Bitcoin to Be Studied by the Australian Treasury

In an effort to understand and explore the possibilities presented by the innovation of bitcoin and its underlying blockchain technology, the Australian Federal Treasury will team up with Data61, a research unit of the Commonwealth to study bitcoin transactions in the bitcoin economy. Data61, a research unit of the Commonwealth Scientific and Industrial Research Organisation […]

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Bitcoin Core Dev: Gavin Andresen’s GitHub Privileges Were A “Liability”

Gavin Andresen, chief scientist at the Bitcoin Core Foundation and former chief developer of the Bitcoin source code had his commit access revoked recently. The move, a collective one taken by Bitcoin Core developers, left Andresen without any administrator or commit privileges after publicly backing Craig Wright’s claim that he was Satoshi Nakamoto, Bitcoin’s creator. […]

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How New York Regulatory Oversight Further Boosts Ethereum

When the Gemini Trust Company begins trading Ether Monday at 9:30 a.m., offering ETH/BTC and ETH/USD trading pairs on two order books, a new chapter begins with the world’s first licensed Ether exchange. Ether is the crypto-asset and token of the Ethereum network, and has emerged as the leading altcoin and is the fastest growing […]

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Bitcoin Mining Developer Spondoolies Shuts Down

Bitcoin mining equipment developer Spondoolies-Tech has ceased operations this month, CEO Guy Corem revealed. Israeli bitcoin mining equipment developer Spondoolies-Tech, a prominent bitcoin hardware manufacturer in recent years has, in a surprising announcement, revealed that it has shut down operations this month. A social media post by Spondoolies-tech CEO Guy Corem read: As of May […]

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London Institute Uses 64 Monitors to Demonstrate How Bitcoin Works

The Imperial Data Science Institute in London has an exhibit of 64 monitors with lines moving in geometric shapes representing real-time bitcoin transactions, according to The Imperial College of London website. Harry Pettit, a graduate student, recently visited the exhibit and discovered it provided a unique way to visualize transactions, according to a news story on […]

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Bitcoin Price And Cost Of Mining Production

Bitcoin price is trading lower today after forming another rounded wave top. Analysis considers mining production costs and the historical relationship of market price to this fundamental metric. 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 the […]

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Exclusive: Jeff Garzik’s Stealthy Ploy To Get Bitcoin Onto Private Blockchains

Longtime Bitcoin core developer Jeff Garzik acknowledges Bitcoins’ branding problem. “The bitcoin name, in terms of marketing, is something that larger institutions are somewhat reluctant to deal with, related to the history with Mt Gox and Silk Road, most notably.” Garzik bemoans how this reputation follows the word Bitcoin. Luckily, it doesn’t follow the technology. […]

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U.S. Court Sentences Man to 20 Years in Prison for Virtual Currency Money Laundering

A federal court has sentenced Arthur Budovsky, 42, to 20 years in prison for laundering hundreds of millions of dollars through a virtual currency called Liberty Reserve that was used by cyber criminals for laundering, according to the U.S. Justice Department. U.S. District Judge Denise L. Cote also ordered Budovsky to pay a $500,000 fine. Budovsky […]

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