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Your Daily Bitcoin News

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October 14, 2017 | $5,702.60

JP Morgan Boss Can't Stop Talking About Bitcoin — Calls Investors "Stupid"

The Wall Street tycoon and JP Morgan CEO Jamie Dimon is once again talking about bitcoin investors in a derogatory fashion. On October 12, Dimon told CNBC that he was done talking about bitcoin and that it was basically irrelevant to him. However, Dimon won't shut up about bitcoin as the bank executive called bitcoin investors "stupid" and someday they will "pay the price."

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Lightning Network Desktop App Now Available for Testing

Lightning Network developers released a testnet desktop application today for Lnd. According to the blog post, this will unleash a blitz of testing on the network. The developers actively want technical users to immediately begin experimenting with the application. They provided an official download link from their Github site. 

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Developer Amaury Séchet Discusses the Values of Bitcoin ABC Development

Over the past two months, the Bitcoin Cash network has been trucking along and currently holds the fourth largest cryptocurrency market capitalization. Recently news.Bitcoin.com covered the project's current Emergency Difficulty Adjustment (EDA) and the discussions concerning the future of the network's difficulty change. This week we spoke with the lead developer of the Bitcoin ABC client, Amaury Séchet, and discussed his vision of the Bitcoin Cash protocol and thoughts on the EDA solution.

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Big Name Investors Voicing Bitcoin Optimism Are Louder Than Negative Colleagues

Bitcoin's price is on a tear in 2017, and it's hard not to notice the decentralized currency's spectacular run this year. As the value climbed to new heights this October, surpassing $5800 per BTC across global exchanges, many well-known investors have stated this month that they believe bitcoin's future will be very bright from here on out.

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Nordic Law Firm Now Accepts Bitcoin Payments

A Finland-based law firm, Nordic Law, made an announcement Thursday they would begin accepting bitcoin payments for legal services rendered. Specializing in business and law, the firm recognized their clients' needs for leveraging alternative forms of payment. 

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Cryptocurrencies Expected to Cause "Massive Disruptions" – IMF Managing Director

The managing director of the International Monetary Fund (IMF), Christine Lagarde has again addressed the topic of bitcoin and cryptocurrency. At a recent IMF event, Lagarde told reporters that virtual currencies will comprise the catalyst for "massive disruptions" within the financial markets and fintech industries.

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Zenapay Latest PoS Bitcoin Solution to Enter Projected $50 Billion Cannabis Market

US cash-intensive cannabis businesses (420s) are looking for ways to meet customer demand while struggling under federal prohibition. Cryptocurrencies are increasing in popularity with 420s, and now Zenapay is entering the market with its own bitcoin solution.

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Judge's Decision to Delay Bitlicense Hearing Considered a 'Positive Step'

Last April news.Bitcoin.com reported on Theo Chino, the lone bitcoin entrepreneur that's been fighting the Bitlicense in court for two years. This week during Chino's case hearing, Judge Carmen Victoria St. George, decided to delay the Bitlicense trial until January 11, 2018, so she can review records used by the previous judge.

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Remittance Startup Bitspark Drops Bitcoin Over Network Fees

This week the Hong Kong-based bitcoin remittance provider, Bitspark, has announced the firm is switching its services over to the Bitshares blockchain instead of using bitcoin because it is "better suited for the company's business."

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