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Posts Tagged ‘BITCOINS’

New Transport Layer bloXroute Promises to Solve Bitcoin’s Biggest Problem

bloXroute Labs and a team of Northwestern University students believe Bitcoin’s biggest problem, scalability, can be solved without affecting its chief virtue — decentralization. Northwestern and bloXroute Labs Are Working to Solve Scalability Issue Critics have always identified the limited number of transactions that Bitcoin’s 00 network can process as its most significant problem. They…

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Bitcoin’s Price Falls Below $6K to Near 2018 Low

The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world’s largest cryptocurrency within 2 percent of its 2018 low.  At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24.…

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Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group approached and solicited Finnish businessman Aarni Otava Saarimaa in June…

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Squire Ltd. to Develop Next Generation 10nm ASIC Chips and Trade Bitcoins

Squire Mining Ltd. recently announced the closing of a non-brokered private placement equity financing of Canadian $25,500,000 to fund the developing, manufacturing, and selling data mining infrastructure and system technology. The Next Generation of 10nm ASIC Chips Is Coming The dizzying growth of the blockchain and crypto asset industry continues to attract new investors. Squire…

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Researcher: Bitcoin’s Value Proposition Still ‘Massively Underpriced’

Bitcoin may still be significantly undervalued due to mainstream investors missing its “value proposition,” a Swiss researcher has concluded. ‘Only Viable Candidate For Non-Sovereign Store Of Value’ Thomas Huber — a member of the Chair of Entrepreneurial Risks at the Department of Management, Technology and Economics at ETH Zurich university — made the claims as…

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BitMEX Breaks Industry Record With 1 Million Bitcoins Traded in One Day

Hong Kong-based trading platform Bitcoin Mercantile Exchange (BitMEX) has revealed it traded over 1 million Bitcoin in the 24 hours through July 24. ‘Astronomical Surge’ In Volume As Bitcoin prices continue to hover above $8000, major exchanges have handled daily volumes exceeding $5 billion this week. For a single venue, however, BitMEX claims it has…

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Bitcoin’s Price Is Nearing $10K On a Single, Troubled Exchange

Cryptocurrency exchange WEX continues to see prices well out of step with the broader market amid a near-total freeze on customer withdrawals. As CoinDesk reported, customers of WEX – a kind of successor to the now-defunct cryptocurrency exchange BTC-e – have been on tenterhooks since July 12, as they’ve largely been unable to get outbound…

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Bitcoin’s Bull-Run Giving New Life to Cryptocurrency Stocks

July’s bitcoin price rally has provided a welcome relief for many of us — and where the king goes, so follow his princes, barons, earls, and even the court jesters. In what seems to be indicative of a market-wide bounce, even crypto-tag-along-stocks seem to be experiencing a revival.  All Aboard … the Right Chain Towards the…

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Bitcoin’s Future Looks Bright for the First Time in 2018

Bitcoin has seen a bombardment of negative publicity and volatility as it’s price plummeted from December highs of almost $20,000 per coin to where it currently sits in the mid $7,000s. However, with this extreme volatility, the trends seemed to have switched this week with many possible catalysts to blame. A Bright Future Ahead Catalysts…

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