Monthly Archives: September 2018

New Study Highlights the Many Positives of Bitcoin Mining

It’s become fashionable in public circles to bash Bitcoin on account of its energy consumption. Virtually every week, mainstream media (MSM) attacks bitcoin mining, painting alarmist pictures of a planet burning due to the ‘wasteful’ design of Proof of Work. The reality is less cut-and-dried. Bitcoin’s defenders have been hitting back lately, with one new study highlighting the many positives of PoW. Also read: Ludicrous Headlines About Bitcoin Mining Will Kill Us All The Case Against Proof of Work “It’s become popular today to dismiss Bitcoin’s Proof-of-Work as […]

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Hodler’s Digest, August 26–September 2: Both Eminem and Yahoo Finance Embrace Bitcoin in Wins for Crypto Adoption

North Korea may have unsuccessfully set up a BTC mining operation last year, and Yahoo Finance brings crypto trading more mainstream. Top Stories This Week Yahoo Finance Integrates Bitcoin, Ethereum, and Litecoin on iOS App Yahoo Finance has integrated BTC, ETH, and LTC on its iOS app this week, with a version briefly appearing and disappearing on its desktop version despite Yahoo noting that the desktop, mobile web, and Android version won’t be available for several weeks. A Yahoo Finance press release notes that users that wish […]

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Satis Predicts Market Cap of Cryptocurrencies Exceeds $1 Trillion in 2021

Initial coin offering (ICO) advisory firm, Satis Group, has published a report detailing a number of predictions for the cryptocurrency industry – estimating that the total market capitalization of all combined virtual currency markets will reach nearly $3.6 trillion USD by 2028. Also Read: August Markets Report: Heavy Selling Across Leading Crypto Markets  Satis Predicts $500 Billion Market Cap for Cryptoassets in 2019 In a report titled “Cryptoasset Market Coverage Initiation: Valuation,” Satis Group, a cryptocurrency advisory firm, has outlined a number of predictions for the coming future […]

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How Venezuela Came to Be One of the Biggest Markets for Crypto in the World

Venezuela’s adoption of Bitcoin is a tale of rampant hyperinflation and cryptocurrency evangelism. Venezuela has been living with hyperinflation since at least 2014. Its national currency — the Venezuelan bolívar — hit an official inflation rate of 57.3 percent in February 2014, while independent currency analysts were reporting that, by that September, the real inflation rate had already topped 100 percent. In other words, the bolívar (VEF) was depreciating rapidly in value, and ordinary Venezuelans needed something to fill the void it had left as a one-time […]

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Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees

The number of transactions on the Bitcoin Cash network surged up to 2.1 million on “BCH Stress Test Day,” as transaction fees remained low. The Bitcoin Cash (BCH) network experienced over 2.1 million transactions on September 1 as a result of the recently launched BCH stress test, according to data from BitInfoCharts. Bitcoin Cash transactions historical chart. Source: BitInfoCharts The “stress test” is a community driven test of the BCH mainnet and its services, according to the BCH stress test website. The test aims to process “millions […]

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New Satoshi Challenger Tells All — But Is He Legit?

Just recently we reported on new information concerning the hunt for Satoshi Nakamoto. Following a summary of suspects, we ended the report with the first part of an interview with a man who believes he was a member of the Satoshi Nakamoto group. Unfortunately, Phil Wilson, the man who says he was an original Satoshi Nakamoto member, alongside Craig Wright and David Kleiman, has no verifiable proof because at the time he was afraid of a government crackdown. To continue where we left off during our last […]

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Japan’s Financial Regulator Enhances Risk Screening Process for Crypto Exchanges

Japan’s financial regulator, the FSA, has enhanced the registration screening process for cryptocurrency exchanges. Japan’s financial regulator, the Financial Services Agency (FSA), will fortify the process of registration screening for cryptocurrency exchanges, local media outlet The Japan Times reports September 2. The FSA has ungraded the registration process, revising the Payment Services Act — enforced since April 2017 — in order to “to see whether they [crypto exchanges] are properly conducting risk management,” sources told The Japan Times. The financial watchdog has added several new features to […]

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Crypto Exchange Bittrex Invests 10 Percent Stake in Malta-Based Blockchain Firm Palladium

U.S. crypto exchange Bittrex has purchased a 10 percent stake in Malta-based blockchain firm Palladium. Bittrex, one of the top cryptocurrency exchanges worldwide, has recently invested in Malta-based blockchain company Palladium, local news outlet Times of Malta reports September 2. The U.S.-based Bittrex, now the 18th top crypto exchange by total average trade volume, has bought a 10 percent share in Palladium. In July, Palladium had announced plans to distribute $150 million in tokens in the world’s “first” Initial Convertible Coin Offering (ICCO) in partnership with Bittrex […]

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Reuters: Venezuela’s Petro Has No Users, No Investors and No Oil to Back It Up

The petro has stirred up a lot of debate among the cryptocurrency community, with some people who believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions, while others see it as a scam by a corrupt government that already inflicted economic calamities, such as hyperinflation, against its own citizens. A new report is unlikely to end this debate but it does help shed light on what is really going on. Also Read: Report: Miner Spends Only $1567 per […]

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Hyperbitcoinization: How Currency Crises Are Driving Nations to Crypto

Inflation is driving these nations to crypto, but there won’t be hyperbitcoinization as long as reserve currencies remain strong. Venezuela, Turkey, Iran and Zimbabwe: these countries are all facing ongoing economic crises. They’re suffering from high levels of inflation, and as a result the people living within them are increasingly turning to crypto as a store of value and a means of exchange. Their recent troubles have heightened the distant possibility that, at some point in the future, hyperbitcoiniztion will take place, with Bitcoin (or some other […]

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