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Could Gaming Be The Key To Cryptocurrency Mass Adoption?

bitcoinist | 08-19-2018

There are currently thousands of cryptocurrency and blockchain projects racing to design a product in their respective sectors that will have real-world use cases and the potential to achieve mass adoption. Could gaming become the means by which these important technologies diffuse into society and everyday life?  Gaming: A Brief ‘Then and Now’ Gaming has changed drastically over the course of my 30-year-old life. I’m not really talking about the graphics or storylines, but moreRead MoreThe post Could Gaming Be The Key To Cryptocurrency Mass Adoption? appeared first on Bitcoinist.com.

Categories: Blockchain
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Half Of Remaining Unmined Bitcoin ‘Already Spoken For’ – CoinShares CEO

bitcoinist | 08-19-2018

UK cryptocurrency investment products and research firm CoinShares’ has called for Bitcoin to get a “new narrative” to drive consumer interest and lift prices to new highs. Bitcoin To Pull An Amazon? In a series of tweets and a Medium post August 17, CEO Ryan Radloff explained how Bitcoin could follow in the footsteps of companies such as Amazon and Microsoft, whose shares deflated in the year 2000 then exploded to new heights over aRead MoreThe post Half Of Remaining Unmined Bitcoin ‘Already Spoken For’ – CoinShares CEO appeared first on Bitcoinist.com.

Categories: BTC|Market
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Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate

bitcoinist | 08-19-2018

On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent.  Amid immense political and economic turmoil in the South American nation, Venezuelan President Nicolas Maduro recently proclaimed a variety of economic overhauls during a speech broadcast on state television. The socialist leaderRead MoreThe post Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate appeared first on Bitcoinist.com.

Categories: Regulation|Exchange|Commodity
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Bitcoin Price Analysis: Welcome to ‘Bitcoin Purgatory’

bitcoinist | 08-19-2018

Bitcoin seemed on the verge of a breakout above $6,650 but a failed third attempt, followed by a lack of buying interest has given bears an opportunity to snatch back control and it looks like BTC has dropped a shelf for a bit of sideways trading in the $6,200 – $6,400 range. Bitcoin Price Market Overview Earlier this week on CNBC Fast Money, host Melissa Lee described the narrow channel between $6k and $7k asRead MoreThe post Bitcoin Price Analysis: Welcome to ‘Bitcoin Purgatory’ appeared first on Bitcoinist.com.

Categories: BTC|Trading|Market
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UK Cryptocurrency Startups Suffer Dwindling Fortunes Amidst Market Decline

bitcoinist | 08-19-2018

Cryptocurrency startups in the United Kingdom are struggling in 2018. The fringe benefits that came with changing a company’s name to reflect an interest in blockchain technology seems to have all but disappeared. “Cryptomania” is at its Lowest Ebb In the last months of 2017, cryptomania gripped large swaths of the global business scene. With ICOs raking in hundreds of millions of dollars and cryptocurrencies reaching new all-time highs, the emerging market became the focusRead MoreThe post UK Cryptocurrency Startups Suffer Dwindling Fortunes Amidst Market Decline appeared first on Bitcoinist.com.

Categories: Market|ICO|Blockchain|Technology|Business
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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars

bitcoinist | 08-19-2018

Venezuela’s currency the Bolivar Fuerte jumped to 9.2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off its value. Redenomination Looms As reported by cryptocurrency commentators including Purse.io support head Eduardo Gomez, the bolivar traded unofficially at around 6.7 million VEF per 1 USD August 17, before suddenly depreciating rapidly to 9.2 million. “Yesterday 1 bitcoin was worth 44 billion bolivars, nowRead MoreThe post Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars appeared first on Bitcoinist.com.

Categories: BTC|Fiat
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Cryptocurrency Miners Ignore the Bitcoin Price Fall, Focus on Expansion Instead

bitcoinist | 08-18-2018

The recent decline in cryptocurrency prices has cast a shadow on several aspects of the digital currencies space. However, one area where this bearish outlook has not extended to is cryptocurrency mining.  The Hash Factor is an Indicator According to a report from Bloomberg, bitcoin mining has remained profitable for some miners who have improved their investments and efficiencies in the space — even against the continued bitcoin price drops. One of the indicators ofRead MoreThe post Cryptocurrency Miners Ignore the Bitcoin Price Fall, Focus on Expansion Instead appeared first on Bitcoinist.com.

Categories: BTC|Trading|Mining|Market
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No More Coinbase and BitPay: Process Your Own Bitcoin Payments for $6 a Month

bitcoinist | 08-18-2018

Merchants can now use a Bitcoin full node to process their own payments via the BTCPay server for under $6 a month — with or without Lightning Network functionality.  Removing Microsoft Azure Reliance A guide to the solution from creator and Bitcoin developer Nicolas Dorier published August 18 explains how merchants who want to accept payments without banking formalities can now do so entirely independently. A secondary issue, obligatory use of Microsoft Azure, has alsoRead MoreThe post No More Coinbase and BitPay: Process Your Own Bitcoin Payments for $6 a Month appeared first on Bitcoinist.com.

Categories: BTC
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Halve The Reward, Halve The Price? New Chart Forecasts $3K BTC By 2020

bitcoinist | 08-18-2018

Bitcoin price (BTC) could continue dropping for the next two years, a new forecast which takes into account the possible effect of the next block reward halving has revealed. The Halving Factor To Hit Bitcoin? Uploaded to Twitter August 13, the chart, which “factors in” Bitcoin’s third halving in May 2020 suppressing prices, shows BTC/USD ‘bottoming’ at $3000 just before the event. The trend would continue three previous cycles in Bitcoin , the cryptocurrency nowRead MoreThe post Halve The Reward, Halve The Price? New Chart Forecasts $3K BTC By 2020 appeared first on Bitcoinist.com.

Categories: BTC|Mining|Trading|Market
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4 Founders Reveal Secrets Behind Wildly Successful ICOs

bitcoinist | 08-18-2018

ICOs can be daunting to execute, so it’s best to learn from founders that have been there, done that.  [Note: This is a guest article submitted by Eugene Cheng] Launching an ICO is a Daunting Process We spoke to 4 founders that have run successful ICOs about what they deem to be important when launching ICOs, how to best go about approaching such a gargantuan task and some of the issues they encountered when doing so.Read MoreThe post 4 Founders Reveal Secrets Behind Wildly Successful ICOs appeared first on Bitcoinist.com.

Categories: ICO|Blockchain|Altcoin
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Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings

bitcoinist | 08-18-2018

Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. The recent bear market has caused demand for GPUs to dwindle, leaving Nvidia to readjust its strategy. Nvidia In Its Heyday It seems Nvidia is throwing in the towel on the development and production of its cryptocurrency mining focused graphics cards and chips. Nvidia hasRead MoreThe post Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings appeared first on Bitcoinist.com.

Categories: Mining|Market|Trading
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1.2 Million Canadians Introduced to No-Fee Crypto Trading

bitcoinist | 08-18-2018

Canadian Coinberry and Swiss-based BRD announced a partnership, which is set to introduce 1.2 million BRD customers to crypto trading. New Crypto Trading Platforms Streaming Into the Market Trading bitcoins and other cryptocurrencies continues to attract investors. For instance, despite a bear market, cryptocurrency trading platforms are still being added to the market. On August 15, 2018, Coinberry and BRD announced a partnership “which will introduce 1.2 million BRD customers to the Canadian crypto tradingRead MoreThe post 1.2 Million Canadians Introduced to No-Fee Crypto Trading appeared first on Bitcoinist.com.

Categories: Trading|Market|BTC|ETH|Asia
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Coinbase Wins Patent to Protect a Secure Bitcoin Payments System

bitcoinist | 08-18-2018

The largest US-based cryptocurrency exchange has made another move towards providing a secure environment for digital currency trading. Identifying the Present Issues In a filing issued August 14, the US Patent and Trademark Office has granted protection for a secure Bitcoin payment system to Coinbase. The system itself paves the way for users to pay directly with bitcoin through their wallet, without having to worry about the security of their private key. The patent alsoRead MoreThe post Coinbase Wins Patent to Protect a Secure Bitcoin Payments System appeared first on Bitcoinist.com.

Categories: BTC|Exchange|Trading
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Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price

bitcoinist | 08-17-2018

The next Bitcoin block reward halving event could prove to be a watershed moment for its price, according to data currently circulating around social media. $10 Million By 2023? A summary of Bitcoin’s price at the first two block halvings uploaded to Reddit by Telegram news channel What’s On Crypto notes that Bitcoin prices increased by orders of magnitude in each period. At the first halving on November 28, 2012, BTC/USD traded around $12. ByRead MoreThe post Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price appeared first on Bitcoinist.com.

Categories: BTC|Trading|Mining|Market
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Bitcoin’s Non-Correlation Shows Risk of Diversifying Cryptocurrencies

bitcoinist | 08-17-2018

The belief that cryptocurrencies have a correlation to traditional markets may be leading amateur investors down the wrong path putting their portfolio at risk. Cryptocurrency Not Inversely Correlated to Larger Markets There’s been plenty of discussion on whether Bitcoin and other cryptocurrencies are correlated to commodities and larger financial markets. And while there is yet to be a definitive answer to this question, it is clear that cryptocurrencies tend to follow their own path. PlentyRead MoreThe post Bitcoin’s Non-Correlation Shows Risk of Diversifying Cryptocurrencies appeared first on Bitcoinist.com.

Categories: Market|BTC|Altcoin|Business|Commodity
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Waiting Game: 60 Percent of Top 100 Cryptos Have No ‘Working Product’

bitcoinist | 08-17-2018

Around 40 of the top 100 cryptocurrency tokens by market cap support a “working product” which is “active and available to the public,” new research this week finds.  Promises, Promises The results of investigations by cryptocurrency education resource Invest in Blockchain conclude that the multitude of projects that launched coins in recent times often remain on the drawing board regarding real-world use cases. “…We evaluated each project’s status, looked at its roadmap, checked its release history,Read MoreThe post Waiting Game: 60 Percent of Top 100 Cryptos Have No ‘Working Product’ appeared first on Bitcoinist.com.

Categories: ICO|Blockchain|Altcoin|Market
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California Federal Court Allows Bail to Be Paid in Bitcoin

bitcoinist | 08-17-2018

A US Federal Court in California has allowed a defendant to pay his bail fees in Bitcoin, local news media reported August 15 in what sources say is not a first-time use case for the cryptocurrency. Attorney: Objective Is ‘Compliance’ According to Palo Alto-based Daily Post, this week a federal judge allowed Martin Marsich, who faced charges of hacking into a local video game company, to pay his $750,000 bail in “Bitcoin or any cryptocurrency.”Read MoreThe post California Federal Court Allows Bail to Be Paid in Bitcoin appeared first on Bitcoinist.com.

Categories: BTC|Altcoin
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Bitcoin is Seeing More Transaction Volume Than Gold

bitcoinist | 08-17-2018

Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017. Bitcoin Showing More Utility Than Gold Bitcoin is on track to clear more transaction volume than the global gold markets. Bitcoin has been clearing more tx volume than global gold markets since early 2017. BTC: on pace to process $1.1 trillion in 2018 transactionsGold: on pace to process $0.4 trillion in 2018 transactions Sources: https://t.co/eVqQiq56gv for BTChttps://t.co/zqh4eykqNbRead MoreThe post Bitcoin is Seeing More Transaction Volume Than Gold appeared first on Bitcoinist.com.

Categories: BTC|Fiat|Market
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Japan’s Biggest Social Network LINE Launches $10M Blockchain Investment Fund

bitcoinist | 08-17-2018

Yet another blockchain investment fund is set to launch in South Korea. Messaging giant Line furthers its foray into the field of cryptocurrencies and is dedicated to streamlining early-stage startup investments with a $10 million fund. Additionally, the company announced the successful listing of TRON to its cryptocurrency exchange. South Korea Sees Serious Investments in Blockchain Line, the Japanese messaging company harboring over 200 million users announced August 15, that is set to launch aRead MoreThe post Japan’s Biggest Social Network LINE Launches $10M Blockchain Investment Fund appeared first on Bitcoinist.com.

Categories: Blockchain|Asia|TRX|Exchange|Altcoin
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Forget Satoshi, Bitcoin is Fulfilling PayPal’s Original Vision

bitcoinist | 08-17-2018

PayPal has come in for fresh criticism as commentators renew claims the company has all but failed in its mission to transform money usage. PayPal Slips Up In Turkey In an interview with the Wall Street Journal earlier this year, CFO John Rainey had admitted Bitcoin and cryptocurrency could become “as popular as payments” in future. Now, amid reports of fresh account freezes in order to bend to regulatory demands in some jurisdictions, cryptocurrency industryRead MoreThe post Forget Satoshi, Bitcoin is Fulfilling PayPal’s Original Vision appeared first on Bitcoinist.com.

Categories: BTC
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Pantera Capital Hints At Giant $175M Venture Fund For ‘Fast-Moving’ Crypto Space

bitcoinist | 08-16-2018

Cryptocurrency investment stalwart Pantera Capital has raised over $70 million for a new venture fund which could become its biggest yet if it raises its intended goal. An Order Of Magnitude Larger An SEC filing issued August 15 confirms 90 investors have contributed $71,500,000 to the new project, with partner Paul Veradittakit telling TechCrunch as much as $175 million could ultimately flow in. According to Veradittakit, the figures are a “function of how fast theRead MoreThe post Pantera Capital Hints At Giant $175M Venture Fund For ‘Fast-Moving’ Crypto Space appeared first on Bitcoinist.com.

Categories: Blockchain|BTC|ICO|Regulation|Business
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Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS

bitcoinist | 08-16-2018

ConsenSys found and Ethereum co-founder Joseph Lubin told mainstream media that Ripple “isn’t a Blockchain technology” August 14, confirming it “isn’t a competitor” for Ethereum. Lubin: Ripple ‘Isn’t Really A Blockchain’ Speaking to Bloomberg about the current state of the cryptocurrency market and Ethereum development, Lubin delivered an interesting take on two of the industry’s biggest names. Asked about what would happen if “other protocols which trade speed or decentrazliation for security” gain favor inRead MoreThe post Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS appeared first on Bitcoinist.com.

Categories: XRP|ETH|Blockchain|Market|Altcoin
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AT&T Faces $224 Million Lawsuit Over Alleged Cryptocurrency Heist

bitcoinist | 08-16-2018

Telecom giant AT&T is facing a $224 million lawsuit over alleged negligence causing an investor to lose $24 million worth of cryptocurrencies. 69 Pages of Complaints Michael Terpin, a US investor, has purportedly filed a $224 million lawsuit against the telecommunication giant on Wednesday, according to CNBC. The plaintiff accuses AT&T of negligence causing him to lose roughly around $24 million worth of cryptocurrencies. The 69-page long complaint was filed with the US District CourtRead MoreThe post AT&T Faces $224 Million Lawsuit Over Alleged Cryptocurrency Heist appeared first on Bitcoinist.com.

Categories: Business
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US Investors Can Now Invest in a Fully-Regulated Bitcoin ETN

bitcoinist | 08-16-2018

While the entire cryptocurrency community is waiting for the approval of a potential bitcoin ETF by the US Securities Exchange and Securities Commission (SEC), investors can now purchase Bitcoin exchange-traded notes, entirely regulated in Sweden. “Big Win for Bitcoin” Starting yesterday, investors can trade using the so-called Bitcoin Tracker One product offered by a parent company of CoinShares Holdings, LTD, according to Bloomberg. The product is listed and regulated in Sweden, but it is alreadyRead MoreThe post US Investors Can Now Invest in a Fully-Regulated Bitcoin ETN appeared first on Bitcoinist.com.

Categories: BTC|Business|Exchange|Regulation
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‘Money to Burn’: Why Do Companies Burn Their Tokens?

bitcoinist | 08-16-2018

A token burn is the destruction of a certain amount of tokens (or coins) in order to reduce their number in circulation. This method is successfully applied by crypto projects, traditional businesses, and even global corporations (for their shares). This spring, for example, Apple launched a $100 billion share buyback plan (with subsequent burning) and raised its dividend share by 16 percent, despite expectations of a slowdown. Alex Fork, one of the founders of theRead MoreThe post ‘Money to Burn’: Why Do Companies Burn Their Tokens? appeared first on Bitcoinist.com.

Categories: ICO
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Room For Creatives, Distributed New Economy Is Growing In Capacity

bitcoinist | 08-16-2018

Creatives from multiple industries and those on the other side of the transaction – buyers and consumers of content, may soon do business on a single platform. Within the Zeepin Ecosystem, all participants will benefit from diversity of different projects. Zeepin’s team aims to incorporate original ideas into powerful applications running on their Blockchain. Zeepin is an A-Z workplace platform for innovators, aiming to create a fair and efficient business environment. The foundation can beRead MoreThe post Room For Creatives, Distributed New Economy Is Growing In Capacity appeared first on Bitcoinist.com.

Categories: Blockchain|Business|ETH|Mining|ICO
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Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

bitcoinist | 08-16-2018

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it brieflyRead MoreThe post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

Categories: BTC|Trading|USDT|Market
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CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds

bitcoinist | 08-16-2018

New academic research released by RWTH Aachen University has discovered that cryptocurrency miner CoinHive is very profitable. In fact, it’s generating over $250,000 worth of Monero profit every month by hi-jacking internet users’ CPUs. One of the users could have easily been you.  The research itself provides a broad overview of browser-mining activity across the Web. It reveals that Monero accounts for 75 percent of all browser-based cryptocurrency mining. The organization CoinHive is behind most of it. Thus, it isRead MoreThe post CoinHive In-Browser Software is ‘Mining’ $250K Per Month, Research Finds appeared first on Bitcoinist.com.

Categories: Mining|XMR|Technology|Altcoin|Business
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South Korea Allocates One Trillion Won for Blockchain Technology in 2019

bitcoinist | 08-16-2018

South Korea is showing a greater interest towards the field of cryptocurrencies, budgeting upwards of one trillion won (around $880 million) for the fields of blockchain technology, AI, and the sharing economy.  South Korea Doubles Investment in Blockchain According to an official press release, South Korea will invest a total of 5 trillion won (around $4.4 billion) in its “Growth Through Innovation” plan. The strategy will fund a total of eight pilot projects, which plan toRead MoreThe post South Korea Allocates One Trillion Won for Blockchain Technology in 2019 appeared first on Bitcoinist.com.

Categories: Asia|Blockchain|Technology
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Brian Armstrong Claims Coinbase Is Registering 50,000 New Users Per Day

bitcoinist | 08-16-2018

Brian Armstrong, CEO of the cryptocurrency platform giant Coinbase, claimed in an interview with Bloomberg that around 50,000 new users continue to register for its services every day — despite recent year-to-date lows. ‘Bubbles And Corrections’ Coinbase CEO Brian Armstrong sat down with Bloomberg yesterday to discuss the future of cryptocurrency at the Bloomberg Players Technology Summit held in San Francisco. During the interview, Armstrong was asked about the giant half-dead elephant in the room — the largeRead MoreThe post Brian Armstrong Claims Coinbase Is Registering 50,000 New Users Per Day appeared first on Bitcoinist.com.

Categories: Technology
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Jim Cramer Who Said ‘Bears Sterns is Fine’ Thinks ‘Sun is Setting’ on Bitcoin

bitcoinist | 08-16-2018

Former hedge fund manager Jim Cramer believes Bitcoin is most likely dead. Cramer’s pronouncement comes at a difficult period for Bitcoin and the cryptocurrency market. The top-ranked virtual currency has flirted with the $6,000 mark, dropping below that price level several times in the past few days. ‘The Tide Has Turned’ Speaking during his show on Tuesday, the CNBC host said: I think the tide has turned against it. I’m not saying its time hasRead MoreThe post Jim Cramer Who Said ‘Bears Sterns is Fine’ Thinks ‘Sun is Setting’ on Bitcoin appeared first on Bitcoinist.com.

Categories: BTC|Market|Trading
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‘It’ll Happen Anyway’: Andreas Antonopoulos Criticizes Bitcoin ETFs

bitcoinist | 08-15-2018

Exchange-traded funds (ETFs) “fundamentally undermine the underlying principle of peer-to-peer money,” Andreas Antonopoulos claimed, adopting a critical stance on the financial instrument. ‘Not Your Keys – Not Your Bitcoin’ As part of his monthly Q&A session with the cryptocurrency community in July, Antonopoulos, who uses the online sessions to address various key aspects of cryptocurrency as suggested by viewers, made clear he was not in favor of an ETF coming to Bitcoin. “Your keys – yourRead MoreThe post ‘It’ll Happen Anyway’: Andreas Antonopoulos Criticizes Bitcoin ETFs appeared first on Bitcoinist.com.

Categories: BTC|Blockchain
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Overstock Shares Plummet, Losing Around 50 Percent YTD

bitcoinist | 08-15-2018

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock marched into the field of digital currencies through its subsidiary – tZero – a venue hoping to become the veryRead MoreThe post Overstock Shares Plummet, Losing Around 50 Percent YTD appeared first on Bitcoinist.com.

Categories: Market
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Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

bitcoinist | 08-15-2018

Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that FOMO got the best of one amateur cryptocurrency investor in Abu Dhabi who is now 85% down on cryptocurrencies purchased using a $139,500 bank loan. The unfortunate investor, who goes by the name ‘Cryptohomie’ on Reddit, currently lives in Abu Dhabi.Read MoreThe post Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency appeared first on Bitcoinist.com.

Categories: Business|Fiat|BTC|Altcoin
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Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries

bitcoinist | 08-15-2018

Unibright, a unified framework for blockchain-based business integration, has partnered with Lufthansa, Microsoft, and NEM.  Making Blockchain Easy Three months after Unibright reached its hardcap in only 10 days, the company has been making newsworthy partnerships left and right — all of which will bring real use-cases to the project. Being a team of developers with 20+ years of experience in business integration, Unibright seems to know how to address common key problems of anyRead MoreThe post Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries appeared first on Bitcoinist.com.

Categories: Business|Blockchain
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Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

bitcoinist | 08-15-2018

Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which the world has never seen.” made waves in the cryptocurrency universe. Today the former Paypal CEORead MoreThe post Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’ appeared first on Bitcoinist.com.

Categories: BTC
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New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bitcoinist | 08-15-2018

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s network can process as its most significant problem. They point out that this is what has prevented Bitcoin from becoming the most effective form of payment in the world. SeveralRead MoreThe post New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem appeared first on Bitcoinist.com.

Categories: BTC|Blockchain
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These 5 ICO Exit Scams Cost Investors $100 Million

bitcoinist | 08-15-2018

ICO exit scams over the last two years have left people $96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar. However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $6.8 billion from ICOs in 2018 alone. Nonetheless, $100 million is an eye-watering amount. Let’s look at the top 5 ICO exitRead MoreThe post These 5 ICO Exit Scams Cost Investors $100 Million appeared first on Bitcoinist.com.

Categories: ICO|Blockchain|Business
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‘Buy Crypto’: Kim Dotcom Warns Of Looming US Dollar Implosion

bitcoinist | 08-15-2018

Entrepreneur and MegaUpload creator Kim Dotcom has repeated his belief in Bitcoin over fiat currency, telling fans directly to “buy cryptocurrency.” Dotcom: Crash ‘Is Coming 100 Percent’ In a series of tweets August 12, Dotcom, whose Bitcache project incorporates a Bitcoin wallet, warned over US national debt and the need to avoid the dollar. “Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash,”Read MoreThe post ‘Buy Crypto’: Kim Dotcom Warns Of Looming US Dollar Implosion appeared first on Bitcoinist.com.

Categories: Fiat|BTC
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Playboy Suing Cryptocurrency Company Over Breach of Contract

bitcoinist | 08-15-2018

Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments. A Clash in Court Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times. Reportedly, the parent company of the popular adult magazine seeks unspecified compensation as well as punitive damages, alleging GBT of fraudRead MoreThe post Playboy Suing Cryptocurrency Company Over Breach of Contract appeared first on Bitcoinist.com.

Categories: Blockchain
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Hungary Does Not Consider Cryptocurrency Legal Tender Yet

bitcoinist | 08-14-2018

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other cryptocurrencies do not qualify as legal tender. However, the country is purportedly working actively on a regulatory framework to addressRead MoreThe post Hungary Does Not Consider Cryptocurrency Legal Tender Yet appeared first on Bitcoinist.com.

Categories: Regulation|BTC|Altcoin|Business
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Axoni Closes $32 Million Funding Round Led By Goldman Sachs

bitcoinist | 08-14-2018

New York-based provider of enterprise blockchain technology Axoni has completed a $32 million Series B funding round, bringing total funding up to date to upwards of $55 million. Axoni Boosted By Lucrative Partnerships Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced the successful completion of a $32 million funding round today. The company’s flagship AxCore technology is used in a rangeRead MoreThe post Axoni Closes $32 Million Funding Round Led By Goldman Sachs appeared first on Bitcoinist.com.

Categories: Blockchain|Technology|Wallet|Business
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Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears

bitcoinist | 08-14-2018

Bearish Sentiment as derived from Bitfinex long and short position data in the Bitcoin market has rapidly advanced in the past week two weeks, with Short positions at the exchange doubling from 17k short to 34k in the price decline from $7,500 to $5,900, showing no immediate sign of slowing. At the same time, long positions have decreased to lows of 26k, meaning that the bears are outweighing the bulls by 30%. Bears Need NewRead MoreThe post Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears appeared first on Bitcoinist.com.

Categories: BTC|Trading|Exchange|Market
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Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President

bitcoinist | 08-14-2018

Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower. ‘Incredible Opportunity’ To Buy Bitcoin In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap. Conversely, he added, Bitcoin trading around $6000 provides an “incredible opportunity” to buy. “We could be in the midst of the extinction-level event forRead MoreThe post Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President appeared first on Bitcoinist.com.

Categories: Altcoin|BTC|Regulation|Market|Trading
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The Entire Cryptocurrency Market is Now 54% Bitcoin

bitcoinist | 08-14-2018

Bitcoin now dominates 54 percent of the total cryptocurrency market cap, hitting a level on Tuesday not seen since the time of its all-time price highs in December 2017. Analysts Dream Of Altcoin Rebirth According to data from Coinmarketcap, Bitcoin now has a market cap of $105 billion. August 11 formed the latest date when Bitcoin’s market cap became worth more than all other cryptocurrencies combined. Long a contested metric for measuring Bitcoin’s success, theRead MoreThe post The Entire Cryptocurrency Market is Now 54% Bitcoin appeared first on Bitcoinist.com.

Categories: BTC|Market|Altcoin|Trading
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Price ‘An Imperfect Metric’ for Bitcoin Technology, Says Investment Strategist

bitcoinist | 08-14-2018

Bitcoin (BTC) continues to decline and so is the entire market. However, an investment strategist sees it as a paradigm-shifting technology that needs time to appreciate in value. Bitcoin  marks another day trading in the red with the rest of the entire market performing even worse. At the time of writing this, all top 100 digital currencies are depreciating according to CoinMarketCap. Signs of positivity could be found in the fact that Bitcoin dominance is risingRead MoreThe post Price ‘An Imperfect Metric’ for Bitcoin Technology, Says Investment Strategist appeared first on Bitcoinist.com.

Categories: BTC|Trading|Technology|Market
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Ethereum Price Analysis: Under $270 and Falling Amid Altpocalypse

bitcoinist | 08-14-2018

It’s been a terribly rough two weeks for altcoins, and the situation doesn’t appear to be getting any better. Nobody’s price is safe, including Ethereum (ETH), ADA, XRP, XLM, and BNB. Ethereum (ETH) Daily Chart ETH remains in a tough spot, and so far there is no silver lining as ETH price is now now at at a 9-month low after 18 days of posting lower lows on the daily chart. The daily RSI hasRead MoreThe post Ethereum Price Analysis: Under $270 and Falling Amid Altpocalypse appeared first on Bitcoinist.com.

Categories: ETH|Trading|XRP|ADA|Market
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Crowdfunding Campaign Aims to Discover Where in the World the Real Satoshi Is

bitcoinist | 08-14-2018

Satoshi Nakamoto’s true identity has been a well-kept secret. Many are still on the hunt. A new crowdfunding campaign has been launched in order to hire detective agencies who will scour the globe in a public-funded search for Satoshi. The hunt for Satoshi Nakamoto still carries on. Over the past few years, a variety of online publications and individuals have hunted the trail of the person (or people) synonomous with Satoshi. There have been aRead MoreThe post Crowdfunding Campaign Aims to Discover Where in the World the Real Satoshi Is appeared first on Bitcoinist.com.

Categories: BTC
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42% Traffic Increase to Bitcoin.org as Lira Hurtles Downward

bitcoinist | 08-14-2018

As the Lira continues its decent, Bitcoin.org has experienced an influx of Turkish visitors. Many look towards the potential that crypto holds in light of toppling fiat currencies like the Lira.  On Monday, Twitter user @CobraBitcoin noted the flood of Turkish Bitcoin.org users— a towering 42%. The increasing number of users comes amidst national economic turmoil and a rapidly descending Lira: There’s been a MASSIVE 42% increase in visitors to https://t.co/OsFgRFRRZb from Istanbul as theRead MoreThe post 42% Traffic Increase to Bitcoin.org as Lira Hurtles Downward appeared first on Bitcoinist.com.

Categories: BTC|Fiat
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Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

bitcoinist | 08-14-2018

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies. The warning was released amidRead MoreThe post Saudi Arabia Officials Warn that Bitcoin Trading is Illegal appeared first on Bitcoinist.com.

Categories: BTC|Trading|Market|Blockchain|Altcoin