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Bitcoin Investors Eye Turkey As Lira Plummets 20%

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By Billy Bambrough Bitcoin and cryptocurrency trading volumes on Turkey's exchanges has surged over recent days as the country battles to contain a currency crisis that looks set to continue into this week. Koinim, Turkey’s largest exchange, has reported a 63% increase in Bitcoin trading volume, while the BTCTurk and Paribu exchanges have said their volumes are up 35% and 100% respectively, according to CoinMarketCap data . Unlike Iran, where a ban on bitcoin and cryptocurrency trading means those wanting to buy bitcoin must turn to peer-to-peer exchanges like LocalBitcoins, banks in Turkey often still work with local exchanges, meaning fresh adopters can begin buying and trading more easily. As a result, bitcoin trading volume in Turkey on LocalBitcoins has not increased as much as it has on local exchanges. Bitcoin volume on global peer-to-peer exchanges like LocalBitcoins has not increased as much as local Turkish exchanges in recent ...

Bitcoin Is A Beautiful Mess

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By   Hans Hauge Bitcoin under fire In a recent article from The Washington Post, Bitcoin (BTC-USD)(COIN)(OTCQX:GBTC) was called a Total Disaster. The Author of this piece, Matt O'Brien cites the high price volatility, price manipulation, and the insanity of Libertarians who seem to believe that it's possible to live in a society without trust. I'll save my criticism for now. In fact, let's run with this idea. To tell you the truth, there are a lot of things going on right now in the cryptocurrency space that are real issues, big issues. If you're an investor, then you should care about managing risk. After all, it was Warren Buffett who said:     “Rule No. 1: Never lose money. Rule No. 2: Don’t forget rule No. 1”. - Fool.uk quoting Warren Buffett The problems with Bitcoin today Bitcoin is not an investment for the risk averse. In fact, for many people; investing at this stage might not make sense at all. Here's why:     Because ...

Starbucks Tries to Clean Up Its Bitcoin Mess

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By Alice Tozer / Fortune Starbucks would like to clear up all this Bitcoin confusion. The coffee chain, in an an email to tech and science publication Motherboard, said that “it is important to clarify that we are not accepting digital assets at Starbucks. At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves. […] Customers will not be able to pay for Frappuccinos with bitcoin.” What necessitated that explanation? Starbucks announced on Friday that it would be trading in Bitcoin, alongside Microsoft and International Exchange (owner of the New York Stock Exchange), in a partnership called Bakkt. A flurry of news headlines suggested that the announcement meant that customers would be able to pay for their coffees using Bitcoin. The excitement may have come about because, as Motherboard put it, to date “it’s basically impossible to buy anything normal with it [Bit...

Bitcoin, Bitcoin Cash And Ethereum Go To Washington

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Billy Bambrough Cryptocurrencies, namely bitcoin, bitcoin cash and ethereum, are becoming accepted in the Washington D.C. halls of power — evidenced by the member of Congress and the chair of the House Judiciary Committee Bob Goodlatte's crypto holdings.  Goodlatte owns between $17,000 and $80,000 in cryptocurrency,  according to his annual financial disclosure . The filing was made in May, ahead of new rules from the House Ethics Committee requiring members of the House to disclose their ownership of cryptocurrency in annual reports, the same way they would disclose any other asset. The new rules also require lawmakers to report cryptocurrency transactions within 45 days, as is given for other financial transactions. Goodlatte’s son, Bobby Goodlatte, is  reportedly  an investor in cryptocurrency wallet provider and exchange Coinbase, though the details of Bobby Goodlatte's investment are not public. Goodlatte is also a member o...

Can your computer mine Bitcoins?

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By  Moris Beracha .-  Since the arrival of Bitcoin, computers now have another function: to make small amounts of money with cryptocurrencies. However, mining is not as simple as turning on a computer. Your computer hardware is a key factor when mining and will make the difference between making money with cryptocurrency or even losing money. Computer Hoy  explains that to mine Bitcoin or any other cryptocurrency your computer must be permanently solving algorithms that will limit the processing capacity of your hardware. The more efficient it is in solving those calculations, the greater the reward. In the case of bitcoins, one or several high-end graphic cards are required to increase mining capacity and computational processing of the computer. To know if the capacity of a hardware is profitable for bitcoin mining, the internet has calculators that will help any user. It is recommended to visit the NiceHash profitability calculator, one of the ...

Bitcoin: How do you buy Bitcoin? Is it easy to buy Bitcoin? Quick guide here

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BITCOIN has swept the world with its volatile, unpredictable but potentially profitable price swings. How do you buy bitcoin if you are looking to invest? By Owen Gough  The cryptocurrency market is an incredibly unpredictable world, where bitcoin prices and fluctuate wildly in an instant. The bitcoin craze has simmered down in recent months after prices slumped to more than half of the 2017 peak of $19,000. Investor confidence has waned, but there is still plenty of opportunities for new traders to buy and sell bitcoin in an attempt to make a profit. The UK is not particularly active in the cryptocurrency market, with Britain usually placed at the bottom of the top 10 most active markets, according to CryptoCompare. Like all other markets, there is potential for investors to lose a lot of money on bitcoin and cryptocurrencies, so it is always advised to stay cautious. Indeed, many experts warn new traders to stay away from bitcoin, which is notoriou...

First purchase with Bitcoin turns eight years

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By Moris Beracha Last Tuesday marked the eighth anniversary of the first purchase made with bitcoins: two pizzas for 10,000 bitcoins. At the time of the first purchase of pizza, the most important cryptocurrency was worth only a few cents. Laszlo Hanyecz, the first buyer of the pizzas, became a legend among the early Bitcoin miners. Today, he is known as the man who squandered a number of assets that are currently valued at $ 82 million. At that same price around 6.5 million pizzas of $ 12.50 each could be brought. According to the ElFinanciero.com,  Bitcoin Pizza Day  has become a celebration of how much the price of cryptocurrency has soared, even after falling from its record earlier this year. Read the original post  here . See more at: http://morisberacha.com/