Big Banks Want to Destroy Bitcoin Before it Destroys Them

Big Banks Want to Destroy Bitcoin Before it Destroys Them It seems as if the talk of “the people’s currency” has started to sting the ears of those who traditionally have a monopoly of money, banks and governments. Recent negative statements by big banks, and governmental crackdown on digital currencies and ICOs can be seen as fightbacks by…

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Japan Forms Task Force to Regulate Cryptocurrency Exchanges

Japan Forms Task Force to Regulate Cryptocurrency Exchanges Japan is quite an interesting country when it comes to cryptocurrency. Its retail industry has taken a liking to Bitcoin over the past few months. Most of this momentum stems from the fact that the Japanese government legalized Bitcoin in April of this year. To make things more intriguing,…

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Reserve Bank of India May Grant Legal Tender Status to Bitcoin

Reserve Bank of India May Grant Legal Tender Status to Bitcoin It appears the Indian government is finally ready to make a decision about Bitcoin and other cryptocurrencies. For a nation with such a strong focus on financial innovation, its leadership remains rather indecisive when it comes to Bitcoin and cryptocurrency. Indeed, there is no official regulation or…

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Bitcoin Proponents Respond to JP Morgan Executive’s Statements

Bitcoin Proponents Respond to JP Morgan Executive’s Statements Bitcoin proponents got fired up last week when JP Morgan executive Jamie Dimon called bitcoin a “fraud” and told the CNBC news outlet that cryptocurrency markets would end badly. Following Dimon’s opinions, many crypto-enthusiasts responded to the banker’s recent statements. Former JP Morgan Senior Executive Tells Jamie Dimon to STFU…

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Litecoin Price Drops by 33% Overnight

Litecoin Price Drops by 33% Overnight Even though every single cryptocurrency market is in the red right now,  some coins are suffering more than others. Litecoin is taking a lot of blows on the chin right now. With the Litecoin price dropping by a whopping 33% overnight, things aren’t looking good at all. Then again,…

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China Drama Causes Big Migration of Bitcoin Traders, Businesses

China Drama Causes Big Migration of Bitcoin Traders, Businesses Chinese regulatory bans are causing mass exoduses – from WeChat to Telegram, exchanges to LocalBitcoins and maybe soon China to Hong Kong. As news comes that a full Bitcoin-to-fiat exchange ban may come into effect Sept. 30, China’s crypto users and businesses are feeling the heat. Hong Kong the…

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BTCC to Cease China Trading as Media Warns Closures Could Continue

BTCC to Cease China Trading as Media Warns Closures Could Continue Shanghai-based bitcoin exchange BTCC has announced it will be closing down its China-facing trading operations effective September 30. In statements on Twitter and on China-language social media, the oldest cryptocurrency exchange platform in the world’s largest market said it would immediately stop onboarding new users, but that…

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Bank of Finland Researchers Praise Bitcoin’s Economic System as Revolutionary

Bank of Finland Researchers Praise Bitcoin’s Economic System as Revolutionary Researchers from the Finnish Central Bank have asserted that the economic system of the digital currency Bitcoin is revolutionary. In their September 5, 2017 report, Central Bank Research Hub economists Gur Huberman, Jacob Leshno, and Ciamac Moallemi stated that the virtual currency’s infrastructure provides a degree of protection against manipulation by bad…

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Russian Minister Abyzov Advocates for Official Recognition of Bitcoin as a Financial Tool

Russian Minister Abyzov Advocates for Official Recognition of Bitcoin as a Financial Tool Russian government officials remain pretty divided when it comes to Bitcoin and cryptocurrency. Several individuals continue to oppose this trend, whereas others want to give it legal recognition. Mikhail Abyzov, the Minister of Open Government of Russia, confirms cryptocurrencies can’t be ignored…

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