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AmWager Becomes the First to Accept Bitcoin Deposits for Bets on Horses

July 14, 2018 By Mark Lyford Leave a Comment

AmWager.com, Live Horse Racing, Betting, Sports betting

In the latest example of the growing acceptance of cryptocurrencies in gambling, you can now use Bitcoin to bet on horses. AmWager.com, a website for watching and betting on live horse racing, has started accepting deposits in Bitcoin and Bitcoin Cash.

A First for AmWager.Com and American Live Horse Race Betting

According to an announcement made by the company, this development makes AmWager the first advance deposit wagering (ADW) company in the United States to receive the necessary go-ahead from regulators for accepting Bitcoin. Read more...

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Iran Could Become First Country Forced to Use Bitcoin

July 12, 2018 By Mark Lyford Leave a Comment

The significance of Bitcoin as a borderless and neutral money is becoming increasingly apparent as the U.S. is attempting to block Iran from accessing its bank account.

The Money in Your Bank Account is Not Yours

On Tuesday, U.S. ambassador Richard Grenell revealed that the U.S. government is extremely concerned about Iran’s plans to withdraw 300 million euros in cash held in German banks, Reuters reported. “We encourage the highest levels of the German government to intervene and stop the plan,” said Grenell. Read more...

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Delaware Real Estate Agent Sells State’s First Bitcoin Home

July 11, 2018 By Mark Lyford Leave a Comment

Even though some ‘experts’ feel that Bitcoin and the like have no value, these virtual currencies continue to be used as payment methods. In this case, Bitcoin was recently used to purchase a stunning home in the state of Delaware.

The process of buying a new house evokes a myriad of feelings. You are of course excited that you’ll be enjoying a new space but also worried about the financial aspects. Will your bank give you a loan? What are the transfer costs involved? How many reams of paper need to be signed? Read more...

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10% of Millennials Are Selling Crypto to Afford Their First Home: $2B Real Estate Firm

July 4, 2018 By Mark Lyford Leave a Comment

According to Redfin, a multi-billion dollar real estate company listed on Nasdaq, 10 percent of millennials have sold their crypto holdings to afford their first home.

Breakdown of Millennials’ Investment Strategies

In March of this year, Redfin surveyed 2,000 US residents to understand the perspectives and concerns of both millennials and full-time employees in their late 30s in entering the real estate market and acquiring their first primary residence.

The survey revealed that 69 percent of millennials and young adults saved paychecks issued by their employers in order to acquire their first residence or obtain a mortgage to pay off their real estate. The other 31 percent of millennials used unique strategies to afford a home for themselves. Read more...

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Report Reveals Phishing Trends Using Japanese Language for the First Time

July 2, 2018 By Mark Lyford Leave a Comment

Reports have confirmed that Japan has been targeted by cybercriminals using phishing, or illegal acquisition of personal information, to steal cryptocurrencies by sending fake emails to crypto exchange users. Fake emails sent in Japanese language reportedly rose to at least 1,500 by last autumn.

Also Read: How Michael Richo Stole Bitcoins via Imposter Exchange Sites and Dark Web Phishing Schemes

Six FSA Approved Exchanges Taking Inadequate Countermeasures Against Phishing

Back in May, Bitflyer was warning its customers that fake emails used by cybercriminals were redirecting their victims to phishing websites that looked like authentic Bitflyer pages, which requested customers to enter their IDs and passwords. These were then collected by the criminals. Bitflyer received a serious business improvement order by the FSA on June 22. Read more...

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China’s New Crypto Rankings – EOS First, Ethereum Second, Bitcoin Drops to 17th

June 25, 2018 By Mark Lyford Leave a Comment

The ranking of cryptocurrency projects by the Chinese government has been revised with two new crypto projects added. EOS tops the overall list of 30 crypto projects; Ethereum fell to second place while Bitcoin dropped to 17th place.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

China Now Ranks 30 Crypto Projects

China’s Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, has revised its crypto project rankings. The second monthly Global Public Chain Technology Evaluation Index was officially released on June 20 at the Shanghai Science Hall, consisting of 30 crypto projects. Read more...

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Overwinter is Coming: What to Expect After Zcash First Hard Fork?

June 25, 2018 By Mark Lyford Leave a Comment

The first ever hard fork of privacy-oriented cryptocurrency Zcash is little more than a day away. The upgrade is called Overwinter and it will take place at block 347,500.

What is Overwinter?

Overwinter is set to become the very first hard fork for Zcash. Its purpose is to fortify the existing protocol for future upgrades. Designed to activate at block 347,500, which, assuming 150 seconds/block rate, should happen on June 26^th, the upgrade will require all users to update the existing software.

Overwinter Ahead: What Should Happen When Zcash’s First Hard Fork Hits

June 24, 2018 By Mark Lyford Leave a Comment

With its community aligned, Zcash’s first hard fork, Overwinter, might not be exciting. But as always, you never really rule out a blockchain split.
CoinDesk

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Amsterdam Schiphol Airport Installs Europe’s First Airport Bitcoin ATM

June 20, 2018 By Mark Lyford Leave a Comment

The world’s eleventh-busiest airport has installed a “test” Bitcoin ATM in a move officials say will better “serve” travellers’ needs.

Schiphol Offers Bitcoin, Ethereum

In a press release on its website June 20, Amsterdam Schiphol Airport confirmed the installation of the machine, which will offer both Bitcoin and Ethereum.

Schiphol thus becomes the first European airport to offer cryptocurrency exchange options via an ATM.

“With the Bitcoin machine we hope to serve travelers because they can easily exchange ‘local’ euros for the ‘global’ Bitcoin or Ethereum,” Tanja Dik, director of consumer products and services commented. Read more...

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The Genesis Files: If Bitcoin Had a First Draft, Wei Dai’s B-Money Was It

June 17, 2018 By Mark Lyford Leave a Comment

All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name. But few put it in practice like Wei Dai does. Once described as an “intensely private computer engineer” by the New York Times, not many personal details are known about the man who, two decades ago, dreamed up an electronic cash system intriguingly similar to Bitcoin. Read more...

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