Top-5 Bitcoin Firsts

Top-5 Bitcoin Firsts

Once in a while we hear the inspiring, amusing and often ridiculous stories about Bitcoins, the innovative cryptocurrency that is taking the world by storm. Here is an overview of the Bitcoin’s first achievements in integrating into the mainstream.

The first transaction

Some of you might have heard the story about the incredibly pricy pizza bought for Bitcoins. On May 21, 2010, an IT specialist Laszlo Hanyecz from Florida transferred 10,000 Bitcoins to an unknown Bitcoin-enthusiast in England, who would order a pizza from a Laszlo’s local Papa John’s and got it delivered to him.

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Bitcoin Startups: GogoCoin

Bitcoin Startups: GogoCoin

 

Gogocoin is a new Bitcoin startup that will offer easy-to-redeem gift cards for Bitcoins at retailers worldwide. In exchange for local currency, users will be able to enter retail stores and buy Bitcoins. The cards are then redeemed at http://redeem.bitcoin.com where a wallet is instantly created on blockchain.info, and the coins arrive at spot rate minus a 7% fee. Tom Longson, Gogocoin’s founder, first became involved in Bitcoin in 2011 when he began mining.

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Argentina’s Default and the Opportunity For Bitcoin

Argentina’s Default and the Opportunity For Bitcoin

It is time to cry for Argentina. It has not kept its promise, and now things are in disarray with the peso. At the same time however there may be a way out through the bitcoin.

The Beginning of the Problems

It is not the first time that Argentina has had problems with its payments. It also happened in 2001 and on six other occasions since independence from Spain in 1816.

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Bitcoin Startups: BitPagos

Bitcoin Startups: BitPagos

There are a large number of new Bitcoin startups popping up on what seems to be a daily basis these days; however, only a few of these companies are actually helping people in the developing world gain access to the Bitcoin ecosystem. BitPagos is one of these companies, and their goal is to help merchants gain access to bitcoins by selling their goods and services to people all over the world. They market themselves as the opposite of BitPay where merchants can allow their customers to pay with credit cards and then have that fiat converted into bitcoins.

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KYC, AML and Bitcoin

KYC, AML and Bitcoin

While a good number of Bitcoin exchanges have popped up in different spots around the world over the past few years, the reality is that certain jurisdictions are making things harder on Bitcoin entrepreneurs than others. Any exchange is going to have to operate within the legal guidelines of their local country if they wish to operate without fear of being shut down, but one of the main problems with that rule of thumb is that the legal landscape is still being put together when it comes to Bitcoin.

Continue reading KYC, AML and Bitcoin at CEX.IO Official Blog.