Bitcoin Surges Past $16K: Will the Bubble Burst?


Cryptocurrency bitcoin soared to $16,777 on Thursday, reaching a market capitalization of $274 billion, according to Bloomberg’s composite of exchanges. That was up from just $10,000 last week, and up some 1,500 percent from the beginning of 2017. The latest price increases have come as bitcoin increasingly has been recognized as a legitimate form of currency. The Commodity Futures Trading Commission last week announced that it would allow the trading of bitcoin derivatives on the CME Group and CBOE Global Market exchanges.

The original article can be found here: http://www.ecommercetimes.com/story/84993.html?rss=1

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Bitcoin Mining Now Uses More Power Than 159 Countries

Bitcoins

Mining Bitcoin now consumes more than 30 terawatt-hours of power globally, which is higher than the individual energy usage of 159 countries.

The post Bitcoin Mining Now Uses More Power Than 159 Countries appeared first on ExtremeTech.

The original article can be found here: https://www.extremetech.com/extreme/259882-bitcoin-mining-now-uses-power-159-countries?source=Computing

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As Bitcoin tops $10,000, Elon Musk denies he is its creator

One of the biggest stories of 2017 has been the surge in the price of bitcoin, the cryptocurrency touted an alternative to gold and other investments. For years, many have wondered who the mysterious Satoshi Nakamoto, the creator of bitcoin, is.One person it’s not? Elon Musk.

The original article can be found here: http://www.foxnews.com/tech/2017/11/28/as-bitcoin-tops-10000-elon-musk-denies-is-its-creator.html

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An estimated $30 billion in Bitcoins may be lost forever

The Bitcoin cryptocurrency’s value has increased exponentially in 2017, which means that with an estimated few million coins misplaced over the years, nearly $30 billion may have been lost forever.

The original article can be found here: http://www.foxnews.com/tech/2017/11/28/estimated-30-billion-in-bitcoins-may-be-lost-forever.html

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As Bitcoin nears $10,000, Elon Musk denies he is its creator

One of the biggest stories of 2017 has been the surge in the price of bitcoin, the cryptocurrency touted an alternative to gold and other investments. For years, many have wondered who the mysterious Satoshi Nakamoto, the creator of bitcoin, is.One person it’s not? Elon Musk.

The original article can be found here: http://www.foxnews.com/tech/2017/11/28/as-bitcoin-nears-10000-elon-musk-denies-is-its-creator.html

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Intertwining Artificial Intelligence With Blockchain


Most everyone knows about or at least has heard of bitcoin. However, not everyone understands the technology of bitcoin, which extends well beyond Internet-based currency. For the rock people, bitcoin is an Internet-based currency that allows for transparency with respect to each transfer of the currency. Each transaction is locked in a block, and blocks are connected to form a “blockchain.” Blockchain is an open source technology that facilitates creating each block, locking each block, and connecting the resulting string of blocks.

The original article can be found here: http://www.ecommercetimes.com/story/84540.html?rss=1

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Bitcoin Rides the Uncertainty Wave


The price of bitcoin soared to a new three-year high on Monday, surpassing the $1,000 mark for the first time, in response to economic and geopolitical uncertainty in China following the U.S. presidential election. The price of bitcoin stood at more than $1,025 in late trading on Tuesday, after rising to nearly $1,030. The market cap was $16.49 billion, according to CoinDesk. The price of bitcoin last reached an all-time high in November 2013, when it traded at $1,163. The price of bitcoin is closely linked to events in the Chinese market.

The original article can be found here: http://www.ecommercetimes.com/story/84200.html?rss=1

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DARPA may borrow blockchain tech from Bitcoin to secure military networks

blockchain head
Bitcoin hasn’t changed the world, but the blockchain technology behind it might make the world safer.

The original article can be found here: http://www.extremetech.com/computing/237461-darpa-may-borrow-blockchain-tech-from-bitcoin-to-secure-military-networks?source=Computing

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Bitcoin exchange loses more than $60 million in digital heist

Likely disconcerting to anyone that trades in the popular cryptocurrency known as Bitcoin, a digital exchange was hit by hackers this week and approximately $65 million in Bitcoin was stolen.

The original article can be found here: http://www.foxnews.com/tech/2016/08/03/bitcoin-exchange-loses-more-than-60-million-in-digital-heist.html

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Key EU Court Ruling Gives Bitcoin Tax-Exempt Status


The European Union’s Court of Justice on Thursday ruled that bitcoin, the virtual payment system that has shown promise and potential as an emerging currency, should be considered exempt from Value Added Tax under existing law. Swedish national David Hedqvist sought a ruling from the Swedish Revenue Law Commission to determine whether bitcoin should be subject to VAT. However, the Skatteverket, which is the Swedish Tax Authority, appealed the decision to the Hogsta forvaltningsdomstolen, Sweden’s Supreme Administrative Court.

The original article can be found here: http://www.ecommercetimes.com/story/82651.html?rss=1

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Mobile Wallets as Credit Card Killers


Google Wallet, bitcoin and other payment systems have spent years trying to oust the credit card as the be-all and end-all of payment methods. Publications and pundits everywhere have been quick to hail new technologies as “credit card-killers,” and they’re not without justification. As a payment method, the credit card has lost whatever futuristic luster it may have once had. Magnetic stripes wear out, plastic snaps in half, and the incessant manual inputting of 16-digit numbers eventually gets tiresome.

The original article can be found here: http://www.ecommercetimes.com/story/81788.html?rss=1

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Bitcoin robberies hit New York

Bitcoin might make money transactions easier in the digital age, but it’s also brought about another way for people to get robbed. Dwayne Richards, a New York City-based firefighter, was the most recent victim of a bitcoin robbery, reports the New York Business Journal. Richards was stabbed by the thieves he was in contact with for a bitcoin-for-cash exchange in Williamsburg, Brooklyn. 

The original article can be found here: http://www.foxnews.com/tech/2015/02/23/bitcoin-robberies-hit-new-york/

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Coinbase Bitcoin Exchange Off to a Rocky Start


Coinbase on Monday launched Coinbase Exchange, the first regulated bitcoin exchange in the U.S. The firm raised $75 million last week in a round of funding from new backers including DFJ Growth and BBVA Ventures, as well as existing investors Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Coinbase beat out Cameron and Tyler Winkelvoss, who are working on their own U.S.-based regulated bitcoin exchange, named “Gemini.” Coinbase Exchange debuted in 24 U.S. states, but the launch was bedeviled with problems.

The original article can be found here: http://www.ecommercetimes.com/story/81638.html?rss=1

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Winkelvoss Twins Plan to Tame Bitcoins


Cameron and Tyler Winkelvoss on Friday announced Gemini, a regulated bitcoin exchange to be based in the United States. The Winkelvoss twins, who shot to fame when they sued Facebook and won $65 million, have assembled a team of security experts, technologists and financial engineers to build a world-class exchange from the ground up, based on security. They have entered a banking relationship with a bank chartered in New York State, which means that U.S. dollars held on Gemini will be eligible for FDIC insurance.

The original article can be found here: http://www.ecommercetimes.com/story/81631.html?rss=1

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Mining for Bitcoins, the old, old fashioned way – with pen and paper

Bitcoins
In all the craze over Bitcoin ASICs, no one has ever answered the pressing question: How long would it take to solve a BTC hash by hand? Now we know.

The original article can be found here: http://www.extremetech.com/extreme/191227-mining-for-bitcoins-the-old-old-fashioned-way-with-pen-and-paper

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Evil USBs to bitcoin botnets: Hackers hit Vegas

Evil USBs, Google Glasses capturing your passwords and bitcoin mining are just a few of the tactics that top hackers from around the world are bringing to Vegas for the Black Hat conference this week.

The original article can be found here: http://www.foxnews.com/tech/2014/08/07/evil-usbs-to-bitcoin-botnets-hackers-hit-vegas/

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Synology NAS devices targeted by hackers, demand Bitcoin ransom to decrypt files

Dogeology
Synology is back in the spotlight for NAS trouble — this time its devices are being ransomed for Bitcoin. The company has promised an update as soon as it has details; we’ve got information on how to protect yourself til then.

The original article can be found here: http://www.extremetech.com/extreme/187518-synology-nas-devices-targeted-by-hackers-demand-bitcoin-ransom-to-decrypt-files

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