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Tag: digital currency

In Turkey, Even the Volatile Bitcoin Looks Pretty Good Compared to the Lira

Category: Bitcoin, Business, Ethereum, Finance, News, Platform, Tech

In Turkey, Even the Volatile Bitcoin Looks Pretty Good Compared to the Lira

Trading volumes on Turkish cryptocurrency exchanges increased by 37 percent since October 2018, which shows that Bitcoin’s popularity isn’t affected by the recent drops in the country’s year-long inflation, Slate reported on December 10, 2018. Inflation Pushes People Towards Cryptocurrencies In a turn of events that surprised economists and analysts alike, Turkish inflation fell in November 2018 after hitting a…

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What Bear Market? 29 Percent of Freelancers Would Like to be Paid in Crypto

Category: Adoption, Altcoins, Bitcoin, Blockchain, Finance, News, Platform, Regulation, wallet

What Bear Market? 29 Percent of Freelancers Would Like to be Paid in Crypto

According to a new study published by Humans.Net on December 7, 2018, almost one-third of freelancers would like to receive payments in cryptocurrency despite the current bear market, which has seen bitcoin drop to a new one-year low. Humans.Net Poll Online jobs platform Humans.Net has surveyed 1,110 of its users, most of which are freelancers based in the U.S. The…

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Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Category: Adoption, Bitcoin, Blockchain, Business, News

Japan’s Largest Shipping Line to Launch Digital Currency to Pay Crew Members

Japan’s shipping line powerhouse Nippon Yusen KK is set to introduce its own digital currency for internal use, specifically to pay its seafaring workers, reports Bloomberg, November 20, 2018. The move is aimed towards minimizing the hassle and costs of the process of managing, sending and converting money to their respective local currencies. US Dollar-Pegged Digital Currency According to the report, one…

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Bitcoin Remains Firms Despite China Reiterating Its Warning About Crypto

Category: Bitcoin, Blockchain, Business, Finance, News, Platform, Tech

Bitcoin Remains Firms Despite China Reiterating Its Warning About Crypto

The price of bitcoin remained firm this week, gaining about half a percent, versus last week’s close amidst low volatility despite news out of China that suggests that the People’ Republic’s central bank’s stance towards digital currencies will not turn positive again anytime soon. China’s central bank has reportedly reiterated its warning on the use of cryptocurrencies through a newly…

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Bounty Program ETHPrize to Stimulate Development on the Ethereum Platform

Category: Ethereum, News, Tech

Bounty Program ETHPrize to Stimulate Development on the Ethereum Platform

While development bounty programs have existed in the cryptocurrency ecosystem for some time now, they have all been somewhat inefficient at garnering interest. However, a new funding project, pioneered in part by the co-founder of Ethereum, Vitalik Buterin, may be finally ready to challenge that fact. Announced at the Ethereum Community Conference that was held in Paris in March 2018,…

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The Mysterious Fate of Bitcoin Wallets Forfeited by the U.S. Government

Category: Bitcoin, Business, News, Regulation

The Mysterious Fate of Bitcoin Wallets Forfeited by the U.S. Government

It’s relatively common practice for the United States law and order machinery to seize illegally obtained properties from criminals. Traditionally, the seized properties are often in the form of black money, luxury cars, real-estate investments, and so on. Opacity in an Ocean of Transparency However, a new trend has emerged over the past few years wherein authorities are increasingly confiscating…

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South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

Category: Altcoins, Bitcoin, Finance, News, Regulation

South Korean Crypto Exchanges Earned $648 Million in 2017 that is Taxable

While the global markets for cryptocurrencies exploded in 2017, South Korea was one of the countries that saw a massive spike in trading volume as crypto-mania took over. There were often high premiums being paid by traders on South Korean exchanges as the high levels of demand were placing demands on the liquidity of even the major cryptos. The surge…

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United States Government Not Even Close to Cryptocurrency Regulations

Category: Bitcoin, Finance, News, Regulation, Tech

United States Government Not Even Close to Cryptocurrency Regulations

The cybersecurity coordinator for the White House has come out and said on February 15 that the United States government are nowhere near the point of regulating cryptocurrencies in the country. Associated Risks and Benefits of Regulations Since the explosion in popularity of digital currencies over the past year or so, many governments and regulators across the world have been…

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The Bank of England Considers its Own Take on Bitcoin for 2018

Category: Finance, News, Tech

The Bank of England Considers its Own Take on Bitcoin for 2018

According to the Telegraph, the Bank of England might be launching its very own cryptocurrency as early as 2018, linked to the Pound sterling. The bank created a research unit in February 2015, which has been collecting data ever since. As confirmed by a spokesperson of the Bank of England (BoE), the team is likely to reveal its findings on…

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Three BlockChain Startups Push for Digital Australian Dollar

Category: Blockchain, Business, News

Three BlockChain Startups Push for Digital Australian Dollar

A handful of Australian startups have pushed along use-cases to the government’s FinTech Advisory Group in order to promote a digital Australian Dollar. Crypto-Culture A need for a government-backed digital currency is becoming more and more prevalent in Australia. The combination of a thriving economy, an innovative startup culture, and the growing interest in blockchain technologies places the country in…

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