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News-Bitcoin  - 
 
NYSE Chairman: Millennials Trust Bitcoin More Than Fiat

Intercontinental Exchange (ICE) CEO and New York Stock Exchange (NYSE) chairman Jeffrey Sprecher has come out in support of bitcoin and the blockchain, voicing his belief that the technologies are part of a larger change in how trust is being established in society.
 
Speaking to CNBC's Bob Pisano on "Power Lunch", Sprecher opened up about NYSE's investment in bitcoin services provider Coinbase's recent $75m Series C funding round, one of the largest so far closed by an industry firm.
 
Sprecher suggested NYSE has been looking into bitcoin and the blockchain for "over a year", but noted the exchange has found the language of the industry difficult to navigate.
 
However, Sprecher said his interest had persisted due to the fact that millennials are becoming comfortable using the technology in the same way that they are becoming used to other platforms – such as ride-sharing app Uber – where the crowd, rather than a central authority, informs decision-making.

Read More: - http://www.coindesk.com/nyse-chairman-millennials-trust-bitcoin-more-than-fiat/   http://gainbitco.in/
Intercontinental Exchange CEO and NYSE chairman Jeffrey Sprecher voiced his support for bitcoin in a CNBC interview yesterday.
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News-Bitcoin  - 
 
SILK ROAD OPERATOR ROSS ULBRICHT SENTENCED TO LIFE IN PRISON

Ross Ulbricht has been sentenced to life in prison without the possibility of parole for the operation of Silk Road, the now-defunct online dark market.
 
The sentence was handed down by US District Judge Katherine Forrest in New York today, capping roughly a year and a half-long legal process that saw multiple bitcoin auctions and the shock indictment of two federal agents involved in the investigation.
 
In addition to the prison term, Ulbricht has been ordered to pay nearly $200m. In a 28th May court filing, US prosecutors asked Forrest to require that Ulbricht pay $183,961,921 to the federal government, an amount tied to proceeds related to the operation of Silk Road during its active period.
 
During the hearing, Forrest is said to have rejected Ulbricht's contention that the site's creation was borne out of youthful naïveté.
 
“It was a carefully planned life’s work,” she said, according to a report by Bloomberg. “It was your opus.”
 
According to Motherboard, Forrest also questioned Ulbricht's decision to keep a log of his Silk Road activities.
 
"It is still unclear to me why you ever kept a journal," she said.

Read More: - http://www.coindesk.com/ross-ulbricht-sentenced/
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GainBitcoin provides a unique opportunity, by combining the business world of todays digital economy and the strength of Network marketing. Gainbitcoin concept is born out of the success of the most famous cryptocurrency, Bitcoin. By joining Gainbitcoin, you not only get the best profit from ...
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News-Bitcoin  - 
 
Coinbase Launches Bitcoin Exchange in the UK
Coinbase has launched its bitcoin wallet, exchange and merchant services in the UK.

The UK is only the second country, after the US, to gain access to the San Francisco-based company's bitcoin trading platform – Coinbase Exchange.

Coinbase co-founder and CEO Brian Armstrong said the decision to launch in the UK was partly influenced by his trip to London last year.

“The interest in the UK is at a different level than it is elsewhere in Europe. We got the sense that the demand there was really high … [and] London is a financial capital of the world, so it was a logical next step,” he explained.

Source URL:- http://www.coindesk.com/coinbase-launches-bitcoin-exchange-in-the-uk/
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News-Bitcoin  - 
 
Bitcoin Core 0.10 Gives Developers Simplified Access to Network Consensus
The latest version of Bitcoin Core was released yesterday, with key changes that address the declining number of nodes, how transaction fees are set for the Bitcoin Core wallet and simplifying the process for developers to get involved with bitcoin projects.

It's perhaps the latter point that will have the biggest impact on how developers work with Bitcoin Core. The latest version of it includes a consensus library, which gives programmers easy access to the rules governing consensus on the bitcoin network, without having to run a full node.

"We're splitting it out into a standalone library that does absolutely nothing but validates data," said Peter Todd, a core contributor.


Read More : - http://www.coindesk.com/bitcoin-core-0-10-gives-developers-simplified-access-network-concensus/

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News-Bitcoin  - 
 
Bitcoin Core Developers Join MIT Digital Currency Initiative
The MIT Digital Currency Initiative is stepping up to take a larger role in bitcoin development, announcing today that core developers Gavin Andresen, Cory Fields and Wladimir van der Laan have joined the project in a full-time capacity.

Let's read more http://www.coindesk.com/bitcoin-core-developers-join-mit-digital-currency-initiative/

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News-Bitcoin  - 
 
Bitcoin is the Future: PayPal Changes Terms of Service to Take Your Content
PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn’t require their third-party services to accomplish the same objectives. It is a better PayPal, and they know it.

Read more: - https://www.cryptocoinsnews.com/bitcoin-future-paypal-changes-terms-service-take-content/
GainBitcoin provides a unique opportunity, by combining the business world of todays digital economy and the strength of Network marketing. Gainbitcoin concept is born out of the success of the most famous cryptocurrency, Bitcoin. By joining Gainbitcoin, you not only get the best profit from ...
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About this community

We @GainBitCoin combine BTC Cloud Mining & Network Marketing to produce a world class opportunity. Contrary to popular belief, Bitcoin Cloud Mining and Network marketing are both very successfull processes in their own domain. If handled smartly both of the process can provide immense opprtunity.

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News-Bitcoin  - 
 
ECUADOR MANDATES BANK PARTICIPATION IN NATIONAL E-MONEY INITIATIVE
Ecuador’s e-money initiative, which kicked off earlier this year after the country outlawed bitcoin, is about to see wider institutional involvement following a government directive.

Read More: - https://www.facebook.com/thegainbitcoin/posts/764248173692257
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ECUADOR MANDATES BANK PARTICIPATION IN NATIONAL E-MONEY INITIATIVE Ecuador’s e-money initiative, which kicked off earlier this year after the country...
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News-Bitcoin  - 
 
Summary of Bitcoin as per Indian constitution
Point of View : “As a Currency”
Relevant Document : The term currency is defined in section 2(h) of the Foreign Exchange Management Act, 1999 (“FEMA”)
Relevant Conclusion : 1. Bitcoin is not a currency as per the definition
2. The definition is prone to easy expansion by RBI, so RBI might change it in future.
“As Digital Money”
Document : Notification No. FEMA 15/2000/RB dated May 3, 2001
Conclusion : 1. Any instrument that can be used to create a “financial liability” is also a currency.
2. Bitcoin is NOT such an instrument since it is not backed by any institution and only at the consent of participating parties.
“As Securities & derivatives”
Document : Section 2 (h) of the Securities Contracts (Regulation) Act, 1955
Conclusion : 1. Bitcoin is not a security or a derivative.
“As Derivatives & Negotiable Instruments”
Document : Section 17(6A) of the Reserve Bank of India Act, 1934 & Negotiable Instruments Act, 1881
Conclusion : 1. Bitcoin is not a derivative or negotiable instrument.
“As Prepaid Payment Instruments”

Read More: - http://www.bitcoinalliance.in/summary-of-bitcoin-as-per-indian-constitution/

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News-Bitcoin  - 
 
This Well-funded Startup could Turn Bitcoin Mining - and the Chip industry - on its Head
A startup company with some very big-name backers has just come out of stealth mode and revealed a business plan that could turn bitcoin mining -- and even the economics of selling chips and smartphones -- on its head.
The first thing to know about the company, which calls itself 21, is that it has designed an embedded chip for bitcoin mining -- the process of running complex algorithms that are required to solve an equation to generate, or mine, new coins in the digital currency.
Bitcoin mining initially was done by individuals on home PCs, but the work has gradually been taken over by mining collectives and large compute clusters that are now needed to solve the increasingly complex Bitcoin algorithms.
21 is coming at the problem from a different angle. The details aren't entirely clear, but the plan seems to be to get its bitcoin mining chip, called BitShare, embedded into millions of smartphones and tablets, and for those devices to work collectively to mine new currency.

Read More :- http://www.computerworld.in/news/this-well-funded-startup-could-turn-bitcoin-mining---and-the-chip-industry---on-its-head

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GainBitcoin provides a unique opportunity, by combining the business world of todays digital economy and the strength of Network marketing. Gainbitcoin concept is born out of the success of the most famous cryptocurrency, Bitcoin. By joining Gainbitcoin, you not only get the best profit from ...
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Discussion  - 
 
U.S. Air Force photo of Bitcoin Jet
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News-Bitcoin  - 
 
What Does Bitcoin Mean for You? Comment and Win 1 Bitcoin
Let's know and see people's comment
https://www.cryptocoinsnews.com/what-does-bitcoin-mean-for-you-comment-and-win-1-bitcoin/
GainBitcoin provides a unique opportunity, by combining the business world of todays digital economy and the strength of Network marketing. Gainbitcoin concept is born out of the success of the most famous cryptocurrency, Bitcoin. By joining Gainbitcoin, you not only get the best profit from ...
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