Search Results for: bitcoin

Bitcoin invades mainstream banking system

bitcoin

Digital Currency Exchange, Bitcoin-Central, has been authorized by the French government to conduct bank style operations. In an announcement last month on bitcointalk.org, Paymium, the organization behind Bitcoin-Central said this: We’re announcing today that Bitcoin-Central.net is getting, through a partnership with Aqoba, allowed to operate like a bank, (or more precisely like …

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5 Celebrities Investing Their Time And Money Into Bitcoin

Bitcoin, blockchain, ICOs – these are all terms that a lot of us have come across at this point but very few truly know the actual reach and potential of. While these coins can feel like nothing more than a trend that will ‘go away’ in the near future, the …

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Bitcoin Takes a Major Hit: Alternatives to Invest In for 2017

Bitcoin crash chart major hit

In the past few weeks, the most popular cryptocurrency Bitcoin has been breaking records. This rally has been followed by millions of investors around the world. On May 24th, Bitcoin hit a record high of $2.791.69.  But this rally was over with just a few days later.  On the 29th, …

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BitCoin seen through the eyes of a central banker

To us, the ECB’s superficial, amusing take on BitCoin was merely a source of (Friday) humor. To others, such as Tuur Demeester, the ECB’s report on “Virtual Currency Schemes” which was merely a confused attempt to validate the Euro by bashing a prototype electronic currency that others have written far more informed articles …

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Bitcoin: Bridging the political divide

When it comes to politics, the world seems to be getting more and more polarized. Looking at the USA as an example, you can see that in pretty much any national election, the USA now has clear “blue” and “red” states, in a manner that would have been simply unimaginable even …

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Treating bitcoin as an investment

When bitcoin first emerged, it did so as a digital currency. Supporters of the new venture were convinced that it would supplant fiat currency and become the new normal, used in day-to-day transactions and as a storage of wealth simultaneously. Even now, bitcoin is commonly defined as a “digital currency,” …

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Bitcoin and Gold’s First Kiss

The performance of Bitcoin in the last few years has made the once easily-dismissed digital currency a serious contender in the financial markets, even for those who don’t understand the basis for its value. While the concept may still be difficult to grasp (the cryptocurrency is notoriously difficult to explain …

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$5 million worth of bitcoin vanish in China

China bitcoin

A Chinese bitcoin trading platform suddenly shut down and up to $5 million worth of bitcoin disappeared with it, a reminder of the great risk associated with the digital currency. Users were unable to log into the Chinese bitcoin platform Global Bond Limited (GBL) on October 26, and as much …

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US seizes top Bitcoin exchange as crackdown begins

Bitcoin

The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. The American government has previously made it clear that officials are watching Bitcoin, a decentralized economic currency that international regulators have …

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Bitcoin ‘glitch’ sparks 23% flash crash

Bitcoin

While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not …

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WikiLeaks bypasses financial blockade with Bitcoin

People shouldn’t fear their government; government should fear its people. Publishers and journalists will not be intimidated nor silenced. Now entering day 626 of the financial blockade against WikiLeaks, Julian Assange sits in the Ecuadorian Embassy in London awaiting safe passage. Following a massive release of secret U.S. diplomatic cables in November …

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Reddit censoring words like: NSA, Tesla, Bitcoin, net neutrality

Reddit censorship

Say what you want about Reddit‘s r/technology, one of its most popular forums. Just don’t say “NSA,” “net neutrality,” “Comcast,” “Bitcoin,” or any of the roughly 50 other words that will secretly get your post deleted. There’s a bot in r/technology, ready to delete any so-called controversial headline you try …

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Australian Bitcoin bank hacked, $1.3million stolen

bitcoin

An Australian bitcoin bank holding over US$1 million of the crypto-currency has been hacked, leaving an unknown number of users with nothing – one of the largest thefts in the currency’s four-year history. The incident took place on October 26, when the bank was hacked, with 4,100 bitcoins valued at …

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Why There’s a Blockchain Application Just For You

Bitcoin coins in a pile

Blockchain. It’s the perfect database, the savior of the economy and the answer to all of humanity’s ills – or at least, that’s what its advocates will tell you. But how much of the posturing and boasting that surrounds blockchain is actually true? Inevitably, the answer depends on what you …

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Countries Around The World Are Trying To Reduce Cryptocurrency Access

Cryptocurrency use is growing tremendously around the world. Although Bitcoin gets most of the press, there are a wide range of virtual currencies that are now being bought and sold on a regular basis. Cryptocurrencies offer their users something that traditional transactions do not: privacy. For example, when a user …

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Ecuador to replace the US dollar with its own digital currency

Ecuador Central Bank

Ecuador is planning to create the world’s first digital currency issued by the country’s central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country. The currency is expected to start circulating in December, according to …

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8 Ways the Finance Sector Will be Revolutionized by Blockchain

Despite concerns from central governments and authorities, the finance sector is increasingly excited about how blockchain technology (the basis of Bitcoin) will revolutionize how it operates. Just as Airbnb disrupted the hotels and corporate accommodation providers and Uber changed the face of the taxi industry, blockchain is transforming banking, finance, …

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5 Reasons That Cryptocurrencies Frighten Institutional Businesses

The rise of Bitcoin and the current mania surrounding cryptocurrencies was not something that many people predicted. Those that got ahead of the game and invested early are now sitting on significant assets. But with prices still fluctuating wildly, it is a tricky market to assess with any degree of …

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Facebook is censoring this HangTheBankers.com article

Facebook censored article Hang The Bankers

In the past week we have seen the social media networks do their best to censor liberty minded accounts and in some cases just plain and simple delete them. This has not gone unnoticed and if anything has backfired on the likes of Facebook and Youtube with people waking up …

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