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| Bitcoin's scaling problems mean it won't make it as a currency Participants in bitcoin transactions pay fees to assure that the global network of computers that manage the currency will process the transaction. Tuesday afternoon, Eastern time, it cost around $19 (£14.24) to have a transaction processed in 10 minutes. By one estimate, paying a smaller fee of $3 ...
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| UAE, Saudi working on digital currency for cross-border deals The two central banks have in the past expressed skepticism about digital currencies such as bitcoin, with the UAE central bank saying it did not recognize bitcoin as an official currency. In July, the Saudi central bank warned against trading bitcoin because it was outside the bank's regulatory reach.
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| Now This: 4X-Leveraged Currency ETNs It was probably just a matter of time before an exchange-traded funds issuer tried its hand at quadruple-leveraged products. That time is now. On Tuesday, Janus Henderson Plc's JHG, -0.27% VelocityShares unit launched a suite of 10 quadruple-leveraged currency exchange-traded notes. Like ETFs ...
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| Bitcoin may be the currency of the future, so what is it? CHICO, Calif. - Bitcoin seems to be the new thing everyone is talking about, so an assistant professor at Chico State broke down what it is and how it works. Joe Wang, Assistant Professor with the Department of Electrical and Computer Engineering said Bitcoin is digital cash, with a purpose to replace ...
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| Bitcoin CEO Agrees with BI to Not Recognize Bitcoin as Currency CO, Jakarta - Bitcoin Indonesia CEO Oscar Darmawan says that Bitcoin is not a currency. Therefore, he expects the government to issue a regulationon its exchange market or plant. Oscar agrees with Bank Indonesia's decision not to recognize Bitcoin as a currency. "We agree with BI regulation and we ...
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| Tapjoy adds Custom Exchange Rates and Permanent Currency Sales to its advertising offerwall Rewarded mobile ad platform Tapjoy has added two new features to its advertising offerwall to increase both engagement and revenues. The first feature, dubbed, Custom Exchange Rates, allows developers to set different levels of rewards for different types of users. This could be used to offer higher ...
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| Racket supplies fake currency in coastal belt The cheating came to light when a small-scale trader who grew suspicious of the currency notes eventually informed the police. Tamil Nadu native Lakshamanan is supposedly the kingpin of the racket who brought the counterfeit currency notes into the district for widespread circulation. The police said if ...
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| Libya's central bank faces pressure to float currency TRIPOLI, Dec. 13 (Xinhua) -- A senior official of Libya's Central Bank said on Wednesday that political figures and parties are pressuring the Central Bank to float the local currency. "A number of political parties and officials are continuously pressuring the Central Bank to float the dinar, in order to reduce ...
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| What is cryptocurrency, how can you buy it and what risks are involved with investing in Bitcoin ... But in the world of cryptocurrency, the production of currency is generally capped. Bitcoin's younger brother Litecoin consists of 84 million units, for example, as opposed to its sibling's 21 million. The same is true of "altcoins" – similar currencies which have been launched in Bitcoin's wake that include ...
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| Currency: Rupee strengthens against dollar KARACHI: The rupee strengthened against the dollar at Rs110.52 in the inter-bank market on Wednesday compared with Tuesday's close of 110.64. In the last four days, the rupee has cumulatively shed over 4.86% of its value after the central bank reportedly abstained from intervening in response to ...
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