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The Internet Versus Bitcoin

Ever since Bitcoin was started, it has caused a divided opinion between both professionals and those interested in the financial district. So, what is more useful, the internet or Bitcoin? One popular decision is that the internet could actually solve real problems, whereas Bitcoin, and cryptocurrencies as a whole cannot. The internet promised, and ultimately produced a more efficient way of selling just about everything. Even when the stock bubble burst, the internet was able to boost productivity and living standards. Tim Mullaney, a writer for MarketWatch recalls on his own experience of working at BusinessWeek, and a particular meeting...

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Couple Put Entire Life Savings Into Bitcoin Mine

Sponsored by A couple have gone for an unusual way of making money for their future, by investing more than $100,000 into Bitcoin mining, purchasing the machines, electricity and the space to create more of the digital currency. The entrepreneurial couple have tried unusual money making decisions in the past, with one half of the couple, Amanda Ryland saying; “Most endeavours have been profitable…They may sound crazy, but I trust him [husband Dan Ingram].” Her husband justified his latest decision by saying; “If I was looking for get rich quick, I would have just bought Bitcoin, and just sat there...

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Is Bitcoin Destroying The Environment?

You might not associate Bitcoin and the environment, but Eric Holthaus, a meteorologist believes that everyone with an interest in the future, and fossil fuels should start paying attention, and quickly, as he believes that there is actually a link between the two. The value of Bitcoin has recently reached an all-time high, with the price of a single Bitcoin hitting nearly $15,000. When Bitcoin was first introduced, they were just $100; however, those who invested in them then would be sitting on a hefty profit, presuming that they have not spent any over the years. The chances of this...

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Steam No Longer Supporting Bitcoin

From today, the 6th December 2017, it has been confirmed that Steam will no longer accept Bitcoin as a payment method. This is due to the high fees and volatility that is associated with Bitcoin. In a statement released by Steam, they state; “in the past few months we’ve seen an increase in the volatility in the value of Bitcoin and a significant increase in the fees to process transactions on the Bitcoin network” It has been suggested that the fees have increased to a huge $20 per transactions, compared to the $0.20 fee that was present when Bitcoin was...

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Why Bitcoin Is ‘Forbidden In Islam’

Assim al-Hakeem, a Saudi cleric has declared that cryptocurrencies are strictly prohibited under Islamic law. This is because they are both ambiguous and provide anonymity to criminals.  He made this announcement on Ask Zaad, as Bitcoin prices shot above $10,000 for the very first time. He said, “We know that Bitcoins remain anonymous when you deal with it…which means that it’s an open gate for money laundering, drug money and haram money…There is a lot of ambiguity, if I have dollars and you have euros and we want to exchange this is permissible in Islam with the condition that it...

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