Bitcoin News 25 May 2017 – Bitcoin Price Booming!

Bitcoin Today – The Bitcoin price continues to surge ahead and beyond $2600. Are we headed for $3000 in the next few days?   Bitcoin Headlines:   Bitt Reveals Big Plans for Cross-Caribbean Blockchain Settlement Network Bitcoin Price Blazes Past $2400 and Higher in Japan, India and South Korea Whoa! Bitcoin Prices are Booming Fintech revolution will ‘create’ more jobs than it cuts Naspers pours $5M into Coins, a fintech startup for Southeast Asia’s unbanked population Is Bitcoin divisible… if so, how? Cryptocurrency Mania Goes Beyond Bitcoin It’s not just…

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Has Bitcoin’s Scaling Debate Finally reached Agreement?

The big elephant in the room has been the big scaling debate between developers and miners for the past two years.  This year saw a faceoff between Bitcoin Core / Segregated Witness and Bitcoin Unlimited which turned pretty nasty at times.  We now hear that there could be acceptance by all parties on implementing an agreed scaling solution… imminently!   Reported by CoinTelegraph:- “According to sources, a number of Bitcoin businesses owners, including Barry Silbert (Digital Currency Group), Roger Ver (Bitcoin.com) and major mining players Jihan Wu (Bitmain) and Valery…

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Bitcoin News 23 May 2017

We are saddened by the bomb blast that took place in Manchester last night – our heartfelt condolences and thoughts are with the families and friends of those affected by this atrocity.   The Bitcoin price continues to stay strong and bullish above $2100. Very High traded volumes are reported from Japan as the country embraces the legalisation of bitcoin as a payment system.   News Headlines:- Status.im and Bancor Protocol Cut Deal to Issue Tokens From Smartphones Toyota, tech firms explore blockchain for driverless cars Blockchain Technology Fuels Global…

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Breaking News – Coinbase Down, Users reporting Problems

Tried to log into Coinbase today and you got this? At the time of writing, Coinbase, a Bitcoin Exchange based in San Fransisco, came back online but with limited functionality. Coinbase were founded in June 2012, and they are a digital currency wallet and platform where merchants and consumers transact with digital currencies such as bitcoin, ethereum, and litecoin.     User problems are continuing – Tweets regarding Coinbase website being down and certainly this one highlights the problem with keeping your cryptocurrency in a hot wallet on an exchange. And…

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Bitcoin News 22 May 2017

Bitcoin today – The Bitcoin price broke the $2000 level this weekend and followed on by reaching close to $2200 on Monday morning. Some say this is a bubble but you just cannot deny the strong fundamentals evident. Keeping yourself abreast of the news is most important. News headlines:- Enterprise Ethereum Alliance Adds 86 Members to Blockchain Consortium Three Services That Aim to Create Bitcoin Professionals and Experts 3 Reasons Why Bitcoin Broke $2,000 Bitcoin taps fresh record highs amid rising demand from Japan, China Norway’s Largest Online Bank Integrates…

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Norway’s Largest Online Bank Integrates Bitcoin

In a forward thinking and progressive move, Norway’s largest internet-based bank, Skandiabanken, has recognised Bitcoin as an investment asset and payment system. They have added a new feature tethering bitcoin accounts to the company’s web bank platform. Now their customers can access Coinbase accounts alongside their normal bank accounts.   “We acknowledge that this is something people want to put their money into,” says Hernæs, Skandiabanken executive. “Then we think it is the right time to look at new solutions we can offer. We think it’s a better approach than…

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International Ransomware cyberattack Amplifying!

It has been reported that over 200 countries have been affected by a ransomeware cyberattack and it could be amplifying!  The BBC reports:  “Friday’s cyber-attack has affected more than 200,000 victims in 150 countries, Europol chief Rob Wainwright says. He told the BBC the act was “unprecedented in its scale” and warned more people could find themselves affected on Monday morning”   Read more:  Accidental hero’ halts ransomware attack and warns: this is not over Read more:  International Cyberattack Throws Multiple Countries into Chaos!       Bit-Media is proudly…

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Cybersecurity News – Another Phishing Attack!

All too often we hear about phishing attacks on large corporations and recently there was an attach on a Media giant, Gannett Co, a company that owns over 100 news outlets, including USA Today.  Cybercrime is the biggest threat to the digital economy including our personal online privacy.     Unsure as to what phishing is?   Definition by Wikipedia: Phishing is the attempt to obtain sensitive information such as usernames, passwords, and credit card details (and, indirectly, money), often for malicious reasons, by disguising as a trustworthy entity in an…

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How to Exchange Bitcoin to Altcoins and Vice Versa

COIN EXCHANGE The cryptocurrency market is expanding at a rapid rate and you can now exchange your bitcoin for altcoins and vice versa!  Here are the instructions on how to make an exchange as per Shapeshift.  From start to finish you can exchange currencies in under ten seconds with no account required!   Let’s assume you have Bitcoin and you want Litecoin. It goes like this: Select Bitcoin as the input and Litecoin as the output Provide your Litecoin address in the box, then click the Start button ShapeShift will…

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The Blockchain disrupting Trade Finance, a $7 Trillion Industry

The Blockchain is changing the world – proof over trust. Blockchain technology is revolutionizing processes and procedures that are impacting positively on global trade finance efficiency improvements, time and cost savings. Trade finance, a $7 trillion industry, is being disrupted by innovation.       According to ZeroHedge, Easy Trading Connect proves the blockchain works to conduct business. And the benefit of the blockchain in trade finance is obvious.  This is just getting started. Venture capital firms and financial institutions are pouring millions of investment dollars into the blockchain.  Click…

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