The following is something we at NewsBTC can relate to. We have great writers and Bitcoin enthusiasts from across the world contributing to our magazine. When it comes to their remunerations, conventional money transfer across borders is a pain. But, we found a solution! Thanks to the evolution of internet and technology, it is now […]
As Bitcoin moves towards becoming a part of the mainstream economy, why should it be any different from the traditional economy? Well, that’s what the scenario looks like in the Bitcoin community. It is a well-known fact that 50% of the whole world’s economy is controlled by the top 1% of the population, similarly 99% of […]
Bitcoin price headed lower today in a $8 sell-off (Bitfinex) catalyzed by the news that Silk Road’s Lars Ulbricht had been sentenced to life imprisonment & OKCoin was dealt another PR blow. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive […]
This Friday Ross Ulbricht, the creator of the underground black market Silk Road, was sentenced to life in prison after making a plea for leniency. Silk Road was an unregulated online marketplace where buyers could buy drugs by paying with Bitcoin. Ross was convicted last February on seven charges going from drug trafficking to money […]
Following a court ruling that sentenced Silk Road creator Ross Ulbricht to life in prison, fervent debate about the ruling quickly spread online.
Changpeng Zhao left OKCoin earlier this year, with the company owing him $10,000 and apparently feeling no obligation to pay him. A company that doesn’t treat its employees well will inevitably have other problems, and so Zhao’s exit could have served as a warning for the rest of the community, including Roger Ver, who says […]
Bitcoin remittance startup BitSpark, alongside four other fintech startups, won the Innotribe 2015 Singapore Semi-Finals held Thursday at the Red Dot Design Museum. The event was organized through a partnership with NextBank Asia and sponsored by international bank Wells Fargo and European startup accelerator Level39. BitSpark will now progress to the finals, which will be […]
On February 4, 2015, a young man named Ross Ulbricht was convicted of seven charges laid in a U.S. Federal Court in Manhattan. On May 29, 2015, he was sentenced to life in prison for his crimes. He was accused of being the owner and operator of the Silk Road website, the most popular online […]
More details emerged in the ongoing dispute between OKCoin and Roger Ver after former OKCoin CTO Changpeng Zhao released a statement.
Each transaction that occurs on the block chain takes up a little bit of space, and these transactions all get squished into a virtual box (a block). Bitcoin currently operates with a 1MB limit. What this means is that only so much information it can process in each block, this currently comes to roughly seven […]