Kraken Will Help Settle The Verified Mt. Gox Bitcoin Claims

Kraken Will Help Settle The Verified Mt. Gox Bitcoin Claims

The crash of the Japanese Bitcoin exchange, Mt Gox, was probably one of the worst events to happen in bitcoin history to date. In fact, right afterwards, the digital currency proved its incredibly volatile nature by dropping in value significantly.

Well, the people affected by the hack may have something to look forward to in the next couple of days, considering the fact that some of the investors will be receiving a part of their bitcoin investment back. With this in mind, an announcement made by the Kraken Bitcoin Exchange showcases that the verification process being carried out for over 25,750 claims has been completed.

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China Introduces Stricter Rules Against P2P Networks, Thus Limiting Bitcoin Activity

China Introduces Stricter Rules Against P2P Networks, Thus Limiting Bitcoin Activity

During the last couple of years, China has held an interesting position when it comes down to regulating cryptocurrencies. This is no surprise, considering the length of censorship that the Great Firewall of China may impose on their people.

However, it’s worth pointing out that the country’s peer-to-peer (P2P) lending market has grown quite a lot in the last years, thus emerging as the largest in the world. So far, it has been driven by the constant supply of funds coming from retail investors, but also to the demand to financial help coming from SMEs.

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Bitcoin Miners May Consider Switching To Ethereum Mining

Bitcoin Miners May Consider Switching To Ethereum Mining

During the last couple of months, a brand new digital currency known by the name of Ethereum has seen its ups and downs, but so far, it seems like Ether’s value and Ethereum’s popularity are both going forward in full throttle.

According to recent reports, it seems like miners, the people who operate large networks of machines to verify crypto-transactions in exchange for monetary rewards, are taking an interest in moving towards Ethereum. In fact, the recent increases in the prices of Ether have encouraged miners to expand their operations and start mining Ether as well. With this in mind, as miners also make money when the return of the digital currency generated and the cryptocurrency sold exceeds the cost of electricity thus generating profit. As bitcoin’s halving is quickly approaching, mining btc will become more difficult and expensive, which may explain the move.

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What are DAOs and how did The DAO manage to raise $108 million in funds?

What are DAOs and how did The DAO manage to raise $108 million in funds?

DAO, which stands for decentralized financial organization, represents a new concept that is quickly gaining ground in the financial, and developer markets.

To put things better into perspective, what makes DAO organizations special, is the fact that while they do have regulations and bylaws just like all other companies, their legal documents are actually embedded, and hard-coded into the distributed ledger we know as the blockchain. During the last year, financial institutions, enterprise tech companies and startups have all begun focusing on this exciting new technology, and thus started looking for ways to initiate secure transfers, incorporate smart contracts, and improve our current financial infrastructure.

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Satoshi Nakamoto Suspect is Raising Money for a Blockchain, Bitcoin-based Startup

Satoshi Nakamoto Suspect is Raising Money for a Blockchain, Bitcoin-based Startup

While the true identity of bitcoin’s creator, Satoshi Nakamoto, remains a mystery, it seems like one of the early pioneers of the digital currency, who is one of the few people suspected to be Satoshi in the past, is raising money to start a financial company based on bitcoin.

According to recent reports, it seems like Nick Szabo, who also put in quite a lot of work on an early bitcoin prototype known by the name of DigiCash, wants to raise a total of $3 million for his new business.

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Educational Institutions Are Slowly Switching to Blockchain Technology

Educational Institutions Are Slowly Switching to Blockchain Technology

During the last couple of months, the popularity of blockchain technology has grown significantly, considering the vast number of potential uses that it has. According to recent reports, it seems like a bigger number of schools have started, and/or are considering using bitcoin to track students.

To put things better into perspective, recording and verifying student’s credentials, but also issuing certificates, diplomas and other important data, are processes that are both time-consuming, but also quite expensive. This is why certain schools have started using the blockchain for these purposes, as it allows employers to save valuable time, and focus on other aspects of their jobs.

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CoinFac Announces Next Generation Quantum Computers for Bitcoin Mining

CoinFac Announces Next Generation Quantum Computers for Bitcoin Mining

As time passes, bitcoin mining becomes significantly harder due to the way that bitcoin is built. In fact, the profitability of the business has the risk of decreasing substantially in case bitcoin’s worth does not increase once the halving process occurs this summer.

This is one of the main reasons why a company known by the name of CoinFac has recently announced their offer of next generation quantum computing mining technology that will reportedly increase the speed of miners by up to 4,000 times.

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Chicago’s CME Group to Feature a Bitcoin Real Time Index

Chicago’s CME Group to Feature a Bitcoin Real Time Index

During the last couple of months, there has been an increase in the activity of trading bitcoin, which is essential for the development of the digital currency. According to recent reports, it seems like the CME Group, which has reportedly been looking for ways to strengthen their digital foothold, will begin publishing bitcoin market prices, updated in real time.

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Are Craig Wright’s claims true? Is he the inventor of Bitcoin?

Are Craig Wright’s claims true? Is he the inventor of Bitcoin?

In the last couple of years, one of most controversial mysteries of the financial world was a man known by the pseudonym of Satoshi Nakamoto, the person responsible with the creation of Bitcoin.

Ever since Bitcoin began catching wings and developing as a means of sending money to people from all around the world, its creator supposedly vanished. Since that happened, numerous members of the community have been trying their best to elucidate the mystery behind Bitcoin’s creator. So far, the blame has been put on several persons, but none seemed to fit all the requirements, therefore no one has been officially confirmed as Satoshi Nakamoto. Until now.

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Bitcoin mining will become less profitable, due to the halving process. What should the community expect?

Bitcoin mining will become less profitable, due to the halving process. What should the community expect?

The Bitcoin network is built in such a way to meet supply and demand, while also encouraging growth of the digital currency’s value. Because of this, once every couple of years, a process known as halving takes place, meant to reduce the number of bitcoin that are mined.

Halving hasn’t received much media attention, considering the fact that the last one took place when bitcoin was still at its beginning, and not many people were involved with the cryptocurrency. However, the expected date for this change to happen once again is the 11th of July 2016, less than three months away. The initial impact of the act will be to cut down by half the reward that miners receive for verifying crypto-transactions that take place on the blockchain. Basically, their wages will be cut into half- unless the value of bitcoin increases.

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