cryptocurrency

Bitcoin goes mainstream with futures trading on Wall Street

Bitcoin goes mainstream with futures trading on Wall Street

There must have been a great deal of confusion, apprehension, and even ridicule in ancient times when people moved from directly trading goods to the abstraction of wealth we call “money”. We might now be entering such times again with the birth and growth of cryptocurrency, specifically bitcoin. Although already nearly a decade old, bitcoin has yet to be taken very seriously by major financial institutions, something that might finally happen now that bitcoin futures have begun trading on Wall Street, thanks to Cboe, one of the world’s largest exchanges.

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Steam drops Bitcoin as $13k BTC milestone passed

Steam drops Bitcoin as $13k BTC milestone passed

Bitcoin has been dominating the news a lot lately, thanks mostly the the extreme fluctuations it's been making in value. Just before we entered December, Bitcoin climbed to $10,000 - an all-time high on that day - and now, just six days into the new month, Bitcoin has surpassed $13,000. Bitcoin has had something of a volatile rise throughout the latter half of 2017, and now that's making some people, and companies, a little frustrated.

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Court orders Coinbase to give IRS data on 14,000 users

Court orders Coinbase to give IRS data on 14,000 users

Coinbase has been ordered to turn over data on about 14,000 users to the Internal Revenue Service, the latest development in a legal spat that has been ongoing for months. Coinbase is calling this a partial victory, saying that the scope of the summons was reduced by a huge 97%, requiring it to turn over data on only a small fraction of its users. Affected users are people with $20,000 or more in transactions in a single year.

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Browser-based drive-by cryptomining keeps running even when closed

Browser-based drive-by cryptomining keeps running even when closed

The fact that people mostly live their computing lives inside their browsers hasn’t escaped attention. Browser makers are adding more power and giving browsers more access to hardware. Google has even made an entire OS based on a web browser. And now, malware authors are scrambling to take advantage of all those. This latest development is a bit more cunning though because, instead of outright demanding payment or use misleading and harmful ads, it generates money by exploiting your computer’s hardware to mine for cryptocurrency.

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How to buy Bitcoin for USD before the price hits $10k (later today)

How to buy Bitcoin for USD before the price hits $10k (later today)

This afternoon Bitcoin will almost certainly reach $10,000 USD per coin - making this another all-time-high in a month full of all-time-highs. This price means each full Bitcoin is worth approximately 10-thousand United States Dollars. It also means that each fraction of a Bitcoin is also at its own all-time-high.

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Pirate Bay returns to mining cryptocurrency with visitors’ CPUs, no opt-out option

Pirate Bay returns to mining cryptocurrency with visitors’ CPUs, no opt-out option

Just over a month ago The Pirate Bay's website was found to be using visitors' CPU cycles to mine cryptocurrency while they browsed the site. At the time, the practice was said to be a limited test in order to see if digital currency mining could be a new source of revenue to replace traditional advertising. However, without notice Pirate Bay has returned to mining and offers no opt-out option to visitors.

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This Blockchain phone is unreal: Sirin Labs, Solarin, and FINNEY

This Blockchain phone is unreal: Sirin Labs, Solarin, and FINNEY

Sirin Labs' FINNEY device was announced this week as the world's first blockchain smartphone. Inside the data provided by the company (Sirin Labs) we've gotten a fair idea of what could work, what will be difficult, and what will be downright impossible to accomplish. This is a realistic look at what's going to happen with this device and the rest of the FINNEY device family in the near future.

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Showtime websites used visitors’ CPUs to secretly harvest cryptocurrency

Showtime websites used visitors’ CPUs to secretly harvest cryptocurrency

Over the weekend, Showtime's website was caught using visitors' CPUs to mine cryptocurrency without their knowledge, an issue that also recently surfaced at The Pirate Bay. The issue came to light in a tweet made by Twitter user @SkensNet, who pointed toward the offending source code. He tagged Showtime in the tweet, but no reply was forthcoming, and the code remained live for at least several hours following the publicity.

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Pirate Bay uses visitors’ CPUs for mining digital currency

Pirate Bay uses visitors’ CPUs for mining digital currency

Torrent and piracy websites are in a difficult situation when it comes to raising money. The more they grow in popularity, the bigger the costs of operation get, but they can't exactly depend on advertising revenue to survive. While donations via Bitcoin have been the preferred option for some time now, it appears The Pirate Bay may be moving to a more direct method for generating funds: using visitor's CPU cycles to mine digital currency.

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China bans use of ICOs in fundraising

China bans use of ICOs in fundraising

Bitcoin, the first successful cryptocurrency, promised to disrupt the way we view and use money, and disrupt it did. And like almost all disruptions, it has left some scrambling to make sense of matters, confusing not just plain folk but even and especially governments and lawmakers. Such confusion often leads to regulation that becomes unfavorable to such new systems. Like, for example, China’s new ruling that makes it illegal to use initial coin offerings or ICOs in raising funds for a startup or product.

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Burger King WhopperCoin cryptocurrency is real and it’s only in Russia

Burger King WhopperCoin cryptocurrency is real and it’s only in Russia

Burger King has decided to launch its own cryptocurrency and it is called 'WhopperCoin.' The currency, which is something like bitcoin, only far less valuable, is given to customers as a prize of sort for buying a Whopper hamburger. The cryptocurrency has only launched in Russia, and it is being referred to as a 'blockchain loyalty program.' Whether it will launch in other countries is unclear.

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Bitcoin Cash is the Bitcoin fork you probably wished wasn’t

Bitcoin Cash is the Bitcoin fork you probably wished wasn’t

As of August 1, 2017, Bitcoin as we know it is no more. Not that we completely grokked it anyway. No, Bitcoin isn’t yet dead, fortunately or unfortunately. Instead, there are now two. Bitcoin has experienced what is called a “hard fork”, essentially a very big split. So now there are two: Bitcoin and something that is now known as Bitcoin Cash. And while both operate in exactly the same manner, the two are almost completely independent, which is going to make things a lot more confusing moving forward.

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