The number of cryptocurrency ATMs installed worldwide has surpassed 6,000, nearly a 50% growth since the beginning of the year. The U.S. leads other countries with over 4,000 crypto ATMs, followed by Canada and the U.K. Several producers offer a range of machines for anyone wanting to get started in this line of business. Also read: Crypto Jobs on the Rise, Thousands Listed 6,007 Crypto ATMs Globally The number of cryptocurrency automated teller machines (ATMs) installed worldwide has grown substantially over the years. According to cryptocurrency ATM tracking website Coinatmradar,…
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A History of Blockchain Consensus Mechanisms
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated, paving the way for a series of alternative algorithms with their own unique characteristics. Also read: Libra Testnet Fails to Impress as New Legislation Looms From Proof of Work to Proof of Everything Given Bitcoin’s success, it’s no surprise that its protocol should have attracted imitators, some…
Read MorePrivacy-Enhancing BCH Tool Cashfusion Begins Working Behind the Scenes
This week Bitcoin Cash (BCH) proponents have been celebrating the fact that 187,212 BCH ($40 million) has been shuffled since the Cashshuffle platform launched in the last week of March. Moreover, on Saturday, Electron Cash developer Jonald Fyookball announced the highly anticipated Cashfusion protocol has been working behind the scenes using alpha software. Also read: Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy BCH Privacy Strengthens: Cashfusion Beta Coming Soon In July, news.Bitcoin.com reported on how the protocol extension meant to enhance the Cashshuffle mixing application Cashfusion was…
Read MoreRegulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions
News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup and Singapore’s derivatives trading proposal, along with the tax authority’s clarification of how GST applies to crypto transactions. Also read: Survey: 58% of German Banks Charge Negative Interest Rates China Rekindles 2017 Order On Nov. 22, the Shanghai Head Office of the People’s Bank of China (PBOC) issued a notice regarding…
Read MorePhilippines, Malaysia Traders Are Buying the Bitcoin Dip
They say the best time to buy is when there’s blood on the streets. What’s harder to assess is just how much more haemorrhaging there is to come. Some Asian traders are pretty confident bitcoin has seen a new low though. According to Coindance, Bitcoin P2P trading in the Philippines and Malaysia is taking off. Asian Bitcoin Traders Show Heightened Interest Trading on peer-to-peer site Paxful saw a monumental leap this week in bitcoin trading volume in the Philippines, despite the leading asset tanking to a new 6-month low. The number…
Read MoreMarket Update: Uncertainty Strikes Crypto Traders After Week-Long Downtrend
Three days ago, cryptocurrency markets were holding foundational support after coins plunged 2-14% and the entire cryptoconomy dropped below $200 billion. Crypto prices continued to slide in a bearish trend, and over the last 12 hours, the entire market valuation of all 3,000+ coins lost another $7 billion. However, after BTC dropped to a low of $6,529 per coin, digital currency markets bounced back, erasing most of the losses inflicted during the morning trading sessions. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange BTC Markets Quickly Plunge Below…
Read MoreBitcoin Protocol Receives Upgrade, Pronounced ‘Nuclear War Proof’
Bitcoin Core released the newest version of the protocol, 0.19.0.1. The move was seen as a strong sign BTC kept evolving, despite the recent rapid price crashes. New Version Introduces Default SegWit Addresses The biggest change in the new version for regular users is that the wallets using it will provide Bech32 addresses by default. This means the default use would be SegWit, a tool to lighten the transaction load. Users can choose to toggle the address to a regular type. Bitcoin Core 0.19.0(.1) was released!https://t.co/iE3Bd0H5pORelease notes: https://t.co/741TxACPay — Bitcoin…
Read MoreBitcoin Not Moved For 12 Months Sees 51% Increase
The last week saw a whopping 51% increase in the amount of bitcoin which has been untouched for 12-18 months. The unspent transaction outputs (UTXOs) indicate that almost 600,000 BTC ticked over from the 6-12 months set. But what does this mean, exactly? Can U Try Xplaining-O? UTXOs are created every time a bitcoin transaction is made, and are essential for tracking which wallet holds which bitcoin. This simplifies blockchain accounting, because instead of monitoring every transaction ever, nodes can just keep track of the UTXOs. By monitoring when each…
Read MoreGocrypto SLP Token Starts Trading on Bitcoin.com Exchange
On 25 November 2019, the Gocrypto (GOC) token will start trading on Bitcoin.com Exchange. The new SLP token enables merchants with physical or online stores to accept instant crypto payments from different digital wallets with millions of users and to receive settlement in their local fiat. Also Read: Crypto Payments Startup Eligma Raises €4 Million From Bitcoin.com and Pangea Blockchain Fund Gocrypto SLP Token Debut The native token of Eligma, formerly known as ELI, is now called the Gocrypto token (GOC) and its about to be listed on the Bitcoin.com…
Read MoreTether (USDT) Volume Raging Amid Crypto Market Crash
The turnover and volumes of Tether (USDT) boomed in the past days, while the market was crashing. USDT volumes are now above $31 billion, as sell-offs boosted the demand for stablecoins. Tether in the Top 4 USDT is now the fourth largest coin by market capitalization, lining up at the top as other assets slid. At one point during the peak of selling, USDT rose to above $1.02, with other stablecoins also breaking above the dollar peg. USDT climbed to the top due to supply expansion in 2019, where the…
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