TOP 10 + Faucet Sites to Earn Free Bitcoin

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China may ban Bitcoin trading, but the market doesn't seem to care

Late last week, a report from Caixin shook the Bitcoin world. According to the state-owned media outlet, China plans to ban all cryptocurrency exchanges. The report was followed by a similar one from The Wall Street Journal, which cited anonymous sources familiar with the matter. 

And, initially, the price of Bitcoin plummeted, falling from roughly $4,600 to $4,000. But three days later, the price of Bitcoin (and most other major cryptocurrencies including Ethereum) is rising again. 

$797 million in 3 months: Blockchain’s newest industry is going crazy

ICO, or Initial Coin Offering, is currently the most popular way to get your blockchain startup off the ground, period. 

According to a quarterly report by CoinDesk, blockchain-based startups were funded with a total of $797 million in the second quarter of 2017 alone. That's more than triple the amount that similar startups raised from venture capital. 

China bans ICOs for being full of fraud and pyramid schemes

The ICO — Initial Coin Offering — has recently become a very popular way to fund a startup, as it adheres to few rules requiring little to no regulative oversight. Companies such as Tezos and Bancor raised hundreds of millions of dollars within days by letting investors purchase their newly created cryptocurrencies (also known as tokens) with Ethereum or Bitcoin. 

How to make upwards of $1,000 a month by mining cryptocurrency

In essence, cryptocurrencies are decentralized digital currencies that can be sent to anyone through the internet. They aren’t affiliated with any particular country so there’s no central bank that verifies these transactions. Instead, cryptocurrency miners use special software that creates a public record of each transaction and gives the miner a payment in return.

Here's how to deal with those ridiculously high Bitcoin transaction fees

Four dollars. That's how much it'd cost me to send 0.01 bitcoins, or about $42, from one Bitcoin address to another right now. 

And this is actually quite cheap compared to a few days ago, when transaction fees were even higher, making Bitcoin barely usable for microtransactions. And cheap transactions, especially for small amounts of BTC, are supposedly one of Bitcoin's biggest advantages.