The Latest Bitcoin News

October, 2018

  • 30 October

    Many Experts Critical of Latest Study Concerning Bitcoin Energy Use

    A new article published in the journal Nature Climate Change predicts that bitcoin will produce enough CO2 emissions to raise global temperatures by 2 degrees Celsius within three decades. A number of experts in the field have come out against such conclusions and are critical of the study. This study and others, which deal with energy usage, are largely of …

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  • 29 October

    Bitcoin Exchange Bitstamp Acquired by NXMH

    The Luxembourg-based bitcoin exchange, Bitstamp, has been acquired by the Belgium investment firm NXMH, which also owns Korbit, a South Korean cryptocurrency exchange. The official terms of the deal have not been disclosed. Fortune notes that the rumored amount is a $400 million dollar acquisition. The same article quotes Bitstamp founder, Nejc Kodric, as stating to customers and employees to …

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  • 26 October

    Australian Postal Service to Facilitate Bitcoin Buys through its ‘Digital iD’ Service

    The Australia Post announced that the 11.7 million addresses they service will now have the ability to buy bitcoin through its Digital iD service. This verification service would lower the barrier of entry for many and expedite the identity confirmation process. Quoted in the Bitcoinist, the director of Digital Surge, Josh Lehman, stated, “Digital iD allows us to verify the …

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  • 25 October

    Intercontinental Exchange (ICE) to List “Bakkt Bitcoin (USD) Daily Futures Contract” in December

    The Intercontinental Exchange (ICE), the notable owner of the New York Stock Exchange (NYSE), announced they will list the “Bakkt Bitcoin (USD) Daily Futures Contract” for trading on December 12, 2018. ICE is one of many notable names who collaborated to create Bakkt, which physically settles bitcoin futures contracts. This delivery of bitcoin challenges a previous point of contention for …

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  • 24 October

    Armenia Opens $50 Million Dollar Bitcoin Mining Operation

    Reported on by, Multi Group Concern and Omnia Tech International Company, on October 18th, officially launched a $50 million dollar bitcoin and ethereum mining farm in Armenia. There are currently 3,000 mining machines in-use and 120,000 additional machines set to be added and operational over time. “We intend to create here a blockchain-based center for the development of new …

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  • 18 October

    Offline Bitcoin Transactions Being Tested

    Rigel Walshe, a developer who lives in New Zealand, put the Samourai Wallet and goTenna partnership to the test by attempting to send bitcoin transactions offline. Bitcoin Magazine details the developers personal trials successfully utilizing radio frequencies to transact.    With only a $27 dollar basic Android smartphone and four goTennas (used to create radio signals), an offgrid bitcoin transaction …

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  • 17 October

    30,000 BTC ($194M) Transaction Confirmed With $0.10 Fee in 30 Minutes

    Confirmed in block 545911, the large bitcoin transaction of 30,000 bitcoin took approximately thirty minutes to confirm and cost around $0.10 in fees. This transaction provides yet another example of just how impactful blockchain and bitcoin will be for a globalized world. A similar international transaction through centralized entities would amount to thousands in transaction fees. CCN finds that a …

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  • 16 October

    LibertyX and Genmega Launch America’s First Debit Bitcoin ATMs

    This partnership, announced on Finextra, means every Genmega ATM has the capability to enable LibertyX via a simple update process. This means that the 100,000 Genmega ATMs nationwide can upgrade to start selling bitcoin to consumers. The press release claims this to be the first ATM to integrate debit cards as a payment option for bitcoin. This drastically alters the …

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  • 15 October

    New Zealand Passes Act Expanding Customs Access to Electronic Devices; Five Eyes Implications

    New Zealand’s new Customs and Excise Act, which went into effect October 01 of this year, expands government officials’ power to seize personal devices, obtain their passwords or keys, and copy information from them. It also allows a fine of $5,000 NZD ($3,200 USD) to be imposed on those travelers who refuse the search (while still allowing these devices to …

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  • 12 October

    The Number of College and University Endowments’ Investing in Cryptos are Growing

    A growing number of U.S. colleges and universities are said to have included cryptocurrencies as a part of their endowment. This is a sign of increasing acceptance by institutional investors of the new digital-asset class. Last week, Bloomberg reported that Yale joined a new digital asset fund called Paradigm, helping it to raise $400 million, according to an anonymous individual …

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  • 11 October

    Could Centralized Mining in China be Bitcoin’s Biggest Problem?

    Described as bitcoin’s “most powerful adversary,” a new joint research paper by Princeton University and Florida International University examines how the Chinese government can directly impact the decentralized bitcoin network by targeting mining operations which are largely hosted in the country. “Bitcoin mining has become heavily centralized due to advances in specialized hardware that render commodity hardware obsolete. As a …

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  • 10 October

    Small Farms in Arkansas Utilizing Blockchain Technology

    In an effort to ensure customers fully understand the history behind the food they are about to purchase, the Grass Roots Farmers’ Cooperative, formed by a number of small livestock farmers in Arkansas, are utilizing the Provenance supply chain which is powered by blockchain technology. Modern Farmer details how the adoption of distributed ledger technology can impact the food industry. …

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  • 9 October

    Legal Bitcoin Trade Vastly Overshadows Illegal Use: DEA Agent

    One of the most stigmatizing aspects of bitcoin has been its initial association with a poor illegal to legal use ratio. Many continue to attack the world’s first digital currency for this ratio as if it remains the same today. A Drug Enforcement Administration (DEA) special agent, however, who has been studying the area since the early days of bitcoin, …

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  • 8 October

    Need Car Parts? NewParts Now Accepts Bitcoin and Other Cryptocurrency Payments

    The online and international automotive supply retailer, NewParts, announced a partnership with Shopping Cart Elite which allows the company to offer cryptocurrencies as a payment option. In the company’s press release, the retailer states that it “…is opening its store to customers around the world” by accepting bitcoin (BTC), bitcoin cash (BTC), bitcoin diamond (BCD), bitcoin gold (BTG), dash (DASH), …

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  • 5 October

    London-Based Pub Chain to Accept Bitcoin & Bitcoin Cash

    A blog post by BrewDog, a pub chain in London, informs readers that their new Canary Wharf branch, opening Friday October 19th, will accept both Bitcoin (BTC) and Bitcoin Cash (BCH). This limited launch will allow the company to work out any kinks as they plan to “eventually roll out this way of paying into all of our UK BrewDog …

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