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What Is Stopping Bitcoin From Becoming A Mainstream Currency?

There are a number of major roadblocks that are preventing Bitcoin from becoming a mainstream currency. Business Insider UK spoke with Garrick Hileman, who is a member of the University of Cambridge Research Fellow, about cryptocurrencies, and how Bitcoin could become a mainstream currency. He believes that there are two key factors that are holding Bitcoin back from becoming a mainstream currency, and would limit the ability for it to be used for everyday purchases. One of these factors is the high-transaction fees for every Bitcoin exchange. He writes; “It is used for payments but with transaction fees running as...

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The Dangers Of Bitcoin

A Massachusetts’ top security regulator, William Galvin has warned about the dangers of Bitcoin. The security of the Commonwealth issued a statement just this week, where he likened the cryptocurrency craze to the tulip mania of the 17th century, warning investors that it could all end in disaster. So, before you choose to invest in the popular cryptocurrency, glance your eye over Galvin’s statement, which advises and actively encourages investors and any potential investors to consider the following seven points before they purchase any of the cryptocurrency that has dominated much of the headlines over the past two weeks. Virtual...

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Bitcoin Investor Gives $86million Worth Of Bitcoins To Charity

A Bitcoin tycoon, or whale as they are known in the business, has promised to give away most of their fortune to charities. The benefactor, who has decided to remain anonymous announced plans on Reddit, and has since launched a website called the Pineapple Fund, which will document his endeavour. The generous investor wrote; “I remember starting at Bitcoin a few years ago (…) Bitcoin has changed my life, and I have far more money than I can ever spend. My aims, goals and motivations in life have nothing to do with have XX million or being the mega rich....

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Japan Firm Joins Bitcoin Payment Clan

A company from Japan is set to start paying a part of its employees’ wages in Bitcoin. The company aims to gain a better understanding of the digital currency, claimed a spokeswoman on Friday. GMO Internet, which runs a number of web-related businesses such as finance, online advertising and internet infrastructure, will begin paying employees up to 100,000 yen ($890) monthly through Bitcoin. This is expected to commence from February next year. "Employees can receive salaries by Bitcoin if they want to," company spokeswoman Harumi Ishii told AFP. "We hope to improve our own literacy of virtual currency by actually...

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Daily Déjà vu Warning From Andrew Bailey

Another British leading financial regulator has sent a serious warning to all Bitcoin buyers (Which seems to scare no one) The chief executive of the Financial Conduct Authority (FCA) Andrew Bailey, told BBC “Newsnight” on Thursday, 14 December 2017 "If you want to invest in Bitcoin, be prepared to lose all your money." He said, “a lack of backing from governments and central banks for the world's most popular digital currency was evidence that putting money into Bitcoin was not a secure investment. He also said buying Bitcoin was akin to gambling because it had the same level of risk.”...

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