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Dutch Bank Flustered Over the Amount of Electricity Bitcoin Consumes

Featured Dutch bank ING is flustered over the fact bitcoin consumes so much energy. Recently, the bank released a report saying bitcoin transactions consume as much electricity as a house does in a month. They seem to believe this is problematic, since traditional electronic payment methods do not use near as much energy, according to the bank. They

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Former Fed Chairman Ben Bernanke Believes Bitcoin Unlikely to Succeed

Ben Bernanke, the former Chairman of the Federal Reserve, made his views against Bitcoin clear at a conference organized by Ripple in Toronto.Echoing the views of J.P. Morgan CEO Jamie Dimon, Bernanke feels that the decentralized nature of Bitcoin, which puts it outside government control, will trigger its downfall. Speaking at Swell, a three day conference organized by Ripple in Toronto, Bernanke

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Smart Regulation Could Make Russia Next Major Bitcoin Market

Russia could evolve into the next major Bitcoin market, as the government continues to encourage Bitcoin mining and moves closer towards regulating its cryptocurrency exchange market.Russia’s planEarlier this week, Cointelegraph revealed that Russian President Vladimir Putin approved the launch of CryptoRuble, a cryptographically-secured state-issued national digital currency.Minister of Communi

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Blockchain-Focused Presentations to Watch at Money 20/20 in Las Vegas

Money 20/20 Las Vegas is only a few days away. The event, to be held on October 22–25, 2017, at the Venetian, will be packed with people from the top tiers of banking and finance looking to learn more about the future of money.One thing is for sure, blockchain technology will play a key role in that future. Since 2014, the financial event, which will attract more than 11,000 visitors this year,

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GoldMint and the Future of the Gold Trade

As a precious metal, gold is often associated with wealth, prestige and power. And as a commodity it has long been considered a prized asset for scores of investors throughout the world. Beginning with bitcoin in 2009, cryptocurrencies have also seen their prominence rise due to some of the qualities that they share with gold, the most prominent of which is their scarcity. One of the big issues th

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BANKEX Developed Plasma-Like Protocol in 36 Hours at World’s Largest Ethereum Hackathon in Waterloo Mentored by Vitalik Buterin

ETHWaterloo, the world’s largest Ethereum hackathon, concluded this weekend, on October 14th and 15th, in Waterloo, Canada. It turned out extremely informative and fascinating, and it demonstrated how much Ethereum has grown. Consider these facts: there are 50 thousand Ethereum developers in the world, 63% of central banks work with the technology, and, in 4 years of Ethereum, its cap is $30B.Et

Russian Businesses Urge Government to Approve Only Domestic Cryptocurrencies

Regulation One of Russia’s leading public associations of entrepreneurs has sent a proposal to their government asking them to approve only domestic cryptocurrencies in their upcoming cryptocurrency legislation.Also read: Putin Orders the Issue of Russia’s National Cryptocurrency – the CryptorubleProposal to GovernmentState Duma Building.T

Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough

Technology At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height 494784.Also read:Putin Tell

Bitcoin Anarchist Amir Taaki Talks Technology’s Purpose and Altcoins (Interview part 2)

Op-Ed In PART 2, crypto folk hero Amir Taaki shares his thoughts with news.Bitcoin.com on past projects and Altcoins, while pointing to a philosophical paradox he sees in the wider community. Read part one here.Also read: Crypto-Anarchist Cody Wilson Launches 3D Printed M1911 Handgun Softwarenews.Bitcoin.com was fortunate enough to catch up with

Sweden Uses Cryptocurrency Technology to Become Cashless Pioneer

Sweden, the Scandinavian nation famous for ABBA, Björn Borg, and Volvo, is leading the way when it comes to becoming the world’s first cashless country – and the technology behind Bitcoin and the cryptocurrencies that have spawned is catalyzing the process.Two years ago, in October 2015, Niklas Arvidsson, a researcher in industrial economics and management at the KTH Royal Institute of T

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