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Bitcoin

Bitcoin tumbles as PBOC declares initial coin offerings illegal

Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. The People’s Bank of China said on its website …

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Bitcoin

Stargroup ATMs Adding New Bitcoin Trading Features

[table id=1 /] Australian firm Stargroup plans to modify the company’s network of ATMs to provide them with Bitcoin trading capability, as part of a new deal with blockchain company DigitalX. The initiative will begin with the conversion of 500 of Stargroup’s Australian machines, dramatically increasing the number of Bitcoin …

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Bitcoin

Ukraine Will Determine the Legality of Bitcoin in 3 Weeks

Defining Bitcoin or any other cryptocurrency as a legal asset is not as straightforward as some people may think. Various countries around the world are currently in the process of determining the legality of cryptocurrencies in their respective regions. Interestingly enough, the number of countries attempting to ban Bitcoin is pretty …

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Bitcoin

Scandinavia Leads Europe With Latest Bitcoin Exchange Traded Note Launch

More and more crypto-backed, financial products have been hitting the market, though most of them are not yet accessible via a public exchange. In the U.S., investors are still waiting on a bitcoin exchange traded fund (ETF) to be approved by the SEC. But, in Europe, investors already have a …

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Bitcoin

London developer to allow rental tenants to pay deposits in bitcoin

A London property developer is to allow its tenants to pay their deposits in bitcoin – the first time the virtual currency has been used in the UK residential homes market. Co-living pioneer The Collective has announced that prospective tenants can pay deposits from Monday in bitcoin. By the end …

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Bitcoin

Breaking Bitcoin: Paris is Set to Host a New Technical Bitcoin Conference

A brand new technical conference is hitting the Bitcoin space this week. Loosely inspired by the well-known Scaling Bitcoin workshops, the French Bitcoin community will host the Breaking Bitcoin conference in Paris, on September 9 and 10. The conference has an explicit focus on security and is targeted at an …

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Bitcoin,Litecoin and cryptocurrency: a viable option for ecommerce businesses

After reaching record highs year-to-date, Bitcoin and Litecoin, dubbed its “little brother”, are making big waves in the crypto-industry. Bitcoin now has a greater total valuation than payment-processing leader PayPal (PYPL) and could be seen as a viable currency for e-commerce businesses processing digital payments. A cryptocurrency is a digital …

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Bitcoin

Bitcoin price drops $200 after new ruling from Chinese regulators

The price of bitcoin fell sharply after Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs). ICOs allow start-ups to raise investment by selling new cryptocurrencies, which are similar to bitcoin, in return for cash. However, the People’s Bank of China says this practice, …

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Technology, blockchain and the natural resource curse

The “paradox of plenty,” natural resources are both a gift and a curse to emerging economies. Rather than providing a flourishing economy, often the result of discovering an abundance of new resources is quite the opposite. The story is repeated over and over again throughout the world. Countries rich in …

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Bitcoin offers wealth creation opportunities for Iran, post-Soviet states

UK-based expert has forecasted bright future for Bitcoin in Iran and post-Soviet countries, as the digital currency keeps climbing. “For many places, like Iran and post-soviet countries, Bitcoin is being embraced for the intellectual challenge, as well as the wealth creation opportunities. With the vast intellectual and technological abilities of …

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South Korea Tightens Bitcoin Regulations, Will ‘Punish’ ICOs: Report

South Korean regulators are reportedly strengthening the regulation and monitoring of digital currencies including bitcoin. South Korea’s digital currency task force – a group comprising of the country’s central bank, financial regulators and digital currency companies – have discussed increased regulatory oversight into trading and business practices as a means …

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Bitcoin Price Falls Sharply After Reaching $5,000 High

The value of bitcoin fell sharply Monday, not long after the cryptocurrency crossed the $5,000 mark on Friday. At one point, the price dipped below $4,400 in value, representing a drop of around 12% since the Friday evening high. Ethereum, meanwhile, traded Monday morning at around $312, down around 20% …

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Bitcoin Price Drops By Over $250 as Crypto Markets Lose Billions

Just two days after achieving a historic high of over $5,000 on September 2, bitcoin’s price has plummeted to below $4,400. The notable sell-off – the biggest in the crypto markets since July 15 – began immediately after the record high of $5,013.91 had been reached Saturday, and has continued today, according to data …

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Top 5 things to know in the market on Monday

1. North Korea conducts another nuclear test North Korea conducted its sixth and most powerful nuclear test to date on Sunday, which it said was a successful detonation of an advanced hydrogen bomb, in a dramatic escalation of the isolated state’s stand-off with the U.S. and its allies. In response, …

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Russia Opens First Criminal Case Involving Bitcoin

Last week, Russian police arrested three businessmen for illegally trading in 500 million rubles worth of bitcoin, or around $9 million worth of the crypto-currency. The arrest marks the start of the first-ever criminal case against bitcoin sales in Russia, Vedomosti business daily reported on Sept. 1.  The Russian government has …

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Why accepting bitcoin is a great marketing play

Are you among the many people who believe that Bitcoin is the new gold? Are you looking for ways to use this as a means of boosting your business? Have you come to find that some of your competitors are already taking advantage of this? Accepting Bitcoin can be a …

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Bubble? Think Stocks and Real Estate, Not Bitcoin

The rapid increase in the price of cryptocurrencies in 2017 has led to most people fearing the formation of a bubble and its impending explosion. What people need to fear are the bubbles in equity markets and real estate, not cryptocurrencies. Easy money The genesis of All Time Highs in …

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Why Investors Dump After ICOs

A lot of once-promising ICOs get dumped at some point. Some go on to recover relatively quickly, while others wallow at the bottom longer than anticipated. This can cause investors to decide to save what they can of their initial investment. Cash need One of the top reasons why people …

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