Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises

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Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has increased by nearly 8 percent since February 17, … Continued

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Solve This Videogame’s “Mind-Blowing” Test, Get a Bitcoin

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Beat the game, win a Bitcoin. Simple, right? That’s the premise of MonteCrypto: The Bitcoin Enigma, a PC game scheduled for release next week. The mysterious game, the latest in a long tradition of public treasure hunts, offers players the opportunity to achieve a lucrative payday — if they can solve the game’s two dozen … Continued

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Game Developer Atari Unveils Blockchain-Fueled Dual-Cryptocurrency Gaming Reboot

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The video game console for hits like eighties favorite Pac-Man is readying a pair of digital tokens, which is likely to rack up points with investors.  The Atari Group revealed a two-pronged initiative for which it has inked a couple of partnerships involving not one but two cryptocurrencies. Atari is the latest in what appears … Continued

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Emotion vs Reason, Round 1: Historical Technology Hypes

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Emotion vs Reason I’m sure most decisions you make are based on numbers rather than intuition or perception.  However, some are clearly misinformed. Not because you did not search thoroughly, or because you couldn’t find enough data. Rather, there’s something increasingly more difficult to analyse than numbers and facts: people’s feelings towards an event. –disclaimer: … Continued

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The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper

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Tim Draper, the founder of venture capital firm Draper Fisher Jurvetson, says the world needs a new kind of currency. Speaking from Stanford, California, Draper, an early investor in Bitcoin and a victim of the infamous 2014 Mt. Gox hack, spoke to Bloomberg TV of his confidence in cryptocurrencies. Draper lost around 40,000 Bitcoins in … Continued

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Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains

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For the first time in February, the cryptocurrency market has recovered to $500 billion, as most major cryptocurrencies including bitcoin and Ethereum recorded large gains in the past two days. Within the past 24 hours, bitcoin recorded a price increase 9 percent, rising from $10,030 to $10,850. Premiums in the South Korean cryptocurrency market have

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ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts

The post ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts appeared first on CCN

Dutch ‘big four’ bank ABN AMRO has launched a new service wherein bank accounts are issued to individual clients via the blockchain, as alternatives to escrow accounts. ABN AMRO is shifting gears in its blockchain endeavor. The Amsterdam-based banking giant has announced a new service wherein individual client within non-bank organizations entrusted with client funds … Continued

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Hydro-Quebec Mulls Higher Rates as Bitcoin Miners’ Demands Surge

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Rising demand for Montreal’s low-cost hydroelectric power among bitcoin miners could spur higher electricity rates. Hydro-Quebec revealed it may consider hiking the cost for bitcoin miners given a flood of pent-up demand in the region, which would thwart the plans of bitcoin miners who depend on low rates for the massive amounts of electricity it requires … Continued

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Coinbase Customers Suffer Erroneous Charges

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With customers experiencing erroneous credit card charges for cryptocurrency purchases, Coinbase has blamed Visa for the charges but claims it is working with Visa to ensure all affected customers are reimbursed. Coinbase said the charges were caused by Visa reversing and recharging transactions. Coinbase Makes Its Case Over the last few months, banks and card … Continued

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The Pump and Dump Schemes Are Threatening Bitcoin Price

Bitcoin Price Manipulation

Inflating prices through Pump and Dump schemes isn’t new to the stock markets; the unregulated and anonymous nature of cryptocurrencies makes it easier for scammers to manipulate stock prices.

NEM (XEM) President Lon Wong believes price manipulation is unavoidable in cryptocurrency markets saying:

“Price manipulation is not something new. You see it in mainstream markets as well. We are in a very nascent, growing phase of our industry and these things are unavoidable,”

Cyber attackers had recently stolen $530 million of NEM coins from the Japanese exchange.

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US Government Not Passing Bitcoin Regulations Anytime Soon: White House Official

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The US government won’t be passing Bitcoin regulations anytime soon, at least according to one White House official. Rob Joyce, special assistant to the president and White House cybersecurity coordinator, stated during an interview with CNBC that although the government is concerned about Bitcoin and other public cryptocurrencies, officials are still a long way from … Continued

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Switzerland Lays out Guidelines in Support of ICOs

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Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), recently published initial coin offering (ICO) guidelines that reveal the regulator will oversee the fundraisers and regulate them either under anti-money laundering laws, and as securities. The guidelines show FINMA is looking to clarify how token issuers should proceed in the country, as the regulator

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‘Crypto Genius’ James Altucher Seeks $280 Million Valuation for Blockchain Startup Bitzumi

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“Crypto genius” James Altucher is back, and he’s got big plans. Altucher, the so-called “face of Bitcoin,” and his company, Bitzumi, are seeking to raise $10 million to launch a full-service blockchain startup that will, among other things, feature a cryptocurrency exchange. That figure might not seem like that much, but as the SEC filing … Continued

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Ellen DeGeneres Is ‘Down With’ Bitcoin

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If there was any doubt that bitcoin is making its way into the mainstream, Ellen DeGeneres has just dispelled those myths. Telling her audience that she’s ‘down with’ bitcoin, Ellen used her comedic talent to describe bitcoin by comparing the top cryptocurrency to a goat and even talking BTC price. She used her ability to communicate … Continued

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