Friday, July 21, 2017

Suddenly, Bitcoin Price Shoots Up To $2500 As Poloniex Halts Litecoin Trading

Suddenly, Bitcoin Price Shoots Up To $2500 As Poloniex Halts Litecoin Trading

Bitcoin has shot up $200 in hours as a sudden bull run sees the virtual currency retake $2500.


Data from cross-exchange readings at Coinmarketcap shows Bitcoin’s price suddenly react during Thursday to go from $2300 to $2510.


At press time, the upward trajectory is continuing, while investors expecting Litecoin to benefit from a knock-on effect are venting frustration at major exchange Poloniex freezing trades.


Poloniex has yet to respond to demands for an explanation from users, who are venting their frustration on social media outlets.


Full story at http://bit.ly/2uFkW6P


Source: CoinTelegraph


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The Real Story Behind Bitcoin Price Volatility

The Real Story Behind Bitcoin Price Volatility

Our London Correspondent Nick Ayton, the ‘Sage of Shoreditch,’ has been speaking to the Bitcoin core community about the politics and power struggles that will impact SegWit decision-making.


What happens to Bitcoin holders in the weeks ahead?  What will be the consequences of SegWit for the user community and what does it mean to Bitcoin as a cryptocurrency and the role of miners?  Is the economic model for Bitcoin being forced to change as the investment in POW infrastructure remains significant and where are the rewards declining?


Full story at http://bit.ly/2ugdEE7


Source: CoinTelegraph


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Bitcoin Price Breaks $2,600 As SegWit Nearly Finalized, $3,000 In Sight

Bitcoin Price Breaks $2,600 As SegWit Nearly Finalized, $3,000 In Sight

Within a 24-hour period, Bitcoin price increased from $2,300 to $2,600, recording a staggering 13 percent surge in value.


Earlier this week, miners began to signal for Bitcoin Improvement Proposal BIP 91, a kludge between the original Segregated Witness (SegWit) proposal and the Digital Currency Group-led SegWit2x, also known as the Silbert accord.


Despite its short timeline that may cause difficulties for developers resulting from technical instability, BIP 91 was the last chance for miners and the Bitcoin community to avoid a network split, which would have led to the creation of two Bitcoin Blockchains or Bitcoins.


In contrast to user-activated soft fork, BIP 91 is a miner-activated soft fork, which will activate SegWit, a transaction malleability fix and scaling solution developed by the Bitcoin Core development team at an 80 percent activation threshold, as listed on the SegWit2x proposal.


Full story at http://bit.ly/2uFvWkH


Source: CoinTelegraph


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Bitcoin Price Surges to One-Month High as Tech Outlook Improves

Bitcoin Price Surges to One-Month High as Tech Outlook Improves

After dropping to a low of $1,836 this weekend, the bitcoin price is once again climbing back toward all-time highs.


According to CoinDesk's Bitcoin Price Index, the price of bitcoin rebounded to $2,730 today, the highest value observed on the BPI since June 23 and just $300 off its all-time high of $3,025, set on June 11.


So, what's driving traders?


Overall, analysts are reporting that the recovery is largely due to the improving outlook for bitcoin's technology roadmap, spurred by the expected 'lock in' of a code upgrade called BIP 91 today.


Full story at http://bit.ly/2vGY5ob


Source: CoinDesk


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The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol. The China-based Bitmain technologies announced their support via Twitter by stating;


"All of our bitcoin mining pools will start running the new Segwit2x software today"


Other mining pools signaling and mining BIP91 blocks include Bixin, Antpool, BTC.com, Bitfury, and Bitclub so far. Now spectators are waiting for other pools like BTCC, F2pool, Slush, and a few others to join. Back in June Bitcoin.com reported on how a vast majority of the hashrate was signaling their initial support for Segwit2x. Miners running the new BTC1 software and currently signaling BIP91 means that if enough hashrate reaches over 80 percent and continues for a 336 block period, Segwit will “lock in”. If all is successful, this will then lead to another 336 block period that will activate the Segwit protocol on the main chain.


Full story at http://bit.ly/2tcbR1y


Source: Bitcoin News


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BIP 91 Locks In: What This Means for Bitcoin and Why It's Not Scaled Yet

BIP 91 Locks In: What This Means for Bitcoin and Why It

BIP 91 has officially locked in.


At press time, bitcoin's miners, the network of computer operators that secure the blockchain, have now been signaling that they will upgrade the code for 269 blocks in the same signaling period, a move that takes the software one step closer to changing its structure to accommodate more transactions.


Stepping back, the move finds miners agreeing to cement the first part of a larger effort to upgrade bitcoin, called Segwit2x.


The controversial proposal seeks to change the transaction structure of the network via Segregated Witness, and increase a cap on the amount of data that can be stored in transaction blocks, a move tentatively scheduled for later this fall.


Full story at http://bit.ly/2tliqPk


Source: CoinDesk


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Thursday, July 20, 2017

Trump Navy secretary nominee: Climate change is real and poses a threat

Trump Navy secretary nominee: Climate change is real and poses a threat

President Trump’s Navy secretary nominee said Tuesday he is “totally aware” of the threat posed by climate change and committed to addressing it if confirmed.


“The Navy is totally aware of rising water issues, storm issues, etc.” nominee Richard V. Spencer told the Senate Armed Services Committee on Tuesday.


“We must protect our infrastructure, and I will work hard to make sure we are keeping an eye on that because without the infrastructure, we lose readiness.


Full story at http://bit.ly/2thECtz


Source: http://thehill.com


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Want to fight climate change? Have fewer children

Want to fight climate change? Have fewer children

The greatest impact individuals can have in fighting climate change is to have one fewer child, according to a new study that identifies the most effective ways people can cut their carbon emissions.


The next best actions are selling your car, avoiding long flights, and eating a vegetarian diet. These reduce emissions many times more than common green activities, such as recycling, using low energy light bulbs or drying washing on a line. However, the high impact actions are rarely mentioned in government advice and school textbooks, researchers found.


Carbon emissions must fall to two tonnes of CO2 per person by 2050 to avoid severe global warming, but in the US and Australia emissions are currently 16 tonnes per person and in the UK seven tonnes. “That’s obviously a really big change and we wanted to show that individuals have an opportunity to be a part of that,” said Kimberly Nicholas, at Lund University in Sweden and one of the research team.


The new study, published in Environmental Research Letters, sets out the impact of different actions on a comparable basis. By far the biggest ultimate impact is having one fewer child, which the researchers calculated equated to a reduction of 58 tonnes of CO2 for each year of a parent’s life.


Full story at http://bit.ly/2tsLF72


Source: The Guardian


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Doomsday narratives about climate change don't work. But here's what does

Doomsday narratives about climate change don

The title of David Wallace-Wells’ recent essay in New York magazine is catchy, if not uncomfortable. “The Uninhabitable Earth: Famine, economic collapse, a sun that cooks us: What climate change could wreck – sooner than you think.”


The article asks us to peer beyond scientific reticence into a doomsday future. The accounts of mass heat deaths in cities and praying for cornfields in the tundra is disturbing, but they’re familiar. It’s the same frame for how we talk about a much more immediate climate change disaster – US communities at risk to sea level rise today. 


We’ve labeled Shishmaref, Alaska, a community that voted to relocate because of climate change impacts last August, a “tragedy of a village built on ice”. We’ve marketed Isle de Jean Charles, Louisiana, the first US town to receive federal funding to relocate, as climate change refugees watching their town slip into the sea. And we ask “Should the United States Save Tangier Island From Oblivion?” on the Chesapeake Bay island’s future. 


Each of these follows a recognizable storyline: a vanishing island, a culture slipping away and an ensemble of characters unsure of what their future holds. Each piece tells a cookie-cutter version of a vulnerable village in fear of rising tides and residents as victims on the frontline of climate change.


Full story at http://bit.ly/2uaBYXK


Source: The Guardian


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Colorado joins 'climate alliance' of states fighting global warming

Colorado joins

(Reuters) - Colorado's governor signed an executive order on Tuesday making his state the latest to join a "climate alliance" of U.S. states and governors seeking to meet the goals of the Paris accord after President Donald Trump's decision to pull out of the pact.


The order calls for Colorado to reduce greenhouse gas emissions by more than 26 percent from 2005 by 2025 and lower carbon emissions from the electricity sector by 25 percent, among other goals.


"Coloradans value clean air and clean water," Democratic Governor John Hickenlooper said in a written statement. "Our strong economy is a reflection of how our exhilarating outdoors attracts young entrepreneurs and the talent they need for their businesses.


Full story at http://read.bi/2uERi18


Source: Business Insider


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Why a Warming Arctic May Be Causing Colder U.S. Winters

Why a Warming Arctic May Be Causing Colder U.S. Winters

When a U.S. Republican senator threw a snowball onto the Senate floor in late February of 2015, he used it to underscore his belief that human-made climate change was an alarmist conclusion. The snowball had been rolled from the Capitol grounds in Washington D.C., which, at the time, was experiencing an uncharacteristically cold winter.


If global warming was real, he posited, how could the nation's capital experience such severe cold?


Uncharacteristically cold winters, however, just might be one of the most hard felt effects of climate change, according to a study published in Nature Geoscience by a team of researchers.


The study found that unusually cold temperatures in northern North America and lower precipitation in the south central U.S. all coincided with periods of warmer Arctic weather.


Full story at http://bit.ly/2uLpYzl


Source: National Geographic


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Global warming is now threatening wine production in the Mediterranean

Global warming is now threatening wine production in the Mediterranean

We all know that global warming will trigger sea level rises, and cause mass disruption to our civilisation on a worldwide scale.


But there’s a more imminent danger which will leave some drinkers gasping - rising temperatures are disrupting wine production, threatening wine supplies from hotter countries.


A new report says slightly increased temperatures in the Mediterranean region as a result of global warming may result in labour and productivity losses in the European wine industry.


An article in the Temperature journal outlines the effects of high temperatures on the labour output and productivity of manual agricultural grape-picking workers.


Full story at http://ind.pn/2gMrXwT


Source: Independent


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Wednesday, July 19, 2017

My needs are simple


The best time to buy #Bitcoin was 2 years ago


I'm a programmer


You have your father's lies


Pablo Picasso #Quote


Game of Bananas


The biggest #Bitcoin price drop


I Love Rumors


Let Obamacare Fail


Bitcoin Q&A: SegWit, scaling, and consensus


Published on 18 Jul 2017


What will happen in the next couple of weeks regarding the upgrade to SegWit and the potential for a network fork? How do I keep my bitcoin safe? Ask your wallet providers and exchanges what they're going to do (if you trust them).


This is part of a talk which took place on July 7th 2017 at a Bloktex event hosted by the Wisma BeeOn Group in Kuala Lumpur, Malaysia: https://antonopoulos.com/event/the-future-of-money-kuala-lumpur-malaysia/

 

 

 

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Tuesday, July 18, 2017

$500,000 per Bitcoin? Public Personas Get Bullish on Bitcoin

$500,000 per Bitcoin? Public Personas Get Bullish on Bitcoin

On July 7, Fundstrat’s Tom Lee became the $500,000 per Bitcoin? Public Personas Get Bullish on Bitcoinfirst big league Wall Street strategist to analyze bitcoin under a light of optimism. In a report, he claimed bitcoin could reach $55,000 by 2022. He also commented on the gold market, saying that urgency for possessing bitcoin will act as a substitute for gold. A CNBC article covered his enthusiasm:


“We believe one of the drivers [of bitcoin] is crypto-currencies are cannibalizing demand for gold. Based on this premise, we take a stab at establishing valuation framework for bitcoin. Based on our model, we estimate that bitcoin’s value per unit could be $20,000 to $55,000 by 2022.”


He went on to say gold’s market value currently sits at $7.5 trillion, and bitcoin is $41 billion (at the time of writing). However, gold’s supply is swelling due to intensified mining operations, whereas bitcoin’s supply will remain stable as a result of the 21 million cap. This apparently places a huge demand burden on bitcoin, which may cause the price to trend forcefully upward.


Full story at http://bit.ly/2tce2Sz


Source: Bitcoin News


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The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

The Bitcoin Scaling Countdown: Miners Begin Running Segwit2x Software

As the price of bitcoin dropped to new lows this weekend, some bitcoin proponents were patiently waiting for the promised BTC1 software. Now it seems in a short period of time the bitcoin ‘community’ may see the protocol Segregated Witness (Segwit) activated as the mining community has begun to signal BIP91. The proposal BIP91 is a combination of Segwit2x and BIP148. The version 1.14.4 code has been pushed to the repository by the Segwit2x working group, and a few mining pools have already started running the protocol. The China-based Bitmain technologies announced their support via Twitter by stating;


All of our bitcoin mining pools will start running the new Segwit2x software today.


Other mining pools signaling and mining BIP91 blocks include Bixin, Antpool, BTC.com, Bitfury, and Bitclub so far. Now spectators are waiting for other pools like BTCC, F2pool, Slush, and a few others to join. Back in June Bitcoin.com reported on how a vast majority of the hashrate was signaling their initial support for Segwit2x. Miners running the new BTC1 software and currently signaling BIP91 means that if enough hashrate reaches over 80 percent and continues for a 336 block period, Segwit will “lock in”. If all is successful, this will then lead to another 336 block period that will activate the Segwit protocol on the main chain.


Full story at http://bit.ly/2tcbR1y


Source: Bitcoin News


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Donation:
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