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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Secret Chinese Bitcoin mine makes Billions

Secretive Chinese start-up called Bitmain dominates the Bitcoin “mining” industry land as reported by CNBC Is likely to make as much as chipmaker Nvidia did last year.     Estimates of gross margin of 75 percent and operating margin of 65 percent, analysts calculate that Bitmain made $3 billion to $4 billion in operating profit in 2017. It is estimated that  Nvidia’s operating profit was $3 billion during the same period.   “But Bitmain achieved this in merely four years, while it took Nvidia 24 years to get here,” the Bernstein…

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Venezuela: Government should accept Bitcoin or else…

  Nicolas Maduro, Venezuela’s president has ordered the country’s consular services, gas stations, and some other services, to accept Bitcoin and any other cryptocurrency including the nation’s own Petro.     He has also announced the launch of another cryptocurrency, this time backed with gold.   Venezuela’s oil-backed currency began its private pre-sale on February 20.   The president said: I order the payment of consular services in all embassies and consulates of the Bolivarian Republic of Venezuela in the world, [and] all consular services in the country, in the…

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Man Slashed in the Face for 100 Bitcoins

  Last night, in the south of Moscow, a Bitcoin millionaire was attacked by unknown thugs, cut in the face and forced to transfer all the cryptocurrency he had, approximately 100 Bitcoins, to them.     According to the report, the man managed to survive even though he was thrown outside and left for dead in 20 deg frost.   The victim is now in the hospital recovering.     Moscow Police are investigating the incident.   Full story here – A resident of Moscow under torture gave the sadists…

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Ethereum Founder warns: – Cryptocurrencies could drop to near zero

Vitalik Buterin founder of Ethereum warned on Saturday that cryptocurrencies are a new and volatile asset class and could fall violently at any time.     “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” Vitalik Buterin said on Twitter. “Don’t put in more money than you can afford to lose.” Buterin added: “If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.”   Cryptocurrencies have been extremely volatile and we recently…

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Coinbase drains users Bank Accounts

It is being reported by CNBC and the Verge that Coinbase is erratically overcharging some users and emptying their bank accounts.     Complaints against Coinbase are mounting as Bitcoin trading increase and one user on Reddit posted that they purchased Bitcoin, Ether, and Litecoin for a total of $300 on February 9th.     The transactions repeated five times a few days later for a total of $1,500, even though the user had not made any more purchases. That was enough to clear out this user’s bank account, they…

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British Public Fears Bitcoin Security Risks as Market Set to Hit $1 Trillion, Says Coinlist.me Poll

British investors are refusing to invest in cryptocurrencies like Bitcoin over security concerns.  They say a lack of education on the growing cryptocurrency phenomenon is turning them off with half the population (50%) citing perceived security risks as the reason for not investing, according to a new poll published on Coinlist.       And 88 percent of respondents to the You Gov poll said they are unlikely to invest in the cryptocurrency markets this year despite more than a trillion dollars of global assets expected to flood into the sector in 2018.…

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How Blockchain could kill Netflix

  Video and movie distribution has seen its share of disruption. Videos stores like Blockbuster was disrupted by Netflix and now even Google and Amazon are streaming video content. Blockchain technology, powered by nodes of peer-to-peer computers around the world, is on the rise.   Can we expect decentralized entertainment applications built on blockchain to replace streaming services like Netflix or Amazon?   Blockchain has the power to fundamentally disrupt the entertainment industry because it brings out a completely new, decentralized model for content distribution.   In a decentralized world,…

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New Bitcoin Bombshell Prediction – Cryptocurrency to hit $ 50k this year

  Amongst all the bearishness and predictions of a Bitcoin Crash one analyst speaking at the World Economic Forum in Davos,  Jeet Singh, a cryptocurrency portfolio manager for the last six years, says it is common for virtual currencies to fluctuate by 70 or 80 percent.     He explained that one should compare cryptocurrencies, such as Bitcoin, EOT, and Ripple, to early tech giants like Microsoft.   He said: “If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t…

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Forget Le Bitcoin Viva Nutella

Meanwhile in France… While everyone else is going Bitcoin crazy the French have their own bubble of happiness, Nutella.   There is a saying amongst chocolate-spread connoisseurs that although you can’t buy happiness, you can buy a jar of Nutella. So when a French supermarket chain discounted the chocolatey goodness by 70%, shoppers were keen to get more than their fair share.   Chaotic scenes were reported at branches of Intermarche when customers fought to take advantage of a discount offer. The regular price of Nutella at Intermarche is at…

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