The Domino Effect of Bitcoin and Blockchain begins, roll on Malta!

The domino effect begins! Firstly, Switzerland started to accept Bitcoin as payment for government services in certain cantons, Japan made Bitcoin a legal payment system on 1 April 2017, then we heard rumblings from Russia and India setting up committees to investigate with urgency. Now Malta is making an even more positive move towards embracing Bitcoin and blockchain technology.   Watch the video below for comments made by the Prime Minister of Malta, Joseph Muscat.   Which innovative and forward thinking country is the next? Read the full article here – Malta…

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Blockchain and Cryptocurrency Must Read list

One of the most important things to do when you get involved in the new digital economy is to educate yourself. There are many informative documents published to help you get up to speed and informed. Start with one of the most important documents that started the Bitcoin Revolution and is changing the World, Bitcoin – Peer to Peer Electronic Cash.     Here are two of the latest documents on the “Must Read” list… click on the links below and feed your mind!   How blockchain technology could change our…

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Global Fund for Digital Currency Investments launched

In an exciting development in the cryptocurrency ecosystem, Alphabit, global fund registered in Dubai and the Cayman Islands, has been launched with a target of $300 million.  “Managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions” co-founder Liam Robertson said in an interview with Reuters.  A formal launch of the fund will take place in September 2017 after the fund shows a 6 month track record.   Digital currencies such as Bitcoin are issued and usually controlled by its developers, and are used by…

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Bitcoin, growing in Value and Market steadily.

Consider the fact that Bitcoin just eight years ago was worth zero.  Fast forward a few years and the price currently trading over $1200.  An incredible growth in value.  Bitcoin has gone from being a white paper named Peer to Peer Electronic Cash which caught the fascination of the Techie community in November 2008 to being taken very seriously by Governments, Investors and Consumers as the value increased and continues this upward trend.   Historical Bitcoin prices below:-   The Cryptocurrency market has grown exponentially as new coins are introduced…

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Bitcoin Price Watch 21 April 2017

Bitcoin Price Watch – many factors influencing the Bitcoin price at the moment. Events to watch – the start of the French Elections on Sunday; Japan making Bitcoin a legal payment system and Russia and India could follow suit; the evolving story regarding Bitfinex. OKCoin and various other exchanges in the Far East as they stop withdrawal and deposits in USD.   Read more about this evolving story – The Facts about Taiwan’s AML laws, USD withdrawals and deposits into Bitcoin Exchanges         Congrats to the two winners…

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The Facts about Taiwan’s AML laws, USD withdrawals and deposits into Bitcoin Exchanges

This week has seen a developing story regarding certain Bitcoin Exchanges in the Far East no longer processing USD deposits and withdrawals.   Here is a blow by blow account of what transpired to date as reported by WaleCalls:-   March 23 2017 — first noted delay receiving US Dollar withdrawal from Bitfinex . March 31 2017 — Wells Fargo , a major clearing and intermediary bank, starts denying incoming wires to cryptocurrency and MSB based business including Bitfinex citing major Tiawan banking AML reforms. (more on that below). Incoming wires still functioned at this time…

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Bitcoin News 20 April 2017

  Bitcoin Today – The Bitcoin price is still looking strong as it continues consolidating and moving sideways over $1220. Gaining $100 or so during the past month, the outlook for the Bitcoin price is very bullish.   Bitcoin news headlines – Saudi P2P Bitcoin Trading on LocalBitcoins Climbs 280% to All-Time High; FinTech Startups in MENA Region Raised $100 Million in Last Ten Years, to Double by 2020; The IMF Just Finished its First ‘High Level’ Meeting on Blockchain; Nasdaq Wants to Invest in More Blockchain Startups; Can the…

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Another UK Election – will this mean more Bitcoin Adoption?

Theresa May has called a snap general election for June 8, claiming that divisions at Westminster risked hampering the Brexit negotiations.  The Prime Minister will require the support of two-thirds of MPs to go to the country, with a vote scheduled in the Commons on Wednesday after the surprise announcement on Tuesday morning, 18 April 2017. The move stunned Westminster, as Mrs May and Number 10 have repeatedly insisted she would not seek a general election before the scheduled 2020 poll.  Read full article here – Theresa May announces snap general…

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FinTech and Artificial Intelligence, the Forth Industrial Revolution

FinTech is changing the way business interacts with the consumer and vice versa.  Mobile has transformed interaction enormously however, it is believed that changes in technology will be way more transformational.  Much interest, development and momentum in this area of late – the beginning of the Forth Industrial Revolution.   “FinTech will transform the way we live and do business. Whether it is cashless transactions between friends, sending remittances to family in other countries or apps that automatically invest savings at the best rates, FinTech provides consumers with better services,…

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Miserable Economies looking to Bitcoin

According to the Bloomberg Misery Index, which combines countries’ 2017 inflation and unemployment outlooks, Venezuela takes top place by along shot for the third year in a row, followed by South Africa.  Recent political instability in South Africa pushed them into second place.   Interesting to note that many of these countries listed below are showing high traded Bitcoin volume and adoption. Bitcoin is a natural hedge for failing local Fiat currencies.   Where does your country fit in… unless you are fortunate enough that your country did make this list!…

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