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Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling

Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments. Coinbase: Neutrino ‘Will Help Prevent Theft’ Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” engineering

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By Bitcoinist.com / February 19, 2019

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Cambridge Associates: Cryptocurrencies ‘Worthwhile’ For Long Term Investors

Leading institutional investment consulting firm Cambridge Associates holds that institutional investors should consider exploring cryptocurrencies for the long term or ‘hodl’ in Bitcoin lingo. Cryptocurrencies May ‘Upend the Digital World’ Cambridge Associates is a Boston-based institutional investment consulting company with more than $300 billion in assets under advisement. It holds that it’s high time for institutions to consider cryptocurrencies, Bloomberg reports. The firm asserts that, despite the twists and turns, cryptocurrencies may ‘very well upend the digital

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By Bitcoinist.com / February 19, 2019

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Bitcoin Tips Now Available on Twitter via Lightning Network

A new Chrome and Firefox browser extension is has enabled Bitcoin (BTC) tipping on Twitter via the Lightning Network. Tippin.me uses Bitcoin’s second-layer scaling solution, the Lightning Network, to make tipping almost instantaneous and with incredibly low fees of fractions of a cent. The project was created by Sergio Abril and is still in development. However, Tippin.me’s state is already functional. Installation of the browser extension allows users to see a new tipping button Twitter

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By Bitcoinist.com / February 19, 2019

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Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms

Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims. BitPay Drops Bitcoin Bashing Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November. “95 percent of our payments are done in Bitcoin,” he said quoted on social media by commentator StopAndDecrypt. While the

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By Bitcoinist.com / February 19, 2019

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Norwegian ‘City’ Replacing Fiat and Cash for Its Own Cryptocurrency

Liberstad, a libertarian city in southern Norway, has reportedly dumped fiat currencies and cash. In their place, it has instituted its own cryptocurrency — City Coin. The not-so-cleverly-named cryptocurrency will replace all other forms of legal tender. A spokesman told Express.co.uk: City Coin is a secure and innovative cryptocurrency based on City Chain, a smart city platform that enables the design, implementation and use of next-generation services for smart cities and their inhabitants. As the

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By Bitcoinist.com / February 19, 2019

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Bitcoin Price Eyes $4000 As USD LocalBitcoins Trading Volume Quadruples

The US has experienced its largest jump in bitcoin volume over the past week on LocalBitcoins. Over $31.5M worth of BTC was traded on the platform as bitcoin price looks set to test the $4000 resistance level next. ATH USD Trading Volume on LocalBitcoins Data from Coin Dance shows that USD trading volume on the popular over-the-counter bitcoin trading platform LocalBitcoins has reached its all-time high. For the week ending on February 16th, LocalBitcoins saw traders exchange

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By Bitcoinist.com / February 18, 2019

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Will The Real Satoshi Nakamoto Please Stand Up – No, Sit Down Craig, We’ve Been Through This Already!

He just doesn’t give up, does he? Self-proclaimed creator of Bitcoin, Craig Wright, now appears willing to testify under oath that he is Satoshi Nakamoto. Or that’s the conclusion Ran NeuNer draws, following Wright’s response to a comment request from the Commodity Futures Trading Commission (CFTC). I Promise To Tell The Truth, The Whole Truth, And Nothing But The Truth In December 2018, the CFTC published a Request For Input (RFI) on ‘Crypto-Assets Mechanics and Markets.’

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By Bitcoinist.com / February 18, 2019

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Bitmain Unveils New 7nm ASIC Chip After Dismal 2018

Bitmain Technologies has announced a new iteration of its 7-nanometer Bitcoin mining chip. The cryptocurrency mining hardware behemoth says the new and improved 7-nm chip offers greater energy efficiency for mining operations. More Energy Efficient Bitcoin Mining The company announced the news in a blog post published on Monday (February 18, 2019), on its official blog. According to the statement, the new BM1397 chip offers faster and cheaper cryptocurrency mining. Taiwan Semiconductor Manufacturing Company (TSMC), Bitmain’s

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By Bitcoinist.com / February 18, 2019

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Top 5 Cities Embracing Bitcoin’s Lightning Network

Bitcoin’s Lightning Network implementation is going from strength to strength, but statistics about its growth make for interesting reading. 2019’s Big Bitcoin Trend Bitcoinist regularly reports on Lightning’s progress, with the ecosystem now breaking new records on a weekly basis. As a technology which is still very much in its earliest phases, however, what does Lightning actually look like today? Familiar Numbers The ‘size’ of the Lightning Network – the number of nodes relaying transactions,

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By Bitcoinist.com / February 18, 2019

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Bitcoin Price Analysis: BTC Bulls Charge Towards $4,000

Bitcoin price finally broke out of a ten day consolidation above $3,500 this morning, having held the 38.2% retracement level for the majority of last week. We take a look at what this means going into the week. Bitcoin Price: Weekly Chart The weekly Bitcoin price chart shows that bitcoin bulls defended previous resistance of $3536, turning it into support and never needed to rely upon the 200-week MA, which is rising quickly towards key

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By Bitcoinist.com / February 18, 2019

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Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge

Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16. Localbitcoins functions on a P2P basis with users creating and accepting private sales of Bitcoin for fiat currency and vice versa. According to the

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By Bitcoinist.com / February 18, 2019

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Ethereum Price Analysis: Bulls Make Their Move

On Sunday Ethereum price ramped up an amazing 12%+ upside move. Does this mean Feb 5th drop to $100 was the 2019 bottom for Ethereum? Ethereum Price: Market Overview On Sunday Ethereum (ETH) shifted into beast mode and steamrolled past the $125 and $130 resistance levels and onto new monthly highs. Analysts will probably spend the first few hours of the day trying to explain away what could have fueled such a spectacular move. Perhaps

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By Bitcoinist.com / February 18, 2019

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Paxful Investing in Young African Leaders by Building Schools With Bitcoin

Paxful CEO Ray Youssef plans on building 100 schools in Africa. Two schools have already been built in Rwanda, while a third is currently in development. Paxful is a peer-to-peer Bitcoin marketplace that directly connects those looking to buy with those looking to sell, with a special focus on the unbanked and underserved world. The platform’s school-building projects are part of its #BuiltWithBitcoin initiative. Youssef hopes that Paxful’s school building initiatives will serve to educate the

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By Bitcoinist.com / February 18, 2019

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Spain’s Central Bank: Bitcoin Inefficient As Large-Scale Payment System

Spain’s Central Bank, Banco de España (BDE), has published a report stating that Bitcoin is inefficient as a payment system. It may, however, have slightly missed the boat, as it does ignore second layer protocols such as Lightning Network. Good Title, Shame About The Rest The author of the report, BDE’s Deputy General Director of Financial Innovation and Market Infrastructures, Carlos Conesa, started well. He clearly deliberated for some time over the title, finally settling on

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By Bitcoinist.com / February 17, 2019

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Brock Pierce: My Mt. Gox Redemption Plan ‘Shows Power Of Bitcoin’

Venture capitalist and ex-Bitcoin Foundation director Brock Pierce thinks his plan to take over the Mt. Gox rehabilitation process “demonstrates the power of open source.” Avoiding Crypto ‘Lehman Brothers’ Speaking on the latest edition of the Keiser Report February 16, Pierce, who has gained mixed reactions to his ‘Gox Rising’ scheme, said community action was key to ensuring the defunct exchange did not become a cryptocurrency “Lehman Brothers.” “Do we want it to end like

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By Bitcoinist.com / February 17, 2019

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Live From NEO DevCon: Top 5 New Features of NEO 3.0

In a packed conference room on a chilly day in Seattle, where NEO will be opening up their next NGD location, a community of blockchain enthusiasts, international media, and developers gathered together to hear about NEO’s upcoming plans–specifically, what’s going on with NEO 3.0–and when. The Goal of NEO 3.0 NEO co-founder, Erik Zhang, couldn’t attend the conference in person but delivered the details via video presentation. Perhaps that was a deliberate bid to avoid

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By Bitcoinist.com / February 17, 2019

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XRP Ledger Version 1.2.0 Announced Following JPM Coin FUD Storm

On Feb 13, 2019, Ripple officially announced the release of XRP Ledger version 1.2.0. The newest version of the ‘decentralized’ peer-to-peer (P2P) cryptographic ledger for XRP storage will boast the automatic detection of censorship attempts in addition to the automatic issuance of warnings. Explains the official announcement: One of the major benefits of decentralized blockchain technologies, such as the XRP Ledger, is censorship resistance. Already highly resistant to censorship attempts, with the release of version 1.2.0

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By Bitcoinist.com / February 17, 2019

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TomoChain Founder Hits Back at Vitalik – Says Ethereum in for a Tough Year

Ethereum founder Vitalik Buterin is well-known for dismissing blockchain projects that claim high transaction speeds as “centralized” and unworthy. Long Vuong, founder of TomoChain (TOMO) has fired back with some criticism of his own. TomoChain Offers 1,000TPS Compared to Ethereum’s Double Digits The TomoChain network aims at being a public EVM-compatible blockchain with faster and cheaper transaction fees, among other features and promises. Except it isn’t all just hot air. Their network already boasts transaction

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By Bitcoinist.com / February 16, 2019

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Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a card transaction. Fees that the banks pay to Visa and Mastercard for processing payments will also increase, says the report.

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By Bitcoinist.com / February 16, 2019

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4 Bitcoin Trends Likely to Dominate 2019

Now is the time when people typically start assessing what the year ahead is likely to bring for various topics and industries. Bitcoin is no different. Investors and enthusiasts will likely notice several trends becoming prominent. Here are four of them. 1. Bitcoin-Compatible ATMs Become Widely Available Reports indicate 2019 will be the year that Bitcoin ATMs take off in cities across the United States. Chicago recently got 30 new machines, bringing the city’s total to

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By Bitcoinist.com / February 16, 2019

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Huobi’s V2.0 ‘Stablecoin for Stablecoins’ Aims to Close Arbitrage Loophole

Stablecoins are increasing their visibility within the crypto space as the universe of stablecoins expands and they become easier to trade. Now, digital exchange Huobi Global offers, as a trial, the HUSD Solution V2.0 to provide traders with support for interchangeability between various stablecoins. All Stablecoins Seek to Lower Volatility But They are Not 1:1 Interchangeable Stablecoins’ purpose is to minimize price volatility by being pegged to a fiat currency or an exchange-traded commodity, such

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By Bitcoinist.com / February 16, 2019

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Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive?

In case you didn’t realize it during the brutal bear market of 2018, the days of stupid money flowing stupidly into any and every cryptocurrency-related project are over. Now, it’s all about the maturity of the nascent market, and that means institutional investors ‘need’ to step in — a sentiment not lost on some startup companies. One such startup is Tagomi, a Jersey City-based company of under 20 people that offers a trading platform for

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By Bitcoinist.com / February 16, 2019

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Nvidia Mining Chip Sales Drop 30% in Q4 Amid ‘Post-Crypto Excess’

Nvidia managed to survive declining cryptocurrency mining chip demand to post total full-year revenue of $11.72 billion. The company forecasts an aggressive rebound for the 2020 fiscal year, but Wall Street analysts say such forecasts are overly optimistic given the lack of significant change in the market. Sale of Cryptocurrency Mining Chips Plummet The U.S. gaming hardware maker released its full-year earnings report for the 2019 fiscal year (which ended on January 27, 2019) on

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By Bitcoinist.com / February 16, 2019

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SEC Obtains Preliminary Injunction Against Blockvest For Fraudulent Securities Offer

The Securities and Exchange Commission (SEC) has announced a preliminary injunction granted against Blockvest LLC for unlicensed security offer. This overturns a previous court order, claiming that the SEC failed to prove that the token was a security. Another Day, Another Court Case In June last year, the SEC decreed pretty much every cryptocurrency other than Bitcoin and Ethereum to be a security. Since then, it has ramped up its ICO litigation, in what, at times,

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By Bitcoinist.com / February 16, 2019

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You Can Now Buy Bitcoin At The Post Office In Liechtenstein

The national post service of the small European country of Liechtenstein has confirmed it will now offer Bitcoin (BTC) sales as part of its product range. Liechtenstein Post: Bitcoin Exchange ‘No Different From Fiat’ In a press release, Liechtensteinische Post confirmed that as of February 15, anyone could exchange fiat currency for Bitcoin at its branch in the capital Vaduz. Part of a quest to expand the Post’s business scope, cryptocurrency sales follow on from

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By Bitcoinist.com / February 15, 2019

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Grayscale Q4 Report Finds Institutional Investors Returning to ‘Bitcoin Maximalism’

Digital Currency Asset Manager, Grayscale Investments, had a record year in 2018, with institutions and retirement accounts comprising the lion’s share. What’s more, they are increasingly opting for Bitcoin over other altcoin offerings as the cryptocurrency market flatlines. A Challenging, Yet Record Year According to Grayscale’s Q4 report, 2018 saw new investment at Grayscale hit a record high of $359.5 million; almost triple that of 2017’s bull-run. However, quarter on quarter, inflows reduced over 60 percent on

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By Bitcoinist.com / February 15, 2019

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Ripple CEO Says JPMorgan’s ‘Cryptocurrency’ Misses The Point

JPMorgan is already facing severe criticism from the cryptocurrency industry just a day after it announced it would launch its own token, ‘JPM Coin.’ Garlinghouse: JPM Coin ‘Misses The Point’ The plan, which would ostensibly make JPMorgan the first US bank to issue a token with a verifiable use case, surprised commentators when executives revealed it to the press this week. “The applications are frankly quite endless; anything where you have a distributed ledger which

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By Bitcoinist.com / February 15, 2019