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Bitcoin Acceptance

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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Mt Gox

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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House for Sale

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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Bitcoin Ban in India

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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PBoC Bitcoin

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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Bitcoin Is In A Bubble

Claims that bitcoin is in a bubble are frequent statements that the digital currency community are used to hearing, and now someone new has jumped on board adding their voice to the mill. Jim Rickards, bestselling author and currency expert, believes that bitcoin is in a bubble. Why, though, does he think this? The Currency …

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Digital Currencies

A rising number of Venezuelans are turning to digital currencies such as bitcoin as the country continues to battle a political, economic and social crisis. In February 2017, inflation in the country is reported to have soared to 741 percent year-on-year. In December 2016, inflation rose by 800 percent, reaching an all-time high. In comparison, …

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Bitcoin Ray Kurzweil

A man known for his ability to make uncanny predictions with future innovations has said that he won’t be putting money into bitcoin, stating that the digital currency won’t be the replacement for fiat currencies. Ray Kurzweil, Google’s director of engineering, made these comments at the Exponential Finance Summit, a New York City technology conference that was …

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Bitcoin

Romania’s central bank has reportedly issued a new statement confirming its position remains the same regarding the digital currency bitcoin and has warned users from it. In 2015, the Banca Naţională a României (BNR), the central bank of Romania, first warned the public about using bitcoin for payments due to its high volatility in an official notice; however, …

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Russia

As Russia’s Central Bank explores the ways in which it can regulate the digital currency Bitcoin, the bank’s governor has raised questions as to whether it can be classed as a currency. In a recent interview with CNBC, Elvira Nabiullina, governor of the Russian Central Bank, stated that she views Bitcoin as a digital asset …

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Bitcoin

An analyst who rightly predicted that Bitcoin would reach $2,000 in 2017 has gone on to predict greater things for the digital currency in the future, claiming that it can reach $100,000 in 10 years. In December 2016, Denmark-based Saxo Bank released a report called Outrageous Predictions for 2017. At the time, the price of Bitcoin …

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