Bitcoin continues to stabilize its network activity with a return to upward difficulty adjustments after hash rate reversed its decline last month. Bitcoin Continues To Police Itself Data from statistics resources Blockchain and Bitcoin Wisdom confirms that the Bitcoin network’s most recent difficulty adjustment was up, not down, by just over 10 percent. ‘Difficulty’ refers to the ease with which miners can solve equations to validate a block of transactions in the Bitcoin blockchain. As Bitcoinist reported, the period since Read more …
Year: 2019
Bitcoin Price Analysis: BTC Bounce Back, Wells Fargo to Reimburse $575 Million
Latest Bitcoin News Among other advantages, the blockchain is transparent, and once there is a registration, it’s easy to track all transactions related to that address. That’s why this technology is perhaps the most significant innovation of the 21st century. If traditional companies incorporate this technology, then talks of scams and other unscrupulous activities will be unheard of. This is because everything would be open and transparency on another level. The opaque nature of bank operations is the reason why Read more …
S&P 500 and Stock Markets Worldwide Close Out Worst Year Since 2008
Stock markets worldwide, including Dow Jones, Nasdaq and the S&P 500, have posted disappointing yearly returns, with many indexes being compared to their performance during the financial crisis. The S&P 500 is down 6.2% for 2018, while the DOW Jones Industrial Average is down 5.6% for 2018. These numbers, compared to the financial crisis, where the indexes posted yearly losses of 38.5% and 33.8% are a new low given the general bull sentiment surrounding markets going into 2018. While the Read more …
US Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case
A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27. Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim. Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, local daily news outlet Atlanta Journal-Constitution reported Dec. Read more …
Top Markets See Strongest Trade of H2 2018
Markets and Prices The five most traded cryptocurrency markets saw an increase in volume during December, when compared with the previous month. Despite the spike in trading activity posted by the dominant markets, many crypto assets ranked below the top five saw a decline in month-over-month volume. Also Read: Report: Indian Government Updates Progress on Crypto Regulation USDT and Top Altcoin Markets See Volume Increase BTC saw a slight increase in volume during December, with $157.2 billion worth of trade taking Read more …
Georgia State Senator Arrested for Lying about ‘Stolen’ Crypto Mining Equipment
Michael Williams Michael Williams, a state Senator from Georgia, has turned himself over to authorities after he was accused of insurance fraud. Williams, who co-introduced the Senate Bill 464—which aimed to compel the state’s revenue authority to receive cryptocurrency as payments for taxes—was charged by a Hall County grand jury on December 18 after an investigation was carried out by the Georgia Bureau of Investigation. According to prosecutors, back in May 2017, Williams lied about the theft of computer servers Read more …
While Bitcoin ‘Died’ 90 Times In 2018, There Are Almost 1000 ‘Dead’ Altcoins, Data Shows
A look at the history of cryptocurrency in 2018 has shown that Bitcoin (BTC) has risen from a “dead” designation in the media 90 times, data from industry news and information portal 99bitcoins shows. According to the site’s fabled Bitcoin Obituaries section, which tracks media claims that Bitcoin has failed, almost 100 such claims surfaced last year as BTC/USD trended down from highs around $20,000 in December 2017 to lows of $3,130 in December 2018. By contrast, a log of Read more …
PR: ZPool Launches ZCash Mining Pool
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. 2019.1.1, one of the world’s largest ZCash mines—ZPool officially opened up its ZCash mining pool, and started recruiting miners from all over the world free of service charges. KIENG KESSARA, the founder of ZPool, noted Read more …
This Bitcoin Price Indicator Adjusts For Lost and Unmoved Coins
Castle Island Venture’s Nic Carter, with the help of Blockchain.info’s Antoine Le Calvez, presented the concept of “Realized Value” for Bitcoin price at the Riga Baltic Honeybadger 2018 conference. The point was further elaborated upon in a Medium post by Murad Mahmudov and David Puell. Bitcoin’s Realized Value Ratio The Realized Value ratio is calculated by dividing the daily market value by realized value on a daily basis. It calculates the aggregated value of UTXOs priced on their value when they Read more …
Verge (XVG) Technical Director Opens up on Cryptocurrency’s Origin Story
Brandon Simons Verge (XVG) Technical Director Brandon Simons has released a tell-all account about the origin of the cryptocurrency and his involvement with the early development and marketing efforts. In a post on his medium page, Simons who goes by the internet sobriquet CryptoRekt revealed that his interest in cryptocurrency first began in October 2009 when he discovered bitcoin, which he mined extensively for the next two years. Following a hard disk crash in 2011 which saw him lose thousands of BTC, Read more …
The Daily: Best Selling Authors Introduce Bitcoin to Followers
The Daily In the first edition of The Daily for 2019, we feature two best selling authors from outside the cryptocurrency community that recently used their social media reach to introduce the idea of Bitcoin to their numerous followers. Tony Robbins simply wants his readers to know “what the heck is bitcoin,” and Jordan Peterson explores crypto donations to avoid possible censorship by the likes of Patreon, Paypal, Visa or Mastercard. Also Read: Bakkt Completes First Round of Funding With Read more …
Jimmy Song Highlights Decentralization as Key to Success of Bitcoin Over Altcoins
Perceptions of Bitcoin (BTC) versus altcoins changed forever in 2018, as the largest cryptocurrency separated itself from the rest, Bitcoin developer Jimmy Song wrote in a blog post on Dec. 31. An ardent defender of Bitcoin’s decentralized values, Song, who is also a frequent social media commentator, argued that last year “showed […] what Bitcoin Maximalists have been saying all along.” “Bitcoin is different because Bitcoin is decentralized,” he summarized, adding: “The advantages of decentralization are often subtle and easy Read more …