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Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted at UK pub, extra perks offered

Akash Anand

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Bitcoin [BTC] and Bitcoin Cash [BCH] to be accepted at UK pub, extra perks offered
Source: Unsplash

The mass adoption of cryptocurrencies is taking a new step with latest reports stating that Bitcoin [BTC] and Bitcoin Cash [BCH] will be accepted at a popular pub in the United Kingdom.

BrewDog Canary Wharf, which is set to open towards the end of October 2018, released a statement to confirm that they will be accepting Bitcoin and Bitcoin Cash for their products, mainly beer. The company has also stated that the first hundred customers will be given the added bonus of a cryptocurrency wallet top up. The company said:

“To celebrate, the first 100 people through the doors will score a Bitcoin Cash wallet loaded with anywhere from £12 to £100!”

This is not the first time that Bitcoin will be used to buy beer, a feat that was earlier achieved by a bar in Berlin called ROOM77.

The rapid adoption of cryptocurrency in the United Kingdom comes in the wake after Margot James, the Digital Minister of State for DCMS, spoke about Theresa May–led government’s stance on blockchain technology and its use cases. James cited the example of UK’s Financial Conduct Authority [FCA] that had an eye on blockchain technology.



She stated that the regulatory body had incorporated a security mechanism wherein they proceed to test products and services in a live market set up with relevant “safeguards” in place. The “safeguards” mentioned by the government official was further emphasized on by James when she praised its applications across the world. Margot James added:

“Across the first two cohorts of companies supported by this process, the most popular technology employed has been blockchain.”

The UK’s relationship with digital assets has been a tumultuous one, which was made evident when the country’s Treasury Committee published a report that talked about the steps that needed to be taken by cryptocurrency investors and enthusiasts. The report stated:

“The Committee is aware of the establishment of self-regulating bodies in the crypto-asset industry such as Crypto UK, which set out codes of conduct and best practice for the industry. However, as these standards are wholly voluntary, there are inevitably firms ignoring them.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Bitcoin

Bitcoin [BTC]: Binance’s CZ and Ryan Selkis try to predict BTC’s maximum value in the future

Akash Anand

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Bitcoin [BTC]: Binance's CZ and Ryan Selkis tries to predict BTC's maximum value in the future
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency has seen a surge in popularity again after the recent price increase. This movement was also helped by comments and suggestions from proponents and luminaries in the field of digital assets.

A recent tweet had asked Twitter users interested in cryptocurrencies about the “maximum reasonable price that Bitcoin can achieve in the reasonable future”, something which gained a lot of traction after the involvement of famous personalities like Changpeng Zhao and Ryan Selkis.

CZ, the Chief Executive Officer [CEO] of Binance, the world’s largest cryptocurrency exchange, answered the question by stating:

“There is no such a thing as Max price for $btc.”

He was also asked:

“Do you mean potentially infinitely high price of BTC or that in the near future goods and services will be priced in BTC and it won’t make sense to correlate it with USD?”

CZ’s reply was to the point when he claimed that there was no such thing as maximum inflation for fiat, a statement that a lot of people agreed with.



Ryan Selkis, the Founder of Messari had another opinion to the original question. He said,

“After $250k / BTC the dollar’s reserve status will be in jeopardy, so all bets are off.”

CZ and Selkis were not the first individuals to predict such positive movement as many in the past have predicted Bitcoin to reach heights of even $1 million per Bitcoin. At the time of writing, Bitcoin was trading at $7,967.54, with a total market cap of $14.21 billion. The 24-hour trading volume of the cryptocurrency was $21.04 billion, while the currency was holding a steady 0.45 percent increase in its value over the hour.





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