Circle buy Poloniex Crypto Exchange

As the value of cryptocurrencies continues to grow, so does the opportunity for business acquisitions. Circle, a peer-to-peer payments technology company using the blockchain, founded by Jeremy Allaire and Sean Neville in October 2013 have just announced the acquisition of Poloniex, a crypto exchange.       According to Reuters, Circle is “one of the leading players in the over-the-counter market for bitcoin trading, and is soon launching a retail-focused app for buying cryptocurrencies, Circle Invest.  One of the best-funded blockchain startups, its investors include Goldman Sachs Group Inc and…

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How to Install your Embedded Vault

Cryptocurrency during the past year has soared to new highs coupled with the need to protect them. Embedded Vault can do just that. Embedded Vault is the world’s most secure cryptocurrency software wallet that can turn your PC into a secure hardware wallet.   Current Requirements for Embedded Vault: Android Smartphone with Fingerprint scanner and Bluetooth Windows PC with Bluetooth       Embedded Vault currently supports popular cryptocurrencies such as Bitcoin, EOT Coin, EOT Token, Waves and also provides an exchange between EOT tokens to EOT coins.   The…

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More Banking Woes For Bitcoin

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. all announced a ban on purchases of Bitcoin and other cryptocurrencies on their credit cards.   JPMorgan, enacting the ban Saturday and Bank of America started declining credit card transactions with known crypto exchanges on Friday.   Full story: – https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards     This comes after Visa suspended a number of crypto prepaid cards in January without warning and a number of Bitcoin companies including Bitwala announced that their banking services were suspended.   Shortly after that payment processor…

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Fitness Tracking App reveals secret US Army bases

Fitness tracking company, Strava has been revealing sensitive information about the location and staffing of military bases and spy outposts around the world.     The details were released in a data visualisation map that shows all the activity tracked by users of its app, which allows people to record their exercise and share it with others.   Amazingly this map, released in November 2017, shows every single activity ever uploaded to Strava – more than 3 trillion individual GPS data points, according to the company.   Users can use…

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Bitcoin chaos in Japan as Coincheck freezes all Withdrawals

Japanese cryptocurrency exchange Coincheck announced on Friday, Jan. 26, that it is suspending all withdrawals after a Ripple payment worth $123mln left its wallet as well as a transaction of 500 million NEM (XEM) worth around $600 million at the time.   The sudden announcement sent a shockwave through the trading community and Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals in a country that’s still wary of crypto exchanges four years after the collapse of Mt. Gox.   No Explanation: Coincheck Inc., based in Tokyo,…

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How 50 Cent made $ 7 Million in Bitcoin

It was called Animal Ambition,  a 2014 album by rapper, 50 Cent. The rapper probably never dreamt that the value of Bitcoin would skyrocket when he agreed to take proceeds from album sales in Bitcoin. These sales are now reportedly worth more than $7.5 million.   In a comment that could either amaze or exasperate people who would love to find a pile of money, 50 Cent added, “I’m a keep it real. I forgot I did that s***.”   It was reported that Animal Ambition brought the rapper around…

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Could the G20 strangle Bitcoin?

Internationally the mood towards Bitcoin keeps on souring and recently US Treasury secretary, Steven Mnuchin stated that the G20 nations will begin working together to make sure that Bitcoin and other cryptocurrencies are properly regulated.     Good regulation might be a good thing for Bitcoin but it increasingly looks as if governments want to keep a very tight grip on the financial system     Bitcoin exchanges are under fire in India: It was recently reported on Cointelegraph many of the nation’s top banks have suspended or greatly curtailed…

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How to Bitcoin #3 – Bitcoin Trading

NEW ZEALAND – Guest Writer –The third in the series of “How to Bitcoin” articles introducing you to Bitcoin and what you can do with the cryptocurrency.  Here is an overview of the buying and selling aspect of Bitcoin, trading.     BTC can be traded on Exchanges (online companies regulated/non-regulated and are located all over the world) to buy other alt-coins. Exchanges may also trade commodities and currencies. Some large BTC Exchanges that mostly trade against the US dollar are Bitstamp, Coinbase, and Bitfinex. Click here to view the…

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How to Bitcoin #2 – How is Bitcoin Processed

  NEW ZEALAND – Guest Writer –The second in the series of “How to Bitcoin” articles introducing 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”.   How is Bitcoin Processed?   BTC is processed by computing power where a network of user-computers becomes a financial public ledger that will process the use of BTC. This is a network of computers and…

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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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