For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 on deposit at the Hong Kong bitcoin exchange Bitfinex until last week and, on good days, would wake up to find a couple thousand more dollars in his account than when he went to sleep. The earnings came from lending his dollars to traders who wanted to leverage their bets. The exchange allowed lenders like Tian to set their own rates, and he says margin traders paid as much as 700 percent annualized interest to borrow dollars. At times, he earned as much in one day as holders of U.S. Treasuries earn in a decade. “The returns were really great,” Tian said. “Bitfinex was quite innovative and among the first to come out with products including margin lending.” That lucrative practice came to a stunning halt last week after Bitfinex said it was hacked for 119,756 bitcoins, worth about $70 million at current prices. While his U.S. dollars were not stolen, Tian is being forced to forfeit 36 percent of his deposit—about $160,000—as part of a rescue plan the exchange is imposing on all its customers. He said that will more than wipe out the profits he made through lending money. read the rest of the story on Yahoo.com
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The pound slipped more than 5 per cent in volatile trading as early results pointed the way to a shock victory for the Leave camp in the UK referendum on EU membership. Dramatic falls in sterling peppered market activity, wiping out earlier market confidence from exit polls that suggested the Remain camp would prevail. So acute was market uncertainty that sharp falls were quickly followed by equally severe rises. That sparked a record 6.9 per cent cent intraday range for the pound, eclipsing the 6.5 per cent achieved in the October 2008 crash and smashing the 4.9 per cent range on Black Wednesday in 1992. Jeremy Cook, chief economist at payments company World First, said sterling was “dying”., adding: “The usual caveats exist about liquidity but these moves are concerning and bring back pretty painful memories of 2008,” he said. Before any results had been declared, the pound had risen above the psychological mark of $1.50, a gain of 0.9 per cent in early Asian trading, its highest level since December 17. Market confidence was driven by a YouGov poll released after the polls closed at 10pm on Thursday, which indicated 52 per cent backing Remain and 48 per cent in favour of Leave. http://www.ft.com/cms/s/2/8d8a100e-38c2-11e6-a780-b48ed7b6126f.html#axzz4CSX6kpOU
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At the beginning of May, it seemed that a great mystery had been solved. An Australian academic and entrepreneur, Craig Wright, identified himself as Satoshi Nakamoto, the creator of the crypto-currency Bitcoin. But, over the following days, the proof he offered was torn apart, not just by angry people on the Bitcoin forums but by a number of authorities on cryptography. After first promising more evidence, Dr Wright then wrote a blog saying he did not have the strength to continue and retired from public view. Nakamoto's true identity appeared as opaque as ever - the Australian had not proved his case, but nor had it been disproved. Now, though, we have a whole new collection of evidence, in the form of a 35,000-word article about the Nakamoto affair in the London Review of Books. The author is the journalist and novelist Andrew O'Hagan, whose work includes a fascinating and hilarious account of his time trying to be the ghost writer of Julian Assange's autobiography. It seems Mr O'Hagan has an appetite for driven and difficult high-performing geeky types, because he spent six months with Craig Wright. read the full article
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21 Inc. has made its software free, ‘turning any computer into a bitcoin computer’, the company announced on Medium. Once a computer has installed the software, the user can get bitcoin using any device nearly anywhere without a bank account or credit cards. The software allows users to add micropayments to any app and begin earning bitcoin on each HTTP request. Users can also join fellow 21 developers in building a machine-payable web at slack.21.io. To install 21, users can download the Docker image or run the command, curl https://21.co | sh. Users can establish a profile at 21.co/signup or connect their Github and LinkedIn accounts to allow the “free faucet,” then view the introductory tutorial. read the full article
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I am selling 100 email address fresh and not used before from mail.ru for 6 dollars only. if you want to buy less than 100 pm me and we will agree on a price
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The price of bitcoin has spiked in recent weeks and appears poised to break $600 for the first time since 2014, as growing uncertainty over China’s yuan policy has triggered renewed buying interest in the cryptocurrency. The price of bitcoin, as expressed by the BTC/USD exchange rate, approached $591 last week for the first time since July 2014, according to the CoinDesk Bitcoin Price Index. The BTC/USD exchange rate was last seen trading at $582.00 Saturday, having declined 0.6% from the previous close. The cryptocurrency edged up only slightly last week after a dramatic rise at the end of May. Since May 26, the price of bitcoin has surged by nearly 30%, pushing the cryptocurrency into overbought levels on the Relative Strength Index (RSI). The RSI peaked near 90 in early June and was last seen around 79.5. Price action has strengthened, with the 20-day and 50-day moving averages on sharp upward trajectories. read the full article
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this is the guy account https://localbitcoins.com/accounts/profile/btc2okpay/it seems that they contacted him on localbitcoin then they arrested him in the meeting they released this statement about him (Google translate may help you if you want to follow the full story) https://facebook.com/MoiEgy/albums/1101763136534015/the post summary : It's the official Facebook page for the Egyptian Ministry of Interior.
Basically the article says a 30 year-old Egyptian dentist, which it names as Ahmad A. H., was arrested for trading in foreign currencies. The security services contacted him on localbitcoin, and arranged an exchange of $13,900 for BTC at a rate of $570/btc. They met him in New Cairo and arrested him. He had $13,900 USD on him and a tablet, as well as pictures of various exchanges and deposits. The article concludes saying he confessed to the incident confirming that he was using the tablet and money to buy Bitcoin, and that he was put in front of the public prosecutor.
The article doesn't specify what the exact charge is, but it does mention trading in foreign currencies several times. Many of the comments refer to the government as ignorant or stupid, and asking where is the crime?
it seems that bitcoin is going to be illegal in Egypt soon !
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A Venezuelan pastry shop, Tortas Don Eduardo, accepts bitcoin, despite the fact that acceptance has been slow, according to diariobitcoin.com, a Latin American bitcoin journal. The proprietor, Eduardo Hernandez, investigated bitcoin while using the web in his work. “At first, the concept of bitcoin is strange, but if you work on the web like me or if you sit to investigate the matter, (it) turns out to be a possibility when doing business,” Hernandez said. Why Accept Bitcoin?
Hernandez adopted bitcoin on account of its growth as a currency, its market value, and its ease of transaction. In Venezuela, bitcoin serves as an alternative exchange control, which allows users to accumulate foreign currency gains. “The bitcoin is not regulated by the laws of Venezuela or by any government, so that these legal limitations are no longer an obstacle,” he said. The Venezuelan government has taken a strict stance on foreign currencies, including bitcoin, CCN reported in October. Early last year, CCN reported that CANTV, Venezuela’s state-owned and largest Internet service provider, blocked many bitcoin-related domain names, websites and mining pools. Read the full article
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Ever wondered what a large-scale Bitcoin mine looks like? Well this video allows you to step inside a Chinese factory where the equivalent of £5.54 million of the cryptocurrency is generated every single year. BBC Future has a wonderful article about the secret facility, hidden away in a tiny Chinese town “so high up in the mountains that you have to bring your own cans of oxygen.” But while oxygen may be thin on the ground, there is high-speed internet and no shortage of number-crunching hardware to mine Bitcoin—regardless of who invented it. https://www.youtube.com/watch?v=d5PJnDi_uGASource
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- Catch A Ride Without Uber? Book A Room Without Airbnb? That's Fermat's Vision What is typically thought of as the peer-to-peer or sharing economy — think Uber or Airbnb — could some day become so peer-to-peer that drivers and riders or hosts and guests connect to each other directly through their smart phones and ditch those companies as middlemen. Or so goes the vision of Luis Fernando Molina, the chief executive and founder of Fermat.org, a platform that enables “decentralized applications” that connect users directly to each other without the need for an intermediary. The system uses a technology similar to what powers Bitcoin transactions, often referred to as a blockchain. Tuesday, the organization announces the publication of a white paper describing how the platform, which also offers a way for content creators to manage the copyright of their work and for developers to be paid modularly for app components that they create, works. Operating in stealth for two years, Fermat already has more than 60 full-time contributors collaborating on its open source platform that Molina hopes will launch an “Internet of People.” “We will see an evolution from social to peer-to-peer,” says Molina, comparing Fermat to the file-sharing service BitTorrent, because it is a device-to-device-based network. The release of the white paper comes in the wake of excitement in the Bitcoin community about the launch of another decentralized application, OpenBazaar, a peer-to-peer version of eBay, in which buyers and sellers can download OpenBazaar’s desktop software and connect directly to each other without a third-party marketplace taking a cut of the transaction. read the full article
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As I think this current rise have not finished yet, the price will pass $500 within the start of the next month. who agree with me ?
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how many coke cans you can buy with one dollar in your country? I want to know the buying power for the dollar in different countries.
In Egypt, one can buy 3 cans (350ml) of coke for one dollar approximately
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Blockchain technology has a lot to offer to the fintech industry. Many fintech companies have been exploring the use of bitcoin’s underlying technology in mainstream banking and financial operations. Some of the leading International banking and financial institutions have already joined the R3 banking consortium to advance their aspirations. As the number of companies in the list grows, some of them are also independently working on finding other fintech solutions as well. Barclays is one such company that has its hands in all the right places to accelerate the development of new solutions in the fintech arena. With its interest in the latest happenings in the industry, Barclays in going to make use of the latest bunch of startups that are part of the accelerator program to explore new opportunities. According to reports, Barclays Bank will be working with about 6 of the 11 startups presenting at the recently held demo day at the O2 Arena in London. Barclays will be partnering with Seldon, the company developing machine learning technology to identify Barclaycard customers prone to default soon after receiving a credit increase. Other startups include DigiSeq, involved in the development of consumer wearables that can come in handy for the banking institutions, AgentCASH – A management platform for retail businesses, Zighra for biometrics and other digital banking and blockchain based invoicing companies. read the full article
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Perhaps BITCOIN’s greatest gift to the web is not the disruptive nature of a digital currency, but the platform used to build that distributed, worldwide, decentralized crypto-currency. BITCOIN’s platform, often referred to as a blockchain, uses an innovative approach to keep transactions secure, validate ownership and guarantee provenance. A blockchain consists of a distributed cryptographic ledger shared amongst all nodes participating in the network, where every successfully performed transaction is recorded and shared. In other words, blockchains are proving to be a fully auditable, incorruptible database that can deny any known hack or attack. Although the importance of the blockchain is often lost amongst the discussion of digital currency, blockchains have the potential to disrupt how the internet itself works. Simply put, there is a lot more to blockchains than just crypto-currency and monetary applications. Truth be told, a blockchain is a decentralized ledger protocol (and/or platform) that can govern both financial and non-financial types of application states. read the full article
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Partnership lets startup Circle offer exchanges between dollars and sterling Getty Images Circle transfers money by converting it into bitcoins first. MA MB MC MD ME MG ZF ZG ZQ ZR ZS ZT ZU Barclays PLC has become the first U.K. bank to partner with a cryptocurrency company, teaming up with Goldman Sachs-backed social payments app Circle, which uses bitcoin to transfer money. The Boston-based startup launched in the U.K. on Wednesday after being granted an e-money license from the Financial Conduct Authority. The license allows it to transfer money electronically, exchange currencies and make international payments. It’s the first time a digital currency company has been granted such a license from the U.K. financial watchdog. Its partnership with Barclays (BARC.L) (BCS) means Circle can use the bank’s infrastructure to allow transfers between any U.K. bank account and the bitcoin app, as well as move pounds across the blockchain — the public ledger of transactions in bitcoin. Specifically, the London-based bank is providing the account that Circle needs to hold pounds until the money has been transferred to a user’s account. Circle isn’t licensed to hold customer cash on its own. “We support the exploration of positive uses of blockchain that can benefit consumers and society,” Barclays said in an emailed statement. read the full article
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After widespread calls for his resignation, Icelandic Prime Minister Sigmundur David Gunnlaugsson stepped down Tuesday -- an apparent casualty of the Panama Papers leaks. Sigurdur Ingi Johannsson, the deputy chair of Gunnlaugsson's Progressive Party, announced the Prime Minister's resignation Tuesday on national public broadcaster RUV. Johannsson said he will take over as Prime Minister. But he said Gunnlaugsson will remain head of the Progressive Party -- which might not go down well with some Icelanders who want nothing to do with him. Gunnlaugsson had been under intense pressure to step down since leaked documents hacked from a Panamanian law firm revealed his links to an offshore company, triggering mass protests in the capital. But Gunnlaugsson's resignation doesn't mean the dust has settled. source
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hello
I am looking for cheep windows (2008 or 2012) vps with administrator (I can install programs freely)
I am not looking for something high at all. 1 giga ram and an acceptable bandwidth will be good
I know that people already get these vps for free from amazon and azure so please do not offer me high prices.
If you are trusted only, I may go first. otherwise, you go first
also I would like to try the server for some hours before paying. so if you offer a trial time for 4 :6 hours, it will be something great.
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- Bitcoin Core Launches 'Sponsorship Programme' to Fund Development and More The Bitcoin Core development team launched a “Sponsorship Programme” on Monday that intends to provide an easy access point for the Bitcoin industry to support Bitcoin's long-time reference client with both funding and other types of contributions. Bitcoin Core developer and Ciphrex CEO Eric Lombrozo: “The entire ecosystem depends on projects like Bitcoin Core, but most companies haven't really had a way of contributing resources for this effectively. We want to offer that, and encourage greater involvement in the development process.” read the full article
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Access to economic resources is limited in the real world, by legislation and regulations governing their use. Overuse of economic resources can drain and even destroy them. Is it possible that the unrestricted access to the blockchain will lead to its demise? Blockchain Overuse
Average block size of Bitcoin's blockchain has increased from 0.37MB in Feb-2015 to 0.74 MB in Feb-2016, a doubling of the capacity utilization. When asked about increased complaints at Blockchain.info, its CEO Peter Smith tweeted: However, as I said in my post, it gave an early indication of trouble ahead. We need to plan for a successful future. — Peter Smith (@OneMorePeter) March 8, 2016 Overuse of a resource in the real world often leads to an increase in its cost and restrictions being imposed on its usage. There are similar mechanisms which kick in even in the digital, decentralized world in order to conserve resources. Mining rules have evolved to block dust (very small, uneconomical) transactions. Transaction fees impose a cost on those utilizing the blockchain. This in general prevents wanton misuse of the blockchain. Exceptions to this include the stress tests of the blockchain, when a large number of transactions were sent to test the capacity of the blockchain. Read the full article
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Indonesia said Tuesday that 10 of its citizens are being held hostage in the Philippines after their ship was hijacked in the often-insecure border region between the two countries. The Foreign Ministry said in a statement that the owner of the hijacked tug boat and coal barge has received two telephone calls, purportedly from the militant group Abu Sayyaf, demanding a ransom. It said it was unclear when the incident occurred but that the ship owner was first contacted on Saturday. The ministry referred to the hostage-takers as pirates. Foreign Minister Retno Marsudi told a news conference that she is working with Indonesian and Philippine officials to coordinate a rescue. "Our priority is the safety of 10 Indonesian nationals who are now still in the hands of the hostage-takers," she said. read the full story
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