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In Less Than 2 Days, Bitcoin Cash Becomes Third Biggest Cryptocurrency

August J, 2017

In Less Than 2 Days, Bitcoin Cash Becomes Third Biggest Cryptocurrency Barely 48 hours since its spin-off from the Bitcoin blockchain, Bitcoin Cash has already surged past other cryptocurrencies to become the third-biggest in terms of market capitalization. How the currency will fare over time is still up for debate, as it still lacks support from several mining pools and major exchanges. UNEXPECTED BOOM Less than two days after splitting from the main Bitcoin network, Bitcoin Cash [BCC]…

Bitcoin Slide Looks Limited Even After Cryptocurrency Splits

August J, 2017

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Bitcoin Slide Looks Limited Even After Cryptocurrency Splits Bitcoin might be dividing into two separate blockchains, but its downward slide has so far been contained, signaling confidence the biggest cryptocurrency will come out of the split unscathed. The debate over how to scale bitcoin came to a head Tuesday as some cryptocurrency miners started using software called Bitcoin Cash and splitting a new blockchain off the old one. Blockchain is the technology used for verifying and recording digital currency transactions.…

Bitcoin Cash Futures Plunge on ViaBTC

August J, 2017

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Bitcoin Cash Futures Plunge on ViaBTC The creators of Bitcoin Cash believe support for segregated witness was a mistake – and a diversion from Satoshi Nakamoto’s vision for Bitcoin – and they aim to help bitcoin scale by immediately increasing the block size from 1 MB to 8 MB. Since Bitcoin Cash is forking the Bitcoin blockchain, most bitcoin holders will receive an equal number of bitcoin cash. As long as you control the private keys of your bitcoin…

Top Cryptocurrencies Price Weekly Prediction â Next Days Will Be Rough For The Crypto Market

July J, 2017

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Top Cryptocurrencies Price Weekly Prediction – Next Days Will Be Rough For The Crypto Market Not much has changed for most cryptocurrencies over the past few hours. Bitcoin is, together with Monero, the only currency in the top 10 noting a small loss, whereas most other coins have stabilized or regained some losses. Considering how the weekend is often a dreadful period for cryptocurrency trading this overall trend is rather positive. The total cryptocurrency market cap is heading toward US$90bn…

What is cryptocurrency?

July J, 2017

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What is cryptocurrency? Bitcoin is a form of cryptocurrency Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of…

Bitcoin Cash – Another Fork in the Road for Bitcoin

July J, 2017

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Bitcoin Cash – Another Fork in the Road for Bitcoin Last week the bitcoin community and investors breathed a sigh of relief as BIP 91 locked in and activated, signalling what we thought was a great step forward in finally resolving the long standing Bitcoin scaling debate. Confidence soared and the price recovered from a previous tumble. And then came a twist. In the last 72 hours, Bitcoin increasingly looks as though it is heading for a user activated hard…

Why the feds took down one of Bitcoin’s largest exchanges

July J, 2017

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Why the feds took down one of Bitcoin’s largest exchanges Tracing Mt. Gox’s stolen coins led feds to Alexander Vinnik This week, one of Bitcoin’s largest and most notorious coin exchanges was brought down by law enforcement — and police and prosecutors are now beginning to explain why. On Thursday, the Department of Justice unsealed an indictment against Alexander Vinnik — thought to be the operator, or one of the operators of Bitcoin exchange BTC-e — charging him with…

Indian Trade Survey – 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low

July J, 2017

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Indian Trade Survey – 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low A study by India’s market and trade body has found that while 97 percent of participants are aware of bitcoin, its use within their services remains low. PHD Chamber of Commerce and Industry, which plays a role in India’s industrial development processes, hosted a meeting ‘Roundtable on Industry Perspective on Bitcoins: A New World of Payments and Deals,’ on Wednesday, according to News 18. According…

Bitcoin Cash: Why It’s Forking the Blockchain And What That Means

July J, 2017

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Bitcoin Cash: Why It's Forking the Blockchain And What That Means Bitcoin's scaling debate finally seems to be shaking out, but some users aren't happy with the results. After a few years of debate, it was perhaps to be expected that at least some were going to come away empty-handed. Controversial scaling proposal Segwit2x tried to remedy this by joining two code change ideas – the code optimization Segregated Witness (SegWit) and a block size increase. Today, SegWit is just…

Philippine Government Yet to Approve Cryptocurrency Exchange Applicants

July J, 2017

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Philippine Government Yet to Approve Cryptocurrency Exchange Applicants Philippine business press, Businessmirror, has reported that the government has been yet to approve a single virtual currency exchange application. The Philippine central bank, Bangko Sentral ng Pilipinas, introduced regulations for virtual currencies earlier this year – which focussed heavily on creating guidelines for the operations of cryptocurrency exchanges. The Philippine Central Bank Has Received Less Than 10 Applications For Virtual Currency Exchange Registration The Philippine Central Bank’s Supervision and Examination Sector…