Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea

bitcoin.com reports today that the Crimean Government fired Two government officials for Mining Bitcoin using State-Owned Computers, reportedly having installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin. The Chairman of the Anti-Corruption Committee of the Republic of Crimea, Alexander Akshatin, said that: They put malicious software on the server of the Crimean government, which…

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Blockchain in the USA: Trump admin declares commitment to blockchain, government uses

In what could be seen as almost poetic, in the endless struggle between supposedly free and command and control economies; following a tweet by Francis Pouliot: “The smallest unit of Bitcoin (0.00000001 BTC) is worth 1 bolivar, a currency used by 30 million people.” The US Administration has come forward with a declaration of commitment to block chain, with two senators…

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Chamath Palihapitiya declares that when it comes to Bitcoin ‘nobody can stop it’

Palihapitiya has the knack for picking success stories early, and was early in getting heavily invested in both Facebook, the ubiquitous social network, and bitcoin, the disruptive cryptocurrency that has sharply divided investors who continue to argue over its legitimacy. In this cnbc.com article, they report that Palihapitiya said  “Nobody can stop it because nobody can control it,” at the Delivering Alpha conference on Sept….

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Mike Novogratz moving to establish a $500 million hedge fund focused on cryptocurrency and blockchain.

Former Fortress Investment Group principal is said to be establishing a $500 million dollar hedge found focused primarily on cryptocurrency and block chain technology. Read more at Bloomberg News, who are reporting that Mike Novogratz is investing $150 million of his own, with an additional $350 million expected to be raised from outside sources by the end of 2017. When asked…

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