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Bitcoin News

Former Deputy Director of the Consumer Financial Protection Bureau endorses bitcoin

Posted on April 18, 2014

During a segment on Bloomberg TV’s “Street Smart,” Raj Date, former Deputy Director of the Consumer Financial Protection Bureau, gave a clear nod to digital currencies like bitcoin. Date noted that the creation of a faster, more secure financial network is a huge boon for consumers. The thing I like about innovation in consumer finance, […]

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Ron Paul says there should be “no restrictions” or taxes on bitcoin

Posted on April 18, 2014

There are few figures in recent American politics as controversial as former U.S. Congressman Ron Paul. The noted libertarian-leaning Republican from Texas has long been an opponent of the Federal Reserve banking system, and has advocated for more “private money” in the world economy. Although not a supporter of bitcoin per se, Paul has regularly […]

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Malware causes wallet woes for LocalBitcoins

Posted on April 18, 2014

Person-to-person bitcoin-exchange and escrow service LocalBitcoins has had a rough couple of days. On Wednesday, reports began to surface on IRC and the site’s forums that user wallets had been compromised. Standard protections, such as long passwords and two-factor authentication, seemed to have no effect on the hacks. Posts on the LocalBitcoins blog confirm that […]

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Neo & Bee staff tell their side of the story

Posted on April 18, 2014

The story of would-be “bitcoin bank” is sure to become the stuff of cryptocurrency legend. From the high-profile launch of the company in Nicosia, Cyprus, to the dramatic collapse of the company only a month later, at every turn the Neo tale has been filled with drama, mystery and intrigue. Was founder and CEO Danny […]

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OKCoin and CHBTC report some bank accounts closed

Posted on April 17, 2014

China’s rumored April 15th “bitcoin ban” may not have materialized, but that doesn’t mean things have stabilized for the country’s cryptocurrency exchanges. Earlier today, major Chinese exchanges OKCoin reported that its accounts at the China Construction Bank had been closed, while the owner of smaller exchange CHBTC had his personal account (which had been serving […]

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Report: Africans “hurt” by high remittance fees

Posted on April 17, 2014

If there is a single real-world problem that bitcoin could solve, it’s the overwhelming cost of sending money internationally. According to investors like Barry Silbert, it may be bitcoin’s role as an alternative remittance provider that catapult the cryptocurrency into the mainstream. At the moment, remittance fees average between 7 to 9%, creating a real […]

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Report: $100 daily investment in bitcoin over the past year would yield 183% return

Posted on April 17, 2014

Reddit user “jratcliff63367″ recently posed an interesting question: What if you had invested $36,600 in bitcoin over the last year at a rate of $100 per day? What would the result of this dollar-cost-averaging approach? His answer was a total of 203 BTC bought over the year, with a profit of $67,119. That’s a whopping […]

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U.K.-based technology reseller CeX to offer bitcoin for used goods

Posted on April 17, 2014

Online marketplace CeX is something of a clearinghouse for used technology and entertainment products. If you live in the U.K. and have a used smartphone, a bunch of dust-gathering DVDs or an old DSLR camera, CeX lets you trade it in for cash. Starting this week, you can also swap out your used possessions for […]

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Blockchain announces open nominations for the Blockchain Awards

Posted on April 16, 2014

The Bitcoin Foundation and Blockchain.info are partnering to launch the Blockchain Awards to “celebrate innovation and excellence in the Bitcoin community.” The initial round of awards will go to people and projects in ten categories, with nominations being open to the public. The current list of awards are: Most Impactful Charity Most Creative Video Most […]

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Report: Colorado marijuana vending machines will accept bitcoin

Posted on April 16, 2014

In recent article in Denver Post-owned marijuana-industry publication The Cannabist, the first batch of soon-to-launch pot vending machines will be built to be bitcoin friendly. The machines are being marketed under the brand name ZaZZZ, and are intended as an ancillary service for use in marijuana dispensaries. The machines aren’t quite as simple to use […]

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