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Author: Bitcoinist

Why Blockchain Loyalty Programs Provide A Win for Companies and Consumers Alike

We love getting points. Especially through credit cards. It feels like we’re getting free stuff when we buy items with points. And credit card points are a part of a larger ecosystem called loyalty reward programs. These programs can be as simple as a punch card where your 11th burrito is free or as involved as airline miles and credit card points. Loyalty programs are advantageous for companies for two main reasons. The first is

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Coinbase Gives IRS More Than 10K Users’ Information

After fighting the IRS in court, popular digital currency marketplace Coinbase has been ordered by the Northern District of California to turn over more than 10,000 users’ personal information and trade history — but it could have been much worse. The Taxman The Beatles once sang: If you drive a car, I’ll tax the street, If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat, If you

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Georgia Bill to Allow Tax Payments with Cryptocurrency

Georgia may be joining the few states that will allow for the use of cryptocurrency to make tax payments if Senate Bill 464 passes. A growing number of US states are opening up to accepting cryptocurrency. Doubtless they wish to reap some of the financial benefits that the crypto world has to offer. This is totally understandable as the market capitalization for virtual currency stands at almost $444 billion at the time of writing. As

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TD Bank The Latest to Halt Cryptocurrency Purchases Using Credit Cards

Toronto-Dominion (TD) Bank is the latest financial institution to ban customers from using their credit cards to purchase cryptocurrency. As more retail investors continue to be onboarded, banks are looking to protect them from making ignorant decisions. Weighing Risk, Regulation, and Rapidity In a recent move that has become common from banks, TD Bank is effectively halting the use of credit cards to purchase cryptocurrency. Originally still permitting purchases even after the first move from

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ICO Campaign Starts for FOLK COIN, a Cryptocurrency Created to Maximize the Benefits of People and Companies

FOLK COIN, a new cryptocurrency created specifically for the end-users, has just started their ICO campaign that will comprise of ten different stages and run over a maximum period of seventy-seven days. Unlike thousands of crypto projects with unrealistic goals and high risk-factor, FOLK COIN looks to develop a cryptocurrency for people with a strong technical basis that delivers real profit for everyone. 21st February 2018: The FOLK COIN team is pleased to announce that their ICO

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Blockchain-Based Distribution Platform Alax to Allow App and Game Developers to Reach Tens of Millions of ‘Unbanked’ Consumers

ALAX’s token-based technology will provide access to tens of millions of ‘unbanked’ customers worldwide. ALAX TGE set to commence on April 17th, 2018, with the platform scheduled to be available immediately following its conclusion. Hong Kong, February 22nd, 2018 – ALAX, a new venture between blockchain technology company DECENT and games distribution platform Dragonfly, has today released a white paper outlining further details of its token structure and confirming that it’s TGE will commence on April 17th,

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Cryptocurrency Makes Up Only 0.17% of All Money Laundering Cases in Japan

Cryptocurrency opponents have long argued that digital currencies are tools for money launderers. If the National Police Agency in Japan is to be believed, that may indeed be the case — though it’s not as prevalent as one might think. Minimal money laundering According to reports, the National Police Agency in Japan suspects 669 cases of cryptocurrency-utilized money laundering between the months of April and December. The reports come directly from the cryptocurrency exchange operators

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Coinbase Rolls Out SegWit Support on GDAX

At long last, Coinbase’s popular US-based digital asset exchange GDAX now supports Segregated Witness (SegWit) transactions on the Bitcoin network. What is SegWit? SegWit  — short for Segregated Witness  —  is an important soft fork upgrade to the Bitcoin network which makes transactions significantly more secure and efficient. When sending transactions with SeqWit, the main part of the transaction is effectively segregated from the portion which authorizes it. In turn, this makes Bitcoin transactions even

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How Blockchain Can Solve Problems for Online Gambling Sites

Blockchain casinos are becoming increasingly popular on the internet and, if you’ve just discovered the term, here’s a quick crash course in what blockchains are and how blockchain casinos work.  What are Blockchain Casinos and How Do They Work? The first thing that you need to understand, is what blockchains actually are. Essentially, a blockchain is a digital ledger that is used to record online transactions that use cryptocurrencies. The transactions are recorded sequentially and

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Zebi is Blockchaining India’s Big Data

As the sheer amount of data in India grows exponentially, Zebi is ready to secure high-value and sensitive data, while making sure it’s instantaneously available for legitimate use – potentially revolutionizing the management of big data in India and abroad. More Data, More Problems Solving India’s big data generation problem is no easy feat. The South Asian country has a population of nearly 1.24 billion, of which roughly one billion have some form of digital

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Get Rid of Your Passwords – REMME Announces Alpha Release of its Distributed Public Key Infrastructure (PKId) Protocol

Ukrainian company REMME has recently released the alpha build of its REMME Core 0.1.0 protocol, which hopes to eliminate human error in the cybersecurity domain by getting rid of passwords entirely. Password management is no joke. Despite the ever-expanding advances made in cryptography over the years, poor password discipline remains the greatest weakness to modern computer systems. Besides phishing attacks and easily guessable passwords, users have even been shown to give up their passwords for

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