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How Bitcoin Can Solve the Automation Crisis

Automation has become a big fear in developed economies over the last few years. With the threat of huge waves of unemployment — coming from machines replacing human jobs — many people have taken up the fight against automation. But does automation really cause permanent unemployment? And can Bitcoin help reduce the pain of automation? …

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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

Bitmain Woes

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. The 23 employees at the Ra’anana site will not be

The post Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame appeared first on Bitcoinist.com.

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently

The post ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO) appeared first on Bitcoinist.com.

The Bitcoin Price Could Be Reaching a Turning Point, Time for Optimism?

Although things still look bleak for the bitcoin price, we could be reaching a turning point — for better or worse. According to the charts, the price is testing the current $3,000 USD level to define the next uptrend, or the continuance of the bear market. Also read: A Southern European Blockchain Bloc Has Formed. What …

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Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

Bitcoin price bottom BTC price

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his bullish price predictions, said “a lot of buy orders and support” would keep Bitcoin above $2000. “I’ll be very surprised

The post Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near appeared first on Bitcoinist.com.

A Southern European Blockchain Bloc Has Formed. What Next?

This week, officials from seven European Union nations issued a joint statement declaring their intentions to individually and collectively undertake further embraces of blockchain technology. The officials hailed the “enormous potential for growth in the digital sector” as a principal driver of the campaign. Will the new European blockchain bloc inspire other E.U. nations to …

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Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Tennis ball bouncing

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price  dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the show for BTC and the SEC’s  final postponement of a Bitcoin exchange-traded fund decision didn’t seem to help. Crypto-fanatics will

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Wirex CEO Pavel Matveev Talks Bitcoin Cash, Plans for 2019

Bitsonline got the chance to speak with Pavel Matveev, founder and CEO of popular crypto wallet and debit card provider Wirex. Matveev discussed the current state of the Bitcoin Cash hash war, the ongoing bitcoin bear market, and Wirex’s plans for 2019.  Also read: Coinbase Expansion: Exchange Eyes 31 More Cryptocurrencies Wirex CEO Talks Bitcoin Cash Drama, …

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Elevate Health Says People Can Live Longer With Blockchain Rewards

Should health insurance agencies offer incentives for “good behavior?” How would they monitor this? Bitsonline spoke to Simon Lewis of Elevate Health about “lifestyle illnesses,” how they’re a huge drain on national healthcare systems and the insurance industry — and how his company could help people save money (and their lives) by avoiding them. Also …

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The Sordid Tale of Woe Behind the WEX Exchange

The WEX cryptocurrency exchange has suspended withdrawals since July 2018. The exchange continues to operate and offer unbelievably high prices to attract new customers. Getting funds out is where the problems begin. Also read: New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts WEX: Why …

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