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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: virtual currency

GAW Miners’ Josh Garza Pleads Guilty to Fraud, Settles a Deal

Category: Bitcoin, Commentary, News, Regulation

GAW Miners’ Josh Garza Pleads Guilty to Fraud, Settles a Deal

At last, Josh Garza, the founder of the PayCoin Ponzi scheme and CEO of GAW Miners pleaded guilty to wire fraud following an official complaint by the SEC filed in 2015. The US Department of Justice’s letter read: “We are currently negotiating an agreement with defendant Homero Joshua Garza to enter a plea of guilty to one count of wire…

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Japan’s Virtual Currency Quarantine may Slow Innovation

Category: Altcoins, Bitcoin, Ethereum, News, Regulation

Japan’s Virtual Currency Quarantine may Slow Innovation

With China long being a hub for Bitcoin operations and trading, it was not long until other countries in Asia started to take notice. Japan is the latest country to make headlines with their new Bitcoin regulations, making the cryptocurrency, along with others, legal tender in accordance with a ‘whitelist,’ which will be updated frequently. While welcomed with strong optimism…

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PBOC Moves Toward First Central Bank Blockchain Application

Category: Bitcoin, Finance, News, Tech

PBOC Moves Toward First Central Bank Blockchain Application

The PBOC announced January 27 the completion of a successful trial run for a project regarding a digital bank acceptance exchange, making it the first central bank to come within grasp of testing its digital currency, or digital bill, and putting forward a real application for the blockchain. The trial was completed on December 15, with the purpose of the…

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European Regulation Takes a Major Step Toward Identifying Bitcoin Users

Category: Bitcoin, News, Tech

European Regulation Takes a Major Step Toward Identifying Bitcoin Users

The Council of the EU confirms the plans of the Commission to regulate both exchanges and wallet providers; this is a major step to an EU-wide regulation of the Bitcoin industry due June 2017. There has been no sign ever that any terrorist in the whole world has ever used cryptocurrencies. But this does not stop European politicians to propose…

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Sweden’s Central Bank is Thinking About Using the Blockchain to Issue Digital Money

Category: News, Regulation, Tech

Sweden’s Central Bank is Thinking About Using the Blockchain to Issue Digital Money

Sure, it is no news that money has long become digital. The plans to issue an “eKrona”, as the deputy governor of the Riksbank disclosed this week, however, are still exciting. Cecilia Skingsley, deputy governor of the Swedish Riksbank, recently gave an interview to the Financial Times (FT). Since the interview is behind a paywall that demands a lot of…

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African Bank-Backed Digital Currency Will Be Made Available To Senegal

Category: News, Tech

African Bank-Backed Digital Currency Will Be Made Available To Senegal

Various countries are contemplating the idea of issuing their own national digital currencies. Rather than embracing cryptocurrencies such as bitcoin, these digital currencies would still be backed by a central bank. Senegal could become the first country to deploy this strategy, as eCurrency Mind Limited announced they will provide a digital currency to the West African Economic and Monetary Union….

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How Bitcoin And The Blockchain Can Benefit Migrants

Category: Commentary, Finance, News

How Bitcoin And The Blockchain Can Benefit Migrants

Both bitcoin and its underlying technology, the blockchain, have been hailed as a technological solution for a broad range of societal issues. Bitcoin can be used to make cheap remittances, pay for goods and services globally and mobile bitcoin wallets can effectively be used as digital bank accounts. The blockchain’s possible applications are much broader. From transparently recording financial transaction…

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Introducing Cross-Stratum Coin

Category: News

Introducing Cross-Stratum Coin

The number of cryptocurrencies in existence is quite significant already, and more are being added on a regular basis. Cross-Stratum Mutual Community, a UK-based company focusing on technology and finance, plans to issue their own digital currency soon. This project hopes to gain mainstream traction based on its “intrinsic motivation to pay it forward”. Quite an ambitious claim, to say…

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