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Your Daily Bitcoin News

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Your Daily Bitcoin News

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October 16, 2017 | $5,733.64

Australian Bitcoin Adoption Increases Following Regulatory Amendments

In recent months, the Australian government has sought to amend its bitcoin regulations – which were previously notoriously unfavorable to businesses and individuals seeking to use and adopt cryptocurrency. The Australian cryptocurrency industries have since shown signs of significant growth, with many industry insiders attributing the improving investor confidence to amendments made to federal legislation pertaining to bitcoin in Australia.

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Gigablock Testnet Researchers Mine the World's First 1GB Block

This week Bitcoin Unlimited (BU) chief scientist Peter Rizun revealed the first 1GB block was mined on a Gigablock testnet on October 13. The event marks a milestone for the big block project backed by the University of British Colombia, Nchain, and the Bitcoin Unlimited (BU) development team.

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Putin Orders the Issue of Russia's National Cryptocurrency – the Cryptoruble

Russia's president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the "cryptoruble." The Russian Minister of Communications and Mass Media has revealed some details of this new currency.

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As India's Government Wars Against Cash, Bitcoin is Sought in Exchange

Last year, the Republic of India overnight banned 85 percent of its fiat cash in circulation. As a way to address "black money" presumably used in nefarious dealings, government policy makers demanded certain Indian Rupee (INR) denominations be returned. It's citizens now have an incentive to begin looking for alternatives to government money.

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South Korea Prepares to Tax Bitcoin Use

South Korea is preparing to tax bitcoin use after the cryptocurrency's trading volume skyrocketed past that of Kosdaq. Han Seung-hee, the commissioner of the country's National Tax Service, told lawmakers this weekend that the issue of how to best tax cryptocurrencies is being discussed, including the areas of capital gains tax, the VAT, and gift tax.

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Bitcoin Anarchist Amir Taaki Leaves England Boyish, Returns From Syria Hardened

Famed bitcoin gadfly and early adopter, cryptoanarchist Amir Taaki, ghosted for long enough to generate theories galore. Resurfacing, it turns out he was in a tucked-away part of northern Syria. He speaks with news.Bitcoin.com about his transformation as a result. 

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Julian Assange Thanks U.S. Government for 50,000% Gains on Wikileaks' Bitcoin Holdings

The founder of Wikileaks, Julian Assange, has posted a tweet thanking United States government officials and the financial institutions that refused services to Wikileaks for driving them to invest in bitcoin during 2010. Assange's tweet indicates that Wikileaks' bitcoin holdings have seen gains of over 50,000%.

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One Woman Surviving Solely on Bitcoin Attempts a Trek from Toronto to Las Vegas

With the world's most popular cryptocurrency approaching 6000 USD in price, and its market capitalization surpassing that of one hundred and fifty year old legacy banks such as Goldman Sachs, it does appear bitcoin has won hearts as an asset class and speculative investment. But if mainstream media accounts are to be believed, it's mainly a bunch of crazy geeks hoarding tulips.

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