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Your Daily Bitcoin News

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October 23, 2017 | $5,894.01

Russia Promises Regulation Will Not Kill ICOs

Russia's First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia "die" because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold "tremendous potential" and should not be obstructed.

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Plus500 Purportedly Subject to Litigation Over Allegations Of "Rigging" CFD Markets

Online trading platform Plus500 is reported to have become the subject of legal action, owing to accusations that the company has been "rigging" its contracts for difference (CFD) markets. Plus500 offer contracts for CFDs for shares, commodities, forex, and over half a dozen cryptocurrencies.

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Bitcoin Service Providers Continue to Reveal Plans for Bitcoin Gold

This week bitcoin proponents have been talking about the bitcoin gold fork scheduled for October 25. With just a few days away, bitcoin exchanges and service providers have been detailing their contingency plans on how to best deal with the upcoming distribution of split tokens.

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South Korea to Step Up Supervision of Bitcoin Trading After IMF Calls for Reform

Following a meeting with the International Monetary Fund (IMF), South Korea is pushing for structural reforms which include strengthening the management and supervision of digital currency transactions including bitcoin.

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MIT to Issue Diplomas Using Bitcoin Blockchain

The Massachusetts Institute of Technology (MIT) has announced a pilot program that will issue diplomas to 111 graduates utilizing the bitcoin blockchain. The program is the product of a partnership between the MIT Registrar's Office and Learning Machine – a Massachusetts-based company specializing in software development.

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Wild Case of Religion, Bitcoin, Hacking, Ends in Prison Sentences

Criminal hacking is nothing new, but this case has it all: religion, bitcoin, and ransomware. It's hard to turn away. Unfortunately real people and their lives were impacted, along with the early reputation of the world's most popular cryptocurrency.

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Bitcoin Hard Forks Mean Tax Complications, IRS Offers Little Help

With three hard forks in less than twelve months a real possibility, many bitcoiners are wondering about their implications. Often left out of the debate are tax consequences. The Internal Revenue Service (IRS) hasn't offered much clarity since its announcements in 2014, and even those were of little help.

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