Bitcoin

Exchange Strains Drive Kraken to Cut Crypto Trading Pairs

Exchange Strains Drive Kraken to Cut Crypto Trading Pairs Kraken is removing a number of trading pairs as part of a broader effort to shore up the stability of its cryptocurrency exchange platform. Citing the need to “help mitigate the strain on our platform caused by recent exponential growth”, the exchange is removing 11 trading…

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Ripple's XRP Price Climbs 40% on Surge in Korean Trading

Ripple's XRP Price Climbs 40% on Surge in Korean Trading The price of XRP is up more than 40 percent in the past 24 hours, a move that comes amid a period of heightened volume in global cryptocurrency markets. Data from CoinMarketCap reveals that of XRP – the cryptocurrency of the Ripple network – is trading…

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The IRS Has Been Using Bitcoin Tracking Software Since 2015

The IRS Has Been Using Bitcoin Tracking Software Since 2015 The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report. Documents obtained by Washington publication The Daily Beast show that the tax agency has been using the startup’s software since 2015. Additional data from the General Services…

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The Newest Version of the Opendime Bitcoin Wallet Is Out

The Newest Version of the Opendime Bitcoin Wallet Is Out Coinkite is launching a new version of its Opendime bitcoin hardware wallet. The third iteration of the popular USB stick wallet, the latest model will feature a range of changes on the hardware front, as well as some adjustments to its software, a company blog post said. Among…

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Mark Cuban Backs Former Coinbase Employee's $20 Million Token Fund

Mark Cuban Backs Former Coinbase Employee's $20 Million Token Fund A former employee of bitcoin’s best-funded startup is seeking to raise $20 million for a fund that will invest exclusively in cryptographic assets. Headed by one-time Coinbase product manager and Runa Capital principal, Nick Tomaino, the fund, called 1confirmation and launched officially today, already boasts impressive…

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Mark Cuban Backs Former Coinbase Employee's $20 Million Token Fund

Mark Cuban Backs Former Coinbase Employee's $20 Million Token Fund A former employee of bitcoin’s best-funded startup is seeking to raise $20 million for a fund that will invest exclusively in cryptographic assets. Headed by one-time Coinbase product manager and Runa Capital principal, Nick Tomaino, the fund, called 1confirmation and launched officially today, already boasts impressive…

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Bitcoin's Battle Over Segwit2x Has Begun

Bitcoin's Battle Over Segwit2x Has Begun “Download BTC1,” that’s all it took. Part of a statement in a larger BitPay blog post last week, the words were meant to urge the bitcoin processor’s users to upgrade their software ahead of a scheduled code upgrade. It’s safe to say, however, that they didn’t have the intended effect – setting off a…

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Bitcoin's Battle Over Segwit2x Has Begun

Bitcoin's Battle Over Segwit2x Has Begun “Download BTC1,” that’s all it took. Part of a statement in a larger BitPay blog post last week, the words were meant to urge the bitcoin processor’s users to upgrade their software ahead of a scheduled code upgrade. It’s safe to say, however, that they didn’t have the intended effect – setting off a…

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Bitcoin Prices Dip Below $4,000 to Hit 7-Day Low

Bitcoin Prices Dip Below $4,000 to Hit 7-Day Low The price of bitcoin is back below $4,000. Following a period of record highs, average prices across global exchanges declined at the start of trading on August 22, having already dipped more than $150 already from the day’s open. At press time, bitcoin was trading at…

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Bitcoin Cash Wins Mining Power as Price Falls Back Below $600

Bitcoin Cash Wins Mining Power as Price Falls Back Below $600 Bitcoin may be winning the battle for investment dollars, but when it comes to attracting mining power, competition is heating up. After the bitcoin cash blockchain experienced a major adjustment this weekend, the less than one-month-old cryptocurrency has seen a dramatic reduction in mining difficulty, and perhaps more…

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