Bitcoin ecosystem : Why the world needs BITCOINS?

Posted on March 10th, 2015 by pharoah

What is a Bitcoin? Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can […]

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Central Bank of Italy Declares Virtual Currency Exchanges Are Not Subject to AML Requirements

Posted on March 1st, 2015 by pharoah

Warnings on use of virtual currencies (30 Jan 2015); Notice on virtual currencies (30 Jan 2015); Notice of Central Authority for Reporting on virtual currencies (2nd Feb 2015). “In Italy the purchase, use and acceptance of virtual currency must be considered lawful activity: the parties are free to transact in amounts not expressed in legal […]

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What are crypto currencies and why you need to know about them

Posted on February 23rd, 2015 by pharoah

Dozens of cryptocurrency specifications have been defined, most are similar to and derived from the first fully implemented cryptocurrency protocol, Bitcoin. Within cryptocurrency systems, the safety, integrity, and balance of all ledgers is ensured by a swarm of mutually distrustful parties, referred to as miners, who are, for the most part, general members of the […]

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