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Bitcoin Breaks Down Barriers In $60 Billion International Art Industry - Benzinga

Published 1 year ago

Bitcoin Breaks Down Barriers In $60 Billion International Art Industry - Benzinga

Benzinga via benzinga.com

The $60 billion international art world is increasingly intrigued by the idea of using bitcoin, a currency without borders and those often-annoying middleman, such as art brokers and government regulators, the BBC reports. Her clientele will have the option of using bitcoin and the raft of other competitors, such as Ethereum, Ethereum Classic, Dash, Litecoin and Monero, she told the news agency. The underlying tech for bitcoin is called blockchain, a digital record of transactions that is distributed and verified by a network of computers. "I give the client my public key (a long string of letters and numbers) and they use that to send bitcoin to my account from their digital wallet or bitcoin exchange." "My wallet is linked to my personal bank so I can then convert those bitcoins into pounds, euros or dollars." “How do I sit back and crunch numbers and come up with a fundamental value for bitcoin?” he said recently on PreMarket Prep. Bitcoin, Bitcoin, Bitcoin: Why Some Buy And Some Don’t © 2017 Benzinga.com. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
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Coinbase Is Courting Serious Legal Trouble By Not Supporting Bitcoin Cash - Benzinga

The bitcoin blockchain officially forked into two cryptocurrencies Tuesday: bitcoin and Bitcoin Cash. Coinbase, the largest cryptocurrency exchange, has stated that it will not support Bitcoin Cash, d ... Read More

Crypto Investors, Keep An Eye On Blackmoon - Benzinga

On Tuesday, the firm announced the launch of the Blackmoon Crypto Platform, a new way for investors to trade and invest in “tokenized vehicles” based on the Ethereum blockchain. “The Blackmoon Crypto ... Read More

Savvy Or Stupid? Many Americans Betting Their Retirement Savings On Bitcoin - Benzinga

Penny for your thoughts on whether putting your retirement savings into bitcoin, the hot but crazy-volatile cryptocurrency, is worth risking a nest egg. BitcoinIRA launched last year and Chief Operati ... Read More

Feds Bust Reputed Bitcoin Baron In $4 Billion Scheme To Launder Drug Money, Ransomware, Bribes And Identity ... - Benzinga

A Russian criminal mastermind used his bitcoin currency exchange to launder $4 billion from a vast network of interlocking syndicates engaged in public corruption, identity theft, ransomware extortion ... Read More

Bitcoin Cash Is Coming: What Investors Need To Know - Benzinga

On Aug. 1 at 12:20 UTC, the blockchain will split into bitcoin and Bitcoin Cash, a new peer-to-peer electronic cash. Many miners believe that the solution is only delaying the problem and risk of a sp ... Read More