Crypto Analyst: Shutdown Of Bitmain’s Mining Operations Isn’t A “Big Deal”

While Bitmain has made forays into artificial intelligence and other budding markets, at heart, Bitmain is a Bitcoin– and crypto-centric mining startup. So, it should come as no surprise that industry participants were shell-shocked when hearsay arose that Bitmain was poised to shutter a number of its mining-related ventures. However, one crypto analyst has claimed that the firm’s reported shift in strategy isn’t “necessarily a big deal.” Bitmain’s Crypto Mining Operations Reportedly Folding Although Bitmain is hailed as the de-facto Read more …

Report: Indian Government Updates Progress on Cryptocurrency Regulation

Regulation The Indian government has reportedly provided an update on its progress toward the country’s regulatory framework for cryptocurrencies. The government provided its latest stance in areas such as the national cryptocurrency and licensing of crypto businesses. It is pursuing crypto regulations “with due caution,” according to reports. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations No Specific Timeline The Indian Ministry of Finance has reportedly answered some questions regarding cryptocurrencies asked by Lok Sabha, the Read more …

OpenNode Rejects Roger Ver’s $1.25m Fund Offer

Bitcoin payment processing startup OpenNode has rejected a $1.5 million investment gesture made by Roger Ver. The company, which exclusively supports the Bitcoin payment protocol, confirmed that its vision of a better and more open financial system could not be achieved with Bitcoin Cash, adding that it would spend 100% of its resources on Bitcoin and its second-layer payment solutions instead. No amount of money will make us service inferior money. https://t.co/unBoSX2zpZ — Rui Gomes (@ruigomeseu) December 30, 2018 OpenNode Read more …

Rick Falkvinge: Imminent Financial Crisis Perfect Opportunity to Convert the Masses to Crypto

Economics Warnings of an imminent financial crisis are in the media more than ever before. But could such an event be the tipping point that puts Bitcoin and cryptocurrency firmly into the mainstream? Politician and tech entrepreneur Rick Falkvinge says it would be the perfect time to finally convert people to crypto.  Also read: Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist “Storm Clouds Building” A global financial crisis is imminent – and we’re not prepared, experts have warned. Read more …

Stellar, Ripple Co-Founder Jed McCaleb

Jed McCaleb According to Stellar, Ripple, Mt. Gox, and e-Donkey co-founder Jed McCaleb, Tron is “just garbage.” McCaleb, who forked away from Ripple to create Stellar due to personal differences with the mission of Ripple’s corporate board at the time, also feels that the crypto market is doing well. He pointed out to Yahoo! Finance that it’s “way way up” even if it’s had some turbulence over the course of 2018. McCaleb was asked over the phone what his takeaways Read more …

Bitcoin is a Garbage Network, Says Fortune 500 Software Developer

Years of over-engineering and ethical decay has made Bitcoin a garbage network, says a Fortune 500 software developer. Bryce Weiner, known for being part of controversial altcoin projects and their subsequent failures, took a potshot at the world’s leading digital currency protocol without elaborating on it. He later admitted that he was acting humorous while responding to a personal remark made on him earlier. Saying then that Bitcoin is indeed not a garbage network, but it still has a lot of Read more …

Iran Declares Telegram Crypto Aspirations an Act Against National Security

The Iranian government has taken further steps against Telegram’s cryptocurrency development, the Tehran Times reports Dec. 31. Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared that any cooperation with the encrypted messaging app to launch its Gram token will be considered an act against national security and a disruption to the national economy. Javidnia stated: “One of the most important factors in banning Telegram was a sense of serious economic threat from its activities, which was Read more …

Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

Op-Ed Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a complete mixture of accessibility, sensible transaction fees, and censorship resistance, as promised by proponents years ago. Also Read: Bounties and Responsible Disclosure Bolstered Crypto Infrastructure Read more …

Tony Robbins Is Now a Bitcoin Expert?

After ten years in existence, Bitcoin has officially made the radar of multi-millionaire motivational speaker Tony Robbins. “Team Tony,” presumably employees of Robbins, recently posted an article entitled “What You Need to Know About Bitcoin” on TonyRobbins.com which Robbins promptly tweeted about: What the heck is bitcoin, and how does it work? Find out here. https://t.co/KkenntACZd — Tony Robbins (@TonyRobbins) December 30, 2018 Robbins, most famous for firewalking during his motivational speaking engagements and selling his “Personal Power” self-help series Read more …

Over 900 Retailers Now Accepting Bitcoin Cash

According to a recent Reddit post crunching the numbers for the latest merchant accepters of Bitcoin Cash, the number of online stores accepting BCH could be over 945 and the number of brick-and-mortar retailers around 670. One Reddit user, likely connected with the Bitcoin Cash Association, listed the latest statistics for Bitcoin Cash (BCH) adoption from three websites. As the websites are likely to list at least some of the same merchants we’ll take the highest online and brick-and-mortar retailers Read more …

Tony Robbins Explains How Bitcoin Works to His 3 Million Followers

If you’ve recently wondered, “What the heck is bitcoin, and how does it work?” then you’re probably new around here. Life coach, Tony Robbins, just explained all to his 3+ million Twitter followers, and just in time for New Year. Tony’s Theme Tony’s Tweet links to a blog post on his website credited to ‘Team Tony’, which they must have written at the start of the year, based on the quoted bitcoin price ($9979). Perhaps the bitcoin price 00 volatility Read more …

Seven New Year’s Resolutions for Bitcoiners

In the time-honored tradition of goal setting for the new year, Bitcoin Magazine has compiled a short list of seven possible New Year’s Resolutions for Bitcoiners as we head into 2019. Building a strong Bitcoin community begins with individual efforts, some small, others more ambitious and labor intensive. What might you do to contribute to the Bitcoin ecosystem this year? Teach five people about bitcoin and help them set up a wallet. Anyone can become a Bitcoin evangelist. Chances are Read more …