Your Weekly Bitcoin News - Coin Update

Your Weekly Bitcoin News

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Your Weekly Bitcoin News

Read the latest Bitcoin News tailored for your interests, with selected stories from Bitcoin.com News.
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October 8, 2017 | $4,558.26
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Bitcoin ATMs On the Rise in Russia

The number of bitcoin ATMs is on the rise in Russia. Ten of them were recently installed in five districts of Novosibirsk by a local startup. Last week, a different company announced their plans to install a hundred cryptocurrency ATMs in Moscow hotels and airport terminals starting this month. Meanwhile, the regulators have said that they will not legalize cryptocurrencies anytime soon.

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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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Taiwan's FSC Chairman Opposes Heavy-Handed Cryptocurrency Regulations

Wellington Koo, the Financial Supervisory Commission (FSC) chairman, today expressed his desire for Taiwan to emulate Japan's cryptocurrency regulations, also suggesting that he does not wish to adopt a heavy-handed legislative approach to ICOs. The statements have been made in the lead up to Taiwan's "Financial Innovation Experimentation Act" going before parliament – a bill designed to facilitate the creation of regulatory sandboxes pertaining to Taiwan's fintech industry.

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ETX Capital Deploys Bitcoin CFD Trading for Clients

ETX Capital, A London-based FCA regulated brokerage, just embraced bitcoin. They now offer a full suite of bitcoin services and contracts for their clients. They decided to move into the bitcoin ecosystem as a result of high demand. Their clients were itching to experience exposure to the digital currency, and attempt to capitalize on its upward price trajectory. 

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Mexico Proposes Legislation to Tame Bitcoin

Mexican politicians join the growing club of government regulators wishing to get a handle on bitcoin and financial technology.

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Mexico Proposes Legislation to Tame Bitcoin

Mexican politicians join the growing club of government regulators wishing to get a handle on bitcoin and financial technology.

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Mexico Proposes Legislation to Tame Bitcoin

Mexican politicians join the growing club of government regulators wishing to get a handle on bitcoin and financial technology.

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Mexico Proposes Legislation to Tame Bitcoin

Mexican politicians join the growing club of government regulators wishing to get a handle on bitcoin and financial technology.

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Welto Integrates with Coinbase so Users Can Pay Bills with Bitcoin

A new bitcoin and cryptocurrency application, Welto, just integrated Coinbase into their system. Welto now allows users to pay their bills with bitcoin in a streamlined and simple fashion. Users simply have to provide their payee account info, address, and account information for Welto will pay the bill within 24 to 48 hours. 

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Brazil's Largest Brokerage Creates XP Bitcoin

Brazil's XP Investimentos signals its willingness to meet customer demand, filing patent on the brand XP Bitcoin. The move could legitimize bitcoin in the eyes of average Brazilian investors, despite the firm's previous public protestations and warnings, bringing a Latin American powerhouse to the cryptocurrency marketplace.

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Brazil's Largest Brokerage Creates XP Bitcoin

Brazil's XP Investimentos signals its willingness to meet customer demand, filing patent on the brand XP Bitcoin. The move could legitimize bitcoin in the eyes of average Brazilian investors, despite the firm's previous public protestations and warnings, bringing a Latin American powerhouse to the cryptocurrency marketplace.

Read More…

Brazil's Largest Brokerage Creates XP Bitcoin

Brazil's XP Investimentos signals its willingness to meet customer demand, filing patent on the brand XP Bitcoin. The move could legitimize bitcoin in the eyes of average Brazilian investors, despite the firm's previous public protestations and warnings, bringing a Latin American powerhouse to the cryptocurrency marketplace.

Read More…

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