Tag Archives: money

‘$300m in cryptocurrency’ accidentally lost forever due to bug

User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most cryptocurrency hacks, however, the money wasnt deliberately taken: it was effectively destroyed by accident. The lost money was in the form of Ether, the tradable currency […]

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New Bitcoin ATMs

A new step for Bitcoins, a Bitcoin ATM is coming out and this time in Asia. This new ATM will be based in Hong Kong , more specifically Mongkok area, and according to the operators it will be functional by the March-April time period. The adapters of this new Bitcoin ATM concept announced they will be offering the best Bitcoin price through a partnership with Bitcashout.com an established exchange. The ATM will provide a comfortable user-end, fast transactions, and security to provide the most customer-friendly service. This […]

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Sending and Receiving Money With Bitcoin

The bitcoin system is one of the first types of crypto-currency which has existed in the market since January 2009. What makes bitcoin different from regular currencies is the fact that bitcoin uses cryptography to monitor and control the creation and transfer of the currency between different parties. Bitcoins are generated over time at a diminishing rate, and the maximum amount of bitcoins in the market at one time is 21 million units. The usage of bitcoin eliminates the need of a third party when it comes […]

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Why Invest In Bitcoin?

Bitcoin continues to outperform every reserve and fiat currency across the world. In sign of an increased confidence in the future of the cryptocurrency, Barry Silbert’s Bitcoin Investment Trust (BIT) has doubled its initial public offering (IPO) amount to $1 bln. An amendment filed with the US Securities and Exchange Commission (SEC) on Thursday includes the new figure as the agency reconsiders its March decision to deny the Bitcoin ETF market access. By outperforming the US dollar by almost 50 percent, Bitcoin surpassed the growth of the […]

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