NASCAR Crew Pays Bitcoin To Recover Files;

A professional NASCAR racing team had its computer files hacked and paid $500 in bitcoin to get their files back, according to ESPN. They estimated the value of the data at $2 million. They have since hired a security firm called Malwarebytes, which has become a race car sponsor. David Winston, crew chief for the […]

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Ethereum’s Woes Haven’t Hurt Bitcoin: Wonder Why?

Martin Tillier, a financial advisor who writes for Nasdaq, says the recent DAO hack shows there is a vulnerability in Ethereum and that while some might have thought it would reflect negatively on bitcoin, bitcoin’s price activity demonstrates the reverse. While bitcoin does not offer the development capabilities of Ethereum, it has demonstrated better reliability. […]

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Bitcoin Price Running Out Of Brexit Buyers

The bitcoin price chart is slumping and a potential drop lower edges to the edge of support. Even as a long-term $1,750 swirled in the tea leaves, yesterday, we can see a tea-tree ladder with rungs at $600, $560, and $500. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis […]

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Survey: Finance Industry to Invest $1 Billion in Blockchain Technology in 2016

A recent survey by Greenwich Associates reports financial and technology markets will invest $1 billion in blockchain technology this year. The interviewees cited the vested interest the financial industry has in legacy systems as the main obstacle to blockchain investment. The survey indicates trends from the past two years are continuing in 2016. Venture capital backed investment […]

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Bitcoin Price And SegWit

The bitcoin price chart has regained some lost ground, yet the long-term chart shows the next rally has not been signaled, even as $1,750 swirls in the tea leaves. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using […]

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Accountants Ask IRS to Clarify Bitcoin Transactions’ Tax Status

The American Institute of CPAs has sent the IRS a letter to clarify tax status of small virtual currency transactions and nine other virtual currency issues, according to The Wall Street Journal. A bitcoin payment for a small purchase can have an investment gain or loss on that purchase under the IRS’s existing tax treatment. […]

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Bitcoin Price And Brexit

The bitcoin price chart advanced $140 since yesterday’s low. In the meantime markets rudely awoke to find Brexit had come true. Chaos ensued, but the bitcoin market keeps ticking like clockwork. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 […]

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DHS Awards Millions in Grants to Blockchain, Cybersecurity Projects

The U. S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) awarded Austin, Texas-based $199,000 to Factom Inc. to advance digital identity security for Internet of Things (IoT) devices.   The award was one of several DHS S&T awards to support the development of security solutions that involve blockchain technology. DHS S&T also […]

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Bitcoin Exchange Coinbase Adds Paypal Support

Bitcoin wallet and exchange Coinbase has revealed new funding methods – PayPal and credit cards, to further enable digital currency transactions and swaps in its exchange. The support for the two new funding mechanisms is currently in beta. In a move that can be seen as a further sign that PayPal is dipping its toes […]

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DAO Vulnerability Raises Questions of Trust and the Human Factor

The discussion and debate around the DAO vulnerability raises questions about trust and the human factor in the evolving realm of distributed ledger technology, Sean Neville, co-founder and president of Circle, noted in a Medium blog. Trust in the safety of assets and data in blockchain systems does not depend on human gatekeepers, Neville noted. But […]

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