Leading bitcoin platform, multi-sig vault service provider and bitcoin merchant payment processor Coinkite has powered more than USD$250 million over the past three months, processing around 10 percent of the world’s total daily bitcoin transactions. “It is remarkable what can be done with the right team and bitcoin. We are processing 5 to 10 percent […]
IBM is developing its own version of the blockchain technology and plans to release open-source software within the next few months, The Wall Street Journal reports. The new platform would operate without a native currency like bitcoin and be used to keep track of B2B – business to business, bank to bank, and bank to […]
Bitcoin price was massaged lower in the week leading up to the Fed rates hike announcement, and then eagerly traded up on the day. The chart technicals implied a bull trap and the sound of a can being kicked was its closing bell. This analysis is provided by xbt.social with a 3 hour delay. Read […]
Thousands of websites that run the content management system WordPress have been hijacked by hackers to infect unsuspecting visitors with malware exploits. Although the entire campaign was initiated 15 days ago, its activity has increased tremendously in the past 2 days, as the number of websites being hijacked per day increased from 1000 to 6000. […]
In the first enforcement case against a Bitcoin operator after recognizing the cryptocurrency as a commodity, Bitcoin operator Coinflip has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). With the new ruling that virtual currencies are to be recognized as commodities that are under the rules and regulations of existing laws, the […]
The Scaling Bitcoin workshop held in Montreal, Canada from September 12-13 aimed to discuss several issues currently affecting the industry. One of the biggest topics on the table was that of the block size limit, which could be addressed through scalability. Among the presentations made during the bitcoin conference was on the scalability of non-currency […]
The first phase of the Scaling Bitcoin workshop was held in Montreal from September 12-13. The event featured several presentations and academic papers from experts discussing the issues of scalability, block size limits, and many others. Among the presentations made during the Scaling Bitcoin conference was on how bitcoin wallets can handle real transaction fees […]
Bitcoin price declined from its previous consolidation area above $230 today. The move lower has fallen into 1-hour chart divergence and should now correct from current levels before resuming the downtrend. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a […]
One of the world’s leading technology companies has decided to utilize the blockchain technology for smart contracts. According to a report of the Wall Street Journal, International Business Machines Inc. (IBM) is planning to develop an open-source software that could — one day — be used to create digital contracts. For this, the tech giant […]
A Russian official is speaking out against plans by a leading domestic payment company to release a bitcoin alternative.