Bitcoin markets and cryptocurrencies values across the board are seeing healthy rebounds after the past three weeks of price dips. At the moment there is some substantial consolidation happening, and BTC bulls are still trying to breach the $12K zone. They came awfully close last night, but failed to break the key price region. Now, during the late afternoon of January 28, 2018, the BTC/USD global market average has been hovering between $11,700-11,800 USD per coin. Also Read: U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday Markets See Some…
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Lightning and Mainnet: A Look at the Protocol’s Hype, Trials, and Error
Over the past few weeks, there’s been a lot of hyped up discussion about the Lightning Network (LN) from those who believe it will help scale the bitcoin core (BTC) protocol. The Lightning Network topic has now moved from BTC testnet experimentation to trialing LN over the currency’s mainnet using real BTC. LN development and mainnet testing is growing and people are excited about this off-chain scaling feature. However some people are still skeptical as there’s been a few reported bugs, warnings from developers, and discussion of the cost required…
Read MoreBlockchain Will Make the Biggest Difference in Developing Countries
Even though blockchain technology continues to make strides in developed countries, investment bank Exotix believes that it will have the biggest effect in emerging countries. In most cases, events develop in a step-by-step process. However, in some cases, technology allows us to bypass certain steps to get us to the end goal even quicker. Paul Domjan, who is the global head of research, analytics, and data at Exotix touched on how certain technologies have the ability to skip a few steps to present end users with a solution to their original…
Read MoreThis Week in Bitcoin: Japan Gets Goxxed and Iota Gets Into a Tangle
For the first time in forever, this week in bitcoin was strangely subdued. No major price movements, no regulatory crackdowns and no Tether collapse. Iota got into a bit of a pickle and then blamed everyone else, as Iota is apt to do, but that’s all. Everything was uneventfully ticking over, right up until Friday, when word broke of a record-breaking hack from the Land of the Rising Sun – yes, the very same land from where the world’s previous largest hack emanated. Turns out this week wasn’t so forgettable…
Read MorePR: DocCoin Announces Pre-ICO for Blockchain Protocol Telehealth Services
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. DocCoin is worldwide medical system designed on blockchain and smart contract technologies. It’s digital alternative to modern healthcare world. DocCoin aim to gather patients, doctors, insurance companies, hospitals, rehabilitation centers and other parties of healthcare world into one ecosystem that will change the future of…
Read MoreMasked Gunmen Steal ‘Fortune’ in Bitcoin in Daylight UK Robbery
The very first UK Bitcoin robbery occurred when four armed men broke into a home and forced a crypto trader to transfer a “fortune” in Bitcoin. The meteoric rise of Bitcoin over the course of 2017 featured a number of positive effects. A lot of people made a good deal of money, and media and public interest in cryptocurrency reached new heights. However, a downside to such attention is that criminals now see physically stealing Bitcoin or money used to buy crypto as a viable way to make money. A…
Read MoreWhy Venezuela’s New National Cryptocurrency El Petro Will Fail
Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region plagued by years of monetary failure. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Venezuela’s Desperation Leads to Crypto Rice University’s Francisco Monaldi put it succinctly to Foreign Policy, “The idea that it is…
Read MorePR: Mycelium Wallet Partners with Changelly Exchange
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Changelly, an instant cryptocurrency exchange, has partnered with Mycelium, one of the most reliable and prominent Bitcoin wallets that now goes global with multicurrency support and integrates Changelly’s API into the mobile wallet application. Being largely known as one of the oldest and reliable Bitcoin…
Read MoreCoincheck to Reimburse $425 Million to Users Affected by Hack
Japanese crypto exchange Coincheck announced that it would reimburse roughly $425 million to its users affected by the recent hack. Usually when a cryptocurrency exchange is hacked, its users are out of luck. Valuable coins that have been stolen are never seen again, leaving users with empty wallets, shattered hopes, and lots of anger. However, the recent major hack of Coincheck is playing out differently as the Japanese exchange announces it will pay back $425 million to those affected by the virtual robbery. Staggering Losses The recent hack on Coincheck…
Read MoreBitcoin Cash Supporters Prepare for the Network’s Next Six Months
It’s been six months since the inception of the Bitcoin Cash (BCH) network, and the decentralized currency’s infrastructure continues to grow. Over the past week, there’s been many new announcements surrounding the BCH chain and its ecosystem. See also: Bitcoin ABC Developers Announce Medium-Term Bitcoin Cash Roadmap Six Months In, the Bitcoin Cash Network Celebrates a Successful Hard Fork and Address Serialization Change Six months have passed since the birth of the cryptocurrency bitcoin cash, and so far the protocol and economy continues to thrive despite the coin’s adversaries. Since the…
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