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Bitcoin Cash Is The Original According To Reports

The Bitcoin origin debate took another turn after the National Institute of Standard and Technology (NIST) highlighted that Bitcoin Cash, and not Bitcoin, is the original blockchain created by Satoshi Nakamoto in the latest draft of its blockchain technology primer. Despite Bitcoin Cash only coming into play after an August hard fork, and a clear picture that Bitcoin is indeed the original Nakamoto cryptocurrency, has left the NIST looking a little silly after the 57 page 'Blockchain Technology Overview' was found to have incorrect information within it. The stance is highly questionable, thanks to Bitcoin Cash only being created through...

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Finally A Bitcoin Exchange In China

BTCC, the first Bitcoin exchange based in China, has announced, following a crackdown on cryptocurrency trading regulations, that it has been bought out by an as-yet unnamed blockchain investment firm based in Hong Kong. The company, formed by US citizen Bobby Lee in 2011, was formerly known as BTC China. The details of the purchase have been kept secret, with neither terms nor amounts being disclosed. BTCC is now going to focus its attention exclusively upon international markets. The company’s three main products – USD Exchange, Mobi, and BTCC Pool – will now become its priority concerns, the division being...

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Turkish Soccer Team Sign A Player Using Bitcoin

Harunustaspor have signed 22-year old Omer Faruk Kiroglu for 2,000 liras (£377.6) worth of Bitcoin and 2,500 liras in cash, for a sum total of 4,500 liras. https://twitter.com/Sporf/status/958360989468188672 Club chairman Haldun Sehit declared that the move was the first of its kind by a sports club in Turkey and worldwide. “We did it to make a name for ourselves in the country and the world... We are proud of this,” he was quoted as saying. “This is a first for me and for the world,” Kiroglu said Turkey’s government have in the past warned against the use of the cryptocurrency....

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Starbucks Is Open Into looking At CryptoCurrencies

In a recent conference call, Howard Schultz – the executive chairman of global coffee chain, Starbucks – stated quite categorically that he did not feel that Bitcoin was in a position to establish itself as a legitimate currency. Whilst he thinks that there may be one or two of the current crop of cryptocurrencies that might one day become a recognised and dependable financial solution, he does not think that Bitcoin will be one of them, insisting that it is currently in a bubble. However, despite his lack of faith in Bitcoin itself, Schultz does have an interest in the...

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Bitcoin Mining Costs For Different Countries

In a recent survey, Elite Fixtures took the time to examine 115 countries across the globe, to confirm which of them provides the greatest and the least profit when mining bitcoin. Essentially, it was a survey on energy costs, since the expense of mining a single bitcoin is ultimately determining the electricity spent operating a mining rig to do the necessary proof-of-work validations to add blocks to the blockchain. Therefore, this survey determines the most expensive and the cheapest countries for utilising that amount of energy. With that criterion in mind, Venezuela was the cheapest country to mine altcoins by...

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