In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money and plastic cards to reduce the costs of the national financial system. Also read: Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Out of Business Pix to Transfer Money Between Users Within Seconds Brazil’s new…

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Ireland Seizes Bitcoin Stash Worth $56M in Criminal Forfeiture Ruling

Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks **This article has been updated at 3:28 p.m. ET. An earlier version of this article stated that the 6,000 BTC had to be held for…

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BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC

On February 19, a group of well known software developers announced the launch of a new Bitcoin Cash full node with the Infrastructure Funding Plan (IFP) removed from the codebase. The news was announced on the read.cash platform by the developer Freetrader who told the public that strong demand from businesses, miners, mining pools, and developers invoked the team to create a “minimally-altered client based on Bitcoin ABC.” Also Read: BCH Funding Debate: Btc.top Founder Suggests 2/3 Hash Vote and 6-Month Evaluation Developers Announce a Bitcoin ABC Node Is in…

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Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years

Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era could be upon us where governments holding large quantities of bitcoin will be the norm. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Ireland’s Criminal Assets Bureau Seizes 6,000 BTC…

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Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism. Its founder, the famous entrepreneur Richard Branson, announced that the company already accepted bitcoin for space flight tickets back in 2013. Also Read: NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto Experience Virgin…

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8 Tips for Getting the Most out of Crypto Telegram

For news, gossip, FUD, FOMO, charts, bots, and project updates, crypto Telegram is where it’s at. The beating heart of the crypto community resides in Pavel Durov’s encrypted messenger application. Accessing Telegram is easy, but optimizing your experience to get the most out of the platform calls for a few do’s and don’ts. Here are eight tips to get you started. Also read: 10 of the Best Telegram Crypto Channels Do Telegram the Right Way Like the other CT (crypto Twitter), crypto Telegram encapsulates the best and worst elements of…

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Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam

With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Bitcoin Superstar vs Bitcoin Era – Same Template, Different Names Bitcoin Superstar and Bitcoin Era are currently two of the most popular bitcoin investment schemes,…

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Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody services to institutional investors. Also read: 40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law New Regulation Attractive to Institutional Investors Boerse Stuttgart announced on Tuesday that its crypto custody arm…

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Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation

Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation protection. Also read: Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions 13% of Young Swiss Think Cryptos Will Be More Important in the Future For a few years now, cryptocurrencies have been…

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Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum

During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium tBTC Project Launches on Ropsten Testnet On January 30, 2019, the Wrapped Bitcoin (WBTC) project launched on the Ethereum network using the ERC20 standard. WBTC allows people…

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