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Tag: economy

Bitcoin Rush in Venezuela: Transaction Volume Reaches $1 Million per Day Milestone

Category: Bitcoin, News

Bitcoin Rush in Venezuela: Transaction Volume Reaches $1 Million per Day Milestone

On April 17, 2018, the bitcoin transaction volume reached a milestone of $1.006 million recorded in a single day according to the data released by VeneBloc. In what is a record for the crisis-stricken country, the attention of Venezuelans have increasingly turned to digital currencies due to the severely devalued local currency. This is how prices look when the government…

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Why Do People Trust Satoshi Nakamoto More Than the Federal Reserve?

Category: Bitcoin, Commentary, News

Why Do People Trust Satoshi Nakamoto More Than the Federal Reserve?

On April 9, the chief of the NYSE declared that crypto trading is an area that they cannot ignore, and stated that people trust the mysterious creator of Bitcoin, Satoshi Nakamoto, more than they trust the Federal Reserve (or ‘the Fed’), the central bank of the world’s largest economy. In this article, we answer the question, ‘why do some people…

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Bermuda Prepares Regulation for Blossoming Cryptocurrency Ecosystem

Category: Altcoins, Bitcoin, Business, News, Regulation

Bermuda Prepares Regulation for Blossoming Cryptocurrency Ecosystem

At a time when the ‘big nations’ are busy dragging their feet concerning the favorable regulation of the virtual currency industry, Bermuda, the self-governing British overseas territory island nation is putting the finishing touches to its crypto regulation plans. Bermuda’s Regulatory Body Seeks Feedback The Bermuda Monetary Authority (BMA) is seeking the opinion of residents concerning the anti-money laundering law…

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Are Cryptocurrencies the Real Threat to America’s Clout as the Sole Superpower?

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

Are Cryptocurrencies the Real Threat to America’s Clout as the Sole Superpower?

By now, you have probably noticed that policymakers in the United States, well, at least a section of them, are cozying up to the concept of digital currencies and all the good that it can bring to the world. Better than Expected In yet another significant indication that policymakers and the bureaucratic machinery are taking the ever-growing crypto economy seriously,…

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China Identifies Digital Currency as a Top-Priority, Focuses on Developing Its Own

Category: Altcoins, Finance, News, Regulation, Tech

China Identifies Digital Currency as a Top-Priority, Focuses on Developing Its Own

Is China expediting the development of a state-controlled digital currency under the leadership of newly appointed People Bank of China (PBoC) governor Yi Gang? Likely so. Reinforced Measures to Regulate Cryptocurrencies On March 28, 2018, the PBoC outlined its agenda for 2018 at a conference on the subject, stating that innovation and promoting research and development of the central bank’s…

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Is There a Relationship Between Gold, Bitcoin and the Recent Fed Rate Hike?

Category: Bitcoin, Commentary, Finance, News

Is There a Relationship Between Gold, Bitcoin and the Recent Fed Rate Hike?

The Federal Reserve raised interest rates by 25 basis points Wednesday, March 21, 2018, taking the benchmark funds rate from a target of 1.5 percent to 1.75 percent. This was the first rate hike under the chairmanship of the new governor, Jerome Powell, who was handpicked by President Trump. The rise in interest rates will increase short-term lending rates for…

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Economic Experts Team Up to Create Fiat-Backed Low Volatility Cryptocurrency

Category: Altcoins, Finance, News, Tech

Economic Experts Team Up to Create Fiat-Backed Low Volatility Cryptocurrency

The possibility of a fully functioning “stable coin” is something that has remained an ambition for many within the “cryptorati” for a few years now. A stable coin is a cryptocurrency that is immune to the wild price swings that are ubiquitous in the cryptocurrency market. A general philosophy for this immunity has always been to fix the value of…

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Bitcoin Friendly Norway Welcomes Bitfury with Open Arms

Category: Bitcoin, Business, Mining, News

Bitcoin Friendly Norway Welcomes Bitfury with Open Arms

At a time when some world powers are are doing everything to make bitcoin mining as unprofitable as possible by charging miners outrageous electricity bills, Norway has left its doors wide open for all Hodlers to troop enter. Now, Bitfury is establishing a multimillion-dollar bitcoin mining datacenter in the crypto friendly nation. Bitfury’s Expansion Bitfury, the U.S.-based full-service blockchain company…

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Crypto Without Crypto: Designing A Bitcoin-like System for Prisons

Category: Bitcoin, Commentary, Finance, News

Crypto Without Crypto: Designing A Bitcoin-like System for Prisons

Charlie Schrem, the former CEO of bitcoin startup BitInstant, went to prison a few years back. It was found in 2014 that his service was used to facilitate illegal transactions on the former Silk Road black market. Charlie went to prison in 2015 for this, and so like any true bitcoin fan, he created a thought experiment to consider how…

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How to Earn Extra Money and Loyalty Points While Literally Sitting on the Couch

Category: ICO News

How to Earn Extra Money and Loyalty Points While Literally Sitting on the Couch

The gig economy has been growing rapidly for quite some time now, and reports suggest that this trend will only continue. According to data gathered and synthesized by Nation 1099, 11 percent of U.S. working adults are independent contractors. An overwhelming majority of freelancers – 86 percent, to be exact – choose to be freelancers, despite the common belief that…

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