Crypto News 

The Messiah Cometh: ‘Bitcoin God’ is Among the 7+ Upcoming BTC Forks

“Finance Magnates recently reported three forks that had been scheduled for the month of December, as well as others that are coming up within the next several months: Super Bitcoin (Dec. 15), Bitcoin Platinum (Dec. 23), Bitcoin Uranium (Dec. 31), Bitcoin Cash Plus (Jan. 2nd), and Bitcoin Silver (TBD)” reports financemagnates.com. Hard forks often happen as a rather crude form of governance about the way that a network’s protocol should operate. Source: financemagnates.com Share This:

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Crypto News 

Bitcoin’s Recent Volatility Risks Deflationary Spiral, Could Undermine It as a Currency

“The chart above shows BTC prices going back to the beginning of 2017; the chart below shows BTC prices back to the beginning of the currency” writes Joel Hruska for extremetech.com. Justin Gash, Professor of Mathematics at Franklin College, to chart how Bitcoin prices had changed up to that point and what to expect in the future.Two days ago, Valve announced that it would no longer accept Bitcoin as a currency for its games on Steam.Bitcoin’s price has been rising for the past two months and skyrocketing for the past…

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Crypto News 

Neo-Nazis are also profiting from bitcoin’s massive boom

“The massive boom in the value of bitcoin has ended up profiting neo-Nazis who have taken thousands of dollars in donations, according to an investigation by Mic” writes Shona Ghosh for businessinsider.com. At today’s bitcoin value, that would add up to more than $3 million.According to the @Neonaziwallets bot, Counter Currents holds 5.79 bitcoin across its wallets, which equates to $91,156 (£67,566).One reason neo-Nazis have turned to a largely anonymous and speculative currency to fund their activities: they’re banned from just about everything else.One wallet apparently belonging to Auernheimer has…

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Crypto News 

Valve Will No Longer Accept Bitcoin as Payment for Games on Steam

“Digital gaming giant Valve has announced that some 18 months after adding the ability to buy games on Steam with Bitcoin, it will no longer accept BTC as a method of payment” writes Joel Hruska for extremetech.com. Valve notes it might try supporting BTC again at some point in the future, and that it will continue working with customers on issues related to transaction fees and underpayments. Source: extremetech.com Share This:

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Crypto Futures News 

NYSE’s Jeff Sprecher Reluctant to Introduce BTC Futures: Will He Regret it?

“CME Group also made the decision to introduce its own Bitcoin futures offering on its exchange platform later this month on December 18” reports financemagnates.com. Jeff Sprecher, the owner of New York Stock Exchange (NYSE) and also some of the largest futures markets across the world, said this week that he could possibly regret not launching the Bitcoin futures.Also, the US’ second largest exchange, NASDAQ is considering supporting Bitcoin futures in mid-2018.The statement came as one of NYSE’s competitors in the US market, Chicago Board Options Exchange (CBOE) was poised…

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Crypto News 

Why Bitcoin Might Not Be A Bubble After All

“As you can see above, the Price-to-Metcalfe Value ratio seen in the previous Bitcoin bubble of 2013/14 was far larger than where it currently stands” reports etfdailynews.com. With the recent run up in the Bitcoin price, cryptocurrencies have been garnering much greater attention from the public at large.Bitcoin might look like a bubble on a simple price chart, but when we place it on a logarithmic scale, we see that a peak has not been reached yet.Given this information, what can Bitcoin’s network size tell us about its value and…

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Crypto News 

Now Accepting Bitcoin: the Rise of BTC in Retail

“Overstock.com is known as the first legitimate online retailer to begin accepting Bitcoin payments rather early on” reports financemagnates.com. Later in 2014, online electronics retailer TigerDirect followed suit as the second online retailer to accept Bitcoin payments using BitPay.While some of the mall’s retailers accepted BTC payments in the past, they “often lost their passwords and could not use the coins,” according to local publication Kyeonggi. Source: financemagnates.com Share This:

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Crypto News 

Analyst: Bitcoin Is A “Fraud Decorated With Technology”

“Many other nations have legal tender laws, a feature of the modern administrative state” reports etfdailynews.com. From Tyler Durden : This past week on  Bloomberg Television , I referred to bitcoin as “a fraud decorated with technology.”  The fraud comes about because the exchange of a fiat legal dollar for a token, to use the kind description adopted by the Securities and Exchange Commission, seems unfair and frankly incomplete.Bitcoin is a “currency” that was designed to go ever up in value, to grow rather than shrink compared to fiat currencies. Source:…

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Crypto Markets News Platforms 

Chinese Exchange ZB.com Adds BTC and USDT Markets For XRP

“This will also apply to fees generated by the new XRP trading markets” writes Jp Buntinx for livebitcoinnews.com. Considering Ripple’s asset had a good year so far, this new exchange may positively affect the XRP price.Transactions for XRP will go live later today, with both BTC and USDT markets opening at 12:00 Beijing Time.With Chinese exchange ZB.com adding this digital asset, things are looking pretty exciting. Source: livebitcoinnews.com Share This:

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