50 Cent becomes accidental Bitcoin millionaire

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50 Cent becomes accidental Bitcoin millionaire 50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was … and it’s paid off more than 7 million times over. Rewind to 2014 and 50’s album, “Animal Ambition,” when the rapper became the first to accept bitcoin — which was then valued at around $662/bitcoin — as payment for his work. We’re told customers could get a copy of the album for just a fraction of a whole bitcoin. Our sources say “Animal Ambition” pulled in about 700…

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Bitcoin could be come to Facebook

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Bitcoin could be come to Facebook The technology powering bitcoin could help improve Facebook in the future, Mark Zuckerberg has said. As part of a commitment to help fix the site over 2018, its founder said that he would look into the use of new technology to stop it being quite so centralised. One of those technologies is bitcoin, he said, in an ambitious post that suggested Mr Zuckerberg is taking to heart the claims that Facebook is broken In a long post on his own site, the Facebook founder…

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Why Bitcoin And Cryptocurrency Prices Dropped So Low

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6 Possible Explanations Why Bitcoin And Cryptocurrency Prices Dropped So Low 22nd December Bitcoin’s rapid descent gathered pace on Friday as the cryptocurrency crashed below $11,000. Bitcoin’s price has fallen more than 40 per cent from its record high of nearly $20,000 (£14,950) set at the start of the week. The price of the digital currency fell as low as $10,891 on Friday afternoon, according to CoinDesk’s Bitcoin Price Index. It has been a volatile month for the cryptocurrency which has surged in value from under $1,000 at the start…

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Japan’s GMO Internet to Roll Out Bitcoin Payroll System

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Japan’s GMO Internet to Roll Out Bitcoin Payroll System Japanese web giant GMO Internet Group revealed yesterday that it soon allow staff to receive some of their salary in bitcoin. GMO plans to start rolling out the system from February 2018 within GMO Internet Co., Ltd, with a gradual expansion across the entire group and its over 4,000 employees to follow. The company states: “The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group.” GMO…

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Bitcoin: A Peer-to-Peer Electronic Cash System

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Bitcoin: A Peer-to-Peer Electronic Cash System Abstract A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed…

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How Can I Buy Bitcoins?

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How Can I Buy Bitcoins? The most common way to buy the currency is to download a broker app such as Coinbase and Blockchain. These allow users to use a credit or debit card to exchange pounds for Bitcoin. Users do not have to buy whole Bitcoins and can purchase a small percentage that matches the value of their cash investment. Once a request has been made, online “miners” will decide whether to approve the transaction. If approved, the money will be taken from a user’s account in exchange for…

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Bitcoin – the initial virtual banking currency of the internet – has existed for several years now and many people have questions about them. Where do they come from? Are they legal? Where can you get them? Why did they split into Bitcoin and Bitcoin Cash? Here are the basics you need to know. Cryptocurrency Defined Cryptocurrencies are just lines of computer code that hold monetary value. Those lines of code are created by electricity and high-performance computers. Cryptocurrency is also known as digital currency. Either way, it is a…

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