Western Union Revenue Drops amid Rise of P2P Services such as BitcoinIn a new report by FXCompared, it has become evident the money transfer business is starting to lose momentum. In most cases, sending money around the world remains a very expensive business. Up-and-coming solutions such as cheaper remittance, and even cryptocurrencies, present far cheaper and global options. Mostly Western Union is losing out on a lot of money. Not entirely surprising given their ridiculous fees... http://www.newsbtc.com/2016/10/19/western-unions-revenue-drops-amid-rise-p2p-services-bitcoin/
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ECB Feels Threatened by Bitcoin, Ask EU to Rein in Virtual CurrenciesBitcoin is probably the most disruptive innovation of this century. As the decentralized cryptocurrency continues to revolutionize the global financial system, the European Central Bank has started to feel the heat. In a recent statement, ECB has asked lawmakers in the European Union to tighten the regulatory screws around Bitcoin and other digital currency to save itself from losing control over the financial system... http://www.newsbtc.com/2016/10/18/ecb-threatened-by-bitcoin/
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Bitcoin Core to Get SegWit Soon, Still a Long Way to Go for ImplementationThe Bitcoin protocol may soon expect few changes to happen for good. Segregated Witness, also known as SegWit, which happens to be one of the scalability solutions is finally ready for release. The Bitcoin Core development team has reportedly fixed most of the issues related to SegWit v 0.13.1 software package. The latest version is almost ready to go live in its current state by Monday. However, it may take at least a year for it to be implemented as it still needs to garner support from 95 percent of the mining community... http://www.newsbtc.com/2016/10/18/bitcoin-core-segwit-ready/
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Bitcoin Exchange Safello Acquires Futures Trading Platform ICBITMost people know Safello as a Swedish Bitcoin exchange platform. With their quick deposit and withdrawal functionality, the company has become a rising star in the cryptocurrency world. But Safello is looking to expand their offerings, as they acquired Assets BT Technology Inc. This crypto futures exchange platform was founded a few years ago, and services 12,000 customers to date... http://www.newsbtc.com/2016/10/18/bitcoin-exchange-safello-acquires-futures-trading-platform-icbit/
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Bitcoin Price Watch; Embracing The ChangeThere are a couple of things I’m not a fan of, and both of them are change. When I sat down at my desk this morning, however, I noticed three things. One, that my cookies had mysteriously evaporated from my Chrome browser, and that everything looked and felt slightly alien as a result. Two, that one of these alien experiences was the color of my bitcoin price trading platform. Three, that I kind of like the change, and I think I’m going to give it a shot at becoming my new normal... http://www.newsbtc.com/2016/10/18/36187/
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Bitcoin Price Technical Analysis for 10/18/2016 – Make or Break!Bitcoin price seems to be exhausted from its climb and might need to pull back to the channel support before heading further north. The 100 SMA is above the longer-term 200 SMA on the 4-hour chart of bitcoin price, confirming that the uptrend is likely to carry on. The gap between the moving averages is widening so bullish momentum is getting stronger. However, buyers might be waiting for better prices before entering more long positions... http://www.newsbtc.com/2016/10/18/bitcoin-price-technical-analysis-10182016-make-break/
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Bitcoin Miners in China May Have Too Much ControlIf you deal in bitcoin regularly, you know China has arguably become bitcoin’s biggest fan, and its influence never goes unfelt. As the yuan devalues, the price of bitcoin is currently rising beyond $640, and it looks like this is merely the beginning of an oncoming bull run. At the same time, when something like the Bitfinex attack occurs, bitcoin can find itself up to its neck in sewage... http://www.newsbtc.com/2016/10/17/bitcoin-miners-china-may-getting-much-control/
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Bitcoin Price Watch; Here Are Tonight’s Scalp LevelsThere’s another day gone, and the time has come to take a look at the bitcoin price for the second time, and see if we can’t take advantage of any volatility this evening. As we noted this morning, things seem to be getting better and better from pretty much all angles – volume is up, price is up, volatility is up – and this makes for far more interesting trading of the intraday charts than when action is weak and flat... http://www.newsbtc.com/2016/10/17/bitcoin-price-watch-tonights-scalp-levels/
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Townsend Business Center Averts Ransomware Attack With Data BackupsRansomware continues to threaten both consumers and enterprises all over the world. Belfast-based Townsend Business Center faced major issues when their systems were held to ransom by unknown internet criminals. A sum of Bitcoins had to be paid to receive the decryption key and get rid of the malware, although that payment never took place. Instead, the matter was resolved by alerting the police... http://www.newsbtc.com/2016/10/17/townsend-business-center-averts-ransomware-attack-data-backups/
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Bitcoin Price Watch; A Fresh Week of Profits AheadSo here we go, off for a fresh week’s worth of trading in the bitcoin price. Last week we managed to get some pretty decent action, and this allowed us to pull out a couple of market profits. This week, we’re hoping for much of the same. Things have been relatively volatile over the weekend, and this bodes well going forward for today’s session. Even if it doesn’t suggest volume, it gives us some nice well defined levels to go at, and these levels can be easily incorporated in to today’s strategy... http://www.newsbtc.com/2016/10/17/bitcoin-price-watch-fresh-week-profits-ahead/
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Bitcoin Price Technical Analysis for 10/17/2016 – Breakout Brewing?Bitcoin price continues to consolidate in a tight range as traders wait for stronger market catalysts to set direction. The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least resistance could be to the upside. However, the moving averages simply appear to be oscillating so further consolidation is possible. Right now, the moving averages are also holding as dynamic support levels, which might be enough to keep near-term losses in check... http://www.newsbtc.com/2016/10/17/bitcoin-price-technical-analysis-10172016-breakout-brewing/
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All Six Episodes of “Trust Disrupted” Now StreamingIf you’re up for a weekend of binge-watching, Trust Disrupted may be the show for you. The new series by TechCrunch, which delves deep into blockchain technology and digital currency usage, was announced earlier this month, and all six episodes are available to view. While Trust may be the first television show to fully cover bitcoin, it’s not the first time the digital currency has made an appearance on a syndicated program. Fans of Mr. Robot on USA network were treated to a subplot last season involving a character who frustratingly starts bitcoin services, only to see his servers crash and his coins get stolen. A new show called... http://www.newsbtc.com/2016/10/16/six-episodes-trust-disrupted-now-streaming/
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Electrum X Is the Newer, Much Faster Variant of Electrum ServerA much faster version of Electrum Server is now available. The reimplementation of Electrum Server, called Electrum X is the creation of Neil Booth which he claims to be 10 times faster than the Electrum Server. The Electrum X Server codes are made available on GitHub under the MIT License. While the main server is built on Python 2, the new reimplementation makes use of much advanced Python 3.4 and still manages to work with the existing clients. By using Python 3.4, Neil leverages upon the asyncio feature for a better... http://www.newsbtc.com/2016/10/16/electrum-x-newer-much-faster-variant-electrum-server/
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Running A Successful Bitcoin Company Does Not Necessarily Require VCsThe Bitcoin and blockchain sector heavily relies on investments from VCs. But as it turns out, the venture capital approach can cause quite a few issues for companies as well. There is a right and wrong approach to dealing with VC funding when push comes to shove. Enterprises taking the wrong approach will find themselves at a significant disadvantage. In the end, it all boils down to whether or not the entrepreneurs in question can be efficient at their job. It’s hard to grasp the concept of efficient entrepreneurship, and securing funding plays a key role in the process. That said, it is not the only driving factor by any means... http://www.newsbtc.com/2016/10/16/running-successful-bitcoin-company-not-necessarily-require-vcs/
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Oasis Market Deepweb Marketplace Shuts ShopOasis Market, the deep web marketplace has gone dark! Users fear that this might be the last they are going to see of Oasis Market as many lose funds. The marketplace is said to have made away with over 150 BTCs and an undisclosed amount in Monero. The exit of Oasis Market comes at the time when it was rising up the ranks of darknet marketplaces, alongside AlphaBay, Silk Road 3, Dream Market and others. The notoriously promising marketplace was one of the few to start accepting Monero alongside Bitcoin... http://www.newsbtc.com/2016/10/16/oasis-market-shuts-down/
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Will Quantum Computers Spell the Doom of Bitcoin?Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers... http://www.newsbtc.com/2016/10/16/will-quantum-computers-spell-doom-bitcoin/
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Bitcoin Price Weekly Analysis – BTC/USD Further Gains LikelyIn the last weekly analysis, I stated that Bitcoin is a good buy on the dips against the US Dollar in the short term. It looks like the idea did work as BTC price managed to climb higher and registered a close above the $635 resistance. There was a nice upside move, which took Bitcoin price above a couple of important hurdles. There was a new weekly high posted at $647, and currently the price is consolidating... http://www.newsbtc.com/2016/10/16/bitcoin-price-weekly-analysis-btcusd-gains-likely/
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The FBI Gets Involved In US$1.3m Bitfinex Hack InvestigationIt was only a matter of time until Bitfinex would get into legal trouble over their recent hack. One user in Massachusetts has filed a police report to recover his missing bitcoin funds. During the hack, nearly US$70m worth of Bitcoin were stolen, and no users were compensated. Instead, they all saw their balances punished even further to make up for the balance sheet losses. The way Bitfinex handled the whole hacking event was not exactly professional, from a legal point of view. The company cut all user balances by a significant... http://www.newsbtc.com/2016/10/15/fbi-gets-involved-us1-3m-bitfinex-hack-investigation/
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FOX Studios to Make a Movie on Silk Road with the Coen BrothersHollywood is known for making movies on almost anything. Why should Silk Road or the darknet be any different to them? Well, it isn’t and that’s what the Coen Brothers and FOX are going to do; make a movie on Ross Ulbricht and his brainchild, the darknet marketplace — Silk Road. According to reports, the famed Oscar-winning screenplay writers, Joel and Ethan Coen will be working on the story for Fox Studios’ exclusive thriller movie, Dark Web which was earlier titled Silk Road. The screenplay is expected to follow an extensive two-part coverage of the Silk Road... http://www.newsbtc.com/2016/10/15/fox-studios-to-make-a-movie-on-silk-road-with-the-coen-brothers/
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