Bitcoin | Comsure
Tuesday 28th July 2015
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Comsure operates in:the UK, Jersey, Guernsey

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Jersey to Create Bitcoin Regulations in Line with Public Opinion

The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not. In its just-released consultation paper, prepared under the watch of Jersey Financial Services Commission (the “JFSC”), the Joint Financial Crimes Unit of the States of Jersey Police (JFCU), the Law Officers’ […]

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Currencies That May Be Able To Fix The Weaknesses Of Bitcoin

Despite the numerous controversies about digital currencies, the industry is moving forward. By the time the digital currency space matures, the competition could be huge. The winners could be currencies that are able to fix the weaknesses of bitcoin. Here are three digital currencies with strategies that fix bitcoin’s weaknesses. Freicoin Freicoin is set up […]

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Britain to regulate bitcoin with money-laundering rules

Britain has taken a significant step towards becoming a global bitcoin hub as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges. Already the centre of the US$5-trillion-a-day market for traditional currencies, the UK is fast emerging as a centre for digital currencies, cementing its […]

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Major British Banks Say Bitcoin Is Risky And Could Help Terrorists

Major UK banks, including Barclays and Royal Bank of Scotland, have warned that Chancellor George Osborne’s plan to turn Britain into a hub for the virtual currency trade could help terrorists and criminals. The warning came in a letter to the Treasury from the British Banker’s Association (BBA), which represents the leading British banks. Anthony […]

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HOW TO LAUNDER STOLEN BITCOINS

Bitcoin’s main problem is that every transaction is public. Such a feature makes it difficult to launder stolen bitcoins. Take this $5m thief as the example. The person controlling 19,000 of Bitstamp’s coins has a problem. Anyone can follow the coins as they move between addresses. Lucky for them (or not as we’ll see), there […]

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Jitters After Bitcoin Exchange Suspends Services.

One of the biggest Bitcoin exchanges suspended services on Tuesday, prompting unease in a virtual currency industry already scarred by the collapse last year of Mt. Gox, once its most prominent exchange. On Tuesday morning, Bitstamp, based in London, posted a message on its website saying it had “temporarily suspended Bitstamp services” and urged its […]

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Bitcoin Bears Say Told You So  

Bitcoins are generated by miners who are rewarded in bitcoin for processing transactions by making complex calculations. Illustration by Tom Hall If you think oil had a rough 2014, consider bitcoin. The digital currency has plunged 54 percent since the beginning of the year. By contrast, Brent crude has fallen 44 percent; the ruble is […]

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Bitcoin, the Solution to Consumer Data Protection.

Despite all the news headlines around data breaches, hackers and identity theft, it is a little known fact that since 2013 over 1 billion consumer records have been stolen by hackers. The estimated cost of this data theft is a staggering $5 billion dollars a year, which inevitably gets passed down to consumers and merchants […]

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