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Showing posts from October, 2017

Professor of Finance from the United States: Crypto Currency Quickly Becomes an Alternative to Gold

According to Aswat Damodaran often referred to as Wall Street’s “Dean of Valuation, a finance professor at the New York Business School, people are increasingly choosing crypto-currencies rather than gold.
In his recent post, the expert noted that, in the final analysis, crypto-currencies, in the alternative to central banks issued by the central banks,
could replace gold in the course of time.
He also said: “I don’t believe cryptocurrencies are now or ever will be an asset class,” or that they will change the “fundamental truths of risk, investing and management.”

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The cost of Bitcoin Gold collapsed by 62% on the first trading day

The price of Bitcoin Gold collapsed by 62% at the end of the first trading day, despite the fact that the exchanges did not open access to deposits.
At the time of launch, Bitcoin Gold has the same blockage history as bitcoinBitcoin Gold developers left the main network on Tuesday morning at block 491.407,
“stalling” bitcoin user balances that they will receive on their Bitcoin Gold account.
At the same time, the developers have created about 100,000 coins, which, they declare, will be used to support the growth of the ecosystem of the new coin.

Bitcoint Strengthens Its PositionsPalestine Is Launching Own Cryptocurrency10 000 USD for a Bitcoin – How Realistic It Is?Lagarde sees no reason to reject crypto-currencies, does not consider them a threat to central banksSweden Settles a Debt in CryptocurrencyWorthless or Priceless? – Opinions about Bitcoin Value

In Singapore, there are no plans to regulate crypto currency, such as Bitcoin, the head of the Central Bank said.

According to the managing director of MAS Ravi Menon, the currency authority of Singapore, the Central Bank of the country and the financial regulator, will not try to centralize the crypto currency, but will consider possible measures to combat money laundering. In an interview with Bloomberg, the head of the central bank said: “We’ve taken the approach that the currency itself does not pose the risk that warrants regulation. Our approach is to look at the activity around the cryptocurrency and then make an assessment of what regulation would be suitable.”
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Bitcoin-platforms Toko Bitcoin and Bytpayer will stop working in Indonesia

The Indonesian Toko Bitcoin and Bitpayer platforms are closing down.
Such a decision was made by the management of the companies after the central bank of the country refused to recognize bikkoy as a means of payment. Bitpayer will stop working on November 1. The company appealed to clients with a request to withdraw funds from the platform accounts before the beginning of November.
Toko Bitcoin, which previously allowed to buy a prepaid phone or a voucher for electricity for bitcoins, stopped accepting crypto-currencies.
The head of the crypto-currency exchange of Indonesia stressed that the decision to close the two platforms was taken by the site managers themselves.
The Indonesian authorities are still only developing laws that allow the regulation of the turnover of the Crypto-currency.
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Warren Buffett warned of the danger of bitcoin

Bitcoin is a real bubble.
This was stated by one of the most influential investors of the planet Warren Buffett, reports Marketwatch.
In the course of the conversation, the speech about bitcoin also came up.
And the impressive growth in the price and capitalization of the first billionaires’ crypto currency is not impressive.
“People get excited from the big price movements, and Wall Street accommodations,” he was quoted.

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Warren Buffett warned of the danger of bitcoin

Warren Buffett warned of the danger of bitcoin



Bitcoin is a real bubble.
This was stated by one of the most influential investors of the planet Warren Buffett, reports Marketwatch.
In the course of the conversation, the speech about bitcoin also came up.
And the impressive growth in the price and capitalization of the first billionaires’ crypto currency is not impressive.
“People get excited from the big price movements, and Wall Street accommodations,” he was quoted.



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Following Debt Settlement in Bitcoin in Sweden

Following Debt Settlement in Bitcoin in Sweden



The first debt settlement that was accepted by the Swedish government to be paid in bitcoin, that should have changed the course of cryptocurrency history. And it did so.
As we have already mentioned, the state has infrastructure even if it wanted to keep the cryptocurrency. As was expected, the bitcoins that were paid to settle the debt, were auctioned, moreover, the 0,6 BTC with other bitcoin cash, the sum of which hasn’t been disclosed, was sold at an auction for about 6.841 USD.

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Worthless or Priceless? – Opinions about Bitcoin Value

Worthless or Priceless? – Opinions about Bitcoin Value

Bitcoin is a new currency meant to change the world? Or just a part of science fiction world that meant to disappear? Finance experts have absolutely contradictory meanings about the value of bitcoin.
While other cryptocurrencies, like Ethereum, for example, are limited in use, bitcoin is a way to save and to purchase, which means, its application is very wide and embraces all fields of our life. hence, its value may differ significantly from the value of other cryptocurrencies.



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Vaultbank, or Coin Offering Campaign from Blockchain

Vaultbank, or Coin Offering Campaign from Blockchain



Vaultbank is going to merge its portfolio with machine learning, artificial intelligence and cryptocurrencies for their financial services offerings.
Vaultbank will be the bank offering all options for cryptocurrency: Vaultbank Debit Card will allow investors a wide range of operations with cryptocurrency and for Forex traders – more than 17 currencies in digital format available for trading.



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ICO Ban in Japan a ‘Definite Possibility’

ICO Ban in Japan a ‘Definite Possibility’





Japan is a powerhouse in the cryptocurrencies market, trading around 63% of the world’s Bitcoin. Notwithstanding, ban of Initial Coin Offering (ICO) by some Asian nations has investors stressed that Japan could go with the same pattern.



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Paypal and Blockchain – Is Collaboration Possible?

Paypal and Blockchain – Is Collaboration Possible?



Online payment platforms do not provide a full set of solutions anymore, as none of them include options for operations in cryptocurrency. Paypal is facing a similar issue, even though this one is the most popular.
And now, just imagine how popular would be a platform, something like Paypal, but with Blockchainoperations option.



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Bitcoin Gold, or Another Split of Blockchain