Bitcoin Questionable as a Currency, but as an Asset it’s as Good as Gold

As investors eagerly wait in anticipation to see where exactly Bitcoin will go, its prospects as a viable currency are coming under scrutiny. Cryptocurrency, Minus the ‘Currency’? Bitcoin is looking less and less like a viable currency every day, as companies continue to drop the popular cryptocurrency as a method of payment. One such company dropping support for Bitcoin is Stripe. According to the self-proclaimed “first major payments company to support Bitcoin payments,” lengthy transaction times and high failure rates have made Bitcoin payments anything but convenient, and the rapidly…

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Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses

The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin Companies to Hold Fiat Reserves New Definitions Applied to the Hawaiian Money Transmission Act Last week Hawaiian bureaucrats reviewed a proposed bill, HI SB3082, that aims to tether regulatory policies to digital currency transmitters. The…

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South Korean Court Rules Bitcoin Has Economic Value

A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court in South Korea has, for the first time, recognized that bitcoin has an economic value and can be confiscated, local media reported on Tuesday. The ruling concerns the case involving Ahn who was arrested in…

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Turkish Football Team Buys Player With Bitcoin

Harunustaspor, a Turkish amateur football team, just bought a player using bitcoin. The Bitcoin space might be struggling from a price and a sentiment perspective right now but that hasn’t stopped the flow of quirky news that’s become prevalent over the last six months or so, as the cryptocurrency and blockchain spaces have moved out from under the radar and into the mainstream. The latest report of this type has come out of Turkey, which (as many reading will likely already be aware) has had something of a turbulent relationship…

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PR: BCShop.io Aids Ethereum Business Adoption

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Blockchain revolution is happening. Sure, we are in first days yet, in “stone age” of cryptocurrency. Nevertheless, practical business solutions are already emerging. One of the most known and functional is Ethereum blockchain. Ethereum not only enables online payments; it is also capable of running…

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Number of People Looking for Crypto-Careers Increased 10-Fold in 2017

New data from the UK shows that interest in crypto careers more than doubled in December 2017 when the all time high Bitcoin price record dominated headlines​. The average salary for roles requiring “Blockchain” expertise ranges from £30,117 per year for a Research Analyst to £67,209 per year for a Software Architect. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Interest in Crypto Careers is Surging The massive rise in the price of bitcoin last year has inspired droves of people…

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South Korea Finds Nearly $600 Million in Crypto Crime

Reports from the 대한민국 Republic of South Korea (ROK) indicate its Customs Service announced on Wednesday, 31 January 2018, it has discovered “cryptocurrency crimes” which amount to nearly 600 million USD. Also read: Nassim Nicholas Taleb vs David Birch on The Bitcoin Standard South Korea Customs Service Finds Almost $600 Million in Cryptocurrency Crime ROK Customs Service released a statement claiming to have “uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million),” according to Reuters. Evidently, it includes illegal foreign exchange trading, a statement released by the country’s customs service said…

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PR: All Crypto – Friendly Venues Are Finally Listed in One App – CryptoFind

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. CryptoFind App by GRAFT Blockchain discovers nearby venues that accept cryptocurrencies as payment. Basically, it’s a self-spreading network, linking crypto-savvy buyers and merchants. For the very first time, all businesses that accept crypto will be listed and curated on one global map. While CryptoFind is…

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Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Venezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Pre-Sale of Petro During the meeting of the council of ministers on Tuesday, Maduro announced that the pre-sale of Venezuela’s national cryptocurrency, the petro, will begin on February 20. Meeting where Maduro announced the pre-sale of the petro. “We have reached the…

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Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas

The largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bypassing Russian Regulations At a news briefing on Tuesday, Sberbank’s Head of Global Markets Andrey Shemetov said that the bank “plans to start trading cryptocurrencies outside Russia in order to avoid violating domestic rules,” Reuters reported. Sberbank is the largest…

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