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Li Ka-shing boosts bitcoin investments amid currency crackdown in China

Li Ka-shing boosts bitcoin investments amid currency crackdown in China

15 May 2014 / South China Morning Post – Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from

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Could One Bitcoin Come To Be Worth $1 Million? Q&A

Could One Bitcoin Come To Be Worth $1 Million? Q&A

15 May 2014 /Investopedia – According to the official Bitcoin protocol, the number of BTC (the Bitcoin currency symbol) that can ever be mined into existence is capped at 21 million BTC. That’s it. Currently, just under 13 million are in circulation. Because of its finite supply, Bitcoin

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Ready to invest in a bitcoin hedge fund?

Ready to invest in a bitcoin hedge fund?

14 May 2014 / Investement News – More than seven times as volatile as the S&P 500, bitcoin has minted numerous millionaires but also lost about half its value in the past five months. Are you up for what could be a wild ride? If so, a

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Show Me the Money: More Businesses Accepting Bitcoin as Currency

Show Me the Money: More Businesses Accepting Bitcoin as Currency

14 May 2014 / NY1 – Bitcoin burning a hole in your virtual wallet? Turns out you can spend it in more places than you might think. NY1’s Tara Lynn Wagner filed the following report. “September of last year, we had about 10,000 merchants. Now we’ve got

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UK shop cuts out cash for Bitcoin for next three days

UK shop cuts out cash for Bitcoin for next three days

13 May / CNet – A Scottish shop has traded in cash for Bitcoin. A branch of second-hand shop CeX has done away with British pounds entirely for the next three days in an experiment with the online currency. CeX buys your unwanted movies, games and gadgets,

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Bitcoin Processor Raises $30 Million

Bitcoin Processor Raises $30 Million

13 May 2014 / WSJ – Virgin Group Chairman Richard Branson and Yahoo Inc. YHOO -0.03% co-founder Jerry Yang are part of an investor group that plowed $30 million into Bitpay, valuing the bitcoin-payments processor at about $160 million in the biggest venture-capital investment in the digital-currency

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Chinese bitcoin firms plan to go offshore to sidestep crackdown

Chinese bitcoin firms plan to go offshore to sidestep crackdown

12 May 2014 / South China Morning Post – Chinese bitcoin businesses are drafting plans to escape the mainland crackdown on the digital currency, the South China Morning Post has learned. China’s biggest bitcoin exchange, Huobi, is considering shifting its operations abroad to protect its customers. “We

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Banks take close look at bitcoin breakthroughs

Banks take close look at bitcoin breakthroughs

12 May 2014 / SFGate – While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply. FIS, a provider of systems used by banks to handle payments,

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Bitcoin in Hampton Roads: Currency is finding footing

Bitcoin in Hampton Roads: Currency is finding footing

11 May 2014 / Hamptonroads.com – Trevor Scribner, clad in T-shirt and shorts, looked like any other customer when he went to Doumar’s Cones and Barbecue last week and shook hands with Thad Doumar at the counter. He had come to persuade the general manager of one

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Hundreds attend China’s first bitcoin summit, defying Beijing’s warning

Hundreds attend China's first bitcoin summit, defying Beijing's warning

11 May 2014 / South China Morning Post – Several hundred people defied the central government’s bitcoin crackdown by attending China’s first summit on the digital currency in Beijing this weekend. Venture capitalist Li Xiaolai, who organised the conference, dismissed the suggestion that Beijing would ultimately outlaw

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