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Cheap power drew bitcoin miners to this small city. Then came the backlash
Plattsburgh, New York, doesn't look like ground zero for a gold rush. But cryptocurrency prospectors have installed thousands of energy-gobbling mining machines while taking advantage of dirt-cheap electric rates. And the invasion has some locals up in arms, while offering…
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The bubble dynamics of bitcoin
Can bitcoin be a currency if you never know its value? Living outside the traditional banking network by design, its fluctuating value makes it too cumbersome for petty transactions. Yet despite the hurdles, bitcoin and its underlying technology is seen…
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The how and why of buying bitcoin
The basic idea of bitcoin is simple: Instead of a financial institution holding a bank ledger, a chain of computers linked through the internet are all using the same software to record and verify every transaction. But how can a…
This is how Bitcoin works
Bitcoin was released nearly a decade ago, but many consumers still don't know much about how it works.
On this edition for Sunday, Dec. 10, President Donald Trump reiterates his support for Roy Moore, two days before the Alabama special Senate election. Also, bitcoin launches on futures market and doctors hope to increase participation in cancer trials. Hari…
A new chapter for cryptocurrencies begins Sunday night as bitcoin, the most mainstream digital asset, launches on futures markets. The milestone will open up the market, allowing investors to bet against the currency without actually owning it. Author Nolan Bauerle…
Since it was introduced eight years ago, the digital currency Bitcoin has drawn attention for its rise in value. Like other digital currencies, it uses “blockchain” technology, which helps conduct transactions without using banks or credit card companies as conduits.
The rapidly rising price of bitcoin is leading many to question if the digital currency’s boom is about to bust.
In world news this week, Kenyans torched tons of a precious product, a Turkish official quit, and an Aussie claimed to create bitcoin. Oh, and did we mention it was Star Wars Day? Take our quiz on this and more.
