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The number of businesses accepting bitcoin continues to increase. In January 2017, NHK reported the number of online stores accepting bitcoin in Japan had increased 4.6 times over the past year.[113] BitPay CEO Stephen Pair declared the company’s transaction rate grew 3× from January 2016 to February 2017, and explained usage of bitcoin is growing in B2B supply chain payments.[114]
Some investors have jumped on the Bitcoin bandwagon in order to potentially profit from rising values. Such an investment could be considered highly speculative and while it may have the potential for profits, it also comes with the risk of loss.
The Bitcoin network could still be in its early stages, but it is unclear if it will ever reach the degree of popularity that some believe it will. Bitcoin has only be around for a few years now, and with a short history some potential investors and users may steer clear until the network has become more established in mainstream commerce.
In summary, FinCEN’s decision would require bitcoin exchanges where bitcoins are traded for traditional currencies to disclose large transactions and suspicious activity, comply with money laundering regulations, and collect information about their customers as traditional financial institutions are required to do.[53][176][177]
In a March 2014 article in Newsweek, journalist Leah McGrath Goodman doxed Dorian S. Nakamoto of Temple City, California, saying that Satoshi Nakamoto is the man’s birth name. Her methods and conclusion drew widespread criticism.[168][169]
Bitcoin does come with some potential disadvantages. The value of a unit of the digital currency can potentially fluctuate wildly, and this can leave an owner of bitcoins unsure of the value of their holdings.
Rapidly growing Bitcoin investment from China steadily drives prices higher and higher, reaching a peak on November 29th. Subject to strict controls concerning the movement of money across the country’s borders, Chinese citizens embrace the freedom provided by Bitcoin with open arms, seeking an alternative to the state’s inflating official currency, the Renminbi. The origin of mainstream Chinese interest in Bitcoin is largely credited to Jet Li’s One Foundation, which publicized a Bitcoin address for donations in the wake of the April 20th, 2013 Lushan earthquake and received over 230 BTC in just two days, covered widely in the national media.
The release of Bitcoin XT culminated fears that the Bitcoin community may not be able to reach a consensus on the issue, and the blockchain may hard fork, resulting in two separate versions of Bitcoin’s global ledger.
^ a b Cutler, Kim-Mai (3 April 2013). “Another Bitcoin Wallet Service, Instawallet, Suffers Attack, Shuts Down Until Further Notice”. TechCrunch. Archived from the original on 2014-03-31. Retrieved 12 April 2013.
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, “bitcoin’s fate in Thailand may give the electronic currency more credibility in some circles”, but he was concerned it didn’t bode well for bitcoin in China.[61]
The release of Bitcoin version 0.3 is featured on slashdot.org, a popular news and technology website. Reaching a large audience of technophiles, the article brings many newly-interested people on board, driving the exchange value of a single bitcoin up nearly tenfold, from approximately $0.008 to $0.08 in just five days.
Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.
The new platform will operate like a traditional exchange: customers can deposit funds, place asks and bids on an order book, and will be charged a small percentage fee on executed trades. The exchange platform is to remain separate from their Bitcoin outlet operation, which in contrast, allows customers to buy and sell Bitcoins directly from Coinbase.

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