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Via BitcoinMagazine – 11:25 pm December 13, 2017 For most of the year, a heated debate has been raging across markets and industries about the regulation, speculation and proper utilization of cryptocurrencies and, more specifically, ICOs. With the increased popularity of ICOs and the overall phenomenon of digital currencies, more business professionals than ever before want to know what it takes for a company to launch an ICO and, subsequently, what theyll need for success and legitimacy.Live music platform Viberates record-breaking ICO ra |
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Via BitcoinMagazine – 11:25 pm December 13, 2017 Bitcoin prices have currently stalled out in the $16,000s as the market decides if it wants to continue the ravenous bull trend or go through a more corrective phase. In the last 30 days, the price of bitcoin has doubled entering into what most traditional market analysts would deem bubble territory. Bitcoins growth has been so rapid, it has managed to break north out of a parabolic trend to form an even more aggressive parabolic shape known as a hypodermic trend. Lets take a look at the mac |
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Via BitcoinMagazine – 11:15 pm December 12, 2017 nn nnnThe digital age has changed many things about the way we work, play, think and live. And one key element of this is the act of giving.In the online community, its hard to think of a more natural display of positive interaction than the act of giving virtual gifts. In todays digital age, giving has taken on a whole new meaning as growing numbers of transactions and exchanges occur online.At the nexus of this movement is a project called Gifto, a virtual gifting protocol for content cr |
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Via BitcoinMagazine – 6:55 pm December 12, 2017 High Fidelity is announcing the launch of Avatar Island, a VR domain where High Fidelity users can purchase items for their avatars, all contributed by digital artists from around the world.High Fidelity is a next-generation platform for Virtual Reality VR worlds developed by Philip Rosedale, the creator of the once very popular Second Life. In September 2017, the company announced that it was developing a blockchain for intellectual property protection and an in-game cryptocurrency .Ive been |
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Via BitcoinMagazine – 6:55 pm December 12, 2017 Safely storing cryptocurrency can be confusing, especially for newcomers to the space, but for people with visual impairments, finding an accessible option is especially challenging.IcyWallet is a cold wallet with a difference it is designed to make it as simple as possible for people with visual impairments to manage offline bitcoin storage. The project got its start when Adam Newbold and his wife took a braille reading course as a learning activity. Shortly afterward, Newbold struck up a Re |
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Via BitcoinMagazine – 11:35 pm December 11, 2017 On December 11, the U.S. Securities and Exchange Commision SEC issued a cease-and-desist to California-based Munchee Inc. to stop their ICO and return the funds that had been collected.Munchee had been seeking $15 million in capital to improve their existing mobile app and create a restaurant review ecosystem that they described as being Yelp meets Instagram in their Bitcointalk announcement. The problem arose when Munchee emphasized that it would take steps to create a secondary market for t |
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Via BitcoinMagazine – 10:50 pm December 11, 2017 The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange CBOE allowed bitcoin futures to begin trading under the symbol XBT. Chicago Mercantile Exchange CME is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017. Bitcoin futures were up over 20 percent leading into the U.S. market open. Current appetite for the futures contracts seems to show a stronger preference fo |
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Via BitcoinMagazine – 3:40 pm December 11, 2017 Business is a constant flow of transactions, which are actions with assets. It can be buying, selling, exchanging, renting, lending, pledging, assigning rights, granting licenses and so on And the easier and faster the transaction is, the better. Ease and speed often depends on the degree of liquidity of the asset involved in the transaction. The reasons for low liquidity might be the followingMultiple asset owners this creates barriers in which effective communication is needed so that a co |
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Via BitcoinMagazine – 11:30 pm December 8, 2017 American Bitcoin holders may soon have to report their holding to the United States government.First introduced on May 25, 2015, by Sen. Chuck Grassley R-IA, Senate Bill S.1241, the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017, can have serious implications for those involved in the cryptocurrency space. The hearing for S.1241 was held with virtually no public notice on November 28, 2017 the full two-hour hearing can be viewed here.Currently, the definition |
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Via BitcoinMagazine – 7:40 pm December 8, 2017 One of the most intriguing stories underpinning the recent rise of bitcoin prices is how financial institutions will interact with the currency.The upcoming CBOE futures market is going to open the door for Wall Street giants to participate in the market. That could spell moon or doom for bitcoin, and everyone is speculating on what may happen next.It is this Wall Street/BTC interaction phenomenon that may be driving the unbelievable price spike of the past few days at least partially.On the |
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Via BitcoinMagazine – 12:00 am December 8, 2017 Last month, science and technology magazine New Scientist covered the Overledger project in a story titled, The Blockchain to Fix All Blockchains. The story emphasizes the need for data interoperability technology across different blockchains that could play a role similar to TCP/IP, which enabled the internet to thrive.Overledger seems to be a straightforward extension of the original atomic swap idea, said Cornell University cryptocurrency expert Emin Gun Sirer, as reported by New Scientist |
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Via BitcoinMagazine – 12:00 am December 8, 2017 While China continues to dominate the bitcoin mining market, North America has now gained another significant player who can help decentralize mining power. Hut 8 Mining Corp Hut 8 and the Bitfury Group Bitfury have announced a partnership that will create North Americas largest bitcoin mining center, located primarily in Alberta, Canada.We are excited to partner with Hut 8 to expand our activities in the strategic North America market, said Bitfury CEO, Valery Vavilov, in a statement. We bel |
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Via BitcoinMagazine – 12:00 am December 8, 2017 The utility aspect of Bitcoin faced a setback yesterday as PC gamers heard from Valve Corporations Steam Team in a blog post that Bitcoin would no longer be accepted as payment on its digital distribution platform, Steam. Citing the volatility of the currency as well as the rising cost of fees, a representative of The Steam Team, known as kurtis, explained that the volatility of Bitcoin has created a problem for users trying to purchases games using the currency. Kurtis pointed out thatThe va |
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Via BitcoinMagazine – 12:00 am December 8, 2017 In Its a Wonderful Life, the 1940s Christmas classic, George Bailey played by Jimmy Stewart is the guiding force of a small-town bank, who ends up sacrificing his own dreams for the betterment of his community. Ultimately, facing financial ruin, he begins to question what it was all for. That is when his friends appear, one by one, with a flurry of donations, reminding him of how he touched each and every one of their lives, and Bailey realizes he is a rich man after all. Bitcoin evangelist A |
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Via BitcoinMagazine – 10:05 pm December 6, 2017 On December 5th, 2017, the Mission Bay Conference Center in San Francisco hosted cryptocurrency enthusiasts in suits, hoodies and everything in between. Token Summit II, presented by William Mougayar, author of The Business Blockchain, and Nick Tomaino, founder of 1confirmation, was a hub for cohesion and problem-solving in the blockchain space. Experts gathered from every corner of the industry to discuss government regulation, cryptocurrency initiatives and the future of blockchain technolo |
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Via BitcoinMagazine – 6:25 pm December 6, 2017 Blockchain developers ACINQ, Blockstream and Lightning Labs, are announcing the 1.0 release of the Lightning protocol and the worlds first Lightning test payments on the Bitcoin mainnet across all three implementations. These are considered to be important steps toward the standardization of the Lightning Networks second-level, off-chain payment layer. The three teams, and others in the Bitcoin community, developed the Lightning specification through an open, collaborative process.Interoperab |
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Via BitcoinMagazine – 9:40 pm December 5, 2017 Bitfinex, the worlds largest cryptocurrency trading platform, has hired Steptoe & Johnson, a heavy-hitting, international law firm based in Washington, D.C., to try to put an end to what their PR firm calls a campaign of mistruth.According to an earlier statement issued by Ronn Torossian, CEO of 5W, the PR company representing the exchange, Bitfinex is signaling to those who engage in this activity that they are serious about protecting the truth and their business. Steptoe & Jo |
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Via BitcoinMagazine – 7:00 pm December 5, 2017 The Chinese government has often had a tumultuous relationship with Bitcoin, but things came to a head in 2017. By the end of the year, there was no longer a Chinese industry exchanging bitcoin for fiat currency. How did that happen, and where does China go from here From his office in Shenzen, Virgilio Lizardo, Jr. has watched the waning of Chinas influence on bitcoin pricing with interest. As Vice President of International Affairs at Bitbank Group, he sees cryptocurrency trends and pricing |
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Via BitcoinMagazine – 4:00 pm December 5, 2017 Imperva Incapsula, a cloud-based service provider, has released a comprehensive report titled Q3 2017 Global DDoS Threat Landscape. The report shows that cryptocurrency operators and Bitcoin exchanges are favorite targets of distributed denial of service DDoS attacks.A DDoS attack is defined as a persistent DDoS event against the same target e.g., IP address or domain. A single attack is preceded by a quiet attack free period of at least 60 minutes and followed by another quiet period of the |
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Via BitcoinMagazine – 3:25 pm December 5, 2017 Business innovation has long been a key element of civic progress. In more recent time, technology has served as a major contributor to local economic development. In fact, the Austrian-born American economist and political scientist, Joseph Schumpeter, argued that technological progress is the sole determinant of economic progress. What Schumpeter referred to as creative destruction has been pivotal for rapid economic expansion in less developed communities throughout the world. One technolo |
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Via BitcoinMagazine – 10:40 pm December 4, 2017 Since its rapid ascent from $8 to the $400s, ether has seen a fair amount of volatility. Over the last few weeks, there has been a surge in volume as it pushed out of its multi-month trading rangeFigure 1 ETH-USD, 12-Hour Candles, Macro TrendThe several months ether spent consolidating appears to have formed a macro Reaccumulation Phase that led to a breakout of the trading range on strong volume ultimately yielding our current market position in the $450s. A Reaccumulation Phase is a pause a |
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Via BitcoinMagazine – 7:35 pm December 4, 2017 Physical bitcoins that can be exchanged like cash have been discussed for years. In 2010, Gavin Andresen himself started a Bitcoin Forum discussion on possible ways to print out bitcoins to function as user-created paper money. Physical bitcoins have been often implemented, but there are several challenges. Many physical bitcoin operators active a few years ago have either disappeared or dont show signs of recent activity. Others are just novelty collectibles that dont store actual bitcoins. |
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Via BitcoinMagazine – 7:35 pm December 4, 2017 An often heard narrative over the years has centered on the potential impact of artificial intelligence A.I. on work. According to CB Insights, last year 2016 more than $5 billion dollars of venture capital was raised by companies where A.I. is a core piece of their productup from around $3B the year before, and $2.6B prior to that. However while A.I. technology and investments are advancing rapidly, system trust remains a commonly discussed concern for autonomous systems. Situated at the epi |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 The market is swinging to more and more aggressive highs as bitcoin has traversed down the length of the macro, parabolic bull market. In a very rare event, bitcoin actually managed to break the upper parabolic curve and squeeze out a new all-time high in the upper $11,000sFigure 1 BTC-USD, 1-Day Candles, Macro Parabolic TrendAlthough bitcoin broke the parabolic trend on the smaller timescales, the chart above shows that bitcoin is still being governed by the parabolic resistance an outlier |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 The post Bitcoins Journey from $1,000 to $10,000 The Stories That Got Us Here appeared first on Bitcoin Magazine. |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 Bitcoin is exploding and interest in the associated blockchain technology is at an all-time high, with Bitcoin being talked about on sitcoms as well as the news. But much of this success has been the result of a vibrant grassroots movement that has been fostered over time by dedicated and devoted communities of crypto enthusiasts around the world.Bitcoin Magazine spoke with several blockchain Meetup organizers around the world to find out more about their groups and how they started them, gre |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 Every year, over one trillion dollars is spent on impact projects supporting the United Nations 17 Sustainable Development Goals SGDs, which aim to end poverty, protect the planet and ensure prosperity for all by 2030. Unfortunately, organizations lack the data they need in order to make informed decisions on what and how they can improve.That is until now.The ixo Foundation, an open source software development foundation, is aiming to optimize impact by combining data with trust to ensure tr |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 The promise of a new economy built upon a decentralized government can offer a number of benefits to millions of people across the globe. More and more cryptocurrency platforms are being created to ensure faster, more secure payments, data protection, lower transaction fees and other advantages accessible to anyone who wishes to participate.And as crypto platforms get more creative to offer individuals a number of rewards via tokens, a new proof of time protocol is emerging to help users mone |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 Cryptocurrency has opened up a new world in the financial sector that was primarily owned by banks, namely the borrowing and lending of capital.While peer-to-peer borrowing and lending has developed in recent years in the fiat currency space, it is only recently that companies have been finding methods of replicating these ideas in the cryptocurrency space. What follows is a short evaluation of several available options.SALTSALT is a lending platform for blockchain-backed loans. No credit che |
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Via BitcoinMagazine – 5:40 pm December 2, 2017 Bitcoin futures contracts to be offered by CME Group Inc. and Cboe Futures Exchange to mainstream investors.CME Group, the worlds largest futures exchange, has announced that it has self-certified the initial listing of its Bitcoin futures contract. CME first announced its intentions to launch a Bitcoin futures product on October 31, 2017.The new contract will be available for trading on the CME Globex electronic trading platform effective on Sunday, December 17, 2017, for a trade date of Dec |
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Via BitcoinMagazine – 7:15 am November 30, 2017 The new Bitcoin-based, multi-signature wallet from Abrais being released hot on the heels of their recent funding announcement, supporting ether and 52 fiat currencies.Now, after running our service for the past few months with tens of millions of dollars of funds, were ready for commercial deployment of our multi-signature solution.CEO Bill BarhydtThe new update is currently rolling out to current users and is expected to be completed during the first week of December 2017. The Abra wallet i |
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Via BitcoinMagazine – 7:15 am November 30, 2017 New York entrepreneur Dean Anastos has a knack for creative ventures. He is a brain cancer activist known for the short films The Assignment and Dear John McCain, with several film projects in pre-production, such as Maria Canje as well as the novel version, to be released soon and Ohneka, a paranormal movie about a Native American vengeful spirit.Accordingly, he is currently leading the effort to curate a groundbreaking film called Rise of the ICO, which will provide viewers with a multiple- |
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Via BitcoinMagazine – 7:15 am November 30, 2017 Tokyo-based bitFlyer has become the fourth digital currency exchange to receive approval from the New York State Department of Financial Services NYDFS for a BitLicense to operate as a virtual currency exchange in New York. This brings the total number of states in which bitFlyer is licensed up to 40.The bitFlyer platform has over 30 percent of the worldwide bitcoin exchange volume and more than $100 million in virtual currency traded in 2017, all without access to the U.S. market. This lates |
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Via BitcoinMagazine – 7:15 am November 30, 2017 The Lambda Protocol has announced a decentralized, open-source solution for unrestricted access to decentralized applications DApps. Utilizing the Lambda Protocol, DApp developers can leverage existing browsers such as Chrome or Safari to open up their applications to millions of devices currently being used. The Lambda Protocol plans to launch with support for both the Ethereum and Bitcoin blockchains, adding support for permissioned blockchains such as Hyperledger Fabric in the future.The L |
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Via BitcoinMagazine – 7:15 am November 30, 2017 Speaking on November 25 at BeyondBlock Taipei 2017, Ethereum inventor andco-founder Vitalik Buterin outlined his vision for Ethereum 2.0. He described major changes in Ethereums architecture that are likely to be implemented over the next few years to improve Ethereum in terms of privacy, safety consensus safety and smart contract safety and, of course, scalability, which was the main focus of Buterins talk.Buterin doesnt seem worried about competitors. The Ethereum killer is Ethereum, the Et |
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Via BitcoinMagazine – 7:15 am November 30, 2017 The inventor of Bittorrent has now turned his attention to blockchain technology and building a greener Bitcoin called Chia. Bram Cohen released Bittorrent to the world in 2004, but, in early 2017, he stepped away from the company he built to focus on blockchain technology. A very technical paper was co-authored by Cohen and released in September 2017 titled Beyond Hellman's Time-Memory Trade-Offs with Applications to Proofs of Space, that covered Proofs of Space as a blockchain consensu |
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Via BitcoinMagazine – 7:15 am November 30, 2017 Bitcoin surpassed $10K yesterday. To many, the event was a mark of Bitcoins accomplishments. But yet, others are concerned that bitcoin has become too speculative, and a pop in the bubble could be damaging.Introduced in 2009, bitcoin sort of flew under most peoples radars for several years, until 2012, when it became associated with Silk Road, the now-defunct dark marketplace. This year the decentralized currency captured widestream attention, skyrocketing from $1,000 in February to where it |
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Via BitcoinMagazine – 3:25 pm November 28, 2017 Libra, a developer of blockchain tax and auditing software, has launched Crypto Office, a new product aimed at the industrys biggest players exchanges, market makers and hedge funds.The company will make its formal announcement November 28, 2017, at Consensus Invest in New York, while also naming cryptocurrency exchange ShapeShift and liquidity provider XBTO as early adopters of the technology.The product announcement comes the day after Libra also announced $7.8 million in Series A financing |
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Via BitcoinMagazine – 2:10 am November 28, 2017 The effective management of costs and efficiencies is a vital element for ensuring high-functioning healthcare systems. Nowhere is this trend being more closely watched than in the U.S. and U.K.According to a 2015 report by the Center for Medicare and Medicaid Services, the most recent year for which data is available, total expenditures on healthcare in the United States was $3.2 trillion, approximately 17.8 percent of the nations gross domestic product GDP. Fortune Magazine reported this ye |
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Via BitcoinMagazine – 2:10 am November 28, 2017 Over the last 7 days, bitcoin has seen further, rapid growth as it manages to squeeze a $2,000 rally leading into its current all-time high in the $9700s a staggering 25 growth in 7 days. As discussed in previous bitcoin market analyses, the bitcoin market has progressed in a parabolic envelopeFigure 1 BTC-USD, 1 Day Candles, Macro Parabolic EnvelopeAs of the time of writing this article, the current bitcoin market has broken its linear channel outlined in purple and is now testing the upper |
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Via BitcoinMagazine – 2:10 am November 28, 2017 There is no disputing the fact that the Bitcoin network has scalability problems. Micropayment channels are a solution to increase the transaction rate and speed. Yet, this is not the golden solution This micropayments solution needs a fixed amount of funds to be locked into each channels multisignature wallet and requires a transaction for each channel creation and closure. This hinders the Blockchain network from upscaling to a global payment system because Bitcoins capacity is limited.A r |
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Via BitcoinMagazine – 2:10 am November 28, 2017 Bitcoins capacity is limited. Meanwhile, smart contracts can be resource intensive. So even though Bitcoin has always supported basic smart contract functionality, the two have never been a natural match.But a recent topic of research spearheaded by Blockstream mathematician Andrew Poelstra could help fix this. Recently presented as key part of his presentation at Scaling Bitcoin Stanford, Scriptless Scripts have the potential to completely move certain smart contracts off of Bitcoins blockch |
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Via BitcoinMagazine – 12:55 pm November 24, 2017 In September, SophiaTX announced the first open-source platform to primarily integrate blockchain technology with SAP software, used by 87 percent of global businesses and 98 percent of the top 100 most-valued brands.To advance blockchain into business operations, the blockchain must integrate with ERP enterprise resource planning and other enterprise applications such as SAP, notes the SophiaTX white paper. This sector has been relatively untouched until recently when Equidato Technologies A |
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Via BitcoinMagazine – 7:50 pm November 23, 2017 In Eastern traditions, Zen is often defined as a total state of focus, a merging together of body and mind. It involves dropping illusions and seeing things as they are in the present moment.Based in Tel Aviv, Zen Protocol recognizes that starting in the here and now is vital to innovation and progress. Its mission To create a platform that allows anyone in the world find and use financial products in a highly secure manner.Zen Protocols eclectic team of developers and crypto veterans aims to |
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Via BitcoinMagazine – 7:50 pm November 23, 2017 As a way to eliminate bugs in high-risk code, a style of software programming known as formal verification is making its way into the blockchain world.Put simply, formal verification uses math to specify and analyze a program for errors in logic. However, because of the time and cost involved, formal verification is best reserved for situations where human life or large sums of money are at stake.Currently, formal verification is used to verify the correctness of high-risk code in transportat |
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Via BitcoinMagazine – 7:50 pm November 23, 2017 BtcDrak, the most active pseudonymous Bitcoin Core contributor to date, is making a move into the mining hardware industry. The developer, who besides having contributed to the Bitcoin Core repository also maintainsbitcoincore.organd the Bitcoin Core Community Slack, told Bitcoin Magazine he helped set up ASIC chip manufacturing company Halong Mining over the past year, and produced an initial batch of mining hardware, with plans to ship to consumers in early 2018.We started a mining project |
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Via BitcoinMagazine – 7:50 pm November 23, 2017 Globitex, a new bitcoin exchange co-founded by former Bitcoin Foundation Executive Director Jon Matonis, is announcing that its parent Globitex Holding Latvia group company NexPay UAB has been granted an Electronic Money Institution EMI license by the Bank of Lithuania, a regulatory authority in the European Union, to carry out payment services and e-money issuance in the EU.The acquisition of the EMI license will allow Globitex to integrate with the Single Euro Payments Area SEPA euro paymen |
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Via BitcoinMagazine – 7:50 pm November 23, 2017 Innovative technology companies are leveraging blockchain technology to build next-generation business models and Content Delivery Networks CDNs for video streaming, a multibillion-dollar industry that continues to grow. According to data revealed by Theta Labs, one of the companies covered below, the video content and streaming market accounts for 67 percent of current internet traffic and could reach 82 percent by 2020. The new players promise to decentralize global video streaming, while a |
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Via BitcoinMagazine – 5:35 am November 22, 2017 Tether, a cryptocurrency pegged 1-to-1 to the U.S. dollar, was allegedly hacked today to the tune of $31 million.Tether functions to convert U.S. dollars to a type of cryptocurrency. The projects token USDT is pegged to the dollar and is used in exchange trading. The idea behind Tether is that instead of having to sell your bitcoin or other token for a fiat currency, you can convert it to USDT, and either hold it in USDT or else transfer your USDT to another exchange and use it to purchase to |
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Via BitcoinMagazine – 5:35 am November 22, 2017 Blockchain technologys disruptive force in business and commerce has been well documented. With strong momentum ensuing from its beginnings as the foundational technology supporting Bitcoin, distributed ledger technology shows great promise in terms of its potential impact on the future of our planet.One emerging enterprise at the nexus of these developments is The NAGA Group AG, a German fintech company. NAGAs strategic aim is to create world-class mobile and web applications for the capital |
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Via BitcoinMagazine – 1:10 pm November 21, 2017 With well over $3 billion raised this year alone, in very little time initial coin offerings ICOs have emerged as a major source of venture finance. Even companies that have already raised conventional venture funding will be tempted to raise additional funds through ICOs. Although not fully intuitive, some have labeled token issuances by entities that previously obtained equity financing as Reverse ICOs.One prominent example of a Reverse ICO has already occurred. Recently, Kik Interactive su |
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Via BitcoinMagazine – 6:40 pm November 20, 2017 The soaring fortunes of bitcoin and cryptocurrencies is attracting massive amounts of media attention worldwide. This has led to a steady stream of traders flocking to the space amid record prices and subsequent asset returns. In some circles, this exuberance has to raise concerns about a bubble akin to the great global recession of 2008. On a weekly basis, a seemingly endless stream of new crypto projects, many predicated on little more than a hastily developed white paper and website, are b |
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Via BitcoinMagazine – 11:50 pm November 17, 2017 In case there were any remaining doubts, it now seems clear that the SegWit2x hard fork will not happen.The SegWit2x project, a product of the New York Agreement signed onto by a long list of companies and miners in May, had scheduled a hard fork to double Bitcoins block weight limit today. And while the controversial effort was suspended by leaders of the project last week, this would not have stopped anyone else from proceeding with it. Companies like Coinbase were indeed taking into accoun |
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Via BitcoinMagazine – 9:35 pm November 17, 2017 A group of people are on a mission to bring Bitcoin back to the state of Wyoming after unfriendly laws made it impossible to transact with cryptocurrencies there more than two years ago.The Wyoming Blockchain Coalition announced its formation this week. Its volunteer members aim to create a legal and regulatory environment in the state that welcomes cryptocurrencies and blockchain technology companies with open arms.Among the groups advisors are Patrick Byrne, CEO of Overstock Byrne lives in |
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Via BitcoinMagazine – 9:35 pm November 17, 2017 While trading of crypto-assets is booming, some investors are looking for options to trade traditional assets like stocks via cryptocurrencies. Three new operators are among those developing trading platforms to meet this need, with blockchain-based tokens pegged to the underlying assets.AnkorusAnkorus is establishing a platform that will permit trading traditional assets, including stocks, bonds, futures, options, gold, silver, commodities, ETFs, FX and bitcoin futures with cryptocurrency. A |
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Via BitcoinMagazine – 7:10 pm November 17, 2017 The post Dispelling the Doomsayers The Future of China&39s Blockchain Development is Still Bright appeared first on Bitcoin Magazine. |
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Via BitcoinMagazine – 4:55 am November 17, 2017 This is a re-write of A Beginners Guide to Claiming Your Bitcoin Cash and Selling It. Please note Everything in this article is just advice based on our best understanding of the current situation.Bitcoin Gold also referred to as Bgold, and trading under the ticker BTG launched November 12, 2017. Since the Bitcoin blockchain technically forked on Bitcoin block 491407, anyone who held bitcoin BTC on October 24, 2017 should have an equivalent amount of BTG attributed to their Bitcoin private ke |
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Via BitcoinMagazine – 4:55 am November 17, 2017 Although still in testing phase,thelightning network can now be used to send transactions across different blockchains. The Lightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week ownership of the coins changed hands, while no transaction was recorded on either blockchain.Previous atomic swaps that I have done were on-chain, and had the on-chain limitations of slow transactions and high transaction fees, Litecoin creator |
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Via BitcoinMagazine – 4:55 am November 17, 2017 Throughout the life of bitcoins two-year bull run, it has been confined within two macro trends one parabolic and one linear both on a logarithmic scaleFigure 1 BTC-USD, 1-Day Candles, Macro TrendThe parabolic envelope black curves has confined the entire bull run throughout the last two years. Over the weekend, we saw a test of the lower curve that proved to be proper support and propelled the market into a bounce that now has the market testing the upper linear trendline purple lines at th |
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Via BitcoinMagazine – 7:40 pm November 15, 2017 Shunry Suzuki, the St Zen monk and teacher who helped popularize Zen Buddhism in the United States, once remarked that, In the beginner's mind there are many possibilities, but in the expert's there are few.In many ways, this aphorism captures the entrepreneurial tenor of todays emerging world of blockchain technology, as startup companies seek to address critical issues facing the distributed ledger space.Many would agree that todays financial systems are fraught with centralizatio |
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Via BitcoinMagazine – 7:40 pm November 15, 2017 Tetra, a new entrant in the cryptocurrency exchange sector, describes itself as a semi-decentralized, peer-to-peer exchange with an emphasis on security and usability Tetra will help create the next wave of cryptocoin adoption which will benefit all cryptocurrency users from investors to traders to businesses.The term peer-to-peer exchange tends to suggest the idea of a strong emphasis on privacy and anonymity, as well as a certain level of disdain for Know-Your-Customer KYC rules, meddling r |
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Via BitcoinMagazine – 6:40 am November 15, 2017 Digital technology should make the advertising business more efficient. But it has not at least not from the perspective of companies that place ads or the content publishers who sell ad space to them. Laden with middlemen and clouded by convoluted, proprietary ad placement platforms, the modern digital advertising industry faces serious challenges.New Yorkbased MadHive is on a mission to solve them. Using blockchain technology and smart contracts, MadHive is constructing an ad tech platform |
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Via BitcoinMagazine – 8:10 pm November 14, 2017 Cybersecurity company Kaspersky Lab unveiled Polys, a secure online voting system based on blockchain technology and backed with transparent crypto algorithms, at the companys annual Cybersecurity Weekend event in Dublin.Online voting imposes extremely stringent requirements on the security of every aspect of voting, notes the Polys website. We believe that the blockchain technology is the missing link in the architecture of a viable online voting system.In our Kaspersky Lab Business Incubato |
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Via BitcoinMagazine – 1:25 am November 14, 2017 After weeks of preparation,Bitcoin Gold Bgold BTG is finally launching tomorrow, November 12, 2017.Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year on August 1, Bitcoin Cash Bcash was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing Bitcoins block size limit while removing the Segregated Witness code, Bgold is an attempt to counter Bitcoins mining centralization.The most important difference between |
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Via BitcoinMagazine – 7:10 pm November 11, 2017 After weeks of preparation,Bitcoin Gold Bgold BTG is finally launching tomorrow, November 12, 2017.Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year on August 1, Bitcoin Cash Bcash was the first. Where Bcash attempted to offer an on-chain scaling solution by increasing Bitcoins block size limit while removing the Segregated Witness code, Bgold is an attempt to counter Bitcoins mining centralization.The most important difference between |
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Via BitcoinMagazine – 11:40 pm November 10, 2017 The post NO2X Hard Fork Suspended Due to Lack of Consensus appeared first on Bitcoin Magazine. |
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Via BitcoinMagazine – 11:40 pm November 10, 2017 In our last discussion of the bitcoin market, an emphasis was placed on the $7,000 support level because it represented a historic point of interest and it showed strong signs of support a break of which would ultimately prove to have a strong downward move following afterward.Bitcoin has since broken the $7,000 support level. It then took an immediate $500$600 move downward and has, thus far, shown little interest in bouncing upward. Taking the whole move into view, we can see quite clearly |
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Via BitcoinMagazine – 11:40 pm November 10, 2017 After an unidentified actor accidentally triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer is this vulnerability an anomaly An I told you so Or a humbling opportunity to secure the Ethereum networkWhat HappenedOn November 6, Devops199, an alleged amateur programmer, set off a chain of bugs on Parity, a popular digital wallet for Ethereum. These bugs affected multisignature, or multisig, accounts wallets t |
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Via BitcoinMagazine – 8:55 pm November 9, 2017 Located in the State of Washington northeast of Grand Coulee Dam, the nations largest producer of hydroelectric power, Giga Watt is continuing its steady ascent into one of the top crypto mining operations in the world.Recently, Giga Watt announced a partnership with the decentralized cloud gaming platform, Playkey. The partnership will employ Giga Watts powerful computing infrastructure to expand Playkeys cloud gaming ecosystem.The Playkey model uses both individual miners, including gamers |
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Via BitcoinMagazine – 8:55 pm November 9, 2017 The promise of blockchain technology is coming to the forefront and capturing the imaginations of investors, entrepreneurs and innovators alike. But what many people do not know is how perilous the blockchain journey ahead still is. We live in a world of smoke and mirrors enterprise investors must do their due diligence in navigating these choppy waters making the right investments in the right blockchain technologies to unlock that promised potential. To make the correct investments, we nee |
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Via BitcoinMagazine – 12:00 am November 9, 2017 There will almost certainly be no Bitcoin hard fork next week the main organizers behind the SegWit2x project have suspended their efforts.In an email to the SegWit2x mailing list, one of the main organizers behind the project, BitGo CEO Mike Belshe, explained that the proposed hard fork has not been able to gain sufficient consensus to proceedAlthough we strongly believe in the need for a larger blocksize, there is something we believe is even more important keeping the community together. U |
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Via BitcoinMagazine – 7:30 am November 8, 2017 Stanford University hosted the fourth edition of the Scaling Bitcoin conference over the weekend of November 45 Scaling Bitcoin 2017 Scaling the Edge.The annual conference, sometimes referred to as a workshop, has in its short history grown into somewhat of an institute within the Bitcoin space. It aims to be the main stage for Bitcoins technical and academic communities, with little room for commercial interests and perhaps even less for the scaling drama that has grown to be the norm onlin |
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Via BitcoinMagazine – 12:20 am November 8, 2017 For months on end, BTC-USD had a strong bullish rally that has been well confined between both a linear ascending channel and on a macro scale a parabolic curveFigure 1 BTC-USD, 1-Day Candles, Linear and Parabolic TrendlinesAfter a very strong, bullish rally, bitcoin managed to settle on a new all-time high in the $7,500s. This price peak bounced right off the upper linear ascending trendline shown in Figure 1. Historically, every time bitcoin has touched the upper ascending trendline, the ma |
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Via BitcoinMagazine – 12:20 am November 8, 2017 BTC Inc., parent group of BTC Studios, BTC Labs and BTC Media, and Genesis Mining, a cloud mining service provider, recently announced a partnership to launch Genesis Engineering, a Hong Kongbased joint venture focused on promoting and developing the cryptocurrency mining industry worldwide, with a special focus on emerging and underserved markets.We see opportunities in terms of excess capacity worldwide in such regions as the Americas and Eurasia, said David Bailey, CEO of BTC Media. Center |
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Via BitcoinMagazine – 6:20 pm November 7, 2017 With the exponential growth of cryptocurrency businesses, investing can be complex. This complexity has no doubt hindered mass adoption and prompted the need for trusted user-friendly tools to attract more traditional investors.Specializing in blockchain and smart contract technology, the Canadian technology company Rublix is building a network that could make – not just cryptocurrency trading – but any trading less complex. They are launching the Rublix platform so that investors across the |
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Via BitcoinMagazine – 6:20 pm November 7, 2017 nnnnnnnnnAlongside Bitcoins meteoric rise in global interest andnprice has been a frenzy of activity aroundinitial coinnofferings ICO.According to the online coin offering trackerCoinschedule,nin 2017 alone there have been nearly 250 ICOs collectively raising over $3nbillion. This heightened interest combined with the potential for lucrativenreturns has prompted fears in some investment circles that we are facing anbubble. Indeed, the bubble seems to have already popped to some extent, withnf |
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Via BitcoinMagazine – 1:15 am November 7, 2017 In October 2017, LendEDU, a marketplace for financing loans, credit cards and other financial products, polled 1,000 Americans asking a series of questions related to Ethereum, Ripple and initial coin offerings ICOs. They did this to gain insight into the average Americans perception of cryptocurrency. The poll was conducted by online polling company OnePoll, which acted as a third party and was able to provide an age and gender breakdown of respondents. The poll was answered by 1,000 America |
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Via BitcoinMagazine – 1:15 am November 7, 2017 Alex Tapscott, CEO of NextBlock Global, a venture capital company investing in blockchain technologies, announced in a press release yesterday that he is canceling their plans to go public through a reverse takeover RTO of Nobelium Tech Corp., a company listed on the Toronto Stock Exchange TSX. Tapscott said the young company had stumbled in falsely listing some crypto and blockchain experts as members of the firms advisory board. He is currently talking to NextBlock investors to work out how |
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Via BitcoinMagazine – 4:15 am November 4, 2017 Blockstream is introducing Simplicity, a new programming language for blockchain-based smart contracts, intended for inclusion in Blockstreams sidechains and eventually in Bitcoin. The new language was presented by its creator, Russell O'Connor, Infrastructure Tech Developer at Blockstream, at the ACM SIGSAC Workshop on Programming Languages and Analysis for Security PLAS 2017.Simplicity is a blockchain programming language that is so simple, it fits on a t-shirt, O'Connor told Bitc |
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Via BitcoinMagazine – 2:20 am November 3, 2017 Bitcoin has had a quite a year thus far, to say the least. A 10x return since the beginning of the year has put bitcoin on a parabolic growth path that is testing the limits of this 2-year long bull marketFigure 1 BTC-USD, 3-Day Candles, Parabolic Growth EnvelopeThe gains have been incredible for those trading bitcoin for the last couple years, and it appears that this parabolic envelope is coming to a close. In order for this bull market to remain viable, it will need to keep up on a very ag |
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Via BitcoinMagazine – 2:20 am November 3, 2017 BTC Media, the largest media group in the blockchain and cryptocurrency space, announced the launch of BTC Labs, a venture studio focusing on launching and incubating blockchain applications for the digital media industry on September 25, 2017.BTC Labs, in turn, introduced Storyboard Ventures, a venture financing arm of the organization, seeded with $2 million to fund forward-thinking and promising media projects. According to BTC Media, Storyboard Ventures will be vigorously searching for th |
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Via BitcoinMagazine – 7:05 pm November 2, 2017 nnnnnnnnnIn his book Down The Rabbit Hole Discover The Power of Blockchain, author Tim Leanhighlights the evolution of smart contracts and their use ensuing from thenblockchain. nnThe term smart contract was first coined by ancomputer scientist Nick Szabo, Lea writes. In his 1996 article in thenmagazine Extrophy, he broadly described a smart contract as thenability to bring refined legal practices of contract law to the e-commercenprotocols between strangers and the internet. nnIn their most |
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Via BitcoinMagazine – 5:45 pm November 1, 2017 Increasing improvements to blockchain technology which allows for the transfer of ownership without the use of a centralized third party such as a bank has resulted in the mass availability of blockchain smart contracts. A smart contract is a prewritten software program that automatically performs each party's obligation in an if-then format, while taking advantage of blockchain's decentralized verification system. Uber-secure cryptocurrencies, such as bitcoin, use the same type o |
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Via BitcoinMagazine – 10:35 pm October 31, 2017 On the anniversary of the publication of Satoshi Nakamotos Bitcoin white paper, the price of Bitcoin reached a new all-time high, following the news that CME Group, one of the worlds largest derivatives exchanges, will launch a Bitcoin futures product on November 14, 2017.Futures or derivatives in general are understood by their relationship to risk. They are investment products that can be bought and sold in the future based on being pinned to a fixed price through a contractual agreement. B |
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Via BitcoinMagazine – 10:15 pm October 31, 2017 Artificial Intelligence AI startup SingularityNET, recently covered by Wired as the most tech-hype idea of the year, wants to democratize AI research and facilitate the emergence of human-level AI on a decentralized, open-source platform.SingularityNET operates on a belief that the benefits of AI should not be dominated by any small set of powerful institutions but should be shared by all. A key goal of SingularityNET is to ensure the technology is benevolent according to human standards, and |
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Via BitcoinMagazine – 10:15 pm October 31, 2017 The prime minister of Slovenias speech in support of blockchain technologythis week has solidified the countrys position as the leading blockchain destination in the European Union and a key player in the regulatory field.After the difficult ordeal of the economic crisis we are coming back to life, we are growing again, and we are finding that we are creating numerous success stories, which inspire us but also obligate us, said Prime Minister Miro Cerar. We have emerged from the crisis stron |
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Via BitcoinMagazine – 10:15 pm October 31, 2017 On October 27, 2017, disruptors in the cryptocurrency field gathered at the San Francisco Ethereal Summit.Sponsored by ConsenSys,the summit provided a diverse mix of panels and workshops that demystified the initial coin offering ICO or token generation event.Side note Vernacular is key. Referring to a token launch as an ICO is soSeptember. The process is now referred to as a token generation event. At the How to Launch a Token panel, token generation event veterans Galia Benartzi co-founder |
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Via BitcoinMagazine – 7:30 pm October 31, 2017 Todays native advertising world, where a publication's editorial content is paid for by an advertiser to promote their product or service is fraught with challenges threatening the ad industry. Due in part to the growing dominance of digital media giants like Facebook, Google, and Amazon, display advertising conversions continue to experience a decline. This trend has spurred efforts to find new solutions for navigating the prevailing advertising ecosystem in a scalable, trustworthy and |
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Via BitcoinMagazine – 7:30 pm October 31, 2017 nnnnnnnnnThe global healthcarenmarket is vast and complex, with equity funding to digital health companiesnhaving reached $5.8 billion so far this year. Within this space, myriad modelsnof healthcare delivery are being employed as breakthrough technologies are introduced. nnnnA concept thats gainingnincreased attention is the patient-oriented medical network. In this model, patients can manage and control their healthcare datanthrough a mobile electronic medical record EMR information theyre |
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Via BitcoinMagazine – 7:30 pm October 31, 2017 The hard fork part of the New York Agreement is scheduled to take place within about two weeks. This incompatible protocol rule change is set to increase Bitcoins block weight limit, to allow for more transactions on the network if everyone adopts the change. Otherwise, it will create a new blockchain and currency that may or may not be considered to be Bitcoin.The list of signatories of this agreement includes several of the largest Bitcoin startups and mining pools that, together, claim to |
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Via BitcoinMagazine – 11:00 pm October 30, 2017 After bouncing back and forth from $5100 to $6100, BTC-USD managed to squeeze out one more albeit short-lived all-time high. This article is going to present an update to the last discussion regarding the potential Wyckoff Distribution and provide a more contextualized, macro-view of the current bitcoin market. Before reading any further, I would like to emphasize the word potential within the context of this discussion because until the market actually reverses, this is nothing more than a p |
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Via BitcoinMagazine – 4:55 pm October 28, 2017 The SegWit2x hard fork is drawing closer by the day. Within little over two weeks after the publication of this article, a group of Bitcoin companies and miners plans to double Bitcoins block weight limit as per the New York Agreement.But it currently seems certain that not everyone will adopt this incompatible protocol change. As such, the SegWit2x fork would result in two different blockchains and two different currencies. For the purpose of this article, these two blockchains will be refer |
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Via BitcoinMagazine – 8:10 pm October 27, 2017 New Yorkbased decentralized internet and developer platform Blockstack has announced its own token sale.Blockstack recently partnered with a number of venture capital groups to launch the $25 million Blockstack Signature fund. The group also released the Blockstack Token Whitepaper, which explains the technical details of the Blockstack Token mining system, the incentive mechanisms and genesis block. The white paper highlights that the traditional internet is a 40-year-old technology that was |
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Via BitcoinMagazine – 9:05 pm October 26, 2017 There are more than 900,000 active gas and oil wells in the United States, according to Drillinginfo. Unfortunately, recycling and cleaning the contaminated water has not been an option, with companies typically transporting the produced and flowback water in barrels to underground disposal well facilities.That is until now.U.S.-based Genesis Research & Technology Group has developed, tested and patented a new water purification technology system that can be utilized for multiple appli |
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Via BitcoinMagazine – 4:50 pm October 26, 2017 Decred, which describes itself as an autonomous digital currency for the people, is announcing the launch of an intelligent blockchain proposal system. Powered by Politeia, a stand-alone tool for off-chain data storage, the system allows anyone in the community to submit a formal proposal for the evolution of the Decred platform. This proposal is time-stamped, versioned and permanently stored in an off-chain repository to promote transparency and eliminate the possibility of censorship.Decred |
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Via BitcoinMagazine – 10:55 pm October 25, 2017 nnnnnnnnnTrustlessness is a term oftennquoted as a feature of blockchain technology but what does that mean and is absolutenzero trust a myth or really true Praised as one of the characteristics thatnmake the blockchain so revolutionary, a trustless system is one where two peersncan enter a virtual hand shake agreement, i.e. smart contract, without relying on antrusted third party to facilitate. nnnnBlockchains are good at beingnpermissionless and having decentralized tasks that are recorded |
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Via BitcoinMagazine – 10:55 pm October 25, 2017 In Canada, steps are being taken to bring Initial Coin Offerings ICOs within the regulatory framework. TokenFunder, a Toronto-based startup that helps other startups launch and manage ICOs, is the first company to win approval for an ICO by the Ontario Securities Commission OSC.While some ICOs have come under regulatory scrutiny lately, TokenFunder CEO Alan Wunsche believes that ICOs can be done right, with built-in safeguards to avoid fraud.Wunsche said in a press release issued to Bitcoin M |
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Via BitcoinMagazine – 9:30 pm October 25, 2017 Overstock CEO Patrick Byrne believes that one day all company shares will be blockchain-based equity tokens classed as securities, and they will need a regulated exchange to trade on.To raise funds to develop that exchange, the online retail giant is launching an initial coin offering ICO for T0.com tZero, the companys blockchain-focused subsidiary and trading platform that supports equity tokens.Byrne announced details of the ICO at Money20/20 in Las Vegas on October 24, 2017.The ICO will ta |
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Via BitcoinMagazine – 9:40 pm October 24, 2017 Its no secret that the digital economy relies on user engagement. Recently, industries such as pharmaceuticals, information technology and finance have standardized engaging customers as a way to develop new products and services. However, in most of these cases, user engagement is limited to the initial or final steps of development, rarely does a projects development engage users at every stage of the process.Recently, this paradigm has changed. User involvement across a wide spectrum of se |
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Via BitcoinMagazine – 9:40 pm October 24, 2017 BitGive Foundation, a nonprofit organization, announced the launch of the beta version of GiveTrack, a blockchain-based platform that allows donors to donate bitcoin to charitable causes and track those donations in real time.Connie Gallippi, founder of BitGive, made the announcement on October 24, 2017 at Money20/20, a four-day payments and finance event in Las Vegas.It is a real working version this will be the first time that it has gone live for anyone to access it, Gallippi said of the p |
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