Why Banks are so Nervous About Bitcoin

There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money. However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies,...

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Slovenia Prepare to Become A Destination in Europe For Leading Blockchain Technology

The government of Slovenia has announced that it aims to position the country as the leading destination of Blockchain technology in the European Union (EU). The government is also studying the potential applications of the technology in public administration. In his speech at the Digital Slovenia 2020 event in...

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Coinbase Rolls Out Instant US Bitcoin Buys

Coinbasehas removed a major hurdle for US customers purchasing Bitcoin via bank transfer, cutting the waiting period from 3-5 days to “instantly.”  Follow Coinbase  ✔@coinbase Excited to announce instant digital currency purchases using a US bank accounthttps://blog.coinbase.com/announcing-instant-bitcoin-ethereum-and-litecoin-purchases-on-coinbase-c29d8a94e152 … 4:00...

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India Central Bank ‘In Process’ of Making Bitcoin Regulation

India has refused to comment on its progress with cryptocurrency regulation, only appearing to confirm that official plans were “in progress.” Reports by local news outlet Economic Times quote Reserve Bank of India Deputy Governor NS Vishwanathan as making comments to the press at an event in Calcutta today. “I...

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Race towards the First “Crypto-Country” in the World

The small European country of Estonia aims to become the first crypto-country in the world. The country is already in the midst of digitizing its government services using Blockchain technology, the tech behind digital currencies like Bitcoin. The Estonian government’s digitization project reached a whole new level...

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Vladimir Putin: Cryptocurrency Poses 'Serious Risks'

Russian president Vladimir Putin said in a meeting today that cryptocurrencies pose significant risks related fraud and money laundering. Quoted by Russian state news service TASS, Putin was speaking during a meeting that was focused on the subject of cryptocurrencies and financial tech more broadly. In the meeting,...

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New Gibraltar Project To Regulate Blockchain Startups

Gibraltar's Financial Services Commission has published a draft of its upcoming regulatory framework for firms offering blockchain services. Planned to come into effect from January 2018, the new rules will cover any commercial use of distributed ledger technology (DLT) as a means to store and transmit value. While...

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Bitcoin's Price Keeps Rising, But Can he reach $6,000 ?

Bitcoin hit a new record high of $5,856 on CoinDesk's Bitcoin Price Index this morning, but the question everyone will be asking is, can the rally continue? At press time, bitcoin is trading at $5,610 levels, as per CoinMarketCap data. Bitcoin's week-on-week performance of over 28 percent (up more than $1,200,)...

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PBoC Digital Currency Director Calls for Centralized State Cryptocurrency

China may not recognize bitcoin as a legal currency, but it seems to have a clear vision for a state-issued alternative. At a meeting hosted by the International Telecommunication Union this week, Yao Qian, the Director of the Digital Currency Research Institute under the People's Bank of China, reportedly boasted...

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Wall Street Analyst Bernstein: Bitcoin Is a 'Censorship Resistant Asset Class'

Bitcoin is a "censorship-resistant asset class" – but not quite money – according to analysts for New York-based firm Bernstein. In a note sent to clients on Wednesday, according to Business Insider, analysts explored that question, ultimately concluding that while it shares some of its characteristics, it falls...

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Cryptocurrency Miners Are From Now On Rewarded By Torrent Website

A torrent downloads website has started offering visitors the option to enable a cryptocurrency mining feature and earn incentives for the platform, according to a TorrentFreak report. The news indicates a possible shift in tactics by torrent websites, after a number of popular services have been found to...

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Russia's Central Bank Support Efforts to Ban Access To Bitcoin Websites

The first deputy governor of Russia's central bank, Sergei Shvetsov, has said that his institution will support efforts to block access to external websites selling cryptocurrencies in the country. Speaking at a conference on Tuesday, Reuters reports that Shvetsov cited the "unreasonably high risks" involved in...

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Real Blockchain Estate Initiative Launches By Dubai Land Department

Dubai's land registrar has revealed it is developing a system that would seek to record all local real estate contracts on a blockchain. The project, part of a sweeping plan to secure all government documents on a blockchain by 2020, was announced this week by Dubai Land Department, the government agency tasked...

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Blockchain Startup Gives A Hand to The Indian State for Land Registry Pilot

The Indian state of Andhra Pradesh is working with startup ChromaWay on a land registry pilot that uses blockchain to track the ownership of property. The state government has been exploring a number of uses for blockchain in recent months, and in September it inked a separate partnership with startup WISekey related to...

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A Real Competition Between Companies to Disrupt Apps Market Using Blockchain

Accusations of “bubble” abound even as Bitcoin price surges back toward its record high of $5,000. There are also suggestions that Bitcoin’s price should be viewed in terms of the S-curve of rapid adoption. Others say that Bitcoin will reach $50,000, or even $1 mln, in due course. Hardcore skeptics such as Chase...

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Bridging Gaps Between the Major Cryptocurrency Paradigms

Use of cryptocurrency has become more accepted and mainstream recently, and in the last six months there have been a couple of significant developments in crypto's progress towards widespread adoption. First, the huge investments and price increases during the "summer of Bitcoin" have put cryptocurrencies in...

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