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Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM

July J, 2017

Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM A Malta entrepreneur has installed the country’s first cryptocurrency ATM. The installation has occurred just days after local media reported that a start-up had launched a crowdfunding campaign to finance the country’s first bitcoin ATM. The Cryptocurrency ATM Has Been Installed Days After a Crowdfunding Campaign Was Launched to Fund a Rival Terminal A local Malta entrepreneur, Gabriel Cretu Torica, has installed the country’s first cryptocurrency ATM. The terminal has been…

Wall Street stunned over AMD’s blowout results due to cryptocurrency mining demand

July J, 2017

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Wall Street stunned over AMD’s blowout results due to cryptocurrency mining demand Wall Street is surprised over AMD's strong earnings and guidance due to digital currency mining demand for its graphics cards. AMD shares have rallied 102 percent through Tuesday in the previous 12 months compared with the S&P 500's 14 percent return. That performance ranks No. 4 in the entire S&P 500, according to FactSet. Investors are mesmerized with AMD's impressive second quarter as cryptocurrency mining demand drove the…

All Cryptocurrency Prices Today Have Volatile Swings

July J, 2017

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All Cryptocurrency Prices Today Have Volatile Swings All Cryptocurrency prices were volatile today, and most were down as of 2:00 p.m., with the total value of the global marketplace falling from nearly $95 billion to roughly $86.8 billion over the last 24 hours. The biggest story moving cryptocurrency prices today (Tuesday) was renewed fear over a potential August fork in Bitcoin that could split the currency. Bitcoin Cash has announced plans to proceed with a fork. BCC is generating…

Bitcoin Virus Has Infected 30 Of Russian Devices’: Putin Advisor

July J, 2017

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Bitcoin Virus ‘Has Infected 30% Of Russian Devices’: Putin Advisor Russia’s chief presidential advisor on the Internet has stated a Bitcoin mining virus has infected up to 30 percent of Russian computers. Speaking in interviews with RNS and RBC, Herman Klimenko said that although infection rates varied by region and device, it involved at least 20 percent of machines. “In regions with lower bandwidth instances are reduced, but we’re looking at 20 to 30 percent of devices being infected…

Now You Can Pay For Your University Degree With Cryptocurrency

July J, 2017

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Now You Can Pay For Your University Degree With Cryptocurrency Cryptocurrency has taken the online e-currency market by storm in recent years. The likes of Bitcoin have gone all out and it’s currently the fastest growing e-currency in the world by a considerable margin. As of July 2017, Bitcoin has made investors billions and it’s currently worth more than $2,200 apiece. It’s uncertain how much further the value of Bitcoin is expected to grow, but as its market cap alone…

Ripple has risen by almost 3,000% this year

July J, 2017

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Ripple has risen by almost 3,000% this year It’s not just Bitcoin and Ethereum posting astonishing gains. Ripple, a cryptocurrency based out of San Francisco, has risen in value by almost 3,000% this year. One Ripple token, known as XRP, is currently valued at just below US20 cents. XRP started the year at the fractional value 0.0065, but experienced rapid growth in the June quarter as transaction volumes increased. According to a report by CNBC, that growth was…

The crypto-currency craze

July J, 2017

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The crypto-currency craze In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights. Then the bubble burst. Now there are warnings of another technology investment bubble – this time related to the fascination with crypto-currencies such as Bitcoin. On the Tech Tent podcast this week, we examine the phenomenon of ICOs – Initial Coin Offerings – which have seen over $1bn raised…

Bitcoin is booming because a split in the cryptocurrency has been narrowly averted

July J, 2017

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Bitcoin is booming because a split in the cryptocurrency has been narrowly averted Bitcoin has risen as much as 28% over the past 24 hours, driven by news that an imminent split in the cryptocurrency has been narrowly averted. The price of bitcoin nearly hit $3,000 late on July 20, within spitting distance of its all-time high, set last month. The remarkable rally took place as bitcoin’s miners coalesced around one of several competing proposals that would increase the…

Bitcoin recovers from crash to surge above $2,500

July J, 2017

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Bitcoin recovers from crash to surge above $2,500 BITCOIN'S price has continued to bounce back, and rocketed by around 40 per cent over the last three days as it recovers from lows seen at the start of the week. The cryptocurrency jumped above $2,500 towards $2,600, after touching lows of $1,852 on July 17. Traders were spooked by fears that Bitcoin could be split. But the recovery has been helped after software has helped bridge the gap…

From Mining to Investing in Cryptocurrency

July J, 2017

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From Mining to Investing in Cryptocurrency What Is Mining Mining is the process by which transactions of crypto currencies are secured. For this purpose, the miners carry out mathematical computations for the network with their computer equipment. As a reward for their services, they collect the newly created coins, as well as the fees associated with the transactions they confirm. In this sense, miners are competing and their incomes are proportional to the computing power they deploy. To better…