Category : Bitcoin Businesses

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After Coinbase, PayPal Bans Social Media Platform Gab ‘Just Because’

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Gab.ai, the social messaging platform born in 2016 as an answer to the “Big Social Monopoly” of extant social media giants, has lost access to its PayPal account. PayPal: Gab Should ‘Find Alternative’ Gab, which in June saw itself unexpectedly banned from US cryptocurrency exchange and wallet provider Coinbase, did not receive an explanation from PayPal, the company’s decision being
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Litecoin Core 0.17 Will ‘Beat Bitcoin Cash’ On Cost And Speed

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Litecoin’s (LTC) forthcoming client release will make it “faster” and “cheaper” than Bitcoin Cash (BCH), according to one analyst as developers confirm transaction fees will reduce 90 percent. 10X Fee Decrease Puts LTC In Front Litecoin Core 0.17, which the Litecoin Foundation said was “upcoming” in a blog post on its now-suspended Medium account, will deliver a host of end-user
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Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report

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Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old continent.  $3 to $5 Billion Valuation Citing sources familiar to the matter, Bloomberg reports that European cryptocurrency mining company Bitfury is examining a broad range of options for
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AMD Shares Plummet As Blockchain-Related Q3 Sales Turn ‘Negligible’

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Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.” Revenue Drops, Stock Price Follows Per the quarterly report published October 24, AMD has recorded a revenue of $1.65 billion for the third quarter of 2018. This marks a 4 percent
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Australia Post Delivers ‘Buy Bitcoin’ Service to Its 11.7 Million Customers

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One of Australia’s oldest institutions, Australia Post, has announced that customers will now be able to buy bitcoin on participating exchanges within minutes through its Digital iD service. Australia Post Delivers Bitcoin Now Australians will be able to buy bitcoin through their post office. Australia Post lets users sign up to local Bitcoin exchanges through its Digital iD service, which
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Blockchain Reveals New ‘Lockbox’ Hardware Wallet Made By Ledger

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Cryptocurrency data and wallet provider Blockchain (formerly Blockchain.info) has announced it will offer users a dedicated hardware wallet in a new partnership with Ledger. A Blockchain-Only Hardware Wallet In a press release October 25, Blockchain said it was working with the French hardware wallet manufacturer to produce a device “exclusively compatible” with its online wallets. The company, one of the
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Japan Allows Cryptocurrency Industry To Regulate Itself

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Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24th. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads. Under the deal, the body will also have the power to punish those
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UnoCoin Founder Arrested For Operating India’s First Bitcoin ATM

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Police in Bengaluru, India recently arrested UnoCoin cofounder Harish BV for “illegally” operating a Bitcoin ATM in the city barely a week after it was installed.  ‘Not Taken Any Permission from the State Gov’t’ According to The News Minutes, Bengaluru’s Cyber Crime Police unit brought forward a case against Unocoin for illegally installing a BTC ATM without any permission. A part