Campaign funding is always a hot topic in the usual election cycle, although this year it has been somewhat overshadowed by events in the election itself. However, that has not stopped the US Federal Election Commission deciding to take another look at Bitcoin and other digital currencies and the place they have in campaign contributions. Currently classed as assets, the campaign in receipt can hold the digital currency until they wish to sell. But then must place the funds from any sale within their campaign accounts within 10 days. This can create logistical issues, and if the FEC reassess and classify digital currency donations as cash payments, it could make things much easier to manage.
Author Claims Bitcoin Contributes to Spread of Right-Wing Ideology
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For the cryptocurrency industry, gaining the trust of the wider populous to grow the user base has always been a critical challenge to overcome. Progress has been steady, but it has, ironically, taken a series of incidents of turmoil within the fiat monetary systems of various countries that has helped the industry grow in that aspect. Now, with the prolonged restrictions placed on the movement of both fiat currency and assets into and out of Venezuela, we are seeing a further shift to Bitcoin. Peer to peer Bitcoin payments are on the increase and web based freelancers are now moving towards payment via Bitcoin, bypassing the fiat system entirely.
Japan Considering Sales Tax Exemption for Bitcoin
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U.S. Secretary of State Indicates that Bitcoin is On Department’s Radar
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There are an ever growing army of people who are using the internet and its ability to allow us to make connections around the world to build a career. Freelancers, contractors and entrepreneurs in ever greater numbers are providing work to businesses and individuals all around the world, and Bitwage has been providing a secure, bitcoin based payment system for these people for a while. Now they are making this service even more attractive with the addition of a verification service to help build trust between customers and providers through their My Employment service.
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Bitfinex Customer Reimbursement Efforts Adds New Options
NH Bitcoin Regulations Cause Poloniex to Suspend Operations in the State
SEC Delays SolidX Bitcoin ETF
Miami Area Receives New LibertyX Bitcoin Kiosks
Russian Regulators Block Access to P2P Exchange
Glasshunt: Why is This Even a Thing?
Moving from a niche concept to a globally used currency that represents a viable alternative to the fiat monetary systems already in place is a huge challenge for the digital currency industry. As blockchain has made inroads into all kinds of applications, even within the fiat money systems themselves, it has seemed like the entire industry has been gaining significant traction for a while now, with increased investment from major companies. However, while all this focused on blockchain, there has been little connection with digital currencies themselves, until now. Deloitte has installed a bitcoin ATM in their Toronto office for public use, and specifically done so to highlight both digital currency and blockchain together.
Russia Turns to Experts for Bitcoin Guidance
iPhone7 Supports Bitcoin Payments
Florida Senator Hukill Seeks Legislation to Define Bitcoin as Money
Bitfinex Takes First Small Step Toward Making Exchange Victims Whole
New FBI Instructions for Ransomware Victims: Tell Extortionists to Pound Sand
After the somewhat surprising result of its recent referendum, with the UK voting to leave the European Union, uncertainty has taken over economic outlook for the country. The first signs of problem came with a close to 16% devaluation of the UK currency, sterling, while further repercussions have not yet materialized, the process of leaving the EU in reality has yet to begin. Noting that in other areas where the stability of the local fiat currency has been effected, in particular Greece and Venezuela, bitcoin exchange platform LocalBitcoins have just announced a halving of their purchase fee for all Bitcoins bought in the UK.
Canadian Central Bank: Adopt Bitcoin, Stabilize the Price
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CoinShuffle Anonymous Transaction Test Successful
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The idea of a digital currency has spread across every continent and almost every country since the launch of Bitcoin in 2009, but it has met resistance throughout that journey from law makers and regimes right across the world. One of the most hostile regimes towards digital currencies has been that of Russia, who were even going as far as criminalizing the use of a digital currency, with a penalty of a fine of up to $40,000 or even prison sentences. However, last week that proposal was scrapped, and with a slightly less aggressive stance towards cryptocurrency in the country, just days later Moscow saw the opening of its first Bitcoin exchange.
We have seen a few instances now where problems in the fiat monetary system within a country can see a sometimes dramatic shift towards digital currencies as a viable asset for funds. Recent examples include both Greece and Venezuela, and now we see in Japan Bitcoin trading increase over 50 times in volume from year to year. With no obvious collapse in the Yen, is there something different driving things this time, and what does it mean for cryptocurrencies in the future?
With a new update to Bitcoin’s software fast approaching, new additions attract much interest, and when version 0.13.0 is released in the coming weeks, the biggest new feature found in the code is the solution for block size and increased transactions, Segregated Witness. Initially launched as a passive addition to ensure stability, the feature, that increases the transaction volume possible without increasing block size, will be enabled in version 0.13.1, assuming this rollout is successfully tested. At the same time, a threat to release a hacked version of the software has been revealed, along with ways to ensure that the version you obtain is the real one.
California Bitcoin Regulation Effort Stalls Again
Moscow Gets First Bitcoin Exchange
UN Seeking Bitcoin Volunteers to Educate Africa’s Children about Cryptocurrency
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U.S. Auction of 2,700 Bitcoin Slated for August 22
As Venezuelan Misery Deepens, Bitcoin Transactions Skyrocket
Bitfinex Bounty Offered for Bitcoin Recovery
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12k Bitcoin Stolen in Bitfinex Hack
United Pharmacies to Accept Bitcoin Payments
Bitcoin Experts Question Florida Judge’s View that Bitcoin is Not Currency
Bitcoin Miners and Developers Gather in California