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Ron Paul backs Bitcoin retirement accounts

Recent news in the cryptocurrency world has seen former US presidential candidate Ron Paul give his backing to a company offering Bitcoin-based retirement investments. Still a high profile name, Paul's backing for this type of investment activity has caused quite a stir in financial circles. Paul endorses Goldco subsidiary Following his comments that were positive in terms of contacting the cryptocurrency company that he had been hired by, it was reported that the company itself was an off-shoot of Goldco. Traditionally, Goldco is an organisation that offers IRAs based on traditional precious metals, so this is an interesting move by...

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Bitcoin Gold clarifies pre-mining

When Bitcoin Gold was first discussed prior to its launch, confusion ensued in the cryptocurrency community with users trying to determine what exactly it was that Bitcoin Gold meant by “pre-mining”. The confusion stemmed around the definition of the term and what it meant the new blockchain was attempting to do when it came to mining the new coins. A final clarification on this issue came through Bitcoin Gold’s website. According to the full, detailed explanation given on the site, the pre-mine was actually a post-mine as it didn’t occur until the fork had been finalised. After the fork completed,...

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Roger Ver declares Bitcoin Cash to be the "True Bitcoin"

This year has been a tumultuous one, especially for Bitcoin. Different groups within Bitcoin’s original community have not been able to even remotely agree on which protocol should be implemented in order to solve Bitcoin’s scalability problem. One particular group felt strongly that bigger blocks were the solution to the problem and so hard forked away from the original Bitcoin blockchain to create Bitcoin Cash (BCH). Bitcoin Cash was born in August 2017 and since then there has been a tug of war between the different sides of the dividing line, with many key users and insiders publicly taking sides...

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Bitcoin Broke Coinbase CEO Brian Armstrong’s Heart, So He’s Now Focused on Ethereum

For anyone who has been paying attention to digital asset onramp Coinbase over the past year or so, it’s obvious that the company has fallen in love with Ethereum and Bitcoin is no longer the main area of focus. During the recent DFJ Summit, angel investor and This Week in Startups Host Jason Calacanis asked Coinbase CEO Brian Armstrong to explain why his love for Bitcoin has faded. Armstrong’s own preference for Ethereum is well-documented at this point. According to Fortune, he currently holds more ether than he does bitcoin. On top of that, fellow Coinbase co-founder Fred Ehrsam has...

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Developers turning to hard forks rather than ICOs for fundraising

Originally, companies who need to fund their development cryptocurrency projects did so by providing Initial Coin Offerings (ICOs). For those who need to do this fundraising, a new trend is emerging: the hard fork. The forks imply a protocol change that results in an old and a new version of a cryptocurrency. The developers have no monetary advantage as they only make a change. The holders of the original cryptocurrency keep hold of coins on both branches. This was especially true with Bitcoin Cash; this was a true Bitcoin fork that provided larger blocks. As the developers simply made a...

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