This past week was a big step forward for the SegWit Ecosystem, i.e., SegWit enabled coins. Within a span of four days, Litecoin has been successfully exchanged through Atomic Swaps with Decred, Vertcoin, and then finally Bitcoin. On Sep. 19, 2017, Charlie Lee, the creator of Litecoin, and Alexlyp, from the Decred Project, were able to swap 1.337 LTC for 2.4066 DCR. Although they ran into difficulty at first, they were able to complete the swap via on-chain transactions through Read more …
Regulators across China are intent on shutting down all Bitcoin operations in the country. The price of BTC has reflected these concerns, plunging from over $4,000 (September 18, 2017) to a level of around $3,718 (September 24, 2017). In fact, BTC peaked at over $5,000 per unit by Friday, 1 September 2017, and BTC has rapidly tapered off since then. A big part of the reason for this precipitous decline in BTC is China, vis-à-vis regulatory measures. Traders in China Read more …
Op-Ed Fiat currencies make us mean and inhumane, according to most money research. On the other hand, cryptocurrencies might bootstrap humankind with more compassion, tenderness, and love. These digital assets could disrupt our psychology and increase human happiness. It’s in the nature of how these currencies function. Also read: Bitcoin Markets Rebound as More Chinese Exchanges Plan to Close Operations That said, if fiat currencies do exacerbate or even cause the money-empathy gap, and other negative psychological phenomena, Read more …
Few things have grown as rapidly as blockchain technology has over the past five years. The stunning rise to power has been marked by ups and downs, to be sure, but the increase in platforms has been truly incredible. What started as one API (application programming interface) in 2012 has grown to around 50 as of June 2017. Since July 2013, bitcoin APIs have rocketed from an estimated 50 APIs to a jaw-dropping 350 APIs, representing an astounding 63% yearly Read more …
Bitcoin has had quite the year so far in 2017, with the price up by 320% since Jan. 1. However, this type of move pales in comparison with the digital currency’s climb in its early years. In fact, you might be shocked to discover just how much a few dollars’ worth of bitcoin in the early days would be worth today. The price history of bitcoin Bitcoin began trading in 2010, as the first bitcoin exchange opened in March 2010 with Read more …
News The Russian State Duma is holding a tender for a detailed study on the subject of cryptocurrency, blockchain technology, and initial coin offerings (ICOs). The government will pay the winner 2.5 million rubles out of the federal budget. The deadline for submissions is October 10. Also read: Bank of Russia Opposes Cryptocurrency Legalization, Worried About ‘Loss of Control’ Calling Crypto Researchers According to the Russian government’s public procurement website, the State Duma is holding a tender for Read more …
An early bitcoin developer and entrepreneur, Alex Waters served as COO and CIO for bitcoin exchange startup BitInstant. Later going on to start several bitcoin ventures, he was also at the forefront of efforts to boost its regulatory compliance. In this opinion piece, Waters reviews “How Money Got Free: Bitcoin and the Fight for the Future of Finance” (Oneworld Publications), arguing it captures the zeitgeist of the original cryptocurrency and the sprawling – all too human – movement that helped it Read more …
Everyone I know is making a fortune either holding or trading Bitcoin. In all reality, buying Bitcoin and holding it throughout the long term offers the potential for huge profits without having to stare at order books all day long. However, the potential to double or triple holdings is often just a mere trade away, especially when trading on margin. This is why so many people are giving up their day job to trade Bitcoin and altcoins full time. Trading Read more …
Developers often use words like “monolithic,” “blob” and “tangled” to describe the code underpinning bitcoin. These words paint a picture of how difficult the code can be to comprehend and, in turn, work with, and it’s not exactly a comforting thought for a network supporting $61 billion in investor dollars. That’s not to say bitcoin doesn’t work – it does – but the state of the codebase does leave something to be desired, both for users who might desire more flexibility and Read more …
As reported by CCTV news, 17 trading platforms will stop cryptocurrency trading in Shanghai. BTCChina, Binance, SZZC, Lhang, ETCWin, Bitekuang, 51SZZC, Hanbiwang, Bitbill, 19800Net, FreeWillex, ICOAGE, 91ICO, ICOrace, ICOfox, ICORaise and ICO17 have publicly announced that they are no longer involved in ICO operations and have proposed plans to exit from the market. According to a report by the National Committee of Experts on the Internet Financial Security of Technology of China, in January 2017 up to July 18, there Read more …
Bitcoin’s appeal is that it operates independently of any central bank. As such, it is seen as heralding a new age of global payments. Bitcoin comprises just under half of the $100-billion cryptocurrency universe. Blockchain, the technology behind Bitcoin, is, in our view, a far more powerful platform than Bitcoin itself. A specialist in financial technology said on question-and-answer website Quora: “Blockchain technology creates a decentralised digital public record of transactions that is secure, anonymous, tamper-proof and unchangeable. Instead of Read more …
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. BitIndia will be bringing an open source platform which empowers the users to have secure transactions and hold the private keys of the cryptocurrencies on the blockchain nodes. The BitIndia wallet will transform the current structure Read more …