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Your Weekly Bitcoin News

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Your Weekly Bitcoin News

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October 22, 2017 | $5,959.87

Wild Case of Religion, Bitcoin, Hacking, Ends in Prison Sentences

Criminal hacking is nothing new, but this case has it all: religion, bitcoin, and ransomware. It's hard to turn away. Unfortunately real people and their lives were impacted, along with the early reputation of the world's most popular cryptocurrency.

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Bitcoin Hard Forks Mean Tax Complications, IRS Offers Little Help

With three hard forks in less than twelve months a real possibility, many bitcoiners are wondering about their implications. Often left out of the debate are tax consequences. The Internal Revenue Service (IRS) hasn't offered much clarity since its announcements in 2014, and even those were of little help.

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Bitcoin Cash Community Preps Hard Fork Slated for November 13

Over the past few weeks, the discussion regarding fixing the Difficulty Adjustment Algorithm for the Bitcoin Cash network has been a very hot topic. Now according to sources, the protocol's developers are in the midst of planning a hard fork slated for November 13, 2017.

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Former Yunbi COO Shares His Outlook for Bitcoin Markets After China's Crackdown

Lao Mao, the former chief of operations for the Chinese cryptocurrency exchange Yunbi, has posted a statement outlining his outlook for bitcoin's future both in China and globally moving forward from China's crackdown.

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With Bitcoin's Price Above $6000 USD, Satoshi Nakamoto Should Be on Forbes' Rich List

Bitcoin's recent spike above $6000 USD has elevated the estimated value of Satoshi Nakamoto's holdings to more than $6 billion USD, qualifying the anonymous creator of bitcoin for Forbes' list of richest individuals. At current bitcoin prices, Satoshi Nakamoto's estimated 1,000,000 bitcoins would place bitcoin's founder at number 237 on Forbes' list.

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Algorithmic Trading Platform Quantconnect Extends Reach to Cryptocurrencies

The GDAX exchange, owned and operated by the firm Coinbase has just announced integration with the popular algorithmic trading platform Quantconnect. Now cryptocurrency traders can utilize Quantconnect's trading algorithm interface to execute a swathe of exchange strategies.

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Survey Respondents Say Bitcoin to Reach $10,000

What a difference just a few months make. Once viewed as a plaything for cryptoanarchists and cypherpunks now has become the talk of professional investment communities and media. As of this writing, bitcoin (BTC) has touched 6,000 USD in price. A recent survey suggests $10,000 per BTC is not out of the question. 

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Satoshi Revolution- Chapter 2: Currency Creates Freedom and Civilization…Or Oppression (Part 4)

The Satoshi Revolution: A Revolution of Rising Expectations. Section 1: The Trusted Third Party Problem Chapter 2: Monetary Theory by Wendy McElroy

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Microchip Powerhouse TSMC Credits High Performing Quarter to Cryptocurrency Mining

The world's largest independent semiconductor foundry, the Taiwan Semiconductor Manufacturing Company (TSMC), has attributed its high performance for the third quarter of 2017 to surging demand for cryptocurrency mining hardware.

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Overstock.com's Stock Shares Soar in Relation to Bitcoin

The e-commerce dark horse, Overstock.com, has experienced stock shares soar as a result of their acceptance of bitcoin and blockchain. Speculation in digital currency has mirrored its effect on Overstock's shares. According to a CNBC article, the company closed Tuesday up about 11.6%. It briefly soared 14 percent prior to that close. 

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Y'alls Platform Allows Article Monetization Using Lightning Network Micropayments

Just recently news.Bitcoin.com reported on the launch of the Lightning Labs desktop application that aims to open the doors for the protocol's future research and development. Now a new blogging and content creation platform called, "Y'alls," has been launched that allows users to read and write articles by utilizing Lightning Network micropayments.

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Italian Auction House is First to Allow Bidding with Bitcoin

Sant'Agostino, an Italian auction house, is the first to let people bid and settle with bitcoin. Auctioneers determined it will be the first one to allow for bitcoin to enter into the realm of auctioning. This brings bitcoin into yet another aspect of commercial and economic life. 

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Bitcoin Surging Means New Storage Fears as Users Take Extreme Measures

Bitcoin millionaires are now a thing, and so are thousandaires. It's been a good, good year for users of the world's most popular cryptocurrency. With sums exceeding expectations by a lot, problems arise. Keeping it all on a smartphone no longer seems reasonable. Exchanges prove insolvent. And so storage has become an obsession, leading to interesting extremes and hardware innovations. 

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A Look at Five Different Cryptocurrency Hardware Wallets and Prices

As bitcoin and alternative digital currencies grow more valuable, the demand for hardware wallets has grown significantly. Currently, there are a lot more options than when the first bitcoin hardware wallets came out and a lot more features. Here's a look at some of the most popular cryptocurrency physical storage devices out on the market today.

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Ukraine's New Bill Treats Bitcoin as Financial Asset and Encourages Mining

Two bills to provide legal frameworks for cryptocurrencies including bitcoin have now been submitted to the Ukrainian parliament. The latest one proposes recognizing them as financial assets. It also defines cryptocurrency derivatives, as well as proposes simplifying taxation and reducing electricity tariffs for mining activities.

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Here's Bitcoin.com's Updated Stance on Specific Bitcoin Chain Symbols and Monikers

A lot has changed in the cryptocurrency space, and things are entirely different than they were when bitcoin was launched by its anonymous creator back in 2009. One of these changes has affected the entire ecosystem, as the bitcoin scaling debate has caused significant strife between bitcoin proponents.

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