Reading: Ethereum Just Shot Up $250 But Don’t Bet on That Resistance Breaking

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Bitcoin

News Summary: July 20-26

Bitcoin

News Summary: July 20-26


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Dell accepts Bitcoin

The Bitcoin adoption rate keeps increasing by the minute, I swear. With now another e-commerce giant, Dell, now accepting Bitcoin the list of Bitcoin accepting merchants just increased by one. A very big one if you ask me. Read the full report from Bitcoinist. You could also check Coinbase’s blog, the payment processor that snagged Dell. Big win for them! Dell also has page informing people that they are accepting Bitcoin as well as an FAQ, seen here.

Proposed Merged Mining (Again) Litecoin  with Dogecoin

As the hashrate of Dogecoins network becomes low, low enough for one person with a dedicated ASIC farm to 51% attack Dogecoin, many are wondering if Dogecoin will or can survive. Charlie Lee, the creator of Litecoin, has proposed yet again to Dogecoin if they would like to merge mine with them. Merge mining is essentially reusing your hash, securing multiple blockchains at once. This in turn also allows the miner to receive multiple coins at once, for the same amount of hash. On top of  merge mining, he proposes switching to another algorithm or even going POS. Read his reddit post  and the Mod’s response.

BraveNewCoin releases Android App

BraveNewCoin, if you don’t already know, is a price marketing index. But it goes further than that, showing volumes, price conversions, etc. To top it off, they just released an Android App, seen here. If you use android, and want to know whats up with cryptocurrency price and news wise, this is a good option.

Beepi now accepting Bitcoin

Beepi, a place to buy and sell cars, now accepts Bitcoin. Bitcoinist did an interview with them (seen here) discussing just this. With services like the car being delivered directly to your house with a full tank of gas, and each car being inspected, I feel like this will become a big hit with the Bitcoin community.  If your interested, you can visit there website here.

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