Wednesday , 22 November 2017

Tag Archives: Bitcoin

Cryptocurrencies will not be legalized in Russia

Russia’s regulatory position regarding cryptocurrencies has changed significantly in recent years, with the country frequently oscillating between prohibitive and permissive leanings. In recent months, the Russian state has increasingly spoken in favor of bitcoin mining, expressing its desire to overtake China’s dominance in the global mining industry. Regarding trading, the deputy finance minister has recently reaffirmed that “people can be …

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Tether claims $31 million of USD Token were stolen by hacker

According to a post on its website, Tether has experienced a substantial hacking event, with a loss of over $30 mln from the Tether Treasury account. The loss was discovered when the tokens were sent to an unauthorized Bitcoin address. According to the post, Tether is taking all possible action to prevent further disruption, saying: “Yesterday, we discovered that funds …

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Hundreds of Bitcoin Cash are stuck in Segwit addresses

When bitcoin forked leading to the creation of bitcoin cash, woeful tales of funds sent to the wrong chain abounded. Hundreds of thousands of dollars worth of BCH is languishing in segwit addresses. The funds were mistakenly sent there by users who have no easy way of differentiating segwit and non-segwit addresses. Retrieving the funds is difficult, but not entirely …

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Billionaire Investor Novogratz: Ethereum En Route to New All-Time Highs

“ETH looks poised for a move to new highs. Lots of good news on the horizon,” said Novogratz, emphasizing innovative developments conducted by leading startups including ConsenSys. South Korea Takes Over as Largest Ethereum Market Over the past few weeks, the daily trading volume of Ether has increased substantially, primarily led by the South Korean cryptocurrency exchange market. Subsequent to …

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Manhattan’s Real Estate Eyes Up Bitcoin for Property Payments

Manhattan’s real estate market is embracing bitcoin for property payments as the digital currency increases in value. One property developer who is hoping to capitalise on the recent digital currency boom is Ben Shaoul, of Magnum Real Estate Group. Speaking to The Express, Shaoul said: We were approached by a buyer who has been collecting bitcoin for many years and was interested in …

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Bitcoin facing backlogs as scalability solution awaited

The Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. For now there is only one apparent solution to the scalability problem: lightning network. The …

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The bitcoin price soared to a new all-time high of $6,080 on Friday, punching through the $6,000 barrier for the first time

Bitcoin Price Storms Past $6,000 After a week of volatility, the bitcoin price had appeared to settle down to a stable level on Friday. That, however, was just the calm before the storm. After consolidating support at the $5,650 mark, the bitcoin price began to soar, crossing the $5,700, $5,800, and $5,900 checkpoints in quick succession At 15:00 UTC, Bitfinex …

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Bitcoin community criticizes Bitcoin Cash

In September, Bitcoin Cash was launched through a hard fork executed by a few major mining pools including ViaBTC and Bitmain. Since then, the support and demand for Bitcoin Cash have significantly decreased, which is evident in the hash rate and market cap of the cryptocurrency. At the time, even Bitmain, which first introduced Bitcoin Cash in July as Bitcoin …

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Roger Ver: ‘Bitcoin Cash is Bitcoin’

Roger Ver and Calvin Ayre, strong proponents of Bitcoin cash, have recently announced a plan to use their influence and considerable wealth to rebrand bitcoin cash as “bitcoin”. Ver, an early bitcoin investor, has incurred the ire of much of the bitcoin community over the past several years, primarily due to his repeated support for contentious hard forks associated with …

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