Monday, August 27, 2018

CNBC Documentary / Bitcoin Cash Fork? / Iran / NiceHash

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Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (1:59 p.m. EST): $6,764.52 (1.01%) // 90-day high: $8,362.59 // 90-day low: $5,755.25/ / More

$BCH (2:00 p.m. EST): $532.61 (2.27%) // 90-day high: $1,663.91// 90-day low: $513.11 // More

$ETH (2:00 p.m. EST): $279.15 (1.68%) // 90-day high: $790.72 // 90-day low: $242.75 // More

$LTC (2:01 p.m. EST): $57.71 (1.14%) // 90-day high: $162.87 // 90-day low: $52.78 // More

$XRP (2:01 p.m. EST): $0.32 (2.20%) // 90-day high: $0.86 // 90-day low: $0.22 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. CNBC will air a documentary on bitcoin tonight at 6 p.m. EST. Titled "Bitcoin: Boom or Bust," the program promises to "explore the world of bitcoin," looking at the "cast of characters" that make up the bitcoin community. However, the documentary has already received criticism from a short trailer released over the weekend. Most notable is the misuse of the term "HODL," and the focus on bitcoin millionaire Crypto Kid. –ETHEREUM WORLD NEWS

CNBC to air bitcoin documentary
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2. Bitcoin cash could split as two feuding parties seem to be at odds over the future of the coin. Two bitcoin cash software clients – Bitcoin ABC and Bitcoin SV – disagree over the use of atomic swaps, which allows for the exchange of one cryptocurrency for another without the use of third party. Bitcoin ABC announced the initiative in its latest release, however bitcoin cash's largest miner has said it will not commit the hash power for the initiative. While a fork may happen, there are some that believe the two sides are simply making noise to get attention. -INVESTOPEDIA

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3. The Iranian government may reverse its cryptocurrency ban next month. Nasser Hakimi, the chief of innovative technologies at the Central Bank of Iran, said at a recent conference that the government will review the ban amid recent economic turmoil in the nation. Iran issued a blanket ban on cryptocurrencies in April. There is belief that the Iranian government may want to create its own digital coin as a way to raise funds. -BITCOINIST

Iran may lift cryptocurrency ban
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4. Bitcoin in 2018 is much stronger than it was in 2014, according to researcher Willy Woo. Bitcoin slumped in 2014, losing 90 percent of its value over several months and not regaining its value for several years. Woo believes the 2014 crash was intensified by the bankruptcy of Mt. Gox. That type of event has not been part of the 2018 crash, but instead Woo has seen a growing number of institutional investors enter the marketplace. As a result, he believes a bitcoin rebound could come quicker. –NEWS BTC

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5. Bitcoin-mining marketplace NiceHash said it has reimbursed 60 percent of the bitcoins that were stolen late last year. The company suspended operations in December after 4,700 bitcoins were stolen by hackers. While the investigation into the hack continues, the exchange plans to fully reimburse clients that lost coins. It is doing so at a staggered approach as funds become available. Customers are being repaid in bitcoin. -COINGAPE

NiceHash reimbursed 60 percent of stolen funds
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6. Red Hat plans to use blockchain to see how customers use cloud products. The company filed a patent last week that outlines how a blockchain would track cloud transactions across a given platform. The goal is to create a system that tracks software usage for billing purposes without the need to develop new infrastructure. –COINDESK

7. Authorities in India have made an arrest in a high-profile bitcoin scam. Police said the scammer threw lavish parties across the country to lure investors to purchase cryptocurrencies, which he then stole. -BITCOINIST

8. A short talk about blockchain. Just watch the video. –BUSINESS INSIDER

9. A financial analyst believes bitcoin's drop is a thing of the past. He looks at the bearish sentiment surrounding the future market for proof. –COINDESK

10. Here is a look at some altcoins that have succeeded lately against bitcoin. Among the biggest gainers are Nano, Dent, and ICON. –CCN

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From the Forums

A trailer for a new ethereum game.

Thoughts from a dev call.

No chain split.

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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