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cryptocurrency News

The rise of cryptocurrency as an acceptable means of payment

Amsterdam - Should a business accept a cryptocurrency as a means of payment? This is a question that has its answer rooted in the particular business model. Certainly there are advantages for online businesses and this is a growing number.

Bitcoin broke through to all-time high last week

In spite of many warnings that the purchase of bitcoins was risky and even claims that it was a fraud, bitcoin went above $5,000 per coin on Thursday reaching a new high of $5,856. 10 during the day.

Rise in websites using your CPU to mine cryptocurrency

More websites are including cryptocurrency miners that use your device's CPU to generate digital coins. After a miner was found on The Pirate Bay last month, more torrent sites have added scripts. Hackers are also adding miners to websites they hijack.

Canada's groundbreaking bitcoin fund: Interview Special

Sean Clark, First Block Capital’s founder and CEO, spoke with Digital Journal about a new and groundbreaking bitcoin fund, and what it means for investors in Canada.

South Korea follows China in banning cryptocurrency ICOs

Seoul - The South Korean Financial Services Commission announced it will ban raising money for all forms of cryptocurrencies through initial coin offerings (ICOs). The Commission said that trading in the currencies needs to be tightly controlled and monitored.

The Pirate Bay hijacks visitors' CPUs to mine cryptocurrency

Torrenting site The Pirate Bay has been caught hosting a cryptocurrency mining script that hijacked visitors' CPUs to generate coins. The site's operators said it's an attempt to move away from displaying ads. The experimental script has proved divisive.

Bitcoin plummets on news China may ban cryptocurrency exchanges

The value of Bitcoin has plummeted on reports China is preparing a ban on cryptocurrency exchanges. If the decision is confirmed, it will be the second hostile move against the $150bn cryptocurrency market in under a week. China's already banned ICOs.

A bitcoin in your happy meal? Startup makes this a reality

A Siberian based company called DSPlus is aiming to introduce the use of bitcoin in exchange for fast food. The company is working with major players like McDonald’s and Burger King.

Aion, first network to power communication between blockchains

The enterprise blockchain company Nuco has announced the creation of Aion, which is the first interoperable blockchain network and the starting framework to enable communication between blockchains.

Op-Ed: Litecoin, BItcoin's "little brother" also reaching record high

Litecoin is a cryptocurrency sometimes described as the little brother of bitcoin. It has followed bitcoins ups and downs. Some see litecoin as related to bitcoin as silver is to gold.

Op-Ed: Burger King Russia issues its own cryptocurrency Whopper Coin

Russia has a new cryptocurrency created by American-based global fast food monarch Burger King. It is named after one of the company's products the Whopper so is called the Whopper Coin.

Why Bitcoin just split in half and created 'Bitcoin Cash'

Bitcoin has split in half as a group of miners and investors have forked the cryptocurrency to create a rival called "Bitcoin Cash." The move is a response to years of debate inside the Bitcoin community over how to develop the underlying technology.

Blockchain community falls under U.S. regulations

Washington - In a major ruling, the U.S. Securities and Exchange Commission (SEC) issued a report that cautions market participants that offers and sales of digital assets by "virtual" organizations will be subject to federal securities laws.

Bitcoin starts to recover from 'civil war' fears

Bitcoin appears to be recovering as fears that the cryptocurrency could split in a community dispute described as a "civil war" start to lift. The currency is continuing to experience sharp swings as miners switch to using new blockchain software.

A Wall Street legend is backing a bitcoin trading startup

Wall Street investors have been slow to embrace bitcoin, even as the cryptocurrency has soared. John Mack, the former CEO of Morgan Stanley who led the bank through the doldrums of the financial crisis, wants to change that.

One of the busiest bitcoin exchanges has been hacked

One of the largest bitcoin exchanges in the world has been hacked, and 30,000 customers' data has been compromised, according to a report from Yonhap News.

Bitcoin is soaring — here's what the cryptocurrency is all about

Bitcoin is a currency just like the US dollar or Mexican peso. It's also back in the headlines for soaring in value. One bitcoin was worth $2,800 on May 25, up from $1,200 at the end of April.

Bitcoin blows past $2,000 for the first time ever

The digital cryptocurrency Bitcoin has broken records by reaching its highest value ever recorded. The price of a single coin surged past $2,000 today before climbing even higher to $2,100. The rise has been linked to changes in China and Japan.

Bitcoin users warned of attack by 'state sponsored' hackers

A leading Bitcoin information site has warned its users the release of a new version of the Bitcoin software could be targeted by "state sponsored attackers." However, the country planning the attack hasn't been revealed and many members are sceptical.

Hackers steal $65 million in Bitcoins in huge exchange heist

Hackers have stolen over $65 million in Bitcoins from a major cryptocurrency exchange. BitFenix, one of the largest operating Bitcoin exchanges, has had to suspend its marketplace in the wake of the major cyberattack and Bitcoin's value has fallen.

New cryptocurrency-based cloud storage tries to beat Dropbox

Siacoin, Nebulous Labs's upcoming cryptocurrency-based data storage platform aims at beating the current industry giants such as Dropbox and Amazon S3 with its innovative technology.

'Bitcoin has failed', says prominent developer quitting project

A leading Bitcoin developer has announced he is quitting the platform and selling his own coins because the cryptocurrency has failed. Describing the project as a "failed experiment", Mike Hearn is now moving onto other projects.

The Bitcoin blockchain could be spreading malware across the web

A new report has suggested that the core of Bitcoin could be used by hackers to deliver harmful, dangerous malware to unsuspecting users of the cryptocurrency network if malicious files were uploaded instead of transactions to the Bitcoin blockchain.

Bitcoin gambling site Primedice passes 20 million daily bets

The world's largest bitcoin dice game stated that it received 20 million bets in the last 24 hours. The website's users have wagered approximately $250 million since its inception.

Latest uTorrent uses your CPU to mine bitcoins

One of the world's most popular torrent downloaders, uTorrent, has been revealed as attempting to install a resource-hogging Bitcoin miner along with itself, slowing your PC to a crawl as it runs in the background.

Are Bitcoins the future of currency?

As the way we do business changes, inevitably the way we make payments and transactions will also change, and increasingly this change means digital transactions that never see cash or even card.

Bitcoin takes a plunge due to software flaw that allowed fraud

The price of Bitcoin has dived after one of the largest Bitcoin exchanges, Japan’s Mt Gox, suspended withdrawals due to a technical issue.

Op-Ed: Are Bitcoins and other crypto-currencies a viable option?

Many people are interested in Bitcoin and other crypto-currencies these days, but the debate on whether these virtual currencies will last is still ongoing.

Op-Ed: Bitcoin will no longer be the anonymous tool of anarchists

Beijing - What was once considered the monetary tool for anarchists due to its anonymity and fight against fiat currency will soon become just another regulated payment system that will lose its prominence in the world of alternative currencies.

Review: Bitcoins and litecoins explained

Here's my take on cryptocurrency, how it works, how I used it, and what my attachment is to this digital economic uproar.
 

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