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So you want in on bitcoin? Guide for Noobs Simple and Not A Lot of Money setup an account on coinbase.com, buy your coins, walk away until next year or later, fees are ~1.5% which is $1.5 USD for a $100 USD of coinnote coinbase does have an option to buy via credit card instead of a bank account, fees are ~4% when you do that, your credit card company may charge more if it considers it a cash transfer Guide for Not Noobs Less Simple -setup an account on coinbase.com, move dollars into your account, setup an account on gdax.com (same company, same login), move your cash from coinbase to gdax, buy your coins on GDAX at Market, fees are cheaper 0.25% versus 1.5% -consider buying alternative coins supported by coinbase No Fees -all of the above but use GDAX's Limit/Buy, zero fees, but you have to wait for the market to dip below your buy price More Money Available -setup several Limit/Buy orders at different price points to capture dips when you are away More Control but M...

Bitcoin  In October 2017, LendEDU, a marketplace for financing loans, credit cards and other financial products, polled 1,000 Americans asking a series of questions related to Ethereum, Ripple and initial coin offerings (ICOs). They did this to gain insight into the average American’s perception of cryptocurrency.  The poll  was conducted by online polling company OnePoll, which acted as a third party and was able to provide an age and gender breakdown of respondents. The poll was answered by 1,000 Americans ages 18 and up over two days, from October 27 to 30. Ethereum : At the time of writing, with a market capitalization of $28.49 billion, Ethereum is the second-largest cryptocurrency, about one-fourth the market capitalization of Bitcoin. Since the start of 2017, the price of ether has grown from $7.98 to $298. 31.60 percent of Americans have heard of Ethereum and 18.20 percent of Americans are planning to invest in ether (ETH) The survey show...

Bitcoin  Bitcoin blockchain mining infrastructure provider  BitFury  has announced it has made a strategic investment in the universal African Bitcoin exchange   BitPesa . Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts. BitPesa is also one of the few Bitcoin organizations in Africa that provide bank deposits and withdrawals, which allows senders and receivers to take advantage of cheap, efficient and quick payments using Bitcoin to exchange African and international currencies. This removes the dependence on other currencies such as the U.S. dollar that have high international conversion rates. BitFury CEO Valery Vavilov told  Bitcoin Magazine  there has been a serious lack of investment in financial infrastr...

Bitcoin  Here's what you can do with your BCH now that the first blocks are being mined. Please note: Everything in this article is just advice, based on our best understanding of the current situation. Everything is still very uncertain and subject to change: Be extremely careful! Bitcoin Cash (sometimes referred to as Bcash, and mostly using the tickers BCH or BCC) launched today. Anyone who held bitcoin at 12:20 p.m. UTC should have an equivalent amount of BCH attributed to their Bitcoin private keys. In our  beginner’s guide to surviving the BIP 148 split , which was subsequently updated to also cover the Bitcoin Cash launch, we explained how to secure your private keys so you could be sure to access your BCH. At the time of writing that article, much was still uncertain about how this event would play out. Much is still uncertain, but to the extent that the situation can be understood at present, this article explains how you can claim — and potentially use — your B...

Bitcoin  The way we consume media content has been on a continual overhaul for the past two decades. Every aspect of media distribution has become more streamlined from the razor-thin devices we use to consume media to the manner in which we purchase and store our coveted content. Books, music and movies have all seen their physical bodies and storage locations dissolve, to be replaced with on-demand downloads and digital copies. The digital content revolution has done a lot for increasing access and visibility for artists and authors, but the current publishing giants have failed to adequately adjust to the times in a few crucial areas. While it's true that platforms such as YouTube and Medium have granted publishing access to the greater public and eliminated gatekeeping middlemen like talent agents and PR people, the current digital content sharing platforms have built their empires on the skeletons of the publishing giants’ templates that existed before and, unfortunately, ...

Cryptocurrency-related cyber attacks are on the rise . As cryptocurrency continues to explode in value and public awareness, we can only expect this trend to continue. I was recently the target of such an attack. I also personally know of multiple other cases of the same attack being successfully carried out. Even worse, this type of attack is becoming ever more common and is likely to see an even bigger boost thanks to the  professional excellence of firms like Equifax , making it an urgent topic as almost everyone is at immediate risk. This article describes this increasingly common attack vector and provides immediate steps you can take to protect yourself. I will also provide additional tools and best practices to further safeguard yourself and your funds more generally. As a computer programmer active in the crypto ecosystem since early 2013, I’ve always been too aware of the constant threat of cybersecurity attacks and the possibility that I could be targeted at any time. ...

Gold ownership Reflecting gold’s historical repute as a scarce and valued resource, Bitcoin has become known in many investment circles as “digital gold.” With its unprecedented rise, Bitcoin’s worth is now estimated to be about twice that of an ounce of physical gold. On August 7, 2017, the startup  GoldMint was launched with the intent of ushering in a new digital era of gold as a store of value. This project aims to provide a unique set of gold ownership solutions for cryptocurrency investors and enthusiasts worldwide. It is holding an  initial coin offering  (ICO) that starts in less than 12 hours.  The GoldMint project reaffirms the notion that physical gold is a respected method of payment and wealth preservation, all tied to its value and scarcity. Gold ownership, however, requires expensive security, safekeeping and insurance. GoldMint’s innovative approach seeks to address these inherent issues. GoldMint purchases, sells and repurchases their native dig...

Bitcoin While China tightens its grip on its cryptocurrency community, Japan is openly embracing cryptocurrencies and blockchain technology, legalizing bitcoin, and encouraging and funding blockchain research. Even Japan’s banks are onboard, working collaboratively to develop a blockchain platform specifically for the financial sector. With its 120 member banks, the  Japanese Bankers Association  (JBA) is creating a Collaborative Blockchain Platform and is actively looking for a company to supply its blockchain technology on an ongoing basis. Experimenting with the Collaborative Blockchain Platform, the JBA will initially determine which financial services best lend themselves to the new platform, likely including settlement/transfer services, know-your-customer (KYC) systems and financial infrastructure such as their Zengin System and Densai Net System. Japanese bitcoin exchange bitFlyer is stepping up to the plate to take on tech giants including Fujitsu, Hitachi and NT...

Bitcon China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified. Despite this lack of clarity, here’s what’s known so far. Effects on Trading The most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China. BTCC — the oldest bitcoin exchange in the world — was the first exchange to announce they’d be closing shop within the Asian country, by the end of this month. The exchange  cited  guidelines  published by the Chinese central bank (the People’s Bank of China; PBOC), which initially appeared to only affect ICOs, as its reason for closing down. Other exchanges quickly followed BTCC's lead.  ViaBTC ...

Bitcon China is clamping down on cryptocurrency, that much is clear. But while the developing story dominates headlines, a notable trend is the lack of official information. Chinese officials seem to systematically decline requests for comments, local sources are willing to provide information on condition of anonymity only, while leaked documents remain unverified. Despite this lack of clarity, here’s what’s known so far. Effects on Trading The most important thing we know for sure is that Chinese bitcoin exchanges will be closing down, or at least exiting China. BTCC — the oldest bitcoin exchange in the world — was the first exchange to announce they’d be closing shop within the Asian country, by the end of this month. The exchange  cited  guidelines  published by the Chinese central bank (the People’s Bank of China; PBOC), which initially appeared to only affect ICOs, as its reason for closing down. Other exchanges quickly followed BTCC's lead.  ViaBTC ...

Bitcoin  Yesterday  a video teaser  from blockchain technology company Blockstream created  waves of excitement  among enthusiasts of both cryptocurrencies and space. Most participants speculated that Blockstream was about to implement the idea, promoted by Bitcoin developer Jeff Garzik (among others), of a satellite system that streams the Bitcoin blockchain to the whole planet from space. The speculations were, indeed, correct. Today, the company is announcing  Blockstream Satellite , a new service that broadcasts real-time Bitcoin blockchain data from satellites in space to almost everyone on the planet. Blockstream Satellite covers across two-thirds of the Earth’s land mass and, according to the company, additional coverage areas will soon come online to reach almost every person on the planet by the end of the year. “Bitcoin is a powerful and transformative internet native digital money that has blazed a trail of disruption, with its full potential...

100 Bitcoin The Bitcoin community is not taking kindly to  BitPay  this week.  Influential  developers are accusing the major payment processor of fraud, Bitcoin users on  social media  are calling for boycots, bitcoin.org  is  removing recommendations of the company’s products, and NBitcoin developer Nicolas Dorier has  launched  an initiative to fork some of BitPay’s projects altogether. Here’s why. Bitcore The controversial issue has to do with Bitcore . Bitcore is a type of Bitcoin node developed by BitPay. It is specifically designed to offer a development platform, on top of which it is easy to build all kinds of Bitcoin applications. Anyone can use this open-source tool; some of the better-known applications that utilize it include video-streaming service  Streamium ,  Trezor ’s web interface and BitPay’s own  Copay  wallet. Within the  next a couple of days , most likely on August 23, the long...