Bitcoin Price Surpasses $3,950 by Recording 7.11% Increase as US-North Korea Tension Intensifies
Today, on September 25, bitcoin price surged from $3,690 to $3,950, recording a staggering 7.11 percent increase over the past 24 hours. Analysts attributed the overnight surge in the price of bitcoin to the intensifying conflict between the US and North Korea.
Earlier today, North Korea’s foreign minister Ri Yong-ho held an abrupt press conference in New York, accusing the US President Donald Trump of declaring war against North Korea. Ri emphasized that the “world should clearly remember” that it was the US which supposedly declared war against North Korea. Ri told reporters:
“In light of the declaration of war by Trump, all options will be on the operations table of the supreme leadership of the DPRK [North Korea].”
The North Korean government’s threats against the US and the completion of a collaborative military drill between the US and Japan in which B-1B bombers from Guam and F-15 fighter escorts from Okinawa, Japan flew over the waters of North Korea, led global stocks to plunge. More to that, reserve currencies such as the US dollar and Japanese yen declined in value.
Full story at http://bit.ly/2xtb7KQ
Source: CryptoCoinsNews
The History of Bitcoin.com: An Introduction to Our New Company Blog
This September is our two year anniversary operating Bitcoin.com — the world’s most interactive web portal dedicated to educating the world about the technological innovation we all love — Bitcoin.
The website Bitcoin.com is a big project, and we’ve been steadily improving every corner of the site over the last two years. The domain has a long history and has passed through many hands over the course of the past eight years. In fact, Bitcoin.com was registered in January of 2008, a year before the protocol was released by Satoshi Nakamoto back in January of 2009. After the domain was created, one of the earliest bitcoin exchanges, Tradehill, took over the website six years ago but the ownership didn’t last long. The trading platform fell apart, and the domain was then transferred over to Roger Ver in April of 2014.
Ver explains that he purchased Bitcoin.com for an undisclosed sum. Originally Blockchain.info was going to use the website as the main landing page Ver says, but the idea never came to fruition. Following this Ver negotiated a deal with the Chinese exchange, Okcoin, to lease the website as he had several other offers from interested parties. Ver says that Okcoin provided the best offer for the lease agreement and the two parties worked out an arrangement. Okcoin didn’t put much work into the website’s design and in May of 2015 Ver revealed to the public that the exchange owed him funds for overdue payments. Ver explains that “Okcoin breached the agreement in every manner possible.”
Full story at http://bit.ly/2xtWtTu
Source: Bitcoin News
Wind Energy Used To Mine Cryptocurrency To Fund Climate Research
Sometimes things have to get worse before they change for the better. A fever is an example. To a certain point, fever rises to an intense degree to chase out the pathogens of the common flu. However, if the heat hits a certain point, it injures more than it helps. Climate change has already reached (passed) a life-threatening stage. It is plain that the beginnings of pollution and climate change trouble came with our “modern” industrial age. Yet, modern research and technology are also key to returning to a stable climate and clean air.
I’m disappointed that everyone has not watched Chasing Ice to better understand where we are headed with that. It is a brilliant intersection of documentary, science, climate change, adventure, and art/film. It is also a way to personalize climate science and help bring more support to this critical area of research.
Another way to bring more attention and funding to climate science is by using renewable energy to “uncover” cryptocurrency. Say what?
Julian Oliver, who used wind energy “to mine cryptocurrency to fund climate research,” explains further after the artistic picture.
Full story at http://bit.ly/2xtHBoc
Source: CleanTechnica
Crypto Mining ”More Profitable Than Drugs and Arms Trafficking” in Russia
2017’s cryptocurrency boom sparked widespread graphics card shortages globally, with the most extreme shortages being witnessed in low-wage nations such as Russia – where cryptocurrency mining can offer returns that rival many mainstream careers. Following a dramatic increase in mining activities from both the public and private sector, RT, an international news organization funded by the Russian state, has conducted interviews with several miners, seeking to gain insights into Russia’s bitcoin and cryptocurrency mining industry.
RT spoke with a Siberian miner, Ilya, who describes a rising popularity of bitcoin mining that penetrates all demographics in Russian society. Ilya states that “pensioners come to their grandchildren, and give them gadgets for mining as presents. They hold competitions among their grandchildren who will earn most bitcoins! Essentially, pensioners get their grandkids hooked on mining!”
RT met with Dmitry, a 15-year-old schoolboy who has started to mine for bitcoin. Dimitry states that “mining technologies are very promising. An increasing number of people get involved in this, get new skills and improving old practices.” Despite growth in the sector, the student concedes that he has encountered skepticism regarding his activities, including from his parents. “Although I have vividly described to them the mining process and the opportunities of mining, they feel suspicious about it. That’s why I have to do this alone.”
Speaking at the recent “Digital Economy: Generation Z” quiz in Moscow, 16-year-old Yaroslav claimed to have made paper gains of over 12,000% this year through cryptocurrency investments. Yaraslov stated that he “invested 1,000 rubles ($17 USD) in February. Seven months have passed, and now I have 127,000 ($2,200 USD) in cryptocurrency equivalent.”
Full story at http://bit.ly/2xtiSA9
Source: Bitcoin News
Wait and Watch? Bitcoin Prices Hover Near Make or Break Level
What's behind bitcoin's recent lethargic price action?
Well, for one, investors appear to be waiting on the sidelines as they seek clarity out of China following news that the country's exchanges will shut down operations by October's end. Traders, it seems, are in no mood to take up big positions, as evidenced by the drop in the volumes.
But, coinciding with this decline has been lack of substance in the bitcoin-U.S. dollar (BTC/USD) exchange rate.
After a rally from the September 15 low of $2,908, bears made their presence felt but were reluctant to push the digital currency back to $3,000 levels. The weak selling pressure helped BTC regain some poise, although gains are now being capped at the key downward sloping trend line hurdle.
Full story at http://bit.ly/2jY85sf
Source: CoinDesk
Money Psychology: How Cryptocurrency Makes Us More Compassionate (Part 2)
Fiat currencies make us mean and inhumane, according to most money research. On the other hand, cryptocurrencies might bootstrap humankind with more compassion, tenderness, and love. These digital assets could disrupt our psychology and increase human happiness. It’s in the nature of how these currencies function.
That said, if fiat currencies do exacerbate or even cause the money-empathy gap, and other negative psychological phenomena, how does cryptocurrency negate that? Before delving into the psychology of cryptocurrencies, it is important to examine how cryptocurrencies are different from fiat monies.
Cryptocurrencies by their nature were meant to alter human psychology. They were created by crypto-anarchists for the purposes of reshaping the social order — by undermining a system that was erected on the blood and sweat of the people. In this sense, whenever someone creates technology to alter society, it also augments human behavior. Digital currencies do this because they have several properties that fiat currencies do not possess.
Full story at http://bit.ly/2jYP0X8
Source: Bitcoin News
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