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  • Current Event
    1 month ago
    by wildcard
    +14 +1

    Financial institutions have already started accumulating bitcoins - far from the public eye

    Institutional investors are at the forefront of trading in crypto currencies, according to a report published yesterday. These investors, who in some cases represent hedge funds, have displaced individuals with greater purchasing power as the biggest bitcoin buyers, after making private transactions, some of them as large as [EDITED a mistake – not $100k but $100 M] $100 million in the over-the-counter (OTC) market.

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

    Bitcoin had a fair initial distribution unlike most of other coins in the market

    Dan Held, co-founder of Interchange and ZeroBlock, published an article in Medium on 4 October in which he explains why the initial distribution of bitcoins is so far the fairest within the entire ecosystem. According to Held “Satoshi set out to design the fairest possible system“. Unlike the projects where the pre-mining of crypto coins is carried out, Held explains the tests that confirm that Satoshi did not pre-mine and that, in addition, he placed Bitcoin’s open source so that anyone could easily mine at its inception, without the need for high processing power.

  • Current Event
    1 month ago
    by zyery
    +4 +1

    The Hard Math Behind Bitcoin's Global Warming Problem

    Let me freak you out for a second. You know what bitcoin is, right? I mean, no, but quickly, it’s a “cryptocurrency” that’s basically secret computer money. One bitcoin, which doesn’t actually have a real, physical form, is worth at this moment upwards of $16,000. But to get one, you either have to buy them from online exchanges or use specialized computing hardware to “mine” it. That last bit is where the freak-out comes in.

  • Analysis
    3 years ago
    by Project2501
    Analysis
    +1 +1

    Decentralizing Privacy: Using Blockchain to Protect Personal Data [2015] [PDF]

    The recent increase in reported incidents of surveillance and security breaches compromising users’ privacy call into question the current model, in which third-parties collect and control massive amounts of personal data. Bitcoin has demonstrated in the financial space that trusted, auditable computing is possible using a decentralized network of peers accompanied by a public ledger. In this paper, we describe a decentralized personal data management system ...

  • Current Event
    2 years ago
    by wetwilly87
    +28 +1

    Ethereum is the Forefront of Digital Currency

    We have sat here for the last 3 years seeing only infrastructure apps like wallets and exchanges emerge on top of Bitcoin. Why is that? My theory has been that the scripting language in Bitcoin — the piece of every Bitcoin transaction that lets you run a little software program along with it — is too restrictive. Enter Ethereum. Ethereum has taken what was a four function calculator of a programming language in Bitcoin and turned it into a full fledged computer.

  • Current Event
    1 year ago
    by baron778
    +8 +1

    Delaware House Passes Historic Blockchain Regulation

    The state of Delaware has passed amendments to state law that make explicit the right to trade stocks on a blockchain, according to multiple sources familiar with the matter. Crammed in at the last minute before the state House went into recess, the measures were part of a broader series of amendments that legally recognized any number of records being stored on a blockchain.

  • Current Event
    10 months ago
    by wetwilly87
    +11 +1

    A Gamers Journey Through The Enjin Coin Multiverse

    A thought experiment about a blockchain-powered gaming multiverse — written from the viewpoint of an in-game character.

  • Current Event
    9 months ago
    by geoleo
    +27 +1

    The Lightning Network Could Make Bitcoin Faster—and Cheaper

    In 2014, Joseph Poon and Thaddeus Dryja were bitcoin-obsessed engineers hanging out at pizza-fueled meetups in San Francisco. Their conversation often turned to the central problem of bitcoin: How to make it more useful? The bitcoin network’s design effectively limits it to handling three to seven transactions per second, compared with tens of thousands per second for Visa. Poon and Dryja recognized that for bitcoin to reach its full potential, it needed a major fix.

  • Analysis
    9 months ago
    by BeaconHeart
    +12 +1

    Shortest path / link to blockchain interoperability - NATO's interop framework

    Just THE blockchain? A world of blockchains for blockchains is coming, and it might be closer than you think. Blockchain Interoperabilty: NATO's #interoperability system of systems interoperabiliity engineering framework i.e., sync delta's, structured data exchange alpha numeric brevity codes, symbol sets... is the best starting point - in my opinion. #Coindesk: The Opportunity for Interoperable Chains of Chains

  • Analysis
    9 months ago
    by Apolatia
    +38 +1

    Kodak’s Dubious Cryptocurrency Gamble

    What’s a 130-year-old photo company doing dabbling in cryptocurrency? Either revolutionizing digital rights management or trying to make a quick buck.

  • Current Event
    9 months ago
    by geoleo
    +23 +1

    Coinfinity shows first lightning transaction on a Bitcoin ATM - Coinfinity

    We have always been trying to be pioneers in the cryptocurrency space. We started the first Bitcoin ATM in Austria and launched the first Austrian web platform for bitcoin trading. Also, we developed Bitcoinbon, which is currently available at over 4.000 merchants across the country. Our newest project also goes with this spirit. In our …

  • Current Event
    9 months ago
    by drunkenninja
    +30 +1

    Bitcoin Fell Off a Cliff and No One Knows How Far It Is to the Bottom 

    All good things must come to an end—and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 percent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $8,000 for the first time since November.

  • Current Event
    9 months ago
    by Nelson
    +17 +1

    Crypto Rich and Paranoid: Threats Prompt Radical Security in Bitcoin Land

    "Grumpynitis," as he's known on Reddit, figured he had taken every precaution he needed to protect his crypto assets. After all, he worked as a security consultant to banks, governments and multinationals. He knew how to thwart hackers. Then he read about the armed robbery. And the kidnapping. And the swatting. And he grew, in his words, "quite paranoid," as he continued to perform his day job and realized the magnitude of the new threats the community was facing.

  • Current Event
    9 months ago
    by zyery
    +18 +1

    Ban Complete: China Blocks Foreign Crypto Exchanges To Counter ‘Financial Risks’

    China will add offshore cryptocurrency exchanges and ICO websites to its Great Firewall, the South China Morning Post reported Monday, reported Feb. 5, quoting a publication affiliated with the People’s Bank of China (PBoC). Regulators in China reportedly voiced dissatisfaction with current measures restricting trading on domestic exchange sites, coming to a decision to block foreign sites as well to counter “financial risks”.

  • Current Event
    9 months ago
    by jedlicka
    +11 +1

    "Past sell-offs were followed by rallies of ~150 percent within 84 days”: Tom Lee remains Bullish on Bitcoin

    Many proponents of cryptocurrencies have often been bummed out about the general lack of interest among key U.S. stock market strategists to issue bitcoin price targets. However, the only major strategist from Wall Street who does it regularly seems to have continued betting on the most valued virtual currency in the world (by market cap). In his third such report since bitcoin’s downfall from a mid-December peak, Fundstrat’s Tom Lee has reasserted his optimistic outlook about the fate of the coin. If the name doesn’t ring a bell, Lee was J.P. Morgan’s top equity strategist before he co-founded Fundstrat Global Advisors back in 2014.

  • Current Event
    9 months ago
    by weekendhobo
    +24 +1

    Over $60 billion wiped off value of cryptocurrencies as bitcoin drops to lowest level since Nov 18

    Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the market in 24 hours. The price of bitcoin traded as low as $7,598.20 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 18. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.

  • Current Event
    9 months ago
    by ckshenn
    +20 +1

    China puts the final nail in the cryptocurrency coffin 

    China is to block all websites related to cryptocurrency trading and initial coin offerings (ICOs) – including foreign platforms – in a bid to finally quash the market completely. “To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs,” said an article published on Sunday night by Financial News, a publication affiliated to the People’s Bank of China (PBOC).

  • Expression
    9 months ago
    by Maternitus
    +22 +1

    My first steps in crypto-world.

  • Current Event
    9 months ago
    by geoleo
    +15 +1

    India Will Not Ban Cryptocurrencies

    India has announced that they will not “ban” cryptocurrency but regulate it. With recent circulating rumors of a nation-wide ban on all cryptocurrency trading & exchanges, traders around the world have been selling their digital assets as the market keeps pushing to a bearish volume. Bitcoin has hit a new two month low of $6,500, Ethereum $715, and NEO $89. According to the Post announcement of the Union Budget of India, Subhash Chandra Garg, Secretary of the Department of Economic Affairs, reported that the government will declare frameworks to regulate cryptocurrency trading by the end of the current fiscal year – March 31st.

  • Current Event
    9 months ago
    by TNY
    +11 +1

    Bitcoin surges by more than $2,000 in just over a day

    Bitcoin rose Wednesday morning along with sharp gains in other major cryptocurrencies. The largest digital currency by market capitalization traded 9.5 percent higher above $8,400 as of 8:12 a.m., ET, according to CoinDesk, whose bitcoin price index tracks prices from four major exchanges. The jump marked a gain of more than $2,000 in just over a day.

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

    Novogratz Raises $250 Million for Crypto Merchant Bank

    Mike Novogratz, the former Wall Street macro trader, raised about $250 million for his cryptocurrency merchant bank during one of the biggest routs yet in Bitcoin, according to a person familiar with the deal. Terry Gou, the billionaire chief executive officer of China’s Foxconn, is among the investors in the private placement, said the person, who asked not to be identified because the transaction isn’t public. Investors committed to buy shares of Novogratz’s firm, Galaxy Digital LP, through a holding company that eventually will trade on Toronto’s TSX Venture Exchange, according to the person.

  • Current Event
    9 months ago
    by geoleo
    +15 +1

    Craigslist Is Now Becoming More Crypto-Friendly: Here Are the Current Big Companies That Now Accept Crypto

    Around the start of December, Craigslist introduced a new payment option in its ads: Crypto ok! This might not seem huge at first, but consider that Craigslist makes over a million dollars everyday on premium $20+ ad postings. That’s a lot of $20+ ads. It’s cumbersome to message someone asking if they can accept crypto, and it also delays the deal. It probably discourages many buyers and sellers from bringing up crypto altogether. But now that this option is available, no one needs to ask and everyone will be more open to using crypto.

  • Current Event
    9 months ago
    by dianep
    +11 +1

    Winklevoss Twins Say Bitcoin Will Hit $320,000 and Non-Believers Suffer a 'Failure of Imagination'

    Bitcoin may have had a rocky last couple months, to put it mildly, but some boosters still have their optimism goggles on. Case in point: the Winklevii. Tyler and Cameron Winklevoss, the erstwhile Facebook power-scrabblers who made and lost a fortune with Bitcoin’s rise and fall, are insisting that the cryptocurrency will appreciate 40 times in value.

  • Current Event
    9 months ago
    by ubthejudge
    +10 +1

    Millennials Love Bitcoin And Hate Stocks

    Financial pundits the world over, more comfortable in dealing in tangible commodities and assets, have described the cryptocurrency scene as too volatile to risk long-term investment. Whether you agree with them or not, it’s hard not to see why they should reach such a conclusion. Almost all of the large financial and commercial institutions have taken a pass when it comes to utilising Bitcoin or its competitors in anything but the most experimental test markets. So much so that when Banco Santander recently announced its roll-out of an altcoin powered money transfer application, it was big news.

  • Current Event
    9 months ago
    by larylin
    +15 +1

    Paying Taxes in Bitcoin? Residents in This State Might Be Able to Soon

    The Arizona Senate on Thursday passed a bill that would allow residents to pay their income taxes using Bitcoin or other cryptocurrencies “recognized” by the state’s revenue authorities. The law will next be considered by the state’s House of Representatives. Accepting payment of income taxes in cryptocurrency has profound symbolic and practical significance. Historically, the use of government-issued currencies for the payment of income tax has helped guarantee those currency’s widespread adoption as a payments medium.

  • Current Event
    9 months ago
    by aj0690
    +19 +1

    New gold rush: Energy demands soar in Iceland for bitcoins

    Iceland is expected to use more energy mining bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity needed to run the computers that create the precious bitcoins, large virtual currency mining companies have established a base in Iceland, a chilly North Atlantic island blessed with an abundance of renewable energy from geothermal and hydroelectric power plants.

  • Current Event
    9 months ago
    by TNY
    +21 +1

    Winklevoss Twins: 2018 Looks To Be Another Year Of Bitcoin

    As many of you know, Bitcoin doesn’t just go for some pocket change. However, according to Cameron Winklevoss, who is a cryptocurrency billionaire, Bitcoin has the potential to grow 40 times its current value. That would be around $340,000. In an interview with CNBC, Winklevoss said the following...

  • Current Event
    9 months ago
    by wildcard
    +13 +1

    Has Bitcoin Found the Bottom Amid the Current Market Turmoil?

    The Winklevoss brothers may be the most relaxed and reassuring faces of bitcoin right now, but their confidence might also be rewarded sooner rather than later. Bitcoin has fallen over a period of turbulent months, from a high of almost $20,000 to its current price of $8,295 at the time of writing.

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

    "It's Millennial Gold" - Selloff Hasn't Shaken True Believers' Faith In Bitcoin

    Bitcoin is struggling to retake the $9,000 level after its spectacular implosion last month - its worst since the very early days of bitcoin when the price of a single token was much, much lower - but the selloff that left millions of marginal investors around the world holding the bag hasn't dampened the enthusiasm of the virtual currencies most dedicated evangelists.

  • Current Event
    9 months ago
    by geoleo
    +14 +1

    The Real Reason Why Credit Card Companies Are Banning Bitcoin Purchases

    Major banks around the world have started banning purchases of Bitcoin and other cryptocurrencies on credit including banks in the United States, United Kingdom, Australia, Canada and Europe. There have been a number of reasons behind the ban with most banks opting that they are trying to protect their customers from a risky unregulated market. Massive returns on cryptocurrency markets in 2017 saw so much growth that major exchanges had to block users making accounts due to not being able to keep up with demand.

  • Current Event
    9 months ago
    by Nelson
    +14 +1

    Ellen DeGeneres Just Introduced Bitcoin to Her 3 Million US Viewers

    In a segment of her popular television show this week, which averages almost 3 million viewers per episode, DeGeneres spent several minutes speaking about the non-physical nature of Bitcoin and wallets, as well as touching on volatility. “You’re probably thinking, ‘Ellen, if I can’t physically touch it, where can I keep my bitcoin? In a digital purse?’ which is a funny idea but it’s kind of true,” she explained.

  • Current Event
    9 months ago
    by grandtheftsoul
    +13 +1

    Visa confirms Coinbase wasn’t at fault for overcharging users

    Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were down to a Coinbase engineering issue, Coinbase issued a statement saying it wasn’t liable for the duplicate charges. The blame, instead, rested with Visa for the way it handled a migration of merchant categories for cryptocurrencies, Coinbase said.

  • Current Event
    8 months ago
    by TNY
    +20 +1

    A New York University student paid his four-year tuition with bitcoin profits

    Guided by an algorithm that is supposed to be able to predict the performance of cryptocurrencies, some New York University students are using their bitcoin profits to pay for tuition. Konig Chen studies hospitality and leisure management at New York University (NYU). The 22-year-old, who was raised in Brazil and went to high school in Taiwan, says he used the profits from his bitcoin investments to pay his tuition for a full four-year study program at NYU.

  • Current Event
    8 months ago
    by socialiguana
    +20 +1

    Bitcoin Goes Above $11,000 for the First Time since January

    In recent times, Bitcoin has been doing quite badly. In fact, some industry experts have warned that the price could fall to near zero any time. However, it recently managed to go over the $11,000 mark, quelling fears that it was in free fall. At the start of February, the coin experienced a major sell-off over fears that it was facing tougher regulation. However, those fears appear to have gone away.

  • Current Event
    8 months ago
    by bkool
    +15 +1

    New Bitcoin Code Will Finally Boast Full SegWit Support

    And it's not just because the bitcoin code change is focused on scaling the network (it is), or that it paves the way for a new layer for the tech that's potentially faster and cheaper (it does). Finally activated last August after months of controversy, SegWit is now spurring developers to put together a more structured, "themed" release for the software, an unusual development for the team behind the world's oldest and most valuable cryptocurrency network.