Japanese Internet Giant GMO Launches Bitcoin Mining Business (news.bitcoin.com)

Japanese Internet leader GMO Group has announced today that it has launched a new cryptocurrency mining business through its European legal entity, as it aims to gain a better understanding of the virtual currency.
Also Read: Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy
GMO…

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Bitcoin is booming in Nigeria as both business users and speculators rush in

Over the past 18 months, due to reasons ranging from needing to make international payments, like Egedegbe, or simply wanting a slice of the next big thing, bitcoin adoption in Nigeria has spiked. This year, peer-to-peer bitcoin trading in Nigeria has increased by nearly 1,500%—surpassed only by …
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UBS warns of bitcoin bubble as futures trading begins on CME – business live

In a new research note, ING argue that the digital currency will eventually return to being a “niche product for a select group of enthusiasts”, rather than a revolutionary new currency that reshapes the financial system. Why? They argue that there are several impediments build into bitcoin, which will …
Google Alert – bitcoin

I started a small business using a fraction of a bitcoin given to me on this sub in 2013. Just wanted to say thanks to everyone

I was originally disappointed with some poor experiences using Coinbase and mentioning my issues on this sub. I never asked for anything, simply was whining about problems I had with Coinbase at the time when they were being flooded with new accounts and support requests.

Everyone was great about helping me out and pointing me in the right direction to have things set up properly. Unexpectedly, someone sent me about a quarter of a bitcoin to repair my feelsies, which was quite a lot of currency to send over the internet to a stranger, especially on an alt account that had been fairly recently created.

I ended up using it to cover the costs of starting a little business. I now manufacture stenography keyboards that are compatible with Plover for stuff like live transcription (or just fast typing in general). Now that the design all done, I'll soon be uploading the PCB files and case design online to be freely used for anyone to make or modify, even for commercial purposes, under the TAPR Open Hardware License.

I know I might be better off hodling, but I like the idea of actively using bitcoin more than storing it away.

Thanks, /r/Bitcoin, for helping me get to this point. Even when I didn't deserve it.

submitted by /u/EcahUruecah
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PR: Nuls—the Global Open Source Platform for Blockchain-Based Applications to Be Adopted in Business Scenarios (news.bitcoin.com)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
“This is a really good start. Nuls price rises by more than 300% on the first day at Binance. We will get listed on more exchanges and plan to have new offices in Japan and other…

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This whole “omg the transaction fees r so high, bitcoin is dying” thing is getting ridiculous. As a small business owner, I am charged 3% per credit card transaction and I am ALSO at risk for charge backs.

Crypto currency and bitcoin specifically is a game changer though we still are in the early phases of adoption. Transaction fees really aren't that much, especially when the transaction queue's aren't kept artificially high. As more people start to use bitcoin, this will stabilize.

Regardless though, I am just trying to show perspective. When you say that bitcoin transaction fees are too much, consider what merchants have to pay for credit card fees and the potential loss from chargebacks. And let's also think about cash usage. Just because a business accepts cash doesn't mean that they don't also incur additional costs such as armored trucks, security systems, etc that they need to use as a precautionary measure for security.

Bitcoin would alleviate so many of those costs and give businesses more security over time. As Bitcoin continues to evolve such as Lightning we can expect to see faster and cheaper transaction times.

Don't buy in to that Bitcoin is a terrible currency. As a matter of fact, it is a brilliant one and as time goes on, it will become more efficient and resilient.

submitted by /u/NosillaWilla
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