If one proposal excited attendees at the recent Scaling Bitcoin workshop in Hong Kong, Bitcoin Core and Blockstream, it was developer Dr. Pieter Wuille’s Segregated Witness. Praised by many within the technical community, Segregated Witness is expected to improve Bitcoin’s performance in a number of ways, while some even hope it might be the scaling […]
Bitcoin has failed to latch onto the weekly high of $466.64, coming down swiftly to $442.38 in a week dominated primarily by the first US interest rate hike in almost a decade. Interestingly, the cryptocurrency failed at the same level in the previous week also. As the week comes to a close on a relatively […]
Bitcoin’s ability to operate outside national jurisdictions may hep it solve an age-old economics paradox, Travis Patron argues.
Bitcoin now enjoys celebrity status. The digital currency has got people from all industries interested. Bitcoin industry has attracted people holding various offices in both private and government sector to switch their industry. Executives, bureaucrats, law enforcement officials, media and publicity gurus, actors, politicians. You name it, they have done it – switched their careers […]
Bitcoin trading has become listless and lacks direction. Perhaps the succession of two advancing waves and a return to the vicinity of the previous high has cooled down the market’s eagerness for additional advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and […]
As a wise man once said, there is no escaping taxes and death once you are born. When Bitcoin was introduced, however, there was a glimmer of hope, most of us thought that we might just be able to escape taxes. Unfortunately, it was short lived, as the IRS decided to impose taxes on virtual […]
Two men in Ireland, one a bitcoin trader, pled guilty to selling drugs on the darknet to customers worldwide, according to The Irish Examiner. The bitcoin trader posted drug orders to different countries after trading bitcoin. He admitted to selling drugs on Silk Road and Agora. Police charged Richard O’Connor and Neil Mannion, both 34 […]
Nearly every day, U.S. financial institutions announce projects to better understand the blockchain, often partnering with technology startups. It would be a mistake to think their Japanese counterparts are far behind. Nomura Research Institute (NRI), a Tokyo, Japan-based provider of consulting services and system solutions, will develop a proof of concept (PoC) for implementing blockchain […]
Litecoin creator Charlie Lee discusses the trade-offs developers are currently considering as they seek to increase the bitcoin network’s capacity.
Tech and Banking Giants Join Forces with the Linux Foundation to Create New Open Source Blockchain ‘Hyperledger’
A group of top tech and finance companies including IBM, Wells Fargo and the London Stock Exchange Group, are joining forces to develop a new open source blockchain separated from the Bitcoin blockchain, Bloomberg Business reports. The group will work with the Linux Foundation to create a public network that lets blockchain applications built on […]