Venezuela to Regulate Bitcoin Mining

According to local sources, the government of Venezuela is scheduled to launch an online registry for Bitcoin miners by Dec. 22. All Bitcoin miners in the country will be required to sign up. The registry is the first step in the development of a full legal framework to tax and regulate cryptocurrency mining in …
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'Bitcoin bubble' immoral?

What is behind the cryptocurrency Bitcoin's phenomenal rise in values, from $800 last year to $17,000 today? Is this a bubble or a durable value, and what are the ethical implications behind using a currency that may aid such causes as organized crime and North Korea's nuclear program? What is …
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Bitcoin Is the Hottest Thing Around. So Why Is It So Hard to Use?

While more than three-fourths (78.5%) are familiar with the cryptocurrency, nearly half (48%) aren't sure it's legal, according to a survey of 1,000 Americans by LendEDU, a personal finance comparison site. Still, 40% are open to using Bitcoin in the future. Will that next group of Bitcoin fans use it to buy …
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Want to really understand how bitcoin works? Here's a gentle primer

… of the popular cryptocurrency, today we'll provide in-depth explanation of how bitcoin works, starting with the basics: how do digital signatures make digital cash possible? How did Nakamoto's invention of the blockchain solve the double-spending problem that had limited earlier digital cash efforts?
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What Is Bitcoin Really Worth? Don't Even Ask.

Dabbling in Bitcoin lies somewhere between gambling and investing. After all, true investing requires a rational appraisal of an asset's value and that is simply not possible at present with Bitcoin. Real understanding of the economic issues underlying the cryptocurrency is almost nonexistent. It is not just …
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UK's FCA Chief Warns Bitcoin Investors: Be Prepared to Lose Your Money

… if they invest in bitcoin. Andrew Bailey, chief executive of the UK's Financial Conduct Authority (FCA), told the BBC's Newsnight program that buying bitcoin poses similar risks to gambling and, since it is neither backed by central authorities nor regulated, the cryptocurrency is not a safe investment.
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Survey: Most Bitcoin Investors Expect Even Fatter Returns in 2018

Most bitcoin investors in the U.S. are expecting the cryptocurrency to perform even better next year than this year's seventeen-fold appreciation, according to a newly published survey. LendEDU, a digital student loan startup which has now published four such surveys asking various questions about …
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Bitcoin: too risky or too good to miss? The experts are divided

As the bitcoin price began to nosedive — just a day after the cryptocurrency smashed through a $10,000 milestone — Alfred Churchill was frantic. Despite desperate attempts to withdraw thousands of dollars worth of bitcoin from his account with online exchange Coinbase, red error messages were …
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Japanese company to start paying employees in bitcoin

A Japanese company will start paying part of its employees' salaries in Bitcoin, as it aims to gain better understanding of the virtual currency, a spokeswoman has said. GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will …
social experiment by Livio Acerbo #greengroundit