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Trezor wallet integrates Bitcoin Gold

Trezor, the makers of a popular hardware wallet, have revealed that the source code for Bitcoin Gold (BCG) has been publically released and so they will add full support for the new currency in the coming weeks. The Bitcoin Gold hard fork was originally expected to occur late in October, intended to provide a new system where mining is more decentralized across a larger community by closing the gap between GPU, CPU and ASIC miners. The launch of BCG was delayed by many weeks and so the development team struggled to give an exact date for when the hard fork...

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Why is there such demand for Bitcoin?

One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply. It’s reasonable to wonder - as the hard fork between Bitcoin and Bitcoin Cash is solemnised by last weekend’s convulsions - why Bitcoin’s value has kept on rising. There’s been a 23-fold increase in price over last two years - is it over now? Will BCH steal its thunder and leave Bitcoin gasping? Probably not… Of course what has risen is the price; as to the value, that has yet...

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Bitcoin on the up after declines

The last week or so has been a tumultuous one for Bitcoin. According to recent analysis, the price of Bitcoin has always increased substantially after any dips greater than 20%. On average, the currency showed 61.5% gains after each substantial dip. This astounding cycle has led to an increased desire among users to purchase Bitcoin during the lows to receive the gains that are to be had when the currency bounces back. The most recent drop caused by the SegWit2x proposal being put on ice appears to be no different. The price fell by more than 20%, but appears to...

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Could CME's futures market help Bitcoin bears?

One massive beneficiary of the upward trend this year in Bitcoin is long-only investors. By taking a positive view on the cryptocurrency looking into the future, they have ridden the coattails of the surge in Bitcoin's market price during 2017. One major reason behind this success in taking the long view with Bitcoin is that there is no effective way to short large amounts of Bitcoin as a bear in the market. Why is Bitcoin hard to short? At present, there is no easy or efficient way to short large quantities of Bitcoin. Although traders can technically try to do...

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Bitcoin Gold fights launch spam

The second major Bitcoin fork, the Bitcoin Gold (BTG) altcoin, quietly launched into an industry that was largely confused by the ongoing events surrounding Bitcoin Cash. Bitcoin Gold was largely shunned by the cryptocurrency community as a whole. As Bitcoin Gold is not directly affiliated with the original Bitcoin blockchain, the community felt that BTG was lacking the technical robustness that they have come to expect. Since that rocky start, however, the currency is now mineable. However, prices are yet to show the significant support from the community that Bitcoin would have been hoping for. Over the weekend, the currency...

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