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Bitcoin Price Continues to Rise, Demonstrating Resilience as Core Developer Explains

Throughout the past week, the Bitcoin price has surged from around $4,500 to $5,920, demonstrating a $1,420 increase in value within a relatively short period of time. Since October 14, the price of Bitcoin has endured a minor correction, declining from $5,920 to $5,500. But, Bitcoin Core developer Eric Lombrozo emphasized the resilience of Bitcoin towards various external factors that could have

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Blockchain Could Reduce Waste, Save US State Department Billions

US Deputy Secretary of State John Sullivan is encouraging the Department and its partners in the private sector to seriously study the possible integration of Blockchain technology into the agency’s operations. He proposed that the technology should be used to advance the agency’s diplomacy and development objectives.Sullivan gave his speech before members of other government agencies, private

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Japan Becomes Largest Bitcoin Market as Traders Leave China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.Earlier this week, the Chinese government, local authorities and financial regulators

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NO2X: Breaking Bitcoin Shows No Love for the SegWit2x Hard Fork in Paris

“There’s no such thing as a safe hard fork,” Electrum lead developer Thomas Voegtlin corrected an audience member at the Breaking Bitcoin conference in Paris last weekend. “I would recommend to have replay protection, of course,” he added.Community support for SegWit2x, the Bitcoin scaling proposal spearheaded by Barry Silbert’s Digital Currency Group, was virtually absent in Paris. Wh

Bitcoin Price Struggles to Recover Past $4,300 as Chinese Exchange Ban Talk Continues

Within a period of three days, bitcoin experienced two minor corrections, pulling back the upward momentum and strong rally it had maintained for a few weeks.Last week, the Chinese central bank, the People’s Bank of China (PBoC), temporarily suspended all initial coin offerings (ICOs) and officially declared ICO as an illegal fundraising method. The abrupt announcement from PBoC affected the ent

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Ukraine to Auction Seized Assets Through Blockchain Showing It Fights Corruption

Ukraine’s justice ministry shows their interest to digitally auction seized assets through the Blockchain.Blockchain is set to progress to manage state properties and land registries by the end of the year 2017.Transparent government transactionsThe aim of such a move is to create an effective system to sell seized properties and other assets as well as to be more transparent, open and secure to

Japan’s Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

Technology Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe.Also read: GMO Releases Details of Bitcoin

New concept of investment in the world of cryptocurrency.

The construction company SBG, Ltd. in September launches ICO project to attract investment of resources in the project Estate Coin. A key feature of the project is the symbiosis of information technologies and technologies for the construction of residential buildings. The system of heat recovery, allocated during the crypto currency mining is integrated in the heat supply system of the house. The

Chinese Manufacturing Giant Midea Seeks Household Appliance Mining Patent

Mining Public records reveal the large Chinese electrical appliance manufacturer, Midea Group, recently applied for a patent that enables bitcoin mining through household appliances.Also Read: Australia Introduces Bill That Regulates Bitcoin ExchangesA system for Digging Bitcoins by Using a Household ApplianceThe Chinese corporation Midea

Chinese Manufacturing Giant Midea Seeks Household Appliance Mining Patent

Mining Public records reveal the large Chinese electrical appliance manufacturer, Midea Group, recently applied for a patent that enables bitcoin mining through household appliances.Also Read: Australia Introduces Bill That Regulates Bitcoin ExchangesA system for Digging Bitcoins by Using a Household ApplianceThe Chinese corporation Midea

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