Bitcoin News 22 August 2017 – Credit Suisse leads Banks for Blockchain-based Syndicated Loans

Bitcoin News today with the leading story being Credit Suisse leading a group of banks in the launch of a commercial platform for blockchain-based syndicated loans. Credit Suisse believes blockchain technology can reduce barriers between counterparts as well as reduce time and cost by using smart contracts.   Emmanuel Aidoo, who leads Credit Suisse’s blockchain said “We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year.”   Banks…

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Bitcoin News 14 August 2017 – Bitcoin Bull Run Stampedes over $4200

Bitcoin News Today and the Bitcoin price is extremely bullish! Hitting highs of more than $4200 on some Far East Exchanges – This bull run has been fueled by high demand by the Japanese YEN Market (46%) followed by the USD (23%) and the South Korean Won (13%).   When Japan made Bitcoin legal tender in their country on 1 April 2017, it energized the market and adoption by Consumers, Merchants, Investors as well as Institutional Investors is gaining more momentum. Japan has started a domino effect around the world…

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Bitcoin News 7 August 2017 – Bitcoin Price Soars beyond $3400

Bitcoin News today sees the Bitcoin price rise above $3400 in the wake of SegWit activation on 1 August 2017, and the subsequent birth of Bitcoin Cash. High traded volume supporting the soaring price as investors rush to own Bitcoin.     Some investors are paying an almost 75% premium just for exposure to Bitcoin and this relates to Grayscale Bitcoin Trust, the only exchange traded Bitcoin product on the market today.   The SEC is changing guard as the existing top official in charge of approving new financial products…

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Bitcoin News 2 August 2017 – Bitcoin Price Holds ground, Bitcoin Cash surges over 200% and Rising

Bitcoin News Today and the dominating story is the creation of Bitcoin Cash after a hard fork of the Bitcoin Blockchain on 1 August 2017. Bitcoin Cash Next process – splitting of Bitcoin and Bitcoin Cash to trade either way. Note: The Bitcoin Cash price has surged over 200% since recording the news.   This article from Bitcoin.com announces “Bitcoin Cash miners initiated the beginning of the fork on August 1 at 12:37 p.m. UTC at block height 478558. Now, six hours later Viabtc mined the first Bitcoin Cash block…

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Bitcoin News 1 August 2017 – Bitcoin Hard Forks, Bitcoin Cash Created

Today is a momentous day for Bitcoin – the day that the UASF, User Activated Soft Fork, activated. The Bitcoin price almost touched $3000 but dropped down around $2700 a little later. The Bitcoin hard fork, MAHF, Miner Activated Hard Fork, occurred at 12:20 UTC – miners that are mining Bitcoin Cash created a transaction block greater than 1 MB in size and forked the Bitcoin network – the creation of Bitcoin Cash.   Bitcoin.com reported “This past March Bitcoin.com launched its mining pool which has garnered quite a bit…

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What is Bitcoin Cash – BCC?

Bitcoin History in the making on 1 August 2017 – The Bitcoin Blockchain is about to fork creating two cryptocurrencies – Bitcoin with SegWit and Bitcoin Cash, without SegWit.   Basically, anyone with Bitcoin in their personal wallet will receive the same amount of Bitcoin Cash which they will have to split once they decide to trade. Some of the benefits of Bitcoin Cash are faster and cheaper transaction times as well as Replay and Wipeout Protection and a new SigHash Type, part of the replay protection technology, basically a…

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Bitcoin News 31 July 2017 – Bitcoin Scaling D-Day, Protect Your Private Keys

Bitcoin news today and the dominating story is that today is D-Day, the day before the Bitcoin upgrade and potential fork which will create the much discussed, Bitcoin Cash. Some businesses have decided not to support Bitcoin Cash but either way, clients need to make alternate arrangements ensuring they control their private keys vs the business or exchange having control.         In an article posted by Bitcoin.com, there are two cardinal rules for the time during the SegWit upgrade and potential split in the blockchain creating two…

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Bitcoin News 29 July 2017 – Inching Closer to Bitcoin Upgrade, are You Ready?

Bitcoin News Today – We are inching closer to 1 August activation of Bitcoin Scaling, BIP91 – will we have a fork and create BCC (Bitcoin Cash) or will it be a non-event? Final signaling by all miners to implement SegWit has taken place while exchanges are still deciding to suspend trade during this time or not.  In the meantime, the Bitcoin price is strong as support has not waived. The Ethereum price has dropped somewhat, under $200, however, development in the Ethereum network continues, a good sign.    …

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BREAKING NEWS: BitVault Announces Integration of EOT Wallet (Encryption of Things)

In an exciting development, the Worlds First Blockchain phone and crypto communicator, the BitVault®, has announced that the Encryption of Things cryptocurrency, EOT, will be integrated into the phone.  EOT can be used for secure calling, secure messaging as well as for in App purchases on the BitVault Appstore.         The BitVault was recently introduced to the FinTech community at London FinTech Week where the functionality was demonstrated to very interested and rather intrigued delegates.  The BitVault is a revolutionary new product that is built around security and privacy enabled…

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Bitcoin News 26 July 2017 – Bitcoin Price Slumps as Bitcoiner Fear Rises ahead of BIP91

Bitcoin News today – As we approach 1 August and the implementation of BIP91 scaling solution, it appears that Bitcoiners are fearful of what might just happen in terms of a UASF (User Activated Soft Fork) and the possibility of creating Bitcoin Cash. Prepare yourself by making sure you have control of your private keys – use an offline hardware wallet at all times to protect your digital assets.   While this development is hot news that gets everyone excited, hopefully, the big news of the week does not go…

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