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Man Who Bought Pizza With 10,000 Bitcoin Buys it With Lightning

Bitcoin Pizza Day is an unofficial holiday among cryptocurrency enthusiasts. It marks the birthday of the moment on which Laszlo Hanyecz paid 10,000 BTC for two large pizzas. It seems Hanyecz is still keeping a close eye on Bitcoin as of right now. He recently used the Lightning Network to buy two pizzas with Bitcoin at more normal prices. Laszlo Hanyecz is a Cult FigureIt is safe to say Bitcoin w

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Culprits Apprehended In Alleged Icelandic Bitcoin Miner Theft

Icelandic information technology service Advania has confirmed with their security footage that the police have apprehended the right two men for the three burglaries at data centers in Iceland last December and January, local news outlet Visir reported Feb. 21.Visir had earlier reported that there were three burglaries in total, from a period of Dec. 5, 2017 to Jan. 16., 2018, and that 600 graphi

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Original Pizza Day Purchaser Does It Again With Bitcoin Lightning Network

Laszlo Hanyecz, the man that completed the world’s first documented Bitcoin (BTC) transaction for a physical item in 2010 -- 10,000 BTC for two pizzas -- has now bought two more pizzas using the Bitcoin Lightning Network.Hanyecz posted on the Lightning-dev mailing list today, Feb. 25, that he had to get his friend in London to “sub contract” out the pizza delivery to a local pizza place in o

Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000?

Key PointsBitcoin price declined this past week and moved below the $10,000 level against the US Dollar.There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).The pair must stay above the $9,300 and $9,000 support levels to avoid further declines in the near term.Bitcoin price is under pressure below the $10,000

Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870

Key HighlightsETH price declined recently and moved below the $860 support level against the US Dollar.There is an expanding triangle forming with resistance at $870 on the 4-hours chart of ETH/USD (data feed via SimpleFX).The pair may continue to decline as long as it is below the $870 resistance level.Ethereum price is struggling to move higher against the US Dollar and Bitcoin. ETH/USD could ex

Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further

Key PointsBitcoin cash price started a fresh decline this past week and moved below $1,250 against the US Dollar.There is a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX).The pair may continue to decline and it could even break the $1,100 support in the near term.Bitcoin cash price is struggling to recover against the U

Trading Tip `The Wall´ – Meet the TA Gods

Featured Whether TA works or not is a topic discussed ad nauseam in cryptocurrency circles. As a cryptocurrency trader with a fascination for engineering, math and science, I backtested the entire spectrum of the most popular bitcoin TA indicators in early 2015 using the now defunct Tradewave-platform, in search of that magic formula that would allow

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Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws

Ethereum smart contracts are hot technology as of right now. While many companies see merit in this technology, there are security issues a swell. Researchers discovered several vulnerabilities which put millions of Dollars at risk. This is worrisome news, although there is a positive side to it as well.Security Flaws in Smart ContractsThere are many different aspects to smart contracts. Templates

Pump and Dump in Crypto: Cases, Measures, Warnings

The pump and dump, an age-old scheme to quickly raise the value of a worthless asset and then selling it to reap the profits from the price increase. Not only is the pump and dump illegally under the securities laws, but it is also extremely popular in the world of Blockchain technology, cryptocurrency, and digital assets.How does it workIn a pump and dump scheme, the price of a worthless asset-us

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Is Proof-of-Work a Major Problem for Bitcoin’s Future?

Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad thing. The Proof-of-Work SituationGenerating new Bitcoins requires dedicated hardware. This hardware is

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