Month: November 2017

The price of bitcoin has reached yet another all-time high this week, rising past $6,600 for the first time. Markets hit an average high of $6,629.00 around 16:34 UTC, data from the CoinDesk Bitcoin price Index (BPI) shows. The market ramp came hours after CoinDesk’s Bitcoin Price Index reported a first-ever high of $6,500 on November 1, pushing the total market capitalization of Bitcoin to over $110 billion. Recent price advances have increased the share of bitcoin’s market capitalization compared to Read more …

The heavy favorite to be named the next head of the U.S. central bank has indicated he isn’t against bitcoin, but isn’t embracing the idea of a central bank-issued digital currency. President Donald Trump is expected to announced his pick for the next Federal Reserve chair on Thursday, and the latest reports indicate he has chosen Fed Governor Jerome “Jay” Powell. The current chair, Janet Yellen, is scheduled to end her term in February. I have “nothing against bitcoin, nothing Read more …

Initial Coin Offerings, or ICOs, are very popular right now. This kind of Ethereum-based crowdfunding has a principal role in funding crypto-related startup. We can say that they are Ethereum-based because most often, ICOs are based on Buterin’s Blockchain, as it can be used to develop smart contracts that regulate the funds raised. For example, a smart contract can define goals and funding rules so the money raised during the ICO could be spent only for the objective previously decided. Read more …

It’s hard to find a franker bunch in the world of blockchain. While the attitudes of more corporate miners may have created the impression the sector itself is shrouded in secrecy, the trope doesn’t exactly hold weight. And though it’s true those who run the computers that secure bitcoin can be evasive, they’re often also brash – a trait no doubt heightened by the fact that they effectively create value out of thin air. But combine this penchant with linguistic 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. EtherSport, an online platform for sports lottery, has announced its ICO campaign to launch on November, 13th. The company is raising funds through the ESC token sale, in order to create an innovative and transparent Read more …

Image copyright Getty Images Image caption For the first time ever, Bitcoin has hit £5,000 in value The price of Bitcoin has surpassed £5,000 per coin – a new record. While it is a historic moment of sorts, Bitcoin is usually compared to the dollar. The virtual currency peaked at $6,649.33 (£5,015) at about 16:34 GMT on Wednesday, according to Bloomberg. The total value of Bitcoin in circulation is currently $110bn (£83bn) and the cryptocurrency has risen more than seven-fold Read more …

Increasing improvements to blockchain technology — which allows for the transfer of ownership without the use of a centralized third party (such as a bank) — has resulted in the mass availability of blockchain “smart contracts.” A smart contract is a prewritten software program that automatically performs each party’s obligation in an “if-then” format, while taking advantage of blockchain’s decentralized verification system. Uber-secure cryptocurrencies, such as bitcoin, use the same type of verification systems. A simple example is this: If Read more …

E-commerce giant Amazon has registered three cryptocurrency-related web domains, online records show. According to information from Whois Lookup, three domains – “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com” – were registered on Oct. 31. The domains are linked to Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc. that has been attributed to past patent filings from the e-commerce company. Phone numbers listed on the registration documents connect to Amazon’s legal department, though a representative of that office could not be reached by press time. The Read more …