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Federal Judge Rules Bitcoin is Money

Major Ruling By Federal Judge Bitcoin is Real Money Bitcoin is a form of currency with intrinsic value pegged to traditional currency. Governmental and legal entities globally have not come to a consensus how to categorize Bitcoin. In a landmark decision U.S. District Judge Alison Nathan in Manhattan ruled Bitcoin was to be treated as money. This was for on the hacking attack against J.P. Morgan Chase …

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Marijuana Dispensary Bitcoin

Will Bitcoin fix Marijuana Dispensary Banking Issues?

Piles of Cash Make Colorado Dispensaries a Target Colorado dispensaries are piling cash higher and faster than they thought. The problem lies in Federal laws, which prohibit banks from knowingly holding cash earned from Schedule I drugs, making marijuana dispensaries prime ground for cryptocurrencys. Recreational Marijuana is Legalized in Colorado Colorado is known throughout the …

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mike hearn bitcoin struggles fail

Why bitcoin won’t fail despite Mike Hearn’s remarks

Is Bitcoin destined for failure? as Mike Hearn would say Controversy has erupted since Mike Hearn’s curt departure from Bitcoin development. His close and longtime relationship with Bitcoin has intrigued users as why he did this! Some believe this exit from bitcoin as a way to promote himself and his new technologies, bitcoin XT. We examine the core ideas in his leaving …

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Bitfury bitcoin mining

Will Bitfury 16nm make Bitcoin mining accessible to consumers?

Bitfury bringing mining back to consumers? Bitcoin mining was intended to be available to anyone with a AMD GPU, but with the advent of ASIC miners, bitcoin mining’s initial investment for a profitable operation has soared. Bitfury is introducing a 16nm ASIC chip which excpetional efficency at low power mode. Will it change the mining community? …

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Bitcoin 2014: Year in Review

Bitcoin 2014: Biggest Year for Bitcoin News 2014 was a year that would mark the beginning of bitcoin visibility for the masses where it was previously less mainstream. 2013 was the year for bitcoin rise to prominence in terms of visibility to the general public. During 2014 the public intrigue with the digital currency further …

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SEC Verifies Bitcoin Savings and Trust a Ponzi Scheme

Bitcoin Savings & Trust; First bitcoin ponzi A few years back, a supposed Hedge Fund called the Bitcoin Savings & Trust (updated from its previous name “First Pirate Savings & Trust) was eventually met with its untimely demise and shut down. See how to identify a ponzi. A recent final judgment obtained by the U.S. Securities & Exchange Commission against …

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