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Month: February 2017

Here’s (Most of) What Has Happened to Bitcoin in China So Far in 2017

2017 for bitcoin has already been dizzying. The price broke $1,000 on January 1 and, last week, it broke through an all-time high. The price gains have come as a flurry of events in China, where the digital currency is defined as a ‘virtual good’, have left the Bitcoin scene there in disarray.  Related: The Butterfly Effect of Bitcoin’s Exchange Regulations 2017 On January 5, the People’s Bank of China (PBoC) spoke with bitcoin exchanges informing them that bitcoin is still not a currency under Chinese laws. Rumors abounded that China would soon act to ban Bitcoin, a nation where the...

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$1, 210: Bitcoin Price Comes into New All-Time High

Bitcoin is generally showing no sign along with dropping below its perfect highs. After  trading above $1, thousand for more than two weeks, the bitcoin price has now provided everything analysts believe is large evidence the digital currency’s price has established a floor at this level. The cryptocurrency to become enjoying its longest stretch above $1, 1000 in history, a period it launch on 14th February. During this period, bitcoin conveniently have been pushing steadily increasing, reaching a new all-time high of $1, 186. 33 on 23rd July and then rising to new kinds of record levels over the...

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Compared to: 3 Platforms Paying You have to in Bitcoin for Posting Images

Recently, three different start ups have begun offering some way for anyone to earn bitcoin by uploading content example images and videos. Bitcoin. com has a look at the differences between the three networks. Also read:   Great new Image Hosting Service Gives Thousands of Uploaders in Bitcoin   Loopnroll Loopnroll grants users to publish photos, rapidly videos and animated gifs along with music that is playing on while viewing. For each analysis that a post gets, number of bitcoin is earned merely its poster. “ All site is about one year retro, but the BTC feature is a...

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Central Banks Back Hyperledger Blockchain Project

The Bank of England and the Federal Reserve Bank of Boston are among 11 new members of the Linux Foundation-led Hyperledger blockchain initiative. Announced today, the two central banks join a group of more than 100 startups, financial institutions and enterprise firms that are backing the project. They are the first institutions of their kind to become part of Hyperledger. And while the Boston Fed has published research on the tech, the Bank of England, by contrast, has pursued a range of applications, including the potential issuance of a digital currency. The slate of new members includes health care...

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Former UK Prime Minister David Cameron Praises Blockchain Tech

Former British prime minister David Cameron has said that bitcoin and blockchain technology have the potential to improve both financial inclusion and government transparency, according to reports. Cameron, who served as prime minister from 2010 to 2016 before resigning in the wake of the Brexit vote, made his comments at the opening of new London offices for bitcoin startup Blockchain earlier this week. According to Business Insider, Cameron conceded his limited knowledge of the tech, but stated his belief that it could have a significant impact beyond finance, particularly in regards to public services. He reportedly said: “Obviously you’ve got amazing opportunity using blockchain...

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