Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

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Tether and Bitcoin price inflation linked to possible manipulation

Following the University of Texas report published yesterday on the possibility of Tether and Bitcoin’s manipulated price inflation through Hong Kong-based exchange, Bitfinex, Director of Research at CoinDesk, Nolan Bauerle responded.      “Bitcoin is a super volatile asset driven by a global retail investment crowd. Everyone who watches this crowd knows they use Tether to take a ‘dollar’ position when bitcoin dips. They reenter the bitcoin market when they feel the price is at a floor with the goal to have more bitcoin than at the start of the…

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Two Bitcoin Exchanges shut down as Regulators tighten grip in Japan

A shakedown is happening in Japan as regulators tighten their grip on Cryptocurrency exchanges.     As per Japanese Law, all cryptocurrency exchange operators are required to register with the FSA – Financial Services Agency, and as reported by the Nikkei Asian Review, of the thirty-two exchanges in Japan, half have registered while the other sixteen continued to operate under review. Tokyo GateWay and Mr. Exchange are the two exchanges withdrawing their applications to register.   Just one year ago, on 1 April 2017, the Japanese government passed into law…

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Top Bitcoin Jobs go to Banking Cops

  According to Bloomberg, top Wall Street enforcers, are getting top COP jobs in the new cryptocurrency world.  As the need for regulation is stepping up, more cryptocurrency and blockchain startups are looking for government authorities, prosecutors, security officials and even senior diplomats to join their ranks.       Ripple, a real-time gross settlement system (RTGS), currency exchange and remittance network added Ben Lawsky, a New York’s top financial watchdog, to its board.  Lawsky introduced BitLicience, which is a requirement for digital currency companies who want to operate in…

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British Banks Join Bitcoin Crackdown

    It was reported on the front page of the Telegraph that Britain’s biggest bank, Lloyds Banking Group will on Monday tell its 9 million credit card customers that it will block any attempts to buy Bitcoin after the digital currency lost more than half its value in just two months.     This crackdown comes after major US Banks, including JP Morgan Chase, Bank of America and Citi Bank announced last week that they would ban credit card purchases of Bitcoin.   Banking woes for Bitcoin have been…

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Who are the Bitcoin Illuminati?

As the leaders of the establishment descended on the Swiss town of Davos for the World Economic Forum, a select few are reaping the benefits of early adoption and their technology Bitcoin and Blockchain are threatening the status quo.     Creating a New World Order   Data shows that real Crypto wealth is concentrated in the hands of a few early adopters. Coinbase reportedly has 13 Million account holders but it is estimated that 95 percent of the wealth is held by 4% of the owners.   According to…

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Bitcoin and Fiat Currency Can Coexist says South Korea Central Bank

South Korea has added their name to the growing list of Central Banks investigating digital currencies and the regulating thereof. Bitcoin is a digital currency that uses peer-to-peer technology to operate without central authority or banks. Regulation of Bitcoin companies in some countries has started and this is a very bullish sign for Bitcoin adoption and investment.   Some of the forerunners are:-   Japan – Japan’s Bitcoin Law Goes Into Effect   China – PBoC Official: China’s Bitcoin Exchanges Need Strict Supervision   India – Regulating Bitcoin in India   Malta…

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Is Bitcoin regulated?

Is or can Bitcoin be regulated… Governments and Centrals banks are also interested in this question.   Unified Global Cryptocurrency Regulation called for by G20 Watch this explainer video and learn more about our new Digital Economy.   Get your copy of What is Bitcoin This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.   Please leave your questions and comments below:

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