Bitcoin died 91 times in 2018 alone and 337 in total. But despite the latest bear cycle, hard data shows that Bitcoin has grown with more than 82,000 percent in the last 7 years. Bitcoin ‘Died’ 91 Times in 2018 According to website Bitcoin Obituaries – there were 91 publications in 2018 proclaiming Bitcoin’s demise. Interestingly, there were 125 ‘obituaries’ in 2017, the frequency of which actually peaked right when Bitcoin was nearing its all-time high price of $20,000 in December. Overall, since 2010, doomsayers have buried Bitcoin exactly 337 times, according to the website.…
Read MoreDay: December 29, 2018
Italian Government Selects 30 Representatives to Develop DLT and Crypto Policy
Italy’s Ministry of Economic Development recently published a list of the 30 individuals that the Italian government has tasked with developing the country’s regulatory strategy with regards to distributed ledger technology (DLT) and cryptocurrencies. Among the individuals are alumni of the United Nations, the European Parliament, the European Commission, and the Italian Chamber of Commerce. Also Read: German Startup Devises Eco-Friendly Energy-Efficient Miners Italy Selects Group Tasked With Developing National DLT Strategy The Italian government has named the 30 individuals it has sought to develop a national strategy pertaining to distributed…
Read MoreKraken Launches Margin Trading for BCH Pairings
Kraken has launched margin trading for Bitcoin Cash pairings, now supporting leveraged trading for BCH/XBT, BCH/USD, and BCH/EUR markets. The exchange has also launched margin trading for XRP, now offering up to 5x leverage on XRP pairings. Also Read: Bitcoin Cash Mining Showcased at the Houston Rockets Game Kraken Launches Leverage Trading for Bitcoin Cash and Ripple Markets Kraken has become the latest cryptocurrency exchange to expand its Bitcoin Cash markets, introducing margin trading for three BCH pairings. Kraken users are now able to trade BCH/XBT using 2x margin, in addition…
Read MoreUse Bitcoin! Customers Condemn PayPal After It ‘Bans’ The Hacker News
Cybersecurity news resource The Hacker News (THN) has become the latest PayPal user to have its accounts frozen without warning, the company has claimed. ‘At Least One Valid Reason’ In a series of tweets December 28, officials reported that funds from “all” its corporate accounts with the money transmitter were no longer accessible. “(PayPal) has permanently banned all of our accounts without mentioning any reason and hold wallet funds wrongly for 180 days. Upon asking, (PayPal Support) also refused to share any details,” they wrote. Describing the situation as…
Read MoreMarkets Update: Cryptocurrency Gains Start Lifting Confidence Among Traders
The cryptocurrency economy has seen some improvement over the last 48 hours as many of the top digital assets are seeing gains between 5-15% this Saturday. The entire ecosystem of all the coins in existence has gained about $5 billion since the small correction on Christmas day. Furthermore, global trade volume has also increased indicating that the bulls may be rested after experiencing some exhaustion last week. Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018 This Weekend’s Top Cryptocurrency Markets The weekend is here and a…
Read MoreSkeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic
Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U.S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency. Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit As a single global currency, bitcoin is viewed as key to ending willful…
Read MoreSkeptical Payoneer CEO Dismisses Idea of Single Currency as Unrealistic
Payoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U.S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency. Also read: Former Mt. Gox CEO Says He is Sorry But Maintains His Innocence as Trial Closes U.S. Will Never Allow Tax to Be Paid in Bitcoin, Says Galit As a single global currency, bitcoin is viewed as key to ending willful…
Read MoreHardware Bitcoin Wallets Hacked: The Importance Of Responsible Disclosure
Following yesterday’s article regarding vulnerabilities uncovered in hardware wallets, both Trezor and Ledger have called ‘foul play’ over irresponsible disclosure. Hardware hacking group, wallet.fail, who exposed the security issues, at least partially deny this claim. Responsible Disclosure In the security world, hackers generally only go public with their findings after giving companies time to patch the vulnerabilities. Disclosing potential methods of attack before vendors have addressed them leaves users exposed to unnecessary risk. Responsible vendors actually encourage hackers to attack their products, as by identifying weaknesses, overall security improves. Both Trezor…
Read MoreThe Daily: Wallet Hacking Debate Heats Up, Bitcoin-Based Patreon Alternative Emerges
To kickstart the weekend, we’ve curated a handful of short but compelling stories from across the crypto sphere. First up, we’ll revisit the fallout from Wallet Fail’s demonstration of hardware wallet cracking. We’ll then move on to a Patreon alternative that’s powered by cryptocurrency and a viral tweetstorm about everything that’s allegedly wrong with Ethereum. Also read: Blockchain Company Buys Spanish Soccer Club, Cementing Crypto-Sports Connection More Hardware Wallet Manufacturers Respond to Hacking Claims As we reported yesterday, a team known as Wallet Fail have captured attention after demonstrating how…
Read MoreGerman Startup Devises Eco-Friendly Energy-Efficient Miners
Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms. The miners can also use renewable energy and are designed to reuse over two thirds of the generated heat. Also read: Transnistria Welcomes Crypto Miners, Plans to Expand the Industry Miners Made Suitable for Living Rooms Mining equipment manufacturing has been an industry long dominated by giants…
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