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50 Cent Lied About Bitcoin Fortune

We previously wrote about rapper 50 Cent discovering that he had made a big profit after investing in Bitcoin. Just last month, he openly bragged about having a fortune in the virtual currency, however he is quickly going back in his words, by saying; “[I have] never owned and [do] not now own, a Bitcoin account or any Bitcoins.” This was discovered back in 2015, when he wrote it in the documents that surrounded his bankruptcy filing; however this news has only just been made public. Just last month, he was boasting about a story regarding his 2014 album Animal...

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Is The EU About To Regulate Bitcoin?

In an announcement that was released today, the European Union has stated that it is willing to step in and regulate cryptocurrencies if the risks that are currently associated with virtual currencies are not addressed. The reason for this sudden decision comes from the erratic price movements that we have seen in Bitcoin in the latter part of 2017, and into early 2018. Although the prices have stabilised now, it resulted in some huge losses for some, and big gains for others. The European Commission VP Valdis Dombrovskis said; “This is a global phenomenon, and it is important there is...

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Phoenix Takes The Risk And Volatility Out Of Cryptocurrencies

One of the main problems with investing in cryptocurrencies is the risk thanks to the volatility of the price. When we take virtual currencies, such as Bitcoin, in this year alone we have seen huge dips in price over a short amount of time, which leaves people feeling nervous about investing. But, there might be an answer to this, which removes this volatility, therefore making investment into cryptocurrencies far less risky. The answer comes in the form of Phoenix, a decentralised autonomous organisation, which has been based on  blockchain technology and offers a completely transparent financial algorithm. Customers are already...

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Ukraine Shipping Company Now Accepts Bitcoin

The latest company to begin accepting Bitcoin as a payment, is a Ukrainian shipping company Varamar Ltd., with suggestions that other companies will be following suit. They are currently in negotiations with clients regarding the first Bitcoin payment; however, the founder, Alexander Varvarenko believes that this will bring a lot of advantages to the company. He said; “Paperwork for transactions is a complicated issue with banks, and Bitcoin payments will help solve that by being faster. It could also help solve payment problems in countries like Pakistan, Russia, Sudan, Yemen and Qatar, which have safe companies but are victims of...

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Cryptocurrency, The Carbon Powered Coins

In the bubble of dispute and uncertainty that floats around cryptocurrency in recent times, little is said about the impact the mining and production of cryptocurrency is having on the environment. The production of mining cryptocurrency is quite perplexing, but the premise of it can be described quite simply, take Bitcoin for example, users who wish to mine for Bitcoin must solve puzzles. The puzzles, are part of a network of pending Bitcoin transactions that are verified through the solution of these puzzles, in return, the user is paid a transaction fee through which new Bitcoins are generated. Often, these...

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