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Blockchain Cruise Asia • January 15-19, 2018

CoinsBank took its maiden voyage when it held the first ever CoinsBank Blockchain Cruise aboard the Anthem of the Seas,…

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Tag: economy

US Treasuries on a Decline since 1987: Can Bitcoin Pop the Fiat Bubble?

Category: Bitcoin, Finance, News

US Treasuries on a Decline since 1987: Can Bitcoin Pop the Fiat Bubble?

During late 2017, bitcoin investor Freddy Callan stated “Bitcoin isn’t a bubble, it’s the pin,” emphasizing the disruptive nature of the cryptocurrency and its ability to compete against the global banking system as the premier store of value and digital currency. For many years, so-called economists have continued to condemn bitcoin by criticizing its lack of supporting, real-world assets and…

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‘Wealth Effect’ of Bitcoin Boom may add 0.3 Percent to Japan’s GDP

Category: Bitcoin, Commentary, News

‘Wealth Effect’ of Bitcoin Boom may add 0.3 Percent to Japan’s GDP

The rise of bitcoin and cryptocurrency over the course of 2017 has had some pretty strange effects filtering through to wider markets. Most notably, the Long Island Ice Tea company changing their name to Long Blockchain, which resulted in the company’s stock price to soar 289 percent. While we can point to many adverse effects, Nomura reckons the bitcoin ‘wealth…

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2018: The Year Central Banks Start Buying Bitcoin?

Category: Altcoins, Bitcoin, Commentary, News

2018: The Year Central Banks Start Buying Bitcoin?

2018 will be the year that central banks, according to Eugene Estebeth, who previously held a high-level position within the South African Reserve Bank. G7 banks, banks of the Group of Seven (Canada, France, Italy, Japan, The United Kingdom, and the United States, responsible for more than 62 percent of global net wealth) are currently only handling regulating cryptocurrency, and…

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The Grassroots Redistribution Scheme of Bitcoin

Category: Bitcoin, Commentary, News

The Grassroots Redistribution Scheme of Bitcoin

The onset of the information age has come to a fore in bitcoin. The cryptocurrency forges together the pieces of financial instability with humanity’s inevitable move to the technologically fantastic. Naturally, this comes with more than a handful of shifts in thinking, particularly when it comes to redistribution mechanisms.   A Genuine Response to a Real Problem The first line…

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PepeCash Co-Founder: “I Don’t Have a Single Bolívar”

Category: Bitcoin, Finance, News

PepeCash Co-Founder: “I Don’t Have a Single Bolívar”

Before Venezuelan President Nicolas Maduro announced his interest in creating an oil-backed cryptocurrency, the country has been surviving on the value of bitcoin. While accredited investors rush to trading platforms after the release of futures contracts, Venezuelans are using the “crisis currency” to pay for honeymoons, medications for loved ones, and to keep families from going under. Taking a Step…

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“And there is the Real Danger. A Bitcoin World can Destabilize the Real Economy.”

Category: Bitcoin, Commentary, News

“And there is the Real Danger. A Bitcoin World can Destabilize the Real Economy.”

With bitcoin reaching the unseen territory of prices beyond $15,000, it becomes more likely that the cryptocurrency will indeed have effects on the global financial system. Institutions, banks, and economists are partially aware of this risk. Maybe there is a specter, to paraphrase Marx, haunting the financial institutions, and maybe it’s bitcoin and the fear that the cryptocurrency will destabilize…

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Russia Set to Utilize Cryptocurrency to Avoid US Sanctions

Category: Bitcoin, Finance, News, Regulation

Russia Set to Utilize Cryptocurrency to Avoid US Sanctions

There has been a lot of speculation taking place as to how Russia is planning to create a significant boost to their oil market and subsequently overcome some strict guidelines set out by the United States. One suggestion implies the utilization of the growing power and influence of cryptocurrencies. Overcoming Sanctions The widespread adoption of crypto is now making officials…

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Bitcoin may be a Risk to Finance Industry, Turkish Central Bank Warns

Category: Bitcoin, Commentary, Finance, News

Bitcoin may be a Risk to Finance Industry, Turkish Central Bank Warns

In early November 2017, the Governor of the Turkish Central Bank, Murat Cetinkaya, reported stated that digital currencies pose a significant threat to central banks, especially in terms of cash supply, price volatility, and monetary policy. The Turkish government and its central bank aren’t alone in their growing concern over the cryptocurrency market, however. As the combined market capitalization of…

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Overstock CEO: Not About How High Bitcoin Can Surge But How Low Fiat Can Plunge

Category: Bitcoin, Commentary, News

Overstock CEO: Not About How High Bitcoin Can Surge But How Low Fiat Can Plunge

Patrick Byrne, the CEO of leading electronics retailer Overstock, noted in an interview with Fox Business that the market currently is fixated on the price trend of bitcoin. But, the global finance industry should be more concerned with how low the global fiat currency system can plummet. “The real question is not how high can bitcoin go. The real question…

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Can Cryptocurrencies Drive out Money?

Category: Bitcoin, Commentary, Finance, News

Can Cryptocurrencies Drive out Money?

According to Reuters, Victor Constancio, the Vice President of the European Central Bank, said on November 9 cryptocurrencies will not serve to be an alternative substitute for money, and central banks are unlikely to create digital currencies independently without placing limitations. Central banks worldwide have been forced to monitor the price of bitcoin which has soared, with some predicting a…

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