3% of American Retirees Own Some Bitcoin

About 3% of American retirees claimed to own some bitcoin (BTC) in a new survey released by precious metals-focused magazine Gold IRA Guide on April 17. In April, Gold IRA Guide conducted a survey asking 1,000 American retirees over 50 years old about their thoughts on investing in major cryptocurrency bitcoin. According to the survey results, 56.7% of respondents were aware of bitcoin, but were not…

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Japanese Regulator FSA Hears Arguments for not Calling Bitcoin a Virtual Currency

Japanese finance regulator the Financial Services Agency (FSA) no longer wishes to describe Bitcoin (BTC) as a virtual currency, Cointelegraph Japan reported on April 8, quoting minutes of a meeting originally held on March 4. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of the Public…

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Dubai First Bitcoin ATM Gets Removed Just 2 Days After Its Launch

Dubai’s first Bitcoin ATM, installed on March 19, was removed just 2 days after its launch, due to lack of AML/KYC obligations for the purchasing of Bitcoin (BTC). Earlier this week, IIB reported on the launch of Dubai’s first Bitcoin ATM, highlighting its most intriguing aspect — that users could purchase Bitcoin with cash while staying completely anonymous,…

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Users Can Now Spend XRP at Over 550,000 Hotels in 200+ Countries

XRP continues to expand in the market. This time, XRP will be accepted on Travala.com, a tourism-related website that allows individuals to purchase hotel rooms and plane tickets. Individuals interested in purchasing with the popular digital asset XRP will be able to do so in more than 550,000 hotels and over 82,000 destinations. XRP Accepted On Travala.com According to…

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Streaming Service Twitch Removes Crypto Payment Options

Amazon-owned streaming service Twitch has evidently removed Bitcoin (BTC) and Bitcoin Cash (BCH) as payment options for subscriptions. The change was reported by a Reddit user on March 23. The user noted that Twitch had offered an option to pay with BTC and BCH employing BitPay as a payment processor, but has since “removed it in the last couple of weeks as a payment method for all countries.”…

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Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy requires all users to…

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Swiss Federal Council Initiates Blockchain Law Consultation Period

The Swiss Federal Council has started its consultation period on the adaptation of federal law for blockchain development, according to an official press release published on March 22. By initiating the consultation, the Federal Council intends to improve legal certainty over blockchain applications in order to build a basis for regulatory framework for the industry in Switzerland, particularly in the financial sector. According…

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LOOM Price Analysis: Scalable Dapp solution expands outlook

The Loom network has delivered a viable Ethereum scaling solution and created fundamental value for its native LOOM-token – which has enjoyed a period of strong price performance recently following the release of a series of new interoperability solutions. The Loom network is a next generation blockchain platform designed to allow for large scale applications…

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