BEWARE: CIA and Criminals can steal your Bitcoin!

Wikileaks has exposed the CIA hacking tools and techniques in the largest publication of confidential documents on the agency – we are not only vulnerable to the criminal element but it appears the CIA too.   Some of us are probably compromised without being aware of it – Assess your vulnerability and seriously consider what to do about it. What is “Vault 7” – it is the Wikileaks’ codename for a series of massive document releases on the e-surveillance and cyber-warfare techniques of the CIA. It is not known how many…

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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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Can the Blockchain make the Travel Industry more efficient?

The Travel Industry continues to grow and plays an important role in building businesses, creating jobs and entrepreneurship globally.  Countries gain revenue and exposure for their heritage and culture.  As a traveller or business associated with the industry, there are some inefficiencies which require improvement in process and communication due to different systems and the pure size of the network. Can the Blockchain make a difference?   At this point, most blockchain enthusiasts know that distributed ledger tech has potential beyond fintech. Yet, one industry that hasn’t seen much attention…

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Bitcoin News 19 April 2017

Bitcoin Today – the price over the past week has been doing the sideways shuffle and managed to reach above $1250.   Bitcoin headlines today – Segwit Now, Bigger Blocks Later, Says Bitcoin Pool F2Pool; Bitcoin Demand Continues to Rise in India as Cash Reserves Run Dry; German Finance Watchdog Shutters OneCoin Payment Processor; Bitcoin Casino With Instant Payouts – Bitcoincasino.us; How Blockchain Could End Travel Industry Pain Points; Bitcoin Adoption in Thailand Led by Tourism Industry. Bitfinex’s Problems Pile Up: Deposits Disabled, Withdrawals Delayed; FinTech and Artificial Intelligence, the…

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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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Bitcoin News 17 April 2017

Bitcoin Today – the Bitcoin spiked today and jumped over the $1200 mark. Reason? Perhaps the market is reacting to Litecoin activating SegWit and many Bitcoin miners signaling SegWit too… this besides other bullish activities. Are we close to coming to the end of the scaling issue? We still have a way to go before the scaling debate has come to a conclusion.   Bitcoin headlines – Ukraine and BitFury launching first ‘full-scale’ blockchain eGovernment pilot; 10 UK RegTech startups to watch: meet the UK startups making regulation and compliance…

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