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Crypto ATMs in Sofia Thwart Stubborn Banks, But Change Is On the Way in Bulgaria

Bulgaria has been through some lean times recently in crypto space due to bank crackdowns, but perhaps the rise in Bitcoin ATMs in the country’s capital Sofia may invigorate local enthusiasm at least.
Bitcoin News reported recently how banks have taken a largely prohibitive stance towards the trading of cryptocurrency, partly due to the failure of the Bulgarian government to produce any forward-thinking legislative policy in this space.

Read the full article at https://bitcoinnews.com/crypto-atms-in-sofia-thwart-stubborn-banks-but-change-is-on-the-way-in-bulgaria/

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Crypto Insurance Industry is Expanding, Insurers are Keeping it Quiet

Several industry insiders have opened up about the hush business of cryptocurrency insurance, but they are not sharing much, and many more aren’t sharing anything at all.
Substantial premiums are attracting the most prominent providers.
While they may not want their names attached to cryptocurrency insurance, AIG, Chubb and XL Group have all been proving insurance for stolen assets. With the blockchain industry exploding, and Bitcoin gaining more mainstream acceptance in its wake, insurance companies are betting the substantial premiums of protecting digital assets may outweigh the potential costs. By capitalizing on the crypto industry’s arguably undeserved ‘bad reputation,’ underwriters are reportedly charging business five times more and beyond for coverage.

Read the full article at https://bitcoinnews.com/crypto-insurance-industry-is-expanding-insurers-are-keeping-it-quiet/

Video https://www.youtube.com/watch?v=lpoiZrjAPX0

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Brazilian Soccer Legend to Launch Ronaldinho Soccer Coin (RSC)

Not to be left behind in the wake of this year’s World Cup by the likes of Lionel Messi an James Rodríguez, Brazilian soccer legend Ronaldinho has also gone crypto.
Often regarded by many as one of the greatest of all time, Ronaldinho won two FIFA World Player of the Year awards and a Ballon d’Or. According to Wikipedia, Ronaldinho has had endorsements with many companies, including Nike, Pepsi, Coca-Cola, EA Sports, Gatorade and Danone.

Read the full article at https://bitcoinnews.com/brazilian-soccer-legend-to-launch-ronaldinho-soccer-coin-rsc/

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Bitcoin Dominance Percentage Illustrates Crypto Trends, Suggests Rally Looming

CoinMarketCap has been recording the percentage market share of Bitcoin and other major cryptocurrencies, referred to as the dominance percentage, since mid-2013. According to this data, Bitcoin has always had the biggest market cap compared to all other cryptocurrencies by far but throughout time, its dominance percentage has been changing. The evolution of this reveals important trends in the crypto space, including the rise of decentralized apps and ICOs, and also suggests that a big Bitcoin rally might be beginning.

Read the full article at https://bitcoinnews.com/bitcoin-dominance-percentage-illustrates-crypto-trends-suggests-rally-looming/

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The British Press and Getting It All Wrong About Bitcoin

How accurate the news is when it comes down to Bitcoin may just depend on where the reader chooses to source the information, especially if reliant on the British press.
Bitcoin is unquestionably a readable topic, whether in the daily newspaper or online; “finger bait” as it’s then called. But where does the reader turn to for accuracy? Clearly, judging by reports, not the British press.

Read the full article at https://bitcoinnews.com/the-british-press-and-getting-it-all-wrong-about-bitcoin/

Video https://www.youtube.com/watch?v=qKdWnsM7jWw

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Australian Women Leading the Way in Blockchain

Women in Australia are making strides in the blockchain sector and turning the tables on their male counterparts.
Technology sectors have long been dominated by males, as evidenced at the ratio visible at conferences and funding rounds, where although success stories abound, they have been historically lacking in those which report women moving the industry ahead to bigger and better things.

Read the full article at https://bitcoinnews.com/australian-women-leading-the-way-in-blockchain/

Video https://www.youtube.com/watch?v=8WuI3sTWAhY

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Irregular Crypto Laws Stifling Blockchain Innovation in India

Due to a lack of consistent regulatory frameworks surrounding blockchain technology and cryptocurrencies, India, the crypto-sceptic nation with an emerging blockchain development workforce, is in a confusing position.

Read the full article at https://bitcoinnews.com/irregular-crypto-laws-stifling-blockchain-innovation-in-india/

Video https://www.youtube.com/watch?v=Gb-J0NwPV0I

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EU: Central Banks Crypto Adoption Would Broaden Markets

A recent report on fintech development commissioned by an EU committee reveals that central banks adoption of a CBDC would alter competition levels cryptocurrency markets.
The European Parliament Committee on Economic and Monetary Affairs (Econ) reports that there would need to be some kind of realignment in the market which would broaden the number of players in the market, and if this were the case it would not necessarily be beneficial to Bitcoin. The Econ statement suggested:

Read the full article at https://bitcoinnews.com/eu-central-banks-crypto-adoption-would-broaden-markets/

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Bank of England Concludes DLT Proof of Concept with Positive Findings

The Bank of England (BoE) has concluded its Proof of Concept (PoC) project that sought to make a better understanding of how a newly-established Real Time Gross Settlement (RTGS) service can meet new financial challenges that emerge in a “rapidly changing landscape”.

Read the full article at https://bitcoinnews.com/bank-of-england-concludes-dlt-proof-of-concept-with-positive-findings/

Video https://www.youtube.com/watch?v=14Rm1LHYZ90

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Mastercard System Crash Brings out Crypto Tweeters

The credit card companies have been struck again with outages. Only weeks after credit card company Visa saw its customers suffer a similar dilemma, down goes Mastercard.
This time, it was the turn of the competitor, which, exactly as it happened following the Visa outage, received a deluge of customer complaints from those unable to complete payments.

Read the full article at https://bitcoinnews.com/mastercard-system-crash-brings-out-crypto-tweeters/

Video https://www.youtube.com/watch?v=fq-llR4SEXw

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PlexCoin Founder Forced to Transfer 420 Bitcoins in Quebec Courtroom

Dominic Lacroix, the founder of PlexCoin, was forced to transfer BTC 420 worth USD 3.2 million to court administrators at the Palace of Justice in Quebec, Canada. Refusing to do so would have resulted in him being held in contempt of court and sent to jail.

Read the full article at https://bitcoinnews.com/plexcoin-founder-forced-to-transfer-420-bitcoins-in-quebec-courtroom/

Video https://www.youtube.com/watch?v=vYexCLEushk

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US Accused of Seizing Over BTC 500 from Iranian Citizens

The President of Iran’s Blockchain Association, Sepehr Mohammadi, says over BTC 500, currently worth USD 3.9 million as of 23 July 2018, have been seized from Iranian citizens by the United States in the past year. He claims that Bitcoin confiscations are still happening and Iranians are in a particularly sticky situation since they have practically no legal recourse, due to Bitcoin being illegal in Iran.

Read the full article at https://bitcoinnews.com/us-accused-of-seizing-over-btc-500-from-iranian-citizens/

Video https://www.youtube.com/watch?v=Vd7LKPONaPQ

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G20 Don’t View Crypto as Threat to World Financial Stability

The latest G20 summit, held on Sunday in Buenos Aires, came to the conclusion that cryptocurrency is not a threat to global financial stability.
Cryptocurrency is considered a drop in the bucket still, with the collective market capitalization of the entire sector worth less than 1% of the world GDP, even during December 2017’s peak.

Read the full article at https://bitcoinnews.com/g20-dont-view-crypto-as-threat-to-world-financial-stability/

Video https://www.youtube.com/watch?v=1Y8-IOmxcTU

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Bitcoin Improvement Proposal for Offline Transactions Published

Bitcoin Improvement Proposal (BIP) 174 has been added to the GitHub Bitcoin repository by Bitcoin developer Andrew Chow, creating the technology for partially signed Bitcoin transactions (PSBT), which can be used to send Bitcoin transactions without an internet connection.

Read the full article at https://bitcoinnews.com/bitcoin-improvement-proposal-for-offline-transactions-published/

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Facebook, Google Now Serving Coinbase Ads, Partially Reversing Crypto Ad Ban

Facebook partially reversed its crypto ad blanket ban by allowing Coinbase ads as of 22 July 2018, opening the door for more properly licensed and regulated crypto companies to regain their advertising ability via an application process. Google, the biggest online advertiser in the world, is following Facebook’s lead and serving Coinbase ads via its Adsense and Adwords platforms. Additionally, Instagram, which is owned by Facebook, is now displaying Coinbase ads.

Read the full article at https://bitcoinnews.com/facebook-google-now-serving-coinbase-ads-partially-reversing-crypto-ad-ban/

Video https://www.youtube.com/watch?v=OTRGwzFT2mQ

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Mike Novogratz Says Institutional Investors Are Stampeding into Crypto

Expert cryptocurrency investor Mike Novogratz said during a speech at Blockchain Week Korea that “a herd of institutional investors” is moving into the crypto space. His opinion is shared by other experts, like Ethereum co-founder Charles Hoskinson who says tens of trillions of dollars will be invested into crypto from institutional investors. If this is accurate, it could lead to the biggest crypto rally in history by far since the total crypto market cap is still below USD 300 billion as of this writing on 23 July 2018.

Read the full article at https://bitcoinnews.com/mike-novogratz-says-institutional-investors-are-stampeding-into-crypto/

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Bitcoin “Bits” Denomination Suggested in Bitcoin Improvement Proposal

Bitcoin developer Jimmy Song has encouraged for the use of “bit” for simpler Bitcoin denominations, proposing in BIP 176 published in December 2017 that the denomination be formalized. BIP 176 calls for Bitcoin amounts to be denominated in bits, where 1 bit = 100 satoshis or BTC 0.000001.

Read the full article at https://bitcoinnews.com/bitcoin-bits-denomination-suggested-in-bitcoin-improvement-proposal/

Video https://www.youtube.com/watch?v=n_KtGzyOYbI

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Australian Blockchain Innovators Bring Voting Clarity to Indonesia

An Australian startup is planning to use blockchain technology in order to help to tackle vote-rigging in countries like Indonesia, according to us ABC News Australia.
Emerging democracies such as Indonesia, with its population of 261 million, often fall foul of voting discrepancies due to intimidation or poor calculation of paper voting over its almost 2 million km² of land.

Read the full article at https://bitcoinnews.com/australian-blockchain-innovators-bring-voting-clarity-to-indonesia/

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Google Steadily Pushing Blockchain Aspirations on Cloud

Google is set to announce its latest DLT developments at today’s Google Cloud Next ’18 conference in San Francisco.
The company has a 50-minute session planned at the conference to discuss its so-called ‘Distributed Ledger Technology Partnerships on Google Cloud’, the title of the session.

Read the full article at https://bitcoinnews.com/google-steadily-pushing-blockchain-aspirations-on-cloud/

Video https://www.youtube.com/watch?v=xshCbIppPg4

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Bank of Canada Study: 58% of Citizens Invested in Bitcoin are Hodling

A survey conducted by the Bank of Canada indicates that 58% of the Canadian citizens that own Bitcoin do so for investment purposes. The study was published on 23 July, based on Bitcoin practices in 2017.

Read the full article at https://bitcoinnews.com/bank-of-canada-study-58-of-citizens-invested-in-bitcoin-are-hodling/

Video https://www.youtube.com/watch?v=B3EgFXTsL4g