Sentences with phrase «as a digital currency for»

The ultimate goal of Bitcoin Cash is to be actually useful as a digital currency for purchases in the real world.

Not exact matches

This is probably the most common use of digital currency for individuals and non-professionals: as an alternative, risky, potentially very rewarding sort of asset class.

The market for Ether cratered on news of the theft, with the price of the digital currency dropping from a peak of over $ 21 yesterday to around $ 12.93 as of this writing, as tracked by CryptoCompare, on surging volume.

Bitcoin slumped as South Korea's justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a government crackdown will erode one of the world's biggest sources of demand for digital currencies.

As for why Pornhub is only accepting Verge cryptocurrency payments, a relatively obscure digital currency, a spokesman for the adult entertainment website said that its users specifically asked for it.

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

This is a big reversal of fortune after a terrible week for the digital currency in which the CEO of J.P. Morgan (jpm) slammed bitcoin as «a fraud» and the Chinese government ordered cryptocurrency exchanges to cease trading.

«In uses that involve a financial transaction, it makes sense to use bitcoin or some other digital currency for the same reason — by doing so, transactions can be automated and guaranteed without recourse to third parties, such as a bank.»

HaoBTC is a Beijing - based bitcoin company that offers a wallet for storing the digital currency as well as a traditional mining service with a mine in Kangding, China.

Also, cryptocurrency investors are preparing for another Bitcoin hard fork next week, in which enthusiasts are planning to split off a second version of the digital currency known as Bitcoin Gold.

In multiple phone calls and emails, Fortune tried to get the agency to comment on the tax treatment of air drops as well as that for newly - mined digital currency, where the rules are likewise ambiguous.

University of Nicosia in Cyprus announced today that it will accept the digital - only currency as legal tender for tuition and fees.

Investors exchange digital currency, such as bitcoin, for a token issued by the firm.

And as Forde points out, companies like UBS and Intel have opened labs to search for opportunities in the realm of digital currency.

Although the use of crypto - currencies puts a new spin on it, the history of micropayments for content is littered with failures, including a litany of strange - sounding digital would - be payment systems such as Beenz and Flooz.

Many digital currency enthusiasts see ethereum as the foundation for the next generation of the internet.

Bitcoin traded near $ 10,192 as of 4:28 p.m. on Coinbase, the leading U.S. marketplace for buying and selling major digital currencies.

The technology was first developed to underpin digital currency bitcoin as it removes the need for a central bank or authority to police the currency.

For law - abiding investors, however, the process of reporting digital currency profits — which are taxed as ordinary income in the short term and as capital gains in the long term — will be arduous since Bitcoin exchanges have yet to provide customers with a 1099 form.

As more people began playing these virtual games, Draper envisioned the need for a global, digital currency not tied to political whims.

Typically these offerings involve the opportunity for individual investors to exchange currency such as U.S. dollars or cryptocurrencies in return for a digital asset labeled as a coin or token.

The Dec. 20 sentencing of Charlie Shrem, one of the digital currency's most vocal cheerleaders as vice-chairman of the Bitcoin Foundation and chief executive of an exchange called BitInstant, to two years in prison for illegal money transfers doesn't help.

Revenues for Converse were $ 483 million, down 8 percent on a currency - neutral basis, as international and digital growth were more than offset by declines in North America.

Despite all the replies, as per Coinbase's website they are insured for digital currency as well as fiat.

BCH, considered as the true remaining Bitcoin as intended by the Satoshi Nakamoto white paper, currently leads the race among digital currencies wishing to become a true competitor against both PayPal and Visa for making payments.

Despite Bitcoin prices taking a tumble as of late, Silicon Valley still seems to have an appetite for the digital currency.

Representatives from 20 countries who are currently gathered in Buenos Aires for a G20 summit are approaching a consensus that the digital tokens commonly referred to as cryptocurrencies are assets rather than currencies, according to reports.

Riot Blockchain described the platform as «one of Canada's leading exchanges for trading digital currencies.»

As the country continues to push its digital currency initiatives, there will be plenty of opportunities for novel product development within the space, including blockchain and bitcoin.

It is anticipated that the exchange's founding president, Koichiro Wada, and current COO, Yusuke Otsuka, will step down once the digital currency marketplace receives some sort of capital as payment for the acquisition.

The Bank of Korea stresses the importance of regulation for digital currencies due to the susceptibility of criminal activity and identifies regulatory activities in the U.S., EU, and Japan as examples.

As our readers are aware of, students and young adults are an excellent demographic for Bitcoin and digital currency.

It does not include software, protocol governing transfers of the digital representation of value, transactions which merchants grant as part of a reward or affinity program in which value can not be exchanged for tender, bank credit, or virtual currency.

Appearing before the country's parliamentary finance committee, Deputy Governor Nadine Baudot - Trajtenberg stated that cryptos should be «viewed as a financial asset,» and that the government holds no responsibility for investors of digital currencies.

NEW YORK (Reuters)- Alphabit, a global fund that invests in digital currencies, has been launched with a target of $ 300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions.

We'll ignore currency issues (including the jurisdiction of the CFTC over such things) for the moment, except insofar as New York's definition of virtual currency (which you need a license to move around) is very broadly construed and includes most «digital units of exchange» which could certainly include tokens.

As one of the first pieces of major regulatory frameworks encompassing digital currencies and their associated technologies, BitLicense will likely serve as a template for regulators across the U.As one of the first pieces of major regulatory frameworks encompassing digital currencies and their associated technologies, BitLicense will likely serve as a template for regulators across the U.as a template for regulators across the U.S.

Japan is the only major advanced economy with a licensing regime for digital currency intermediaries such as exchanges and payment providers.

«As cryptocurrencies gain wider acceptance, their ability to undermine politicians increases,» said Roger Ver, an early investor in bitcoin who is known as Bitcoin Jesus, for proselytizing about the digital currency in its early dayAs cryptocurrencies gain wider acceptance, their ability to undermine politicians increases,» said Roger Ver, an early investor in bitcoin who is known as Bitcoin Jesus, for proselytizing about the digital currency in its early dayas Bitcoin Jesus, for proselytizing about the digital currency in its early days.

The central bank's governor, who is expected to retire soon, said that the PBoC is taking a look at digital currencies as it searches for less costly, more convenient modes of payment.

The reason for this hard fork is down to the developers wanting to keep improving this digital currency as a medium of exchange.

Silbert — a long - time financier who cut his teeth on Wall Street as an investment banker for Houlihan Lokey Howard & Zukin — founded Digital Currency Group in 2015 to oversee his multi-pronged foray into the budding cryptospace.

For advocates of bitcoin and the other cryptocurrencies surging in value, the gold may be in the shares of the companies that produce the computer processors and chips used to create the digital currencies in the process that's become known as mining.

What has once been described as a stagnant, slow and stuck in the middle entity is now rising faster than it has in quite some time, and digital currency enthusiasts are keeping their fingers crossed and hoping things last this way for quite a while.

Silbert first became interested in the digital currency while working as the CEO at SecondMarket, a secondary market for company shares.

The People's Bank of China is currently developing a digital currency, known as the DCEP, or Digital Currency (for) Electronic Payment, according to a report from the Beijing Youthdigital currency, known as the DCEP, or Digital Currency (for) Electronic Payment, according to a report from the Beijing Youtcurrency, known as the DCEP, or Digital Currency (for) Electronic Payment, according to a report from the Beijing YouthDigital Currency (for) Electronic Payment, according to a report from the Beijing YoutCurrency (for) Electronic Payment, according to a report from the Beijing Youth Daily.

While the benefits of distributed ledgers have been much discussed, Bain concluded that actual tools using blockchain for international payments and trade finance remain in their early stages as banks remain challenged by scaling the technology, along with uncertainties surrounding digital currencies and privacy issues.

Yet, the facts, as laid down in his own Treasury's report had stressed that «risks of digital currency used for money laundering to be relatively low».

An ICO typically involves selling a new digital currency at a discount — or a «token» — as part of a way for a company to raise money.

At only two pages, the concise bill is not very substantive, save for a brief classification of «virtual currency» as «any type of digital representation of value that; 1) Is used as a medium of exchange, unit of account or store or value; and 2) Is not recognized as legal tender by the United States government.»