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Bitcoin Exchange LocalBitcoins Posts Fourfold Trading Volume Increase in Venezuela

Decentralized Bitcoin exchange LocalBitcoins has announced a fourfold increase in its Bitcoin trading volume since June in Venezuela. This substantial increase reflects the phenomenal rise in demand for the digital currency in the country and in other emerging markets.According to the company, its trading volume of Bitcoin in the last three months has increased to 40 bln Venezuelan bolivars from a

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Smart Regulation Could Make Russia Next Major Bitcoin Market

Russia could evolve into the next major Bitcoin market, as the government continues to encourage Bitcoin mining and moves closer towards regulating its cryptocurrency exchange market.Russia’s planEarlier this week, Cointelegraph revealed that Russian President Vladimir Putin approved the launch of CryptoRuble, a cryptographically-secured state-issued national digital currency.Minister of Communi

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Demand For Bitcoin in Venezuela is Increasing at an Exponential Rate

Carpe Noctom, a cryptocurrency expert and Altcoin Exchange advisor, revealed that the demand for Bitcoin in Venezuela is increasing at an exponential rate.no coincide that OTC #bitcoin vol #Venezuela rising fast pic.twitter.com/Q2wYdD3SVl— #6kMoku (@CarpeNoctom) October 16, 2017Since June, within a three-month period, the trading volume of LocalBitcoins Venezuela has quadrupled, from around 9 bi

Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough

Technology At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height 494784.Also read:Putin Tell

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If Hard Fork Happens, Chain Backed By Majority of Miners Will Likely Win

This is an opinion piece, and the views reflected in this article are not necessarily those of Cointelegraph.Bitcoin is rapidly approaching a fork in the road that will determine a great deal about its future. Recently, Cointelegraph published a piece highlighting the so-called forks of “Bitcoin Cash” and “Bitcoin Gold” and explaining that neither were a threat to the network.The upcoming

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Craig Wright Claims Only Corporations Need to Dictate Mining and Non-mining Nodes Don’t Matter

The concept of mining Bitcoin has always been somewhat controversial. More specifically, there are a lot of conflicting opinions about this concept. There is a high degree of centralization in Bitcoin mining right now. Craig Wright, the self-professed Satoshi Nakamoto, states this was always the plan. Anyone running a non-mining node “is irrelevant|. Another controversial statement that won’t

Transnistria Allegedly Seeking Russian Investment to Establish Bitcoin Farms

Featured The unrecognized territory of Transnistria is reported to be seeking investment from Russian mining entrepreneurs to establish bitcoin mining farms, according to Russian news outlet Lenta. The report suggests that the territory hopes to enter the industrial cryptocurrency mining industry.Also Read: Crypto Mining “More Profitable Than

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Chinese Ban On ICOs Isn’t End of Fintech, Blockchain Development

Various industry pundits believe China's latest move in banning ICO’s does not necessarily mean the end for FinTech companies involved in Blockchain and cryptocurrency ventures.  According to a report by CNBC, China’s ban on ICOs may stop many Bitcoin-related crimes and scams and improve the market in the long run. However, the move will definitely not shut down ICOs entirely.Temporary pa

Crypto Mining ”More Profitable Than Drugs and Arms Trafficking” in Russia

Mining Russian media has conducted interviews with several representatives of the country’s bitcoin mining industry. The investigation has provided unique insights into an expansive industry that penetrates all levels of Russian society, ranging “from schoolchildren to pensioners”.Also Read: Russian Government Seeks Cryptocurrency Re

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SegWit2X and the Case for Strong Replay Protection (And Why It's Controversial)

Come November, the remaining signatories of the “New York Agreement” (NYA) plan to deploy the “SegWit2X” hard fork to double Bitcoin’s block weight limit, allowing for up to 8 megabytes of block space. Since not everyone supports this hard fork, this could well “split” the Bitcoin network into two incompatible blockchains and currencies, not unlike Bitcoin and Bitcoin Cash (Bcash) di

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