5 Years Since Silk Road Was Shut Down – How Has Cryptocurrency Changed?

Five years ago today (October 1st, 2013), bitcoin’s most notorious marketplace, the Silk Road, was shut down by the FBI and its founder Ross Ulbricht arrested. Operating as part of the dark web on a Tor hidden service, the Silk Road was an online platform where people bought and sold illicit goods and services using bitcoin. While millions of dollars were transacted over the website in its short span, the Silk Road made headlines around the globe when it was shut down by the FBI after a controversial investigation, and…

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Google to lift Ad Ban on Crypto Exchanges and ICOs

Initially on Reuters this week, Google is expected to lift an advertising ban on certain regulated cryptocurrency exchanges in the US and Japan from October. This follows a similar decision by Facebook back in June to reverse a blanket ban on ads for crypto exchanges and ICOs.     Several blockchain industry leaders comment on the broader implications of this decision by Google and the likely factors that have influenced it.   Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultra, said: As the market has experienced more stability of…

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EU Finance Ministers in no rush to further regulate Crypto Market

European Finance Ministers confirmed that they will not rush to further regulate the crypto market in the EU. Having met in Vienna on Saturday, EU Finance Ministers revealed they plan to wait for the outcome of a thorough analysis by European authorities before deciding on next steps, and believe crypto assets don’t currently threaten the financial system — a revelation that comes ten years after the collapse of Lehman Brothers on 15th September 2008 and the unfolding of the global financial crisis.     Addressing how the EU has previously…

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Industry Experts Weigh In On Deloitte’s 2018 Global Blockchain Survey

  Following the recent publication of Deloitte’s 2018 Global Blockchain Survey, some interesting findings that comment on the blockchain sector are highlighted.    Advantages – Speed is seen as the most significant advantage of blockchain technology over existing technology. Adoption – Only 46 percent of public sector workers surveyed believe the technology will disrupt their industry, while 64 percent of financial services believe the same. Barriers – Regulatory issues makes the top of the list of barriers preventing blockchain investment by companies followed by replacement of legacy systems and potential…

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As Turkish lira collapses, could Bitcoin provide an alternative store of value?

With Turkey’s national currency collapse making headlines around the world recently, and with countries such as Venezuela looking to cryptocurrencies as an alternative store of value, could Bitcoin offer a solution to market volatility?   Several experts in the blockchain space, including representatives from Ultra, qiibee, Orbs, and Kowala, have provided some insight on the current crisis in Turkey.  Cryptocurrencies such as Bitcoin could potentially offer a solution in countries where the monetary system has been negatively impacted.   Nicolas Gilot, Co-CEO of blockchain-powered gaming distribution platform Ultra says: Cryptocurrencies have…

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