Bitcoinist Weekly News Re-Hash: Valve Accepting Bitcoin, Antonin Scalia Dead
Green candles dominated the charts for most of the week, as the bitcoin price climbed upwards towards $400. We finally broke that barrier late in the week, reaching $403.20 as it came to a close, making for a total gain of 7.22%. The week was also marked with some rather significant news. To name a few stories that broke this week: Valve may be accepting bitcoin in the near future, Coinbase adopted Bitcoin Classic, and Supreme Court Justice Antonin Scalia was found dead in a hotel room at age 79. Total Change: +7.22%
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News reports have come out saying that United States Supreme Court Justice Antonin Scalia has been found dead at a Texas luxury resort on Saturday, February 13, 2016. Justice Scalia was 79 at the time of his reported death. According to local Texas news publication ABC KVIA7, Scalia was on a hunting trip at Cibolo Creek Ranch outside of Marfa, Texas when he died. According to KIVA’s source, Scalia did not make any complaints of feeling ill before going to his room after dinner. He was found dead in his room the next morning after not showing up for breakfast.
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. As the hashrate of Dogecoins network becomes low, low enough for one person with a dedicated ASIC farm to 51% attack Dogecoin, many are....
This past week saw a lot of hot news stories coming from the Bitcoin community and the organizations powering the growth of the ecosystem. Bitcoin Classic appeared in the news a few times throughout the week, reminding us that the block size debate is far from over. In terms of price, not much happened at the macro level. Hardly any change took place between the open and close of the week, with the price falling less than one percent in total. However, the day-to-day activity certainly gave traders a lot to be excited about, with a lot of big declines and welcome gains. Total Change: -0.10%
Confirming a long-rumored move, gaming and digital media platform Steam is now accepting bitcoin payments through processing service BitPay. The announcement today confirms earlier reports that Valve, the company that operates Steam, had sought to add the digital currency as a payment option. Steam was said to have told its developer community in a recent update that it was moving to accept bitcoin. The platform draws millions of users on a daily basis, according to Steam's self-reported statistics, and as a platform attracts an engaged and tech-friendly user base. Past reporting indicates....
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