Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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Your Daily Bitcoin News

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October 11, 2017 | $4,809.02
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Two More Bitcoin Startups Reveal Hard Fork Contingency Plans

This week two more bitcoin-based businesses announced their company's stance towards the upcoming 2MB hard fork this November. The fork will be implemented by the Segwit2x (BTC1) working group roughly around Saturday, November 18, 2017. The two firms Xapo and Surbtc explained to their customers how they would handle the consensus change that's just a few weeks away.

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Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies

The President of the Russian Federation, Vladimir Putin, held a meeting on Tuesday to discuss cryptocurrencies. It was attended by top regulators including the central bank governor, her deputy, and the finance minister. While Putin acknowledged the risks associated with cryptocurrencies, he stressed the importance to not "build up unnecessary barriers" for new technologies.

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Roboforex Launches CFD Trading for Bitcoin

Another international brokerage firm just entered into the bitcoin ecosystem. Roboforex out of Cyprus added bitcoin CFD trading on their platform. This means clients will have indirect exposure to bitcoin, and speculate on the shorts and gains of bitcoin. The firm has also added ethereum to their available trading pairs. The company decided to add the cryptocurrencies as a result of client and market interest. 

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Circle Pay for Europe, Circle Trading for Whales

Text messages and blog opinions travel flawlessly around the world, and for free. Circle Pay believes money should do the same. France and Italy are its new proving grounds. Its parent company is encouraging institutional investors to trade crypto assets with Circle Trading, an over-the-counter (OTC) brand, which offers bitcoin and Bitcoin Cash. 

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Minimalist Family Sells Everything for Bitcoin Hoping It Pays Off

Some people are very passionate about bitcoin, and then some people are really big believers in the cryptocurrency revolution. One such person is 39-year-old, Didi Taihuttu, a Netherlands native that's been selling everything he owns including his home and valuable belongings for bitcoin.

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Ukraine Proposes Law to Completely Legalize Cryptocurrency Transactions

The first draft of a bill to legalize all cryptocurrency transactions in Ukraine has been submitted to its Parliament. Initiated by a group of deputies, the bill proposes to define cryptocurrencies including bitcoin as legal properties which can be exchanged for goods and services.

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Russia's Finance Ministry Proposes Registering Cryptocurrency Miners and Licensing Exchanges

At a meeting of regulators on Monday, the Russian Finance Ministry proposed to register cryptocurrency miners as well as to license exchanges dealing with them. A State Duma Deputy also made a proposal to officially legalize mining in order to tax miners and to only allow banks to exchange cryptocurrencies to rubles.

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Porn Star Tempts Russian Prime Minister to Legalize Cryptocurrencies in a Video Message

Russian porn actress Ekaterina Makarova has recorded a video message to urge her country's regulators, including the Prime Minister Dmitry Medvedev, to legalize cryptocurrencies such as bitcoin and ether. In return, she offered to make their fantasies come true.

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Abu Dhabi to Regulate Cryptocurrencies as Commodities and ICOs as 'Specified Investments'

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published its position regarding cryptocurrencies and initial coin offerings (ICOs) under the Financial Services and Markets Regulations (FSMR). The ADGM recognizes that attempting to develop a one size fits all regulatory apparatus for the cryptocurrency industries is inappropriate, and will approach cryptocurrencies as commodities, whilst legislating many ICOs as "specified investments".

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Russia to Block Access to Cryptocurrency Exchange Websites

The first deputy Governor of Russia's Central Bank, Sergei Shvetsov, is reported to have stated that Russia will move to institute a nationwide ban on access to cryptocurrency exchange websites.

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