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Author: Bitcoinist

Bitcoin Gold Releases Statement on MyBTGWallet Scam

The developers of Bitcoin Gold (BTG) have released an official statement on the MyBTGWallet scam that resulted in millions of dollars worth of cryptocurrency being stolen. While the realm of cryptocurrency is exciting, it can still be a wild and dangerous place where scammers seek any opportunity to rip people off. A major firestorm currently raging is the MyBTGWallet scam that resulted in millions of dollars in digital currency being stolen from people’s wallets. Although

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Thomas Lee Bullish on Bitcoin Reaching $11,500

Thomas Lee, who heads research at Fundstrat, is doubling his previous price target for Bitcoin, believing that the cryptocurrency will reach $11,500 in mid-2018. It’s been a wild ride for Bitcoin in 2017. When the year started, the cryptocurrency was worth $800, but the value of Bitcoin has exploded since then as it currently sells for $8221. Many individuals are quite bullish on Bitcoin and expect that it will continue to rise in value. Hedge

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Russia: Abramovich Among Billionaires Set to Invest in Cryptocurrency

Three of Russia’s richest businessmen including Roman Abramovich are investing majorly in cryptocurrencies via a European fund. Famous Faces Pile Into Crypto Roman Abramovich, Aleksandr Abramov and Aleksandr Frolov are all pumping funds into the emerging financial phenomenon through Blackmoon Crypto. The new project aims to “create and maintain the world’s best framework for tokenized funds” and is a daughter of Blackmoon Financial, which raised $30 million in an ICO in partnership with Berlin-based VC

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Blockchain-Based Video Sharing Platform Flixxo Announces Partnership with Distributed Computing Network iEx.ec

Furthering their goal to provide a completely decentralized platform for uploading and sharing videos, Flixxo has announced that they have entered into a strategic partnership with iEx.ec, a decentralized network and marketplace for cloud computing. Flixxo and iEx.ec – Taking Live Video Streaming and Content Distribution to the Next Level The video content distribution market has already been divided among major players like YouTube, Netflix, and Amazon. Understandably, the centralization of such an enormous market

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Survivalists Are Storing Bitcoin Instead of Gold

Bitcoin continues to fascinate different segments of society. Bitcoin’s resiliency and unique inherent features are now increasingly appealing to those concerned with surviving a nuclear meltdown, an asteroid impact, an economic apocalypse, or any other dire disaster. Concurrently, the survivalists or preppers’ market is expanding exponentially. Bitcoin Better than Gold in a Nuclear Meltdown Bitcoin is more attractive than gold. Steve Wozniak, Apple’s co-founder, explicitly declared it: “Bitcoin is better than gold.” Survivalists share Wozniak’s

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Isn’t it Ironic? JPMorgan May Offer Clients Access to Bitcoin Futures After All

After the CEO of JP Morgan Chase harshly criticized the famous cryptocurrency, reports have emerged that the finance corporation is planning to allow its clients to trade Bitcoin futures.  Bitcoin Not a Fraud After All, Eh Jamie? A few weeks ago, the CEO of financial services giant JPMorgan, Jamie Dimon, criticized the popular cryptocurrency Bitcoin by calling it a ‘fraud’ and ‘tulip bulbs’. Dimon also claimed that Bitcoin attracts criminals like drug dealers and money

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Nyet! Russian Minister Says Bitcoin May Never Be Legalized

Russian minister Nikolai Nikiforov says that it’s likely that Russia will never legalize Bitcoin due to it being a “foreign product.” However, Russia is still gung-ho on blockchain technology. Cryptocurrency and Russia have been an intriguing mix over the last few years. The acceptance of Bitcoin, mining, and cryptocurrencies in general has gone back and forth between acceptance and rejection. Now it looks like Bitcoin may be shot down for good in the Russian Federation

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Belarus Could Soon ‘Legalize’ Bitcoin With State-Sanctioned Exchanges

Belarus is “expecting” to introduce legal physical exchange points for cryptocurrency in a landmark update to its finance laws. Legal Crypto Exchange Outlets ‘Expected’ By Bank The Eastern European country is currently awaiting a sign-off on a new package of laws by president Aleksandr Lukashenko. Once this is in effect, Bitcoin and altcoins could stand to become a bonafide part of the Belarusian economic landscape. “We expect that in Belarus there will be a cryptocurrency

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Hackers Demand a Single Bitcoin in Ransomware Attack

Computer hackers target the Sacramento Regional Transit system and demand a whopping ransom of a single Bitcoin. There have been quite a few major stories concerning technology in 2017, such as the meteoric rise in the value of Bitcoin. Another huge feature of the past year has been the sheer number of ransomware attacks by hackers. Now the Sacramento Regional Transit system is the latest victim, but it appears that the hackers responsible don’t need

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Etherecash Launches ICO, Focuses on the Unbanked

Following a successful pre-ICO, Etherecash has announced a public ICO that launched November 15th and will end December 19th. Focusing on the 2.5 billion unbanked, Etherecash looks to excel in both spending and sending, as well as providing a peer-to-peer lending platform, to enable those with little or no credit history the ability to access funds. [Note: This is a press release.] The lending industry has seen a boon since the economic crisis of 2008,

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Alternative Blockchain Development: Xenon Becomes the Most Widely Held Token Ever

The Xenon project announces that their XNN token, which is derived from a blockchain that was forked from the EOS project, has become the most widely held ERC token in the world. [Note: This is a press release.] The EOS project was a significant development that was helping the progression of blockchain technology. It was also designed as a blockchain for the masses with a wide variety of public addresses available, but it encountered some

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BM Radar is Launching the Wallet for BMT Tokens

The Business Molodost company announced the release of the beta version of the vault for the BMCHAIN project. The functionality of the solution will be built on the basis of the mobile application BM Radar, an online messenger that is used by more than 25,000 entrepreneurs around the world. [Note: This is a press release.] The developers have already presented the preliminary interface of the first version of the “Wallet” section, which will be available

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