bonnie Cheung, the venture partner at the firm, believes that these are two key challenges preventing the mass adoption of blockchain technology. Speedy Infrastructure n April 2018, for their Seed Accelerator, they backed Metadium, a platform that provides the infrastructure for providers to develop…

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A Satoshi Nakamoto Statue May Soon Be Erected in Ukraine

Category: Altcoins, Bitcoin, Blockchain, Finance

A Satoshi Nakamoto Statue May Soon Be Erected in Ukraine

An initiative to build a monument of Satoshi Nakamoto, the pseudo-anonymous creator of Bitcoin and blockchain technology, in the Ukranian Capital Kyiv, is gaining significant traction. Nakamoto Gaining Public Relevance According to RadioFreeEurope, the statue would be one of the first monuments centered around cryptocurrencies and blockchain technology to honor Nakamoto. “We are engaging in the construction of monuments to…

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No Crypto Transfers Any Time Soon, Says Western Union’s CEO

Category: Altcoins, Bitcoin, Commentary, Finance, News, Tech

No Crypto Transfers Any Time Soon, Says Western Union’s CEO

The management of the Western Union Co. seems to believe that cryptocurrency transfers are not part of its near future, according to a statement expressed by its Chief Executive Officer, Hikmet Ersek. Despite the increasing global popularity of the use of digital currencies, the CEO of the American financial giant that provides services of sending and receiving funds across the…

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Can Bitcoin’s Decline in Value Affect the Stock Market?

Category: Altcoins, Bitcoin, Finance, News

Can Bitcoin’s Decline in Value Affect the Stock Market?

Bitcoin’s value reached $6,605.28 at the time of writing on June 16, 2018, according to data collated on CoinmarketCap. However, the value is less than a third of its record highs of $20,000 in December 2017. Traditional Investors Ring Alarm Bells CNBC reported on June 14 that investors should not be worried about the impact of bitcoin’s “bursting bubble” onto…

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Cryptocurrencies have Given Michael Novogratz a Second Opportunity

Category: Altcoins, Bitcoin, Blockchain, Finance, News

Cryptocurrencies have Given Michael Novogratz a Second Opportunity

Former Goldman Sachs executive Michael Novogratz has seen his fortune rise and fall in the traditional finance market several times. However, his bet on cryptocurrency in 2013  has paid off handsomely. According to a Forbes estimate, Novogratz is amongst the wealthiest people in the cryptocurrency sector,  with an estimated crypto-wealth of $700 million – $1 billion. Wall Street to Cryptocurrency…

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