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Tag Archives: cryptocurrency

Bitcoin pyramid scheme fuels 24 hour boom and bust

Since its peak a couple of years ago, the price of Bitcoin has jumped around within a relatively confined range of values, often settling between two and three hundred dollars. However in the past 48 hours, it’s value has exploded, doubling almost overnight before starting to crash down again. This stupendous …

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Australian Senate report to declare Bitcoins real money

Buying and selling Bitcoins in Australia should be a little easier going forward, as the government has declared that digital currencies should now be considered as real money, making their taxation far simpler. It will mean more work for exchanges however, which will now need to monitor their services for …

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ZiftrCoin wants to be the first mainstream cryptocurrency

Since Bitcoin began pulling in headlines and investments from all over the world following its meteoric value rise back in 2013, many other digital currencies have launched hoping to become the next standard in decentralised online payment systems. The newest of the bunch is ZiftrCoin, which the developers claim has …

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Bitcoin begins to make a return after crashing

Bitcoin has always been a pretty volatile currency, or commodity – depending on how you look at it. While it remained practically valueless for years, it eventually ended up peaking at over $1,200 per coin in late 2013. Since then it’s crashed and risen several times, for the most part …

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US is selling off Silk Road bitcoins

Back in 2013, the online, tor accessible drug marketplace Silk Road was shut down and its alleged owner, Ross Ulbricht arrested by the FBI and a collection of other policing organisations. On top of that though, the authorities seized around tens of thousands of bitcoins worth many millions of dollars. Yesterday …

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UK government: hey guys, how do you use bitcoin?

The British government has apparently decided that instead of trying to crack down, or sabotage bitcoin’s future, it wants to embrace it and look to emulate some of its successes within the financial industry. To figure out just how to do that, it’s begun asking users of the cryptocurrency to …

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CEX now accepts bitcoin for buys and trade-ins

If you’ve been sitting on a stockpile of the digital currency bitcoin and spent much of the last couple of weeks pulling your hair out as the value plummeted, then at least you can take solace in fact that you now have a new avenue to spend it. CEX, the …

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Bitcoin starts to recover after new bottom reached

Bitcoin has had quite a star studded history of headlines and peaks, though over the past year has found some stability after hitting a new high of over $1,200 per coin back in December last year. Unfortunately for those that invested in large quantities however, its value has tumbled in …

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Reddit to give shares to the community

Reddit’s current CEO, Yishan Wong, has announced that he plans to distribute part ownership of the social networking site to the community, through a new share system backed by a brand new cryptocurrency. Operating a little like bitcoin, the crpyotcurrency will have value based on Reddit’s value, letting users trade it, …

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Biostar introduces mainboards with Bitcoin mining ASICs

Biostar, a second-tier maker of mainboards that specializes on various niche and unique solutions, this week introduced BTC-24GH, a special mainboard designed for Bitcoin mining and featuring 64 special-purpose ASICs [application-specific integrated circuits] which were specifically designed for mining of the virtual currency. In the world of crypto currencies, a …

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