The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Commission (NDIC) have set up a committee to investigate the growing trend of bitcoin use, according to the government-owned broadcasting station, the Voice of Nigeria. The news was revealed on Friday by NDIC Managing Director Alhaji Umaru Ibrahim at the 2016 Workshop for Financial Correspondents in Kaduna. http://bravenewcoin.com/news/nigeria-sets-up-a-committee-to-study-bitcoin-penetration/
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We are in the eye of the storm as price moves sideways at these highes. We should see a move in either direction in the coming days. We are currently leaning toward the bullish side as we see price consolidate above support. Fundamentally, things looks great for Bitcoin as the Yuan approaches $7.00USD. http://bravenewcoin.com/news/bitcoin-price-analysis-eye-of-the-storm/
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BitGive recently announced a new tool that allows everyone to see exactly where charitable funds go, and the impact they have. Called GiveTrack, the new service will use blockchain technology to allow donors and the public to trace transactions on a public platform in real time. http://bravenewcoin.com/news/givetrack-offers-confidence-in-charites/
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The San Francisco Municipal Railway (MUNI) has fallen victim to a ransomware attack. The entire ticketing system was taken offline on Friday evening, and stayed down all day Saturday, with the message: "You Hacked, ALL Data Encrypted. Contact For Key( cryptom27@yandex.com)ID:681” appearing on MUNI agents’ computer screens. With no way to collect fares over the weekend, ticket staff was sent home and the turnstiles were opened. Signs were taped to ticket machines all day Saturday indicating the rides would be free. http://bravenewcoin.com/news/hacker-holds-san-francisco-subway-to-ransom-demands-100-bitcoins/
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One of the ‘Big Four’ accounting organizations, EY, recently announced that their Swiss firm will soon begin accepting bitcoin. The firm has also installed a publicly-accessible Bitcoin ATM (BTM) in their main office building, next to the Hardbrücke train station in Zurich, and has given bitcoin wallets to all of their employees. The overall effort is part of the firm's global push to “digitalize itself,” the firm states. http://bravenewcoin.com/news/multinational-professional-service-firm-accepting-bitcoin-in-switzerland/
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The number of bitcoin bets made on the US presidential election has grown dramatically. “People were very passionate about betting during the US presidential election season,” a spokesperson for the BitBet website told BNC, “and were also very passionate during the whole Brexit affair.” Another betting site, Fairlay, told BNC that a single political bet attracted 4,356 predictions worth about $956,000 at current bitcoin exchange prices. http://bravenewcoin.com/news/us-election-drives-record-bitcoin-betting
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The US Treasury Inspector General for Tax Administration (TIGTA) recently released a scathing report detailing an audit of the Internal Revenue Service (IRS) strategy for addressing income produced through virtual currencies. “Bitcoin automated teller machines in shops, malls, and service stations and on college campuses are providing consumers with easy access to bitcoins,” states TIGTA. “These virtual currencies essentially allow taxpayers to pay for the goods and services they need in the same way as traditional currencies.” http://bravenewcoin.com/news/irs-agrees-to-major-cryptocurrency-strategy-overhaul-following-audit/
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