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Which Countries Embrace The Crypto & Blockchain Technology

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Blockchain began in 2013 and reached its all-time high in 2017. Blockchain is seen as the most important form of technology because without it bitcoin is unable to function. Blockchain has contracts within its system and data exchanges of which are presented in a cryptographic form. Bitcoin, as well as other cryptocurrencies, make up only one application to blockchain. The International Monetary Fund has even begun exploring ways to make use of the blockchain technology in terms of their own trading as well as special drawing rights. The blockchain innovation is being led by some surprising countries such as:

Dubai:

Dubai has been aiming to become the forefront of blockchain with their goal to implement 20 blockchain initiatives in 2018. The Dubai government supports the modernization of applying blockchain services in several sectors.

United Kingdom:

Since as early as 2016 the UK government had strategies to make use of blockchain in order to reduce the rate of fraud and corruption. Innovate UK, which is the UKs technology development agency provided £248K GBP towards the blockchain startup to develop a world-wide solution for financial transactions. This type of behavior has encouraged online gambling technology providers like FunFair to embrace the technology.

Japan:

In Japan theres a person or group of people who are seen as the founding members of the development of a protocol of cryptocurrency and that they developed the original software where the blockchain code was applied. Japan is the only country which has been able to implement a system capable of adapting to cryptocurrency transactions.

With regards to cryptocurrency, we usually think of Bitcoin. It is the most popular type of cryptocurrency which enables financial transactions between people without a middleman. In countries all over the world, different governments apply different approaches of implementing cryptocurrencies. Bitcoin has created not only lower costs for the use of financial services but also has created a more efficient system. Bitcoin is owned by people and not by companies or government thus provides owners with more control and freedom which is more beneficial to them. Many countries have started to adapt and implement the ground-breaking technology that is bitcoin, such as:

United States:

The US consists of the most people in the world who use cryptocurrency and in terms of the number of people trading bitcoin. The US is seen as having a supreme financial status therefore many nations look to them for guidance in terms of cryptocurrency. They also have the highest number of Bitcoin ATMs and Bitcoin trading volumes internationally.

Chile:

In 2015 the Chile citizens were able to purchase Bitcoin with pesos through funding from the Chilean government. The Chilean government had goals to convert their country into a modern and entrepreneurial nation.

Italy:

In Italy tax authorities have adopted Bitcoin as a form of financial exchange. Sales that are paid for through Bitcoin are exempted from Vat. Italian tax authorities charge income tax on Bitcoin based on the manner that it was used.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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