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Wes Moss: Why bitcoin is a big deal, and why you should be careful - MyAJC

Fri, 20 Oct 2017 09:02:37 GMT

Bitcoin. It's everywhere. Thanks to its skyrocketing value, it's been a regular topic on the front page of every financial website. One bitcoin is currently worth $5,500, up from $1,000 in December. I hear what you're thinking. Wow. So, what's bitcoin ...

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Bitcoin is heading to $10000, CNBC survey says - CNBC

Fri, 20 Oct 2017 07:55:00 GMT

The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said. During the week, CNBC ran an unscientific survey online asking: "Where does bitcoin go from here?" Forty-nine percent of the 23,118 people who ...and more »

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Epic Games sues Bitcoin mining “cheat” - MyBroadband

Fri, 20 Oct 2017 06:51:54 GMT

Epic Games, publisher of Fortnite, is taking the creators of cheating programs to court for copyright infringement, reported TorrentFreak. One of the alleged cheaters is Russian Mr Yakovenko, who promoted his cheat via YouTube videos. However, his ...and more »

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Forget Bitcoin, The Blockchain Revolution Is Coming - Nasdaq

Fri, 20 Oct 2017 06:47:28 GMT

In January 2009, bitcoin was essentially born by a coder going by the name of Satoshi Nakamoto. Satoshi claimed to be a 33-year-old man from Japan... however, his true identity remains a mystery. But the basic premise behind bitcoin was a peer-to-peer ...and more »

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Gold Still Beats Bitcoin, According to Goldman Sachs… But What About Price Independence? - Hacked

Fri, 20 Oct 2017 05:39:00 GMT

Although bitcoin clearly isn't gold, the two asset classes share similarities. They are both finite , and can be converted into fiat currencies rather easily. They are also portable and offer anonymity. Some analysts have also compared bitcoin's store ...and more »

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Bitcoin Surging Means New Storage Fears as Users Take Extreme Measures - Bitcoin News (press release)

Fri, 20 Oct 2017 05:30:19 GMT

Bitcoin millionaires are now a thing, and so are thousandaires. It's been a good, good year for users of the world's most popular cryptocurrency. With sums exceeding expectations by a lot, problems arise. Keeping it all on a smartphone no longer seems ...

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Could China sink the Bitcoin price? - Motley Fool Australia

Fri, 20 Oct 2017 03:34:34 GMT

Bitcoin prices fell by the most in a month after the Commodity Futures Trading Commission's Lab ruled that virtual currency used in initial coin offerings (ICOs) are classified as securities and would be subject to regulatory oversight. The bitcoin ...

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Family sells everything they own for bitcoin - Rappler

Fri, 20 Oct 2017 03:28:00 GMT

(READ: What is Bitcoin?) Unlike a real-world unit such as the US dollar or euro, bitcoin has no central bank and is not backed by any government and is not generally recognized as a currency. But bitcoins can be exchanged for goods and services – or ...and more »

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Family Selling Everything They Own To Bet On Bitcoin - malaysiandigest.com

Fri, 20 Oct 2017 02:41:57 GMT

The soaring prices of bitcoin have led a Dutch family to bet everything they own, including a business, their home, two cars and a motorbike, on the virtual currency. Didi Taihuttu, 39, is currently living in a small holiday chalet on a camping ground ...and more »

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Coinmall Hopes to Build an Ebay for Digital Goods Powered by Cryptocurrency - Bitcoin News (press release)

Fri, 20 Oct 2017 02:30:13 GMT

This week we looked at a new cryptocurrency-based marketplace called, Coinmall.io, a platform that allows users to purchase digital goods with bitcoin and litecoin. Further, news.Bitcoin.com discussed the marketplace platform with its founder, Yousef ...and more »

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Bitcoin Price Analysis - Volatility reigns - Brave New Coin

Fri, 20 Oct 2017 01:16:34 GMT

Meanwhile the Bitmain and Bitcoin Cash faction claimed transactions were too expensive and were lobbying for a bigger block size, while at the same time confirming more empty blocks than any other pool by far. Confirming empty blocks decreases ...

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Zimbabwe News – Bitcoin Selling at Twice Global Dollar Average - Bitcoinist

Fri, 20 Oct 2017 00:49:47 GMT

Following over a decade of economic turmoil, Zimbabweans are turning to bitcoin for some financial stability. Yes, you read that correctly! I mean, seriously, just how messed up is that? As a result, bitcoin is reportedly selling in the capital, Harare ...

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Star Jets International Now Accepts Bitcoin Payments - Bitcoin News (press release)

Fri, 20 Oct 2017 00:33:44 GMT

Star Jets International LLC now accepts bitcoin payments for private jet flights. The company is a wholly owned subsidiary of Advanced Defense Technologies, Inc. Customers who use Star Jets get to leverage all the advantages of using a corporate jet, ...and more »

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'Gold Wins Out' Over Bitcoin — Goldman Sachs - Kitco News

Fri, 20 Oct 2017 00:23:11 GMT

“Gold wins out over cryptocurrencies in a majority of the key characteristics of money,” Goldman said in a note to clients this week, disproving the idea that bitcoin is the “digital gold” due to its limited supply. One of the arguments against the ...and more »

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First World Fat Cat Jamie Dimon Doesn't Understand Poverty, Bashes Bitcoin - CoinTelegraph

Thu, 19 Oct 2017 23:35:12 GMT

But for the inhabitants of more than 170 countries that do not have strong fiat currencies like sterling, euro, yen or dollars, Bitcoin definitely has value. An example from Brazil clearly demonstrates the benefits of transacting internationally with ...and more »

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Bitcoin Price Analysis: Potential Wyckoff Distribution May Spring New All-Time Highs - Nasdaq

Thu, 19 Oct 2017 22:44:29 GMT

A potential Wyckoff Distribution phase is under way as bitcoin continues to climb on shaky ground. Days after having a strong $1,000 climb and nearly reaching $6,000 on most exchanges, we saw a strong rejection of the upper limits of the market as it ...and more »

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USV's Fred Wilson Dismisses Bitcoin Crash Prediction, Explains Optimal Crypto Holdings for Investors - CryptoCoinsNews

Thu, 19 Oct 2017 22:21:41 GMT

Prominent venture capitalist and Union Square Ventures co-founder Fred Wilson, who previously stated banks are oblivious to bitcoin's best feature, recently published a blog post in which he explains how much each type of investor should put into ...

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Tezos Founders Enter Legal Battle for Control of $400m in Raised ICO Funds - Bitcoin News (press release)

Thu, 19 Oct 2017 21:09:58 GMT

Tezos' initial coin offering (ICO) did not have a cap on investment and raised approximately $232 million – at the time comprising the largest ICO crowdsale to date. The 65,703 bitcoins (BTC) and 361,122 ETH raised by the company is now worth more than ...and more »

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Bitcoin, Ethereum, Litecoin: Price Analysis, October 19 - CoinTelegraph

Thu, 19 Oct 2017 21:04:27 GMT

During trading time on Wednesday, Bitcoin dropped to $5,100 after the US Commodity Futures Trading Commision announced that tokens were to be equated with stock goods. If this happens, cryptocurrencies risk being observed more closely and regulated ...

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US Regulators Debate Whether Bitcoin is Commodity or Security - CoinTelegraph

Thu, 19 Oct 2017 20:23:54 GMT

There has been much debate about whether virtual currencies should be classified as a commodity or a security. As early as 2015, the CFTC had opined that Bitcoin was a commodity and would be subject to its jurisdiction. The SEC has recently asserted ...and more »

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Bitcoin Is Not the New Gold, Says Goldman Sachs - TheStreet.com

Thu, 19 Oct 2017 20:15:33 GMT

Bitcoin is not the new gold, according to Goldman Sachs analysts who have released a report comparing the cryptocurrency outlook to that of the metal of Midas. In a recent Bloomberg report which quotes Goldman Sachs' analysts Jeffrey Currie and Michael ...and more »

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Sweden's Government Sold Bitcoin Today At Above Market Rates - CoinDesk

Thu, 19 Oct 2017 20:07:16 GMT

The Swedish government has successfully auctioned off some bitcoin, collecting more than the prevailing market rate in the sale. The 0.6 BTC – along with an equal amount of bitcoin cash, which was not previously dsiclosed – were sold by the Kronofogden ...

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A Look at Five Different Cryptocurrency Hardware Wallets and Prices - Bitcoin News (press release)

Thu, 19 Oct 2017 20:05:18 GMT

As bitcoin and alternative digital currencies grow more valuable, the demand for hardware wallets has grown significantly. Currently, there are a lot more options than when the first bitcoin hardware wallets came out and a lot more features. Here's a ...and more »

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A 'Fortnite' Cheat Maker Duped Players Into Downloading a Bitcoin Miner - Motherboard

Thu, 19 Oct 2017 19:59:06 GMT

"While the 'cheat' does not appear to be a functional Fortnite cheat," reads a court filing posted by TorrentFreak, "it functions as a bitcoin miner that infects the user's computer with a virus that causes the user's computer to mine bitcoin for the ...and more »

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Bitcoin ETFs Will Be Approved, but When? - TheStreet.com

Thu, 19 Oct 2017 19:53:56 GMT

Fund management group VanEck applied to have the VanEck Vectors Bitcoin Strategy ETF approved but withdrew the application after some being contacted by the SEC. REX Shares, a Connecticut-based fund management group, also applied to launch ...

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Charlie Lee Criticizes Bitcoin Cash For Branding Itself as Bitcoin - CryptoCoinsNews

Thu, 19 Oct 2017 19:52:30 GMT

At the time, even Bitmain, which first introduced Bitcoin Cash in July as Bitcoin ABC, was caught off guard with the statement of ViaBTC to pursue the hard fork in September. But, within the past two months, Bitcoin Cash has not been able to come close ...and more »

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Bidding with bitcoin, a world first at Italian auction - CTV News

Thu, 19 Oct 2017 19:15:00 GMT

Bitcoin is not generally recognised as a proper currency -- lacking a home country, central bank or treasury -- although its real world use is constantly increasing. It is traded through blockchain technology, which publicly records transaction details ...and more »

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Bitcoin technicals: Bitcoin back above 100 hour MA - ForexLive

Thu, 19 Oct 2017 19:01:28 GMT

In the bitcoin technical report yesterday, the price fall fell below the 200 hour moving average, but quickly recovered back above the level. In the post yesterday, I wrote: Today, although the price moved below that 200 hour MA line (more bearish) we ...and more »

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Bitcoin technicals: Bitcoin back above 100 hour MA - ForexLive

Thu, 19 Oct 2017 19:01:28 GMT

In the bitcoin technical report yesterday, the price fall fell below the 200 hour moving average, but quickly recovered back above the level. In the post yesterday, I wrote: Today, although the price moved below that 200 hour MA line (more bearish) we ...and more »

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Bitcoin Will Be Worth $25000 Per Unit, According To Top Financier - LADbible (blog)

Thu, 19 Oct 2017 18:50:31 GMT

A former JP Morgan equity strategist believes that Bitcoin's value will soar to $25,000 (£19,000) per unit within five years. Tom Lee, also the co-founder of FundStrat Global Advisor, told Business Insider that in the short term Bitcoin is like a ...and more »

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Dutch family sells everything to bet on bitcoins - Phys.Org

Thu, 19 Oct 2017 18:47:02 GMT

"We are putting everything into bitcoin, we've sold everything to invest in this currency," Didi Taihuttu told AFP. The 39-year-old is currently living in a camping ground with his family, aiming "to put as much money as possible to one side and ...and more »

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Epic Games Sues Man Over Bitcoin Mining Fortnite 'Cheat' - TorrentFreak

Thu, 19 Oct 2017 18:40:07 GMT

While the 'cheat' does not appear to be a functional Fortnite cheat, it functions as a bitcoin miner that infects the user's computer with a virus that causes the user's computer to mine bitcoin for the benefit of an unknown third party,” the complaint ...

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Attorney General Jeff Sessions: Bitcoin on Dark Web 'Is a Big Problem' - CoinDesk

Thu, 19 Oct 2017 18:16:56 GMT

U.S. Attorney General Jeffrey Sessions is concerned about the use of bitcoin and other cryptocurrencies in illicit transactions. During his testimony to the Senate Judiciary Committee on Wednesday, Sessions – a former U.S. senator himself – highlighted ...and more »

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Why Bitcoin Buyers Should Heed Lessons of China's Bubbles - Wall Street Journal

Thu, 19 Oct 2017 18:06:57 GMT

Everyone's a China-watcher these days, as red-blooded capitalists try to extract policy clues from hourslong speeches by aged Communist leaders. A more fruitful pursuit for investors might be to remind themselves of the two big lessons from recent ...

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Why Bitcoin and Crypto Market Cap will Hit $1 Trillion in 2018 - CoinTelegraph

Thu, 19 Oct 2017 17:49:46 GMT

So here is the thing that most people don't understand is going on when it comes to crypto currencies, Bitcoin, Blockchain, and especially ICO's. Many people are star-struck with the gains made in 2017 with $2 bln invested into ICOs and think this is a ...and more »

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Caveat Emptor? Black Monday 30th Anniversary Sees Bitcoin Beating Bubble Fears - CoinTelegraph

Thu, 19 Oct 2017 17:46:12 GMT

Thursday marks the thirtieth anniversary of the infamous Black Monday on Wall Street, but for the crypto industry it's “just Monday.” Oct. 19, 1986 still strikes fear into the hearts of die-hard bankers as the date of the single biggest one-day stock ...and more »

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Dutch family sells everything to bet on bitcoins - Channel NewsAsia

Thu, 19 Oct 2017 17:31:00 GMT

THE HAGUE: A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. "We are putting everything into bitcoin ...and more »

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Dutch family sells everything to bet on bitcoins - Channel NewsAsia

Thu, 19 Oct 2017 17:31:00 GMT

THE HAGUE: A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. "We are putting everything into bitcoin ...and more »

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Dutch family sells everything to bet on bitcoins - Breitbart News

Thu, 19 Oct 2017 17:22:56 GMT

The Hague (AFP) – A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. “We are putting everything into ...and more »

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What Lightning Will Look Like: Lightning Labs Has Announced Its User Interface Wallet - Bitcoin Magazine

Thu, 19 Oct 2017 17:15:17 GMT

“This is the first functioning user interface for both sending and receiving lightning transactions with a light client mode,” Lightning Labs CEO Elizabeth Stark told Bitcoin Magazine. The lightning network is currently being developed by several teams ...and more »

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A bitcoin ETF may be the next big thing on US exchanges - The Globe and Mail

Thu, 19 Oct 2017 17:15:11 GMT

There are plans for bitcoin derivatives. LedgerX won U.S. Commodity Futures Trading Commission approval in July to offer options, while Cboe Global Markets Inc. wants to create futures this year or early in 2018, pending CFTC approval. There is ...and more »

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Russian Economic Development Minister Calls Bitcoin Worse Than Casinos - CoinTelegraph

Thu, 19 Oct 2017 17:10:42 GMT

Russia moves quickly in its push against Bitcoin and other decentralised currencies, as it first issued a ban on access to exchanges, then followed that up with a state-mandated currency. This play is to seemingly control the burgeoning cryptocurrency ...and more »

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Dutch family sells everything to bet on bitcoin - The Straits Times

Thu, 19 Oct 2017 16:52:16 GMT

THE HAGUE (AFP) - A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. "We are putting everything into ...and more »

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Josh Brown goes down the bitcoin rabbit hole. Here's his early take - CNBC

Thu, 19 Oct 2017 16:50:12 GMT

You walk halfway across Rivington Street and in the middle of the block there's an alley leading north, and then, inexplicably, it curves northwest. It's remarkable in that on the Isle of Manhattan there aren't any alleys. And this one is whimsical ...

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Inspector General: US Mint Should Consider Bitcoin's Impact - CoinDesk

Thu, 19 Oct 2017 16:41:28 GMT

The U.S. federal agencies responsible for coining and printing currency should consider the future impact of cryptocurrencies, according to a new inspector general report. In an Oct. 16 note to U.S. Treasury Secretary Steven Mnuchin, inspector general ...and more »

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Dutch family sells everything to bet on bitcoins - Yahoo Singapore News

Thu, 19 Oct 2017 16:30:15 GMT

A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. "We are putting everything into bitcoin, we've sold ...and more »

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