News

Bitcoin Exchanges “Seriously Considering” Funding a Competitor – Gavin Andresen

Gavin Andresen, Chief Scientist at the Bitcoin Foundation and Lead Developer of Bitcoin until 2014, held an extensive Q&A session with the Chinese bitcoin community yesterday. Answering a range of questions from a diverse array of topics, the session focused on the most pressing issue in bitcoin, transaction capacity. Acknowledging the Beijing meeting between miners […]

Bitcoin Price Advance Halts At $450

Bitcoin price achieved $450 (Bitstamp) and 2900 CNY (BTCC) overnight. Since then price has entered a pullback that appears incomplete at the time of writing. 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 $29 discount using the code CCN29. Bitcoin […]

Bitcoin Price Watch; Here’s What’s on for the Weekend

Earlier on this morning, we published the first about twice daily bitcoin price watch pieces. In the article, we noted that the overnight highs that fell just short of 452 flat would likely serve as some pretty solid medium-term resistance, and that’s during today’s session, we might see a period of prolonged consolidation.  As things […]

Bitcoin Support is Coming to Steam

It has been a long time coming. Valve is gearing to implement Bitcoin support on Steam, going by screenshots taken from Steam’s private developer forums. The rumors surrounding Steam’s support for Bitcoin payments came to a head in February this year, when new translation strings in Steam’s translation server suggested that the world’s biggest PC […]

Gavin Andresen: “I haven’t seen a really great use of Ethereum yet”

Despite all of the focus on the Ethereum ecosystem right now, one of the questions waiting to be answered is when the first project making great use of this protocol will come to fruition. Gavin Andresen is waiting for that project as well, and he feels how Ethereum smart contracts could potentially cause issues. Also […]

The Most Ear-Pleasing Bitcoin Rumor is Back

An unconfirmed announcement circulating on Reddit has disclosed Steam’s plans to integrate Bitcoin payments into its gaming platform. According to a snapshot allegedly taken from the publicly unavailable Steamworks Development forum, the gaming distribution platform is close to forming a  partnership with an “external payment provider” to add Bitcoin support. The announcement reads: “Bitcoin is becoming […]

How Bitcoin and Blockchain Can Avert Systemic Bank Collapses

Editor’s Note: This is an opinion piece by Andrew Quentson; the views and opinions expressed are those of the author. Since their inception, banks have been a systemic risk to the economic well-being of nations. Their crucial role in clearing, processing and creating money, the financial lifeblood of the economy, ensures efficient trade between specialized […]

Zooko: The Financial Industry Is Demanding Privacy for Blockchains

Although one may assume that the demand for privacy in Bitcoin and other blockchain-based systems is coming from crypto-anarchists and libertarians, the reality is that a huge push for concealing transactions on the blockchain is coming from the traditional financial industry.  During a recent cryptocurrency event at the Cato Institute, Zcash CEO and longtime cypherpunk […]