Over the course of three days, BTC-USD managed to climb $1,100 in value — a near 60 percent growth. Shortly after reaching a local high in the mid $2,900s, it immediately retraced down to the mid $2,700s where, at the time of this article, it is currently sitting. Is this price growth sustainable? Is there […]
Make no mistake. We are witnessing a high-stakes protocol standards battle play out in real time. And it is just as important as last century’s battle for the internet’s TCP standard. Current capacity constraints on the Bitcoin blockchain have brought us to this impasse. The Bitcoin protocol, as the dominant value transfer “network effect” leader, […]
It looks as if Bitcoin is getting Segregated Witness. Bitcoin Improvement Proposal 91 (BIP 91) just locked in. Up to 90 percent of all hash power signaled support for this soft fork, which implies miners intend, in turn, to trigger Segregated Witness (SegWit) activation. By extension, this should make BIP 148 obsolete and August 1 […]
The price of bitcoin was up on Thursday, driven to a one-month high on optimism that the network’s technology could soon upgrade. Source
At 11:30 a.m. (CDT) on July 19, 2017, a hacker managed to steal 153,000 ETH (approximately $32 million at the time) from three Ethereum wallets by exploiting a vulnerability within the wallets’ multi-signature verification. The affected wallets include the ones using Parity client version 1.5 or later. According to a tweet by Project Lead Manuel […]
A notorious cryptocurrency executive plead guilty to a count of wire fraud on Thursday. He now faces up to 20 years in prison. Source
After darknet market AlphaBay went offline on July 4, many of its users migrated to Hansa Market — and played right into the hands of an “Operation Bayonet,” a coordinated international law enforcement action. Today, both the U.S. Department of Justice and the Europol published press releases stating that Hansa Market has also been shut […]
Perpetrators who exploited a flaw in a popular ethereum wallet software yesterday have taken steps to sell their stolen funds. Source
While Segregated Witness (SegWit) activation is looking more likely by the hour, Bitfury is getting ready to deploy a version of the Lightning network with or without the protocol upgrade. The blockchain technology company, perhaps best known for its Bitcoin mining pool of the same name, successfully sent real bitcoins over a test version of […]
The post Segwit2x, UASF and the Possible Fork – Here’s What You Need to Know appeared first on 99 Bitcoins. This post compliments the previous post we’ve written about the controversy within the Bitcoin community on March 2017. If you want a deeper understanding of what’s going on please read the original post. If you just want the […]