"Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms."
"Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. With cryptocurrency powered payments inside Telegram, users could bypass remittance fees when sending funds across international borders, move sums of money privately thanks to the app’s encryption, deliver micropayments that would incur too high of credit card fees, and more."
"Zuckerberg outlined two areas of technology that he wanted to research in 2018: encryption and cryptocurrencies. He said both technologies led to decentralised power, which Zuckerberg saw as a positive move. Zuckerberg wasn't explicit in his post about Facebook's plans regarding cryptocurrencies. He didn't say the company would add bitcoin as a payment option, for example. But it shows that one of the world's most powerful companies is looking closely at the technology."
"The government has blocked popular messaging services like Telegram and Signal, in addition to several internet networks. Yet despite censorship and civil unrest, the Iranian bitcoin community is growing rapidly. Iranian customers protested outside local branches in 2017, demanding deposits because they worry some of the country’s largest credit institutions are on the verge of collapse. Meanwhile, Iranians remain politically ostracized from most international businesses and financial institutions. Part of the inspiration behind the Iranian revolution in 1979 was a belief that the Shah’s regime perpetuated economic inequality."
"A crackdown on organized crime by Bulgarian law enforcement in May resulted in the seizure of more than 200,000 bitcoins – an amount worth more than $3 billion at today's prices. Twenty-three Bulgarian nationals were arrested during the operation, and officials said at the time that the arrests and subsequent asset seizures followed an investigation into an alleged customs fraud scam. In all, the alleged perpetrators avoided paying some 10 million leva (Bulgaria's national currency), worth roughly $6 million."
"Trading, which began at 6 p.m. ET (5 p.m. CT), was so intense that halts designed to cool volatility were triggered twice on the CBOE."
"Two months ago we noted former Fed chief Ben Bernanke's apparent flip-flop since leaving office as he agreed to be the keynote speaker at a blockchain conference, having warned in 2015 of 'serious problems' with bitcoin due to its 'instability' and 'anonymity'..."
"Nasdaq Inc plans to launch a futures contract based on bitcoin in 2018, making it the third exchange operator to plan U.S. derivatives contracts linked to the digital currency, a source with knowledge of the matter said on Wednesday. CME Group, the world’s largest derivatives exchange, and CBOE Holdings, have both said they plan to launch futures products based on bitcoin this year, pending regulatory approval, helping fuel the crypto-currency’s rally. While Nasdaq does not have a hard date set for its product, the transatlantic exchange operator has offered an exchange-traded note based on bitcoin on its Stockholm exchange since 2015."
"'Venezuela will create a cryptocurrency,' backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing. Ironically, Venezuela’s currency controls in recent years have spurred a bitcoin fad among tech-savvy Venezuelans looking to bypass controls to obtain dollars or make internet purchases. Maduro’s government has a poor track record in monetary policy. Currency controls and excessive money printing have led to a 57 percent depreciation of the bolivar against the dollar in the last month alone on the widely used black market."
"Welsh IT worker James Howells says he accidentally threw away a hard drive full of Bitcoin which he believes is now worth more than $100 million (around £74 million). He’s been fighting Newport city council ever since for a permit to look for the computer, which contains over 7,500 units of the cryptocurrency and is buried below thousands of tonnes of rubbish on a landfill site. A spokesperson for the council said James has been told 'on several occasions' he will not be given a permit despite his offer of a 10% cut."