Russia: Telegram Ban Failure Shows Banning Bitcoin is Impossible

Amid chaos and mass complaints, the Russian government may have to “ban Bitcoin” in order to successfully ban Telegram. Telegram Shrugs Off Failed Censorship The ‘solution’ to the seemingly impossible task of stopping Russian users accessing the encrypted messenger app underscores the crude reality of censoring global (and decentralized) networks. That’s according to social media commentators both inside and outside Russia, who are responding to the country’s telecommunications regulator Roskomnadzor’s failure to actually block Telegram with a mixture of embarrassment and satirical joking. In the days after a Moscow court…

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Amazon May Soon Accept Bitcoin (And Sell the Data to Law Enforcement)

Amazon Technologies, Inc. – a subsidiary of American electronic commerce and cloud computing giant Amazon.com, Inc. – has won a patent for a marketplace that offers data feeds. More important, the patented marketplace includes bitcoin transactions. Patent Approved The U.S. Patent and Trademark Office has approved Amazon Technologies’ filing for a patent on a streaming data marketplace. The patent in question was originally filed in September 2014 and makes reference to bitcoin transactions twice. As noted by CNBC, the first bitcoin-related instance described “a data stream that publishes or includes global…

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Bitcoin in Brief Thursday: Another ICO Ghosts with $50 Million – Sends Thanx from Beer Beach

Today we’ve simply given-in to no nutritional value, guilty pleasure, lowest common denominator: bitcoin-related crime news. Start your day with laughs and head scratching, as we examine the Savedroid ICO exit scam, an international bitcoin heist escape, the fury of a scorned woman, a bear spray robbery, and some whole food violence.   Also read: Bitcoin in Brief Wednesday: Pornhub? We’ve Never Heard of Pornhub Savedroid Ghosts With Investors’ Money This can’t be real, right? This must be a publicity gimmick. Well, in any event, German online news source Wirtschafts Woche…

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Majority of US States Have Taken a Stance on Bitcoin and Blockchain

Most US states have adopted some regulatory stance in regards to cryptocurrencies like bitcoin and the blockchain technologies behind them, according to a report by the Brookings Institution. The study classifies jurisdictions according to their attitude towards digital currencies and the levels of engagement with the underlying technology. Also read: Several States Spearhead Bitcoin Adoption in the U.S. Two Waves of Regulations in Four Years State governments are at various stages of implementation of crypto and blockchain technologies. Some of them have not yet introduced regulatory regimes to take full…

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Pretty Much Everyone in the UK Has Heard of Bitcoin

Bitcoin may still be a long way from its past peak, but public awareness of the leading cryptocurrency is at an all-time high – especially in England. What, You’ve Never Heard of Bitcoin? Finding someone who’s never heard of Bitcoin is quite the rarity these days. 93 percent of people in the United Kingdom have now heard of the formative cryptocurrency — up 2 percent from January 2018 and up 13 percent from November 2017. The numbers come from D-CYFOR, an opinion tracker which delivers insights into markets. brands, people, and…

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Majority of US States Has Taken a Stance on Bitcoin and Blockchain

Most US states have adopted some regulatory stance in regards to cryptocurrencies like bitcoin and the blockchain technologies behind them, according to a report by the Brookings Institution. The study classifies jurisdictions according to their attitude towards digital currencies and the levels of engagement with the underlying technology. Also read: Several States Spearhead Bitcoin Adoption in the U.S. Two Waves of Regulations in Four Years State governments are at various stages of implementation of crypto and blockchain technologies. Some of them have not yet introduced regulatory regimes to take full…

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How Icon (ICX) and Others Skirt South Korean Restrictions

Six months ago, South Korea — one of the largest cryptocurrency markets in the world — banned the issuance of new cryptocurrencies. However, that hasn’t stopped South Korean blockchain entrepreneurs from circumventing the country’s restrictions by launching Initial Coin Offerings (ICOs) overseas. Chased Out In September, the cryptocurrency hotspot of South Korea officially banned Initial Coin Offerings (ICOs) within its borders. Some blockchain companies, however, are skirting such restrictions by issuing their coins and tokens abroad. One such company is Icon (ICX) — a blockchain network not entirely dissimilar to Ethereum…

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Paxful Understands Bitcoin Is a Steadying Influence in Developing Markets

Paxful, the cryptocurrency P2P finance platform, realizes the key role Bitcoin plays in providing a steadying influence to developing markets, such as Africa or South America, that feature dire economic systems. Many people are lucky to live in a country that has a stable economic system. Individuals living in Japan, the United States, or Germany don’t worry about rampant inflation, a national infrastructure that is at the point of collapse, or the availability of basic necessities, such as food and medicine. Yet millions of people in developing markets throughout the…

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Indian Exchange Takes Central Bank to Court Over Bank Ban

The Indian bitcoin community keeps fighting for their rights to operate freely in the country like any other industry. The latest show of defiance is a petition to the court against the actions of the Reserve Bank of India by the operators of a local exchange. Also Read: SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO RBI Ban Unconstitutional Kali Digital Eco-Systems, the company behind the upcoming cryptocurrency exchange Coin Recoil, has appealed to the High Court in Delhi against the recent crackdown on banks…

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What is NAGA Coin (NGC)?

NAGA takes the stress and pain out of managing multiple investment accounts across a multitude of trading platforms by offering a base to meet every cryptocurrency investor’s needs – and it’s all powered by the NAGA COIN. A Unified Platform The way things stand today, banks and financial institutions around the world are in almost complete control of financial access – setting the rules and keeping things far from transparent. Because of this, the amount of liquidity present in the virtual marketplace is stymied, and there’s no unified interface providing…

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