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Facebook Ready To Enter Digital Payments – Via Bitcoin?

Facebook Ready To Enter Digital Payments - Via Bitcoin?

08 July 2014 / Seeking Alpha – Summary In April reports surfaced that Facebook was seeking approval from the Central Bank of Ireland to start a service to allow users to send/store money on its platform. Facebook recently hired PayPal President David Marcus to lead its Messaging

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You Can Now Buy a Car With Bitcoin and Have It Delivered With a Bow

You Can Now Buy a Car With Bitcoin and Have It Delivered With a Bow

08 July 2014 / Recode – Add used cars to the list of products you can now buy with a currency that didn’t even exist a decade ago. Beepi, a two-month-old company that operates an online market for used-car sales, will start accepting bitcoin as a form

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Bitcoin Startup Xapo Valued North of $100 Million

Bitcoin Startup Xapo Valued North of $100 Million

08 July 2014 / Wall Street Journal – Some of the biggest names in venture capital are getting behind a maker of underground bitcoin vaults, the latest bet to bolster the digital currency. Xapo said Tuesday it raised an additional $20 million in funding, doubling the amount

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Why Authorities are Baffled with Virtual Currencies?

Why Authorities are Baffled with Virtual Currencies?

07 July 2014 / ForexMinute.com – The European Banking Authority (EBA) dropped a bomb on the cryptocurrency businesses in Europe when it asked the commercial banks to avoid using Bitcoin and other cryptocurrencies, until the industry is effectively regulated. The text particularly discourages financial institutions to purchase,

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Bitcoin Expert Kirsch Pushes Virtual Currency: Onsite Coverage

Bitcoin Expert Kirsch Pushes Virtual Currency: Onsite Coverage

07 July 2014 / Credit Union Times – SAN FRANCISCO – Steve Kirsch, CEO of Cointrust, said he has made money every year on his bitcoin investment of $1 million. “I’ve wired $1 million to Slovenia. It does show up at the other end,” said Kirsch at

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Why Bitcoin may re-write banking practice

Why Bitcoin may re-write banking practice

06 July 2014 / Business Tech – Bitcoin has grown from an experiment in digital cash to a vibrant, global economy supporting multi-million dollar companies with a market cap of $10 billion. “While the road has been bumpy, and quite a rollercoaster ride, it is still nascent

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Fast food and coffee just a few bitcoins away

Fast food and coffee just a few bitcoins away

05 Jul 2014 / Sydney Morning Herald – From little things, bit things grow – rapidly. Melbourne-based web developer Tim Mansell acquired his first bitcoins – a form of digital currency – as an investment early last year when the price started skyrocketing. Now the novelty has

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Man recovers $500,000 in bitcoins he mistakenly sent to defunct Mt. Gox

Man recovers $500,000 in bitcoins he mistakenly sent to defunct Mt. Gox

04 July 2014 / Daily Dot – A Bitcoin user, who inexplicably threw $500,000 worth of the digital currency into the abyss last month, has managed to recover his funds. The story starts in early June, when Reddit user TheDJFC posted about how he “messed up big time.” Explaining the

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Bitcoin Fan Hopes to Help Kyrgyzstan’s Migrant Workers

Bitcoin Fan Hopes to Help Kyrgyzstan’s Migrant Workers

04 July 2014 / EuraAsiaNet – In the corner of a small pizzeria in central Bishkek, an experiment is unfolding. Central Asia’s first and only bitcoin ATM converts dollars into the world’s most popular cryptocurrency. The machine – which looks like one of the city’s ubiquitous electronic

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Bitcoin revolution wins over world

Bitcoin revolution wins over world

04 July 2014 / RT – Things may be more incremental in terms of acceptance, but the bitcoin revolution continues apace. Bad regulation involves hacking babies in two before considering the consequences. Good regulation appreciates that the world changes. The last year/century was appreciably different to the

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