http://cointelegraph.com/news/112065/anx-issues-worlds-first-bitcoin-debit-cardInnovation will be the determining factor in who leads the Bitcoin industry for the next several generations and industry leaders will be determined by how well they adjust to the market and how well they innovate. One of the largest problems that Bitcoin has is that since Bitcoin itself is not widely accepted anyone who wants to use it has to exchange for fiat currencies. ANX has however basically eliminated this problem with its first-of-its-kind Bitcoin debit card that allows users to use Bitcoins within the traditional credit card payment system.
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http://www.theepochtimes.com/n3/798950-exploring-the-nascent-future-of-bitcoin-videos/In terms of a life-cycle of technology, it is easy to see Bitcoin as being at the same developmental stage as babies going through the “terrible twos”. All of its technological possibility lies ahead, nobody is sure what particular path it will take, but in the meantime it is going to give everyone a rough ride. The Inside Bitcoins conference, held this week in Melbourne, has brought together more than 500 people to discuss Bitcoin’s possible futures – all within the framework of an industry that needs to develop in order to support that future.
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http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/Okcoin and Huobi, two leading Chinese cryptocurrcency exchanges, have unveiled their Bitcoin wealth management schemes recently. Right now both only take deposits from invited users, but at least in the case of Huobi, such restriction will be lifted at the end of the month. Apparently the two exchanges have put a great amount of effort in preparation for the services, for instance, both registered their investment subsidiaries in Hong Kong. Given that neither sites are charging fees from regular trading, this new investment scheme can be their hope to turn a profit.
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http://siliconangle.com/blog/2014/07/10/judge-knocks-down-bitcoin-is-not-money-argument-in-silk-road-trial/Virtual currencies still exist in a strange regulatory and legal fog where how they’re use is defined seems a bit up in the air. The popularity of Bitcoin in particular has raised questions about its legitimacy as money—especially noting that more and more businesses are now accepting bitcoin in place of dollars. So, as a novel defense against money laundering charges Ross Ulbricht’s lawyer argued that Bitcoin is not money during the Silk Road trial.
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http://www.newsweek.com/ex-jp-morgan-trader-joins-bitcoin-bulls-launching-hedge-funds-258494Daniel Masters, a 50-year-old veteran commodities trader, started working for some of the largest companies in the world right out of university, trading in London, New York and Zug, Switzerland, for JPMorgan Chase and Phibro before moving on to the New York Mercantile Exchange, a short walk from Wall Street. By all appearances, it was your standard Wall Street career.
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http://www.afr.com/p/technology/bitcoin_is_here_to_stay_and_in_need_V5z0tq1tuZCEURM0chSgXLThe Australian government needs to pay closer attention to the meteoric rise of Bitcoin and its regulation in the local market, as businesses and customers increasingly turn to the world’s most famous digital currency for transactions. That is the view of Ronald Tucker, chairman delegate of the Australian Digital Currency Commerce Association, who argues that Australia has the chance of being the leader to tighten the regulatory framework around bitcoins in the Asia Pacific region – or risks being left behind as other economies take note.
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This just confirms that it did, indeed, leave in August 2012. NASA only had two data points to compare last year when it was announced, and now NASA have three.
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http://www.benzinga.com/tech/14/07/4684023/could-bitcoin-disrupt-more-than-finance Many people are still trying to understand bitcoin. The underlying technology -- a person-to-person digital exchange -- appears to be moving forward at a breakneck pace. And this year, unprecedented business models are being built on top of bitcoin-like technologies. Many investors have a hard time buying into bitcoin because of a similar reluctance seen during the birth of the telephone - a willingness to have a vision of the technology's future applications. But that won’t be the case much longer.
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http://cointelegraph.com/news/112022/oregon-campaign-fighting-to-legalize-weed-accepting-bitcoinAs usual, the potheads know what’s up: the group working to legalize marijuana in Oregon this fall is now accepting Bitcoin donations, becoming the first political campaign in the state to make the leap to cryptocurrency. New Approach Oregon, the group behind the state’s pro-legalization initiative to regulate and tax marijuana, announced the move in a press release posted on its website last week. Campaign manager Dan Mahr said in the statement:
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http://www.dailydot.com/lifestyle/800-bitcoin-recovered-mt-gox/The Bitcoin community on Reddit verified TheDJFC’s story and helped him determine that the address where he sent the Bitcoin belonged to Mt. Gox. It’s not clear whether or not the Mt. Gox address was one that TheDJFC once controlled, but it was quite clear that the bitcoins were stuck there.
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http://www.thestar.com.my/Tech/Tech-News/2014/07/04/Bitcoin-pioneer-calls-for-regulatory-guidance-from-EU/authorities such as the US Securities and Exchange Commission have not yet taken a uniform approach to regulating the nascent digital currency, and have limited themselves to issuing warnings about its risks for investors. "One of the challenges is that without clear guidance from the EU, from the UK, it will limit industry development," said Jeremy Allaire, head of Circle, a Bitcoin consumer finance company that allows people to use and store bitcoins online.
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http://www.economist.com/blogs/schumpeter/2014/07/bitcoin-and-startup-financingTWO words have made the leap from the technology world to become part of the common cultural lexicon in 2014: Kickstarter and Bitcoin. Kickstarter, the crowdfunding platform that allows individuals to back projects in return for rewards, has hosted 150,000 prospective products—43% of which have been funded. And even the most technophobic grandparent, including a 64-year-old California resident named Satoshi Nakamoto, now knows of bitcoin, a crypto-currency, even if they cannot explain how it works.
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