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Will Bitcoin be Able to Replace Traditional Currencies? | CryptScout.com

There was a time when cryptocurrencies were considered to be a bit of a joke. People didn’t think that they would actually become popular in the long run. Those who invested in Bitcoin before are probably very happy now they look back, but it takes guts to invest heavily.There are still other cryptocurrencies that have become popular over the past years and there are some studies stating that cryptocurrencies may actually replace the traditional currencies that are being used right now. Cryptocurrencies and Their Rapid Evolution It’s safe to say that cryptocurrencies have evolved alot much over the past years. They started to become popular and people already considered them as investments which is causing changes in how people view financial systems.There are still some issues that are being worked out with cryptocurrencies, especially as far as regulation goes. There are also still some countries wherein Bitcoin is not available. There are still a lot of people who are skeptical about how cryptocurrencies can take over normal money as some feel that they would never accept it because it’s not something that they are accustomed to. Meanwhile others are willing to give it a try because they feel that change …

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Bitmain IPO | Filed and Pending; So What’s Next for the Mining Company?

Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though. Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the crypto mining firm closed a $1 billion pre-IPO financing round. The financing round was funded by China International Capital Corporation. It remains unknown at this time how much the firm will be valued at down the road. As of June 30th, Bitcoin reported an $886.9 million balance of cryptocurrencies. The firm mined for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and DASH. The company factored in the net loss of just under $103 million in the last six months when the cryptocurrency market dropped $500 billion in value. The losses account for more than ten times the net losses of previous years for the company. Will an IPO …

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Ethereum News | Shasper Begins and Joe Lubin Funds DrumG

In today’s edition of Ethereum news, we’ll cover the details of Ethereum Startup Parity Technologies adding Casper code to their blockchain toolbox and why Ethereum’s co-founder, Joe Lubin, invested in a competitor. Ethereum News: Parity Technologies and Casper Parity Technologies, an Ethereum startup, has just added an early version of the highly anticipated Casper code to its platform, Substate. The code was released on GitHub yesterday, and the team behind the implementation at Parity is calling it their ‘Shasper’ upgrade. “Shasper is combination of Casper and sharding. Once it lands, we should see vast improvements in terms of ethereum’s transaction throughput,” Wei Tang, the dev leading the Parity integration, told CoinDesk. This is the biggest Ethereum news that has broken in quite a while and a positive one, at that. While this is only the first step, the proof-of-stake consensus switch on the Ethereum network is closer. Shasper combines Parity’s in-house scaling solution and sharding, along with Ethereum’s proof-of-stake consensus switch, Casper. ETH has yet to see a price spike since the news though. >> Bitcoin (BTC) Interest and Trading Rising in Venezuela Ethereum News: Joe Lubin Funds DrumG Ethereum co-founder Joe Lubin has invested $6.5 million cash in a startup formed …

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Bitcoin News Summary – September 24, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  A vulnerability in the Bitcoin software was revealed this week but quickly patched in a later version. Although the bug is difficult and costly to exploit, a malicious miner could use it to potentially cause a blockchain split. If you’re running Bitcoin Core, updating to the latest version is strongly recommended. Ripple’s price was stronger in the week on news that the xRapid protocol is nearing completion and the announcement of Ripple’s new remittance partnership with America’s PNC Bank. Bitcoin mining manufacturer Bitfury announced a new line of ASICs known as “Clarke.” Powered by 14 nanometer chips, Clarke will reach a hashrate up to 120 gigahash per second at a claimed energy efficiency of 55 joules per terahash. Bitmain announced its own next-generation ASIC chip, BM1391, for mining cryptocurrencies using the SHA256 algorithm. The  7 nanometer chip is optimized for maximum energy efficiency consuming as low as 42J/Tera hash. Japan’s Zaif exchange was hacked for nearly 6,000 bitcoins, currently worth nearly $40 million, plus large amounts of BCH and Monacoin. Total losses are estimated at $60 million. The hack occurred despite tight new exchange regulations in Japan, following a …

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U.S. Govt. Pays $5.7 Million for Blockchain Analysis, Amit Bhardwaj’s Assets Seized

Regulation In recent regulatory news, a report published by Diar has found that U.S. government agencies have paid approximately $5.7 million USD to blockchain analysis contractors, India’s Enforcement Directorate has seized $5.9 Million worth of assets linked to the case of Amit Bhardwaj, and the Bank of International Settlements finds cryptocurrencies to “not, at this point, pose a global financial stability risk.” Also Read: Mt Gox Bankruptcy Trustee Sells Approximately 25,000 BCH and BTC U.S. Government Agencies Have Spent $5.7 Million on Blockchain Analysis Contracts A report published by Diar has asserted that public records show U.S. government agencies have entered into $5.7 million worth of contracts with blockchain analysis companies. The report finds that the Internal Revenue Service (IRS) accounts for the largest percentage of spending on blockchain analysis – having spent $2,191,835 on 9 separate contracts, or 38% of the total. Surprisingly, the second highest spender is the U.S. Immigration and Customs Enforcement (ICE) – spending $1,537,945 on 9 contracts (27%). The Federal Bureau of Investigation (FBI) is the third largest spender – with $1,142,671 spent on 12 contracts (20%). The remaining 15% comprised sums between roughly $117,000 and $330,000 that were spent by the Fiscal Service, Drug Enforcement …

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Let’s Talk Bitcoin! #376 Stablecoins (and the Irresistible Urge to Peg)

Published on September 23rd, 2018 by adam Click to download audio version On Todays Episode of Let’s Talk Bitcoin… Join Stephanie Murphy, Andreas Antonopoulos and Adam B. Levine for an in-depth conversation on pegged, “Stablecoins”. We discuss the two approaches that have been tried so far and what’s different about this latest generation for better or worse. Support the Show! Tip LTB:1FZGD64BA7B9GdwDhGGGF92amt9X6VH38K or Via the Lightning Network at http://tipltb.tokenly.com/ This episode was sponsored by EasyDNS.com. It featured content from Stephanie Murphy, Andreas Antonopoulos and Adam B. Levine. Music for episode 376 was provided by Jared Rubens, with editing by Matthew Zipkin and Adam B. Levine. Email questions or comments to [email protected] Views: 2,904 Source

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First Block Capital Launches Canadian Bitcoin Mutual Fund

Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA). Bitcoin Mutual Fund Block’s FBC Bitcoin (BTC) trust allows qualified investors to gain exposure to BTC without having to buy, store or manage the cryptocurrency. These trust units are considered a qualified investment for a mutual fund trust under the Tax Act. “Since inception, First Block Capital has been committed to providing investors with regulated, titled and auditable exposure to investment vehicles based on blockchain and cryptocurrency,” said Sean Clark, Co-Founder, and CEO of First Block. “Our team is extremely proud to maintain our market leading position and will continue to execute our vision of creating a fleet of investible products dedicated to the space.” The trust is available on NEO Connect, under the ticket FBCBT and is only available to accredited investors. Advisors are able to trade the fund with the same ease and efficiency as trading regular ETFs. NEO Connect distributes 46 funds, managed by three asset managers, over …

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6 Solid Investment Tips For Beginners | CryptScout.com

1. Create A Solid Plan Before you placing money into investment funnels, make sure that you create a plan. Trying to move forward without doing this will do far more harm than good. The first thing you need to do would be to create a budget of your necessary expenses; 20 percent of this should be the amount you add to your savings. Next, eliminate all of your debts. Lastly, set aside a fund for emergencies. 2. Ignore Couch Potato Investment Advice Many investors thing that they need to seek out information from business commentators on television in order to do well. You cannot just place all of your trust into someone you saw on CNBC. Beginners need to seek out better avenues for investment advice. Thinking in a short-term manner will not lead you to long-term financial success. 3. Seek Out Assistance When Setting Up An Investment Account Many newbies find this part of the process a bit overwhelming. Julie Rains, a long-term investor, journalist and publisher of “Investing to Thrive” offers the following advice: If you are lost when it comes to opening an account, adding funds or even choosing the right type of fund for you, get …

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Petro Coin | Beginning Global Trade in Venezuela Come October

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said: “The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the world.” However, the Venezuelan president didn’t specify the areas where the Petro will be used. Maduro also didn’t name any countries willing to accept the Petro Coin. This oil-backed cryptocurrency was first introduced back in February of 2018. In the beginning, 82.4 million Petros were available for purchase with top cryptocurrencies and fiat currencies—excluding the Venezuelan Bolivars. The President even went as far as making it a requirement for some state-owned businesses to convert a percentage of their sales into Petros. >> President Trump vs. The Petro Petro Controversy Venezuela has been in a long recession and its currency, the Bolivar, has seen extreme and rising inflation. Many global leaders believe that Maduro is using the Petro Coin as a way for other countries to buy their debt. The Petro is a desperate attempt to pull his country from its economic …

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Bitcoin News Summary – September 10, 2018

Here’s what happened this week in Bitcoin in 99 seconds. News came out earlier this week that investment bank Goldman Sachs was cancelling its plans for a Bitcoin trading desk. However, Goldman Sachs refuted the report, calling it “fake news.” Some Bitcoiners have accused the journalists behind the piece of market manipulation. Russian police seized 22 BTMs, or Bitcoin ATMs, from locations all across the country. Although recent legislation placed crypto on a more solid footing in Russia, this latest move once again raises doubts over Bitcoin’s legality there. It’s unknown why the machines were seized. A new presidential decree legalizes cryptocurrency trading in Uzbekistan, introducing licensing for crypto exchanges and a set of requirements they will be obliged to meet. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws. Secretary of Iran’s Supreme Council of Cyberspace reported that the government has accepted cryptocurrency mining as a legitimate industry. All related government organizations as the ministry of communications and IT, central bank, ministry of industry, etc. have agreed to this claim, but the final policy for legislating it hasn’t been declared yet, An American, Louis Meza, who attempted …

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