by Ben Hiscox | Sep 5, 2019 at 19:01 | Bitcoin
Last week (August 28th 2019) saw Bitcoin ($BTC) fall below $10,000 USD for the first time since July 2019. While Bitcoin’s price dip can likely be attributed to several factors, one explanation has gained traction given the timing: Burning Man. Jeff Dorman,...
by Sara Whister | Sep 3, 2019 at 19:42 | Bitcoin
Following last weeks price drop – which saw prices fall as low as $9,320 USD – Bitcoin ($BTC) has seen a return this week with a market share of over 70%, it’s highest in 30 months according to CoinMarketCap. At the time of writing (September 3rd), $BTC is...
by admin | Aug 21, 2019 at 18:37 | Bitcoin
Institutional crypto exchange, DRIVE Markets, is currently giving away free Bitcoin ($BTC) to the new sign-ups on their exchange. In order to be eligible for the 100k SAT (0.001 BTC), you’ll need to first make a deposit (there’s no minimum amount!) to your...
by Ben Hiscox | Jun 17, 2019 at 18:44 | Bitcoin
Bitcoin (BTC) has continued its latest run over the weekend – reaching a high of $9,381.82 according to CoinDesk’s price index – and now sits comfortably around the $9100 mark as of Monday. This is a 140% increase from the start of the year. The...
by admin | Jun 10, 2019 at 16:55 | Bitcoin
The countdown to the imminent collapse of current cybersecurity technology is a small handful of years away. The clock is ticking down, and the attack, although expected, will be lethal unless a solution can be adopted against an impending quantum computer attack....
by Sara Whister | Jun 7, 2019 at 17:32 | Bitcoin
The road to broader adoption and an increasing value of Bitcoin can take multiple paths and requires a growing demand for the legacy cryptocurrency. Whether that comes from more merchants and consumers using Bitcoin for everyday transactions or last resort assurances...
by Sara Whister | May 3, 2019 at 12:47 | Bitcoin
Bitcoin had a phenomenal race for three years that had people pursuing it as ‘digital gold’. But, as the cryptocurrency fell more than 50% since its December 18 high, skeptics are beating the drum of the all too familiar term “bubble.” Now,...
by Brian Curran | Apr 9, 2019 at 10:03 | Bitcoin
Bitcoin’s price climbed past $5,000 earlier this week where it remains now following a brief pullback below $5,000. The positive price movement has coincided with a market-wide surge in altcoins — indicating that Bitcoin and the broader market are still closely...
by Brian Curran | Apr 2, 2019 at 14:37 | Bitcoin
BitMEX Research recently published an extensive analysis of the financial and economic components of Bitcoin’s Lightning Network (LN) designed to shed light on the fee economy of the experimental layer two scaling network. Their evaluation reveals some intriguing...
by Brian Curran | Mar 26, 2019 at 21:29 | Bitcoin
Bitmain — the cryptocurrency mining giant — filed its IPO prospectus with the Hong Kong Stock Exchange (HKEX) on September 26th, 2018, meaning that the filing is automatically set to expire on March 26th, 2019 if it does not move into the IPO hearing phase...
by Brian Curran | Mar 22, 2019 at 21:38 | Bitcoin
BTCPay Server — the self-hosted, non-custodial payment server project — has released support for the TOR network following several weeks of work. TOR support will be enabled for multiple components of the service including the LND node, WooCommerce,...
by Ben Hiscox | Mar 20, 2019 at 02:35 | Bitcoin
Bitcoin’s mining difficulty has consolidated significantly since lows at the end of 2018 that mirrored levels from summer 2018. The difficulty adjustment has remained stable for more than one month, leveling out following an uptick on February 10th. The stabilization...
by Ben Hiscox | Mar 15, 2019 at 01:38 | Bitcoin
According to blockchain metrics site CoinMetrics, Bitcoin’s transaction count has dropped roughly 40 percent over the last 10 days. The drastic decline has been widely credited to the close of VeriBlock’s testnet, which reportedly accounted for 25 – 45 percent...
by Brian Curran | Mar 14, 2019 at 02:43 | Bitcoin
According to Bitcoin metrics website BitcoinVisuals, the number of unique Lightning Network (LN) channels increased from 22,034 on February 7th to 30,064 on March 7th — an increase of roughly 27% over one month. The current number of LN channels is now...
by Ben Hiscox | Feb 19, 2019 at 22:00 | Bitcoin
Bitcoin’s on-chain transaction volume has been steadily increasing since June 2018 and has now reached levels mirroring January 2018 following a sharp decrease in the ensuing early months of 2018, according to data provided by Blockchain.com. Increasing transaction...
by Ben Hiscox | Feb 14, 2019 at 20:40 | Bitcoin
SEC Commissioner — Robert J. Jackson Jr. — recently detailed in an interview with Congressional Quarterly that he expects an SEC-backed Bitcoin ETF proposal to eventually be approved. The SEC has already rejected numerous Bitcoin ETF applications, and CBOE...
by Brian Curran | Feb 7, 2019 at 21:31 | Bitcoin
Blockstream — a leading Bitcoin development company — recently introduced a new standard for the cryptocurrency exchange industry for proving Bitcoin balances to third-party auditors that improve upon the currently fragmented in-house models. Called ‘Proof...
by Brian Curran | Jan 3, 2019 at 03:18 | Bitcoin
Bitcoin’s mining difficulty had dropped three consecutive times since September, following the bearish sentiment in the markets and the decreasing profit margins for mining. However, the difficulty target recently increased and bounced back to levels from earlier...
by Brian Curran | Dec 31, 2018 at 18:38 | Bitcoin
Bakkt — the highly anticipated digital assets platform — raised $182.5 million in a funding round that included 12 partners. Detailed in a Medium post by CEO Kelly Loeffler, Bakkt’s fundraising round included partners such as Boston Consulting Group,...
by Brian Curran | Dec 24, 2018 at 22:02 | Bitcoin
Blog posts and analysis pieces discussing Bitcoin in one context or another are increasingly common. Publications, Medium pieces, and leading industry figures provide some insightful analysis of the multi-faceted legacy cryptocurrency. However, it is the more discreet...
by Brian Curran | Dec 21, 2018 at 12:40 | Bitcoin
Bitcoin’s mining difficulty recently dropped roughly 32 percent in the last month following an extended bear market throughout 2018. As miners continue to shut down due to unprofitability, those who remain mining will be rewarded with increased BTC accumulation (less...
by Brian Curran | Dec 19, 2018 at 13:52 | Bitcoin
Venezuela’s LocalBitcoins volume has reached an all-time high (ATH) this week as the Bolivar extends its spectacular downfall and the authoritarian Maduro regime continues its oppression. According to CoinDance, Venezuela’s weekly LocalBitcoin volume has reached more...
by Brian Curran | Dec 11, 2018 at 02:13 | Bitcoin
BitMEX Research — the research arm of the BitMEX exchange — recently released a report analyzing the effects the recent market downturn has had on the mining industry. BitMEX’s conclusions are drawn from analysis of miner profit margins and the declining...
by Brian Curran | Nov 24, 2018 at 02:21 | Bitcoin
Bitcoin’s hash rate has been slowly declining throughout November, mirroring similar levels in early August this year. Currently, the hash rate is roughly 40,349,974 TH/s after rebounding from a 4-month low of approximately 34,727,437 TH/s. The declining hast rate is...
by Brian Curran | Nov 23, 2018 at 14:14 | Bitcoin
The Lightning Network (LN) — Bitcoin’s layer two off-chain scaling solution and bidirectional payment network — has reached roughly $2 million in capacity (441.23 BTC sum of channel values) and approximately 15.8k open channels despite the recent market...
by Brian Curran | Oct 16, 2018 at 20:21 | Bitcoin
One of the most clearcut use cases for Bitcoin is its unprecedented value for transferring large sums of value. As a censorship-resistant and decentralized network, transferring value between two parties is exceedingly faster, cheaper, and safer than traditional...
by Brian Curran | Oct 15, 2018 at 19:32 | Bitcoin
In another meaningful sign that Bitcoin’s Lightning Network (LN) is gaining serious traction, Chilean Bitcoin exchange Buda recently announced its support of the LN. Buda claims to be the largest cryptocurrency market in South America and was in the news cycle earlier...
by Brian Curran | Oct 10, 2018 at 19:18 | Bitcoin
A recent study from Princeton and Florida International University (FIU) details the potential threat that China poses to the Bitcoin network stemming from its centralized economic, political, and domestic Internet control in the country. According to the report, as...
by Brian Curran | Oct 9, 2018 at 21:27 | Bitcoin
TxTenna — the joint venture between Samourai Wallet and the GoTenna mesh network — is scheduled to launch soon and will enable offline Bitcoin transactions through GoTenna’s mesh network. The result is the ability to send Bitcoin transactions without an...
by Brian Curran | Sep 26, 2018 at 19:28 | Bitcoin
Bitmain — the Bitcoin mining and ASIC hardware giant — has officially filed its IPO prospectus with the Hong Kong Stock Exchange (HKEX) in a major step towards its public fundraising venture. Following a flurry of high-profile rumors and research into...
