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Success Stories of eToro Crypto CopyFund Investors, Safe Cryptocurrency Investment

Previously, NewsBTC reported on the release of the eToro Crypto CopyFund, an online hedge fund-like platform with which users can utilize to invest in a variety of cryptocurrencies and maintain a diverse portfolio of crypto assets. According to various reports and the portfolios of popular eToro Crypto CopyFund users, investors have already started to demonstrate … Continue reading Success Stories of eToro Crypto CopyFund Investors, Safe Cryptocurrency Investment

The post Success Stories of eToro Crypto CopyFund Investors, Safe Cryptocurrency Investment appeared first on NEWSBTC.

Previously, NewsBTC reported on the release of the eToro Crypto CopyFund, an online hedge fund-like platform with which users can utilize to invest in a variety of cryptocurrencies and maintain a diverse portfolio of crypto assets. According to various reports and the portfolios of popular eToro Crypto CopyFund users, investors have already started to demonstrate … Continue reading Success Stories of eToro Crypto CopyFund Investors, Safe Cryptocurrency Investment

The post Success Stories of eToro Crypto CopyFund Investors, Safe Cryptocurrency Investment appeared first on NEWSBTC.

Bitcoin Cash forks successfully, but investors have little access

Bitcoin survived a forking event on Tuesday, with a muted reaction from the market. Anyone who held bitcoin at the time of the fork are automatically holding an equivalent amount of the new alternative, Bitcoin Cash (BCH), which they control with their Bitcoin private keys.

After a bumpy start and rapid appreciation the price of the new asset has mostly risen, briefly touching 0.485789 BTC, worth US$1,327 at the time, on the Bittrex asset exchange. At press time, one Bitcoin Cash is worth 0.232 BTC (US$629), although other exchanges offer a wide range of prices down to 0.0482 BTC (US$222).

Bitcoin survived a forking event on Tuesday, with a muted reaction from the market. Anyone who held bitcoin at the time of the fork are automatically holding an equivalent amount of the new alternative, Bitcoin Cash (BCH), which they control with their Bitcoin private keys.

After a bumpy start and rapid appreciation the price of the new asset has mostly risen, briefly touching 0.485789 BTC, worth US$1,327 at the time, on the Bittrex asset exchange. At press time, one Bitcoin Cash is worth 0.232 BTC (US$629), although other exchanges offer a wide range of prices down to 0.0482 BTC (US$222).

All About MobileGo’s Successfully Positioned Platform

The ICO of MobileGo ended long ago; started on April 25, 2017, for a month; however, many of the potential investors want to learn about how the platform is heading towards achieving Gamecredits ecosystem’s benefits. The MobileGo, from the views of current investors and users, seems to be a great starting platform, similar to Gamecredits … Continue reading All About MobileGo’s Successfully Positioned Platform

The post All About MobileGo’s Successfully Positioned Platform appeared first on NEWSBTC.

The ICO of MobileGo ended long ago; started on April 25, 2017, for a month; however, many of the potential investors want to learn about how the platform is heading towards achieving Gamecredits ecosystem’s benefits. The MobileGo, from the views of current investors and users, seems to be a great starting platform, similar to Gamecredits … Continue reading All About MobileGo’s Successfully Positioned Platform

The post All About MobileGo’s Successfully Positioned Platform appeared first on NEWSBTC.

Can You Make a Million with Bitcoins?

Crypto-currency investments are generating a serious amount of interest lately. With reports of Bitcoin values increasing by over 240 times over the last 5 years, it is easy to see why people are starting to take notice of this electronic currency. Bitcoins were worth around $5 each in 2012, whereas now, they are more likely to … Continue reading Can You Make a Million with Bitcoins?

The post Can You Make a Million with Bitcoins? appeared first on NEWSBTC.

Crypto-currency investments are generating a serious amount of interest lately. With reports of Bitcoin values increasing by over 240 times over the last 5 years, it is easy to see why people are starting to take notice of this electronic currency. Bitcoins were worth around $5 each in 2012, whereas now, they are more likely to … Continue reading Can You Make a Million with Bitcoins?

The post Can You Make a Million with Bitcoins? appeared first on NEWSBTC.

Czech National Bank: “Don’t Be Afraid of Bitcoin” – Bitcoin News (press release)


Bitcoin News (press release)

Czech National Bank: “Don’t Be Afraid of Bitcoin
Bitcoin News (press release)
The Czech National Bank has published a statement addressing bitcoin and cryptocurrency on its website. The document addresses the popularity of bitcoin in Prague and the Czech Republic, discusses whether cryptocurrency poses a threat to the


Bitcoin News (press release)

Czech National Bank: “Don't Be Afraid of Bitcoin
Bitcoin News (press release)
The Czech National Bank has published a statement addressing bitcoin and cryptocurrency on its website. The document addresses the popularity of bitcoin in Prague and the Czech Republic, discusses whether cryptocurrency poses a threat to the ...

Ethereum Price Technical Analysis – ETH/USD Struggle To Gain Momentum

Key Highlights ETH price failed to gain pace above the $231 level against the US Dollar, and moved down. Yesterday’s highlighted connecting bullish trend line with support at $221 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. There is a chance that the price might extend the recent correction towards the … Continue reading Ethereum Price Technical Analysis – ETH/USD Struggle To Gain Momentum

The post Ethereum Price Technical Analysis – ETH/USD Struggle To Gain Momentum appeared first on NEWSBTC.

Key Highlights ETH price failed to gain pace above the $231 level against the US Dollar, and moved down. Yesterday’s highlighted connecting bullish trend line with support at $221 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. There is a chance that the price might extend the recent correction towards the … Continue reading Ethereum Price Technical Analysis – ETH/USD Struggle To Gain Momentum

The post Ethereum Price Technical Analysis – ETH/USD Struggle To Gain Momentum appeared first on NEWSBTC.

Czech National Bank: “Don’t Be Afraid of Bitcoin”

Czech National Bank Publishes Letter Addressing BitcoinThe Czech National Bank has published a statement addressing bitcoin and cryptocurrency on its website. The document addresses the popularity of bitcoin in Prague and the Czech Republic, discusses whether cryptocurrency poses a threat to the traditional banking system, and argues that fiat currencies comprise better currencies than bitcoin due to price stability. Also Read: Largest […]

The post Czech National Bank: “Don’t Be Afraid of Bitcoin” appeared first on Bitcoin News.

Czech National Bank Publishes Letter Addressing Bitcoin

The Czech National Bank has published a statement addressing bitcoin and cryptocurrency on its website. The document addresses the popularity of bitcoin in Prague and the Czech Republic, discusses whether cryptocurrency poses a threat to the traditional banking system, and argues that fiat currencies comprise better currencies than bitcoin due to price stability.

Also Read: Largest Czech Online Retailer Alza Accepts Bitcoin, Installs 2 Bitcoin ATMs in Showroom

The Czech National Bank States That There “Is No Reason for Banks to Fear” Bitcoin

Czech National Bank: "Don't Be Afraid of Bitcoin"

The Czech National Bank’s statement regarding cryptocurrency is titled “Don’t be afraid of bitcoin”, and seeks to address popular assertions regarding the potential threats that bitcoin and cryptocurrency may pose to existing monetary systems.

The document starts by stating that “Prague is home to a strong community of cryptocurrency supporters and users.” The statement then immediately turns to “questions regarding whether institutions such as the Czech National Bank should be afraid of bitcoin…. And of their power to marginalise traditional money.”

The Czech National Bank states that there “is no reason for banks to fear” bitcoin and cryptocurrency. Virtual currency adoption is described as “negligible in its size and scope”, arguing that “electronic transactions using bitcoin worldwide amount to only 16% of the electronic transactions conducted in the Czech koruna, a currency used by just 10.5m people.”

Bitcoin Is Described as the Antithesis of the Czech Money System

Czech National Bank Publishes Letter Addressing Bitcoin and Cryptocurrency

The article argues that bitcoin does not comprise a suitable mainstream money commodity due to it’s “constantly changing price.” A “good currency” is argued to possess a stable purchasing power, with the Czech National Bank describing Bitcoin as “inherently volatile” owing to its fixed supply.

Bitcoin is described as “the antithesis of [the Czech] elastic money system, which is based on the principle that to keep the purchasing power of money relatively constant the amount of money has to change flexibly over time.” Price stability is argued to be “the most beneficial feature of money in its present form”, with the bank concluding that “there is no reason to fear that our existing monetary system will be replaced by a fixed-money alternative.”

Do you think that bitcoin could comprise an effective mainstream currency? Or do you think that the recent history of price volatility is too great a hurdle for significant mainstream adoption to occur? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Czech National Bank: “Don’t Be Afraid of Bitcoin” appeared first on Bitcoin News.

Decentralized Domain & Hosting Platform Nametoken Beings ICO in 2 Months

On September 30, Nametoken, the Ethereum blockchain network-based decentralized domain ecosystem and hosting service provider, is set to conduct its initial coin offering (ICO) to distribute 90 percent of its native token NAT. Over the past few years, in spite of the work of leading domain and hosting service providers such as Namecheap and Bluehost, … Continue reading Decentralized Domain & Hosting Platform Nametoken Beings ICO in 2 Months

The post Decentralized Domain & Hosting Platform Nametoken Beings ICO in 2 Months appeared first on NEWSBTC.

On September 30, Nametoken, the Ethereum blockchain network-based decentralized domain ecosystem and hosting service provider, is set to conduct its initial coin offering (ICO) to distribute 90 percent of its native token NAT. Over the past few years, in spite of the work of leading domain and hosting service providers such as Namecheap and Bluehost, … Continue reading Decentralized Domain & Hosting Platform Nametoken Beings ICO in 2 Months

The post Decentralized Domain & Hosting Platform Nametoken Beings ICO in 2 Months appeared first on NEWSBTC.

Bitcoin Cash Price Technical Analysis – BCH/USD Resumes Trend

Key Points Bitcoin cash price after rallying towards $800 against the US Dollar found sellers and moved down. There was a break below a major bullish trend line at $460 on the hourly chart (data feed from Kraken) of BCH/USD. The price traded towards $300 before finding bids for another upside wave. Bitcoin cash price … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Resumes Trend

The post Bitcoin Cash Price Technical Analysis – BCH/USD Resumes Trend appeared first on NEWSBTC.

Key Points Bitcoin cash price after rallying towards $800 against the US Dollar found sellers and moved down. There was a break below a major bullish trend line at $460 on the hourly chart (data feed from Kraken) of BCH/USD. The price traded towards $300 before finding bids for another upside wave. Bitcoin cash price … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Resumes Trend

The post Bitcoin Cash Price Technical Analysis – BCH/USD Resumes Trend appeared first on NEWSBTC.

CausePlay Uses Blockchain Technology to Redefine Loyalty Programs

The retail industry has become a cutthroat business, thanks to increased globalization and competition between the brands. At the same time, consumers now have lots of alternatives, which has forced companies to come up with incentives for them to stay loyal to their brands. In such a scenario, loyalty and reward programs have gained a … Continue reading CausePlay Uses Blockchain Technology to Redefine Loyalty Programs

The post CausePlay Uses Blockchain Technology to Redefine Loyalty Programs appeared first on NEWSBTC.

The retail industry has become a cutthroat business, thanks to increased globalization and competition between the brands. At the same time, consumers now have lots of alternatives, which has forced companies to come up with incentives for them to stay loyal to their brands. In such a scenario, loyalty and reward programs have gained a … Continue reading CausePlay Uses Blockchain Technology to Redefine Loyalty Programs

The post CausePlay Uses Blockchain Technology to Redefine Loyalty Programs appeared first on NEWSBTC.

MobileGo Price Technical Analysis for 08/02/2017 – Bearish Pressure Returns

MobileGo resumed its slide to its peers bitcoin, ethereum, and the US dollar as bullish momentum looks ready to return for those counterparts.

The post MobileGo Price Technical Analysis for 08/02/2017 – Bearish Pressure Returns appeared first on NEWSBTC.

MobileGo resumed its slide to its peers bitcoin, ethereum, and the US dollar as bullish momentum looks ready to return for those counterparts.

The post MobileGo Price Technical Analysis for 08/02/2017 – Bearish Pressure Returns appeared first on NEWSBTC.

Bitcoin Price Technical Analysis for 08/03/2017 – Breaking Lower?

Bitcoin price is trying to break below the ascending triangle support on the 1-hour time frame, but there’s also a chance that this could be a fake out.

The post Bitcoin Price Technical Analysis for 08/03/2017 – Breaking Lower? appeared first on NEWSBTC.

Bitcoin price is trying to break below the ascending triangle support on the 1-hour time frame, but there’s also a chance that this could be a fake out.

The post Bitcoin Price Technical Analysis for 08/03/2017 – Breaking Lower? appeared first on NEWSBTC.

3 Must Read Stories: Valuing Bitcoin Cash, Apple Bends to Beijing, China’s Smartphones – Barron’s


Barron’s

3 Must Read Stories: Valuing Bitcoin Cash, Apple Bends to Beijing, China’s Smartphones
Barron’s
But here’s the thing — it’s currently really hard to sell bitcoin cash. While some exchanges have added the new currency for trading, liquidity is super low, which is why some say the price is being artificially inflated. Because most exchanges aren’t


Barron's

3 Must Read Stories: Valuing Bitcoin Cash, Apple Bends to Beijing, China's Smartphones
Barron's
But here's the thing — it's currently really hard to sell bitcoin cash. While some exchanges have added the new currency for trading, liquidity is super low, which is why some say the price is being artificially inflated. Because most exchanges aren't ...

Why is Bitcoin Cash Price So High?

bitcoin cash price highOvernight, Bitcoin Cash became the third largest cryptocurrency by market cap. Reaching a high of close to $800, traders are in disbelief at the rapid price rise. Why is Bitcoin Cash’s price so high? Is this just a bubble that is waiting to burst, or will Bitcoin cash overtake its predecessor? Initially, after the fork first occurred Bitcoin cash was trading at a steady $250. As soon as the fork commenced and the network split gracefully, exchanges started adding Bitcoin Cash trading pairs. As with any cryptocurrency, the more exchanges add it the higher the price rises. BCH was no different,

bitcoin cash price high

Overnight, Bitcoin Cash became the third largest cryptocurrency by market cap. Reaching a high of close to $800, traders are in disbelief at the rapid price rise. Why is Bitcoin Cash’s price so high? Is this just a bubble that is waiting to burst, or will Bitcoin cash overtake its predecessor?

Initially, after the fork first occurred Bitcoin cash was trading at a steady $250. As soon as the fork commenced and the network split gracefully, exchanges started adding Bitcoin Cash trading pairs. As with any cryptocurrency, the more exchanges add it the higher the price rises. BCH was no different, when Kraken and Bittrex added the asset, the price spiked and doubled to $433.

The fire was already burning when Bitfinex finally integrated BCH, ultimately pouring a gallon of fuel into the pit. The explosion propelled Bitcoin Cash’s price to over $700 doubling the asset once again. As great as all this sounds, when something is too good to be true, it usually is.

While it is possible to trade Bitcoin Cash that was credited by exchanges, it is still impossible to deposit BCH to an exchange in order to sell it for Bitcoin or any other currency. For example, even though Bittrex is leading the market with the highest trading volume, the Bitcoin Cash wallet is “under maintenance” and it is impossible to deposit any coins into it.

bittrex bch

This means that even though the total circulation of Bitcoin Cash is around 16 million tokens, the effective supply is much much smaller than that. Moreover, once the exchanges open up their wallets, it is inevitable that users will flood it with Bitcoin Cash to sell. It would be smart to keep an eye on when exchanges, especially Bittrex, enable Bitcoin Cash deposits as that could be a pivotal point in the market.

Another important decision that will influence BCH’s price is how Coinbase will handle the situation of whether or not to credit their users with BCC. Bittrex had no issue crediting the new coin to its users at a 1:1 rate but Coinbase is claiming that will create issues with their hot and cold storage.

Tim Wu, a legal scholar, claims that Coinbase is opening themselves up to lawsuits by not crediting users with BCC. He compared Coinbase to a broker that refused to issue a new stock to their owners.

 

Some argue that Coinbase is not responsible for crediting users with Bitcoin Cash because it is simply an exchange and a wallet that is used to hold people’s funds. However, the issue here isn’t the fact that Coinbase refuses to credit users with the token, its the fact that most users weren’t able to even move coins off the exchange before the fork.

The problem is, if users move their coins from Coinbase now, they would not get credited any BCC as the coins. In fact, Coinbase would essentially be credited those BCC if users withdraw funds from the platform. Coinbase has stated that they do not plan to keep or do anything with the token, but that is just bad business.

If you have million of dollars in an asset why not liquidate it? If you can’t liquidate it, then why not distribute it to its rightful owners? We will be closely monitoring the Coinbase situation, follow us on twitter @themerklenews for the latest updates.

 

The Birth of BCH: The First Crazy Days of “Bitcoin Cash”

BCH1-3.jpg

August 1 saw the birth of a brand-new cryptocurrency: “Bitcoin Cash,” sometimes referred to as “Bcash” and using the currency tickers “BCH” or “BCC.” Bitcoin Cash shares a history with Bitcoin, but yesterday it forked off to form its own blockchain and currency.

Here’s the story so far.

The Fork

Bitcoin Cash, initially defined by the Bitcoin ABC software implementation, was set to fork on August 1 at 12:20 p.m. UTC. Though in reality, because of how Bitcoin nodes measure time, the actual fork happened a little bit later.

Starting right when Bitcoin block 478,558 was found around 12:35 p.m. UTC, Bitcoin miners and Bitcoin Cash miners started looking for a different kind of block, each following their own protocol. Unsurprisingly, a Bitcoin miner was the first to find one, marking the first block that was rejected by all Bitcoin Cash nodes. This effectively realized the “split,” even though no new Bitcoin Cash block had yet been found.

Since there weren’t very many Bitcoin Cash miners on a network that did maintain Bitcoin’s mining difficulty requirements, this first BCH block did not come fast. It took almost six hours, at about 6:15 p.m. UTC, until Chinese mining pool ViaBTC found the first Bitcoin Cash block. This, for many, made the “split” official.

At the time of writing, the fork seems to be more or less successful, depending on how “success” is defined in this context. While there were some concerns about the peer-to-peer network — Bitcoin ABC nodes initially appeared unable to reach one another — these problems have seemed to resolve over time. And safety precautions like replay protection and wipeout protection seem to be enforced as well.

That said, infrastructure support for BCH is still very limited. Very few wallets and other Bitcoin services have adopted the new cryptocurrency so far — this could of course change in the (near) future.

Hash Power Issues

The bigger problem is probably that hash power on the Bitcoin Cash chain started out low and has remained low. As a result, confirmation times are extremely slow, often taking hours.

This should improve over time, especially because Bitcoin Cash implemented a new difficulty algorithm designed to adjust back to normal faster. However, even with this algorithm, it could take weeks before blocks are found at typical ten-minute block intervals.

Additionally, this difficulty adjustment algorithm could incentivize odd miner behavior. It has been speculated, for example, that miners intentionally mined no blocks for over 12 hours today, as that would help them get back to normal faster. And, notably, similar incentives would exist even once difficulty readjusts to normal on the Bitcoin Cash chain.

Market Behavior

As expected, price discovery has been very volatile during these first couple of days. And perhaps more importantly, price discovery is still very limited, for three reasons in particular.

First, as mentioned above, many Bitcoin users are still having difficulties accessing their BCH because not many wallets support the new currency. And even if wallets do support it, accessing BCH requires users to give up some level of privacy, security, time and more.

Second, hardly any exchanges have enabled BCH deposits yet. With some exceptions, only users who held BTC on exchanges that credited users with BCH at the time of the fork were able to sell their BCH. All users who controlled their own private keys have had to wait or find someone to sell to themselves.

And third, because Bitcoin Cash blocks are slow and the chain insecure, even when exchanges do allow BCH deposits, it can take hours if not days to credit an account.

At time of writing, HitBTC is the only cryptocurrency exchange that allows BCH deposits within a reasonable timeframe. As such, it’s arguably the first “real” BTC/BCH exchange. However, since HitBTC is not a very established name, many may still be hesitant to send their funds to this exchange. (Nor does Bitcoin Magazine recommend that you do so.)

Despite all these factors, trading has started, and the market has seen some early price action. Since its launch, the BCH exchange rates on different trading platforms have bounced between some 0.05 BTC per BCH and 0.4 BTC per BCH.

Disclaimer: The author of this article received BCH and has not sold all of it yet.

The post The Birth of BCH: The First Crazy Days of “Bitcoin Cash” appeared first on Bitcoin Magazine.

BCH1-3.jpg

August 1 saw the birth of a brand-new cryptocurrency: “Bitcoin Cash,” sometimes referred to as “Bcash” and using the currency tickers “BCH” or “BCC.” Bitcoin Cash shares a history with Bitcoin, but yesterday it forked off to form its own blockchain and currency.

Here’s the story so far.

The Fork

Bitcoin Cash, initially defined by the Bitcoin ABC software implementation, was set to fork on August 1 at 12:20 p.m. UTC. Though in reality, because of how Bitcoin nodes measure time, the actual fork happened a little bit later.

Starting right when Bitcoin block 478,558 was found around 12:35 p.m. UTC, Bitcoin miners and Bitcoin Cash miners started looking for a different kind of block, each following their own protocol. Unsurprisingly, a Bitcoin miner was the first to find one, marking the first block that was rejected by all Bitcoin Cash nodes. This effectively realized the “split,” even though no new Bitcoin Cash block had yet been found.

Since there weren’t very many Bitcoin Cash miners on a network that did maintain Bitcoin’s mining difficulty requirements, this first BCH block did not come fast. It took almost six hours, at about 6:15 p.m. UTC, until Chinese mining pool ViaBTC found the first Bitcoin Cash block. This, for many, made the “split” official.

At the time of writing, the fork seems to be more or less successful, depending on how “success” is defined in this context. While there were some concerns about the peer-to-peer network — Bitcoin ABC nodes initially appeared unable to reach one another — these problems have seemed to resolve over time. And safety precautions like replay protection and wipeout protection seem to be enforced as well.

That said, infrastructure support for BCH is still very limited. Very few wallets and other Bitcoin services have adopted the new cryptocurrency so far — this could of course change in the (near) future.

Hash Power Issues

The bigger problem is probably that hash power on the Bitcoin Cash chain started out low and has remained low. As a result, confirmation times are extremely slow, often taking hours.

This should improve over time, especially because Bitcoin Cash implemented a new difficulty algorithm designed to adjust back to normal faster. However, even with this algorithm, it could take weeks before blocks are found at typical ten-minute block intervals.

Additionally, this difficulty adjustment algorithm could incentivize odd miner behavior. It has been speculated, for example, that miners intentionally mined no blocks for over 12 hours today, as that would help them get back to normal faster. And, notably, similar incentives would exist even once difficulty readjusts to normal on the Bitcoin Cash chain.

Market Behavior

As expected, price discovery has been very volatile during these first couple of days. And perhaps more importantly, price discovery is still very limited, for three reasons in particular.

First, as mentioned above, many Bitcoin users are still having difficulties accessing their BCH because not many wallets support the new currency. And even if wallets do support it, accessing BCH requires users to give up some level of privacy, security, time and more.

Second, hardly any exchanges have enabled BCH deposits yet. With some exceptions, only users who held BTC on exchanges that credited users with BCH at the time of the fork were able to sell their BCH. All users who controlled their own private keys have had to wait or find someone to sell to themselves.

And third, because Bitcoin Cash blocks are slow and the chain insecure, even when exchanges do allow BCH deposits, it can take hours if not days to credit an account.

At time of writing, HitBTC is the only cryptocurrency exchange that allows BCH deposits within a reasonable timeframe. As such, it’s arguably the first “real” BTC/BCH exchange. However, since HitBTC is not a very established name, many may still be hesitant to send their funds to this exchange. (Nor does Bitcoin Magazine recommend that you do so.)

Despite all these factors, trading has started, and the market has seen some early price action. Since its launch, the BCH exchange rates on different trading platforms have bounced between some 0.05 BTC per BCH and 0.4 BTC per BCH.

Disclaimer: The author of this article received BCH and has not sold all of it yet.

The post The Birth of BCH: The First Crazy Days of “Bitcoin Cash” appeared first on Bitcoin Magazine.