Ron Paul desires you to rely on Bitcoin with your retirement savings

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Because nothing says legitimacy like a 30-second informercial, everyone’s favorite racist grandpa has taken to Fox News to push the latest retirement-savings proposal to 68-year-olds across this great nation. And just what is it that Ron Paul is pushing, exactly? Why that would be Bitcoin. That’s right, the former congressman is shilling for Bitcoin on Fox News. But not just any old cryptocurrency will do for the man terrified of the Federal Reserve. Nope, Paul wants you to put your hard-earned bucks into a “Bitcoin IRA.” SEE ALSO: This $4 billion Bitcoin laundering scheme reads like a gripping detective story Ads showing Paul extolling the virtues of Coin IRA have been on the network since at least October, but it somehow wasn’t until recently that they caught our astonished eyes. And, well, you’ll just have to watch it for yourself.  Interestingly, Coin IRA is a subsidiary of something called Goldco— a company that says it aims to “help clients looking to add precious metals to their IRAs.” That’s right, a gold company is presumably paying Ron Paul to convince old timers to bank their retirement on cryptocurrency.  Notably, Paul has said Bitcoin “can be a participant in bringing down the …

After Calling Bitcoin A Money Laundering Tool, JPMorgan Busted For Cash Laundering

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Handelszeitung. That literally means that the Wall Street banking giant assisted in money laundering. RT reports: The ruling was reportedly issued on June 30, but the regulator did not make it known as JPMorgan has been actively trying to prevent the publication. The Federal Administrative Court has since dismissed an appeal by the bank. It is two months since JPMorgan CEO Jamie Dimon slammed bitcoin, the world’s leading cryptocurrency, labeling it a fraud. According to Dimon, bitcoin could be useful “if you were a drug dealer or a murderer.” Dimon also compared bitcoin to the 17th-century Dutch tulip mania bubble. At the time, the CEO predicted the eventual demise of the digital currency and pledged to fire any trader trading bitcoin for being stupid. “A fiat currency is when a government says this is your legal tender, you have to give it and accept it, and of course the central bank can misuse it and inflate it. But what is the use case for bitcoin? You’re in Venezuela, North Korea, you’re a criminal. Great product!” he said during a news conference in Washington. […]

Bitcoin and Other Cryptocurrencies: the Next Shiny Things or the Next Gold Mine?

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Image: Clearviewstock|Getty Images Picture Of/ Caption Close < p data-hdn-analytics=gallery_overlay_open|article-gallery-12366098|article-gallery-12366098|0 > Picture of Image: Clearviewstock | . Getty Images Bitcoin and Other Cryptocurrencies: the Next Shiny Item or the Next Cash Cow?/< div data-hdn-analytics=gallery_thumbs_close|article-gallery-12366098|article-gallery-12366098|0 > Back to Gallery As businesspeople, we search for every possible advantage to get ahead. As entrepreneurs, it is essential that we remain current with every new software, app, or piece of technology– whatever will help us overcome the hurdle. We have to learn it and maximize its use due to the fact that it remains in our nature to innovate.But what if the most current technology can be found in the kind of digital currency?While not everyone depends on date on the most current cryptocurrencies, everyone’s heard of Bitcoin. It’s the most popular type of cryptocurrency, defined as”a kind of digital currency where file encryption methods are utilized to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” After the monetary banking crisis of 2008, lots of saw the requirement to produce a decentralized, yet organized system that could perform transactions without middle males– indicating no banks!.?.!! However, while many have heard about bitcoins, we …

Will Blockchain Change the Music Industry?– RightsTech Task

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b’ The documented music market, unfortunately, has a history of overlooking and dismissing. We understand how that story plays out, so what will the story arc appear like this time? Blockchain is here, and a hea … ‘ Read More

Fear of cash seizures has led cartel to use bitcoin currency

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Servers used as a Bitcoin’farm’in Amsterdam The revelation that Dutch cops uncovered a”bitcoin farm”in a strengthened Amsterdam home used by the Kinahan cartel for drug deals is proof of the mob’s unwillingness to utilize cash for their international deals. Sources state that the use of bitcoin is probably as an outcome of the big quantity of money seizures versus the cartel because their deadly feud with the Hutch mob started in February of last year.It is approximated that the cartel has lost an overall of around EUR4m in cash given that the significant garda drive against them began 18 months back. “It is clearly much easier for the cartel to now trade in bitcoin instead of money because it is less most likely that this currency will be taken from them,” a source said.More than a lots people are now prior to the courts facing money laundering charges and the cartel’s operations have actually been significantly obstructed as countless euro has been seized from them.Bitcoin is a kind of virtual international currency that is kept digitally and used to buy items online.The anonymous nature of bitcoin, which was created in 2009, has made it popular with groups associated with many …