Bitcoin, when introduced was compared to any other in-game currency which didn’t hold any value in the real world. But few years down the line, the cryptocurrency proved false notions wrong by becoming one of the most valuable financial assets…
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Legal Eagles Continue to Contemplate on Whether Bitcoin Is Money or Not
Russia to Declare Bitcoin Legal, Introduce Regulations
Russia has recognized the increasing popularity of Bitcoin and its potential to solve a range of issues plaguing the current financial system. The country which has been against the use of cryptocurrency for transactions within the country is now planning to assign a legal status to the digital currency to pave the way for a more structured crypto-ecosystem in the country.
Do digital currencies spell the end of capitalism?
It started with the best of intentions: in 2015 a group of programmers inspired by the success of Bitcoin launched a new software platform called Ethereum that allowed users to conduct transactions without a central bank or currency authority using “tokens” called Ether instead of dollars or pounds. Even more exciting, their platform allowed for “smart contracts” so a deal could be made conditional in all sorts of ways, allowing for everything from options contracts tied to future commodity prices to elaborate corporate governance and voting schemes.
The first investor in Snapchat thinks bitcoin could realistically be worth $500,000 by 2030
Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $1,190…
Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin
Japan’s consumer electronic retail giant Bic Camera officially began accepting Bitcoin payments on Friday at two of its stores in Tokyo. 28 media crews reportedly gathered to cover the premier event. Bitflyer which processes Bitcoin payments for the stores has also launched a campaign to give away bitcoin to shoppers using its wallet.
Purse and BitPay Propose Extension Block Soft Fork. Could this End the Block Size War?
After SegWit-2MB, Extension Blocks is the second proposal from the week beginning April 3 that aims to overcome the block size crisis. The proposition is backed by BitPay, Purse and a Lightning developer. Chinese miners seem to like the idea, while some Core developers react slightly irritated but engaged in constructive criticism…
Barry Silbert and the Cost of Bitcoin’s Malfeasance Culture
The Bitcoin ETF didn’t pass this month and it hurt us and many others who were long Bitcoin and have been long time hodlers. The SEC ruling was a stern rebuke of Bitcoin’s backroom dealing, unsavoury culture. This article exists to list how bad Bitcoin compliance, fiduciary, and ethical culture has gotten, and why we need to police ourselves better lest we risk having harsh regulation foisted on us by the FSA or the SEC or other financial regulatory bodies. If we don’t do better and now, we will all lose money in the long run and some of us will go to jail or be sanctioned.
Collecting metal: the inner and outer worlds of jewelry, coins, bullion bits, and odd shiny things
Millions of millennia ago, in our own Milky Way galaxy, but far upstream of where we are today, two neutron stars spiraled around each other, each embodying the mass of a sun but smaller and faster than a speeding planet. Each of these tiny gigaworlds, millions of times denser than our sun, had been produced, not by a mere exploding star, but by a far more powerful supernova.
Five Thoughts On What Bitcoin's Rise In Value Means
The cryptocurrency bitcoin — money backed by mathematics rather than governments or precious metals — first came into existence around 2009. The digital currency, which is “mined” by computers, has since gained a solid number of adherents, and nearly as many questions.
Blockchain Solutions Coming for U.S. Crude Oil Market
Natixis, Trafigura Trading and IBM announced that they have partnered up to deliver the first-ever blockchain-based commodity trade finance platform for the U.S. crude oil market. The new platform will allow crude oil transactions to be digitized to ensure more transparency and efficiency as well as improved security in the trade finance process.