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Your Daily Bitcoin News

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November 3, 2017 | $7,311.27

Ukraine Drafts Law to Exempt Crypto Income and Profits from Taxation

A bill has been submitted to the Ukrainian parliament to amend the country's tax code to exempt cryptocurrency income and profits from taxation, including from buying, selling, transacting, and mining.

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How Coinbase's GDAX Intends to Evaluate Digital Assets for Exchange Listing

Coinbase's Global Digital Asset Exchange (GDAX) released its Digital Assets Framework, an answer to clients urging more cryptocurrency choices. The popular institutional exchange is attempting to meet demand while sifting through an initial coin offering (ICO) market numbering in the hundreds and valued in the billions.

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Music Festival Organisers in India Surprised by 1% of Total Sales in Bitcoin

Even while multiple news outlets report India's government readying to close cryptocurrency exchanges, its population continues to make steady progress in adopting bitcoin.  

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Bitcoin Gold Issues Daily Updates, Adds Replay Protection

After a bumpy roll-out and widespread criticism regarding the project's supposed secrecy, Bitcoin Gold's development team has taken to daily updates in an effort to help push the project along. 

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BTCC Founder Bobby Lee: "The Segwit2x Feature Is an Upgrade"

This week Bobby Lee, the chief executive officer of the Chinese cryptocurrency exchange BTCC, held an Ask-Me-Anything (AMA) with bitcoin traders on the Reddit forum /r/bitcoinmarkets. During the AMA the conversation participants focused in on the Segwit2x hard fork set to activate on or around November 16.

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Satoshi Labs Launches New Bitcoin Hardware Wallet 'Model T'

This week, Czech Republic-based Satoshi Labs, launched the pre-order batch of the startup's Trezor 2 hardware wallet called the "model T." Satoshi Labs says even though the new Model T is an entirely new device it safely secures digital asset keys just like the prior version.

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Siberians Use Cryptocurrency Miners to Heat Homes

RT has reported that citizens of the Russian city of Irkutsk in Siberia have been using cryptocurrency mining to heat their homes. Irkutsk has attracted many cryptocurrency miners due to the city's cheap power prices.

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Regulation Round-Up: Central Banks in Kenya, Swaziland & Australia Have Their Say

The Central Banks of Kenya and Swaziland have recently made statements pertaining to cryptocurrencies, with Kenya's central bank indicating that the nation's financial regulatory bodies will meet at the start of next year to discuss cryptocurrency regulations, and Swaziland's central bank stating that it does not wish to inhibit innovation in the nascent industry. In other central bank news, the Reserve Bank of Australia (RBA) has addressed cryptocurrencies during a recent parliamentary committee testimony on taxation.

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SEC Warns of Celebrity Endorsements, ICOs Might be a Target

The Securities and Exchange Commission (SEC) issued an Investor Alert: Celebrity Endorsements from its Office of Investor Education and Advocacy (OIEA). "It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment," the statement scolded. 

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Bitwage Introduces Payroll Services for 18 Additional Fiat Currencies

Bitwage has announced that it will introduce 18 new currencies for invoicing. Bitwage is a bitcoin payroll and international wage payment service that allows its users to be paid or pay wages in bitcoin.

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