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Author: Bitcoinist

Reddit Bitcoin Wizard Set To Get Own Wall Street Journal Ad

The Bitcoin Wizard on the Wall Street Journal is a crowdsourced attempt to place a Bitcoin advert in the newspaper, calling itself an ITO or Initial Troll Offering. The Bitcoin wizard, a crude MSPaint advertisement used to promote the Reddit subforum /r/Bitcoin is seeing a crowdsourced attempt to place it in the Wall Street Journal. The move is planned to be the first of many promotional attempts to troll high profile institutions. The ITO Whitepaper

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Bitcoin Hits $13.5k In Zimbabwe As New Markets Post Record Trading

Bitcoin trading spikes in Zimbabwe are just the start of a multi-pronged surge seeing Saudi Arabia and other new areas jump on board. Saudis Fleeing The Wealth Crackdown? That’s according to statistics from Coin Dance, which tracks weekly trade volumes from p2p exchange platform Localbitcoins. As Zimbabwe experiences extreme volatility in the price of Bitcoin, which topped $13,500 this week amid military intervention, uncertainty is also pushing activity up across the world. The price of

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Bonpay Achieves $6 Million Soft Cap Within Days of Token Sale

Multi-currency debit card provider Bonpay is off to a great start in its mission to expand the possibilities of cryptocurrency by making them simple, safe, and seamless to use, having reached its soft cap target of raising 15,000 ETH in its ongoing public token sale. [Note: This is a press release.] Launched on October 31, 2017, Bonpay has already raised close to 20,000 ETH — currently valued at more than $6 million. Scheduled to run

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LGBiT Token to Introduce SUGAR Blockchain-Based LGBT Social Network

Pre-sale started on 15 of November 2017 and will continue through 15 of December 2017. [Note: This is a press release.] The way things are done in the social cycle is about to change with the launching of SUGAR’s LGBiT token, which would revolutionize the social networks and ensure that people are bonded by the same ideology and are also able to communicate more securely. So many tokens have been launched in the past and

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Roger Ver and Mate Tokay Join NAGA Advisory Board

The NAGA Group AG, whose token sale begins on November 20th, announces the addition of Bitcoin.com CEO Roger Ver and COO Mate Tokay to their advisory board. The German fintech The NAGA Group Ag is already a financial powerhouse, specializing in disruptive trading technologies and making financial markets more accessible to the masses. They boast a market cap of over 200 million Euros, and their trading platforms process over $4 billion in trading volume every

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Cryptocurrency Payment Platform UQUID Raises Over $17.8 Million in Successful ICO

Finishing up an extremely successful ICO run last week, UQUID, the all-in-one solution for earning, saving, and spending 90 different cryptocurrencies, raised over $17.8 million. Cryptocurrency-based payment platform UQUID concluded its ICO last week, raising $17.8 million and leaving investors clamoring for more. For those unfamiliar with the platform, UQUID bridges the gap between cryptocurrency and fiat. It allows users to earn, save, and spend Bitcoin, Ethereum, and 88 other cryptocurrencies. Through the UQUID virtual

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This Blockchain-Powered Platform Aims to Disrupt the Gambling Industry

VIABET is poised to completely transform the online gambling industry as the blockchain-based, cloud betting platform allows players to operate their own casinos and reap the rewards. Investors can enjoy a massive 40% discount during the VIABET token pre-sale that is currently underway. [Note: This is a sponsored article.] Gambling has long been a profitable enterprise as can be seen by the success of cities like Las Vegas and Atlantic City. Even governments participate in

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IRS Not Happy with ‘Reporting Gap’ from Coinbase Users

The IRS is vigorously pursuing its case against Coinbase as it announces a “reporting gap” where only 0.2% of Coinbase users reported a loss or gain on their cryptocurrency transactions. It’s extremely difficult to get away from the Tax Man. One of the main draws of cryptocurrency for many individuals was the promised anonymity, but for those living in the United States, the IRS is proving to be a tenacious entity. Case in point is

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Jincor – Simple, Safe and Legal Smart Contracts for Businesses

Smart Contracts are becoming an important part of modern corporations and institutions. But often times most small and medium businesses prefer to stay aside from Smart Contracts, due to associated legal risks (smart contracts often are not recognized by courts because they aren’t always legally binding) and lack of technical expertise. Jincor aims to solve these problems by offering a platform for businesses that want to create legally binding Smart Contracts in a cost-efficient manner. [Note:

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Pundi X Integrates NEM Blockchain

SINGAPORE — November 14, 2017 — Pundi X, a cryptocurrency point-of-sale (“POS”) solutions provider for retail stores seeking to accept digital currencies in South East Asia, today announced their successful integration into the NEM blockchain. [Note: This is a press release.] Every Pundi X POS device can be connected to both the Ethereum and NEM blockchains, enabling consumers to easily buy or sell cryptocurrencies (BTS, ETH, XEM, LTC, PXS tokens) using fiat money (Dollars, Rupiah,

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China Bans Bitcoin Mining? Rumors Fly as Notices Appear In Press

Chinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Bitcoin Mining Now ‘Illegal’? Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. If true, the

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Confidential Transactions Will Hit Litecoin After Bitcoin – Charlie Lee

Charlie Lee has celebrated new technical advances that could see Bitcoin and Litecoin transactions become much more private. Lee: Fungibility ‘Only Good Money Feature Bitcoin Lacks’ Summarizing a circular to the Core mailing list by Bitcoin developer Greg Maxwell, Litecoin creator Lee said he “looked forward to adding” any improvements to Litecoin in future. The issue centers around so-called confidential transactions (CT), which would allow the amounts involved in transactions to be visible “only to

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