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5 Tough Misconceptions of Crytocurrency Answered

5 Tough Misconceptions of Crytocurrency Answered

If life has gotten dull and you want to liven things up a little, bring up the topic of cryptocurrency in a crowded room and you’ll soon have a fight on your hands. Cryptocurrency is one of those third-rail topics where every conceivable interest group seems to have an impassioned pro/con opinion. While some see it benignly as digital cash for the internet, others view it as an instrument to bring ...

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Circle CEO — Bitcoin to be Part of Global Banking Order

Circle CEO — Bitcoin to be Part of Global Banking Order

by Jeff Roberts | via Gigaom | The future of bitcoin will be determined by central banks, standards bodies and corporate contributors. That’s the view of entrepreneur Jeremy Allaire, who used a Monday morning keynote address in New York to set out out a vision of the digital currency that is decidedly unlike the decentralized dreams of many early bitcoin backers. Bitcoin will one day be subject to global treaties and central bank interventions, ...

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Goldman Sachs: Bitcoin Is More of a Commodity (Not A Currency)

Goldman Sachs: Bitcoin Is More of a Commodity (Not A Currency)

by Jonathan Shieber | shared from TechCrunch | Goldman Sachs thinks that Bitcoin believers need to take a cold shower, drink some coffee, and sober up. In the wake of Mt. Gox’s collapse, the supposed outing of Bitcoin’s creator, and some high-profile arrests, the financial services firm has put together an exhaustive survey of “Bitcoin” and “bitcoin” and ultimately finds the technology promising but the currency wanting. The key takeaway: Bitcoin likely can’t work as a currency, but … the ...

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Canada’s Bitcoin Casualty: BTC Bank Flexcoin Closes After High-tech Heist

Canada’s Bitcoin Casualty: BTC Bank Flexcoin Closes After High-tech Heist

shared from Associated Press | San Francisco | A Canada-based bank specializing in bitcoins says it has closed after computer hackers stole its digital currency. The closure of the Flexcoin Bank comes just a week after the collapse of Mt. Gox, a major bitcoin exchange. The Japan-based Mt. Gox also linked its demise to an electronic heist. The twin failures of Mt. Gox and Flexcoin will likely raise more doubts about bitcoin’s ...

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Now Open: Pinoy-owned Bitcoin Trading Website

Now Open: Pinoy-owned Bitcoin Trading Website

shared from Newsbytes.ph | Despite the bad publicity that Bitcoin, the phenomenal digital currency, has garnered lately, particularly the high-profile closure of Japan-based exchange Mt. Gox, a Filipino-owned trading platform has just opened its services to engage the world in Bitcoin trading. The site, mBTC.ph, is the brainchild and operated by the same set of people behind AltoCirrusPlus, which has invested heavily in cloud computing services. The site has been in ...

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Bitcoin PH: 5 Reasons Why the Bangko Sentral Issued a Warning

Bitcoin PH: 5 Reasons Why the Bangko Sentral Issued a Warning

shared from Newsbytes | With the phenomenal emergence of digital currency Bitcoin – and the recent controversial closure of some Bitcoin exchanges such as Japan-based Mt. Gox – the Bangko Sentral ng Pilipinas (BSP) has issued an advisory on the use of the virtual currency. The country’s monetary authority released on Thursday, March 6, a press release, which took a strong stance against the trading of the digital currency in the ...

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Bitcoin: Mt. Gox Falls, But China Sees a Gold Rush

Bitcoin: Mt. Gox Falls, But China Sees a Gold Rush

by Laure He | shared from MarketWatch | Now that the bitcoin giant Mt. Gox has fallen, is the craze for the digital currency fading? Well, at least not in China. The panic triggered by the sudden collapse of Mt. Gox this week seems to have less effect on the zeal of Chinese investors. On Friday, while fans in Hong Kong embraced the opening of the first bitcoin retail store by ...

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Bitcoin: To Buy Or Not To Buy?

Bitcoin: To Buy Or Not To Buy?

by Homer Nievera | Last year, following the sharp fall of the Bitcoin’s value from a high of $1,200 to a low of $400, it is now hovering the $750-$800 mark. So is the continuing saga of the speculative nature of cryptocurrencies in this present day and age. But so was the Internet in the early to mid-1990′s. Then it boomed into a bubble, then burst in early 2000 — ...

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