Sunday, September 15Your Daily Bitcoin & Altcoin News Portal
Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin – Bitcoin News

Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin – Bitcoin News

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Please share if you find this article interesting. Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin - Bitcoin News News Bitcoin developer Jimmy Song is on a mission to redefine the default standard for measuring bitcoin. If Song has his way, BTC will be recorded in “bits” by default, with each bit corresponding to one thousandth of a bitcoin. His Bitcoin Improvement Proposal for bits was submitted in December and this week, the plan came a step closer to reality after Shapeshift’s Erik Voorhees threw his weight behind the plan. Also read: Jimmy Song Uses Andreas Antonopoulos Model, Open Sources Forthcoming Book One Bitcoin, One Thousand Bits The notion of rebranding bitcoin so that the cryptocurrency can be referenced in more relatable amounts is
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Cryptocurrency Valuations Have Created Very Wealthy Founders – Bitcoin News

Cryptocurrency Valuations Have Created Very Wealthy Founders – Bitcoin News

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Please share if you find this article interesting. Cryptocurrency Valuations Have Created Very Wealthy Founders - Bitcoin News Finance Bitcoin has been on a tear for well over a year now, but a few other cryptocurrencies have increased in value far more than BTC. This past week the two digital assets ripple (XRP) and ethereum (ETH) have spiked in value exponentially, making the founders of these projects some of the wealthiest men in the world — Right up there with bitcoin’s creator Satoshi Nakamoto. Also read: Visa Veto Leaves Several European Cryptocurrency Cards Locked Out The Founders of Bitcoin, Ripple, and Ethereum Are Among the Richest Individuals On Earth The total market capitalization of all the digital assets combined is currently over $770Bn and is quickly approa
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Crypto Euphoria As Lemonade Making Company Buying Bitcoin Miners

Crypto Euphoria As Lemonade Making Company Buying Bitcoin Miners

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Please share if you find this article interesting. Crypto Euphoria As Lemonade Making Company Buying Bitcoin Miners A former iced tea and lemonade manufacturing company, Long Island Iced Tea, is investing in Bitcoin mining machinery. This move comes after the company watched its stock price jump 500% following a name change to Long Blockchain. The company made the name change two weeks ago, capitalizing on the Blockchain euphoria sweeping the globe. The company has announced that it will offer 1.6 mln shares at $5.25 per share, hoping to raise $8.4 mln. The company’s press release indicated that the stock sale would allow the company to move into the Bitcoin mining business. "The Cryptocurrency mining equipment expected to ship in January 2018 for immediate deployment in experie
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‘Go Beyond Headlines, Hype to Find Crypto Risks’ Urges Idaho Finance Chief

‘Go Beyond Headlines, Hype to Find Crypto Risks’ Urges Idaho Finance Chief

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Please share if you find this article interesting. ‘Go Beyond Headlines, Hype to Find Crypto Risks’ Urges Idaho Finance Chief Idaho lawmakers have told the public to “look beyond the headlines” so they can “understand the risks” posed by investing in cryptocurrency. In an official news release Thursday, the state’s Department of Finance (DATE) quoted director Gavin Lee saying investors should avoid “hype” when products or services involving cryptocurrency of any kind are involved. He warned: “Investors should go beyond the headlines and hype to understand the risks associated with investments in cryptocurrencies, as well as cryptocurrency futures contracts and other financial products where these virtual currencies are linked in some way to the underlying investment.” In issuin
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Dogecoin Developers Lament Billion Dollar Market Cap Milestone – Bitcoin News

Dogecoin Developers Lament Billion Dollar Market Cap Milestone – Bitcoin News

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Please share if you find this article interesting. Dogecoin Developers Lament Billion Dollar Market Cap Milestone - Bitcoin News Altcoins Following last month’s boom in price, Dogecoin now boasts a total market capitalization of over $1 billion USD. Curiously, the price milestone appears to have garnered criticism from the projects developers and creator – who have criticized the preponderance of speculative considerations within the cryptocurrency markets. Also Read: Stellar Rockets into the Cryptocurrency Top 10 After Tripling in a Week Dogecoin Now Boasts a $1.16 Billion Market Cap The Dogecoin markets reached the historic 10-figure threshold following DOGE’s 400% price gains that were witnessed during December 2017. As of this writing, the price of the DOGE is testing re
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Visa Suspends WaveCrest Status, Stopping Some Crypto Credit Cards

Visa Suspends WaveCrest Status, Stopping Some Crypto Credit Cards

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Please share if you find this article interesting. Visa Suspends WaveCrest Status, Stopping Some Crypto Credit Cards A great many of Visa’s cryptocurrency debit cards have ceased working today as the company ended its relationship with a debit card provider called WaveCrest. Affected cards are those issued by WaveCrest, including products from CryptoPay, Bitwala, TenX, Wirex and others. The move, which first appeared to be cryptocurrency related, is in fact simply a crackdown against the WaveCrest company, who has apparently violated Visa’s policies. A Visa representative has told TNW: "We can confirm that WaveCrest’s Visa membership is being terminated due to continued non-compliance with our operating rules. All of WaveCrest’s Visa card programmes will be closed as a result. V
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Report Reveals 18% of Investors Buy Bitcoin With Borrowed Money – Bitcoin News

Report Reveals 18% of Investors Buy Bitcoin With Borrowed Money – Bitcoin News

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Please share if you find this article interesting. Report Reveals 18% of Investors Buy Bitcoin With Borrowed Money - Bitcoin News Finance Just recently the consumer group Lendedu released a report on bitcoin investors who use credit to purchase digital currencies. According to the survey, out of 672 active bitcoin investors polled, 18.15 percent of the participants used a credit card to fund bitcoin purchases. Also read: French Entrepreneur’s Case to Overturn the Bitlicense Dismissed Out of 672 Surveyed 18 Percent of Lendnedu’s Participants Use Credit Cards to Purchase Bitcoin Last year’s consumer Nilson report detailed that the world’s outstanding credit card debt has accumulated to over $1 trillion and the debt continues to grow exponentially. With cryptocurrencies trendin
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Markets Update: Bitcoin’s Price Re-Captures the $16K Territory – Bitcoin News

Markets Update: Bitcoin’s Price Re-Captures the $16K Territory – Bitcoin News

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Please share if you find this article interesting. Markets Update: Bitcoin's Price Re-Captures the $16K Territory - Bitcoin News Market Updates The weekend is coming, and things are looking far more optimistic for bitcoin markets than the last two holiday weekends. BTC/USD market value has jumped considerably since it hit a low of $11,600 across global exchanges with the price now averaging $16,500 per BTC on January 5. Last week a bunch of tokens priced under $5 USD like ripple, stellar, and others had seen exponential rises while BTC markets moved sideways. Today’s BTC spike is seeing many of those coins dip in value by 15-20 percent. Also read: Japan’s GDP Grows Due to Bitcoin Wealth Effect The Big BTC Rebound Back to $16K Bitcoin core markets have rebounded over the past
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Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEO – Bitcoin News

Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEO – Bitcoin News

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Please share if you find this article interesting. Mt. Gox Bitcoin Missing In relation to Mysterious Death of Exchange CEO - Bitcoin News Featured State owned media outlet, Russia Today (RT), reports the suicide of an exchange CEO was in actuality something more sinister and connected to Mt. Gox’ 650,000 still missing bitcoin, according to RT’s exclusive source. Also read: African Central Banks: Ditch Dollar, Buy Bitcoin RT’s Exclusive Source: CEO Death Linked to Missing Gox Bitcoin “The hundreds of thousands of bitcoins stolen from the Mt. Gox exchange four years ago could be recovered, but there are powerful forces against it,” an unsigned RT article begins ominously, citing an exclusive source. Someone “doesn’t want them found.” Mt. Gox back in 2014 was 7 parts of every
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Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges – Bitcoin News

Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges – Bitcoin News

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Please share if you find this article interesting. Despite Multiple Government Warnings, Indians Flock to Crypto Exchanges - Bitcoin News Featured The Indian government has been actively issuing warnings regarding the risks of investing in cryptocurrencies such as bitcoin. However, Indians are not deterred, crowding to register at crypto exchanges in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details Indian Government Actively Issuing Warnings The Indian government has repeatedly warned about bitcoin and other cryptocurrencies. Finance Minister Arun Jaitley. This week, Finance Minister Arun Jaitley reiterated in Lok Sabha that cryptocurrencies are not legal tender in India. Last week, the finance ministry issued a warning, stating that th