Bitcoin

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Venezuela Will Pre-Mine the Petro and Launch in 6 Weeks

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One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of … Read more

The Mystery of the ”Lost” Bulgarian Bitcoins Sparks Questions Again

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Missing, stolen, lost or buried…these are all adjectives attracting attention when attached to the noun “cash”, physical or digital. Comments and shares on social media have revived curiosity and sparked questions about one particular monetary mystery – what happened with the 200,000 bitcoins Bulgaria seized from gangsters? As with any urban legend, a mix of facts, claims … Read more

India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts

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India continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the … Read more

Markets Update: Cryptos Look for Relief After South Korea Mainstream Media FUD Causes Losses

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There’s been a lot of uncertainty stemming from the mainstream media’s portrayal of South Korea’s digital asset economy, and rumors of a trading ‘ban’ has triggered some significant cryptocurrency market volatility. The price of bitcoin took a tumble downwards yesterday evening to the $12,775 USD zone around 11 pm EDT, after it came close to … Read more

Coinbase Merchant Error Causes Major Exploit on Overstock

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Recently, it was made public that retail giant Overstock.com had fallen victim to a huge exploit involving Coinbase’s merchant API. This is another issue on top of many others that customers and businesses have made apparent affecting the leading Bitcoin exchange. On January 5, independent researchers discovered a massive exploit in Overstock’s cryptocurrency payment gateway, which is … Read more

As the Market Bleeds, Ethereum Sets All-Time High

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Yesterday, the cryptocurrency market was swimming in a sea of red. From the top 10 contenders to the lower market cap rising stars, assets were down across the board. Of course, there were a few outliers, including Bitcoin’s age-old rival: Ethereum. Ethereum Stands Strong Amid Turbulence Ethereum has been looking bullish going into the New Year. … Read more

Bitcoin Investor Sues Huobi Over ¥400,000 in Losses

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A bitcoin investor sued the Huobi exchange to recover 400,000 yuan he lost while trading. Also Read: Thailand’s Regulators Allow Bitcoin Futures Trading Too Much Pressure Trading Bitcoin Wang Tieliang filed a lawsuit against Huobi and its two partners in Beijing to invalidate his bitcoin trades on the exchange. According to Wang, he deposited 1.4 million yuan … Read more

Goldman Sachs Recognizes Bitcoin’s Future Potential

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First, Jamie Dimon of JP Morgan Chase says he regrets calling bitcoin a fraud. Now, legacy bank Goldman Sachs is formally recognizing how cryptocurrencies such as bitcoin could act as global money. 2018 might be shaping up to be the year bitcoin gets more mainstream than ever. Also read: Huge Bitcoin Conference Stops Accepting Bitcoin … Read more