Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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October 26, 2017 | $5,838.87

Central Bank of Singapore Sees No Reason to Regulate Cryptocurrencies

Singapore has no plans to regulate cryptocurrencies such as bitcoin, according to the head of the Monetary Authority of Singapore. However, some laws are being formalized that could apply to some cryptocurrency activities and initial coin offerings (ICOs).

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Distributed Denial of Service Attack Greets Forked Bitcoin Gold on First Day

Only hours into its first day live, Bitcoin Gold's Twitter account announced it had been hit with a distributed denial of service attack (DDoS), forcing its website down for nearly four hours.

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Japan's GMO Plans to Sell 7nm Bitcoin Mining Boards Using Token Sale

Japanese internet giant GMO has announced a plan to sell its "next-generation mining boards," equipped with 7nm ASIC chips through an initial coin offering (ICO) next year.

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Coinbase Plans to Call the Fork With the Most Accumulated Difficulty "Bitcoin"

On October 23, news.Bitcoin.com reported on the exchange Coinbase revealing its plans to name the pending Segwit2x fork tokens, if the Bitcoin blockchain happens to fork again this November. After the company's first announcement, the following day Coinbase director of communications, David Farmer, wrote a clarification concerning how the firm will choose each chain's name.

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Swedish Company Cryex that Tried to Build Blockchains for Banks is Being Bought Out

Cryex, a company that intended to build blockchains for banks, is being sold off for bottom dollar. The business started to face difficult economic times, according to a news piece published today in Swedish media. The Swedish-based bitcoin exchange Safello are buying in exchange for shares, no cash involved, according to reports. Cryex originally burst into the spotlight in 2015 when investors poured 10+ millions of dollars worth of seed funding into the company. 

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Bitcoin Accessibility From a Blind Person's Perspective

Last week a fundraiser was started in order to get Satoshi Nakamoto's original bitcoin white paper written in Braille for blind people. Thanks to the generosity of many bitcoin proponents, the project's funding was successfully completed, and the paper will soon be made available to the general public.

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