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Amazon registers cryptocurrency domain names

In the world of technology and commerce, Amazon is an undisputed giant, and now it looks as though it’s set to expand its empire yet again with a potential move into the cryptocurrency sphere. With the behemoth having just secured three domain names relating to cryptocurrency, speculation is, unsurprisingly, rife, though it was only last month that the vice-president of Amazon Pay Patrick Gauthier publicly stated that the company had no plans to begin accepting the currency, due to a lack of demand. Yet the domain names are hardly subtle: amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com. Having registered for them on Tuesday...

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BitCoin - A world changing invention and it's not even 10 yet

You may not have noticed but Bitcoin, the world's highest-profile Cryptocurrency, reached its ninth birthday three days ago. The currency, which is now the subject of intense media speculation and regular barbs from major figures in the financial services industry, such as Jamie Dimon of JPMorgan, had a fairly subdued birth. Its launch was covered only by specialist tech publications and even they didn't really get it at the time. So what have nine years of Bitcoin taught us? We've rounded up the three biggest changes that Bitcoin has ushered in - just in case you need a little bringing...

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Can UTrust become the cryptocurrency PayPal?

There is little doubt that cryptocurrencies have seen a big leap to date this year. At the time of writing, anyone buying one Bitcoin in January 2017 at around $800 would have experienced huge gains by this point, with it currently sitting at around $6,000! While the cryptocurrency market as a whole is making massive strides toward the mainstream, payment solutions around the market have not been as quick to advance. However, a new peer-to-peer payment solution called UTrust may be about to change all that. Why do we need something like UTrust? One of the major areas that needs...

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Cryptocurrency mining hardware sales tailing off

PC processor maker AMD reported a sizeable boost in profits in its most recent quarter, largely thanks to sales of Vega 56 and Vega 64 GPUs which are popular among Bitcoin miners. These chips' massive processing power allows miners to harvest coins faster, and we've seen news of couriers flying stock, as soon as they hit the shelves, around the world to help kit out the latest major Russian or Chinese mines.  However, AMD predicts that sales for the next quarter will be down by around 15% from the mining market, while in the longer term, blockchain processing demands could...

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Man in Michigan prosecuted for selling Bitcoin

Bitcoin regulation has been a hot topic in the news recently, with Vietnam banning cryptocurrencies, and South Korea deciding to regulate Bitcoin as a commodity, rather than a currency. But recent news from the USA shows that the authorities are also cracking down on unlicensed individuals who deal in cryptocurrencies. A man from Michigan, named Bradley Anthony Stetkiw, has been charged with operating an unlicensed money transmitting business. The charges have been filed in a US district court, and many of the details read like the story from an espionage movie. Stetkiw was caught as the result of a sting...

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