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Bitcoin Development Similar to 1800s Gold Rush

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Bitcoin Development Similar to 1800s Gold Rush      Present day Bitcoin and altcoin development appear to be recounting a theory that played out in the early mining industry. As was the pattern during the actual gold rush of the 1800s, while some people took the risk and spent their time looking for gold, other folks watched on non-judgmentally and lucratively supplied the "picks and shovels" that enabled the fever-pitched masses to take a shot at "striking it big." Drawing on some similarities and contrasts between the actual "gold rush" and the new "digital gold rush" provides a good framework to [...]

Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red

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Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red      Cryptocurrency traders woke up to a sea of red this morning , as 92 of the top 100 cryptocurrencies by market cap experienced a marked price decline. The bitcoin price led the retreat, falling over 6% toward $2,400. Bitcoin has declined almost $600 since it pierced the $3,000 barrier two weeks ago. No Flippening Today Bitcoin price declines always increase discussions about the “Flippening,” the potential future event when another cryptocurrency (presumably Ethereum) will supplant bitcoin as the largest cryptocurrency by market cap. However, Ethereum has been dealing [...]

Factors Pushing Bitcoin Prices Higher in 2017

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Factors Pushing Bitcoin Prices Higher in 2017 For newcomers to the market looking to make a quick win, the rollercoaster of a year has probably been a time of scratching heads and possibly a few tears shed. For the long-term investor, however, these periods are part of the journey and opportune times to snap up some more coins when the price takes a dip. Despite the precautionary cries of ‘bursting bubbles’, these market corrections are an anticipated occurrence.      Legislative Changes for Cryptos Earlier this year, Japan announced that as of 1 April 2017, the country would recognise bitcoin as [...]

The Cannabis Industry, the Blockchain, and Dennis Rodman Gives PotCoin a New High

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The Cannabis Industry, the Blockchain, and Dennis Rodman Gives PotCoin a New High     Cannabis has been legalized in numerous states across the United States. However, the cannabis industry is still plagued with limited access to banking services as traditional banks want to avoid dealing with businesses that engage in business activities that are still largely illegal under federal law. That is where cryptocurrencies could offer a solution. Due to the loosening of anti-cannabis laws across America, the legal weed retail industry has grown quickly over the years and is expected to keep growing rapidly as more states debate and [...]

Boom Time: Ethereum Price Surpasses $400 in All-Time High

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Boom Time: Ethereum Price Surpasses $400 in All-Time High      Ethereum price surged Monday to $407.10, a record high, largely on the growing investment in cryptocurrency driven in large measure by bitcoin. Monday’s record high marked more than a 5,000 percent gain this year for Ethereum, which was trading at under $8.00 in January.Posting close to a 14-point gain in the last 24 hours, Ethereum was closing in on bitcoin, which suffered nearly a 10-point drop in the last 24-hour period, according to coinmarketcap.com. By the end of the day Monday, Ethereum’s market cap was $36.447 billion, compared to $43.997 [...]

Billionaire Investor Sets Example Investing in Altcoin ICO

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Billionaire Investor Sets Example Investing in Altcoin ICO      A billionaire investor best known for buying roughly 30,000 Bitcoins as part of the first government auction of the digital currency in 2014, is setting precedent as he stands behind a crypto token to be launched by a new startup. Tim Draper told Reuters in an interview that his participation in the initial coin offering (ICO) of Tezos slated later this month will be his first. The new Blockchain platform launched by a husband-and-wife team with extensive Wall Street and hedge fund backgrounds will launch the ICO on May 22. Tezos [...]

BTCChina, Huobi, OKCoin Face Administrative Punishment in China

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BTCChina, Huobi, OKCoin Face Administrative Punishment in China      Flagship Chinese Bitcoin exchanges are set to face “administrative punishments” over flouting regulatory norms in the past. A report by local resource Caixin, summarized by cnLedger, states the People’s Bank of China (PBoC) will shortly issue the document to BTCChina, OKCoin and Huobi. Details of what the so-called Notice of Administrative Punishment will require remain “unknown” cnLedger says. The report added that the long-awaited hard-and-fast regulations governing cryptocurrency exchanges in China are due next month. “Official regulation details on bitcoin trading platforms and bitcoin AML standards still under work, may be [...]

Litecoin, Silver to Bitcoin’s Gold, Now Aims at $50 Goal

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Litecoin, Silver to Bitcoin’s Gold, Now Aims at $50 Goal      Now that the Litecoin price is hovering at around $30 - as the Lightning Network, expected to make transactions faster on the network, is set to kick off in about two days - is it time for the digital currency, dubbed as the silver to Bitcoin’s gold, to aim for the $50 goal? As it stands, its market cap has crossed the $1 bln mark to join the three other major networks - Bitcoin, Ethereum and Ripple - In the category. "This is a huge plus for the currency [...]

Bitcoin? Ethereum? Ripple? Three Reasons to Consider Investing in Cryptocurrency

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Bitcoin? Ethereum? Ripple? Three Reasons to Consider Investing in Cryptocurrency      Bitcoin is beginning to seem like a viable currency, especially since reaching the $2,000 mark. Major setbacks, such as the loss of $480 mln due to Mt. Gox’s neglectful management of Bitcoins, have caused the cryptocurrency to plummet in the past. Slowly but surely, the first-ever Blockchain currency has climbed back. Presently, Bitcoin is performing better than it ever has. Early in 2017, Bitcoin price hit historic highs, surpassing the value of gold. Nearly a decade after Bitcoin’s quiet release, dozens of copycat currencies have arisen. Utilizing Blockchain, a [...]

Bitcoin Break $3,000 Do Not Miss This

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The price of bitcoin topped $3,000 for the first time in history today, according to the CoinDesk Bitcoin Price Index (BPI). If you want to double your bitcoin every 40-50 days then we have a platform for you that you do not want to miss. [Ckick Here] or copy and paste in your browser http://hivepush.com/ekjxanbwtw/1096 After spending much of the last week seeking direction in the $2,700 to $2,900-range, the average price of bitcoin across major international exchanges edged up over this threshold finally at roughly 17:00 UTC. The new record comes at a time when alternative digital assets are seeing robust [...]