BitcoinNews: #1 In Blockchain News

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China’s IT Ministry Focuses on Blockchain for Data Security

The Chinese Ministry of Industry and Information Technology (MIIT) has listed a blockchain research laboratory in its list of key labs for the year, published by the government department on Monday.

Read the full article at https://bitcoinnews.com/chinas-it-ministry-focuses-on-blockchain-for-data-security/

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10-Year Token Payment Delay Show Rare Developer Commitment

Beijing-based startup Nebulas has made the decision to postpone the initial coin offering (ICO) team’s token payments. They added an additional seven years to prove their determination for the company’s success, in a rare case of altruism for the lambasted industry.

Read the full article at https://bitcoinnews.com/10-year-token-payment-delay-show-rare-developer-commitment/

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Ethereum Declining Rapidly Relative to Bitcoin

After enjoying a year of popularity for its smart contract functionality, Ethereum has seen a rapid general decline relative to Bitcoin, with a dominance percentage hovering at 14% and dropping, while Bitcoin’s is at 54% and rising.

Read the full article at https://bitcoinnews.com/ethereum-declining-rapidly-relative-to-bitcoin/

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Academia in China Receive Millions for Blockchain, E-Payment, AI Research

More funding is being pumped into the blockchain infrastructure in China as four universities are receiving a grant for an interdisciplinary research effort to examine artificial intelligence (AI), enhancing the security of electronic payment systems and blockchain technology applications.

Read the full article at https://bitcoinnews.com/academia-in-china-receive-millions-for-blockchain-e-payment-ai-research/

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Square Cash on Track to Become Coinbase Competitor

Square Cash appears to have what it takes to become a serious competitor to Coinbase, with Bitcoin buying and selling service now available across the entire United States for the first time.

Read the full article at https://bitcoinnews.com/square-cash-on-track-to-become-coinbase-competitor/

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Spanish Political Coalition Calls for Regulatory Body to Explore Crypto

Spanish coalition party Unidos Podemos is proposing a body to oversee the implementation of blockchain technology and crypto regulation in the country.

Read the full article at https://bitcoinnews.com/spanish-political-coalition-calls-for-regulatory-body-to-explore-crypto/

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Bitcoin Is Better Than Gold

With the increasingly frequent comparisons of Bitcoin to gold, both as a store of value and a means of transferring value as a form of payment, traditional investors are now weighing in on the advantages of the world’s most popular cryptocurrency.
Is Bitcoin superior to gold for use as a currency?

Read the full article at https://bitcoinnews.com/bitcoin-is-better-than-gold/

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China Releases Blockchain Guidebook for Bureaucrats

The Communist Party of China (CPC) has published a blockchain guidebook that observes the technology’s key features scientifically, the origins and future applications, as well as approaching challenges.

Read the full article at https://bitcoinnews.com/china-releases-blockchain-guidebook-for-bureaucrats/

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Price Poor Metric to Judge Bitcoin, Says CoinShares

Digital asset management company CoinShare’s chief strategist Meltem Demirors featured on CNBC’s Fast Money on Monday, where she discussed the problematic nature of judging Bitcoin on price alone.

Read the full article at https://bitcoinnews.com/price-poor-metric-to-judge-bitcoin-says-coinshares/

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The Implications of Bitcoin’s Blockchain Growth

Bitcoin is based on a blockchain, which is a string of blocks, where each block includes numerous transactions. The total size of the blockchain is inexorably growing, and this has implications for the future of running Bitcoin nodes. Currently, the Bitcoin blockchain is 178.8 GB in size as of this writing on 14 August 2018, a size so large that it is difficult to download and a significant obstacle towards running a full Bitcoin node.

Read the full article at https://bitcoinnews.com/the-implications-of-bitcoins-blockchain-growth/

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Law Expert Advocates for Blockchain Use in Legal System

In an article for Lawyer Monthly, legal technology expert Paul Sachs advocated for the use of blockchain in the legal system and court proceedings, focusing on the UK in his discussion.

Read the full article at https://bitcoinnews.com/law-expert-advocates-for-blockchain-use-in-legal-system/

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Venezuela Central Crypto Bank Next as IMF Predicts Million Percent Hyperinflation

It has been reported that there are new plans afoot for a Venezuelan central bank cryptocurrency along with a “superior court to the Supreme Court of Justice”.
According to Venezuela National Constituent Assembly member Hermann Escarra, the government is preparing to change the constitution to allow for the new crypto bank.

Read the full article at https://bitcoinnews.com/venezuela-central-crypto-bank-next-as-imf-predicts-million-percent-hyperinflation/

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India Investigates Replacing Smart Travel Cards with Crypto Tokens

The Indian government is currently in the midst of reviewing the viability of substituting smart travel cards for its own central-bank issued crypto tokens.

Read the full article at https://bitcoinnews.com/india-investigates-replacing-smart-travel-cards-with-crypto-tokens/

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South Korea Plans Special Crypto Zone Status for Jeju Island

The South Korean island of Jeju sees itself as a potential crypto haven and has requested that the government allows it special crypto zone status.

Read the full article at https://bitcoinnews.com/south-korea-plans-special-crypto-zone-status-for-jeju-island/

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Bitcoin Volume Surpasses OTC Gold Market

Financial researcher Nic Carter has run the numbers and found that Bitcoin volume has surpassed the over the counter (OTC) gold market so far in 2018. The OTC gold market is on track to settle USD 446 billion of transactions in 2018 while the Bitcoin market is on track to have a volume of USD 1.38 trillion in 2018, using simple extrapolation.

Read the full article at https://bitcoinnews.com/bitcoin-volume-surpasses-otc-gold-market/

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Jamaica Stock Exchange to Offer Cryptocurrency

The Jamaica Stock Exchange (JSE) announced on 14 August 2018 that it will begin offering cryptocurrencies for trading by the end of 2018.

Read the full article at https://bitcoinnews.com/jamaica-stock-exchange-to-offer-cryptocurrency/

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No doubt, bitcoin now is very popular as it has a high valued coin price in the market, investors and traders and other bitcoin enthusiast always watching for new updates about bitcoin in every day scenario. Whenever the prices slips down and or takes a highly positive price, still the number one news about bitcoins.

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Will Bitcoin Accelerate the End of Fiat Currency?

Bitcoin has worldwide infrastructure and demand, giving it value anywhere you are on Earth. It is a solid alternative to fiat currency with a fixed supply, so it won’t ever be devalued by money printing. There is no central organization leveraging Bitcoin to pay for budget deficits, unlike all the fiat currencies.

Read the full article at https://bitcoinnews.com/will-bitcoin-accelerate-the-end-of-fiat-currency/

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Ethereum Founder and Coinbase CEO See Positive Growth in Crypto

Joe Lubin, co-founder of Ethereum, has commented that the fall in recent cryptocurrency prices is no constraint to future positive market growth.
The comments were made in an interview with Bloomberg yesterday when the ConsenSys CEO indicated that the big picture was the relevant factor for investors, and not to focus on “pimples on a chart” as he put it, referring the peaks and troughs of Bitcoin prices.

Read the full article at https://bitcoinnews.com/ethereum-founder-and-coinbase-ceo-see-positive-growth-in-crypto/

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BitcoinNews.com Radio Show 8/7/2018

On today's edition of the BitcoinNews.com radio show we review recent Bitcoin market activity, followed by a story about how Bitcoin ATMs are proliferating globally which could lay the framework for widespread Bitcoin adoption. Hear about how Coinbase has upped their instant buy limits to USD 25,000 per day, and data from a DEA agent who says that 10% of Bitcoin transactions involve crime, down from 90% in 2013. We conclude with a story from the archives about the value overflow incident, the day a hacker created 184.4 billion Bitcoins, causing an emergency fork to save Bitcoin's life. Come back tomorrow for a discussion on how quantum computing could change Bitcoin forever.

Follow the show at https://anchor.fm/bitcoinnewscom/episodes/BitcoinNews-com-Radio-Show-872018-e1vmi3

Read https://bitcoinnews.com/

Video https://www.youtube.com/watch?v=hVqWTWv_660