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79 Several news outlets have asserted that the popularity of bitcoins hinges on the ability to use them to purchase illegal goods. 227 On 5 December 2013, the People's Bank of China announced in a press release regarding bitcoin regulation that whilst individuals in China are permitted to freely trade and exchange bitcoins as a commodity, it is prohibited for Chinese financial banks to operate using bitcoins. "An Illustrated History Of Bitcoin Crashes". (in English) Coindesk Bitcoin Price Index Chart Archived May 12, 2014, at the Wayback Machine. Archived from the original on Retrieved 16 November 2015.

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Janus Kopfstein (12 December 2013). Fast Company' s investigation brought up circumstantial evidence linking an encryption patent application filed by Neal King, Vladimir Oksman and Charles Bry on, and the bitcoin.

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"Barclays backs 'social payments app' Circle as it launches in UK". (in English) Laszlo's pizza for 76,880 Archived t the Wayback Machine. 110 Financial institutions Bitcoins can be bought on digital currency exchanges. 100 As of August 2015 it was estimated that 160,000 merchants accept bitcoin payments.

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Retrieved (paywalled) Fung, Brian (May 21, 2018). "Cryptocurrency scams are just straight-up trolling at this point".

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39 40 One early altcoin was Litecoin, which began in October, 2011. "Major glitch in Bitcoin network sparks sell-off; price temporarily falls 23". Archived from the original on Retrieved m Serwer Dana Liebelson.

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For example, in 2013 one user claimed to have lost 7,500 bitcoins, worth.5 million at the time, when he accidentally discarded a hard drive containing his private key. Gox Support Archived June 20, 2011, at WebCite Chirgwin, Richard. "Pirateat40" Makes Off.6M USD in BitCoins From Pyramid Scheme". Retrieved 26 February 2014.