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Archived IT - Bitcoin Articles
18 May 2017
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Intertwining Artificial Intelligence With Blockchain [63500]
LinuxInsider, May 18th 2017

"Except for those folks living under rocks (sounds uncomfortable), everyone knows about or at least has heard of bitcoin. However, not everyone understands the technology of bitcoin, which extends well beyond Internet-based currency.

For the rock people, bitcoin is an Internet-based currency that allows for transparency with respect to each transfer of the currency through the use of a distributed database. Each transaction is locked in a block, and blocks are connected to form a 'blockchain'..."
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18 May 2017
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Bitcoin Price Breaks Beyond $1,900 [63481]
CryptoCoinsNews, May 18th 2017

"Bitcoin price has now hit a new all-time high with a global average of $1,937.15, scaling above the $1,900 figure for the first time ever.

Bitcoin's remarkable year in making gains continues, as prices have now nearly doubled since the cryptocurrency scaled $1,000 at the turn of the year.

Led by Japanese markets with a volume of over $300 million over the last 24 hours, the world's most prominent cryptocurrency is continuing to see increased activity in Asia. Japan and Korea now account for two of the top five bitcoin trading markets in the world, combining for over 47% of the market share..."
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15 May 2017
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How Five States Are Approaching Bitcoin Regulation [63490]
Bitcoin Magazine, May 15th 2017

"Cryptocurrency should be regulated. Cryptocurrency should not be regulated. Cryptocurrency can't be regulated. These are all common refrains emanating from the media these days. Now lawmakers across the United States and around the world are at a crossroads as to what is next in terms of this regulatory space.

Bitcoin and other forms of cryptocurrency present a monumental challenge for legislators, requiring a broad understanding of blockchain technology, especially in terms of its impact on tech innovation. Amid assertions that the U.S. is falling behind in terms of Bitcoin regulation, it could be argued that the regulatory picture is becoming clearer in 2017..."
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15 May 2017
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How To Use Blockchain: Following An Asset Through Its Lifecycle To Learn More [63497]
Network World, May 15th 2017

"Possession is nine-tenths of the law, right? But thanks to blockchain, this old adage may no longer be a viable way to settle property disputes.

Artists and enterprises alike have long struggled to prove ownership of their work after it has been disseminated, especially when it is uploaded online. What if there was a way to use technology to reliably track asset provenance with absolute certainty, from creation to marketplace and beyond? The reality is that this is already possible with the help of blockchain, and the benefits to the enterprise are many.

Let's follow a blockchain asset through its lifecycle to learn more..."
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11 May 2017
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Cryptocurrency Market Cap Swells Past $50 Billion [63244]
CryptoCoinsNews, May 11th 2017

"The cryptocurrency ecosystem is on a roll, as its total market capitalization has surpassed the $50 billion mark. Cyrptocurrency's market cap hit $53.726 billion today, according to coinmarketcap.com. Most altcoins bounced back after a recent surge ended yesterday, when all but a handful of altcoins with $100 million and more in capitalization suffered losses.

Bitcoin has led the charge, posting steady gains daily and having recently surpassed the $1,800 price point. Bitcoin's price gained 4.82% points in the recent 24-hour period to $1,848.11, and has surpassed $30 billion in capitalization at $30.168 billion..."
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09 May 2017
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Australian's New Budget Includes A Bitcoin Tax Cut [63241]
CoinDesk, May 9th 2017

"Australia's latest national budget eliminates goods-and-services tax (GST) on bitcoin purchases.

The cut, announced today by the Australian Department of the Treasury, brings an end to a years-long controversy over the way consumers faced the prospect of paying double GST when first buying, then spending digital currencies.

The government began looking into the matter in mid-2015, and the removal of the tax comes just days after officials reaffirmed their pledge to resolve the issue. If the new budget is approved, the policy will go into effect on 1st July, according to the Treasury Department..."
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