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Author: Bitcoinist

Faith in Wraith Misplaced for Verge

When a major update is rolled out or a hard fork occurs, interest in a coin will increase along with its price. This has certainly been the case for Bitcoin and Ethereum, but things are not always so smooth for other altcoins. The long anticipated Wraith protocol update for Verge was expected to be rolled out on New Year’s Day, and hodlers were hoping for a price spike.  Prices started to head upwards around the

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Israeli Company Sued for Misleading Crypto Mining Statements

An Israeli shell company, Apollo Power, had its stocks soar after revealing that they had harnessed solar power for crypto mining. However, such claims turned out to be exaggerated, and they are now being sued. One of the most intriguing debates about cryptocurrency is the power used in mining and for transactions. Some have said that the total power consumption used by Bitcoin miners is more than the total of 19 European countries. Then there’s

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Is North Korea Boosting Bitcoin?

Bitcoin has definitely made it to the big time in 2017 as mainstream media ran reports and televised debates on the meteoric rise of the world’s number one cryptocurrency. Speculators and observers have put forward suggestions on what has caused these price surges, and one of them has been North Korea’s estranged leader, Kim Jong-un. Although markets have corrected somewhat, Bitcoin has still seen gains of around 1600% since this time last year when it

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Could Coinbase Send Ripple to the Moon?

This year is likely to be a little more stable for many cryptocurrencies which have enjoyed monumental growth during the last three months of 2017. Some, however, could continue upwards, boosted by partnerships, tech upgrades, and listing on more exchanges. Ripple has already made huge moves in the past couple of weeks, pumped largely by news of greater acceptance by banks and credit card companies. At the time of writing, it has surpassed Ethereum by

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Bitcoin as Good as Gold. Well, Actually Better

If financial statistics are anything to go by, perhaps there should be a pot of bitcoins at the end of every rainbow as the cryptocurrency has outperformed gold for a second year running. According to Forbes, the Bitcoin Investment Trust gained 1407.42%, while SPDR Gold Shares only increased by 11.93%. Yes, you read that right. However, both gold and Bitcoin grew more than the S&P 500 and 20-year US Treasury bonds. This is the second

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Bank of England May Issue Its Own Cryptocurrency

The Bank of England is compiling a report that may lead to it issuing its own cryptocurrency that would cut out the need for high street banks. While Bitcoin and its cryptocurrency cousins sizzled in 2017, the new year should continue to see a lot of crypto action. An interesting development in the coming year concerns the Bank of England (BoE). The bank’s research unit has been studying virtual currencies since 2015, and the bank

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‘Is Crypto Mining The Public?’ Goldbugs Tell Media Gold Will Be Great Again

Bearish mainstream finance figures have begun forecasting a consumer return to gold once Bitcoin “uncertainty” dents their confidence. Bitcoin ‘Uncertainty’ Will Prompt Gold Return In two separate interviews on pro-Bitcoin Cash news media network CNBC, Gartman Letter founder Dennis Gartman and gold mining CEO Sean Boyd both tipped the precious metal to ultimately benefit from Bitcoin fluctuations. Boyd noted: I think, over time, the question will be: are these cryptocurrencies and the developers of these

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Ethereum Classic Tech Update Sees 30% New Year Price Spike

South Korea’s biggest exchange Bithumb has led a trading spike in Ethereum Classic (ETC) which saw the altcoin gain 29% in 24 hours Monday. Korean Market Leads 40% Of ETC Charge Handling over 40% of ETC’s 727 million daily volume, Bithumb support fuelled a price reversal towards recent all-time highs above $40. Following a general cryptocurrency market decline last week, ETC had fallen rapidly to below $27 according to cross-exchange data from Coinmarketcap. Unlike many,

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Australian Banks Reportedly Freezing the Accounts of Bitcoin Users

Reports are emerging on Twitter that bank accounts in Australia associated with Bitcoin purchases are being frozen alongside transactions that users may be making to some of the country’s most popular cryptocurrency purchasing sites. The Australian banks which have been accused of freezing accounts of Bitcoin users have been listed as the National Australia Bank, ANZ, Commonwealth Bank of Australia, and Westpac Banking Corporation. The claim was made in a tweet saying that user activity associated

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As We Say Goodbye to 2017, What Does 2018 Hold for Bitcoin?

2017 is finally over. The value of Bitcoin has multiplied by 14, and this is the first year that Bitcoin and other cryptocurrencies made it into mainstream media. What’s next for Bitcoin in 2018? Price Explosion: A Brief Overview This year did not start out as a promising year for bitcoin. Right after returning to the $1000 mark on the first day of the year, China cracked down on multiple bitcoin exchanges; margin trading was

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I Got a Ledger Nano S for Christmas, Now What? 7 Steps to Set Up Your New Hardware Wallet

Like a lot of crypto enthusiasts, you got a shiny new hardware wallet for Christmas to store your digital assets, but you aren’t sure how to go about setting it up. Not to worry! This 7-step guide will help you set up your Ledger Nano S safely and securely. 7 Steps to Setting up Your Ledger Nano S Santa came down the chimney and left you a brand-new Ledger Nano S under the tree! Hurray!

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3Commas – Smart Tools for Intelligent Cryptocurrency Traders

3Commas is a suite of “smart tools” to help cryptocurrency investors minimize risks, limit losses, grow profits, and manage their portfolios across multiple exchanges. Saint Petersburg, Russia-based 3Commas offers experienced and beginning traders alike a suite of “smart tools” designed to help them manage their portfolios across multiple cryptocurrency exchanges while maximizing profits and limiting losses. Before test-driving the platform, Bitcoinist sat down with 3Commas CMO Mike Goryunov to talk about what prompted the team

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