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Three Armed Men Attempt To Rob A Bitcoin Exchange

Many people fear about investing in cryptocurrencies, as they are so volatile and the risk of hacking is so high; however, one of the threats that you might not consider, and are unlikely to associate with virtual currencies is the threat of armed robbers physically stealing your investment. However, this is exactly what happened in Canada, when three armed men stormed in to a Bitcoin Exchange. Earlier this week, three men, who were all armed with handguns entered a Canadian Bitcoin exchange office in Ottawa, where they then restrained four of the employees. They struck one of the employees, before...

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Apparently Neo-Nazis Love Bitcoin

As the value of digital currencies surged towards the tail-end of 2017, it wasn’t just honest investors who were celebrating. Extremist groups the world over have made massive profits thanks to the unprecedented rise in the value of cryptocurrencies. According to Heidi Beirch, Director of the Intelligence Project at the Southern Poverty Law Center, alternative currencies such as Bitcoin have enabled such groups to raise and transfer money (not to mention spend it) at a speed that has never before been witnessed. The Intelligence project has been monitoring over 200 Bitcoin wallets belonging to alt-right members and has discovered that...

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The First Agricultural Commodity Blockchain Transaction Has Taken Place

A routine soybean shipment from the USA to China has been made famous as it is the first commodity deal that has been facilitated by blockchain technology. This is the first of its kind. Pilot runs have been investigated for some time now, but this seemingly insignificant shipment of soybeans marks the first end-to-end real world transaction. The transaction happened on the back of tech, which was developed by the banks themselves. The transactions are normally incredibly paper-heavy, and digitising this transaction shortens this administrative aspect of the trade to around 20 percent of a typical transaction. This recent transaction...

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Does Bitcoin Use Too Much Energy?

Experts have been warning that the Bitcoin network has caused a massive surge in energy consumption; despite the fact that it actually only uses about 0.14 percent of global electricity. So, why are people believing that it is using too much? Well, the truth is that Bitcoin does use a surprising amount of energy, despite that on a global scale it is still a relatively small amount. Figures suggest that it took approximately 250 kilowatt-hours of energy to process a single action in early December of 2017. Other figures suggest that the network actually consumes more electricity than the whole...

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These Are The Predictions For Ethereum

Live since 2015, Ethereum has been a volatile and unpredictable platform of cryptocurrency since its inception. While it's impossible to say one way or another whether any currency or investment is headed for great things, there are positive indications that 2018 may be a good year for Ether. Exact price predictions are difficult to pinpoint, since the price of Ether can fall by as much as 25% in 24 hours, as it did more than once in December of 2017. However, Ether has been growing exponentially in recent months and looks set to continue that trajectory in 2018. In broad...

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