Bitcoin Soccer Transfer, CoinCheck Hack Update and More

Bitcoin, News and Updates
There is never such a thing as a quiet week in the world of cryptocurrencies, and as you will see, the last seven days has certainly been no exception. We have had everything from a football trade being made with by Bitcoins, the largest ever exchange hacking, a popular altcoin rebranding itself and Kodak doing a U-turn on the proposed launch of its KodakCoin ICO. So, here is what has been happening this week in more detail. Turkish Footballer Purchased With Bitcoin Just this week, the cryptocurrency world saw its first ever sports player transfer that was paid for using Bitcoin. Harunustaspor, an amateur Football club in Turkey, became the first in the world to use Bitcoin as part of a deal to sign a player. That player was Ömer…
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Weekly Cryptocurrency Report For February 1st, 2018

Bitcoin, News and Updates
It has certainly been a rough ride for Bitcoin of late, but when you consider the huge rise in value that it experienced in 2017, there was always going to come a time where a correction was likely. This last week has seen BTC suffer another substantial drop in value and is now at under $10k in value. The value of Bitcoin in our last report was $10,973.96 and unfortunately for anyone holding it, BTC has again fallen in value by just over $1k. It currently sits at $9,872.64 despite seeing a bit of a resurgence on the 28th of January which gave it a weekly high of $12,060.51. Ethereum (ETH) – Things Looking Up Ethereum, on the other hand, is starting to look far less volatile compared to Bitcoin.…
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Weekly Cryptocurrency Report: Bitcoin Struggling, Ethereum Booming

News and Updates
This week we are going to take a look back at that last two weeks to see how the larger cryptocurrencies have performed. In our last report there had been some massive drops across the board in a pre-Christmas slump that started to alarm many cryptocurrency owners. Fortunately, things picked up again after Christmas, though still not enough to completely recoup the loss in value. So how have cryptocurrencies done since the Christmas slump and mini-recovery? Overall things have improved for a number of the smaller currencies, while Bitcoin still sees weekly and even daily swings in the thousands of dollars. Bitcoin – A Bumpy Month It has certainly been a bumpy ride for Bitcoin in the latter part of December and the early part of January. After the pre-Christmas…
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Cryptocurrencies Bounce Back After Pre-Christmas Decreases

Bitcoin, News and Updates
Friday the 22nd of December began as a worrying time with the majority of cryptocurrencies experiencing price drops. Predictably, these varying degrees of price decreases have since started to show some signs of recovery. The time of year along with the recent surge in prices for many of the leading cryptocurrencies have both been mentioned as the reason for the dip. On a positive note, we have seen some improvement in value since then. This resilience has led to many feeling confident with the current trend in cryptocurrency value showing continued improvements – until the next pullback at least. Bitcoin Bounces Back After Pre-Christmas Blip Bitcoin investors were relieved on the 26th of December after the cryptocurrency's value improved to more than $16,000 after dropping below $12,000 on Friday the…
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Hackers Capitalize on Cryptocurrency Interest

Bitcoin, News and Updates
In recent months, the attention given to the cryptocurrency community has grown rapidly. Though Bitcoin has been leading the charge with its wild price swings, plenty of other altcoins—as they have come to be known—have also gained a lot of attention from people around the world. With an increasing number of people learning about the different types of cryptocurrencies out there on a daily basis, it should come as no surprise that an increasing number of people are creating online accounts and purchasing different cryptos. For many, this is an exciting endeavor, but it is one that must be approached with caution. The reason for this is that there are plenty of hackers out there looking to take advantage of those who have recently gotten involved in the cryptocurrency world.…
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Valve and Steam Cease Accepting Bitcoin as Payment

Bitcoin, News and Updates
If you are a gamer, there is no doubt that you have heard of the gaming software giant Valve. Even if you are unfamiliar with Valve, you have probably heard of the Steam platform that exists thanks to Valve. For those unfamiliar altogether, you will do well to know that Valve and, by extension, Steam have recently announced that they will stop accepting Bitcoin as a payment method for games, devices, and software. With almost 100 million people in Valve’s network, this is pretty big news, especially when you consider that Steam was very excited about utilizing Bitcoin back in Spring of 2016. Unfortunately for Steam users, however, a lot has changed between April of 2016, when Bitcoin was trading for less than $1,000, and now. With the price of…
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Financial Analyst Weighs in On Bitcoin’s Bubble Potential

Bitcoin, News and Updates
Ever since it gained even a shred of popularity and began gaining value, Bitcoin has been labelled as a bubble that will inevitably pop, leaving all investors and backers with nothing. Some of these arguments are rationally derived, and in a way, make sense. Others are flat-out ridiculous conjecture put forth by people who are either in competition with or do not understand Bitcoin. When a well-respected financial analyst weighs in on Bitcoin, however, people tend to listen—and that is exactly what happened this week. Birinyi Associates released a report that compared Bitcoin to some of the largest financial bubbles in history, and the results were interesting, to say the least. An Interesting Comparison Birinyi studied a total of 10 events from history, and out of those 10 bubble events…
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Lightning Can Speed up Bitcoin Transactions

Bitcoin, News and Updates
If you have been paying attention to the news at all in recent months, you know one of the biggest roadblocks preventing Bitcoin from becoming completely and entirely mainstream is the fact that transaction times are egregious, at minimum. Retailers are shying away from adopting Bitcoin due to the fact that it takes, hours, days, and sometimes even weeks for payments to be confirmed on he blockchain. In this digital age, there is no advantage to be gained from waiting longer to receive payments. From the consumer side of things, the elongated transaction times are less attractive than the instant payment methods that have become so familiar. The Lightning Network is something that can help speed up Bitcoin transactions by, in a sense, taking them off the Bitcoin blockchain entirely.…
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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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