Overstock CEO Puts ‘Millions Of Dollars’ Into Unknown Coin, Compares To Bitcoin

Overstock CEO Puts ‘Millions Of Dollars’ Into Unknown Coin, Compares To Bitcoin Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview…

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Bitcoin Is Finding Its Way into High Schools

Bitcoin Is Finding Its Way into High Schools Over the past few years, colleges and universities all over the world have been creating courses revolving around cryptocurrencies and blockchain technology. Now the subject is slowly infecting the halls of high school students who want to learn about these emerging technologies. Because of the increased student…

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Austrian Finance Minister Considers Pan-EU Crypto Regulation Based On Rules For Gold

Austrian Finance Minister Considers Pan-EU Crypto Regulation Based On Rules For Gold Austria’s Finance Minister Hartwig Löger is considering basing cryptocurrency regulations on the trading rules already in place for gold and derivatives as a way to prevent crypto from being used in money laundering, Bloomberg reported Friday, Feb. 23. Löger spoke with Portugal’s Finance Minister Mario Centeno about…

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Why Venezuela Should Worry About a National Crypto

Why Venezuela Should Worry About a National Crypto While not many things are clear about Venezuela’s new state-backed cryptocurrency, the petro, what is apparent is that many think it’s potentially harmful for the country’s people. Hard and fast details have been sparse about the crypto token launched by Venezuelan President Nicolas Maduro on Feb. 20. But, from its…

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 23

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Feb. 23 The market data is provided by the HitBTC exchange. Sanction-hit Venezuela started the pre-sale of its oil backed cryptocurrency Petro on Feb. 20. Just a day later, President Nicolas Maduro’s twitter handle reported raising $735 million. The Venezuelan government plans to raise a total of $6 billionthrough the sale…

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Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers

Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit…

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Bank of China Moves to Patent Blockchain Scaling Solution

Bank of China Moves to Patent Blockchain Scaling Solution Bank of China, one of the four largest state-owned commercial banks in the country, has filed a patent application for a process it says is better able to scale blockchain systems. According to a document released on Feb. 23 by China’s State Intellectual Property Office (SIPO), the…

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