Bitcoin Turns Illinois Developer Into Crypto Tycoon; Can BlockDAG Repeat the Magic with Its $52.3M Presale?

Achievement stories often begin with individuals who spot opportunities early. Such is the tale of a software developer from Illinois who discovered Bitcoin mining in 2013 and built his own rig. His early adoption and technical expertise turned him into a crypto tycoon.

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Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound

Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday's panicky action on the crypto markets ahead of the asset's much-anticipated halving event.

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Bitcoin From Rare 'Satoshi Era' Moves After 14 Years of Dormancy

The miner earned 50 bitcoin in April 2010 during the network’s early weeks and has held on to the asset so far.

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Over $390 Million Liquidated in Crypto Markets as Bitcoin Risks Plunging Below $60,000

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Early Bitcoin Investor Says Crypto Is Dead In The U.S. — And Here’s Why

Early Bitcoin investor and industry proponent Chamath Palihapitiya, who declared about two years ago that Bitcoin had usurped gold and forecasted the leading cryptocurrency would skyrocket to the $200,000 level, is now taking a more cautious approach toward crypto assets.

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Is Bitcoin in early bull phase? Refer to these metrics for an answer

Bitcoin entered the early stages of a bull phase, as per CryptoQuant's data. A decline in Bitcoin returns compared to other cycles was observed. Bitcoin has entered the early stages of a bulThe post Is Bitcoin in early bull phase? Refer to these metrics for an answer appeared first on AMBCrypto.

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Early Bitcoin Pioneer Ian Freeman Goes to Trial in New Hampshire

CONCORD, New Hampshire — Federal prosecutors say early bitcoin pioneer and Libertarian activist Ian Freeman and a group of his associates helped scammers and other criminals launder more than $10 million using bitcoin through a network of bitcoin vending machines and in-person and virtual cash-for-bitcoin trades from 2016 until their arrests in 2021.

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Solid Upside Rejection as Bitcoin Tests $60,000; What to Expect?

Bitcoin bears attempted to take control during the early European session as the cryptocurrency neared a $60,000-valuation.

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Downside Risks Grow as Bitcoin Sells Off at $38,000 Once Again

Bitcoin continued its weekly bull run into the early Thursday session in Asia but met modest selling pressure.

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Bitcoin at $29,000 - Are we still early?

Less than 24 hours after most of the world called curtains on 2020, it is fair to say that Bitcoin closed its shop in the best way possible. It should be noted, however, that for the cryptocurrency maThe post Bitcoin at $29,000 - Are we still early? appeared first on AMBCrypto.

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Bitcoin: 4 reasons why we are in the early bull-run stage

How do we know we are in a bull run? Early 2017 did not show signs of what could occur by the end of 2017. However, bitcoin and the crypto ecosystem seems to be already in the bull run. Bitcoin hasThe post Bitcoin: 4 reasons why we are in the early bull-run stage appeared first on AMBCrypto.

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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade.

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Ten Years Ago, Famous Early Bitcoin Contributor Made the Most Wild Bitcoin Price Prediction

A forum post from the early days of Bitcoin is going viral on Crypto Twitter. The post was from Harold Thomas Finney, who was an early Bitcoin contributor and also the one who received the first bitcoin transaction from Satoshi Nakamoto, pseudonymous and mysterious creator of the Bitcoin software. A cypherpunk, Finney had said at […]

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Bitcoin Will Establish New All-time Highs in Early 2020: Analyst

The price of bitcoin is down by more than 30 percent from its 2019 high. But the cryptocurrency is eyeing a strong bull run in the long-term scenario, says prominent market analyst FlibFlib. The crypto trader said on Wednesday that he believes bitcoin would jump above its all-time high of $20,000 in early 2020.

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Chaincode’s Residency Program Is Back, This Time With Lightning App Classes

The Lightning Network, the second-layer solution designed to make quick, cheap and easy Bitcoin payments, is maturing. But widespread adoption, still a long way off, will require plenty more participants.

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Bitcoin 2018 vs Bitcoin 2019: The Ever-Changing Narrative of Bitcoin

A look At The Ever-Changing Narrative Of Bitcoin Throughout the decade since Satoshi Nakamoto’s whitepaper release, the narratives of bitcoin has changed. For example, back in the early days, Bitcoin technology was supposed to eradicate the current banking cartels and remove money from the state’s power as well. At least that’s what the early bitcoiners […]

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Akoin Wants To Undo ‘Confusing’ Launch, Become Serious Project

Despite the mainstream media’s stream-of-bad-news schedule, cryptocurrency has a long and proud tradition of philanthropy. The Pineapple Fund, which closed in early May, donated $55m in bitcoin to a wide variety of charitable causes, including water sanitation in Africa and improving internet privacy levels.

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Draft EU Proposal For ICOs To Be Included In Regulatory Framework for Crowdfunding

The European Parliament’s Committee on Economic and Monetary Affairs published a draft report on crowdfunding solutions on August 10, with a proposal for some initial coin offerings (ICOs) to be included in the highly anticipated draft regulatory framework for crowdfunding; expected early next year.

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Bitcoin is Seeing More Transaction Volume Than Gold

Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017. Bitcoin Showing More Utility Than Gold Bitcoin is on track to clear more transaction volume than the global gold markets.

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U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services

Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22. 7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.

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Recovery Has No Impact in EOS Price As It Continues Drop!

Even with Bitcoin undergoing a price recovery today, EOS has failed to maintain gains, as it trades around support level at $4. 5. Yesterday’s candle was a dragonfly doji, which typically represents a turning point in the markets.

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Bitcoin Buy-Ins Create $15bn Boomerang For Crypto

The green on the CoinMarketCap screen will be a welcome sign for the crypto community, latterly demoralized by double-digit dips. The market is boomeranging today with all but four coins experiencing significant market gains from yesterday.

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Op Ed: Evaluating the Promise of Cardano: Has Ethereum Met Its Match?

This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain.

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Bitcoin Price Watch: Currency Briefly Falls Below the $6,000 Mark Before Recovering

At press time, the father of cryptocurrency is trading for just over $6,000. This is about $200 less than where it stood during yesterday’s afternoon hours. The coin is continuing to fall deeper and deeper into red territory, though this price is an improvement over where it stood during the early morning, when it fell […]

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DAG Stretches Practical Limits of Future $30 Billion Supply Chain Software Industry

A collaborative effort between IBM and Maersk to implement blockchain solutions on shipping made headlines recently when it was announced that initial trials had been successful and early adopters could now join the program.

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PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology

BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018.

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Deep Analysis: Bitcoin Prospects For 2018 And Beyond

A major question dominating the 2018 bear market for cryptocurrencies has become “When will the price of bitcoin go up?” Investors who have been in the space as early as 2010 are familiar with the market cycles of bitcoin.

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An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend

Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD […] The post An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend appeared first on Bitcoin News.

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Bitcoin (BTC) Crypto Market Cap Dominance Hits 51%, Highest in 2018

For the first time since December 19th 2017, the market dominance of Bitcoin has crossed 50%. Since the early weeks in May, Bitcoin has begun to control a more significant share of the cryptocurrency market.

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Early Crypto Adopter Dish Network Now Accepts Bitcoin Cash

Pay TV provider Dish Network, one of the first big firms to accept bitcoin payments, has announced it now also accepts bitcoin cash.

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ZCash (ZEC): The Only Bitcoin (BTC) Fork That Can Beat Investors’ Expectations

ZCash (ZEC) is a popular source code fork of Bitcoin (BTC), just like Litecoin (LTC). The purpose of its creation was to address privacy issues that users of Bitcoin (BTC) faced and also to curb centralization with its Equihash based proof of work model.

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Surge in Overstock Share Price As Their Blockchain Technology Subsidiary Attracts $270m Private Equity Investment

Overstock, the e-commerce company which has invested a lot of development effort into integrating with cryptocurrency, announced that their blockchain research division tZero would see $270m of investment from Hong Kong private equity firm GSR Ventures over the coming years.

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Litecoin (LTC) Is No Longer The Cheapest Coin On Coinbase

Litecoin (LTC) has been away from the spotlight for quite some time now. This has more to do with other cryptocurrencies gaining traction than Litecoin (LTC) itself. The LTC/BTC daily chart above shows how sharply Litecoin (LTC) has declined against Bitcoin (BTC) since the beginning of the correction.

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Recent Market Drop Reveals Industry Is Entirely Speculative Driven

Cryptocurrency–Confusing is the best word to sum up how the crypto markets have performed over the preceding weeks. Despite the excitement of July and early August’s price rally, a welcome sign in an otherwise severely bearish year, the crypto markets have again failed to hold momentum and slipped backwards.

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Capitulation, Vitalik Buterin Calls the Bottom – Is the Cryptocurrency Bear Market Nearing an End?

Early last week, Vitalik Buterin tweeted in response to Tim Swanson, founder of Post Oak Labs, that he believes “We’re at the tail end of a crypto bubble. ” Swanson had tweeted an image of SimilarWeb data indicating a rapid decline in traffic to Coinbase.

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DJ Who “Turned Down Wall St.” Is On a Quest to Decentralize Music Festivals

Independent DJ Justin Blau (known on stage as 3LAU) didn’t exactly stumble into the cryptocurrency industry — to say so would misrepresent how much thought he’s put into his blockchain-based event network, Our Music Festival (OMF).

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Bloodbath Continues for Price of Bitcoin [BTC]

Amid news of ETF proposal rejection, the price of Bitcoin has continued its strong bearish movements. Yesterday’s early price action proved to be just a brief gain with traders who took short positions around the hourly 100EMA making a significant profit.

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‘White Rabbit’ Set To Stop Crypto Ransomware In Its Tracks

An upcoming security tool called White Rabbit will utilize machine learning in tandem with a dataset of Bitcoin addresses in order to prevent cybercrime. The platform will detect and predict which addresses are involved in illegal activity and will act as an “early warning system” that detects ransomware campaigns. This is how it works: White […]

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Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto

Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies.

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‘White Rabbit’ Set To Stop Crypto Ransomware In Its Tracks

An upcoming security tool called White Rabbit will utilize machine learning in tandem with a dataset of Bitcoin addresses in order to prevent cybercrime. The platform will detect and predict which addresses are involved in illegal activity and will act as an “early warning system” that detects ransomware campaigns.

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Decentralized Apps Might Be the Future but They’re Not the Present

To their proponents, dapps – decentralized applications – are the future of internet. To their critics, they’re multi-million dollar sinkholes, with huge development costs, poor UI, and no users.

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Bitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining Facility

Bitmain is planning to open a blockchain data and mining facility in Texas by early 2019

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ConsenSys Ventures Kavita Gupta Talks Tachyon and India

ConsenSys, the Ethereum production studio based in the U. S. , launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million.

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Bitmain Confirms New Crypto Mining Facility in Texas

Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year.

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Monthly growth of Bitcoin ATMs Slows Down in July to 1.6%

The decline coincides with the waning of the crypto hype from the end of 2017 and early 2018.

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The Anatomy of a Successful BItcoin Ransomware Attack and How to Prevent Becoming a Victim

In early 2016, reports of a particularly crippling ransomware attack began to surface. While many of the victims were based in the U. S. , the attacks were also witnessed in other parts of the world.

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Bitcoin Moving Average Show Bull Markets In The Making

Bitcoin’s (BTC) 200-day moving average (DMA) continues to slide in the longest downward trend since the summer of 2014. Price data collected over the last 200-days indicates the Bitcoin moving average fell from $10,300 in early June to today’s $8,300.

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Square Cash Quietly Reveals It’s Avoiding Public Cryptocurrency Exchanges

In its recently published quarterly report, Square revealed it’s channeling Bitcoin trades from its Square Cash application to private brokers instead of public exchanges. Jack Dorsey’s Square Cash application enabled Bitcoin purchases and sales for most users early in 2018, adding to its consumer payments suite.

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Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

Mt. Gox, the defunct and disgraced bitcoin exchange (at one time the biggest in the world) is preparing a final chapter in a long, sorted ordeal. Creditors have coalesced around a repayment scheme to make victims whole.

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