The World Celebrates the 8th Anniversary of the First Bitcoin Transaction: Buying Two Pizzas

Julio Gil-Pulgar · May 22, 2018 · 5:00 pm The crypto-community celebrates the 8th anniversary of the first commercial transaction in which Bitcoin was used as a real-world currency to pay for an item. Two Pizzas for 10,000 Bitcoins On 17 May 2010, computer programmer Laszlo Hanyecz posted on the Internet a request to buy […]

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HODL or FODL? CNBC Africa Crypto Host Rates Top Four Cryptocurrencies

Nick Chong · May 21, 2018 · 5:00 pm CNBC’s cousin, CNBC Africa, has produced its own cryptocurrency segment, with its host appearing on CNBC’s Fast Money yesterday to discuss his opinions on the top four cryptocurrencies.  Cryptocurrencies are a worldwide phenomenon, with people from America to Zimbabwe getting involved in one of the world’s […]

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Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading

Osato Avan-Nomayo · May 21, 2018 · 5:00 am Louis Ong, a Vancouver-based bitcoin trader, has been sentenced to 20 days in a U.S jail for unlicensed cryptocurrency trading. Ong was apprehended as part of a sting operation by Federal agents. Apart from jail time, Ong must also forfeit about $1.1 million worth of bitcoin […]

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Tom Lee Explains Why Consensus Failed to Spark the Bitcoin Rally

Osato Avan-Nomayo · May 19, 2018 · 6:00 pm Tom Lee of Fundstrat Global is standing by his $25K end-of-year Bitcoin price despite the failure of Consensus to cause the much-anticipated crypto price rally. In an interview with CNBC, the analyst offered explanations for why the conference didn’t spark an increase in crypto prices. What […]

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More Crypto Exchanges Set up Shop in India Despite RBI Ban

Osato Avan-Nomayo · May 19, 2018 · 6:00 am Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. […]

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Coinbase Aims to Obtain Banking Licenses

Julio Gil-Pulgar · May 18, 2018 · 7:00 pm Coinbase, the largest U.S. Bitcoin exchange, has initiated exploratory conversations with financial regulators regarding banking licenses. Coinbase and Ivy Koin Meet with U.S. Regulators About Banking Licenses Coinbase is now intent on learning how to obtain banking licenses. The Wall Street Journal reports that, according to […]

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Iranians Will Buy Cryptocurrency As Economy Collapses, Analyst Says

Dieter Holger · May 18, 2018 · 6:00 am Following President Donald Trump’s announcement that the US would pull out of the Iran nuclear deal, the Iranian rial crashed from $0.00003 to $0.00002, or 50,000 rials to the dollar. Will this cause Iranians to turn to Bitcoin and other cryptocurrencies? Fleeing to Crypto Iran’s economic hardship heightened […]

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China Releases Cryptocurrency Grades: Ranks Ethereum 1st and Bitcoin 13th

Wilma Woo · May 17, 2018 · 7:00 am The China government produced its public Blockchain and cryptocurrency ratings May 17, placing Ethereum top of the list of 28 cryptocurrencies under inspection. Echoes Of Weiss? The ratings, which rank an initial tranche of 28 assets by three criteria – technology, application and innovation – come […]

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‘Cargo-Cult Engineering’: Bitcoin Core Dev Slams Consensus Conference

Wilma Woo · May 16, 2018 · 7:00 am Bitcoin Core developer Johnathan Corgan has joined Jimmy Song in criticizing the seeming lack of Bitcoin focus at this week’s Consensus 2018 conference. Corgan: Blockchain ‘Bashing’ Bitcoin In a long series of tweets summarizing the event, which ends May 16, Corgan highlighted what he described as […]

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Move Over Ethereum: RSK to Enable Smart Contracts on Bitcoin Blockchain

Adam James · May 15, 2018 · 7:00 pm Smart contracts and off-chain computing are coming to the Bitcoin blockchain, thanks to a partnership between RSK and iExec. RSK to Add Smart Contract Functionality to Bitcoin The RSK project — which aims to build Turing-complete smart-contract capabilities for the Bitcoin blockchain — is partnering with iExec in an […]

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