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November 20 · Issue #122 · View online
Kyle Torpey has been a full-time Bitcoin writer and researcher since early 2014. Currently, he contributes regularly to Forbes and CoinJournal. His work has also appeared in Business Insider, VICE Motherboard, Nasdaq, and many other media outlets. Additionally, Kyle goes over the day's top Bitcoin stories in a daily YouTube show and podcast, which can be found at http://kyletorpey.com.
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Bitcoin Now Processes $2 Billion Worth of Transactions Per Day, A 10x Increase In 2017
Although Bitcoin has not seen much of an increase in the number of transactions on the network in 2017, the value of those transactions has skyrocketed.
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Path Towards Better Privacy in Bitcoin Becomes Clearer, But Will Still Take Time - Coinjournal
Many ideas for better privacy in Bitcoin have been floated over the years, but none of them have been implemented into the core protocol or gained widespread use. However, the way in which enhanced privacy could potentially come to Bitcoin has become clearer over time.
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Bitcoin Broke Coinbase CEO Brian Armstrong’s Heart, So He’s Now Focused on Ethereum - Crypto Daily
For anyone who has been paying attention to digital asset onramp Coinbase over the past year or so, it’s obvious that the company has fallen in love with Ethereum and Bitcoin is no longer the main area of focus. During the recent DFJ Summit, angel investor and This Week in Startups Host Jason Calacanis asked Coinbase CEO Brian Armstrong to explain why his love for Bitcoin has faded.
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Kyle Torpey on Twitter: "Testing out the https://t.co/SWg20r5Fs9 wallet after seeing the hysteria on /r/Bitcoin."
Testing out the http://Bitcoin.com wallet after seeing the hysteria on /r/Bitcoin. Some notes:
-It’s a copy/paste of @BitPay’s wallet. @amitbitcoin also did this to perpetuate his Ponzi scheme.
-Got a network error when creating my wallet, so this is where my review ends.
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China’s bitcoin miners, wary of tighter government scrutiny, make plans to move overseas | South China Morning Post
Unlike coal or copper – mining in the digital bitcoin world is open to anyone with an internet connection and the suitable hardware
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These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin - Bloomberg
Doomsday preppers in North America bet on bitcoin
Cryptocurrency is starting to impinge on gold’s appeal
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Segwit2x Bugs Explained – Bitcoin Tech Talk
As it turns out, there was a bug in the Segwit2x software which caused the client to stop at block 494782. In this article, I’m going to examine the details of what caused the software to stop, why it stopped a block before it was supposed to and what would have happened had Belshe, et al, not cancelled the hard fork a week early.
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Bitcoin price at $8,000: Institutional money poised to enter the market — Quartz
Bitcoin’s seemingly unstoppable bull run continued as it passed $8,000 for the first time around 6pm UTC yesterday (Nov. 19). The price has been flirting with $8,000 for days, probably because several signs point to the long promised arrival of institutional money in the cryptocurrency markets.
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Hong Kong’s bitcoin businesses suffer after local bank accounts frozen | South China Morning Post
Hong Kong’s bitcoin entrepreneurs say they have been forced to open bank accounts overseas to operate their businesses, after local banks froze or closed their accounts, threatening the city’s push to become a fintech hub.
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RSK launching Dec 4th. Will be limited to 21 coins at first since it is new Tech. FUN times ahead : Bitcoin
what are the odds someone immediately converts their BTC to the sidechain and gets most of the 21 coin limit then sells it at a higher price due to the limit in place?
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Bitcoin on the cover of Forbes Argentina
This month’s edition of Forbes Argentina featured Bitcoin, and their interview with Xapo creator Wences Caseres, as their front page cover.
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Standpoint's Ronnie Moas predicts bitcoin will surge another 70%
Standpoint Research raises its 2018 price target for bitcoin to $14,000 from $11,000, representing nearly 70 percent upside to its current price level.
“An argument can be made that the good news is still not fully reflected in the current price,” the firm’s analyst writes.
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Square's Bitcoin Play Could Offer Legitimacy for Cryptocurrencies: Credit Suisse - TheStreet
Square announced it’s piloting a program that would allow users to buy and sell bitcoin in its app. That could offer substantial revenue potential for Square, plus offer some much needed legitimacy for crypto assets.
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CME Group to Launch Bitcoin Futures Contract on December 10 - WorldCoinIndex
It seems that Christmas is all set to come early this year for Bitcoin investors. World’s largest derivatives marketplace - CME Group - has officially announced last month that it will soon be starting Bitcoin Futures contract by the end of this year. Now as per their website, the official date of launch has been locked on December 10 as the trading for the futures contract will begin the very next day on December 11.
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Is Bitcoin Really the 'New Gold'?
All told, I have spoken with more than one hundred investors that were interested in or already owned a cryptocurrency. I haven’t heard, “I’m replacing my gold” or “I’m worried about inflation.” I did hear the word hedge one time, but the speaker was a very sophisticated investor.
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Bitcoin is more powerful than physical money: Overstock CEO | Fox Business
Bitcoin soared to a record on Sunday, touching $8,100 briefly for the first time according to CoinDesk. While investors worry over the cryptocurrency being in a bubble, Overstock.com CEO Patrick Byrne explained why he’s optimistic, during an appearance on FOX Business’ “Mornings with Maria.”
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Bitcoin is hitting new highs—here’s why it might not be a bubble | Ars Technica UK
Bitcoin hasn’t found its killer app, but that might not matter.
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First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000 - CoinDesk
LedgerX just initiated its first long-term bitcoin futures option.
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Why The Crypto Market Has Appreciated More Than 1,200% This Year
The value of the cryptocurrency market has surged this year, rising more than 1,200%.
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FUD From All Sides: In Defense of CME's Bitcoin Futures Plan - CoinDesk
In this opinion piece, Mallers argues CME Group’s plan to offer bitcoin futures will benefit the futures trading industry and the bitcoin community alike – notwithstanding hand-wringing in both worlds about the idea.
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My letter to Investors, Friends and Family regarding the situation in Zimbabwe
At Golix we like to count our blessings and for us its easy because for the 2 years that we’ve been around, we’ve had significant growth every single month. We’re just in the middle of the month, this November but we’ve already exceeded our last month’s volume. Even in the face of our ‘Government Soft Fork Uncertainty’, we continue choose to not be distracted and focus on growth. In the last 48 hours we have made over 5 times the revenue we used to make a few months ago;
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Bitfinex response to the tether insolvency allegations (twitter): : Bitcoin
“Bitfinex is solvent and both fiat and crypto withdrawals are functioning as normal. We are seeing increasing FUD which we believe is a co-ordinated attack to create a market disrupting event”
“Always ask for evidence before drawing conclusions. We are grateful to those who have defended against these reckless allegations. A formal announcement is forthcoming.”
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Meet the Hong Kong start-up hoping to make bitcoin mining environmentally friendly | South China Morning Post
Mining for virtual currencies like bitcoin may not be as messy as its real-world equivalent, but the supply of electricity needed to cool the massive computing power that produces the currency means it has also developed a reputation for harming the environment.
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‘Dark web’ drug buyer caught out at post office | Central Telegraph
DRUG dealers who buy bulk quantities of illegal drugs on the so-called “dark web” are not the “highly sophisticated” cyber crims they think they are, and are somewhere closer to “amateur hour” suburban crooks, a court has heard.
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Counterfeit opioid pills are tricking users — sometimes with lethal results - The Washington Post
The pills or their component parts come to the United States from either Mexico or China, officials say. In Mexico, cartels process the pills and ship them over the southwest border. Chemicals needed to make the pills are typically bought via the dark web from China. When the chemicals reach the United States, many of the fake pills are created in home operations, akin to the meth labs that proliferated about a decade ago.
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Even Investors with Access Want ICO Presale Reform - CoinDesk
Stakeholders in the burgeoning market for initial coin offerings (ICOs) have reached consensus: the practice of presales needs to be reformed.
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Claim your Bitcoin Gold – TREZOR Blog
Bitcoin Gold is a fork of Bitcoin, sharing its history up until the block height 491407 (around October 24, 6 am UTC). If you have held bitcoins on TREZOR before this block, you will have the same bitcoin gold balance as your bitcoin balance (at the time of the fork).
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Up Next: Cryptocurrency Goes to the Moon - Bloomberg
Smart contracts will solve all of life’s other problems.
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What is a SAFT - Business Insider
Venture capital’s creative new way of cashing in on the initial coin offering bonanza, SAFTs are becoming increasingly popular. Here’s what they are.
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Millions Gone? Broker Takes Fire for Bitcoin Cash Freeze - CoinDesk
Editor’s note: The author, a freelance writer in the U.K., has an account at Trading 212 and was in the BCH market on Nov. 12.
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Don't tell anyone about your bitcoin profits : Bitcoin
TL;DR: No matter how much money you make in Bitcoin don’t tell anyone about it. Just explain the benefits of block-chain technology and stop there.
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The Blockchain of Mises and Nash – James Hudon – Medium
This year has been insanely hectic in the cryptocurrency space, and so it is important to sometimes take a step back and look at the big picture. Let’s start from the beginning: What is Bitcoin for?
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How to talk about cryptocurrency at the holiday dinner table | TechCrunch
You’re sitting down to a nice meal and your aunt, always one step ahead, mentions she wants to start investing in Bitcoin. You freeze, a drip of gravy plopping off the ladle. It’s your time to shine.
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New Hampshire Is A Libertarian Bitcoin Paradise, Especially For Preppers
Survivalists think bitcoin could outlast the apocalypse.
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