Infinity economics

Now You Can Pay For Your University Degree With Cryptocurrency

July J, 2017
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Now You Can Pay For Your University Degree With Cryptocurrency Cryptocurrency has taken the online e-currency market by storm in recent years. The likes of Bitcoin have gone all out and it’s currently the fastest growing e-currency in the world by a considerable margin. As of July 2017, Bitcoin has made investors billions and it’s currently worth more than $2,200 apiece. It’s uncertain how much further the value of Bitcoin is expected to grow, but as its market cap alone…

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Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO

June J, 2017
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Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO Even though cryptocurrency ICOs have been going on for quite some time now, a lot of basic questions continue to show up. It appears there is a lot of confusion as to why one should never send funds to an ICO from their exchange wallet directly. There are several good reasons as to why this should not be done, though, as we outline below. 3.…

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What Do UK Election Results And Brexit Mean For Cryptocurrency Value

June J, 2017
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What Do UK Election Results And Brexit Mean For Cryptocurrency Value The United Kingdom’s Conservative Party failed to secure a clear majority in the UK election on Thursday. The political upheaval surrounding Prime Minister Theresa May sent shockwaves throughout the economy. The New York Times reports London’s position as a “dominant global financial center” could be jeopardized. According to CNBC, by Friday morning the British pound dropped to the lowest value it has had in months: $1.2632. "The financial markets…

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The new cryptocurrency gold rush: digital tokens that raise millions in minutes

June J, 2017
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The new cryptocurrency gold rush: digital tokens that raise millions in minutes   New York City About a dozen rain-soaked people were crammed between the revolving doors and security barriers in the lobby of New York University’s Stern School of Business as torrents pelted down outside. All desperately wanted in to the hottest ticket in town, one that promised to make some of them overnight millionaires, if not billionaires. Among them was Dan Morehead, a former Wall Street titan turned…

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Bitcoin Price Could Double with Scaling Resolution: Hedge Fund

May J, 2017
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Bitcoin Price Could Double with Scaling Resolution: Hedge Fund   Global Advisors, a U.K.-based investment firm that has developed an investment program to provide market exposure to the price of bitcoin, recently offered an upbeat outlook on bitcoin. The assessment noted that Litecoin’s recent soft fork gives reason to think the scaling solution could be applied to bitcoin, possibly doubling its price. Taking measure of the range of news around bitcoin of late, the Global Advisors’ assessment quoted the late…

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Florida Bill Would Punish Criminals Who Use Cryptocurrency

May J, 2017
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Florida Bill Would Punish Criminals Who Use Cryptocurrency   State lawmakers in Florida have introduced two bills which would add virtual currencies to the state’s money laundering statute. The bills were introduced in the wake of a Miami court case from last year, where a judge ruled that cryptocurrencies like bitcoin are not money, and thus did not fall under the state’s money laundering law. The Senate version of the bill, Senate Bill 1626, was first introduced in the Florida…

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Cryptocurrency Costs Unlikely to Crowd Out Fiat Currencies in Korea.

April J, 2017
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Cryptocurrency Costs Unlikely to Crowd Out Fiat Currencies in Korea   South Korea’s central bank has published a new working paper analyzing a dual-currency regime by pitting cryptocurrencies against traditional fiat currencies. Penned by economists and academics from the Bank of Korea and Seoul’s Hongik University, the working paper, titled ‘Crowding out in a Dual Currency Regime? Digital versus Fiat Currency’, was published earlier this week. “We examine the impact of a privately issued digital currency and fiat currency using…

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UK Banks Shun Bitcoin !

February J, 2017
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Banks in the United Kingdom are turning a deaf ear to bitcoin exchanges, despite the government’s pro-blockchain position, according to financial writer Roger Aitken, writing in Forbes. Unless the situation changes, the banks will undermine bitcoin’s progress and drive Cryptocurrency entrepreneurs out of the banking system. This fact together with the uncertainty  surrounding the pound due to Brexit could be a disaster for those who live in the UK, the banks are feeling under threat. Hopefully the government will step in…

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Bitcoin is back above $1,000

February J, 2017
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  Bitcoin is back above $1,000 Bitcoin is is back above $1,000 for the first time since January 5. The cryptocurrency was higher by 1.5% at $1,000.10 a coin as of 11:39 a.m. ET. It's been a wild year for bitcoin. It began 2017 with a 20% rally during the first five days of the year before crashing 35% on concerns of a crackdown on trading in China. Thursday's gains have extended bitcoin's winning streak to a sixth straight session…

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