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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 [...]