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  • Expression
    2 months ago
    by wetwilly87
    +15 +1

    Happy Birthday, Bitcoin! A Letter From Ross Ulbricht

    "Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid."

  • Current Event
    2 months ago
    by funhonestdude
    +13 +1

    On bitcoin’s 10th birthday, JP Morgan CEO says he doesn’t ‘really give a shit’ about it

    Despite the CEO’s negative outlook on bitcoin, JP Morgan is still investing time and money into related technology

  • Current Event
    2 months ago
    by Vandertoolen
    +25 +1

    The Winklevoss Twins Want $32 Million in Allegedly Stolen Bitcoins Back

    A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.

  • Current Event
    2 months ago
    by dianep
    +12 +1

    Mining bitcoin uses more energy than mining gold

    For the past few years, cryptocurrency networks like bitcoin have gained a reputation as energy hogs, eliciting headlines comparing their energy consumption to that of mid-sized countries. Now, a new analysis shows mining bitcoin uses more energy, dollar for dollar, than mining gold. “It was definitely surprising,” environmental engineer Max Krause said of his findings, published today in the journal Nature Sustainability.

  • Expression
    2 months ago
    by cone
    +6 +1

    Can Bitcoin Be Fixed?

    The birthing of Bitcoin and other cryptocurrencies has unleashed the next wave of innovation in the technology and fintech sectors but we are not quite there…yet. Bitcoin has just turned 10 years old. 10 years have elapsed since the 2008 financial crisis took hold of the global financial system. Satoshi had indicated that the genesis block and the birth of Bitcoin was a result of people’s loss of faith in the current financial system and the status quo.

  • Current Event
    2 months ago
    by 8mm
    +11 +1

    Bitcoin Declines Slightly, BAT Drops Nearly 20%

    After a week of mixed and choppy trading action, the cryptocurrency markets are now seeing a widespread, albeit relatively minor, drop, stemming from Bitcoin’s decline into the $6,300 region after it failed to stabilize above $6,500 a couple of days ago. At the time of writing, Bitcoin (BTC) is trading at just under $6,400 and isn’t showing any signs of wanting to drop to the bottom of its long-established trading range between $6,200 and $6,700.

  • Expression
    2 months ago
    by zyery
    +2 +1

    Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

    ConsenSys CEO Joseph Lubin said that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it.” Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date.

  • Expression
    2 months ago
    by baron778
    +7 +1

    Bitcoin to $250K by 2023 Prediction is 'Absolutely Solid,' Says Tim Draper

    Serial cryptocurrency investor and billionaire Tim Draper has said his Bitcoin price prediction of $250,000 by 2022 is “absolutely solid.” Draper: Serial cryptocurrency investor and billionaire Tim Draper has said his BTC price prediction of $250,000 by 2022 is “absolutely solid.”

  • Current Event
    2 months ago
    by belangermira
    +14 +1

    Japan Approves Self-Regulation for Cryptocurrency Industry

    Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

  • Current Event
    2 months ago
    by canuck
    +15 +1

    Cryptocurrencies Will Replace Fiat Money During 2020-2030, International Blockchain Speaker Says | CryptoGlobe

    Nicholas Merten, the founder of DataDash, the largest cryptocurrency Youtube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. According to Merten, blockchain technology and cryptocurrencies will “reshape the way we think about trust and money.”

  • Current Event
    2 months ago
    by everlost
    +17 +1

    Bitcoin Price Drops Below $6,000 for First Time in Months as $13bn Wiped off Markets

    The cryptocurrency ecosystem is currently going through a red day as most top cryptocurrencies are currently taking a hit, with some dropping over 20% in the last 24-hour period. The cause behind the massive downswing is, at press time, unclear.

  • Current Event
    2 months ago
    by jerrycan
    +12 +1

    Bitcoin (BTC) Drops to its Lowest Price in 12 Months

    Just when Bitcoin (BTC) bulls think that the storm was over, they realize how wrong they were. From the look of things, market indicators for a possible rally are discouraging. Indeed, these are no mere speculations as the BTC price again plummeted on Wednesday, falling to the lowest price in 12 months. This price dip is occurring amid a broader digital asset market sell-off.

  • Current Event
    1 month ago
    by TheSpirit
    +23 +1

    As bitcoin nosedives, regulators said to be investigating whether it was propped up illegally

    As bitcoin continued its downward slide Tuesday, U.S. regulators are reportedly looking into whether its record-breaking rally last year was the result of market manipulation. The U.S. Justice Department is investigating whether traders used tether, a controversial cryptocurrency that founders say is backed 1:1 by a U.S. dollar, to prop up bitcoin, according to a report from Bloomberg News, which cited three people familiar with the matter.

  • Current Event
    1 month ago
    by socialiguana
    +10 +1

    Blockchain isn't about democracy and decentralisation – it's about greed

    With the value of bitcoin having fallen by about 70% since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have entered a not-so-cryptic apocalypse. The value of leading coins such as Ether, EOS, Litecoin and XRP have all fallen by over 80%, thousands of other digital currencies have plummeted by 90%-99%, and the rest have been exposed as outright frauds. No one should be surprised by this: four out of five initial coin offerings (ICOs) were scams to begin with.

  • Current Event
    1 month ago
    by sasky
    +20 +1

    Why the 2018 bitcoin price crash is just a 'blip not a bubble bursting'

    The price of bitcoin has often been compared to history's biggest bubbles – Dutch Tulip mania in the 17th century, the Mississippi Bubble in the 18th century and the UK Canal and Railway mania in the 19th century – but perhaps the most popular comparison is the dot-com bubble of 2000.

  • Current Event
    1 month ago
    by gottlieb
    +17 +1

    Bitcoin Fundamentals Haven't Changed, Says Anthony Pompliano - Bitcoinist.com

    Bitcoin isn’t dead, says Anthony Pompliano, despite the current massive cryptocurrency price plummet. The Morgan Creek Digital Partner believes emphasis Anthony Pompliano says BTC isn’t dead and investors should be looking at Bitcoin fundamentals and not the current price drop.

  • Current Event
    1 month ago
    by Pfennig88
    +3 +1

    Amber Baldet: Don’t Force Public Blockchains ‘Down Enterprises’ Throats’

    Having left one of the world’s largest financial institutions to build an ethereum startup, Amber Baldet appreciates both the needs of enterprises and the potential of open, decentralized blockchains. But in the Clovyr co-founder’s view, it’s too soon for the former to start doing much with the latter. “We want to build those bridges out to the public networks, but I don’t think you get there by shoving public chains down enterprises’ throats before they are ready,” Baldet told CoinDesk.

  • Current Event
    1 month ago
    by jasont
    +13 +1

    Bitcoin Won’t Last, But Crypto is Here to Stay: Edward Snowden

    Exiled American whistleblower Edward Snowden has weighed in on the conversation surrounding bitcoin, stating that while the market lodestar will be eventually fade away, the use of cryptocurrencies will not end with bitcoin. Speaking in an interview with Ben Wizner, Director of the ACLU Speech, Privacy and Technology project, Snowden said that the belief which supports bitcoin acting as a global currency will merely transfer itself to other cryptocurrencies instead of dissipating.

  • Current Event
    1 month ago
    by socialiguana
    +19 +1

    What’s Needed for the Widespread Adoption of Bitcoin Payments

    It’s been nearly nine years since the invention of Bitcoin, and despite being known only to Internet geeks during the first few years, it is now a well-established asset that is being traded on exchanges, stored in banks, and taken into consideration by many governments. But many people forget about the initial purpose of Bitcoin: being a digital currency for payments. Now the focus has somehow shifted to it being a store of value instead, and lately this store of value doesn’t perform very well, losing ¾ of its initial value from January 2018.

  • Current Event
    1 month ago
    by funhonestdude
    +11 +1

    Have You Lost Your Cryptocurrency Savings?

    Bitcoin boasted an annual return that beat Facebook and Google by 800% in recent years through 2017, yet these are just headlines. On the higher end of the scale, fast lane traders at Boss Crypto made 2340% in 2017 and more than doubled those gains during the 2018 bear market. While most people lost the almost their entire cryptocurrency investment, a select few had the training, principles and strategies in place to capitalise.

  • Current Event
    1 month ago
    by tukka
    +10 +1

    A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

    An organization that permits guests to shop for Bitcoin the use of greater than 300 fee strategies has reported enlargement within the collection of transactions being finished the use of US bucks – and says it’s made up our minds to dismantle the problems folks have in incomes and moving their cash freely. Paxful used to be introduced in 2015, and has the function of constructing it easy to shop for cryptocurrency – a boon for individuals who haven’t completed so earlier than.

  • Current Event
    1 month ago
    by Chubros
    +11 +1

    Bears maul Bitcoin yet again; Price under $4k with 7% losses

    Though there was a sigh of relief on November 29, when the coin broke the $4,400 barrier, it soon lost its holding at UTC 13:00 yesterday. The coin lost almost $350 off its value in under 6 hours, piling up its losses to 7.27% for the day. Apart from Bitcoin, every single coin that features in the top 30 cryptocurrencies has seen red. Losses range between 5% to 12%, with the recent sensation, Bitcoin SV being the biggest loser in the top 10 coins with a loss of 12.63%.

  • Current Event
    1 month ago
    by ppp
    +20 +1

    Coinbase secretly introduces free PayPal withdrawals

    Coinbase, a California based cryptocurrency exchange has enabled the option of free PayPal withdrawals for various fiat currencies. This was a quiet and swift move from the exchange and includes withdrawals of currencies like USD, EUR, and GBP, reported Beingcrypto. The publication also added that this secret update will allow users to withdraw the above mentioned fiat currencies free of charge to their PayPal account.

  • Current Event
    1 month ago
    by jasont
    +11 +1

    Federal Reserve Says 2018 Bear Market Was Caused By CME’s Bitcoin Futures Offering

    While many people had glossed over this little-known statement released by the Federal Reserve earlier this year (in May), but according to the letter, the government body blamed the launch of Bitcoin futures markets on the Chicago Mercantile Exchange (CME) for adversely affecting the overall value of Bitcoin (as well as many other alt-assets available in the market today).

  • Current Event
    1 month ago
    by messi
    +7 +1

    Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process

    On Nov. 27, the world’s second-largest semiconductor chip maker, Intel, was granted a patent for a processing system that mines Bitcoin but utilizes more “energy-efficient hardware accelerators.” According to the patent called the “Optimized SHA256 Datapath,” the newly invented “high-performance” Bitcoin mining process could reduce overall power consumption by 15 percent.

  • Current Event
    1 month ago
    by ppp
    +11 +1

    Every Day Bitcoin Doesn't Die Makes it More Like Gold: Ex-JPMorgan Exec

    In an op-ed on Yahoo! Finance, Alex Gurevich, a professor of Mathematics and an ex-JPMorgan executive, believes Bitcoin is edging closer to becoming digital gold “with every single day it doesn’t die.” “Despite the rise and fall of various altcoins and fork considerations, “time” works FOR Bitcoin, not AGAINST it. Every day it doesn’t disappear, it gets one step closer to a permanent status of digital gold,” he went on to state in the op-ed.

  • Current Event
    1 month ago
    by TNY
    +11 +1

    Bitcoin faces the IRS scrutiny

    In its fight against tax evasion, the Internal Revenue Service (IRS) is now directing its attention to the bitcoin market. Last week, the leading digital currency wallet and platform provider Coinbase was urged through a “John Doe summons” to disclose the names of its customers based in the US that used the platform between 2013 and 2015. This action took place following a request from the US Treasury to take new measures in the fight against tax evasion.

  • Current Event
    1 month ago
    by yuriburi
    +6 +1

    Bitcoin is close to becoming worthless

    Just one year has passed since bitcoin enthusiasts forecasted that the cryptocurrency would hit a price of $1 million. But that was then. With the price of bitcoin BTCUSD, -1.45% having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is wondering where it goes from here.

  • Current Event
    1 month ago
    by geoleo
    +19 +1

    Value of Cryptocurrency and How It Is Determined?

    In order to determine the value of a crypto we must first understand the nature of the beast. "Crypto" is a generic term to describe any coin or token built upon, and recorded on, a blockchain ledger. The coins, also called cryptocurrencies, were created to be forms of money, much like the Dollar, Euro, Ruble, and Peso. The other cryptos are Tokens; mostly built upon the ethereum blockchain through the use of smart contract technology.

  • Current Event
    1 month ago
    by jedlicka
    +20 +1

    The Bitcoin Lightning Network Expands to Achieve a 10,000% Increase

    The Bitcoin mainnet now has over 12,000 lightning channels, 1,800 nodes, and a total capacity of 450 bitcoins. What this means is that node and channel operators have committed in total 450 bitcoins to the Lightning Network. This is a more than 100x increase in capacity over that in February.

  • Current Event
    1 month ago
    by zobo
    +23 +1

    Coinbase abandons its cautious approach with plan to list up to 30 new cryptocurrencies

    Coinbase is the most conservative exchange in cryptoland, largely because it operates in the U.S. under the watchful eye of the SEC. The $8 billion-valued company trades fewer than ten cryptocurrencies to consumers but on Friday announced it announced a major expansion that could see it list up to 30 new tokens.

  • Expression
    1 month ago
    by wildcard
    +16 +1

    Bitcoin in 2019: The Definitive Guide | Stadivm.com

    Money and technology have each had starring roles in the story of human civilization. Individually, both hold a special allure to us. The adoption of the use of currency has propelled our collective ability to trade, and for better or worse, the accumulation of currency acts a primary measuring stick of status in society. Our long-standing love affair with technology, research and scientific exploration, seems as much an inherent part of who we are as organisms, as it is a conscious choice that we have made as a species to continually learn more.

  • Current Event
    1 month ago
    by zyery
    +11 +1

    Buying bitcoin from the back of a London taxi

    A shiny black taxi swerves to the curb in front of 23 Featherstone Street, the London headquarters of ConsenSys. The driver is a big man—bald, lean, and clad in a blue bomber jacket—and as he eases himself from the driver’s seat, he immediately goes for a cigarette. He squints as he edges toward me. No, it’s not the Long Good Friday. Bob Hoskins isn’t waiting in a back-alley with a shiv and thirty pounds of cocaine.

  • Current Event
    1 month ago
    by socialiguana
    +21 +1

    What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

    Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

  • Current Event
    1 month ago
    by messi
    +23 +1

    Famed crypto millionaire says Bitcoin is dead

    A hot potato: It’s been 12 months since Bitcoin reached its all-time high of almost $20,000, sending the world into a crypto frenzy. But in the last 24 hours, it’s hit a new yearly low of $3,126 ­– and it could fall even lower over the coming weeks. Now, a famous early investor who made millions from Bitcoin has warned that the best-known cryptocurrency of them all is “dead.” At the start of this year, 19-year-old Erik Finman hit the headlines as one of the world's youngest Bitcoin millionaires.