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BITCOIN PRICE: 8,202.90     HIGH: 8,269.99     LOW: 7,770.00

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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: Mike Hearn

Simon Dixon: “Banks Want Control Over Everything; This Will Be Their Downfall”

Category: Business, Commentary, Finance, News

Simon Dixon: “Banks Want Control Over Everything; This Will Be Their Downfall”

More than 30 of the world’s major multi-billion dollar banks have actively collaborated to create their own version of the blockchain network. The syndicate formed by the banks called the R3 consortium attempts to duplicate the technology of Bitcoin by developing a centralized blockchain-based financial system that could be used within the existing banking infrastructure. However, while the blockchain network…

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Risk-off Sentiment Sees Sub-$400 Level Exposed

Category: News, Price Analysis

Risk-off Sentiment Sees Sub-$400 Level Exposed

Risk-off sentiment dominated in Friday’s Asian trading session, with safe havens such as the Japanese Yen, Gold and the Swiss Franc. Riskier currencies such as the Australian Dollar saw sharp declines and bearish momentum has continued in BTC-USD with the sub-$400 level now exposed. Selling pressure has also been influenced by the departure of a core Bitcoin developer, Mike Hearn,…

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Developer Mike Hearn Quits Bitcoin: “The Community Has Failed”

Category: News, Tech

Developer Mike Hearn Quits Bitcoin: “The Community Has Failed”

In a detailed, no-holds-barred blog post, long-time Bitcoin developer Mike Hearn announced his withdrawal from the Bitcoin project and revealed his concerns regarding the future of Bitcoin: “…despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly.” He lays out, step by step, a chain of events that led to…

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