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Bitcoin Developer Peter Todd on SegWit2x Cancellation: “Millions of Dollars Wasted”

November 9, 2017 Joseph Young 0

Highly regarded Bitcoin Core developer and cryptocurrency consultant Peter Todd has criticized the cancellation of the SegWit2x hard fork and the “waste” of resources used throughout the development of the software. Cancellation of SegWit2x On November 8, the development and deployment of the SegWit2x hard fork were officially terminated, with the release of an official … Continue reading Bitcoin Developer Peter Todd on SegWit2x Cancellation: “Millions of Dollars Wasted”

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Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

November 8, 2017 Joseph Young 0

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue … Continue reading Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

November 5, 2017 Joseph Young 0

Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an … Continue reading Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

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Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

November 5, 2017 Joseph Young 0

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as … Continue reading Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

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Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

November 5, 2017 Joseph Young 0

Highly regarded bitcoin developer and BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin’s ranking amongst some of the world’s most widely used and accepted currencies like the US dollar and Japanese yen. I made a clone of … Continue reading Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

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Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017?

November 4, 2017 Joseph Young 0

Over the past week, the bitcoin price has surged from around $6,500 to $7,400, as the market continued to demonstrate optimism towards the launch of bitcoin futures exchanges by some of the largest markets in the US such as CME and CBOE. Several prominent financial analysts including Max Keiser have hinted this week that it … Continue reading Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017?

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China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

November 4, 2017 Joseph Young 0

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.” Xu stated: “Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.” Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement … Continue reading China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

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Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

November 2, 2017 Joseph Young 0

On November 1, various sources revealed Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc., acquired three cryptocurrency-related domains including “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com.” Coindesk: Amazon subsidiary registered three cryptocurrency domains. Is Amazon preparing to integrate #bitcoin and other cryptocurrencies? 🚀 pic.twitter.com/znT5aCPgic — Joseph Young (@iamjosephyoung) November 1, 2017 Amazon’s Interest in Bitcoin and Cryptocurrencies For … Continue reading Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

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World’s Largest Options Exchange to Launch Bitcoin Futures, Optimistic Long-Term Indicator

October 31, 2017 Joseph Young 0

CME Group, the US-based financial market company operating the world’s largest options and futures exchange, has officially announced its plans to launch bitcoin futures by the end of 2017. In a corporate statement, CME revealed that its bitcoin futures trading platform is currently being reviewed by US financial authorities and regulators. Upon the approval of … Continue reading World’s Largest Options Exchange to Launch Bitcoin Futures, Optimistic Long-Term Indicator

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Financial Researcher: Bitcoin Entered 2017 Below $1,000, Now it’s Over $6,000

October 30, 2017 Joseph Young 0

As Charlie bilello, the Director of Research at Pension Partners noted, the price of bitcoin entered 2017 below the $1,000 mark. 10 months in, the price of bitcoin is likely to close the year at over $7,000, recording at least a six-fold increase in value for investors. data-lang=”en”> Bitcoin milestone update: $6,200 and $6,300 for … Continue reading Financial Researcher: Bitcoin Entered 2017 Below $1,000, Now it’s Over $6,000

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