It’s the 10th Anniversary of the Bitcoin White Paper. Have You Read It Yet?

On October 31, 2018, we celebrate the 10th anniversary of Bitcoin’s white paper, the seminal literature of Satoshi Nakamoto’s creation and the new cryptographic field he introduced with the blockchain. Since its release, the white paper has become a must-read for crypto enthusiasts, be they fledglings or veterans, investors or coders. Part technical primer, economic treatise and constitution, our community has canonized the document as something of a blockchain bible, one that has done its fair share of proselytizing followers Read more …

Bitcoin Bull Tom Lee ‘Pleasantly Surprised’ by Drop in Crypto Volatility

Twitter Facebook Over the past several weeks, the bitcoin price has been uncharacteristically stable, even as equities have lost their footing and the global stock market has flirted with corrective territory. Tom Lee, the founder of Fundstrat Global Advisors and one of Wall Street’s most well-known bitcoin bulls, said that he was pleasantly surprised by the drop in crypto volatility, particularly when juxtaposed with the stock market’s recent swings. He told CNBC: “It’s surprising given how small bitcoin is in Read more …

Petro… Petro… Get ’em While They’re Hot!

After what seems like an unnecessarily long bout of teasing, we can finally get our hands on all those lovely Venezuelan Petro.  As Bitcoinist reported earlier this month, the Petro has been finally launched by the Venezuela government. Today, the Vice-President of the Economy announced the release on Twitter with this lovely infographic. #Enterate || El Petro podrá ser adquirido por personas jurídicas y naturales desde su portal web https://t.co/0ldQe5CTHL #PetroNuevaEraEconómica pic.twitter.com/x2gyoncOVd — Vicepresidencia de Economía (@ViceEconomia) October 29, 2018 Read more …

Has Warren Buffett Made a U-Turn on Crypto Investments?

For years now, Warren Buffett has been talking against cryptocurrencies, and Bitcoin especially, claiming that this technology is nothing more than a bubble and a scam. However, recent reports indicate that he may have had a change of heart. Berkshire Hathaway Investing in Fintech Mr. Buffett, who continuously rejected cryptocurrency and fintech, seems to have decided to invest as much as $600 million into two large fintech firms. Each company is set to receive a $300 million investment from Buffett’s Read more …

Coinbase’s Head of Trading Resigns After Six Months on Job

The head of trading at Coinbase, Hunter Merghart, has resigned from the U.S. crypto exchange and wallet provider after just six months on the job, CoinDesk has learned. Merghart made the decision to leave the company last week and is now exploring other opportunities, according to people familiar with the situation. Coinbase declined to comment on the move when reached. His departure follows that of the executive who hired him, Adam White, who left Coinbase earlier this month to become the Read more …

Indian Official Suggests Ban on ‘Private Crypto’ Prior to Supreme Court Decision

India’s secretary of Economic Affairs has recommended that the country’s Ministry of Finance to impose a ban on “private cryptocurrencies,” according to a report published by the Indian government press center Oct. 31. The Financial Stability and Development Council (FSDC), headed by India’s finance minister Arun Jaitley, held a meeting on the current economic and financial situation in India, attended by senior government and financial regulation officials. Shri Subhash Chandra Garg, secretary of the Department of Economic Affairs, reportedly proposed Read more …

Bitcoin Could Hold $6,300 For Another Month Due to Low Volume

Twitter Facebook Over the last 24 hours, Bitcoin has slightly recovered from $6,230 to $6,260, unable to breakout of the $6,300 mark. Throughout the upcoming days, if Bitcoin fails to stabilize in the $6,300 to $6,400 range, the price of BTC is at risk of dropping to the lower region of $6,000 and possibly below the $6,000 mark. Major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) have prevented extended losses below their low price range. But, ETH Read more …

Wasabi Wallet 1.0 Is Here to Make Bitcoin Transactions More Private

Wasabi Wallet 1.0 went live today, October 31, 2018. The release, which Wasabi’s creator Ádám Ficsór humbly called “nothing revolutionary,” cleans up the software and makes it compatible with macOS. “The 1.0 release is a download and run that works properly on all platforms (Windows, Linux, OSX.) We made the wallet load time faster, caught some memory leaks, [and] rewrote the OSX backend of the UI library we used,” Ficsór told Bitcoin Magazine. A self-described “open-source, non-custodial, privacy-focused Bitcoin wallet,” Read more …

Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

Technology On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash. Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation The Bitcoin Whitepaper:Eight Pages of Pure Innovation The Bitcoin whitepaper is an essential Read more …

Former Fed Chair Janet Yellen Is Now a Bitcoin Owner

She may not be “fan” of bitcoin,” but former Federal Reserve chair Janet Yellen now has a small amount of BTC in her possession. On Monday, Yellen explained why she believes bitcoin is not a useful form of currency during an appearance at the Canada Fintech Forum. The former chairperson of the U.S. central bank has struck critical tones in the past toward cryptocurrency, but elsewhere had said she views blockchain as an “important technology.” A day later, according to an Read more …

Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency. Unfortunately, there are many misconceptions around energy use and why it’s required to safely and securely transact cryptocurrencies.During our ribbon-cutting ceremony in the City of Medicine Hat in September 2018, a reporter asked me how I felt about something “frivolous” like bitcoin using so much energy. I Read more …

PR: aXpire Acquires BlockchainWarehouse (BCW)

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. aXpire Acquires BlockchainWarehouse (BCW) aXpire, a leading blockchain fund solutions company, has announced the acquisition of BlockchainWarehouse (BCW), a blockchain accelerator and leading token sale product developer. aXpire has made the acquisition to bolster the Read more …