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Steam Stops Accepting Bitcoin Payments Citing Extreme Volatility, Fees

Today, Valve announced that the Steam gaming platform will no longer accept Bitcoin payments due to high fees and incredible volatility. Valve says transaction fees, which are passed on to the company by Bitcoin payment processor Bitpay, surpassed $20 last week. Transaction fees were only 20 cents last spring when Valve began accepting the digital currency for payment.The Steam platform began acce

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SpaceX Intern Claims Founder Elon Musk Created Bitcoin

The crypto-sphere has been awash recently with stories claiming that the creator of Bitcoin is none other than SpaceX founder and Tesla CEO Elon Musk. Nobody really knows the true identity of Bitcoin’s father other than the pseudonym Satoshi Nakamoto and its elusive connotations. Interest has surged in the cryptocurrency which is currently teetering on breaking the ten thousand dollar price leve

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2x or No 2x, That Was the Question

SegWit2x was supposed to be a SegWit derivative that doubled the amount of data a block could hold from 1MB to 2MB. The SegWit2x plan came into being at the 2017 Consensus conference in New York. At this event, 58 Bitcoin-related companies signed an agreement proposed by the Digital Currency Group - the company behind $GBTC. This agreement proposed that SegWit be activated as soon as possible, and

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Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited

At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly dead in the water, there is only one apparent solution to the s

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Bitcoin Reaches End of An Era: Expert Blog

Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com.Calling off 2MB blocks marks the end of a 3-year effort between different polit

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De-briefing Ethereum’s Parity Predicament: What’s Next?

After an unidentified actor “accidentally” triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer — is this vulnerability an anomaly? An “I told you so”? Or a humbling opportunity to secure the Ethereum network?What Happened?On November 6, “Devops199,” an alleged amateur programmer, set off a chain of b

Artificial Intelligence Is Coming to Crypto Trading: An Interview with Guy Zyskind

Interview As hedge funds rush to enter the cryptocurrency space, the landscape for retail cryptocurrency investors is fundamentally changing before our very eyes. Marcel Chuo from news.Bitcoin.com sits down with Guy Zyskind, CEO of Enigma to discuss how his team is helping hedge funds that utilize artificial intelligence and automated bot trading ent

Fork Watch: The Chain With Less Hashrate Could Come to a Screeching Halt

Op-Ed Over the next two weeks, bitcoin proponents from both sides of the scaling debate will be preparing for a possible hard fork. A lot of people believe the Segwit2x fork will be entirely different than August’s bitcoin cash fork, and for good reason.Also read: Satoshi Revolution – Chapter 2: Technology Meets Anarchy. Both Profit (Part 2)

Chinese Analyst: ”Bitcoin Nuclear Bomb In New Currency War Between China and USA”

News Xiao Lei, a Chinese financial analyst, has published an article that seeks to argue that the spheres of bitcoin and cryptocurrency are increasingly becoming a battleground in “a new currency” war between China and the United States. Despite some bitcoin users describing Lei’s views as conspiratorial, the article has garnered significant at

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Satoshi Revolution – Chapter 2: Technology Meets Anarchy. Both Profit (Part 2)

Featured The Satoshi Revolution: A Revolution of Rising Expectations.Section 1: The Trusted Third Party ProblemChapter 2: Monetary Theoryby Wendy McElroyTechnology Meets Anarchy. Both Profit (Chapter 2, Part 2)Bitcoin is the catalyst for peaceful anarchy and freedom. It was built as a reaction against corrupt governments and financial institutions. I

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