BTC China installs the country’s first Bitcoin ATM in Shanghai

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The creation of a new online app that can turn devices like a smartphone into a Bitcoin vending machine has allowed the exchange BTC China to install China’s first cryptocurrency ATM in Shanghai. The machine can be found at a coffee shop located in the Zhangjiang Hi-Tech Park.  Zhangjiang Hi-Tech Park Despite all the problems Bitcoin…

 
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Betting on the Blockchain: Sports Gambling and Bitcoin

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Sports gambling in America is big business. It is also, largely, illegal. According to the National Gambling Impact Study Commission, nearly $400 billion is wagered on sports by United States citizens during a given year, with only $3.5 billion of those bets being placed at legal books in Nevada. With only one state offering legal…

 
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Mt. Gox To Be Liquidated

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A Japanese bankruptcy court declared this week that collapsed Bitcoin exchange Mt. Gox will not be permitted to reorganize and therefore must enter liquidation. The court rejected Mt. Gox’s petition (similar to a Chapter 7 filing in the United States) on the grounds that the plan of reorganization submitted by Mt. Gox is unlikely to…

 
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Bitcorati: A Hub For the Bitcoin Community

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  A major problem with adapting Bitcoin as one’s main currency is the difficulty in making trust-less transactions. Don’t get me wrong; the technology and network behind Bitcoin aren’t the problem. It’s the disconnect between the network of people that two parties may share that can create concern. There is still an issue with making…

 
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Everything is Starting to fall in place for Bitcoin

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Written by Ivan Raszl,GM of MediaBistro, blogger at Bitcoin Owl and associate at Inside Bitcoins Conference. Originally posted at http://bitcoinowl.com/everything-starting-fall-place-bitcoin Bitcoin is a fairly new phenomena. Nobody at this stage can be sure if it will survive its infancy. But, if we look at the major issues and opportunities surrounding this new technology the signs…

 
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Texans for Greg Abbott to Accept Bitcoin Contributions

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This afternoon, Texans for Greg Abbott announced acceptance of Bitcoin for campaign donations. Greg Abbott is running as the Republican candidate in the Texas Gubernatorial race. Striving to be a cutting edge candidate, Abbott stated, “I’m excited to see our campaign add another tool to our cutting-edge digital outreach, which is allowing us to reach…

 
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MaidSafe Makes Data Safe

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If you can understand the organization of ants, you can understand MaidSafe.[1] Alone, by itself, an ant is both vulnerable and easily marginalized.  Yet when working with the rest of the colony, ants with roughly the same petite attributes can take down larger prey, clear paths and protect the mound from disasters (both natural and…

 
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Extinct Bitcoin exchange Mt. Gox files for liquidation instead of bankruptcy

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The troubled Japanese Bitcoin exchange Mt. Gox has announced it is now filing for liquidation instead of trying to rebuild the company under bankruptcy protection. The exchange released a statement this Wednesday (16) explaining the decision: “the Tokyo District Court recognized that it would be difficult for the company to carry out the civil rehabilitation…

 
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Survey Says: Bitcoin Magazine is Considering Categories

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  Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll. Bitcoin Magazine is currently considering breaking up the magazine into categories. The motivation for this is a desire for our readers to know what section they are in without looking at the table of contents.…

 
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CNBC Explores Bitcoin

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CNBC.com has released their digital documentary “The Bitcoin Uprising” this morning. The documentary follows cnbc.com reporter Mary Thompson into the world of bitcoin, from home-based mining operations to the deep web.  Thompson and one of her producers, Karina Frayter, decided to create this piece after realizing that a 1-minute ‘hit’ (or story) on the currency…

 
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