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Your Daily Bitcoin News

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Your Daily Bitcoin News

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October 31, 2017 | $6,206.37

Trump to Appoint Bitcoin-Skeptic Powell as Fed Chair

The New York Times is reporting President Trump will appoint "Jerome H. Powell as the next chairman of the Federal Reserve (Fed)." Bitcoiners all over the world will be impacted. 

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Satoshi Nakamoto's Brilliant White Paper Turns 9-Years Old

Bitcoin has had a phenomenal year in 2017 surpassing many expectations as the decentralized currency now commands a whopping $100B market capitalization. This Halloween marks another milestone as nine years ago today the anonymous creator of the 'Internet of Money,' Satoshi Nakamoto, released the Bitcoin white paper.

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Iranian Government Preparing for Bitcoin Use Inside the Country

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, "arrangements are being made" to put together the infrastructure for the digital currency "as early as possible."

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Citizens of Zimbabwe Use Bitcoin to Access International Markets

According to Yeuki Kusangaya of Zimbabwe-based bitcoin exchange Golix, an increasing number of Zimbabweans are adopting bitcoin as a means to access a variety of international markets. The increasing popularity of bitcoin combined with significant liquidity issues have led to heavily inflated prices in the African nation, with a single bitcoin currently trading for approximately $9900 USD on Golix.

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Bitcoin-Related Jobs Fastest Growing Sector of International Employment

Riding a wave of record prices, and the growth in businesses created to service the cryptocurrency ecosystem, Bitcoin as a network and bitcoin as a currency are quickly becoming international job creators. According to popular employment-finding websites, last quarter alone saw a jump in related work offers. 

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Ron Paul: "Government should stay out of" Bitcoin

Former presidential candidate Ron Paul recently urged legalization of all competing currencies, crypto and otherwise, during a televised phone interview. He discussed his views on prices going forward, particularly of gold versus the dollar, and warned about government involvement with regard to the world's most popular cryptocurrency, bitcoin.  

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