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Like many other countries, Canada has been wrestling with the issue of whether to regulate digital currencies and, if so, how and to what extent. In it’s February 2014 budget, the Canadian government introduced and passed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2000, aimed at digital currencies. But after more than a year, the amendments have yet to be published and “proclaimed” before they become law, a necessary last step. And a public consultation paper on the new financial regulations, promised for last summer, has yet to be released, causing some angst, but mostly relief in the Bitcoin community. “The Canadian government has taken a cautious approach to regulating digital currencies,” said digital […]

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Last week, lead Bitcoin developer Gavin Andresen and other Bitcoin Core developers joined the recently established MIT Digital Currency Initiative. This was widely interpreted as an MIT takeover of the roles of leadership, funding and co-ordination of Bitcoin technical development, previously claimed by the Bitcoin Foundation. In parallel, Bitcoin policy think tank Coin Center is claiming the role of interface to policy makers and regulators, with the publication of a framework for state digital currency regulation. The report, titled “State Digital Currency Principles and Framework,” is a model for digital-currency-specific regulations and laws. The report provides a template with structure, definitions and language for the essential components of any digital currency law: ​who must be licensed, how start-ups are encouraged, […]

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the Boost VC-backed Bitcoin startup Lawnmower tracks purchases on a user’s account, rounds them up to the nearest dollar to create spare change, and uses the change to purchase bitcoin on behalf of the user. The bitcoin purchased by Lawnmower will be deposited to a Bitcoin wallet of a user’s choice. The minimum threshold for bitcoin deposit currently stands at $4, meaning that the accumulated spare change of the transactions must be at least $4 before bitcoins can be purchased by Lawnmower. For example, if a user buys a cup of coffee and a bagel at a local coffee shop worth $7.10, then 90 cents will be categorized as spare change and will be used to purchase bitcoin after the accumulated spare change […]

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Let’s ask a tough question: Will Hillary Clinton become president of the United States in 2016? If you had people “bet” on the topic, and monetarily rewarded the ones who guessed correctly, you can actually get a good idea whether Hillary Clinton will become the head of state. A better idea, in fact, than virtually any alleged “expert” could give you. It would work as follows: A market would be opened in which possible answers to the question (yes or no) are “stocks” that cost anywhere from 1 cent to $1. Automatically, the market price of the “yes” and “no” would reflect the possibility of Clinton’s election. So if a share of “yes, Clinton will be elected” costs 63 cents, then […]

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PALO ALTO, CALIFORNIA & CALGARY, ALBERTA – APRIL 27, 2015 – Cryptocurrency risk management and payment processing specialist Vogogo Inc. announced the winner of Brand Me Crypto, an initiative, conceptualized and sponsored by the company, its aim, to have global members of the crypto and creative community create an iconic brand to represent Cryptocurrency. “Cryptocurrency is arguably one of the most compelling new technologies of our time and is quickly making its way into the mainstream.” said Chantel Meeley, Head of Marketing and Creative at Vogogo. “Cryptocurrency however isn’t just represented by Bitcoin. While Bitcoin has gained the greatest traction to date, there are numerous Crypto Coins in existence. Creative teams involved in the entire industry which try to visually […]

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