Category: News Digest

The price of bitcoin hit yet another all-time high this week when the market managed to reach $4,190 on August 13 as SegWit has been locked in and will soon come into effect. However, that was not the only driver of the cryptocurrency’s price. The Bitcoin ecosystem is showing clear signs of maturing, with the cryptoasset not only into a...

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On August 1, bitcoin experienced a hard fork that created a new version of the cryptocurrency called bitcoin cash. While many community members were concerned about what a hard fork of bitcoin could mean for the digital currency’s value and its ecosystem, it seems that none of the potential doomsday scenarios happened. On the contrary, bitcoin rallied in the days...

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For the week ending July 30, BTC-E’s involvement in the Mt.Gox hack was revealed by a WizSecruity Report according to which Hackers collaborated with BTC-E and its owner Alexander Vinnik to steal the wallet.dat file stored in the centralized databases of Mt. Gox to gain access to nearly 630,000 bitcoin. The wallet.dat file was stolen in September 2011 and the...

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The much anticipated SegWit implementation could be one step closer to reality by the second week of August now that BIP 91 has been signaled by over the 80 percent of hash power needed to lock it in, which means that the Bitcoin blockchain will soon be optimized by 75 percent. Transactions will become cheaper as their size will decrease...

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The price of bitcoin has decreased over 33 percent since its all-time high just under $3,000 on June 12. By the end of calendar week 28, BTC-USD dipped below the $2,000 mark for the first time since May 27, 2017. The uncertainty surrounding the implementation of SegWit2x on August 1, which aims to upgrade the bitcoin blockchain to combat its...

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At the Future of Bitcoin in Arnhem, the alleged Satoshi, Craig Wright, held a furious talk, which was interrupted by emergent eruptions of applause. During his speech, he reignited the block size debate by attacking Core and announced that he would actively fight SegWit. He promised to soon launch a mining pool, with at least 20 percent of the network’s...

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The past week has reminded us again how important strong cyber security measures are for companies, institutions, as well as individuals when the “NotPetya” attack spread globally and encrypting systems of leading institutions such as banks, oil companies, and the Ukrainian government. Similarly to the WannaCry attack in the month prior, the attackers asked for a ransom payment in bitcoin....

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It has been another interesting week for the crypto economy. SegWit2x Alpha, which aims to solve many of bitcoin’s scalability issues, is out and has so far received over 75 percent support from the bitcoin blockchain’s hashrate. While ether experienced a flash crash sending the cryptoasset to a low of $0.10 momentarily.  Only four days after the Alpha release SegWit2x...

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The price of bitcoin took a dive during the week beginning June 12 from its all-time high at $2,997 to its June low at $2,212 after Chinese mining hardware producer Bitmain announced its “contingency plan” against the proposed BIP148 UASF (User-Activated Soft Fork) on August 1, which contains a new hard fork that has been coined UAHF (User-Activated Hard Fork)....

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The price of bitcoin continued its rally to inch close to the $3,000 mark last week. One of the reasons for that, according to Kirill Tatarinov, CEO of cyber security company Citrix Systems, is that companies are increasingly buying and storing bitcoin to pay for potential ransomware attacks in the future. "We've seen people pay up after ransomware attacks. We've...

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