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Category / Bitcoin

Cryptocoins are worth less than $200 billion for the first time since 2017

In May 2017, I’ve called some experts and asked them “Why are Bitcoin and Ethereum growing so fast?” This was after an intense period of growth for both popular cryptocurrencies, especially Ethereum, which was up 1,400% in three months. The market cap of all cryptocurrencies put together at the time seemed unreal: 80 billion dollars....CONTINUE READING
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How cryptocurrency brings oppression and hope to Venezuela

Daily life in Venezuela begins and ends with one question: What is my money worth today? Venezuela has the world’s worst inflation rate at more than 40,000 percent annually and rising, according to John’s Hopkins University. The country’s almost worthless bolivar currency is breaking deli scales and credit card readers as the more than 30...CONTINUE READING
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22-year-old man loses $24 million worth of bitcoins in apparent scam

Bitcoin is a risky investment, but for one young crypto millionaire, traditional forms of investing into assets such a casino and company stock turned out to be even riskier.  According to Bangkok Post, a 22-year-old Finnish man called Aarni Otava Saarimaa lost a total of 5,564.4 bitcoins (worth roughly 24 million dollars at the time)...CONTINUE READING
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Bitcoin developer finds bug in competing coin, does the right thing

Proponents of Bitcoin and its competing cryptocurrency Bitcoin Cash, which was created as a “fork” of Bitcoin’s code and history, aren’t exactly in love with each other. Social media channels are full of squabbles over which coin is better and which one is more deserving of the “Bitcoin” name.  But one Bitcoin Core developer —...CONTINUE READING
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And now professional golf is being ransomed for bitcoin

Raise that single gloved-hand to your mouth in shock: The hackers have gone after golf. America’s last bastion of proud visor-wearers is scrambling this week, after unknown criminals took over the PGA of America’s servers on Tuesday — locking the golf association out of its files just days before the official Aug. 9 start of...CONTINUE READING
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Crypto prices sharply down after SEC postpones Bitcoin ETF decision

The prices of Bitcoin, Ethereum and all other major cryptocurrencies are sharply down Wednesday following an announcement by the U.S. Security and Exchange Commission (SEC) that it will postpone the decision on approving what would be the first-ever Bitcoin ETF.  The SEC, which recently rejected a proposal by Tyler and Cameron Winklevoss to launch a...CONTINUE READING
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You won’t be able to pay with bitcoin at Starbucks anytime soon

Recent news that Starbucks has partnered with Microsoft, the International Exchange, and a few other companies to launch a cryptocurrency venture called Bakkt has fueled reports that Starbucks is getting ready to start accepting Bitcoin in its stores.  Speaking to Motherboard, however, the company has stated that this is not true.  SEE ALSO: Starbucks announces...CONTINUE READING
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And now a verified ‘Donald J. Trump’ Twitter account is scamming crypto

President Donald J. Trump has made a lot of absurd promises over the course of his career, but free cryptocurrency is still not one of them. Though you might be forgiven for thinking otherwise, as a verified Twitter account bearing his name today offered that very thing. Yep, the ether giveaway scam we’ve come to...CONTINUE READING
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Winklevoss twins’ Bitcoin ETF got rejected a second time, but…

The SEC has rejected a second proposal to list and trade shares of the Winklevoss Bitcoin Trust on the Bats BZX Exchange, which would essentially be the launch of the first Bitcoin ETF. Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange and big proponents of Bitcoin, have already been rejected in March 2017. ...CONTINUE READING
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