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Intuit Develops a Method to Send Bitcoin Via Text Messages

Intuit Develops a Method to Send Bitcoin Via Text Messages

Business and financial software developer from California Intuit has been granted a patent for processing bitcoin installments via text message.

Published by the U.S Patent and Trademark Office (USPTO) on Tuesday, the patent details how a network of virtual accounts could empower two users to transfer funds utilizing their phones. The patent was filed in 2014, not long after the company had launched its QuickBooks Bitcoin Payments service that allowed small businesses to accept bitcoin instead of fiat currency.

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Freedom of The Press Accepts Crypto To Help Defence Free Speech

Freedom of The Press Accepts Crypto To Help Defence Free Speech

Freedom of the Press Foundation (FPF) launched a cryptocurrency donation page to raise money for support and protection of free media. “We use crowdfunding, digital security, and internet advocacy to support journalists and whistleblowers worldwide,” states FPF’s website. 

From now the nonprofit organization accepts Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and ZCash. All donations are intended to advance press liberty. FPF reports that they are not alone in this boat: Mainframe, a company resisting censorship, generously donated as much as 1,000 ETH to the Foundation, who they share interests with. 

There Is A Lot More Fiat Crimes Than Crypto, – Mary Beth Buchanan Says

We should “get rid of the negative connotations”, said Mary Beth Buchanan, former U.S Federal Prosecutor about Bitcoin on Monday, June 4 at the conference Money20/20 Europe in Amsterdam

In the past, she used to deal with a great number of crimes and states that saying there are more crypto crimes than usual ones is rather unfair, since, unlike fiat, cryptocurrency can be traced. read more

Have You Heard of Bitcoin? Research by IMG

Have You Heard of Bitcoin? Research by IMG

As blockchain-based technologies are being developed at a faster pace every day, the popularity of cryptocurrency grows in a geometric progression. ING International Survey prepared a research named “Cracking the code on cryptocurrency”, in which examines people’s engagement in the crypto industry. They carried out a survey across Europe, the United States, and Australia, and here are the results: read more

Ruling Party of India Accused of Money Laundering

Ruling Party of India Accused of Money Laundering

The ruling Indian political party Bharatiya Janta Party (BJP) is being accused of money laundering through Bitcoin by another, The Indian National Congress (INC) party, the largest one in the country. Congress Party claims that the BJP is converting “black money” in the Western state of Gujarat. INC spokesperson Shaktisinh Gohil stated that the accused party’s leadership was involved in a bitcoin scam which is worth between $727 million and $12.79 billion. read more

A Hacker Sold 63,000 Cards’ Data For Cryptocurrency

The 26-year-old hacker Grant West from Great Britain used phishing attacks to steal the data of 63,000 bank cards by sending emails in the name of a food delivery company, and gullible victims entered their cards’ numbers to order non-existent food. After obtaining the data, Grant West sold it on DarkNet platform Alpha Bay. The thief was sentenced to 10 years and 8 months in prison, while his bitcoins worth $600,000 are taken away. 

The Fault In Our Futures – Bitcoin Drops 20%

The Fault In Our Futures – Bitcoin Drops 20%

 Thomas Lee, head of research at Fundstrat Global Advisors and one of the most influential crypto analysts named the probable cause for the recent weakness in Bitcoin. According to Lee, the expiration of cryptocurrency linked futures affected the coin which consequently dropped 20% last week. 

Since the launch of CME futures on CBOE, 6 contract expirations have occurred, and the last one – on June 13 – took place in the period of all cryptocurrencies’ particular instability. That day Bitcoin was worth $300 less – it fell from $6,600 to $6,300. read more

Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Ebang Communication, a large Bitcoin mining hardware manufacturer based in China, applied for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) on June, 25. 

Details on how much Eband is seeking to raise and what is the precise valuation of the company are still unknown. According to Ebang’s IPO application filing, they had earned $141 million in 2017 – almost 18 times more compared to 2016. The company is announcing the release of Bitcoin miners equipped with next-generation 7nm semiconductor chips, developed by Japanese tech conglomerate GMO and launched this spring.

The Enigmatic Creator of Bitcoin Issuing a Book

The Enigmatic Creator of Bitcoin Issuing a Book

The post on nakamotofamilyfoundation.org introduces an excerpt of the book apparently written by Satoshi Nakamoto, the creator of the first and still biggest cryptocurrency – Bitcoin. 

Up to this day the crypto community isn’t aware of Satoshi’s actual origin, name, nor if it’s a single person or a group of people. Yet the post clarifies that the pseudonym “…is not a real name. Specifically, not a legal name. It is primarily the essence of thoughts and reason.” read more

3 Bitcoin Mining Companies Appear on the Unicorn List

3 Bitcoin Mining Companies Appear on the Unicorn List

For the first time, bitcoin mining projects have been added to the list of “unicorns” – a rating of privately owned companies valued over $1 billion.

Climbing up to the Top 

Hurun Research Institute based in Shanghai published a report featuring 3 Chinese cryptocurrency companies: Bitmain is ranked 13th on the list since its value reached as much as 70 billion yuan (approximately $10.3 billion). Two other firms to be listed are Canaan Creative valued at $3 billion and Ebang worth circa $1.5 billion, which are at the 32nd and 53rd positions respectively. 

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Utopian Ideas – Or Not So Much? Cryptocurrency's Feature that We All Misunderstood

Utopian Ideas – Or Not So Much? Cryptocurrency's Feature that We All Misunderstood

This morning, bypassing the dull routine, I had directly dived into the seething pool of unhackneyed minds’ outgivings on Medium and ran into an article that seized my attention: "Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency." I ingested the text for breakfast and by the lunchtime had already formed my response. So, what does the author consider the most mind-blowing feature of cryptocurrency? I wish he let us know the answer somewhere at the beginning of the 16-minute long read, but alas. And I won’t be indulgent either. read more

Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund Holds Its Assets in Cash

Rivemont Crypto Fund, a Canadian company owned by Rivemont Investments, keeps approximately 91% of its assets – $2.3 million – in fiat currency, and only the insignificant rest in Bitcoin.

Rivemont Putting an Eye on the Altcoins

Rivemont Investments offers investment strategies basing on the market’s volatility. Its subsidiary Rivemont Crypto Fund, established in December 2017, is the only active cryptocurrency fund in Canada, according to the official data. The fund trades Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum Classic (ETC), and is registered in 3 provinces with the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission.  Rivemont Crypto Fund is considering investments in Initial Coin Offerings (ICOs) and alternative coins such as Neo and Dash.

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Blockchain Is the New Superstar: Cryptos Getting Their Own TV Show

Blockchain Is the New Superstar: Cryptos Getting Their Own TV Show

Cryptocurrency ascents and falls from grace, and perhaps the comeback story of the year as Bitcoin survives the assault of abuse from regulators and cynics is nothing short of Hollywood drama. An industry platform the Bitcoinist is introducing a crypto’s own show: Coincast TV starring Blockchain and Bitcoin.

The Crypto Show Produced by the Professionals  

The new weekly business tv program is set to showcase blockchain firms, crypto assets, and Initial Coin Offerings (ICOs) to an audience all over the world, as indicated by the Bitcoinist.

Coincast TV, made by ICO advisor DigitalX and a reputable crypto business news platform Multiplier Crypto, will be broadcast on Sky News Business and syndicated crosswise over Apple TV, the Wall St Journal and related social platforms, reaching around 200 million watchers globally. read more

Sorry, No Frappuccinos: Starbucks Will Not Be Accepting Crypto

Sorry, No Frappuccinos: Starbucks Will Not Be Accepting Crypto

Apologizing, Starbucks has cleared up that it won't be accepting Bitcoin (BTC) or any other digital money, disproving the deceiving reports published by Bloomberg and CNBC.

Headlines Leading to Confusion

August 3, the Intercontinental Exchange (ICE) operating New York Stock Exchange (NYSE) reported its plans to build a new “global platform and ecosystem for digital assets” called "Bakkt," together with global companies including Starbucks, BCG and Microsoft. read more

Bitcoin Boom in Venezuela

Bitcoin Boom in Venezuela

Venezuela is one of the richest oil-producing countries that struggles political and economic issues. Big issues. 

Poor Rich Country

According to Bloomberg, the inflation rate in the country is about to hit 1,000,000%. The forecast about inflation-situation is very grim. By the end of the year, it may be more than 1,370,000 %. 

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Honeyminer Making Crypto Mining Easy

Honeyminer Making Crypto Mining Easy

Honeyminer, a crypto mining application that gives clients the chance to earn bitcoin with laptops, is quickly gaining popularity.

Rapid Success

The app was launched in June, and its client base has reached 50,000 since then. A third of the new users are located in developing markets, and 5 percent hail from Africa, according to the company.

"We've stumbled into something that was far bigger and more international than we imagined." Honeyminer co-founder stated.

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Steve Wozniak Trusts Blockchain over Humans

Steve Wozniak Trusts Blockchain over Humans

Steve Wozniak, Apple Inc’s co-founder, computer engineer and inventor claimed that he trusts bitcoin over the today’s financial system.

‘It’s Kind of Like the Internet’

Explaining, Wozniak expressed his fascination and trust concerning Bitcoin’s underlying technology: “it’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year. Bitcoin was immune to that.”

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People Use Bitcoin 87% less in 2018

People Use Bitcoin 87% less in 2018

The volume of trading on crypto exchanges is 80% lower this year, and analytics mark a significant decrease of people using decentralized apps (DApps).

Cryptocurrencies Are Waning

About half of the crypto market volume accounts for  5 top cryptocurrencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, making over $12 billion rotate within it. One third of the sum accounts for Bitcoin and one tenth – for Ether. Consulting agency Diar confirms that all altcoins’ prices depend on Bitcoin’s fluctuations.  

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Bitfinex Holding the Line to Defend Against Rumors

Bitfinex Holding the Line to Defend Against Rumors

Cryptocurrency exchange Bitfinex has been accused of being insolvent in a series of articles on Medium. In Sunday’s blog post, the company denied the rumors by providing counter-arguments.   

It’s All Good

Bitfinex stated that it is not insolvent, and “as one of only a very few exchanges operating since 2013, with a small team and low operating costs,” they do not understand the accusation, which, in their opinion, is unfounded. 

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Physical Bitcoin Is a Reality Now

Physical Bitcoin Is a Reality Now

The inventor and chief of Tangem startup Andrew Pantyukhin explained how you can carry your Bitcoins (BTC) and any other cryptocurrency with you everywhere. Literally. 

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Binance Has Opened Fiat-to-Crypto Exchange in Africa

Binance Has Opened Fiat-to-Crypto Exchange in Africa

The largest cryptocurrency exchange Binance is opening a branch in Uganda this week, as was announced on the official website today, October 15.

Maintaining the Economy

According to the release, the exchange in Uganda has already begun the know-your-customer (KYC) procedures, and will start accepting deposits and withdrawals of the local currency, Ugandan shillings (UGX), in two days. Initially, the branch will support only Bitcoin (BTC) and Ethereum (ETH), but other currency pairs will be added in time. 

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Bitcoin Rose Above $6,900 in Two Weeks

Bitcoin Rose Above $6,900 in Two Weeks

Drop It Like It’s Hot

Monday morning saw an extreme rise of the largest cryptocurrency by the market capitalization Bitcoin (BTC). The price for 1BTC reached over $7200 on Bitfinex exchange.  

At the press time, the price of BTC is slightly dropped. The current BTC market price is $6925 (according to bitfinex.com). 

Recent news around BTC confused Twitter users as they asked to explain what had happened to Bitcoin: