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Author: Bitcoinist

Coinbase ‘Exploring’ New Cryptocurrency Additions, Kraken Trolls as Prices React

Coinbase, the largest US-based digital currency exchange, has officially announced that it is “exploring the addition” of five new cryptocurrencies to its platform. The five cryptocurrencies being considered are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).  Remaining Transparent Coinbase’s announcement claims to arrive for both employees and the public at the same time. Notes Coinbase: We are making this announcement internally at Coinbase and to the public at the

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Bitcoin Price Analysis: Will BTC Make or Break It?

Bitcoin Price Analysis

After completing the inverse head and shoulders formation Bitcoin price failed to pop. Does this mean the cryptocurrency has further to fall? Market Overview As the sky-high bitcon predictions of $25,000, $50,000 and $60,000 continue, there seems to be a divergence between the opinions of billionaires, institutional financial analysts and bitcoin’s actual price. Last week, the explanation for the forever delayed Wall Street crypto bull run was cryptocurrencies being in a ‘healthy’ bottoming process. While

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Spooky Economy

Spooky Economy

Happy Friday the 13th!! If you live and work in the United States and didn’t get a raise of 2.9% this year, you’re actually making less than you did last year. The CPI data released yesterday showed a rather nasty increase bringing the rate of inflation to just under 3%. Unfortunately for American workers, the average hourly earnings that were published a week ago showed a growth of only 2.7%. That means that all the increases American’s

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New Power Rates for Cryptocurrency Miners in Upstate New York

New Power Rates for Cryptocurrency Miners in Upstate New York

The New York Public Service Commission (PSC) has approved new electricity rates for cryptocurrency miners in Upstate New York. Details of the New Rates In a press release issued by the New York PSC, high-density power consumers like cryptocurrency miners under the Massena Electric Department will pay new utility rates. The new rules approved by the New York PSC aims to protect existing electricity customers while at the same time encouraging miners from setting up

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MLB Crypto Baseball Is Bringing Blockchain to America’s Pastime

A blockchain gaming company is set to release “MLB Crypto Baseball” after agreeing to a licensing deal with Major League Baseball. It is anticipated to be similar to the popular Ethereum-based CryptoKitties blockchain game. Major League Baseball, like many sports leagues across the world, is devoting a lot of resources towards staying technologically innovative. In an effort to curtail declining attendance at games, baseball officials have been rolling out technology like stadium WiFi and in-seat

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AmWager Becomes the First to Accept Bitcoin Deposits for Bets on Horses

AmWager.com, Live Horse Racing, Betting, Sports betting

In the latest example of the growing acceptance of cryptocurrencies in gambling, you can now use Bitcoin to bet on horses. AmWager.com, a website for watching and betting on live horse racing, has started accepting deposits in Bitcoin and Bitcoin Cash. A First for AmWager.Com and American Live Horse Race Betting According to an announcement made by the company, this development makes AmWager the first advance deposit wagering (ADW) company in the United States to receive

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‘Be Vigilant’ – One Person Behind Lightning Network 220% Capacity Spike

Lightning Network

Concern is mounting over Bitcoin’s Lightning Network after an advisor to pro-Bitcoin Cash website Bitcoin.com almost doubled its capacity this week. Bitcoin.com Advisor Doubles Lightning Capacity Andreas Brekken, owner of Shitcoin.com and an associate of Bitcoin.com owner Roger Ver, who has publicly criticized Lightning, currently controls a Lightning Network node with a capacity of 35.4 BTC ($221,000). Prior to Brekken’s node going live, the entire Lightning Network had a capacity of only around $225,000, with

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Bitcoin ‘Bat Signal’ Appears on Slovakia’s Central Bank

Banks in Slovakia, including the country’s central bank, briefly hosted a giant Bitcoin logo on their exteriors July 11 as part of an unannounced protest by a local action group. Slovak Banks ‘Remain In Darkness’ Photo and video evidence from around the capital Bratislava showed various institutions with a black-and-white ‘bat’ logo depicting Bitcoin and Monero. The move came courtesy of the Slovak faction of Czech cryptocurrency group Paralelni Polis, a long-standing initiative with a

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Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth

Square Cash, a cryptocurrency-enabled trading app, is growing three times faster than PayPal’s fiat-based Venmo, trading giant Nomura has revealed. ‘More Than Just A Bitcoin Play’ The company’s Square Cash app, which added cryptocurrency functionality in January, has defied Bitcoin price trends ever since, growing its user base despite overall Bitcoin market activity decreasing. “Square is more than just a bitcoin play,” Dan Dolev, executive director and analyst at Nomura-owned Instinet, told CNBC July 11.

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Bitcoin Buyers May Now Use VISA & MasterCard Credit/Debit Cards Worldwide via Abra

Fearing Bitcoin, VISA and Mastercard Reclassify Crypto Purchases as 'Cash Advances'

Abra, a financial services and technology company operating an all-in-one cryptocurrency wallet and exchange app, has announced the ability to now buy bitcoin with VISA or MasterCard credit cards or debit cards from anywhere in the world. Purchases may be made on abra.com or via the Abra app.  Buy Bitcoin on Credit Abra users may now buy bitcoin with VISA and MasterCard debit and credit cards. You can now fund your wallet using VISA or Mastercard globally!

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Billionaire Steven Cohen Invests in Bitcoin (But Not Ripple)

Billionaire investor Steven Cohen is entering the emerging market by investing into a cryptocurrency hedge fund that favors Bitcoin and Ethereum over Ripple.  Billionaire Steven Cohen Gets into Bitcoin Cohen Private Ventures — the hedge fund of Steven A. Cohen, whose estimated net worth currently stands at $14 billion USD — has invested in Autonomous Partners, led by early Bitcoin investor Arianna Simpson. “I’ve only brought on partners that I think can be very much value-add [sic]

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World Cup: $1.5 Billion Cryptocurrency Gambling Ring Busted in China

World Cup

Cryptocurrencies and blockchain have gone mainstream – and are now used for bets in the World Cup. But while some international stars are launching their own virtual currencies, other people are using them for more nefarious purposes. World Cup Bookmakers Raking It In As the World Cup comes to a close, many people have been happy with the last month of international football. Fans across the world have been treated to a competitive competition filled

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