#Bitcoin

Bitcoin Futures Pose a Dilemma to US Politicians

December 9, 2017 by Tabassum Naiz at Bitcoin, Commentary, News, Regulation

Bitcoin's price is already surprising the world, and now the release of bitcoin futures trading by a number of exchanges is worrying politicians in the US. Announcing Futures Trading Following the announcement by the CME Group Inc and CBOE to begin trading bitcoin futures, Nasdaq has also proposed a trading...

Expect to see More Quants and Trading Bots Trading Bitcoin

December 9, 2017 by Gil Davis at Altcoins, Bitcoin, Finance, News

Calling the current BTC trends volatile is a bit of an understatement. It’s been a rollercoaster in 2017 with prices going from just under $1,000 back in January to over $15,000 by December. That sort of increase is due to attract some professional speculators. Enter the Quant trading systems. Quants...

2017: The Year the World Discovered Who Really Controls Bitcoin

December 9, 2017 by Landon Mutch at Altcoins, Bitcoin, Commentary, News, Tech

What most of the Bitcoin community should have learned in 2017, it it weren’t obvious before, is that miners do not control the Bitcoin network. So who is in control? Everybody, and nobody. Tribalism over Block Size On May 23, 2017, the Digital Currency Group announced in their New York...

On the Shoulder of Giants: Lightning Network Protocol 1.0

December 8, 2017 by Landon Mutch at Bitcoin, Blockchain, News

"If I have seen further it is by standing on ye shoulders of Giants.”— Isaac Newton, 1675 On December 6, 2017, Lightning Developers, a medium.com publisher representing the three main parties (ACINQ, Blockstream, and Lightning Labs) that together are building the Lightning Network protocol, announced that Lightning Protocol 1.0 is...

An electrified pick axe with a gauge on it. Red cave looking background. How to boost mining power? Russia's Tech savvy make a move.

Bitcoin Mining Outranks Entire Countries in Energy Consumption

December 8, 2017 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Commentary, Mining, News, Tech

Cryptocurrencies and blockchain have experienced a significant increase in public interest this year, with the price of bitcoin cresting $15,000 on December 7, 2017. Massive Amounts of Energy As bitcoin continues to send the world into a frenzy, many people are scrambling to get in on the action through bitcoin...

Surf Air: The Next Airline to Accept Payment in Bitcoin and Ethereum

December 8, 2017 by Rahul Nambiampurath at Bitcoin, Business, Ethereum, News

Surf Air, a California based airline company, announced on December 5, 2017, that it would be accepting payments in bitcoin and ether, two of the most popular cryptocurrencies. The airline has become popular because of its monthly “all you can fly” membership in addition to its air charter services. Two...

Could Bitcoin Drop to $1,000?

December 7, 2017 by Gil Davis at Bitcoin, Commentary, Finance, News

With bitcoin sitting at around $14,000 at the time of writing experts are racking their brains trying to figure out when this bubble will end or if it even is a bubble at all. Measuring Value with MV = PT If it is a bubble, however, even the experts are wary...

Bitcoin “In No Way a Currency,” According to Bank of France

December 7, 2017 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

The Governor of the Bank of France spoke about bitcoin at a recent conference in Beijing. The governer is yet another administrative skeptic to speak out aginst the disruptive capacities of the new asset class. Bitcoin's Volatility and User Compliance The warning from Francois Villeroy rang loud and clear in...

Bitcoin’s Market Value Now Exceeds the GDP Of Over 130 Countries

December 6, 2017 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

As bitcoin’s ninth year draws to a close, it has grown in proportions that even the most optimistic of investors had not predicted. It’s total market value now out values the annual GDP of some national economies – with New Zealand, Romania, Iraq, and Algeria among the most notable. On...

Ethereum-based Platform is Changing the Lives of Syrian Refugees

December 6, 2017 by Priyeshu Garg at Bitcoin, Blockchain, Ethereum, News, Tech

In the middle of the North Arab Desert and 90 minutes from Jordan’s capital city, Amman, lies a refugee camp home to over 32,000 people. A Civil War and Remnants of Normality Known as Azraq Refugee Camp, the 15 kilometers across which it spans are made up of simple aluminum...

Android Cryptocurrency Wallet Vulnerabilities: Overblown Claims or Cause for Concern?

December 5, 2017 by Jamie Holmes at Altcoins, Bitcoin, News, Tech

According to recent research from High-Tech Bridge, almost the entirety of cryptocurrency wallets hosted on Android are vulnerable and pose a serious risk to the safety of user funds and wallets. TechRepublic reported the security concerns on December 1 but without recourse to the developers to hear their side. Are...

The Impact of Brexit on the United Kingdom's Crypto Sector

UK and EU Governments Crackdown on Growing Criminal Bitcoin Use

December 5, 2017 by Robert DeVoe at Bitcoin, News, Regulation

As increasing numbers of both street criminals, tax evaders and money launderers are using bitcoin and cryptocurrency, the UK and EU governments prepare to respond with a massive crackdown. The crackdown aims to change existing laws for money laundering to apply to cryptocurrencies. Drug Pushers Love Bitcoin ATMs In the...

Where Tesla and Bitcoin Mining Collide

December 5, 2017 by Michael Scott at Bitcoin, News, Tech

As bitcoin continues its rapid ascension, mining for it and other cryptocurrencies have received increased attention. These mining practices, however, struggle to gain profitability due to their energy demand. Often you find a scenario where electricity expenditures are higher than that spent on Bitcoin. While creating a cryptocurrency mining machine...

PRC Right to Ban ICOs and Exchanges says PBOC Vice President

December 5, 2017 by Robert DeVoe at Bitcoin, Business, News, Regulation

According to a post that appeared in state-run media outlet Xinhua News, People's Bank of China (中国人民银行) vice president Gongsheng Pan (潘功胜) made the following comment at a recent forum event in response to a moderator prompt about Bitcoin: “There is only one thing that we should do now, and...

What Makes Sweden A Hotspot for Bitcoin And Other Cryptocurrencies?

December 4, 2017 by Priyeshu Garg at Bitcoin, Mining, News, Regulation, Tech

While most world governments are of two minds as to embracing virtual currencies – some even outright against it – Sweden seems to have vowed to position itself at the forefront of the ongoing cryptocurrency revolution. Mining Hotspot The Nordic country is already a hotbed for cryptocurrency innovation. A slew...

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