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Bitcoin Mining: A Closer Look Under the Hood

Bitcoin mining is an integral part of the cryptocurrency’s infrastructure. The operation helps process transactions, creates new bitcoins and submits the validated transactions to the publicized and immutable distributed ledger. Currently, the network’s hashrate is running at a phenomenal 3,418,031,852 GH/s, strengthening the bitcoin architecture more so each and every day. But many newcomers hearing […]

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Deloitte Accepts Bitcoin at its Restaurant Due to ‘A Lot of Requests’

Deloitte Canada announced this week that its Toronto office’s internal restaurant called Bistro 1858 now accepts bitcoin. talked to Iliana Oris Valiente, ‎Strategy and Execution Lead and co-founder at Rubix by Deloitte, to find out the reason behind this decision and how much interest in Bitcoin the firm is seeing. Most Visible Private Restaurant Bistro […]

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Online Wallet Coinbase Will Not Pay For On-Chain Fees, Forwards Cost to Customers

Over the course of the past six months, bitcoin miner fees have spiked significantly causing on-chain transactions over the network to be more expensive. Last week reported on Bitpay raising the cost of the company’s invoice rates to cover miner fees. Now Coinbase has announced their service will discontinue paying network fees and the […]

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Bitcoin Miner Repays Customer Who Accidentally Paid 2.5 Bitcoins Transaction Fee

A customer of Bitcoin hardware and service provider Bitmain recently found himself in a “rather embarrassing” predicament. Accidentally having paid a 2.5 bitcoin fee on a transaction mined by Bitmain’s Antpool in Bitcoin block 456363, the user took to social media, desperate to get the funds back.  The fee, after having already been dispersed to miners […]

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ETF Blues? Check These Alternative Exchange-Traded Bitcoin-Backed Instruments

A Bitcoin trading frenzy ensued in the weeks and days leading into the Securities and Exchange Commission’s rejection of the Bitcoin ETF. Many investors might be interested to know that numerous regulated Bitcoin-backed instruments exist across several traditional markets already. A Bitcoin ETI A bitcoin-backed ETN (Exchange-Traded Note) was approved back in 2015 in Sweden […]

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Examining SEC’s Decision to Reject Bitcoin ETF

On Friday, reported on the ruling by the U.S. Securities and Exchange Commission (SEC) rejecting Bats BZX Exchange’s proposed rule change to list and trade Coin ETF. In this article, we examine the reasoning behind the SEC’s decision and the Bitcoin community’s reactions. Reasons for SEC’s Rejection The SEC explained how the proposed rule […]

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