The South African Reserve Bank (SARB) has announced that it will begin testing regulations for digital currencies such as bitcoin. During the first seven months of 2017, the digital currency market has experienced huge gains with slight drops in between. At the beginning of the year bitcoin was valued at $1,000; however, its price has …
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The popularity of initial coin offerings (ICOs) has taken off to such an extent that ethereum’s co-founder has said that there is now ‘an over-tokenisation of things.’ Speaking in an interview Charles Hoskinson, who helped to create the ethereum network, said: “People say ICOs are great for ethereum because, look at the price, but it’s a …
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The deputy governor of Egypt’s central bank has rejected claims that bitcoin adoption will take place at the country’s banks. In a statement posted on Arabian news site Amwal Al Ghad, Lobna Helal, the Central Bank of Egypt’s (CBE) deputy governor, denied reports that the bank was permitting banks to handle bitcoin adoption. In a statement, …
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The Indian government is considering whether to introduce a goods-and-services tax on bitcoin purchases, according to local reports. According to The Hindu, the government is thinking about implementing a regulatory regime for digital currencies such as bitcoin which would enable a tax levy. At the moment in India digital currencies are neither legal or illegal; however, …
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The value of bitcoin is up by 250 percent in 2017, but according to research conducted by Morgan Stanley, bitcoin acceptance has seen a decline among top merchants. For a digital currency that is working at becoming a mainstream currency that people use for their day-to-day purchases, could this be the beginning of the end …
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The former CEO of the now-defunct bitcoin exchange Mt Gox is preparing to head to trial in Japan next week where he faces embezzlement charges relating to the disappearance of around 650,000 bitcoins. French-born Karpelès, who was released on bail last year from a Tokyo detention house on the condition that he didn’t leave Japan, is expected …
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The hackers behind the NotPetya ransomware have emerged again. This time they are demanding a one-off payment of 100 bitcoins to unlock victims’ files. On the 27th June, reports of a global cyberattack emerged that started in the Ukraine, crippling its computer systems. Infecting some of the world’s biggest organisations, the ransomware targeted 60 countries and around …
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The world’s biggest international financial institution that provides financial and technical assistance has launched a blockchain lab aimed at improving life in developing nations. Established in 1944, the World Bank Group is located in Washington, D.C., with more than 10,000 employees worldwide in over 120 countries. With more than one billion people living in poverty worldwide in …
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Bitcoin as we know it doesn’t exist in a paper form, which is one of the reasons why it’s so popular, but there are many who may have wondered what bitcoin paper bills would look like if it was in circulation. Well now, we can have some idea of what they may look like. In …
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A luxury seven-bedroom, six-bathroom house for sale in Canada has been listed on the Beijing Craigslist website for an eye-watering 1,075 bitcoins. The property advert, which was listed in the Vancouver suburb of Coquitlam at 1756 Hampton Dr. Located near the 18th hole of the Westwood Plateau Golf and Country Club, the advertisement has since been deleted by the author. However, according …
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An Indian intergovernmental committee tasked with looking into whether digital currencies such as bitcoin should be regulated is due to submit its report at the end of July. Earlier in February, the Reserve Bank of India (RBI) issued a statement regarding its stance on bitcoin, stating that it would be the public’s responsibility for the …
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A surge of interest in bitcoin has seen its price reach new heights, yet the excitement of the digital currency market in China has been watered down due to the nations government who wants to control bitcoin. According to a salesperson at Huobi, one of the ‘Big Three’ digital currency exchanges in China, the platform is …
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