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Australian Stock Exchange Announces First-Ever Bitcoin Investment

Australian Stock Exchange Announces First-Ever Bitcoin Investment   In a first, Melbourne-based Blockchain Global Limited (BGL) has used bitcoin in an AUD$4.35 million investment to acquire a 40% stake in ASX-listed blockchain payments fintech DigitalX. Details from an announcement today on the Australian Stock Exchange (ASX) reveal DigitalX to receive, in bitcoin, AUD$300,000 in a convertible loan. A further AUD$550,000 will be invested in convertible notes along with AUD$3.8 million in shares. “DigitalX has received AUD$300,000 by way of a…

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Botswana Clinic Now Accepts Bitcoin As Cryptocurrency Takes Root in Africa.

 Botswana Clinic Now Accepts Bitcoin As Cryptocurrency Takes Root in Africa   Bitcoin is gradually taking roots in Africa, although painfully slow. Nevertheless, there is refreshing news on a daily basis that makes the drive to push Bitcoin penetration in the so-called “hopeless continent” promising. From brave women promoting adoption to startups using Bitcoin and the Blockchain to provide financial inclusion and prevent piracy, the number is endless. It is a great inspiration to the ecosystem and Africa stands…

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Russian Plans to Legitimise cryptocurrency by 2018

 Russia Plans To Legitimize Cryptocurrency By 2018 Russia is a country has never seen eye-to-eye with bitcoin up until now. Several legal proposals have been drafted which could have lead to jail time. Thankfully, it appears regulators have come to their senses, as bitcoin users in Russia no longer need to fear jail time. In fact, the country may turn bitcoin into a legitimate financial instrument as early as next year. This U-turn by Russian legislators has quite a…

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All You Need To Know About Dollar-Denominated Cryptocurrencies

All You Need To Know About Dollar-Denominated Cryptocurrencies A well-known obstacle to the greater popularity of Bitcoin as a medium of payment is the high volatility of its exchange value. This volatility results from its built-in quantity commitment: because the number of Bitcoins in existence stays on a programmed path, variations in the real demand to hold Bitcoin must be accommodated entirely by variations in its unit value. When demand goes up, there is no quantity increase to dampen the…

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