Bitcoin prominent influencers suspend Segwit2X hard fork

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In a fortuitous turn of events, leading Bitcoin entrepreneurs and influencers have reached an agreement to hold off the highly controversial Segwit2X hard fork software update due to lack of consensus within the cryptocurrency community. The suspension was announced yesterday in a thoughtful email written by vocal 2X proponent and CEO of popular Bitcoin wallet BitGo, Mike Belshe. The entrepreneur cited […]

‘Buy Bitcoin’ surpasses ‘Buy gold’ as most popular search term

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The phrase “buy bitcoin” has surpassed “buy gold” on Google search, according to statistics released by the search engine giant, as the global demand for gold fell to its lowest level in eight years. The U.K.’s BullionVault says bitcoin has become another “headwind” for gold, Bloomberg reported Tuesday. It noted that the surge in popular […]

The latest Bitcoin Fork was just postponed indefinitely

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It ain’t easy being Bitcoin. The cryptocurrency has undergone several forks in the course of the last year while simultaneously skyrocketing in value and was on course for potentially another fork set to take place in mid-November. It’s that last part which has run into a pretty serious speed bump. Known as Segwit2x, the plan was to both double the Bitcoin block size […]

Silk Road Secret Service Agent Sentenced for Laundering Money While Prosecuting Ross Ulbricht

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A Secret Service agent, key in prosecuting Ross Ulbricht during the infamous Silk Road case, was himself sentenced to prison 7 November 2017 for money laundering crimes while investigating Mr. Ulbricht. Courtesy of Ars Technica. Silk Road Agent Sentenced, Again, to Prison Time Senior Business Editor at Ars Technica, Cyrus Farivar “was the sole member of […]

Toronto-area police warn of Bitcoin tax scam after more than 40 people defrauded

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AURORA, Ont. – Police say more than 40 York Region residents have fallen victim to a Bitcoin tax scam, sending over $300,000 to fraudsters since August. Police say they have seen a significant increase in reports of scammers identifying themselves as employees of the Canada Revenue Agency. The suspects tell victims they have overdue taxes to […]

Bitcoin Rebounds Back Above $7500 As Goldman Eyes Next Wave Higher

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Bitcoin has roundtripped $1200 from record highs near $7600, down to $6900, and back up to $7500 this morning on the heels ofrenewed interest in China crypto trading and a technical report from Goldman suggesting $7941 as a short-term target. Two months ago, when Chinese regulator issued the “Seven Regulatory Bodies” Announcement and shut down the Bitcoin trading, the […]

$7,500 & Rising: Bitcoin Price Ready to Explode Records

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Having refused to succumb to bearish technical pressures, the world’s largest cryptocurrency is better bid today. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $7,460 levels on CoinDesk’s Bitcoin Price Index. As per CoinMarketCap, BTC has gained 4.12 percent in the last 24 hours. Over that period, prices have climbed by over $270 amid growing opposition to […]