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Author: Inside Bitcoins

Kraken Gets MBA Students to Choose Between Bitcoin and Ether

(The Coin Telegraph) – Kraken exchange has partnered with The Economist to ask students, from selected MBA programs, about their preference between the two digital currency networks and why. They were asked the question: “You have $1 million to invest across Bitcoin and Ether. You cannot touch your investment for the next five years. How much… View Article

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A Bitcoin is Worth 70% More in Nigeria Than in America, and Here is Why …

(TechZim) – As I write this article a Bitcoin in Nigeria is trading at $1,280, $550 more than the price of a Bitcoin in the United States ($730), or 70 percent above its premium. Bitcoin in Nigeria has experienced a rapid surge in pricing characterized by high trading volumes on the Nigerian exchange, BitX.

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Trans-Tasman Banking and Legal Experts Focus on Blockchain

(RNZ) – Legal and banking experts are putting their heads together to come up with a framework to regulate the game-changing blockchain technology, driving Bitcoin and other cryptocurrencies. A University of Auckland professor is leading the team tasked with developing a Trans-Tasman framework, with the help of a $50,000 grant from the Law Foundation.

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It Looks Like the San Francisco Muni Hack Was Worse Than We Thought

(Gizmodo) – This weekend, San Francisco’s Municipal Railway was savaged by hackers demanding over $70,000 in bitcoins, leaving the metro system unable to collect fares. But the hack may be much more devastating for the transit agency, according to a list of servers allegedly compromised by the hackers and obtained by Gizmodo.

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How Bitcoin is Transforming Casino Industry

(EconoTimes) – Not regulated by a central bank, Bitcoins have many advantages over traditional currencies such as the U.S. dollar and the euro: since the currency is decentralized, the price of Bitcoin is determined not by the monetary policy of a central bank, but by the free market. But while the philosophy behind Bitcoin is… View Article

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Uphold’s Virtual MasterCard to Make Online Payments with Bitcoin Easier

(newsBTC) – Uphold supports multiple cryptocurrencies including Bitcoin, Litecoin, Ethereum and Voxel. The platform is already known for its e-wallet service. The service allows customers to save their digital currency deposits in fiat backed wallets, avoiding fluctuation in value due to price volatility.

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Has Bitcoin Failed to Deliver?

(The Coin Telegraph) – Bitcoin has often been compared to the Internet itself. A project that will change the very world that we live in. The Internet has come to define the age that we currently live in, but can the same be said of Bitcoin? Has Bitcoin been an empty promise? Well, the truth… View Article

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IRS Casts Unusually Wide Net for Bitcoin User Data

(American Banker) – A request by the IRS for user data from a bitcoin exchange highlights simmering tensions between compliance and customer privacy for financial institutions and will test how those demands are balanced in the young field of cryptocurrency. Under a procedure called a John Doe summons, the IRS this month asked a federal… View Article

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Goldman Sachs Quits R3 Blockchain Consortium

(Financial Times) – Goldman Sachs has left the powerful R3 blockchain consortium, in a sign of tensions emerging as the big banks try to place their chips on a technology that could cut tens of billions of dollars of costs from the financial sector. The Wall Street bank had been one of nine original members… View Article

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How South Africa’s ‘Shark Tank’ Saw its First Bitcoin Investment

(CoinDesk) – For the first season, one of the four sharks is Vinny Lingham, a South Africa entrepreneur known for a string of companies including Gyft, Yola and now blockchain startup Civic. He also happens to be one of the most vocal supporters of Bitcoin, having incorporated it into past products. In the most recent episode, Lingham… View Article

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Coin Cloud to Launch Additional Bitcoin ATMs in Two Las Vegas Casinos

(World Casino News) – Coin Cloud is a company that offers Bitcoin ATMs in Las Vegas, having installed ATMS in the downtown area as well as along the Las Vegas Strip. The company has announced expansion plans to install two more bitcoin ATMs, one to be placed in The Plaza Casino and another in the Lucky… View Article

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IRS Demands Identities of All U.S. Coinbase Traders Over Three -Year Period

(Motherboard) – Instead of asking for data relating to specific individuals suspected of a crime, the IRS has demanded Bitcoin trading site Coinbase to provide the identities of all of the firm’s U.S. customers who made transactions over a three-year period, because there is a chance they are avoiding paying taxes on their Bitcoin reserves…. View Article

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