Bitcoin At 10 Years Old: Industry Celebrates A Decade Of Cryptocurrency

Bitcoin is ten years old, and for one day only, the cryptocurrency industry is coming together to celebrate the “life-changing” event that gave the largest cryptocurrency to the world in 2010. Ten Years Of Financial Freedom The original Bitcoin whitepaper that started the cryptocurrency revolution turns ten today. It is rare to observe a lack of infighting in cryptocurrency – especially on social media – but Bitcoin’s tenth anniversary appears to have received unanimous positive reactions. From analysts to traders to educators, businesses and exchanges, everyone involved in Bitcoin was…

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Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela Starts Selling Petro On Monday, the Venezuelan government announced that the public can now purchase the country’s national cryptocurrency directly from the Superintendency of Cryptoassets and Related Activities (Sunacrip). Sunacrip is in…

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A Quarter of Rich Millennials Say They Own Cryptocurrency, Another Third ‘Interested’

A new study has revealed that more than a quarter of “affluent” millennials either have or are using cryptocurrency. Now The Largest Generation in the US Communications and marketing firm Edelman has released its Millennials With Money report, which found that 25 percent either have cryptocurrency and/or are using it. What’s more, another 31 percent say they’re “interested in using it.” The given study was based on a survey of 1,000 affluent millennials, which is defined here as having at least $50K in investable assets or $100K in individual or joint…

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Kenya’s Bithub Africa Mines Bitcoin Using Solar Power

Bithub Africa has started using off-grid solar power to mine bitcoin and ethereum. John Karanja, the founder and chief executive officer of the small Kenyan mining operation, hopes to spread the technology to the rest of the continent while exposing the lie that cryptocurrency mining poses a danger to the environment. Also Read: U.K Government Moots Ban on Cryptocurrency Derivatives Clean Cryptocurrency “We are using solar energy in a similar manner to traditional power sources to test its reliability as a source for cryptocurrency mining,” Karanja told news.Bitcoin.com in an interview…

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PR: BitCanna – Dutch Blockchain Startup Launching a Revolutionary Cannabis Platform

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. Leading global cannabis brands are ready to go cashless and take advantage of all the opportunities offered by the BitCanna blockchain platform AMSTERDAM, October 31, 2018 – With the current exponential growth of both the global cannabis industry and blockchain technology, there is a potential…

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Study: 60% of Eligible Voters Believe Crypto Donations Should Be Legal In Federal Elections

A Clovr survey of 1,023 registered voters in the United States found that 60% of respondents thought it should be legal to donate crypto in federal elections. Clovr, a “company focused on promoting the mainstream adoption of blockchain technology,” has carried out a few surveys to gauge people’s attitudes about cryptocurrency. In early October, the company found that 75% of respondents surveyed via Amazon’s Mechanical Turk platform had an understanding of what cryptocurrency is. 60% of the 1,004 respondents affirmed they felt comfortable “explaining cryptocurrency” to a novice. The most…

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Warren Buffett’s Berkshire Hathaway Invests $600 Million in Two FinTech Firms

Despite Buffett’s blatant disdain for cryptocurrency and fintech, two $300 million dollar investments into two fintech payment firms suggest that Berkshire Hathaway may be ready to join the crypto party. A Change of Heart? On Tuesday the Wall Street Journal (WSJ) reported that Warren Buffett’s multinational investment conglomerate, Berkshire Hathaway, is reported to have invested nearly $600 million in two fintech firms focused on emerging markets. Buffett, who is a notorious no-coiner, is also infamously vocal about his disdain for cryptocurrency and has gone on record as saying “Bitcoin isn’t…

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Ron Paul Admonishes Fed, Comes out Against Crypto Taxes in New Blog Post

Former US Congressman Ron Paul believes that tax-free cryptocurrencies may help navigate the economy past recession. Paul, the consummate libertarian and eternal critic of the Federal Reserve, believes that the abolition of crypto taxes may help avoid a crisis similar to 2008’s recession. On Monday, Ron Paul released a blog post via the Ron Paul Institute for Peace and Prosperity entitled, “Trump Is Right, the Fed is Crazy.” Paul, echoing Donald Trump, lambasted the Fed’s increased interest rates as “crazy.” In fact, Paul even harkened to the definition of insanity as doing…

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South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Unauthorized Crypto Funds South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have warned investors of unauthorized cryptocurrency funds. The warning followed the launch of a financial product where…

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UK Government Moots Ban on Cryptocurrency Derivatives

The U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency futures and options will also be looked into, in discussions slated for the first quarter of 2019. Also Read: Coincheck Reports Deepening Losses of $5.3 Million in Third Quarter FCA Worried About Consumer Protection and Risk…

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