The cryptocurrency market has exploded over the last two years, with almost 1600%, and for the last 12 months - with around 600%. That is tremendous growth, especially for Bitcoin that is heating up discussions and "worries" from governments around the world about its plausibility and future in numerous industries. According to cybersecurity expert, John…
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After China announced its ban on domestic exchanges trading Bitcoin, South Korea is the next country that also came out with the news that it is going to ban Initial Coin Offering (ICOs). With the popularity of ICOs going through the roof, with some estimating that the total market value of the ICO market is…
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On September 25th, at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, the President of ECB, talked about the current economic and inflation outlook for the European Union, the growth of the real GDP (coming at 2.3%), the corporate sector purchase program and the monetary policy in…
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As reported by Frank Chaparro at Business Insider, Nicholas Gelfman, a head trader at Gelfman Blueprint, a company based in New York, solicited $600,000 from around 80 clients, essentially forming a Ponzi scheme with Bitcoin. According to CFTC, certain investors came in to Gelfman firm, gave him money “for placement in a pooled commodity fund…
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As reported by Bloomberg today, Bitcoin is facing another possible split in November, which would mean that the world will have three different versions of the cryptocurrency. With the growing popularity of the currency, miners and developers seek new ways to diversify the increasing “hunger” of the population. One of the “Bitcoin gurus”, Roger Ver,…
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According to CoinDesk, the US Senate passed a $700 billion defense bill that includes a mandate for the Department of Defense to conduct a study on blockchain and the technology behind it. On September 18th, along with the US military defense spending budget, an amendment suggested by Senator Rob Portman of Ohio, proposed a potential…
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According to The Street, around 78.6% of Americans have heard about bitcoin, and what it is. However, some 11% believe that bitcoin is actually illegal and around 48% of surveyed people do not know if the cryptocurrency is illegal or not. The survey was conducted of 1,000 people. One reason this perception dominates the public’s…
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