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Bitcoin Cash – Another Fork in the Road for Bitcoin

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Bitcoin Cash - Another Fork in the Road for Bitcoin Last week the bitcoin community and investors breathed a sigh of relief as BIP 91 locked in and activated, signalling what we thought was a great step forward in finally resolving the long standing Bitcoin scaling debate. Confidence soared and the price recovered from a previous tumble. And then came a twist. In the last 72 hours, Bitcoin increasingly looks as though it is heading for a user activated hard fork (UAHF) called Bitcoin Cash. It is scheduled for the notorious date of 1 August 2017, previously earmarked as the [...]

Indian Trade Survey – 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low

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Indian Trade Survey - 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low A study by India’s market and trade body has found that while 97 percent of participants are aware of bitcoin, its use within their services remains low. PHD Chamber of Commerce and Industry, which plays a role in India’s industrial development processes, hosted a meeting ‘Roundtable on Industry Perspective on Bitcoins: A New World of Payments and Deals,’ on Wednesday, according to News 18. According to the report, the trade and industry body asked 223 stakeholders ranging from fabrics, electronic devices and automobile parts, to [...]

Philippine Government Yet to Approve Cryptocurrency Exchange Applicants

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Philippine Government Yet to Approve Cryptocurrency Exchange Applicants Philippine business press, Businessmirror, has reported that the government has been yet to approve a single virtual currency exchange application. The Philippine central bank, Bangko Sentral ng Pilipinas, introduced regulations for virtual currencies earlier this year – which focussed heavily on creating guidelines for the operations of cryptocurrency exchanges. The Philippine Central Bank Has Received Less Than 10 Applications For Virtual Currency Exchange Registration The Philippine Central Bank’s Supervision and Examination Sector told Businessmirror that it has not approved any applications for entities seeking to register and establish cryptocurrency exchanges. It has [...]

Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM

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Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM A Malta entrepreneur has installed the country’s first cryptocurrency ATM. The installation has occurred just days after local media reported that a start-up had launched a crowdfunding campaign to finance the country’s first bitcoin ATM. The Cryptocurrency ATM Has Been Installed Days After a Crowdfunding Campaign Was Launched to Fund a Rival Terminal A local Malta entrepreneur, Gabriel Cretu Torica, has installed the country’s first cryptocurrency ATM. The terminal has been installed outside a store in Sliema and facilitates bitcoin purchases and balances checks via QR codes.   Mr. Torica discussed [...]

All Cryptocurrency Prices Today Have Volatile Swings

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All Cryptocurrency Prices Today Have Volatile Swings   All Cryptocurrency prices were volatile today, and most were down as of 2:00 p.m., with the total value of the global marketplace falling from nearly $95 billion to roughly $86.8 billion over the last 24 hours. The biggest story moving cryptocurrency prices today (Tuesday) was renewed fear over a potential August fork in Bitcoin that could split the currency. Bitcoin Cash has announced plans to proceed with a fork. BCC is generating support ahead of its planned first day of trading in August. Two exchanges – Bithumb and Kraken – have confirmed [...]

Now You Can Pay For Your University Degree With Cryptocurrency

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Now You Can Pay For Your University Degree With Cryptocurrency Cryptocurrency has taken the online e-currency market by storm in recent years. The likes of Bitcoin have gone all out and it’s currently the fastest growing e-currency in the world by a considerable margin. As of July 2017, Bitcoin has made investors billions and it’s currently worth more than $2,200 apiece. It’s uncertain how much further the value of Bitcoin is expected to grow, but as its market cap alone was valued at more than $40 billion in May 2017, it’s certainly a cryptocurrency worth implementing online. That’s why many [...]

Ripple has risen by almost 3,000% this year

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Ripple has risen by almost 3,000% this year It’s not just Bitcoin and Ethereum posting astonishing gains. Ripple, a cryptocurrency based out of San Francisco, has risen in value by almost 3,000% this year.   One Ripple token, known as XRP, is currently valued at just below US20 cents. XRP started the year at the fractional value 0.0065, but experienced rapid growth in the June quarter as transaction volumes increased.   According to a report by CNBC, that growth was primarily driven by plans to set up a platform for the sale of XRP tokens.   XRP tokens differ from [...]

The crypto-currency craze

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The crypto-currency craze   In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights. Then the bubble burst. Now there are warnings of another technology investment bubble - this time related to the fascination with crypto-currencies such as Bitcoin. On the Tech Tent podcast this week, we examine the phenomenon of ICOs - Initial Coin Offerings - which have seen over $1bn raised so far this year from investors who get little more than a token and a vague promise of involvement in [...]

Bitcoin is booming because a split in the cryptocurrency has been narrowly averted

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Bitcoin is booming because a split in the cryptocurrency has been narrowly averted   Bitcoin has risen as much as 28% over the past 24 hours, driven by news that an imminent split in the cryptocurrency has been narrowly averted. The price of bitcoin nearly hit $3,000 late on July 20, within spitting distance of its all-time high, set last month. The remarkable rally took place as bitcoin’s miners coalesced around one of several competing proposals that would increase the number of transactions that can be processed on the network. The issue has gained urgency in recent months, because one [...]

Bitcoin recovers from crash to surge above $2,500

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Bitcoin recovers from crash to surge above $2,500   BITCOIN'S price has continued to bounce back, and rocketed by around 40 per cent over the last three days as it recovers from lows seen at the start of the week. The cryptocurrency jumped above $2,500 towards $2,600, after touching lows of $1,852 on July 17.   Traders were spooked by fears that Bitcoin could be split.   But the recovery has been helped after software has helped bridge the gap between bitcoin miners.   The cryptocurrency has previously reached record highs of $3,000 but some analysts have predicted the rally [...]