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AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in their respective slides, while other ...

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As Petro Launch Looms, Venezuela’s Bolivar Eyes 1,400,000% Inflation

Based on findings from the International Monetary Fund (IMF), the annual inflation rate for Venezuela could reach as high as 1.37 million percent by the end of 2018. Inflation estimates for the country have risen several times this year as Venezuela struggles with policies and production — and prepares to launch its Petro cryptocurrency No Stranger To The Headlines Venezuela ...

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Cryptocurrency Regulations May Take 2 Years for Lawmakers to Draft

Cryptocurrency regulations in the UK could take up to 24 months to be introduced according to a legal expert at a UK based law firm. James Kaufmann, Legal Director at Reynolds Porter Chamberlain (RPC) UK, while commenting on the subject in a statement published by his company, said it could take two years to introduce such regulations due to a couple ...

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Crypto Funds Makes 20% of Total Hedge Funds Launched in 2018

The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this year, and the number could ...

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Budding NBA Star is a Bitcoiner, Says His Shoe Brand Will Accept Crypto

Spencer Dinwiddie is not “rich” by professional athlete standards. Currently, he makes around $1 million a year before taxes from his NBA contract. The 38th overall pick in the 2014 NBA draft at the age of 21, Dinwiddie has already played on three professional teams. Currently, he plays for the Brooklyn Nets and has a perhaps less-than-stellar scoring record. Needless ...

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Rapid Growth of Bitcoin & Crypto Will Impact Global Financial System

The International Monetary Fund (IMF) has stated in a recently released report that the rapid growth of Bitcoin and crypto could impact the international finance system. The report entitled “World Economic Outlook: Challenges to Steady Growth” published by the IMF read: “Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border ...

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China Threatens Overseas Tax Havens, Will Investors Flock to Crypto

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard millions of dollars worth of ...

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Opinion: Cryptocurrency and Wealth Redistribution

2018 has been a harsh period for cryptocurrencies prices in general. Prices, in general, have been falling from late January until now, with the usual ups and downs. Nevertheless, as prices and technology rarely come hand-to-hand, during this period we’ve seen some conceptual improvements started being implemented, such as Ethereum side-chains and plasma or Bitcoin’s LN and Superspace (which I aim ...

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Bitcoin Volume Approaching Yearly Low Once Again, Market Bear Biased

Earlier today, on October 14, the price of Bitcoin experienced an abrupt increase from $6,300 to $6,410 within minutes. The unexpected rise in the Bitcoin price led traders to be optimistic about the short-term trend of the crypto market, as analysts previously stated that for the dominant cryptocurrency to demonstrate signs of recovery, it will need to first rebound to ...

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Bitcoin is Not a Legal Tender in Zambia

Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted that it was receiving a ...

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