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Bitcoin Creator now in the top 50 Richest people, whoever they are...

When it reached a high of $19,771 yesterday, Bitcoin made the creator of the cryptocurrency the 44th richest person on the planet – if you go by Forbes’ list, noted Quartz. The problem? Even after eight years since it was launched, we still don’t know who that is. Over the past few years, many people have been suspected to be the inventor, who goes by the pseudonym Satoshi Nakamoto. The list includes cryptography student Michael Clear, Finnish game developer Vili Lehdonvirta, and even a trio identified by Fast Company. The closest the world might have got to unmasking Nakamoto was...

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Bitcoin Cash Set To Close Out 2017 With Huge Infrastructure Support

Bitcoin Cash has seen a significant growth throughout the year; from merchant acceptance, cryptocurrency business integrating support, and many other additions to the BCH economy, which show that Bitcoin Cash will no doubt have some robust infrastructure for the year ahead. The price of Bitcoin has jumped significantly, topping at $2,000 per BCH. With figures like this, it is easy to see that it still commands the fourth largest market capitalisation this month, with the market cap surpassing $31billion. The trade volume has been incredibly high all week, and today, it has traded over $2.4billion worth of BCH. An astonishing...

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Bitcoin And Ethereum Transfer Fees Opening Door To Dash, EOS And Other Coins

The news that Bitcoin and Ethereum have increased their transaction fees could seriously hinder their popularity, and trading ability. It has also allowed the lesser known and less popular cryptocurrencies, such as EOS and Dash to come forward and grow in popularity, especially since they have just announced that they are reducing their costs. Bitcoin have increased their transaction fees to $5 per transaction. This increase makes this cryptocurrency completely unsuitable for smaller transactions, which will reduce the chances of this virtual currency becoming an everyday currency, in the same way traditional ones are. The question that is worrying Bitcoin...

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"Bitcoin Is No Currency!"

This bold statement has been made by Chris Iggo, the chief investment officer of Axa Investment Management. Despite admitting that those following Bitcoin would have been nothing but amazed at the recent price surge, he goes on to say that it is hard to see the digital asset as a currency, saying;  “[Money should act as] a store of value and a means of exchange…[it’s] hard to see that Bitcoin satisfies those criteria”  He believes that we are witnessing a digital bubble, and fears that our jobs might be taken by robots. He says;  “It is fair to conclude that...

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What Is Stopping Bitcoin From Becoming A Mainstream Currency?

There are a number of major roadblocks that are preventing Bitcoin from becoming a mainstream currency. Business Insider UK spoke with Garrick Hileman, who is a member of the University of Cambridge Research Fellow, about cryptocurrencies, and how Bitcoin could become a mainstream currency. He believes that there are two key factors that are holding Bitcoin back from becoming a mainstream currency, and would limit the ability for it to be used for everyday purchases. One of these factors is the high-transaction fees for every Bitcoin exchange. He writes; “It is used for payments but with transaction fees running as...

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