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      "title": "South Korean Court Rules Bitcoin Has Economic Value",
      "body": "<html>\n<p><strong>Bitcoin’s Status Re-Examined</strong></p>\n<p>The Suwon District Court in South Korea has, for the first time, recognized that bitcoin has an economic value and can be confiscated, local media reported on Tuesday.&nbsp;</p>\n<p><img src=\"https://news.bitcoin.com/wp-content/uploads/2018/01/shutterstock_766661518-300x200.jpg\" width=\"300\" height=\"200\"/></p>\n<p>&nbsp;The ruling concerns the case involving Ahn who was arrested in May of last year and convicted of operating an illegal pornography site with approximately 1.2 million members. Ahn pocketed 1.9 billion won (~USD$1.78 million) in membership fees. While arresting him, the Southern Gyeonggi Provincial Police Agency confiscated his 216 bitcoins from an online wallet which received some fees from the site.In September of last year, the court did not recognize bitcoin and ruled that it could not be confiscated, as news.Bitcoin.com previously <a href=\"https://news.bitcoin.com/korean-court-rules-bitcoin-cannot-confiscated/\">reported</a>. An official from the court explained that they did not judge bitcoin to have any economic value because it is “in the form of electronic files without physical entities, unlike cash.”&nbsp;</p>\n<h2>Landmark Court Ruling on Bitcoin</h2>\n<p>Following the first ruling, the prosecutor <a href=\"https://news.bitcoin.com/south-korean-prosecutor-confiscate-bitcoins-criminal-proceeds/\">appealed</a> in December to the court for the ability to confiscate bitcoins. The second hearing was held recently.In the second hearing, the court found that “The crime profit concealment law does not restrict the criminal income to the goods but the cash, the deposit, the stock, and other property with economic value,” Chosun reported and further quoted the court explaining:</p>\n<blockquote><em>Bitcoin can be changed into money through an exchange. It can be used as a means of payment through merchants, so it should be regarded as having economic value.</em></blockquote>\n<p>The court subsequently ruled that “Among the 216 bitcoins confiscated by the prosecution, Ahn’s 191 bitcoins” were traced to email addresses of the pornography site members, so they are “recognized as criminal proceeds from the operation of the site.”Since Ahn’s arrest in April, the price of bitcoin has risen significantly. The 191 bitcoins are worth approximately 2.13 billion won (~$2 million) at the time of this writing based on bitcoin’s price on Bithumb, one of the country’s largest cryptocurrency exchanges.Maekyung quoted a lawyer explaining:</p>\n<blockquote><em>The recognition of virtual currency as an object of forfeiture means that it will be transferred to the national treasury and used as a national budget.</em></blockquote>\n</html>",
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      "title": "South Korean Card Companies Block Transactions to Overseas Cryptocurrency Exchanges",
      "body": "<html>\n<p>&nbsp;South Korean card companies are reportedly working on blocking payments to overseas cryptocurrency exchanges. Currently, 20 major crypto exchanges are blocked but that number is expected to increase, according to the Korean Credit Finance Association.&nbsp;</p>\n<p>&nbsp;South Korean card companies have been working on blocking payments to overseas cryptocurrency exchanges, local media reported the Credit Finance Association of Korea revealing.The association is a non-profit organization with 68 members: 8 credit card companies, 21 leasing companies, 21 installment financing companies, and 18 venture capital companies.&nbsp;An official of the association was quoted by Yonhap last week:</p>\n<blockquote><em>Credit [card] companies are voluntarily blocking payments to overseas virtual currency exchanges.</em></blockquote>\n<p>“We will continue to prevent transactions from being carried out if a foreign [cryptocurrency] exchange is registered as a merchant,” the news outlet further quoted the association.</p>\n<h2>8 Card Companies Onboard</h2>\n<p>The association explained that “eight domestic credit card companies are in the process of suspending credit / check card transactions so that they [users] cannot buy virtual currency at overseas virtual currency exchanges with domestic cards,” the publication noted.There are exactly 8 members of the association that are card companies: BC Card, Hyundai Card, KB Kookmin Card, KEB Hana Card, Lotte Card, Samsung Card, Shinhan Card, and Woori Card.Business Korea <a href=\"http://www.businesskorea.co.kr/english/news/money/20342-amid-concerns-over-customers%E2%80%99-opposition-skorean-card-firms-block-payments-foreign\">quoted</a> the association on Monday:</p>\n<blockquote><em>Currently, only 20 major digital currency exchanges are blocked but we will confirm and share information about exchanges grasped by individual card issuers. An increasing number of exchanges will be continuously blocked in the future.</em></blockquote>\n<p>The news outlet also quoted industry sources clarifying, “Lotte Card and Shinhan Card have introduced systems blocking transactions by investors for the purchase of digital tokens from 20 overseas virtual currency exchanges using either debit or credit cards.” Woori Card reportedly did the same on January 18 while other card issuers, including Kookmin Card, are planning to complete the blockade by the end of this week.However, the publication noted that there is a growing controversy over how effective this method to prevent investors from using overseas exchanges is, citing that “investors can purchase digital currencies through foreign simple payment systems, including Paypal.”Last month, some Korean card companies discontinued their credit card points-to-cryptocurrency conversion services. Shinhan Card and KB Kookmin Card have discontinued their service to convert card points to bitcoin, as news.Bitcoin.com previously <a href=\"https://news.bitcoin.com/korean-banks-bitcoin-point-swap-services/\">reported</a>.&nbsp;</p>\n</html>",
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      "body": "Congratulations @aazibgilani! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@aazibgilani) You got a First Vote\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "title": "Bitcoin.com Launches Bitcoin Cash Notary Service",
      "body": "<html>\n<p>&nbsp;<strong>Back in April of 2017</strong> <a href=\"http://bitcoin.com/\"><strong>Bitcoin.com</strong></a> <strong>launched a notary service that was based on&nbsp;top of the bitcoin core (BTC) blockchain. However, due to the transaction bottleneck and extremely high fees, the notary service became unsustainable. Now</strong> <a href=\"http://bitcoin.com/\"><strong>Bitcoin.com</strong></a> <strong>has re-launched the notary using the bitcoin cash (BCH) blockchain, and anyone in the world can prove ownership for only 0.0005 BCH (about $0.97).</strong><em><strong>Also read:</strong></em> <a href=\"https://news.bitcoin.com/lots-of-optimism-at-the-miami-bitcoin-conference-this-week/\"><em>Lots of Optimism at the Miami Bitcoin Conference This Week</em></a></p>\n<h2>Verify Essential Documents Using the Bitcoin Cash Blockchain</h2>\n<p>This week <a href=\"http://bitcoin.com/\">Bitcoin.com</a> has re-launched the <a href=\"https://notary.bitcoin.com/\">blockchain-based notary service</a> that was once tethered to the bitcoin core blockchain. Unfortunately, the service did not work correctly because of transaction backlog, and high&nbsp;<a href=\"https://news.bitcoin.com/bitcoin-fees-have-become-infeasible/\">network fees</a> to verify documents. Now the infrastructure is tied to the <a href=\"https://www.bitcoincash.org/\">bitcoin cash</a> blockchain making document verification extremely cheap, and fees are practically non-existent. Right now a user can <a href=\"https://notary.bitcoin.com/\">upload a document</a> for only 0.0005 BCH ($0.97), and the network transaction fee is less than a penny. (It’s important to note that records don’t actually “exist” on the chain per say, it is merely timestamped encrypted data that is tied to the file that’s processed into a valid BCH transaction.) Not only that but the proof will be verified in less than ten minutes, and you can rest assure the notarization service will be validated.&nbsp;</p>\n<p><img src=\"https://news.bitcoin.com/wp-content/uploads/2018/01/hhhakkdhh.jpg\" width=\"1200\" height=\"400\"/></p>\n<p>&nbsp;For thousands of years, people used third-party sources and notaries to verify essential documents like wills, contracts, birth certificates, and deeds. Governments also operate services that offer endorsement through its own notarization entities. Now with the existence of blockchain technology, individuals and organizations can use a more autonomous tool like the BCH chain to certify a file or document. When a person utilizes the <a href=\"https://notary.bitcoin.com/\">Bitcoin.com notary service</a> the file is signed into the bitcoin cash blockchain forever.</p>\n<p>&nbsp;<em><strong>You control your own information — your document’s contents are not stored in the blockchain or ever exposed. Prove your document existed by comparing the blockchain entry of your document’s cryptographic digest to your actual document (if and when the need arises).</strong></em>&nbsp;</p>\n<p><img src=\"https://news.bitcoin.com/wp-content/uploads/2018/01/transations-696x406.jpg\" width=\"696\" height=\"406\"/></p>\n<p>&nbsp;Using the notary service is easy, and all a person has to do is add a file by dragging it into the browser or using the file selector. Then you fund the anchor by sending BCH to the provided bitcoin cash address. Finally, after its confirmed, it will be signed into the BCH chain alongside a unique address and timestamp. Furthermore, users can also see the proof on the blockchain by checking the transaction on any bitcoin cash-based block explorer.</p>\n<p>At <a href=\"http://bitcoin.com/\">Bitcoin.com</a> we believe in decentralization, and the need for third parties can be disrupted by the power of Satoshi Nakamoto’s vision. A genuine peer-to-peer electronic cash can do wonderful things, and one of the many great concepts using transactions is also verifying important documents without the need for governments, banks, or corporate entities just like Satoshi intended.&nbsp;</p>\n</html>",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitcoinist.com/gamers-rejoice-top-steam-account-using-bitcoin/",
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      "title": "Top Up Your Steam Account Using Bitcoin",
      "body": "<html>\n<p><strong>Gamers can now begin having marathon gaming sessions again as Bitrefill is now allowing gamers to buy Steam vouchers with Bitcoin and Litecoin.</strong>With the <a href=\"http://ift.tt/2BQx3Po\">recent news</a> that the Steam games platform would no longer be accepting Bitcoin as a payment option, many gamers erupted into rage over the decision by Valve. However, Valve did say that the use of Bitcoin as a payment option had become “untenable” for them.Yet it’s always darkest before the dawn, and a new hope has emerged to keep gaming addicts comfortably ensconced in front of their TVs and monitors. Fans of the Steam platform can now buy globally redeemable vouchers from <a href=\"http://ift.tt/2yVS8IB\">Bitrefill using Bitcoin</a>.&nbsp;The vouchers are denominated in EUR but the company promises that the vouchers can be used globally. The announcement was made on the <a href=\"http://ift.tt/2nJNauU\">Bitrefill blog</a>, which&nbsp;reads:</p>\n<blockquote><em>We’re happy to announce that you can now again pay for your Steam gaming with Bitcoin–buying Steam vouchers directly through Bitrefill! The vouchers are denominated in Euros (€) and are valid all over the world — the voucher amount will instantly be converted to the currency on your Steam account.</em></blockquote>\n<h3>Steam Gaming Platform</h3>\n<p>Steam’s game platform dominates the gaming world, selling digital keys for games and other software. They have also diversified into the hardware field as well when they launched their own gampad and Linux-based SteamOS console. Their support for Bitcoin, as few other retailers had accepted it, was widely seen as a boon for the cryptocurrency when they announced they would be begin accepting it as payment&nbsp;<a href=\"http://ift.tt/2sZCVTU\">in 2016</a>.Steam’s decision to withdraw Bitcoin payment was announced earlier in the week as Bitcoin’s price moves were, within hours, rising or falling by thousands of dollars. Such volatility in a currency is hard to accept from a business as a certain small profit could easily turn into a significant loss within minutes. It should be noted, though, that Steam added in their statement that they were not ruling out using Bitcoin as a payment option in the future.</p>\n<h3>Game On!</h3>\n<blockquote><a href=\"https://twitter.com/SatoshiLite\">Charlie Lee [LTC]<strong>✔</strong>@SatoshiLite</a>You can now buy Steam vouchers with LTC! Thanks <a href=\"https://twitter.com/bitrefill\">@bitrefill</a> for supporting Litecoin! <a href=\"https://t.co/U2C1Nd5wck\">https://blog.bitrefill.com/buy-steam-vouchers-using-bitcoin-28f6124e6c81&nbsp;…</a><a href=\"https://twitter.com/SatoshiLite/status/939179676110536704\">11:07 AM - Dec 8, 2017</a><a href=\"https://t.co/U2C1Nd5wck\">Buy Steam Vouchers with crypto – Bitrefill Blog</a><br>\n<a href=\"https://t.co/U2C1Nd5wck\">There’s still a way to buy games with cryptocurrency!blog.bitrefill.com</a></blockquote>\n<p>For those looking to use the new vouchers, they are available for purchase from Bitrefill in denominations from 5 – 100 Euros. Payment can be made from your wallet of choice, including Xapo and Coinbase.<em><strong>Are you on the Steam games platform? Have you purchased with Bitcoin before? Will you now use Bitrefills vouchers? Let us know in the comments below.</strong></em>&nbsp;</p>\n</html>",
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