Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide

Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide Digital currency could quite possibly be transformative, providing a paradigm shift in the world’s interactions with money and finance. As Jihan Wu, CEO of Bitmain, recently blogged: “[Bitcoin] essentially rolls gold, cash, and our credit card system into one. It takes the strengths of each…

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Sweden’s Government to Sell Seized Bitcoin in Open Auction

Sweden’s Government to Sell Seized Bitcoin in Open Auction A government agency in Sweden dedicated to debt collection is auctioning off some bitcoin this week. In a statement, the Kronofogden (known also as the Enforcement Authority) said today that it would sell roughly 0.6 BTC, an amount worth roughly $3,200 at press time. Though the statement didn’t…

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Putin Confirms Russia Will Regulate Cryptocurrencies

Putin Confirms Russia Will Regulate Cryptocurrencies   Following the meeting with Vladimir Putin, Russian regulators announced that cryptocurrencies will officially be regulated in Russia. The central bank and the finance ministry will now work together to come up with one draft law to provide a basic regulatory framework for cryptocurrencies including bitcoin, which is expected…

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Why Can’t Gold Keep Up with Bitcoin?

Why Can’t Gold Keep Up with Bitcoin? Gold has for hundreds of years been a safe haven of steady growth investment, due to its stability and attachment to geopolitical events. Through the years, and changes in monetary policies, even the inflation of currencies, gold has remained steady. However, there’s a new kid on the block when it…

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‘Massive Disruption’: IMF’s Lagarde Says Cryptocurrencies Must Be Taken Seriously

‘Massive Disruption’: IMF’s Lagarde Says Cryptocurrencies Must Be Taken Seriously Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies. Speaking to CNBC at the IMF’s Annual Meetings in Washington D.C., Lagarde said: “I think that we are about to see massive…

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Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency

Coinbase Users Can Now Use Bank Accounts to Instantly Purchase Cryptocurrency San Francisco-based company Coinbase just announced they will allow customers to buy bitcoin, ethereum, and litecoin instantly with bank accounts. Each customer can buy up to $25,000 with this service. Previously, people could only conduct instant purchases with debit cards. This service requires users to provide…

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Bitcoin Effect on Online Gaming Industry

Bitcoin Effect on Online Gaming Industry   The bitcoin effect on online gaming industry should not be underestimated. A lot of people from ten years ago would be shocked by the success of bitcoin today. A person who was able to invest in bitcoin ten years ago would be a millionaire today easily. This is…

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Lithuania’s Central Bank Issues ICO Guidelines, Reminds Banks of Cryptocurrency Ban

Lithuania’s Central Bank Issues ICO Guidelines, Reminds Banks of Cryptocurrency Ban Lithuania’s central bank joins a growing global list of financial institutions to issue guidance for ICO (initial coin offering) fundraisings in the country. The Bank of Lithuania has revealed its official position on cryptocurrencies in the financial industry and ICOs, the trendy new form…

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