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BitcoinMoschiach (OP)
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July 16, 2018, 05:53:58 PM |
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Exponential Bitcoin Hash Rate Growth Increases 51% Attack Vulnerability for Other SHA-256 Crypto Bitcoin’s mining hash rate has seen exponential growth due to the massive increase in Bitcoin’s price long term combined with the advancement of mining chip technology. This has created a feedback loop where miners compete with each other to buy the most mining equipment possible to get the most profits, causing less profits for the same amount of hash rate, causing miners to buy more equipment to keep up, and so on and so forth. Bitcoin’s mining hash rate has grown so large that it would be quite easy for a large Bitcoin miner to conduct a 51% attack on any other SHA-256 cryptocurrency. Read full article at https://bitcoinnews.com/exponential-bitcoin-hash-rate-growth-increases-51-attack-vulnerability-for-other-sha-256-crypto/Video https://m.youtube.com/watch?v=pOq1PUU8_cM |
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BitcoinMoschiach (OP)
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July 16, 2018, 06:00:29 PM |
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NEM Strengthens Regional Foothold with Two New Blockchain Hubs in Australasia Creators of the XEM digital currency NEM have announced that the company is to open two blockchain hubs in Australia and New Zealand. The Australian hub will be located in Brisbane at Fortitude Valley and its New Zealand counterpart will be established in Westport. NEM Foundation’s director for Australia and NZ, Jason Lee, said that both hubs will be represented by a NEM staff member in place with a role to “educate and inform the general public and businesses about the benefits and applications of blockchain”. Read full article at https://bitcoinnews.com/nem-strengthens-regional-foothold-with-two-new-blockchain-hubs-in-australasia/Video https://m.youtube.com/watch?v=HJ6ebfx0878 |
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BitcoinMoschiach (OP)
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July 16, 2018, 10:44:34 PM |
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Blockchain Jobs are Number One In US – Upworks Skills Index The number one position on Upworks US skills index is now blockchain expertise, making these the most sought-after positions with current employers, writes Forbes. The Upworks index is a strong indicator of the rising need within the US professional’s employment market for employees with blockchain experience and also is a gauge which indicates that blockchain has arrived and it is clearly not going away any time soon. According to Burning Glass Technologies, there were more than 5,743 jobs posted needing blockchain skills in the last 12 months. Read full article at https://bitcoinnews.com/blockchain-jobs-are-number-one-in-us-upworks-skills-index/ |
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BitcoinMoschiach (OP)
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July 16, 2018, 10:46:34 PM |
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Zero Correlation Between Stock Market and Bitcoin Price According to Financial Research Expert The Director of Research at Pension Partners, Charlie Bilello, has found zero correlation between the S&P stock market index and the price of Bitcoin in data stretching back to 2010. This debunks a popular theory that Bitcoin and the stock market were correlated since they both reached record highs near the beginning of 2018. Since May 2018 the stock market has been moving upwards while the Bitcoin market has gone downwards, totally opposite of the theory that Bitcoin and stocks move up and down together. Read full article at https://bitcoinnews.com/zero-correlation-between-stock-market-and-bitcoin-price-according-to-financial-research-expert/ |
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July 16, 2018, 10:47:32 PM |
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New Study Finds That Bitcoin Mining Consumes Far Less Energy Than Previous Estimates Christopher Bendiksen and Samuel Gibbons from Coinshares Research released an analysis of the Bitcoin mining network on 21 May 2018 and found that Bitcoin mining consumes 35 TWh annually, 0.14% of global capacity and less than the energy consumption the tiny European nation of Luxembourg. This is less than half of the 71 TWh estimated by Digicononomist, which would be 0.32% of global consumption and comparable to the large South American nation of Chile. Read full article at https://bitcoinnews.com/new-study-finds-that-bitcoin-mining-consumes-far-less-energy-than-previous-estimates/ |
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BitcoinMoschiach (OP)
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July 16, 2018, 10:48:22 PM |
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Tim Draper: Crypto Market Will See $100 Trillion Cap by 2028 Venture capitalist and Bitcoin bull Tim Draper has predicted that by 2028 the cryptocurrency market will be capped at USD 100 trillion, despite the recent downturns in the market. Draper has become notorious in the industry for his seemingly outlandish predictions, and this one does not largely differ from this trend. The current market cap stands at just above two hundred eighty billion, meaning that an arguably unprecedented amount of growth would be required to meet his forecast. Read full article at https://bitcoinnews.com/tim-draper-crypto-market-will-see-100-trillion-cap-by-2028/ |
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July 16, 2018, 11:48:27 PM |
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Start Your Morning Right With Some Bitcoin Coffee Now everyone can start the morning right with a steaming hot cup of Bitcoin coffee, thanks to Ricardo Reis of Brazil. He has been a Bitcoin enthusiast since 2016 and created this automated Bitcoin-powered coffee machine to prove the ease of using Bitcoin as a currency. Read full article at https://bitcoinnews.com/start-morning-right-bitcoin-coffee/ |
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BitcoinMoschiach (OP)
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July 16, 2018, 11:49:24 PM |
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Xapo Chief Ted Rodgers: Bitcoin Will be Global Reserve, But Go Long Xapo president Ted Rodgers believes that Bitcoin will become a global reserve asset, similar to the current U.S. dollar, writes News BTC. Rodgers sees the market making a recovery, but slowly with little impact over the next few weeks, but feels, long-term, Bitcoin will be worth hundreds of thousands of dollars. Read full article at https://bitcoinnews.com/xapo-chief-ted-rodgers-bitcoin-will-be-global-reserve-but-go-long/ |
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July 16, 2018, 11:50:43 PM |
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Kiev Wants His Statue, the CIA Is Tight-Lipped. So Who Is Satoshi Nakamoto? In Ukraine’s Capital, Kiev plans are underway to install a statue of the pseudonymous creator of Bitcoin, Satoshi Nakamoto in the same location where a statue of Russian communist revolutionary Lenin, used to stand, writes CNN. Father of the Russian nation, Lenin, had stood on the spot until it was torn down by Ukrainians during the 2014 Revolution of Dignity when the government of the day was overturned. The idea of the erection of a statue to honor Bitcoin’s reputed founder was down to a group known dramatically as the Satoshi Nakamoto Republic. The initial idea is to have a virtual monument on the site which can be viewed using tech such as smartphones and tablets, with an app developed by Raccoon World. Read full article at https://bitcoinnews.com/kiev-wants-his-statue-the-cia-is-tight-lipped-so-who-is-satoshi-nakamoto/ |
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July 16, 2018, 11:51:56 PM |
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New Version of Bitcoin Core 0.16.1 Released A new version of Bitcoin Core, 0.16.1, has been officially released by a group of 19 Bitcoin Core developers on 15 June 2018. This is the first update to Bitcoin Core since 0.16.0 in February 2018 which implemented full support for Segregated Witness (SegWit) to fit more transactions into blocks and reduce transaction fees. In this update, the “blockmaxsize” option has been removed, and now miners should use “blockmaxweight” if they want to limit block size. Several other bugs are fixed in addition to some policy and documentation changes which can be found in the PGP signed 0.16.1 release notes. Basically, there aren’t any major changes to Bitcoin Core with this release, but it is important to be running the latest software, so Bitcoin Core users should update to 0.16.1. Read full article at https://bitcoinnews.com/bitcoin-core-0-16-1-released/ |
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July 17, 2018, 12:19:22 AM |
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Italian Bitcoin Wallets Seized In Continuing BitGrail/Nano Saga BitGrail has announced that bitcoins stored in the firm’s wallets have been seized from its Italian exchange by authorities, reports CoinTelegraph. The Tribunal of Florence court order to seize the funds is part of an ongoing saga in the Italian courts which began when a US class action was filed against the company in order to compensate victims for the loss of 17 million XRB (Nano) tokens, thought to have been stolen in January of this year. They were worth about USD 187 million at the time the theft was reported. Read the full article at https://bitcoinnews.com/italian-bitcoin-wallets-seized-in-continuing-bitgrail-nano-saga/ |
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July 17, 2018, 12:20:10 AM |
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CBOE Considering Ethereum Futures After SEC Decision The President of the Chicago Board Options Exchange (CBOE), Chris Concannon says Ethereum futures could be available soon, following a decision from the Securities and Exchange Commission (SEC) that Ethereum won’t be regulated as a security. The CBOE President says this decision gets rid of a major stumbling block that was hindering the path towards legally operating an Ethereum futures exchange, and that he is pleased with the SEC for making this clarification. Apparently, CBOE has been thinking about offering Ethereum futures trading since it first launched its Bitcoin futures exchange in December 2017. Bitcoin and Ethereum are the top 2 cryptocurrencies with market caps of 112 billion USD and 50 billion USD respectively as of this writing, 57% of the total cryptocurrency market cap of 281 billion USD. Read the full article at https://bitcoinnews.com/cboe-considering-ethereum-futures-after-sec-decision/ |
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July 17, 2018, 12:21:01 AM |
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Cycle Your Way to Bitcoin With the Latest TOBA Crypto Mining Pushbike UK company specializing in the manufacture of electric bicycles has come up with the novel idea of creating the world’s first e-bike that mines cryptocurrency, writes Cycling Industry News. The company 50cycles has come up with the TOBA series cryptocurrency mining electric bicycle which will earn users cryptocurrency as they ride, generating ‘LoyalCoin’ at a rate of around £20 worth to every 1,000 miles ridden. Read the full article at https://bitcoinnews.com/cycle-your-way-to-bitcoin-with-the-latest-toba-crypto-mining-pushbike/ |
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July 17, 2018, 12:21:51 AM |
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3.4 Million USD Property Designed by Frank Lloyd Wright’s Student Can Be Purchased With Bitcoin A luxurious mansion at 200 Panoramic Way in Berkeley, California named ‘Panoramic Sky’ is on sale for 3.388 million USD. The mansion was designed by Daniel Liebermann, who was the student of Frank Lloyd Wright. According to listing agent Emma Prok of Climb Real Estate, the seller is considering Bitcoin or other forms of cryptocurrency as payment. Panoramic Sky is listed on Propy, which is a platform for securing cross-border real-estate transactions with blockchain technology. Read full article at https://bitcoinnews.com/3-4-million-usd-property-designed-by-frank-lloyd-wrights-student-can-be-purchased-with-bitcoin/ |
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