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The latest in crypto-currency policy, tech & security, providing information you need as a Bitcoin or Ethereum early adopter

Sex & Coercion at the World's Largest Hedge Fund

Sex & Coercion at the World’s Largest Hedge Fund

By | Bitcoin Business | No Comments

A look into the world that Bitcoiners hope to undo. An employee at the world’s largest hedge fund, Bridgewater Associates, filed a complaint earlier this year that the hedge fund resembled a “cauldron of fear and intimidation.” The employee filed the complaint with the Connecticut Commission on Human Rights and Opportunities. In it, he describes an atmosphere of surveillance by video, recordings of all meetings, and security guards on patrol designed to ensure employee silence and conformity. Interviews with seven former employees who have worked for or with the $154 billion firm, as well as a National Labor Relations Board…

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Blockstream Won, Says Bitcoin Miner in Blocksize Debate

Blockstream Won, Says Bitcoin Miner in Blocksize Debate

By | Bitcoin Business | No Comments

Disclaimer: The views expressed in the article are solely that of the author and do not represent those of, nor should they be attributed to CCN. A mood of resignation prevails across the bitcoin space as a viciously years-long debate that has taken the reputation of so many and the time and focus of all, seemingly, comes to an end. Eric Mu of HaoBTC, one of the most influential, if not the decisive, mining entity in the blocksize debate, stated today that most miners did not care about the blocksize question and those who do can easily collude/conspire, are easily…

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Brexit: London’s Fintech Sector is Falling Down

Brexit: London’s Fintech Sector is Falling Down

By | Bitcoin Business | No Comments

The recent Brexit vote in favor of Britain leaving the European Union has so far had mixed consequences. While there are few sectors that tend to benefit from it, London’s financial sector is not one among them. London has been trying hard over the past few years to gain the distinction of being the fintech capital of Europe. This ambition has led to the creation of a favorable atmosphere for many fintech startups, including those dealing with cryptocurrency and blockchain technology. With the country is now poised to leave the European Union, it stands to lose various trade and open…

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Deep Web Busts, Theft and Recovery of Bitcoin

Deep Web Busts, Theft and Recovery of Bitcoin

By | Bitcoin Business | No Comments

Germany is leaning hard on drug trafficking over deep web. In a recent development, the German law enforcement authorities have seized over $400,000 in Bitcoin from four deep web drug dealers they arrested. Since last month, Germany has stepped up its investigations into “illegal” dealings on cyberspace. According to reports , the four arrests were made by officers from a joint investigation group involving the Central Office of Cybercrime and the Federal Customs Administration . The arrests were made after officials raided 6 different properties in Eastern Bavaria a couple of weeks ago. Among the things seized during the arrests…

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Opera Browser May Consider Integrating Bitcoin, Implements Built-in Adblock

Opera Browser May Consider Integrating Bitcoin, Implements Built-in Adblock

By | Bitcoin Business | No Comments

The team behind Opera, a web browser developed and released by Opera Software in 1995, may consider integrating Bitcoin after introducing a built-in Adblock feature in its newest release. Opera’s adblock-integrated browser received positive responses from online communities, particularly for its ability to load web pages 90% faster than other browsers. Because the adblock software is built into the system of Opera, it catches advertisements in the engine when a webpage is requested, enabling users to access the web more efficiently. How about Brave browser? Another browser to implement a similar concept of Opera is Brave, a web browser developed…

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Fintech Ecosystem Report: Blockchain, the Trump Card for Financial Evolution

Fintech Ecosystem Report: Blockchain, the Trump Card for Financial Evolution

By | Bitcoin Business | No Comments

Since Bitcoin became popular, it has been hailed as the revolutionary technology that is going to change the financial landscape of the world. While it is true, the role of Bitcoin may not be any bigger than the contributions of ATMs and PayPal. The evolution of Fintech has been a gradual process starting as early as 1970’s. A recent report published by Business Insider Intelligence states that it is an ongoing process and the impact can be much bigger than that of ATMs, PayPal and even Bitcoin on the financial system. ATMs changed the way people interacted with banks, leading…

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Bitcoin Price Finding Support?

Bitcoin Price Finding Support?

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Bitcoin price dropped back toward $660, overnight, but now seems to be engaged in a sideways base formation. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not a member? Join now. Bitcoin Price Analysis Time of analysis: 13h00 UTC Sunday Bitstamp 1-Day Candle Chart From the analysis pages of xbt.social, earlier today: Price action is looking encouraging and now we wait for technical confirmation of an advance. Despite a recent bearish 4hr MACD cross below its zero line we see price maintaining support above $550 (magenta annotation). Price remains above its 1day…

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PayPal Competes With Bitcoin For Marketshare Among Indian Freelancers

PayPal Competes With Bitcoin For Marketshare Among Indian Freelancers

By | Bitcoin Business | No Comments

For freelancers, the primary objective is to receive funds on time, and in a convenient manner. Bitcoin seems to address a lot of concerns in this regard, as it is a global payment option. But in India, there is still competition from PayPal, as they launched a new P2P service recently. Competition is good, as it will benefit the consumer in the end. Moreover, this goes to show the importance of peer-to-peer payments. Working as a freelancer opens up a lot of exciting opportunities. One can work for anyone else in the world, as long as they offer a convenient…

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Blockchain Projects Gear up for the Biggest Blockchain Competition of the Year

Blockchain Projects Gear up for the Biggest Blockchain Competition of the Year

By | Bitcoin Business | No Comments

The blockchain ecosystem is to be on display in about three weeks during the International Blockchain Week when the blockchain world is expected to descend on Shanghai for one of the biggest event of the year, held by Wanxiang Blockchain Labs, where leading blockchain developers, entrepreneurs, visionaries, CEOs and directors of global companies are to present. The week-long event features Devcon2 which, according to George Hallam, External Relations at the Ethereum Foundation, is nearly sold out with only a few more tickets left, to be immediately followed by Demo Day and the Global Blockchain Summit. James Gong, the founder of…

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Ethereum Web Wallets Thrive Due To Valuable Features And Multilingual Support

Ethereum Web Wallets Thrive Due To Valuable Features And Multilingual Support

By | Bitcoin Business | No Comments

Online wallets have always been an intriguing development for cryptocurrency users. Although not all of the services give users access to private keys, they add convenience. In the Ethereum world, there are very few online wallets available right now. But is there a need for more web wallets to lower the entry barrier? Cryptocurrency Web Wallets Become More Popular Compared to Bitcoin , many people think Ethereum is a lot easier to set up. When using traditional wallet software, however, the process is nearly identical. One main difference is how much less time it takes to download the Ethereum blockchain….

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Bitcoin Tracker Offers A New Way To Look At Cryptocurrency Transfers

Bitcoin Tracker Offers A New Way To Look At Cryptocurrency Transfers

By | Bitcoin Business | No Comments

Many people associate Bitcoin with anonymity these days. According to most people, it is next to impossible to track Bitcoin transfers. This is a very odd statement, considering how all Bitcoin Transactions are visible on the blockchain in real-time. A new service, called Bitcoin Tracker, wants to make it easier to “track” funds. Although this is just a block explorer, the name will attract some interest for sure. Following Bitcoin transfers around the world is a lot easier than most people give it credit for. With all transactions broadcasted on the blockchain in real-time, anyone can see where funds come…

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Stock Up on Bitcoin! US Economy Can Enter Another Recession Soon

Stock Up on Bitcoin! US Economy Can Enter Another Recession Soon

By | Bitcoin Business | No Comments

The US economy could be headed for another recession soon. Barely seven years after the last great recession, several economic indicators point to a renewed downturn possible in the near future. According to a report by CNBC, investment is down across the board, including specifically in farm machinery, while transportation sales have stalled. These indicators are usually a good predictor of a recession, and investors look to them when gauging future financial decisions. To make matters worse, Citigroup now predicts that, in the event that Donald Trump wins the presidential election in November, that could trigger a worldwide recession as…

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Blockchain Investments Equaled Half of All 2015 Fintech VC Funding

Blockchain Investments Equaled Half of All 2015 Fintech VC Funding

By | Bitcoin Business | No Comments

An interesting shift is taking place in the world of Fintech funding right now. Even though the total amount of VC funding in Fintech is slowing down, the money flowing to blockchain companies continues to grow. Newer areas of financial technology are always a great source of innovation. Together with Insurtech, blockchain is now one of the leading investment sectors. The Fintech Funding Shift Is Taking Place Venture capitalists always want to explore the new and hot trends in any industry. For financial technology and services, those areas are Insurtech and blockchain right now. Or that seems to be the…

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Small Indian Ayurvedic Firm Experiences Country’s First Ransomware Attack

Small Indian Ayurvedic Firm Experiences Country’s First Ransomware Attack

By | Bitcoin Business | No Comments

Employees of a small Indian Ayurvedic pharmaceutical company were in for a shock recently after their systems were hit by a ransomware attack. The attack which happened last month was reported by the mainstream media only recently. According to media reports, servers of an Amritsar, Punjab-based Shri Dhanvantari Herbals were targeted by cyber criminals, infecting them with ransomware. The attack was discovered after the firm’s employees found themselves unable to log into their computers the next morning. Instead of the login screen, they were welcomed by a message in some foreign language along with an email address. Being the first…

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Large Scale Dark Net Drug Operation Discovered in Finland

Large Scale Dark Net Drug Operation Discovered in Finland

By | Bitcoin Business | No Comments

Finland’s Customs department has announced that it has uncovered the largest drug trafficking organization in the country. A press release published on Friday, August 26, 2016, by the Finnish Customs, states that the department has detained three people on suspicion of importing large quantities of banned substances into the country. According to the release, these three detainees are suspected of importing more than 3 million euros’ worth of narcotics in different forms over a period of two years. They are said to be part of a dark net marketplace operating in Finland. The dark net marketplace along with its associated…

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What Venture Capitalists Need to Know before Investing in Bitcoin

What Venture Capitalists Need to Know before Investing in Bitcoin

By | Bitcoin Business | No Comments

Bitcoin and blockchain spaces have received much attention in recent years as investors recognize massive opportunities in the spaces – they themselves can enter into the cutting edge of financial technology. Financial technology, in general, has received attention as banks cut down on bank branches, looking to bring their services into the 21st century. Bitcoin has caught a lot of attention but there are key things any investor in the space should know. For one, if you’re looking to invest into the Bitcoin space, remain humble. Bitcoin doesn’t actually need your participation. Its deflationary coding will ensure that the idea…

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Bitcoin Price Weekly Analysis –BTC/USD Remains Under Pressure

Bitcoin Price Weekly Analysis –BTC/USD Remains Under Pressure

By | Bitcoin Business | No Comments

Key Points Bitcoin price moved lower this past week and remained under a lot of bearish pressure versus the US Dollar. There was a crucial support trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, which was broken during the downside move. The price traded as low as $560 and it looks like the bulls may continue to struggle. Bitcoin price weakened a lot during the past week against the USD. Going forward, it may continue to trade lower towards $550. Bitcoin Price Resistance Bitcoin price broke down this past week against the US Dollar, and…

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Bitcoin Becomes More Appealing To Mainstream Investors

Bitcoin Becomes More Appealing To Mainstream Investors

By | Bitcoin Business | No Comments

As it turns out, some people strongly feel Bitcoin is an asset well worth investing in. That is, once takes all of the different opportunities and risks into account. Both consumers and big investors can find a certain appeal in Bitcoin; that much is certain. Investing in Bitcoin Is A Good Idea But With Risks When investing in Bitcoin , it is important to see the bigger picture. Despite its limited coin supply, the average Bitcoin holder will not own over 100 coins. That is, unless they were an early adaptor, or bought a nice supply of coins many years…

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Steem Blogger Raises Thousands of Dollars To Fund Real World Billboard Campaign

Steem Blogger Raises Thousands of Dollars To Fund Real World Billboard Campaign

By | Bitcoin Business | No Comments

The successful history of Bitcoin can be attributed to its community that through countless efforts have pushed the adoption of the cryptocurrency to its current state, from a forum “nerd currency” to a globally accepted and used payment system. Since cryptocurrencies belong to no one and to everyone at the same time, it is only normal that the community should take it upon themselves to push the cryptocurrency to new levels, which will benefit said user if he or she is a holder. One particular member of the Steemit community is taking this concept to new levels and has decided…

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ACI’s Roger Oliphant: “Open Blockchain Standards Are Too Slow”

ACI’s Roger Oliphant: “Open Blockchain Standards Are Too Slow”

By | Bitcoin Business | No Comments

Ever since corporations garnered an interest in the blockchain, the topic of scalability has been kicked around a fair few times. A new report by Gartner indicates the technology has hit the “peak of inflated expectations”>. With more money flowing into blockchain every year, the question becomes how well this technology scales. But can it handle mainstream transaction volume? There has never been a bigger interest in blockchain than over the past 18 months. Although some people still associate this technology with a lot of hype, there are plenty of use cases. Some of these accusations are justified, as the…

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Upcoming Steemit Features Will Give The Platform More Mainstream Appeal

Upcoming Steemit Features Will Give The Platform More Mainstream Appeal

By | Bitcoin Business | No Comments

Steemit has quickly become one of the most popular social platforms in the world today. The team behind this project continues to expand the feature set. New popular social media features will be added to boost the mainstream appeal of this platform. Core features, such as being paid to post and vote on other posts, will remain unchanged. Steemit Has Some Big Plans To Increase Its Appeal Getting paid to be part of a social network is a revolutionary concept, which has attracted a lot of positive attention for Steemit . At the same time, there is a demand for…

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Satoshi Citadel Industries Acquires Bitcoin Based Investment App, Keza

Satoshi Citadel Industries Acquires Bitcoin Based Investment App, Keza

By | Bitcoin Business | No Comments

Satoshi Citadel Industries, the Philippines-based Bitcoin company has added yet another feather to its cap. The company has recently announced the acquisition of Keza , a Silicon Valley-based Bitcoin investment company that allowed Bitcoin users to invest in the US and international markets. The acquisition of Keza comes at the time when the company was going through hardships. In the month of April, in spite of having a unique business model with lots of potential, Keza decided to call it quits. The company had announced that it is shutting down its operations and thanked all the users testing its beta…

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Baidu’s Move to Ban Bitcoin Related Ads from Its Network Raises Speculations

Baidu’s Move to Ban Bitcoin Related Ads from Its Network Raises Speculations

By | Bitcoin Business | No Comments

Baidu, the Chinese search engine giant has enforced a blanket ban on all digital currency-related advertisements. This sudden move on Baidu’s part has left many cryptocurrency businesses surprised. Baidu was among one of the first movers when it comes to Bitcoin payments. The company used to accept Bitcoin payments from its music service customers until the Chinese government issued an advisory warning against the use of Bitcoin to all financial institutions in the country. Almost three years since the withdrawal of Bitcoin payments, Baidu has now decided to distance itself from Bitcoin and other digital currency-related advertisements. READ MORE: Baidu…

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Financial Experts Disappointed As Fed Fails To Raise Interest Rates

Financial Experts Disappointed As Fed Fails To Raise Interest Rates

By | Bitcoin Business | No Comments

Over the past few weeks, there has been an increased focus on whether or not the Federal Reserve will raise interest rates Although financial experts are on the fence on the future of the rates, the Fed’s Janet Yellen has announced there will be no increase for now. However, things may change later this year, assuming the US economy doe snot face a major hit. The long wait is finally over, and as many people expected, there is no interest rate hike by the Federal Reserve . This is not entirely surprising, considering the economy is not looking all that…

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Digital Currencies Are Bringing to Reality Hayek's Free Market Money

Digital Currencies Are Bringing to Reality Hayek’s Free Market Money

By | Bitcoin Business | No Comments

“When one studies the history of money one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them. This can be explained only by the myth (that the government prerogative was necessary) becoming so firmly established that it did not occur even to the professional students of these matters (for a long time including the present writer!) ever to question it. But once the validity of the established doctrine is doubted its foundation is rapidly seen to be fragile.” –…

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Bitcoin Reddit Moderators Take Down Fake TREZOR Advertisements

Bitcoin Reddit Moderators Take Down Fake TREZOR Advertisements

By | Bitcoin Business | No Comments

Scammers are trying to trick bitcoin users in multiple ways. Not too long ago, various malicious advertisements were popping up all over different search engines. But it looks like scammers are using a new tactic, by promoting ads on Reddit. Thankfully, the ad got removed, as they tried to impersonate the TREZOR online shop. Fake Bitcoin Ads Are Everywhere For novice users who have never had a hands-on experience with Bitcoin , the landscape is looking somewhat scary right now. With all these malicious advertisements, scam websites, and unknown entities, it becomes much harder to find a legitimate platform. Things…

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Cybersecurity Ventures: “Annual Cybercrime Costs Will Total US$6tn By 2021”

Cybersecurity Ventures: “Annual Cybercrime Costs Will Total US$6tn By 2021”

By | Bitcoin Business | No Comments

Themerkle_Cybercrime Costs For those who were left wondering if the cybercrime trend will continue the short answer is yes. The longer answer, however, is yes, but it will even get worse. Global costs associated with cybercrime are expected to hit US$6tn per year by 2021. Yes, that is trillion with a “t” in the front. Quite a lucrative business for criminals, that much is certain. This Is Only The Beginning Of Cybercrime Worries Now that various corporations around the world have started stockpiling Bitcoin to meet ransomware demands, one would expect things could get back to normal. Nothing could be…

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Coince Increases Withdrawal Time And Stops Paying Out Users

Coince Increases Withdrawal Time And Stops Paying Out Users

By | Bitcoin Business | No Comments

Although we have warned people about various Bitcoin scams in the past, people are still surprised when these companies stop paying their users. Coince used to have a lot of appeal, as they advertised on some of the biggest crypto news sites. But as was to be expected, their pyramid scheme could not go on forever. Curtain Call For Coince Users Any Ponzi scheme in the Bitcoin world will run out of money sooner rather than later. In the case of Coince , this has happened a bit sooner than users expected, although user payouts have come to a halt…

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Best Places to Bet Bitcoins on Trump and Hillary

Best Places to Bet Bitcoins on Trump and Hillary

By | Bitcoin Business | No Comments

It’s election season and now it’s time to get active: betting on the 2016 Presidential election in bitcoins is a thing! It’s going to be a wild one, so buckle up. There are still numerous events forthcoming before the election on November 7. Things could change. In the meantime, we laid out the best places on the web to profit off the US election by placing bets in bitcoins. We should note: don’t gamble away more than you afford to lose. Read on to see the insights given by the current odds for the 2016 presidential election. Fairlay – This…

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Keeping Funds a In A Bank Account Versus Buying Bitcoin

Keeping Funds a In A Bank Account Versus Buying Bitcoin

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Ever since Bitcoin gained some mainstream traction, there have been people who openly oppose the idea. Some people will even go as far as claiming how keeping money in the bank is a much safer option. This is not entirely surprising, considering some people do not grasp the concept of financial freedom. With negative interest rates looming over consumer’s bank accounts, is it such a safe option as some people believe? A Colourful History for Bitcoin So Far It has to be said; Bitcoin has been attracting all kinds of unwanted attention as well. Malware and ransomware are giving cryptocurrency…

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France and Germany Want EU to Ban End-to-End Encryption

France and Germany Want EU to Ban End-to-End Encryption

By | Bitcoin Business | No Comments

France and Germany are pushing for the EU to restrict the use of encryption. In a joint proposal released earlier this week, the interior ministers of the two countries attacked messaging services that offer end-to-end encryption, such as WhatsApp, Telegram, and Signal, for posing difficulties during law enforcement investigations. The proposal calls on the establishment of backdoors in encrypted services to “strengthen controls on borders outside of the EU,” “better share crucial information between member states,” and to “fully equip democracies on the question of encryption. The push for greater control over encrypted technology comes after a recent spate of…

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Public blockchains gaining acceptance at Bank of Japan’s Payment and Settlement Forum

Public blockchains gaining acceptance at Bank of Japan’s Payment and Settlement Forum

By | Bitcoin Business | No Comments

A summary of the Bank of Japan Forum on Payment and Settlement systems, released on Friday, revealed that public blockchains were discussed in a positive light. Banks and financial institutions typically focus on projects using private blockchains, where a greater amount of privacy and control can be held by the issuer. Their public counterparts, such as Bitcoin’s blockchain, are usually sidelined. The Bank of Japan (BoJ) Forum was held on March 17 and 18, with 49 companies and organizations participating on the first day and 45 on the second. Kenji Hoki, a Senior manager at one of Japan’s leading audit…

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Bitmain to Release New Bitcoin Miner in Bid to Attract Hobbyists

Bitmain to Release New Bitcoin Miner in Bid to Attract Hobbyists

By | Bitcoin Business | No Comments

One ambitious bitcoin company is seeking to make mining a hobbyist activity again. China-based Bitmain let slip today it will soon release its latest bitcoin mining rig, the R4, which it believes will be powerful enough to "bring mining back home". Representatives for Bitmain said in an email to CoinDesk that the R4 is "the second most powerful bitcoin miner in the world", and that it will seek to reach enthusiasts with its production. By building the miner with 16nm chips, Bitmain said it is able to reduce the cost of electricity for the miner, a leading factor for profitability….

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Darknet Customers Are Demanding Bitcoin Alternative Monero

Darknet Customers Are Demanding Bitcoin Alternative Monero

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The dark web has started to embrace Monero , a privacy-conscious alternative to Bitcoin. First, the operators of SIGAINT , a commonly used dark web email provider, decided to host a full node for Monero light wallets. Then, an eight-month-old darknet market called Oasis decided to allow vendors to accept Monero. Finally, Alphabay, the largest darknet market in operation right now, announced the first phase of Monero implementation on their platform. Why Monero? Staff members at Alphabay and Oasis say that customers and vendors have simply demanded the Monero option. “It’s a lot more secure than Bitcoin, especially when it…

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Antminer's New R4 Model Designed to Be Used in Homes, Decrease Centralization

Antminer’s New R4 Model Designed to Be Used in Homes, Decrease Centralization

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Once upon a time, at the beginning of Bitcoin’s history, it was possible to mine bitcoin at home using a PC’s CPU. Later, miners had to switch to GPUs, then to ASICs and then to more and more sophisticated bitcoin mining equipment. Today, most mining is done in specialized mining farms, operated by a few large players that invest substantial money in hardware facilities located in places with low temperatures and low electricity costs. It would seem that the era of private mining is over and the trend toward professional mining is here to stay. Early next week, however, Bitmain…

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Steemit Set to Add New Social Media Features to Increase Mainstream Adoption

Steemit Set to Add New Social Media Features to Increase Mainstream Adoption

By | Bitcoin Business | No Comments

Steemit, the popular social media platform where users get paid to post and vote online, today announced plans to add heavily requested new features to its site, including private messaging, notifications, and follow buttons. Steemit is fast becoming a blogger’s favorite destination, with thousands of new users signing up every week and a current registered user base of over 70,000. The addition of private messaging, notifications and follow buttons will allow even more connectivity between community members, and also attract users of sites like Facebook, Twitter and Instagram who are well accustomed to the day-to-day functionality of such universal features….

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