Tag: Bitcoin Adoption
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The Central African Republic’s adoption of bitcoin, according to the IMF, poses risks.
The International Monetary Fund (IMF) has joined the chorus of critics of the Central African Republic’s (CAR) decision to adopt bitcoin. According to the IMF, the adoption poses legal and economic challenges not only to the country, but also to the region. The IMF has reportedly said the CAR’s recent decision to adopt bitcoin poses…
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Speculators Jump On New Gold Rush Called Ethereum Name Service
Ethereum Name Service (ENS) launched on mainnet on May 4, 2017. At launch, ENS featured an automated registrar process allowing anyone to easily and cheaply register names ending in “.eth” using an auction process. The auction system enabled anyone to purchase a .eth addresses of at least seven characters in length. Since its launch over 618,000 auctions have…
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India Goes Bitcoin: Zebpay Will Add 500k Users Monthly by 2018
Indian Bitcoin exchange Zebpay is adding 200,000 users a month and is eyeing half a mln by the end of 2017. In an interview with Forbes India, the exchange, which is one of the country’s ‘big names’ in Bitcoin along with Unocoin and Coinsecure, described recent market transformation as “crazy.” “It is crazy now. But when we started Zebpay we had no…
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5 Cities That Let You Buy Real Estate with Bitcoin
Bitcoin is a next-gen, all-digital currency that’s already a global phenomenon. Developed with high levels of security and anonymity in mind, it’s touted as a potential replacement for paper- and coin-based money in the near future. Some industries, including real estate, are capitalizing on this emerging trend by letting clients buy property via Bitcoin. It’s a…
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Goldman Sachs Will Start Bank Money ‘Stampede’ Into Bitcoin: Ritholtz CEO
Ritholtz Wealth Management CEO Josh Brown has said the “stampede is coming” for Bitcoin from banks – as soon as next year. In a piece on Reformed Broker, Brown, who is a legacy finance figure openly supportive of cryptocurrency, said Goldman Sachs is rumored to be the major institution to take Bitcoin mainstream with Wall Street.…
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Japan’s SBI to Launch Digital Currency for Instant Payments
A Japanese financial services group is drawing plans to issue its own tradeable digital currency to be used for payments and instant P2P transfers. Japan’s SBI Holdings, a major financial services group already invested in digital currencies and blockchain technology (via Ripple), is set to issue its own digital currency for payments. According to the prominent regional…
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Sweden Poised to Become Leading Scandinavian Cashless Society through Bitcoin
Sweden is fast-moving to follow through on its plans to become the world’s first cashless society. While this is seen as a good sign for digital currencies on a new progressive frontier, it brings issues, such as privacy concerns, when every transaction is surveyed. Nevertheless, the country is still rooting for Bitcoin as the answer to provide anonymity similar…
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The “Bitcoinization” of Venezuela?
In recent months, news about Bitcoin being widely purchased and mined in Venezuela has led to a number of rumors regarding the growth and demand of the cryptocurrency there. An interview with Daniel Osorio of Andean Capital Advisors on CNBC indicates that the country may soon ‘Bitcoinize’ completely. Osorio, who spends about a week per month in…
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Malaysia Legalizing Bitcoin? Bank Negara Issuing Guidelines for Crypto
In the wake of recent and painful Chinese cryptocurrency lockdowns, other countries are beginning to be more open to Bitcoin and others. A recent statement by Malaysia’s Bank Negara governor Tan Sri Muhammad Ibrahim at the Global Symposium on Developing Financial Institutions would indicate that Malaysia may be the next to open its doors to Bitcoin. The governor…