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The UN Wants to Adopt Bitcoin And Ethereum

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The UN Wants to Adopt Bitcoin And Ethereum – And Soon Michael del Castillo The United Nations (UN) is in the final stages of what could be one of the most epic blockchain projects of all time. After successfully using the ethereum blockchain to  transmit  Pakistani rupees to 100 people earlier this year, the UN's World Food Program (WFP) is arranging extra security to ensure it safely executes the next stage of its work. A pilot test, scheduled to begin in Jordan on 1st May, will see the WFP sending an unspecified number of rupees to more than 10,000 recipients in need of financial support and extra food, with the goal of expanding the number of recipients to 500,000 people by 2018. To protect the privacy of the recipients, the exact amount to be dispersed is not being revealed. But the technology being developed is part of an even bigger push to make the UN's services so resilient that they could survive even the destruction o...
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Current News on Digital Currency

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Charts: Bitcoin's Golden Price Streak Comes to a Close FEATURE Bitcoin turned heads this month when its value exceeded the price of gold, but just weeks later, the digital asset has fallen off the pace. The digital currency  surpassed  the per-spot ounce price of gold on 2nd March, when it traded for $1,238 and gold was listed at $1,237 on the XAU/USD spot exchange rate provided by  Bloomberg Markets . The event marked the  second time  in history bitcoin was worth more than gold. This time round, bitcoin was trading high amid optimism that the SEC could soon approve a bitcoin ETF for retail investors. Still, bitcoin didn't enjoy this superior position for long. According to the  CoinDesk Bitcoin Price Index  (BPI), prices have fallen sharply since the  eventual rejection  – a trend that continued amid uncertainty about the future of its  technical roadmap . Days of glory Ov...
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Federal Agents Raid Home of Arizona Bitcoin Trader

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Federal Agents Raid Home of Arizona Bitcoin Trader Stan Higgins A bitcoin advocate and trader based in Arizona was arrested last week by federal authorities, according to local reports. Reports from websites include  Freedom’s  Phoenix  and  Phoenix New Times  indicate that Thomas Costanzo was arrested on 20th April for unlawful possession of ammunition stemming from a prior conviction. The arrest resulted from a home raid led by the US Department of Homeland Security. Yet warrant documents obtained by Freedom’s Phoenix suggest that authorities are investigating other aspects of Costanzo’s activities, including his use or sale of digital currencies including bitcoin, ethereum and dash. Costanzo, who uses the moniker " Morpheus Titania " online, operates a  bitcoin-centered website  that was updated as of 3rd April. According to the site, Costanzo has been a full-time bitcoin trader for the past three years, while also...
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The Biggest US Health Insurer is Hiring a Blockchain Director

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The Biggest US Health Insurer is Hiring a Blockchain Director Stan Higgins The largest US-based health insurer is looking to hire a new point person on blockchain development. UnitedHealth is seeking a "director of blockchain platforms and applications development", according to  a job posting  earlier this month. The hire would work for Optum, an IT-focused subsidiary of the insurer. It’s the first indication that UnitedHealth – the biggest of its kind in the US and number six on the  Fortune 500  list – is looking at blockchain. Though UnitedHealth is far from alone amongst the world’s insurers, its market share and size represents a notable entry into the space among players in that industry. While the posting is short on details about any specific projects being undertaken (the “platform” element of the title hints at possible approaches), a small statement included indicates that the insurer is looking to make some kind of blockchain play...
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Agent Accused of Stealing Seized Bitcoins

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Indian Narcotics Agent Accused of Stealing Seized Bitcoins Reports are emerging that an agent for an Indian law enforcement agency has been arrested for stealing bitcoins tied to a drug bust. According to the  Times of India , an officer for the Indian Narcotics Control Bureau (NCB) is alleged to helped steal more than 400 bitcoins originally confiscated during a 2015 seizure. Specifically, investigator Satyendra Kumar Singh is said to have been accused of unfreezing those funds at the behest of one of those arrested. The media source claimed that it was the first such case in India – though the cryptocurrency world is  no stranger  to rogue agents siphoning bitcoins obtained during criminal investigations. The NCB reportedly alleged that Singh consulted with Deepak Manguikya, one of the accused drug dealers, after he was released on bail in 2016. In July 2016, Singh then helped Manguikya forge documents which would allow ...
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