Las Vegas Strip Club Accepts Bitcoin

In 2017 mainstream media was introduced to Bitcoin, as the cryptocurrency market erupted. As the cryptocurrency continued to grow, investors grew tiresome of not being able to purchase things with their digital tokens. You are now able to purchase homes, vehicles, flights, NBA tickets, plastic surgery, funerals and household appliances with Bitcoin. Now, a Las Vegas strip club is the newest business to accept the digital token for its services. The Legends Room opened back in May of last year. The adult entertainment club has an in-house Bitcoin ATM, and its patrons can purchase the cryptocurrency immediately. The Legends Room dancers have the opportunity to wear a temporary QR barcode tattoo that’s connected to a cryptocurrency wallet address. This barcode can be scanned on a smartphone, and the digital tokens can be distributed immediately. The club decided to start implementing this when cryptocurrency prices began to rise and wanted to stay up-t0-date with the technology. This technology allows the dancers the privacy of their profession by not having to explain to the banks why they are depositing large amounts of cash. One of the entertainers at the club explained that she had her account shut down and some banks won’t …

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Bitcoin Futures And The Bitcoin Market

Bitcoin futures began officially trading on Sunday, December 10, 2017, first by the Chicago Board Options Exchange and, at a later date, by the Chicago Mercantile Exchange. There was a lot of debate about what Bitcoin futures would do to the market, but before we can get into that, it’s important to understand what Bitcoin futures are. What are futures? ‘Futures’ are an agreement to buy and sell Bitcoin by a certain date. This is so regulators, in this case, the Commodities Futures and Trade Commission, can oversee anything going on in the market. As Bitcoin itself is not regulated, many people are still hesitant about it, but Bitcoin futures hopes to eliminate that hesitation, and so far it appears to have been successful. ‘Futures’ can help investors to speculate on the price of Bitcoin in the future, and it can also help to control the risk of investing in Bitcoin. Here’s how this applies to Bitcoin: if any Bitcoin owner believes that Bitcoin prices will fall in the short term, investors can protect themselves against this by selling, or shorting, Bitcoin futures. It can be sold for a price that it is believed Bitcoin will be at further in the future …

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Taiwan’s Central Bank | Looking into Blockchain Technology

Looks like we have yet another central bank moving into the blockchain industry. Taiwan’s Central Bank On Monday, the world was informed that Taiwan’s central bank plans to start exploring blockchain technology in-depth. More specifically, according to Yang Chin-long, the new governor of the central bank, the small island nation wants to start using blockchain to improve a number of its operations. Financial technology has become immensely popular as of late, so it’s not surprising that Chin-long’s agency wants to start taking note of all that goes on in the sector. After all, no one wants to get left behind when a new piece of technology emerges. We saw this when the Internet first surfaced. >> Russia’s Central Bank Developing Blockchain Payment System The Taiwan central bank governor did not go into much detail about how it plans on exploring the technology but did state that it will remain open-minded on all that happens in the sector. Further, Chin-long stated that he recognizes that blockchain technology could help to alter Taiwan’s currency policy and payment sector in a positive manner. Mentioned briefly, this is not the first central bank to come forward and discuss blockchain technology. There have been a …

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How to Buy Bitcoin in Hawaii

Last updated on February 26th, 2018 at 12:37 pm Nowadays, you can buy Bitcoin almost anywhere. The problem that some people have is finding out whether or not Bitcoin is legal in their country, and which exchanges they can use. This guide aims to help those buying Bitcoin in Hawaii by providing all of the essential information in one place. Is Bitcoin legal in Hawaii? Hawaii is a US state, so Bitcoin is legal there. (But keep in mind that Hawaii is a chain of secluded islands in the Pacific.) In 2013, Bitcoin was classified as a convertible virtual currency. In 2015, the Commodity Futures Trading Commission classified Bitcoin as a commodity. Indeed, it is subject to taxes by the IRS. Therefore, it includes the sale, exchange, or purchase of goods with a convertible, virtual currency. However, there have been some complications for Bitcoin in Hawaii. In particular, Coinbase announced that it was suspending its business in Hawaii, due to the state imposing regulatory policies on Bitcoin. How popular is Bitcoin in Hawaii? An increasing number of businesses in Hawaii are accepting the cryptocurrency.  The weekly US dollar volume on LocalBitcoins shows rapid growth throughout 2017. According to Google Trends, …

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Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

Regulation The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also Read: Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts Bits of Gold vs. Leumi Since its inception in 2014, Bits of Gold has, which is licensed as a currency changer business, always held an account with Bank Leumi – one of the top two biggest banks in the country. In 2015, the bank decided to close its account despite the company’s meticulous conduct – only because the company deals in bitcoin, and then Bits of Gold decided to apply to the court for permission to continue using the account. For several years Bits of Gold worked with an injunction that allowed it to act until a final verdict. A few months ago, the District Court authorized the bank not to allow Bits of Gold to trade in bitcoin, even though it praised its activities. The company appealed this …

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The Crypto Show At The Mexico City Bitcoin Meetup…..Sponsored By Ripple?

A live show from the Mexico City Bitcoin Meetup at EBC Escuela Bancaria Y Comercial which is also venue where a previous Latin American Bitcoin Conference was held. This was an Amazing event sponsored by Ripple and 150 people were turned away because there wasn’t enough room. Ripple was not our topic of discussion (the Ripple reps were not permitted to be interviewed) but rather the growth of crypto in Mexico. We also chat with Rosio one of the organizers as well as Jose Rodriguez and Pablo Echeverria. Sponsored by: Dash, CryptoCompare and Defense Distributed Links LogosRadioNetwork https://www.amazon.com/dp/1119365597/ref=cm_sw_r_sms_c_api_IQPczbQHWJKP8 TheCryptoShow FreeRoss Social Media The Crypto Show on Facebook @TheCryptoShow @The_Crypto_Show @the_crypto_show instagram The Crypto Show YouTube Tip with Crypto BTC: 139R6K7fxTYaFf2aXTid84Le1ayqMVvSCq Dash: XoeHNrTMKcLWxZpKfUnDMpRbHFNgFmRrLF LTC: LUTJtk4QqXLiDkK8pDKK3jM73VVwbp7oSr ETH: 0x10cfd6916832566e82b3ab38cc6741dfd7e6164fo Source link

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Bitcoin Will Surge Further – Here’s Why

Bitcoin predictions: Cryptocurrencies have been stabilizing over the past three days – something rather unprecedented. Markets had witnessed Bitcoin’s upside volatility last year but found it equally volatile on the downside; the slump from $19,000 to less than $6,000 in last month alone vindicated the instability for both trends.   In spite of the massive sideways movement, returns from crypto funds topped hedge fund returns last year. For instance, Pantera Capital, which started its first cryptocurrency fund in 2013, generated returns of 22,000 percent since its inception. Last year, Cryptocurrency fund returns were significantly higher … Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. Source link

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Coinbase Exchange Drains Customer Bank Accounts – Utter Pandemonium Unleashes

You have only $2 to your name now and can’t afford food or bills? No big deal! Sorry for your loss. Some Coinbase account holders are currently in this position, as a glitch has caused the exchange to withdraw an excessive amount of money from its user’s linked bank accounts. We all knew jumping in the cryptocurrency market was extremely risky but did we ever imagine this? Not the slightest. Many users have taken to various forums saying: “Already contacted my lawyer, closed my bank account, removed CB from everything, etc. I … Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. Source link

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