Tuesday, September 29Your Daily Bitcoin & Altcoin News Portal

BITCOIN

Room for More? Bitcoin Cash Defends $300 Amid Competition

Room for More? Bitcoin Cash Defends $300 Amid Competition

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Room for More? Bitcoin Cash Defends $300 Amid Competition Is the market big enough for two forked bitcoin currencies? Early indications suggest so, as bitcoin cash is alternating gains with losses by trading in a tight range so far on Wednesday. At press time, the bitcoin cash-US dollar (BCH/USD) exchange rate is $328. As per CoinMarketCap, the cryptocurrency has lost just 2 percent in the last 24 hours. Still, the lack of price movement may be encouraging for supporters. BCH has stubbornly defended the $300 mark even amid the noise surrounding this week's bitcoin hard fork and the creation of another rival project – bitcoin gold – that adopted a same go-to-market strategy. For more than two weeks, dips below $300 have been quick
Swedish Company Cryex that Tried to Build Blockchains for Banks is Being Bought Out – Bitcoin News

Swedish Company Cryex that Tried to Build Blockchains for Banks is Being Bought Out – Bitcoin News

BITCOIN
Please share if you find this article interesting. Swedish Company Cryex that Tried to Build Blockchains for Banks is Being Bought Out - Bitcoin News Featured Cryex, a company that intended to build blockchains for banks, is being sold off for bottom dollar. The business started to face difficult economic times, according to a news piece published today in Swedish media. The Swedish-based bitcoin exchange Safello are buying in exchange for shares, no cash involved, according to reports. Cryex originally burst into the spotlight in 2015 when investors poured 10+ millions of dollars worth of seed funding into the company.  Also read: South Africa’s Bidorbuy Sees Sixfold Increase with Bitcoin The Breakit article elaborated: “Now the company is about to be sold. A sale which is
Bitcoin Gold Shakes Prices While Industry Ups 2x Rhetoric

Bitcoin Gold Shakes Prices While Industry Ups 2x Rhetoric

BITCOIN
Please share if you find this article interesting. Bitcoin Gold Shakes Prices While Industry Ups 2x Rhetoric Bitcoin dipped back below $5,500 Wednesday as a three to six percent downturn hit the majority of cryptocurrency markets. 36 hours after Bitcoin Gold became the second fork of the Bitcoin network, Bitcoin prices came down from their $6,100 highs to hit a low of $5,479, according to data from Bitstamp. $10 bln has also disappeared from Bitcoin’s market cap since hitting the highs, with market dominance remaining above 56 percent. In line with current trends, mainstream media picked up on the downturn, with CNBC sounding the alarm about a Bitcoin low of $5,374 and a “plunge” in Bitcoin Gold of 66 percent since it began trading on Bitfinex. We have finished the BTG snapshot
Bitcoin Accessibility From a Blind Person’s Perspective – Bitcoin News

Bitcoin Accessibility From a Blind Person’s Perspective – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Accessibility From a Blind Person's Perspective - Bitcoin News Interview Last week a fundraiser was started in order to get Satoshi Nakamoto’s original bitcoin white paper written in Braille for blind people. Thanks to the generosity of many bitcoin proponents, the project’s funding was successfully completed, and the paper will soon be made available to the general public. Also read: UK’s Tickmill Adds Bitcoin to its Forex Platform Currently, there is an initiative in the works to transcribe Satoshi’s white paper in Braille, a tactile writing system used by individuals who are visually impaired. The creator of the project explains that Satoshi’s paper has been translated into multiple languages, but has yet to be t
Bitcoin Silver Wants to ‘Make Bitcoin Decentralized Again’ Amid More 2x Rejections

Bitcoin Silver Wants to ‘Make Bitcoin Decentralized Again’ Amid More 2x Rejections

BITCOIN
Please share if you find this article interesting. Bitcoin Silver Wants to ‘Make Bitcoin Decentralized Again’ Amid More 2x Rejections As more cryptocurrency exchanges drop support for SegWit2x, yet another fork may soon grace the industry in the form of Bitcoin Silver. Coming less than a day after Bitcoin Gold forked from the BTC Blockchain, Bitcoin Silver’s developers wrote on the Bitcointalk forum they intend to “make Bitcoin decentralized again.” Their description reads: “...Bitcoin Silver will provide an opportunity for countless new people around the world to participate in the mining process with widely-available consumer hardware that is manufactured and distributed by reputable mainstream corporations.” While no technical details are currently available, Bitcoin Silver
More Rumors Amazon Could Accept Bitcoin as All Eyes on Conference Call

More Rumors Amazon Could Accept Bitcoin as All Eyes on Conference Call

BITCOIN
Please share if you find this article interesting. More Rumors Amazon Could Accept Bitcoin as All Eyes on Conference Call Further rumors are surfacing that Amazon will announce a Bitcoin-related innovation Thursday, as a German newspaper fuels speculation. In an article Tuesday, Die Welt reported that fintech sources in Silicon Valley were echoing previous hints from investor James Altucher that the global giant could soon integrate Bitcoin as a payment option. Altucher made the comments in a report last month, citing Thursday’s conference call as a D-Day moment for Amazon and Bitcoin. Ahead of the call, which anyone can listen to, momentum that the rumors actually hold substance are mounting. “Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be
Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound

Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound Bitcoin is gathering fresh upside traction this Wednesday. At press time, the bitcoin-US dollar (BTC/USD) exchange rate is $5,540, up 3 percent from the intraday low of $5,376, but still down 2 percent on a daily basis. Week-on-week, BTC is trading largely unchanged, while on a monthly basis, it is up 41 percent. But, it's perhaps the daily recovery that is most notable. While slight, it can be read as encouraging as it follows the news that bitcoin gold, a new publicly traded copy of the bitcoin network was made available to investors on exchanges yesterday. While the asset is not yet issued by developers, many exchanges made IOU versions of BTG available, putting sel
Bitcoin Price Dives Over 5% as Bitcoin Gold Enters the Market

Bitcoin Price Dives Over 5% as Bitcoin Gold Enters the Market

BITCOIN
Please share if you find this article interesting. Bitcoin Price Dives Over 5% as Bitcoin Gold Enters the Market Bitcoin Gold came into existence on Tuesday as a new iteration of the original Bitcoin Blockchain forked off. This fork comes less than three months after the controversial Bitcoin Cash fork and its effects are being felt. It should be noted that the use of the word “fork” is done lightly. As Bitcoin Gold has essentially zero chance of replacing Bitcoin in the marketplace, it’s more of an air-drop than a chain split. However, there has been some market turbulence. The aim of Bitcoin Gold Bitcoin Gold is “an adjustment” of the Bitcoin Blockchain that claims to try and once again make mining accessible to the general public. Miners and major mining operations and pools
Industry Leaders Give Perspective on Bitcoin Forks: Some Advantages, Many Problems

Industry Leaders Give Perspective on Bitcoin Forks: Some Advantages, Many Problems

BITCOIN
Please share if you find this article interesting. Industry Leaders Give Perspective on Bitcoin Forks: Some Advantages, Many Problems Once an obscure Bitcoin feature, talk of forks now dominates conversation in the community. From Bitcoin Cash to Bitcoin Gold to SegWit2x, forks have abounded lately. Cointelegraph has written about forks before, what they mean and their consequences. Now we’ve had the opportunity to talk to a number of other industry leaders about their perspectives. Here’s what we’ve learned. Bad news for Bitcoin Sol Lederer, Blockchain Director at LOOMIA, believes forks are harmful. He writes: “These forks are very bad for Bitcoin. We are looking at a possible fork on Oct. 25 with Bitcoin Gold and another one next month for SegWit2x. Saturating the market with
Bitcoin Forks or Bailouts? India Gives 1.3% of GDP in Free Cash to Banks

Bitcoin Forks or Bailouts? India Gives 1.3% of GDP in Free Cash to Banks

BITCOIN
Please share if you find this article interesting. Bitcoin Forks or Bailouts? India Gives 1.3% of GDP in Free Cash to Banks Bitcoin holders are not the only ones getting free money this quarter as India prepares to inject $32 bln into its banks. While exchanges in the increasingly important Bitcoin economy announce their perspectives on the Bitcoin Gold and SegWit2x hard forks, legacy finance is getting a “game-changing” government bailout to curb bad loans. As CNBC reports quoting Goldman Sachs forecasts, India could see economic growth from the giant remedial package, which equals 1.3 percent of the country’s GDP. GDP growth could rise “up to five percent” a year after the injection, the bank states. India’s domestic financial institutions have been worrying investors increasin