Bitcoin News 22 March 2017

Bitcoin Today – the Bitcoin price has recovered from last week’s drop below $1000 only to pass the $1100 mark but settle under this today. Expect some volatility in the coming weeks. The news is still dominated by the scaling debate – these are the other headlines in the news today. Following on from the suspension of Chinese Exchanges in January 2017, CHINESE BITCOIN EXCHANGES are expected to resume withdrawals soon; Western Union Seeks Patent for Digital Currency Analysis; Ethereum Developers Publish Roadmap for EVM Upgrade; Japan Exchange Blockchain Consortium…

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What is Segregated Witness aka SegWit?

As the value and the adoption of Bitcoin is increasing, the Bitcoin scaling debate is now in full force.  It is all about making sure there is minimal delay in Bitcoin transaction time on the Bitcoin network.  Currently there are two options being considered namely, Segregated Witness (SegWit) and Bitcoin Unlimited.  Watch this short explainer video to find out what Segregated Witness is. Should you wish to follow the story in more depth, here are a few articles to read. Bitcoin, to scale or not to scale The Big Bitcoin…

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Ethereum Jetting Ahead

Altcoins are pushing to new levels with Ethereum leading the formation at 33,57% growth at time of publication. What is causing this growth?  Is it linked to the phenomenal Bitcoin performance? Are investors wanting to cash in on the next “Bitcoin”.  Or in Ethereum’s case, could it be the formation and support for Enterprise Ethereum Alliance? Perhaps it is all just down to making more money? “There are far bigger gains to be made nowadays in altcoins than in Bitcoin … Far more money to be made, and more risk, in…

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Bitcoin News 14 March 2017

Bitcoin Today – the Bitcoin price is looking very strong – will the price move to $1500 soon? It is anyone’s guess and as we always say, keep your eyes on the fundamentals. Despite predictions that if the ETF wasn’t approved, the Bitcoin price will drop and volatility rise – drop it did but recovered strongly as Bitcoin shruged off rejection by US regulators. Bitcoin Headlines – Dubai Government Taps IBM For City-Wide Blockchain Pilot Push; Ireland Is Becoming a “Landing Spot” for Blockchain Tech; EU Draft Law Outlines Parliament…

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Bitcoin Adoption in Taiwan

Taiwan is known for night markets, themed restaurants, free WiFi, mock meat, Little League baseball… and Hello Kitty obsession.  Tourism in Taiwan is one of the major industries and contributor to the economy of Taiwan with approximately 10 million international visitors visiting Taiwan during 2015. Taiwan’s is an exporter specializing in production of electronics and machinery, and is one of the world’s largest suppliers of computer chips, LCD panels, DRAM computer memory, networking equipment, and consumer electronics. Another major industrial export sector which is in decline, is the Textile industry. Taiwan’s first…

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Bitcoin News 11 March 2017

Bitcoin today – the Bitcoin price fell off a cliff when the SEC denied the bid to have the first ETF listed on the stock exchange. The Winkelvoss Twins will live to fight another day while the market reacted sharply only to correct later and move up to the mid $1100’s. Expect a bit of volatility over the next while… maybe. Sometimes when you think the price will drop, it rises! Certainly not an exact science. Bitcoin Headlines – Industry Speaks Out in Aftermath of Bitcoin ETF Rejection; Bither CEO:…

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First Bitcoin ETF denied but the Chinese and Japanese are on their way!

The 10th of March 2017 will go down in the Bitcoin History books. Everyone was watching with baited breath waiting for the SEC decision, Bitcoin prices were volatile in the week leading up to this moment that captured the interest of mainstream media and millions worldwide. And then finally, the decision was made public – the SEC disapproved the bid to list the first Bitcoin ETF fund which was brought forward by the Winklevoss twins. The SEC stated that there is still a lack of regulation globally and they have…

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Bitcoin News 9 March 2017

Bitcoin Today – the Bitcoin price dropped down to $1140 odd today and only to recover to the $1200. With all the anticipation of the ETF approval or disapproval, we may seem some more volatility in the market. Bitcoin Headlines – The Blockchain Will Do to Banks and Law Firms What the Internet Did to Media; Bitcoin Projects on Github Surpass 10,000; Bitstamp Partners with Banking Giant for Bitcoin Investment On-Ramp; Bitcoin Startup Align Raises $24 Million, Rebrands as Veem; A South Korean Province Used Blockchain Tech for Resident Voting;…

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Bitcoin, to Scale or Not to Scale

There is a debate raging within the Bitcoin community and it’s all about scaling Bitcoin. As Bitcoin grows in value and more adoption is taking place, it is important for the miners to have the capability to cope and perform under an increased transaction workload. If Bitcoin scales well and due to an increased performance level, the network of miners will confirm transactions quicker than the 7 transactions per second currently experienced. Currently, there are many unconfirmed transactions and this seems to be down to the size of the fee…

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Bitcoin News 8 March 2017

Bitcoin Today – The Bitcoin price moved super close to the $1200 mark and after the recording, dropped into the $1180’s… but in true Bitcoin form, it is back past $1200 again at time of posting.  It is very difficult to predict short term movement in the price.  Bitcoin has shown huge gains in 2017 already however, some analysts are expecting the price to pass $3000 by the end of the year. Bitcoin headlines – Cryptocurrency Enthusiast Succesfully Mines Bitcoin on a 1985 NES Console; Russian PM Orders Research on…

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