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Bitcoin Accounts Frozen By Australia Banks

Bitcoin investors and traders have been left feeling very frustrated after their accounts were from by Australian banks.   Alex Saunders, a well-known Bitcoin and cryptocurrency expert took to Twitter to voice his annoyance, where he stated that National Australia Bank Ltd, Commonwealth Bank of Australia, Westpac Banking Corp and Australian and New Zealand Banking Group have frozen their clients’ assets, and are advising people to take their cryptocurrency assets to another exchange that is not related to a bank.  There are a number of different reasons as to why the banks would freeze peoples’ assets, but the main one is...

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Is Bitcoin Affecting The Environment?

Bitcoin has recently been in the news for hitting an all-time high value. Although it has dipped since then, it has only grown since its introduction in 2009. It is the first and most popular cryptocurrency there is, and the recent growth has fuelled speculation and debate about the environmental impact that this is having, due to the large amount of energy that it uses in order to power this virtual currency.   Bitcoin is not tied to a bank or government, and has significantly increased in value in the last year alone. Essentially, it is a line of computer code...

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Will This Be The Year For Blockchain?

2017 was quite a year for blockchain technology and cryptocurrencies on the whole. It is likely that you have read different predictions for the year ahead, and you might be in the process of deciding which coins you will watch closely as 2018 takes off.  Blockchain technology is relatively old, and until Bitcoin was developed it was relatively obsolete. This could not be more different these days, and this is because both users and developers are not only realising its potential, but also exploring the different possibilities that it can offer. Don and Alex Tapscott, authors of ‘Blockchain Revolution’ wrote; ...

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5 Blockchain Predictions For 2018

At the start of the new year, it feels right to not only look back on the year we have just left, but also to consider what we have to look forward to in the coming year ahead. For anyone with even a hint of interest in the world of crypto will know that 2017 was a really interesting year for blockchain technology. It is safe to say that some things did not go to plan, there were some unexpected delights, such as Bitcoin reaching a new high, and some rather unpleasant lows…Bitcoin price crash springs to mind. So, what...

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A New Cryptocurrency Will Hit The UK in 2018

A new cryptocurrency is being set up ready for release in the UK just next year. It has been claimed that this could transform the banking industry in Britain as we know it, and could possibly be the end for high street banks. The new currency, of which we are yet to know the name could allow the citizens of the United Kingdom to keep all of their money in digital form, as opposed to going to a traditional retail bank. This could completely transform the way in which people make their purchases, and could allow people to complete major...

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