What happens to your Bitcoin Hardware Wallet when the Blockchain Explorer goes down?

 With all the news about hacking and lost cryptocurrencies, people are looking for safe alternatives for storing their Bitcoin and other currencies. The “Hot” alternative at the moment is so-called “hardware wallets”, these tend to be a much better alternative than centralised wallets like those on exchanges or provided by popular providers.   It seems though that some Bitcoin owners are confused about where their coins are kept. It is important to understand that your cryptocurrency never leaves the blockchain, so coins are not kept “in a wallet”. What the…

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Forbes Journalist Predicts Bitcoin Crash below $ 1000!

In a recent article Chuck Jones, a Forbes contributor, cited his reasons why Bitcoin could fall to below $ 1000.     Here are the reasons listed in the article:   Regulation could have the biggest impact South Korea Japan China U.S. regulation There is no “value” to it Volatility can create nervousness A shakeout is coming ICOs (Initial Coin Offerings) Hacking theft of CCs FOMO or Fear of missing out Bitcoin mining scams Becomes too associated with criminals and rogue states Third parties changing their minds Bitcoin & Blockchain…

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How to Bitcoin #1 – Introduction

NEW ZEALAND – Guest Writer – A series of articles will be published to introduce you to Bitcoin and what you can do with the cryptocurrency.  Some hints and tips are provided, including some links to websites in order to guide you in your endeavour to understand Bitcoin, the “Internet of Money”.     Firstly, what is Bitcoin?  Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. It is a peer-to-peer network supported by its users via computing power with no central authority. It was designed…

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Cryptocurrencies are Not all Equal

Bitcoin is most certainly the ’Big Daddy’ of crypto, being the first to market and now with a proven store of value and resilience. Bitcoin’s value has increased by over 30,000% since creation in 2008 and has taken some heat from governments, regulators, central and commercial banks as they become aware that cryptocurrency cannot be ignored.   The success of Bitcoin has prompted more development of alternative cryptocurrencies, some very similar to others and some with specific use cases. The rise in value and adoption of certain altcoins have shown…

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Bitcoin News 24 November 2016

Bitcoin Today – Bitcoin news review and latest Bitcoin price watch! Is the Bitcoin price curling up to strike again? News Headlines – Swiss bank Vontobel has extended its certificate on Bitcoin to Germany and Austria; The CEO of one of Russia’s largest banks, Sberbank, has publicly shared his bitcoin experience; A UN organization focused on criminal justice issues in Uganda; the US dollar reaching a ten year high vs the India Rupee at an all time low; Morgan Stanley is said to be pulling out of the R3CEV blockchain…

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Bitcoin – Today. Bitcoin News 23 November 2016

In the Bitcoin News today… the Bitcoin value is increasing. The Bitcoin price seems to be settling around the $750 – $760 level. Getting ready for another surge? We will have to wait and see. Bitcoin and blockchain news headlines: More than 30 R3 member banks are expected to invest in the blockchain consortium startup as part of its ongoing $150m funding round; A New York blockchain startup has partnered with tech giant Siemens as it expands an ethereum-based peer-to-peer energy transfer project; Australian banks are calling for the scrapping…

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Bitcoin News 22 November 2016

In the Bitcoin News Review today… The South Korean Financial Services Commission (FSC) has established a task force to design regulatory framework for Bitcoin companies and users; Spanish banking giant Banco Santander is no longer a member of the R3 blockchain consortium; The Internet of Things (IoT) is a fast-growing industry destined to transform homes, cities, farms, factories, and practically everything else by making them smart and more efficient; Goldman Sachs has reportedly elected not to renew its membership in blockchain consortium R3CEV and Germany’s central bank is hosting a…

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Bitcoin News Review 18 November 2016

In the Bitcoin news today… Interest rate HIKE expected in the USA and a breakout of the dollar – Fantastic time to buy Bitcoin with your dollars while in China, the Yuan continues to devalue – No wonder Chinese investors are BUYING BITCOIN! BREAKING NEWS – India is having a cash crisis and even though the world wide Bitcoin price is hovering around $750, the Indians are paying up to $900 for Bitcoin today. Other news… The concept of freelancing and bitcoin together are gaining popularity in every part of…

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Bitcoin News Review 17 November 2016

In the Bitcoin news today, the price rocketed up $30 in an hour on 16 November, supported by high traded volume and further gains. Interesting time for Bitcoin close to year end and predictions the price could move past $1000. Time will tell. The Monetary Authority of Singapore (MAS) will soon test how it could issue digital currency using a blockchain-based interbank payment system; Cash is drying up for bitcoin and blockchain startups amid a broader decline in FinTech funding, according to new research from KPMG and CB Insights –…

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Bitcoin News Review 16 November 2016

Bitcoin News review of the last 24 hours… the Bitcoin price above the $715 again as well as the daily traded volume pushing past 9 million which is a very bullish sign. News headlines… Peter Thiel, venture capitalist and supporter of President-elect Donald J Trump, spoke of the threat Bitcoin poses to fiat money and the financial freedom it grants to its users; With Vulcan Project, PwC Wants Banks to Rethink Bitcoin; Blockchain Won’t Just Change Regulation, it Could Reshape the SEC and Bitit is currently partnering with Neosurf and…

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