Bitcoin And The American Idea
Has America strayed from its founding ideals? An activist and a refugee think Bitcoin can help it get back on track.Listen to the audio reading of this article on YouTube.Today, Americans celebrate 245 years of independence from the British Empire.On this day in 1776, our Founding Fathers declared:“We … the Representatives of the united States of America … in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the....
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American Banker's second annual digital currencies conference was also its first to put an equal emphasis on the emerging opportunities posed by bitcoin's distributed ledger, the blockchain. The idea that conversation around the technology has altered drastically in the last year was first noted by American Banker editor in chief Marc Hochstein in the event's opening address. The talk proved forward-thinking in its praise for the promise of more expansive and experimental use cases for the blockchain while acknowledging that bitcoin, as its first application, had kickstarted a new wave of....
Idea.me, a regional crowdfunding platform in South America, has embraced bitcoin payments. Although the platform uses a Montenegrin domain, it's an Argentinean outfit currently available in seven South American countries. In fact, Idea.me is the only regional crowdfunding platform in South America, according to TechCrunch. So far, the company has managed to raise $750,000 and it hopes to raise a further $2.4m in Series A funding next March. To date, the platform has funded over 450 projects using an estimated $2m. Idea.me recently added bitcoin as an alternative to more traditional payment....
Further to CoinTelegraph's investigation into Bitcoin's potentially lethal impact on the banks, The Financial Times reported Tuesday that Switzerland has agreed to share the identities of foreign owners of Swiss bank accounts with their home countries. This move reverses centuries of Swiss commitment to banking privacy. Switzerland, long one of the world’s financial capitals, traditionally protected all bank account holders’ privacy and anonymity. We’ve all grown up with a particular idea of what it means to have a Swiss bank account. That idea, and those ideals, are obsolete. Forty-seven....
A Native American tribe is turning to the power of digital currency to meet their monetary needs. The Oglala Lakota Nation of North and South Dakota has reportedly adopted a bitcoin clone as their official currency, according to Forbes. Dubbed MazaCoin, the tribe is relying on their limited sovereignty in order to make this work - distancing themselves from the United States dollar. "I think cryptocurrencies could be the new buffalo," said Payu Harris, developer and Native American activist. "Once, it was everything for our survival. We used it for food, for clothes, for everything. It was....
American users of OKCoin.com have been informed that they cannot deposit USD, Bitcoin or Litecoin to OKCoin anymore. The Chinese Bitcoin exchange cites regulatory issues and also states that the ban on American deposits is temporary. OKCoin representatives have apologized for the inconvenience and confirmed that the ban is due to regulatory uncertainty. OKCoin is still allowing American users to withdraw their money and trade on their platform; however, there is no timeline for the return of Bitcoin deposits. While some American users have still been able to fund their accounts by using....