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Cryptocurrency

A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins.

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Bitcoin

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call it a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

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Bitcoin & Cryptocurrency Latest News

WWII Veteran Didn’t Want Bitcoins in Alleged £10,000 Pension Scam
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An odd courtroom drama played out at the Hastings District Courtroom in New Zealand today. The judge-only trial involved a 95-year-old WW II veteran and a 48-year old American migrant promising returns on investment with bitcoins exchanged from the veterans 10,000 RAF pension fund. As reported by regional publication Stuff, local police alleged that Roy Toler, a 48-year-old American migrant in New Zealand had taken the pension funds belonging to 95-year-old Geoff Bibby, a Lancaster Bombers navigator of the Royal Air Force during World War II, to invest them into bitcoins without the veterans knowledge.

The post WWII Veteran Didn’t Want Bitcoins in Alleged £10,000 Pension Scam appeared first on CryptoCoinsNews.

Bitcoin Is Becoming A Favorite Long-term Investment Option
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Many people tout bitcoin as a way to hedge against future financial instability. In most cases, that is considered to be solid advice. Interestingly enough a bullion-related website has a poll discussing various alternative investment options. It is evident bitcoin is the clear leader in this regard, which is not entirely surprising. For quite some … Continue reading Bitcoin Is Becoming A Favorite Long-term Investment Option

The post Bitcoin Is Becoming A Favorite Long-term Investment Option appeared first on NEWSBTC.

Report: Nigerian Retail Banking Sector to see 92% Disruption by FinTech
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A report has shown that retail banking and fund transfers in Nigeria are the two biggest areas that are most likely to be affected by FinTech over the next five years. The report, Nigeria FinTech Survey 2017 [PDF], which was released by PricewaterhouseCoopers (PwC), found the likelihood of disruption within these two areas amounted to 92 percent and 85 percent respectively.

The post Report: Nigerian Retail Banking Sector to see 92% Disruption by FinTech appeared first on CryptoCoinsNews.

Asian Fintech Startups See a Record $5.4 Billion VC Funding in 2016, Driven by China
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Fintech startups in Asia gained a record $5.4 billion in venture-capital funding last year, up from $4.8 billion in 2015. According to data from venture capital research firm CBInsights, Asia accounted for nearly 20 percent in the number of Fintech investments worldwide. Notably, however, the deals are far more substantial in the region with 43% of the global funding taking place in Asia, in 2016. A driving factor towards the increase in the volume and value of investments is the money poured into the Asian Fintech sector by major Chinese companies.

The post Asian Fintech Startups See a Record $5.4 Billion VC Funding in 2016, Driven by China appeared first on CryptoCoinsNews.

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