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Bitcoin and its possible impact on insurance

...ut investing in bitcoin as a form of long-term investment. Bitcoins are stored in a digital wallet which could either be on a cloud or your computer. Digital wallets serve as your bank account which allows you to send or receive bitcoins, pay for bitcoin transactions, and save or store your bitcoins for future use. No one can predict how bitcoin can affect world finance and economy in the lo...

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What is coin selection and why does it matter?

...eate a change output. This means it would invariably have taken the 0.4 or 0.5 BTC, and return the change of 0.1 or 0.2 BTC to your wallet, less the fees. While the algorithm update is good news for the future, the fact is that there are years of bitcoin transactions that happened before this update. This has created a digital equivalent of everyone having a wallet comprising 70% nickels and di...

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Legal bitcoin to be!

...mpany Elliptic, researchers from Massachusetts Institute of Technology (MIT) and tech giant IBM, showed an overwhelming bitcoin transaction clearness. The aforesaid partnership was organized in order to use deep learning developments and analyze bitcoin transactions in the context of measures to detect illicit activities, such as money laundering. The group’s study sets out in details how sc...

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Legalization of Cryptocurrencies in Russia

...ative liability for violation of rules involved in the crypto transactions. Decision to legalize cryptocurrencies follows the non-consensual government's attitude towards crypto currencies. In May 2020 Russian government was moving to criminalize bitcoin transactions by proposing new legislation controlling the digital currencies even proposing prohibition on their issuance and circulation with...

Path: Blog