Bank of Canada: Digital Currencies Need Regulation to Succeed

Bank of Canada: Digital Currencies Need Regulation to Succeed Researchers from Canada’s central bank argue that private digital currencies like bitcoin won’t succeed in the long-term without some kind of government involvement. A paper published this week by researchers at the Bank of Canada examines the viability of digital currency, looking to past examples of Canadian…

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Altcoin Uptick Ends as Bitcoin Prices Pass $1,050

Altcoin Uptick Ends as Bitcoin Prices Pass $1,050 While so-called altcoins enjoyed a notable rally early this week, this run appears to be over. The market for alternative cryptocurrencies, a collection of digital tokens with different blockchain networks and value propositions than the bitcoin protocol, received significant tailwinds earlier this week as bitcoin traders sat on…

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History of Bitcoin in 500 words

History of Bitcoin in 500 words THE HISTORY OF BITCOIN IN SHORT Bitcoin was created by Satoshi Nakamoto in 2009. It took nearly two weeks after its initial release until the first official transaction on the network occurred between Satoshi and Hal Finney. Moreover, it took some time until the first financial transaction denominated in…

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China’s Bitcoin Drama Isn’t A Financial Meltdown

China’s Bitcoin Drama Isn’t A Financial Meltdown China, currently the world’s largest Bitcoin trader, has caused some complications for the cryptocurrency since the beginning of the year. The amount of Bitcoin traded in the country has plummeted from 10 million a day to 30,000-90,000 due to ‘abnormal’ changes in Bitcoin prices, spurred on by a crackdown in…

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Anatomy of ICO For Blockchain Investors and Entrepreneurs

Anatomy of ICO For Blockchain Investors and Entrepreneurs Our London Correspondent Nick Ayton explores the structure and process of a successful Initial Coin Offering (ICO), its pitfalls, traps and the essential things you need to know as both investors and entrepreneurs. Laying the foundation for next generation Capital Markets An Initial Coin Offering is now…

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Russia to Deploy Blockchain By End of 2019: Sberbank Chief

Russia to Deploy Blockchain By End of 2019: Sberbank Chief Sberbank Chief Herman Gref has said industrial-scale Blockchain deployment in Russia will be possible before the end of 2019. Speaking at the Real Estate Market Innovation Conference, Gref said that although the timeframe was “perhaps a little optimistic,” it was nonetheless workable. “Two to two-and-a-half…

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