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Author: Bitcoinist

Mastercard Open to Cryptocurrency, But There’s a Catch

An executive confirms that Mastercard is open to the use of cryptocurrency, but there is a major catch involved. Banks have notoriously been steadfast in their opposition to cryptocurrencies, and this is for a very good reason. The peer-to-peer economic marketplace of digital currencies is a direct threat to the current financial monopoly held by banks and other financial institutions. Which is why it was surprising when an executive at Mastercard said that the credit

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Horizon Pre-ICO Starting March 19 – 60% Discount for Investors

The Horizon pre-ICO powered by Horizon Telecommunications has been announced to start on March 19. The project has been attracting a lot of attention as the first telecom based company raising funds through an ICO. The company through this initiative would roll out state-of-the-art telecom services in the Caribbean, quickly expanding to Central America and then to key markets Worldwide. Being a contributor to the sale enables users to generate and own the Horizon token.

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Federal Trade Commission Files Lawsuit, Targets ‘Deceptive Cryptocurrency Schemes’

The FTC has filed a lawsuit against two companies that have reportedly defrauded somewhere around 30,000 people worldwide, affirming their intent to disallow major cryptocurrency scam projects. Cracking Down on Crypto Scams The FTC’s primary focus is to protect consumers and enforce the legal framework that creates a competitive market, and they’re starting to take notice of the cryptocurrency space. There have been many questionable projects and quite a few outright scams. Some have promised absurd

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Crypto-Fiat Financial Platform Saifu to Make Using Cryptocurrency as Easy as Using a Traditional Online Bank Account

Saifu is looking to bridge the gap between fiat and digital currencies and bring access to financial services to the more than 2 million unbanked and underbanked people around the world. Bitcoinist recently sat down with Zach Murray, marketing director of the Czech-based startup, to discuss the merits of the platform, their upcoming ICO, and their participation in the recently completed Asian Tour 2018 roadshow. Bitcoinist: For our readers who may not be familiar with

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Gift Cards and Paxful Offer Economic Options to the Global Unbanked

The global unbanked have been frozen out of most economic ecosystems, but Paxful is changing this through the selling of gift cards on their cryptocurrency exchange. The rich and elite have a lot of options when it comes to economic decisions. They can invest in gold, stocks, bonds, precious gems, artwork, real estate, automobiles, and cryptocurrency. The only snag they face is the wait to convert the value of one asset into another, but such

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Mingo Adopts the Next Generation of Blockchain Technology for Its Three-In-One App Using Hedera’s Hashgraph Technology

Mingo, the all-in-one crypto messaging, e-commerce and e-sports platform, announced today that the project will be built using next-generation hashgraph technology from Hedera. Mingo lets you chat with its unique multichannel messaging capability and will soon let you shop and play on its platform, featuring an integrated cryptocurrency wallet and multi-use plugin capability. The company’s founders believe that their app will be a gateway to widespread consumer adoption of cryptocurrency, which they expect will grow

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Twitter to Begin Banning Cryptocurrency Ads

Reports say that Twitter will follow in the footsteps of Facebook and Google by banning a wide range of cryptocurrency ads. It appears that the digital world of cyberspace is continuing to shrink for those seeking to publish cryptocurrency ads. Facebook was the first to lower the boom as the social media platform banned cryptocurrency ads. This was followed shortly thereafter by a similar purge by internet behemoth Google. Now reports are coming out, saying

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British Bank Barclays Partners with Coinbase

One of the world’s biggest cryptocurrency wallet and trading platforms, Coinbase, has completed a deal with one of the biggest banks in Britain.  Bitcoin Trading to Become Easier for British Residents Coinbase, one of the biggest cryptocurrency exchange platforms worldwide, has announced that it successfully opened a bank account with the major British bank, Barclays. According to a recent CNBC article, most British banks have abstained from doing business with cryptocurrency-related businesses, in general, due to

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This Tiny Altcoin Proves There’s Light at the End of the Crypto Tunnel!

The bullish cryptocurrency year of 2017 has attracted a vast range of worldwide projects and attention. Now that this industry has a $300+ Billion market capitalization, there’s one question growing larger with economists and tech watchers: What is the real economic value of these Blockchain startups and how will they make an actual impact on our lives? How will they perform over time and will they manage to keep up with the promises they made

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South Korean Authorities Raid Three Cryptocurrency Exchanges

South Korea continues to make headlines in the cryptocurrency world as authorities raided and confiscated property from three cryptocurrency exchanges following a January investigation. Raiding Party Last month, legal authorities in Seoul raided three cryptocurrency exchanges. The raids followed a government investigation in January, which concluded that a certain amount of customer’s assets had been illegally transferred to exchange managers’ private bank accounts. According to lead prosecutor Jeong Dae-jeong, authorities conducted the raids over a three

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Mt. Gox Trustee Who Sold $400 Million Bitcoin Denies Affecting Market Price

The Mt. Gox trustee who sold over $400 million in Bitcoin (BTC) and Bitcoin Cash (BCH) from December to February had denied affecting the market prices of both cryptocurrencies. A Whale’s Tale According to a transcript of a Q&A session from the 10th Mt. Gox creditors’ meeting, the defunct exchange’s trustee Nobuaki Kobayashi had denied affecting the market price of Bitcoin (BTC) and Bitcoin Cash (BCH) with his high-profile and high-volume sales. "Bitcoin Holder SLAYER"†Nobuaki Kobayashi†

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As DApps Look Set to Hit the Headlines in 2018 Cryptocars Supercar Smart Contract Game Is Making All the Right Moves

Some are saying this year is going to be the year that gaming dominates the crypto headlines, and from what we have seen so far it is not something we would like to short. Billions of gamers worldwide have been buying into tokenized gameplay for many years, with all manner of in-app purchases for coins and other digital items. However, the blockchain now has the potential to disrupt the gaming sector forever, by decentralizing ownership

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