Warren Buffett Commits to Anti-Bitcoin Stance

News and Updates
With the value of Bitcoin rising at seemingly every turn, it as well as so many other cryptocurrencies are gaining more and more attention. With that attention comes a larger userbase, which begets further value increases. While this may all seem like good news for pro-Bitcoin folks, there are plenty of people who are very wary about Bitcoin’s recent success. Everyone who knows anything about business has heard the name Warren Buffett, and almost all of those people perk up when the aging billionaire has something to say. After all, the man made a lot of money in his lifetime and is continuing to experience success today. At this point, you might be wondering what Warren Buffett and Bitcoin have in common, and the answer to that is, nothing. In…
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Yet Another Bitcoin Fork Brings Us Bitcoin Gold

News and Updates
Earlier in the year, there were shockwaves sent around the cryptocurrency world thanks to the announcement that the blockchain—the fundamental foundation of Bitcoin—would be split, creating an entirely new currency; Bitcoin Cash. Bitcoin Cash is still surviving and has definitely made a name for itself. Perhaps that is what brought about the most recent fork. According to a number of sources, including the widely-respected CoinDesk, today brought with it yet another fork of the Bitcoin blockchain. Like last time, this would create a brand new currency, however unlike Bitcoin Cash, which functions a lot like traditional Bitcoin, Bitcoin Gold is going to function a bit differently and aims to reach a different end. A Shock to Bitcoin This will probably come as little surprise, but in the immediate wake of…
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Bitcoin and Cryptocurrencies Survive Chinese Ban

News and Updates
Not all that long ago, rumors that Chinese authorities would make it illegal for citizens and residents to trade Bitcoin and other cryptocurrencies on online exchanges were circulating. In the blink of an eye, all of those rumors became fact. The Chinese government announced that they would officially enact the aforementioned ban, and that it would additionally ban any new ventures from putting forth initial coin offerings to raise money. In the initial wake of the ban’s official announcement, prices of all cryptocurrencies took a hit. This was unsurprising seeing as China represents a large, large portion of global cryptocurrency users. There were some who thought that cryptocurrencies might have finally seen their final days, but such has not been the case as the cryptocurrency world has shown its ability…
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The Rise, or Lack Thereof, of Bitcoin in Africa

Bitcoin, News and Updates
Bitcoin and other cryptocurrencies have really caught on in some interesting parts of the world over the past few years. While it may seem like new places are taking an interest in cryptocurrencies all the time, one large part of the world that has widely neglected the rise of Bitcoin has been Africa. Sure, there are more developed countries such as South Africa and Nigeria who have caught the cryptocurrency bug, but many of the more rural countries have not shown much interest at all. While we have seen small countries such as Tanzania and Ghana begin to see an uptick in cryptocurrency usage, there are many other areas of the continent who have not so much as heard of crypto. This simple fact is perplexing to many because Bitcoin…
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Bitcoin Can Help Venezuela Out of its Economic Crisis, Some Say

Bitcoin, News and Updates
Of all the hotspots of turmoil around the world, few are as overlooked as Venezuela. For months now, the country has been in the midst of an economic crisis that has pervaded all classes and walks of life. In more recent happenings, US President Donald Trump added the nation to his ever-growing list of countries whose citizens cannot freely travel to the United States. There have been many proposed solutions to the economic crisis, but one newer proposal has begun to gain some traction. Thanks to the hyper-inflating Bolivar (the fiat currency of Venezuela), the country as a whole is seeing its buying power diminish on a weekly basis. Not only are there very few essential goods in stores, those goods that are available are more readily becoming unaffordable. As…
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Cryptocurrency Investors Concerned China May Shut Down Exchanges

Bitcoin, News and Updates
Before getting into the nitty-gritty, it is important to note that there is but one source claiming that China is on the verge of shutting down exchanges in the country. While one unconfirmed report might usually not be enough to cause any amount of stir, the fact that China, one of the biggest users of cryptocurrencies as far as countries are concerned, may go radio silent is very concerning. What’s more, it begs the question of, if Bitcoin (Or Ethereum, BlackCoin, etc.) is unable to be exchanged in China, does it have value? The unresolved nature of this question has been driving some users away from Bitcoin and other cryptocurrencies.  Since this report broke yesterday, the price of most major cryptocurrencies has been and continues to be negatively affected. What’s…
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Experts Warn of Bitcoin’s Volatility

Bitcoin, News and Updates
Whether you have been following Bitcoin (and other cryptocurrencies) from the time it was incepted or are just getting into the realm now, one of the first items you will learn is of the sheer volatility inherent in it. While things like stocks and fiat currencies all have ever-changing values, the US Dollar and major stocks see their value fluctuate marginally, with only those who have massive holdings seriously impacted by such small movements.  With regard to Bitcoin, however, we have seen in recent weeks that the price of the currency is subject to massive swings that can affect the large volume investor and small time investor alike. For those who may be interested in making a quick buck off of these price movements, some experts have warned folks to…
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A Word of Caution from the Founder of Bitcoin Foundation

Bitcoin, News and Updates
Llew Claasen, founder of the Bitcoin Foundation, urged prospective investors that they should enter the cryptocurrency world with caution. For those who may be unaware, the Bitcoin Foundation is a non-profit that, basically, advocates for the use of Bitcoin and other cryptocurrencies for people the world over. Understanding this, it makes sense that Claasen’s caution came at a TEDGlobal conference that was taking place in Tanzania. The conference itself was meant to address the potential benefits of Africans gaining more access to Bitcoin. A Fair Warning Being that many Africans do not have access to traditional methods of banking, or are simply wary of the moves their government might make to manipulate currencies, Bitcoin is seeming like an increasingly viable option. According to Claasen himself, “It [Bitcoin] offers people a…
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Cryptocurrency in South Korea: A Roller-Coaster Love Story

Bitcoin, News and Updates
The global cryptocurrency market has really been heating up in recent years, and especially through the first three quarters of 2017. With the Bitcoin Fork, the rise of cryptocurrencies like Ethereum, and global geopolitics driving demand, we are, quite literally, seeing cryptocurrencies breach the mainstream once and for all. While most people think of places like China and Japan when they think of global cryptocurrency leaders, many people forget that South Korea is absolutely crazy over crypto. Gaining Trust, Availability, and Recognition One of the propellants that has launched cryptocurrencies to the front and center of Korean society is the fact that it isn’t just single users making Bitcoin and Ethereum trades, but also big banks, large corporations, and even the government. Yes, you read that correctly, the South Korean…
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Bitcoin Cash’s Problems, and What It Might Mean for Most Other Cryptocurrencies

Bitcoin, News and Updates
On the 1st of August, 2017, the cryptocurrency world was changed forever. It was on this date when Bitcoin’s blockchain—the fundamental structure that supports and drives the network—was split into two, creating a new cryptocurrency, called Bitcoin Cash (BCH), that stood side-by-side BTC. At the core of this “solution” was a need for faster processing of payments/exchanges, and that is exactly what the end-result has been. While the world of Bitcoin users did not immediately change all that much, some of the folks who opted to try out Bitcoin Cash were a little bit let down, to say the least. The problems facing these users have persisted through the 2+ weeks of BCH’s existence, and the problems being faced might serve as a horoscope for what we can expect in…
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