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Real Violence Threatened By Bitcoin Thieves

Digital currencies might only exist as virtual code, but thieves are resorting to threatening real violence to get their hands on it. More reports are emerging of thieves using real violence to steal Bitcoins and other cryptocurrencies from people. People holding large amounts of Bitcoin and other virtual currencies have become tempting targets for thieves for a number of reasons. Cryptocurrencies are easy to transfer into anonymous addresses, making the transaction virtually anonymous and extremely difficult to track by authorities. During January, armed assailants grabbed a Russian man in Phuket, Thailand, forcing him into his apartment and blindfolding him. They...

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To Have And To HODL: What Your Investment Really Entails

Apple Co-Founder Steve Wozniak recently spoke about his crypto investment to an audience attending the Nordic Business Forum in Helsinki, Sweden last month. There, he told attendees about his experience investing in Bitcoin, and why he just couldn’t handle to HODL any longer. Long story short, Wozniak says he bought [an undisclosed amount] Bitcoin at $400 per coin, sold most around the current all-time high, made profit, and was happy to get out of the game. The Apple founder said it simply; “I don't want that kind of care in my life.” When someone like Steve gets out of Bitcoin...

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You Will Soon Be Able To Pay Your Income Tax With Bitcoin In Arizona

A Bill was passed on February 8th by the Arizona Senate that would allow its residents to pay their income tax using Bitcoin and any other cryptocurrencies that have been recognised by the state’s revenue authorities, although this would not come into effect until 2020. This is the first bill that actually signifies the widespread adoption of virtual currencies in the US. Although, in the past, it has been heavily argued that the true value of Bitcoin is incredibly difficult to determine because it has no backing or guaranteed use from the government, the proposed bill would change this, giving...

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Man Accidentally Throws Away $90million In Bitcoin

James Howells, an IT worker from Newport, Wales is definitely not having a good start to 2018. Whilst the boom in Bitcoin value in late last year led many investors to put a lot of money into the cryptocurrency, for this man, it led to utter distraught. Howell had purchased 7500 Bitcoins back in 2009, for very little money, before he decided to store them on his computer’s hard drive. He quickly forgot about them, and threw his computer, along with it’s hard drive into the bin after spilling a drink over it. However; in doing so, he inadvertently threw...

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When Will Crypto Hit $1 Trillion?

According to the founder and CEO of Kraken, Jesse Powell, the cryptocurrency market will hit a valuation of $1 trillion in 2018. He said he expects to see an "acceleration" of the growth in the cryptocurrency market, despite the recent sharp pullback. He alluded to the number of students graduating from cryptocurrency programmes at university and stated that he expects things to continue "exponentially" from there. And when asked whether he felt cryptocurrencies could hit the $1 trillion mark in 2018, he nodded in agreement. At present, the market cap of all cryptocurrencies sits at approximately $417 billion, as data...

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