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The Bitcoin Rise Is Huge, Finds Bank Of Canada

The Bank of Canada (Banque Du Canada) have published a report off the back of a two-year study into Bitcoin in Canada. The report, named ‘Bitcoin Awareness and Usage in Canada: An Update’ by Christopher S. Henry, Kim P. Huynh and Gradon Nicholls explores the growth Bitcoin has seen in Canada and looks towards future prospects for the currency in the country. You can see the full publication here.   According to Henry et al.: “The Bank of Canada’s interest in Bitcoin is to understand whether its adoption and usage by Canadians could affect the financial system. Further, it is important...

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Bitcoin Will See $50,000 For The Long Term Says High Profile CEO

The CEO of Abra, Bill Barhydt is the latest crypto expert to speak out about the future price of Bitcoin. The long and short of his prediction is that Bitcoin will hit $50,000.00 and will remain at that point for a long stretch, though in his predictions he didn’t make it clear when this will happen… conveniently. Barhydt is well known for his bullish outlook and of course, it benefits him to be bullish as it only encourages people to use Abra, therefore speaking negatively about the markets may actually be quite damaging for his business. This prediction really does...

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Bottle Caps Or Bitcoin, Crypto’s Use During Times Of Crisis

They say that in an apocalypse, during the crash of the financial system, humans may turn to items like bottle caps for currency. I do wonder why bottle caps would be the chosen item but I guess that they are easily accessible as a result of our questionable drinking habits, right? Joking aside, we want to explore how cryptocurrency could come into its own during times of crisis. Because cryptocurrency requires no middleman, in theory the likes of Bitcoin could still operate functionally even if our FIAT financial system crashed. Of course, for this to happen people would need to...

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The Bank Of Finland Believes Bitcoin Is A Myth

WIthin Europe, the general feel for cryptocurrency is pretty positive. This is a sentiment reflected on both a government and societal level. Communities within Europe are spearheading cryptocurrency adoption movements and are also ensuring that crypto has a real place on the continent. Reports out today however highlight that Finland seem to oppose to this and that actually, The Bank of Finland don’t believe in cryptocurrency one bit. As a matter of fact, Aleksi Grym, the Head of Digitalisation and the Bank of Finland has referred to cryptocurrency as a fallacy in a recent paper which has been called ‘The...

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$1.5 Billion Of BTC, ETH And LTC Has Been Illegally Gambled During The World Cup

Police in Guangdong, a city in China have allegedly arrested hundreds of individuals for their involvement in an illegal gambling ring that has seen the gambling of $1.5 Billion in cryptocurrencies over the world cup period. This stems from an investigation across 21 security firms within Guangdong that in total has seen arrests of 540 people, all of whom have had involvement in the organization of illegal gambling rings. According to CCN: “In an announcement, the Guangdong Provincial Public Security Department narrowed down on a specific unnamed online gambling platform that facilitated over RMB 10 billion ($1.5 billion) in cryptocurrency...

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