Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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Your Daily Bitcoin News

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October 8, 2017 | $4,470.23
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AMF Concludes ICOs Have No Legal Status Under French Law

Robert Ophele, the President of the French Autorité des Marchés Financiers (AMF), has revealed that the AMF does not believe initial coin offerings (ICOs) fall under the regulatory jurisdiction of existing legislation. The AMF president also expressed concerns about the efficacy of the existing juridical apparatus through which the applicable regulations pertaining to an ICO is determined.

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Singapore to Regulate Crypto-Based Businesses, Not Cryptocurrency Itself

Mr. Tharman Shanmugaratnam, Singapore's Deputy Prime Minister, Coordinating Minister for Economic and Social Policies, and Chairman of Singapore's financial watchdog, the Monetary Authority of Singapore (MAS), has responded to a question pertaining to MAS's assessments and regulatory intentions regarding cryptocurrencies and initial coin offerings (ICOs). Mr. Shanmugaratnam replied by stating that the Singaporean regulator did not recognize bitcoin as legal tender, and that the MAS will likely seek to regulate companies providing bitcoin payment services, rather than the cryptocurrency itself.

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The Bitcoin Cash Community Debates Future Difficulty Adjustments

It has been three months since the Bitcoin Cash (BCH) network was introduced to the cryptocurrency community. So far, the BCH protocol is holding its own with continued infrastructure growth as well as capturing the fourth largest digital asset capitalization. However, the BCH community and the project's developers are in the midst of a debate regarding removing the Emergency Difficulty Adjustment (EDA), which initially helped keep the network going during its first few weeks.

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Bitcoin Illegal in Nepal? Police Arrest Seven Individuals for Trading Operations

This week seven individuals were arrested for running illegal bitcoin exchange operations in Nepal. According to Nepal's Central Investigation Bureau (CIB), the suspects were trading bitcoins without authorization and the agency's Deputy Superintendent of Police (DSP), Jeevan Kumar Shrestha says this is one of the first cryptocurrency arrests of this magnitude.

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Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card

Japan's largest bitcoin exchange by volume, Bitflyer, has launched its own reloadable Visa prepaid card. Customers can fund them using bitcoin through Bitflyer or other bitcoin wallets. The exchange is also giving away gifts to 1,000 customers during the launch period.

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Coinbase Reveals its 2x Fork Plans

Another large bitcoin exchange in the industry, Coinbase, has announced an update concerning the upcoming Segwit2x hard fork. The San Francisco-based trading platform and wallet provider follows the recent Bitfinex announcement detailing plans for a possible bitcoin split.

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The Satoshi Revolution – How and Why Government Outlawed Private Money

The Satoshi Revolution: A Revolution of Rising Expectations. Chapter 1: Listening to the Past (part 2). by Wendy McElroy

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England Can Now Use Left-Over Change to Automatically Buy Bitcoin

England's new application Dust links user bank accounts to exchanges, using leftover pence and pounds. Once the requisite amount is triggered, automatically, bitcoin can be purchased as a form of unit-cost-averaging.

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