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Author: Bitcoinist

World’s First Crypto Bank AriseBank Announces BitShares Partnership, Acquisition of FDIC-Insured Bank

The world’s first decentralized cryptocurrency bank, AriseBank, announced that they have reached an agreement with a Federal Deposit Insurance Corporation (FDIC) insured bank that has been in operation in the US for over a century. The acquisition, in addition to a partnership with Bitshares, will occur before the end of the year. The FDIC is an independent agency created by the US Congress to maintain stability and public confidence in the nation’s financial system. By

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Facebook Exec Joins Ripple Team

Bitcoin has remained relatively stable this week, slowly heading up from $16,500 to around $17,500 where it currently trades. Action is likely to heat up over the weekend as two more US exchanges launch their BTC futures contracts. This week has also shown some clear winners in the altcoin race, and one of them has been Ripple. Ripple (XRP) has shown little movement over the past three months trading in a channel between $0.18 and

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BitPay to Add Support for Bitcoin Cash, Other Cryptocurrencies

BitPay is one of the most popular Bitcoin payment processing companies in the world. Today, they announced support for more cryptocurrencies, starting with implementing Bitcoin Cash to their payment platform and debit cards. BitPay is a point-of-sale company that allows traditional businesses to accept Bitcoin. They provide an easy to use means for users to pay with the popular digital currency, which is especially attractive to businesses that have customer bases that may not be

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South African Revenue Service Has Their Eye on Your Bitcoins

The South African Revenue Service (SARS) is showing a keen interest in monitoring crypto trading in the country through blockchain-based technology. SARS has a fickle relationship with the people of South Africa, which is quite common between the average person and the tax man. South African citizens have to submit a (hopefully) true and honest financial declaration, which could result, depending on the information given, in said citizens paying SARS a certain amount of money. However,

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Woman Arrested for Sending $60,000 in Bitcoin to ISIS

A woman in Long Island has been arrested and charged for sending about $150,000 to the terrorist group ISIS. Of that amount, roughly $60,000 was in Bitcoin and other cryptocurrencies. Bitcoin and other virtual currencies offer people an economic system that lies outside the purview of national governments and banks. As with any other means of economic capital, virtual currencies can be used for things that are good and those that are bad. A mark

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Goldman Sachs Won’t Offer Margin To Some Bitcoin Futures Traders

Goldman Sachs is asking traders to provide 100% margin on the bitcoin futures positions it’s clearing, reports suggest. Reports have hit the press this week that Goldman Sachs is demanding that certain clients stump up 100% margin on their bitcoin futures positions, with the potential for volatility in the underlying asset cited as the driving force behind the decision. On December 10, CBOE Global Markets Inc., which is one of the world’s biggest regulated exchanges,

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NAGA Wallet: Cryptocurrency Solutions for your Success

Since the launch of Bitcoin in 2009, cryptocurrency topics are getting more and more attention. Day by day, more people are getting interested and involved in crypto. The geeky community that supported crypto through the first steps is being joined – and possibly supplanted – by ordinary people that don’t have a deep understanding about blockchain technologies and have either come to this space for speculative purposes or followed a new project whose ICO they

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Chronobank Makes Time For Estonia’s Crypto Effort

As Estonia rolls out the public-private program to launch its cryptocurrency and fund its ambitious blockchain program via a TGE, Chronobank joins as a partner and an advisor, helping the Baltic state to tokenize its labor relations. Helmed by Sergey Sergienko, Chronobank has two key roles in Estonia’s new crypto-economy. First, Sergienko, Chronobank’s CEO, is now a part of the board of directors of TokenEST OU’s, the commercial and operations arm of the newly created

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Danish Hockey Player Becomes First Pro Athlete to Get Paid in Bitcoin

A Danish Bitcoin billionaire has signed a sponsorship deal with a Danish ice hockey club, where one player will become the first to receive his salary in Bitcoin only, as the team’s venue will get renamed to Bitcoin Arena. Out With Rungsted, In With Bitcoin As the Swiss crypto platform confirmed Wednesday, Bitcoin Suisse’s Niklas Nikolajsen has entered into a three-year package with Rungsted Seier Capital, replacing previous sponsor, Bitcoin-friendly Saxo Privatbank. “The sponsorship is

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Ethereum Co-Creator Steven Nerayoff Joins RCN Advisory Board as Their Global Lending Ecosystem Expands Towards Asia

Entrepreneur and venture capitalist Steven Nerayoff has joined the RCN global lending project as a lead advisor. Through his venture capital firms Maple Ventures and Alchemist Ventures, Nerayoff founded several blockchain-based companies. However, he is perhaps best known as the co-creator and token sale architect of the Ethereum project from its infancy. Nerayoff is now part of the RCN team, whose core members are the same talent behind Ripio, the crypto company that was founded

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Crypto Solutions Tackle Web Censorship Concerns

As governments across the world continue to make moves to censor and control the flow of digital data across the internet, there a rising tide of concern over net neutrality. Blockchain solutions could be the answer for those seeking more freedom on the internet. A report in Thursday’s New York Times stated that the Federal Communications Commission has voted to dismantle rules regulating the companies that connect users to the internet. This would effectively yield

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Bloomberg Bright on Cryptocurrencies

As the Bitcoin boom continues, the big boys are finally taking notice. Most of the banking bigwigs would prefer to publicly denigrate it as it poses a threat to their business model, which largely revolves around making money off other people’s money. As prices started to soar, mainstream investors and financial institutions started to pay attention to Bitcoin and its brethren. According to a Fortune report, Bloomberg is the latest to acknowledge the prevalence of cryptocurrencies

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