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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: bitcoin news

Russia Considers new Siberian City Dedicated to Cryptocurrency Mining

Category: Altcoins, Bitcoin, Mining, News

Russia Considers new Siberian City Dedicated to Cryptocurrency Mining

The Russian government is considering Siberia and other Far East regions to lure large-scale cryptocurrency mining companies. With time, the country hopes to base an entire town or city around this economic model. Cryptocurrency mining is the process that involves performing trillions of calculations per second using a relatively powerful computer. In exchange for these calculations, miners receive a reward…

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Forks may Work Out to be an Increment to Ongoing Bitcoin Development

Category: Bitcoin, Commentary, News

Forks may Work Out to be an Increment to Ongoing Bitcoin Development

The controversial Bitcoin scaling debate has given rise to new versions of bitcoin which were the outcome of blockchain splits. These splits mainly occurred because there was a lot of divergence between core developers. Although this is an old debate, these splits only happened in these recent months. Lately, we’ve seen various Bitcoin forks emerge, with Bitcoin Cash and Bitcoin…

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China-Based Bitcoin Miners Consider New Territories Due To Crackdown Fears

Category: Mining, News, Regulation

China-Based Bitcoin Miners Consider New Territories Due To Crackdown Fears

China’s Bitcoin mining industry is teetering on the edge of the abyss as miners fear the government’s crackdown will strike them next. Despite China not having expressed such intentions explicitly, the atmosphere in the industry remains tense. With many believing that it is simply a matter of time before their operations are forcefully halted, they are exploring their options abroad….

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Square’s Experiment with Bitcoin Could Net them $30 Million

Category: Bitcoin, Business, Finance, News

Square’s Experiment with Bitcoin Could Net them $30 Million

Square, one of the biggest Point of Sale companies, announced November 15 that it was testing its support for bitcoin through its cash payments app. According to one Credit Suisse analyst, the move to adopt the cryptocurrency could net the firm $30 million over the next couple of years. Soon after the announcement, on November 20, the company’s shares rose…

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World’s Largest Cryptocurrency Exchange, Bithumb, Sued by 3,000 Clients

Category: Bitcoin, Finance, News

World’s Largest Cryptocurrency Exchange, Bithumb, Sued by 3,000 Clients

South Korea’s Bithumb, the world’s largest cryptocurrency exchange by trading volume, is currently dealing with a lawsuit filed by over 3,000 Bithumb clients, who experienced massive losses during a server outage which disabled Bitcoin Cash trading for several hours. Investors Left Empty-Handed During that period, the price of bitcoin cash plunged from $2,900 to $1,100, and the majority of bitcoin…

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Yet Another Leap for Bitcoin: Real Estate Agents Embrace it for Property Payments

Category: Bitcoin, Business, News

Yet Another Leap for Bitcoin: Real Estate Agents Embrace it for Property Payments

Is it any surprise that bitcoin is becoming an acceptable payment method for property purchases? Perhaps the skeptics will continue to shake their heads, but for anyone who has been following the cryptocurrency over the last year, it is no more than the next step in the natural progression. With bitcoin prices having increased dramatically in 2017, more homeowners are…

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Good News for Privacy on Bitcoin and Ethereum

Category: Bitcoin, Ethereum, News

Good News for Privacy on Bitcoin and Ethereum

The past few months saw the development of some new, exciting privacy technologies for both Bitcoin and Ethereum; Confidential Transactions, Reusable Payment Codes, zk-SNARKs and Ring Signatures. This revives the hope that cryptocurrency will give humanity financial privacy. In case you didn’t know, privacy and cryptocurrencies are in most cases a tragedy. If you look at Bitcoin and Ethereum, nothing…

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How Bitcoin is Providing Banking for Those Who Banks Refuse to Service

Category: Bitcoin, Finance, News

How Bitcoin is Providing Banking for Those Who Banks Refuse to Service

When bitcoin first gained traction, and a slogan for the world’s first decentralized digital currency was discussed, “be your own bank” emerged as the most popular as it represented the anti-banking, libertarian, cypherpunk-influence of the cryptocurrency. Perhaps more importantly, it also perfects describes bitcoin’s key functionality. It allows anyone in the world to manage their own finances online without the…

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The Labyrinth of Tether: A new Mt. Gox or just a case of Hysteria?

Category: Altcoins, Bitcoin, Commentary, News

The Labyrinth of Tether: A new Mt. Gox or just a case of Hysteria?

Currently, the rumor is going around is that Bitfinex and Tether manipulate the price of bitcoin upward with a fake Dollar token. Is there some truth to this or is it just scaremongering? We take a look at the subject. For some months, an individual with the pseudonym “Bitfinex’ed” has warned on Twitter and Medium against an alleged fraud by…

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In Bid To Protect Savings, Doomsday Preppers Become Bitcoin Buyers

Category: Bitcoin, Blockchain, Commentary, News

In Bid To Protect Savings, Doomsday Preppers Become Bitcoin Buyers

Bitcoin has already repeatedly proven its resiliency. But is the current number one cryptocurrency by market cap resilient enough to survive the apocalypse? Some say yes. Preppers Start Hedging Bets on Bitcoin The need to be in control is more than an urge for many doomsday preppers. Whether it’s being in control of shelter, food resources, and general supplies, these…

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