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Bitcoin Exchange Bitfinex Gives US Customers the Boot Blaming Regulations

Cryptocurrency exchange Bitfinex has confirmed it will block all US customers from November 9 as regulatory uncertainty bites.In its latest blog post Monday, Bitfinex, which already prohibits US users from becoming verified on its platform, said they should now remove all hosted tokens.“U.S. customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer finan

Jimmy Song: Cryptocurrencies Like Bitcoin Demonstrate Real Value of Developers

Jimmy Song, a prominent Bitcoin developer and the principal architect behind Paxos, has recently stated that cryptocurrencies like Bitcoin demonstrate the real value of developers and developer activity.Earlier this year, Ivey Business School professor JP Vergne revealed in a study that the best indicator and predictor of the exchange rate of cryptocurrencies is the amount of developer activity ar

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Ethereum Hard Fork Happening Now – User Advice

The first half of the Ethereum Metropolis hard fork, nicknamed Byzantium, is happening on Monday at some point between 12:00 and 13:00 UTC. The fork is scheduled to take place at block number 4,370,000. For those interested in watching the fork take place live, a countdown clock can be found here.Updates galoreThe much anticipated hard fork contains a number of updates to the Ethereum chain includ

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The History and Evolution of Proof of Stake

The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.comProof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining’s high energy consumption. At that time, it cost an average of $150,000 a day to maintain the Bitcoin network. Today, this figure is at a stagger

Developer Amaury Séchet Discusses the Values of Bitcoin ABC Development

Interview Over the past two months, the Bitcoin Cash network has been trucking along and currently holds the fourth largest cryptocurrency market capitalization. Recently news.Bitcoin.com covered the project’s current Emergency Difficulty Adjustment (EDA) and the discussions concerning the future of the network’s difficulty change. This week we s

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Scaling Bitcoin Releases This Year’s Program and a New Developer Bootcamp

Today, Scaling Bitcoin, the international engineering conference focused on Bitcoin and blockchain research, released its program for the 2017 edition. The conference, to be held in Stanford, California, in the first weekend of November, will also introduce a new side event this year: Bitcoin Edge, a bootcamp for starting Bitcoin developers.“The program is extremely interesting because it d

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Back to its roots: Ice Rock Mining takes Crypto mining underground

Mining for precious metals has always been an underground pursuit as that is where the materials lay, however, when it comes to Cryptocurrency mining it can happen anywhere.That, however, does not mean that taking it back to its roots, underground, is a bad idea as Ice Rock Mining has discovered. The company has procured a former Soviet bunker where they aim to set up a large-scale mining operatio

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Bitcoin, Dash Can Now Be Spent at 40 Million Stores Worldwide, Thanks to Wirex Debit Card

Digital currency could quite possibly be transformative, providing a paradigm shift in the world’s interactions with money and finance. As Jihan Wu, CEO of Bitmain, recently blogged:“[Bitcoin] essentially rolls gold, cash, and our credit card system into one. It takes the strengths of each and leaves the weaknesses behind. It has the limited supply quality of gold, but can be used to purchase

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Editorial: Ars Technica Just Doesn’t Understand Bitcoin, Says Forks Have Split Network in Half

Expecting mainstream media coverage of Bitcoin’s surge past $5,000, today I browsed over to one of my favorite news websites: Ars Technica. I was sorely disappointed at what I found, and at the fact that the preeminent tech news site simply doesn’t “get” Bitcoin.Why and whereforeThe piece by Ars Technica immediately begins by questioning the reason behind Bitcoin’s high price, first spec

Samson Mow Reaffirms $6,000 Target as Bitcoin Price Hits New All-Time High

Earlier today, on October 12, the Bitcoin price achieved a new all-time high at $5,220, despite the uncertainty surrounding the SegWit2x hard fork in November. Subsequent to the recent surge of the Bitcoin price, Samson Mow, the chief strategy officer at Blockstream, the blockchain technology development firm, reaffirmed his interim price target of $6,000 by the end of 2017.Just a reminder. $BTC a

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