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Bitcoin

The first of China’s top bitcoin exchanges has announced it will suspend trading

A number of China’s top bitcoin exchanges are preparing to suspend their services following instructions from the government. BTC China, one of the country’s top three, became the first to officially make the move after it announced today that will stop all trading for China-based customers from September 30. The …

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Bitcoin ‘mining’: A new way for North Korea to generate funds for the regime

North Korea appears to be funding itself with bitcoin, according to a recent report. Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (a venture capital firm funded by the CIA), reported that North Korea began “mining” bitcoin on May 17 and could be using the digital currency to generate income for …

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Bitcoin
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North Korea’s hackers are reportedly targeting bitcoin exchanges

North Korea’s hackers have been linked with many attacks, including the 2014 Sony hack, but it looks like the totalitarian state is now targeting bitcoin, and crypto coin exchanges in particular, with its hacking teams. That’s according to a new report from cybersecurity firm FireEye, which claims to have tracked at least …

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Bitcoin
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Bitcoin price falls below $4,000 on worries about China crackdown

Bitcoin fell below $4,000 on Wednesday with negative comments from major business leaders about the cryptocurrency and the threat of a regulatory crackdown, unnerving investors. The digital currency fell as low as $3,907.26 on Wednesday, before recovering slightly to trade around the $4,050 mark, according to data from industry website CoinDesk. …

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Bitcoin

Collateral Damage From The Inevitable Bitcoin Crash

Bitcoin is well off its all-time high, due in large part to moves by China to shut down domestic Bitcoin exchanges. Also putting pressure on Bitcoin: The People’s Bank of China recently banned initial coin offerings (ICO), thus outlawing the practice of creating and selling cryptocurrency to investors to finance startup projects …

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Bitcoin

Gold And Bitcoin Surge On North Korea Fears

If you’re familiar with ABC’s popular reality show Shark Tank, you should already be familiar with the concept behind the San Antonio Angel Network (SAAN). Select entrepreneurs and innovators pitch their startup ideas to accredited investors, who can choose to make early-stage investments in a potentially successful company. I attended an SAAN meeting last …

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Bitcoin
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Sanctions On North Korea Could Boost Bitcoin Demand

In times of uncertainty, the smart money is always keen to look at opportunities which could protect their downside risk. The term “hedge your risk” was coined pretty much based on this idea. Investors have been waiting for the massive pullback or correction in the current bull market which has …

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Bitcoin

North Korea is trying to amass a bitcoin war chest

Hackers linked to North Korea are ramping up attempts to steal bitcoin in order to bring in money for Kim Jong Un’s regime, a top cybersecurity firm says. Bitcoin and other forms of virtual money — known as cryptocurrencies — appeal to North Korea as the U.S. pursues international sanctions …

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Bitcoin

North Korea Hackers Step Up Bitcoin Attacks

As politicians from Washington to Seoul consider imposing new sanctions on North Korea, Kim Jong Un’s regime appears to be stepping up efforts to secure bitcoin and other cryptocurrencies that could be used to avoid additional trade restrictions. North Korean hackers are increasing their attacks on cryptocurrency exchanges in South …

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Bitcoin

Bitcoin Looks Terribly Lame Compared to These 5 Bizarre Cryptocurrencies

  With the current cryptocurrency obsession (after all, even Paris Hilton has jumped on board), it’s easy to forget that Bitcoin isn’t the only cryptocurrency on the block. Amid China’s big news of it shutting down Bitcoin exchanges, we dived into the black hole that is the Internet and found some of the …

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Bitcoin

Bitcoin Is Trading Under $4150 Level Amid Rumors About China’s Ban of Bitcoin Exchanges

Contested reports that China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges annulling the whole country’s exchange ecosystem made markets for bitcoin and other cryptocurrencies fall over the course of September 8th till today. The entire buzz is caused by Chinese news source Caixin, which …

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Bitcoin

WSJ, Bloomberg Latest to Claim Bitcoin Exchange Crackdown in China

  Bloomberg and the Wall Street Journal are reporting that China will move to shut down bitcoin exchanges, citing unnamed “informed sources.” According to the reports, the ban will be limited to exchange-based trading and will not affect over-the-counter transactions. China’s largest bitcoin exchanges, OKCoin, BTCChina and Huobi, told Bloomberg on Monday that …

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Bitcoin
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Solar-Powered Bitcoin Mining Could Be a Very Profitable Business Model

Bitcoin and other cryptocurrencies are now a major business, with the global market capitalization of these coins exceeding $170 billion at their recent peak, according to Coin Market Cap. Bitcoin alone has reached over $70 billion in value, up from nothing when it was created just eight years ago. A …

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Bitcoin

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked …

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Bitcoin
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Does Bitcoin Have a Mining Monopoly Problem?

During bitcoin’s early days, anyone could “mine” it using their home computer. But as the price of digital currency climbed towards $100 in 2013 (it’s now over $4,000), professional mining groups with specialized computer chips emerged. Today, these groups, or pools—nearly all based in China—have become concentrated and now dominate …

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Bitcoin

Bitcoin’s Richest REVEALED!

As much as Bitcoin is very transparent in the way that market movement can be put down to where the money is moving, it is harder to figure out who this money is moving from. Bitcoin’s difference to other investments is that the digital currency is transparent in a way …

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Bitcoin
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Sending Bitcoin Cash to a SegWit-enabled BTC Address Becomes a Very Common problem

It appears Bitcoin Cash supporters have a major issue to contend with. This is not a protocol issue per se, but it can have major consequences. Anyone sending Bitcoin Cash to a SegWit-capable Bitcoin address will lose their money. As Both networks support P2SH and sending wallets cannot verify which …

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Bitcoin

Russia Reportedly Making Plans to Subsidize Domestic Crypto Mining

Russia’s complex relationship with digital currency took another interesting turn this week, as news reports suggest that the government is preparing to provide electricity subsidies to its domestic Bitcoin miners. The Russian news outlet Izvestiya broke the story, as Institute for Internet Development (IRI) project activities director Arseny Shcheltsin reportedly …

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