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FinCEN, The United States Financial Crimes Enforcement Network has publicized rulings that clarify where the digital currency space will fall under. The network says that those who are mining for personal gain and companies that buy and sell transferable virtual currency for the...

Bitcoin has the opportunity to go against pre-existing payment processors like Visa, Western Union and Citigroup. So the question is, what is stopping them from doing so? It seems the answer is the lack of support the majority of society has in bitcoin. But is it really...

Chinese Bitcoin Exchange BTC China has once again begun taking in deposits using its corporate bank account, after the Chinese government shut down their operations back in December 2013. CEO of BTC China, Bobby Lee, acknowledged that his customers can purchase bitcoins by...

What is Bitcoin Mining? A government is the one who decides when to print paper money. However, due to the fact that Bitcoin is decentralized, it has a different way of churning coins: mining. There are two main aspects to mining: confirming transactions to the block chain and...