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Cryptocurrency Chia Seeks to End Huge Electricity Demands of Bitcoin

November 8, 2017 Rick D. 0

As brilliant as a tool for financial empowerment as it is, Bitcoin isn’t terribly environmentally friendly. It’s been estimated by Alex de Vries at Digiconomist that with BTC priced as it currently is, it would be profitable for miners to consumer 24 terawatt-hours in power every year. Put another way, more electricity than the entire … Continue reading Cryptocurrency Chia Seeks to End Huge Electricity Demands of Bitcoin

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CME Group Plans to Regulate Futures’ Market Against Volatility

November 8, 2017 Rick D. 0

The CME Group has announced their intention to apply limits to their Bitcoin Futures’ trading range. According to their website, the platform is expected to launch in December, pending a review by regulators. The announcement made by the group on Tuesday seeks to safeguard against some of the volatility associated with the cryptocurrency space. The … Continue reading CME Group Plans to Regulate Futures’ Market Against Volatility

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Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So

November 3, 2017 Rick D. 0

People living in colder countries will know the dread of the heating bill’s arrival all-too-well. However, two enterprising men from Siberia have figured out a way to not only heat their home for free but to actually make money out of it. Using the heat generated from cryptocurrency miners, the pair have been testing out … Continue reading Could Crypto Mining Provide a Low Cost Heating Solution? These Two Inventors Think So

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Coinbase Records Over 100,000 New Users Since CME Futures Announcement

November 3, 2017 Rick D. 0

On Tuesday just past, the CME Group announced plans to launch a futures market for Bitcoin. Since then, the largest Bitcoin exchange in the US has reported an influx of users. It’s widely believed that the expectation of greater institutional money entering the market is driving the high number of registrations Coinbase has experienced. The company reported a … Continue reading Coinbase Records Over 100,000 New Users Since CME Futures Announcement

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Coinbase Records Over 100,000 New Users Since CME Futures Announcement

November 3, 2017 Rick D. 0

On Tuesday just past, the CME Group announced plans to launch a futures market for Bitcoin. Since then, the largest Bitcoin exchange in the US has reported an influx of users. It’s widely believed that the expectation of greater institutional money entering the market is driving the high number of registrations Coinbase has experienced. The company reported a … Continue reading Coinbase Records Over 100,000 New Users Since CME Futures Announcement

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Credit Suisse CEO Discredits Bitcoin

November 2, 2017 Rick D. 0

The CEO of Zürich-based stock holding company Credit Suisse has come out in opposition to Bitcoin. For Tidjane Thiam, the cryptocurrency space needs approaching with caution and current interest levels are only high because people think it as a way to get rich quick. The finance exec cites anti-money laundering concerns as a major reason … Continue reading Credit Suisse CEO Discredits Bitcoin

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Bitcoin Screams Towards $7,000

November 2, 2017 Rick D. 0

Making ruthlessly short work of the gap between $6,000 and $7,000, Bitcoin is poised to top yet another historic milestone. Having just celebrated its ninth birthday with a bang, the digital currency has shown no signs of a hangover on the day after. It’s been on an absolute rampage since and doesn’t seem to be … Continue reading Bitcoin Screams Towards $7,000

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Bitcoin Tops British Milestone

November 1, 2017 Rick D. 0

Bitcoin enthusiasts of Great Britain will have today been pleased to witness the most popular cryptocurrency speed past the exciting but largely trivial milestone of £5,000 – albeit briefly. Coinmarketcap, one of the industry’s favoured price referencing websites, recorded an all-time high for BTC of $6,645.40 earlier on Wednesday. According to currency conversion website XE.com, … Continue reading Bitcoin Tops British Milestone

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Bitcoin Used in SEC Market Manipulation Case

November 1, 2017 Rick D. 0

The Securities and Exchange Commission have charged day trader Joseph P. Willner with market manipulation and illegal use of brokerage accounts. It’s alleged that Willner managed to generate over $700,000 in profits from the scheme. He and an accomplice had access to more than 100 traders’ accounts and used them to manipulate the price of … Continue reading Bitcoin Used in SEC Market Manipulation Case

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