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Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated
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Trading Giant Virtu Financial Will Make Markets in ‘Physical Bitcoin’ Once It’s More Regulated

High-frequency trading firm Virtu Financial plans to become a major market maker in the cryptocurrency spot markets once the asset class becomes more regulated, the firm said on Friday. Virtu CEO Douglas Cifu made this revelation during a question-and-answe...
Bitcoin ‘Like Gold’ but Not Ideal as Medium of Exchange: CFTC Chairman
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Bitcoin ‘Like Gold’ but Not Ideal as Medium of Exchange: CFTC Chairman

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo said that bitcoin bears several similarities to gold, although it has elements of many different asset classes. Giancarlo, to whom many cryptocurrency enthusiasts affectionately r...
Bitcoin Price Watch: Currency Jumps to $6,900
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Bitcoin Price Watch: Currency Jumps to $6,900

Bitcoin is currently trading for just over $6,900. After a 24-hour period of hovering at $6,800, the price has seemingly increased by roughly $100. Last week, the price of bitcoin seemed to fall by $100 a day. This week, the opposite is true. We first saw b...
PayPal’s Peter Thiel Calls Bitcoin “Digital Gold
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PayPal’s Peter Thiel Calls Bitcoin “Digital Gold

While many politicians and heads of corporations continue to lambast cryptocurrencies, PayPal co-founder and venture capitalist Peter Thiel has backed Bitcoin yet again, calling the virtual currency the future of finance. Thiel has been a vocal proponent of...
The 2018 Year of Cryptocurrency Challenge – Week 10
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The 2018 Year of Cryptocurrency Challenge – Week 10

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. I took a break last week due to some prior engagements I had, ...
Putin Orders Drafting of Digital Currency Laws, Affecting Miners
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Putin Orders Drafting of Digital Currency Laws, Affecting Miners

Following a few months of conflicting statements, recent reports from the Kremlin indicate that Russian President Vladimir Putin has made a decision on digital currency . He has ordered his government to create laws meant to clearly govern the status of Bitcoi...
South Korea’s Central Bank Chief: Bitcoin is a Commodity, Not a Currency
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South Korea’s Central Bank Chief: Bitcoin is a Commodity, Not a Currency

Bitcoin will be recognized and regulated as a commodity rather than a currency, the head of Korea’s central bank told lawmakers at a parliamentary audit. Speaking at the National Assembly audit of the Bank of Korea (BOK), the country’s central bank, BOK gov...
Bitcoin and Gold Exchange Vaultoro Withdraws from New York Agreement
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Bitcoin and Gold Exchange Vaultoro Withdraws from New York Agreement

Bitcoin and allocated gold order book exchange Vaultoro has withdrawn support for the New York Agreement (NYA), citing the absence of opt-out replay protection from the proposed SegWit2x hard fork. Vaultoro Withdraws NYA Support Vaultoro co-founder Joshua Sc...
Australia Passes Law to Officially Kill Double Bitcoin Tax
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Australia Passes Law to Officially Kill Double Bitcoin Tax

Come July 2018, Australia will (finally) remove the double taxation of transactions involving cryptocurrencies like bitcoin. Under current law mandated in December 2014, Australians are taxed twice for digital currency transactions – once for the goods and ...
Bitcoin Service Providers Continue to Reveal Plans for Bitcoin Gold
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Bitcoin Service Providers Continue to Reveal Plans for Bitcoin Gold

This week bitcoin proponents have been talking about the bitcoin gold fork scheduled for October 25. With just a few days away, bitcoin exchanges and service providers have been detailing their contingency plans on how to best deal with the upcoming distributi...