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Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown

19.11.2017 Samuel Haig 0

An increasing number of Chinese miners are reportedly exploring other jurisdictions in which to operate amid growing uncertainty regarding the future of China’s mining industry. Although the Chinese government has not indicated that it will extend its cryptocurrency crackdown to target miners, many are making plans to base their operations elsewhere. Also Read: China’s Central Television […]

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Overstock Announces Alaska as State Conducting Most Cryptocurrency Purchases

19.11.2017 Samuel Haig 0

Overstock Announces Alaska as State Conducting Most Cryptocurrency PurchasesOverstock board member, Jonathan Johnson, has revealed the top five U.S. states that most frequently conduct purchases using cryptocurrency. Overstock became the first major retailer to accept bitcoin back in 2014, and now accepts roughly 50 different cryptocurrencies. Also Read: Overstock.com’s Stock Shares Soar in Relation to Bitcoin The Company Has Revealed Hawaii as Its Top […]

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Ripple CEO and Ethereum Co-Founder Bash ICO Industry

18.11.2017 Samuel Haig 0

Ripple CEO and Ethereum Co-Founder Bash ICO IndustryIn a recent interview, Ripple chief executive officer, Brad Garlinghouse, and Ethereum co-founder, Joseph Lubin, have criticized the current state of the ICO industry. The pair expressed concerns that although many “high-quality projects” are using ICOs as a fundraising vehicle, numerous “copycat projects” have raised money without “intend[ing] to deliver any value to the people […]

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South African Author Implores Gupta Family to Use Bitcoin to Circumvent Banking Embargo

17.11.2017 Samuel Haig 0

A South African author has published an open letter imploring Atul and Ajay Gupta to use bitcoin as a means to circumvent the banking embargo targeting the family. The Gupta family came to South Africa from India during the 1990s, and soon built a business empire – spanning the media, mining, and computer hardware industries. […]

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DBS David Gledhill says Bitcoin is a Ponzi Scheme

17.11.2017 Samuel Haig 0

Finance Industry Representatives Criticize BitcoinMany representatives of the traditional finance industry are continuing to criticize bitcoin. In recent days, CNBC has spoken with among others David Gledhill of DBS, Interactive Brokers’ Thomas Peterffy, and Morgan Stanley’s James Gorman – all of whom has made discouraging statements regarding bitcoin. Also Read: Real Estate Listings Use Bitcoin to Garner Publicity Representatives of […]

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Real Estate Listings Use Bitcoin to Garner Publicity

16.11.2017 Samuel Haig 0

Real Estate Listings Use Bitcoin to Garner Publicity2017 has seen a significant increase in the number of real estate listings made available for purchase using bitcoin. The proliferation of these listings does not appear to have been matched with buyer demand to pay using cryptocurrencies, suggesting that some true estate companies may be attempting to jump on the bitcoin bandwagon solely in […]

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”Ludicrous” – Analysts Debate How Much Power Is Consumed per Bitcoin Transaction

16.11.2017 Samuel Haig 0

Analysts Debate How Much Power Is Consumed per Bitcoin TransactionIn recent months, numerous media outlets have claimed that the power used to conduct a single bitcoin transaction is the equivalent of that required to power an American home for over a week. The exact energy output that each bitcoin transaction consumes is unknowable, due to the varying efficiency of the hardware employed by miners. […]

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Monetary Authority of Singapore Publishes “Guide to Digital Token Offerings”

16.11.2017 Samuel Haig 0

Monetary Authority of Singapore Publishes "Guide to Digital Token Offerings"The Monetary Authority of Singapore (MAS) has published a “guide to digital token offerings”, which seeks to elaborate upon how initial coin offerings (ICOs) will be subject to Singapore’s securities laws. The document comprises a followup to the MAS’ August 1st statement that first clarified that ICOs deemed to be issuing securities in Singapore will fall […]

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Chinese Power Company Responds to Document Indicating Mining Crackdown

15.11.2017 Samuel Haig 0

Chinese Power Company Responds to Document Indicating Mining CrackdownThe Chinese state-owned State Grid Sichuan Ganzi Prefecture Electric Power Co, Ltd. has responded to the widespread circulation of a document bearing the official stamp of the company that appeared to indicate an impending crackdown on bitcoin mining operations on the part of the power company. Also Read: Chinese Hydroelectric Crackdown Could Herald the Demise of […]

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FCA Issues Warning Regarding Cryptocurrency CFDs

15.11.2017 Samuel Haig 0

The United Kingdom’s Financial Conduct Authority (FCA) has published a warning aimed at retail investors who may be considering or soliciting cryptocurrency CFDs (contracts for difference). The U.K. regulator emphasized the risks associated with the price volatility, charges and funding costs, leveraged trading products, and price transparency, asserting that such may manifest in the cryptocurrency […]

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