Bitcoin Beyond Money: It Is A Remarkable Achievement In Cryptography – Here’s...
Bitcoin, which began as a mere digital asset, has turned into a viable currency used by many investors for their day-to-day activities in the dynamic financial sector. As the crypto market evolves, BTC is changing the narrative of how businesses and investors view cryptocurrencies as these companies continue to hoard the flagship asset. A Unique […]
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It's not everyday that you hear some positive Bitcoin-related news coming from the Federal Reserve. So it may or may not come as a surprise to you that an economist at the Federal Reserve Bank of Chicago has come forth declaring the digital currency as a "remarkable conceptual and technical achievement." François R. Velde, in his report, acknowledges that bitcoin may very well be something that's used by "existing financial institutions," signaling widespread awareness in the financial community. Velde's report also acknowledges that bitcoin has been growing. He has a great point. This....
Former Google CEO and chairman Eric Schmidt is simply impressed by the architecture that Bitcoin is built upon. He believes in the crypto. In fact, in our recent article, he reveals he’s invested “a little bit” of money into it. A video is now making the rounds in the virtual stratosphere showing the Google top […]
A member of the United States Federal Reserve banking system has written an analysis of bitcoin, stating that there are many positive aspects to it. François R. Velde, senior economist of the Federal Reserve in Chicago, writes in his paper "Bitcoin: A primer" that bitcoin is a "remarkable conceptual and technical achievement, which may well be used by existing financial institutions." "The bitcoin protocol provides an elegant solution to the problem of creating a digital currency-i.e., how to regulate its issue, defeat counterfeiting and double-spending, and ensure that it can be conveyed....
Tangible Cryptography says it is suspending new purchases of bitcoins through its FastCash4Bitcoins service while it tries to resolve a compliance issue with the Commonwealth of Virginia. Posts on both FastCash4Bitcoins and the Bitcoin Forum reported that a complaint had been filed alleging that Tangible Cryptography was operating as an unlicensed money transmitter. Following an initial investigation that determined the company's activities might be considered "money transmission" under state law, the Virginia Corporation Commission asked for further information from Tangible Cryptography.....
Just today, the Junior Achievement of New York began accepting donations in Bitcoin. Bitcoin is by far the most expedient way to accept donations and has proven to be a tool to empower individuals around the world. Junior Achievement of New York (JA New York) serves as a non-profit organization to empower students in grades K-12 by connecting students with volunteers. Volunteers then work with students in afterschool programs, workplace experiences, in the classroom and also help students develop academic, life and career plans. Jacqueline Dolly, Senior Director of Marketing and....