Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $3,000 support level has been quite strong Lingham said and in the short-term, the $3,000 support level will likely be maintained with buy orders being set in the lower Read more …
How do bitcoin transactions work? How do bitcoin transactions work? Both Alice and Bob use a bitcoin wallet to make transactions. A wallet is a specialised software that calculates the balance of the user by keeping track of all incoming and outgoing payments. A wallet also calculates the transaction fee that a user needs to pay to the miners of the network to confirm a transaction. That’s why Bob’s balance decreased with 0.05 bitcoin plus a little more to cover Read more …
Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet for creating and redeeming directly on its own platform without having to rely on a third party,” the company said in a post on its Read more …
What is blockchain? A Blockchain is a decentralized ledger. Instead of a central authority it’s maintained by so called miners. Miners add transactions to the ledger and keep a copy of the blockchain. The major innovation of blockchain technology is that peers can reach consensus in a decentralized manner. Miners need to contribute significant computing power to win the right to add a new block to the blockchain. For each accepted block a miner is rewarded with a fixed amount Read more …
“We’re kind of agnostic on price.” That’s Jeffrey Sprecher, the founder, chairman and CEO of Intercontinental Exchange (ICE), speaking during a panel discussion at CoinDesk’s Consensus: Invest conference on Tuesday. Sprecher appeared with Kelly Loeffler, the CEO of Bakkt, the bitcoin futures platform backed by ICE that is gearing up for a planned launch early next year. Sprecher was responding to a question from moderator Michael J. Casey about the recent drop in bitcoin prices (as well as those around Read more …
What is bitcoin and cryptocurrencies? What is bitcoin and cryptocurrencies? Simply Explained for Beginners Digital money is not a new invention. Thanks to online banking and credit cards, we don’t have to use paper money to pay for goods anymore. However, the financial system is still far from being perfect: Hyperinflation and lack of access to financial services still burden the life of millions. Imagine a global, digital currency that is created and supervised by people instead of a central Read more …
A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency – a boon for people who haven’t done so before. Cash deposits and bank transfers can be used Read more …
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The situation on the ground in Venezuela is unimaginable to those of us from the US and other countries where the type of economic chaos and inflation being wreaked upon the citizens of the Latin American country has not been allowed or felt for several decades. Inflation is estimated somewhere around one million percent for the Read more …
U.S. stock exchange operator Nasdaq is reportedly sticking with plans to launch bitcoin futures contracts early next year. A Bloomberg report on Tuesday, citing “people familiar with the matter,” said that Nasdaq will likely still list its own bitcoin futures contracts Q1 2019, despite the weak crypto markets over the last year. It’s currently working through regulatory issues with the Commodity Futures Trading Commission (CFTC), they added. Back in February, the CFTC strengthened its review process for cryptocurrency futures products. Its new Read more …
Bitcoin is having a rough time lately, having been lost more than 80% of its total market cap this year. But the decline has not discouraged Tim Draper from putting his confidence in the crypto technology. The renowned venture capital investor predicted that half of the fiat money holders would eventually shift to cryptocurrencies in the future. Speaking on the sidelines of the World Crypto Con conference in Las Vegas, Draper said that bitcoin will lead the new currency market which Read more …
Disclaimer: The parent company of Bitcoin Magazine, BTC Media, LLC, is an affiliate of Po.et. Today, November 27, 2018, the Po.et team has taken its next step toward the verifiable web as it officially launches its proof-of-existence protocol on the Bitcoin mainnet. According to Po.et CEO Jarrod Dicker, media is a business and journalism is a product. Po.et was founded on the premise that good journalism and a profitable business model should go hand in hand. Authentic journalism, the kind Read more …
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Authorities in Bulgari have busted a cybercriminal gang specialising in internet fraud, seizing over $3 million worth of cryptocurrency in the process. Local news platform 24chasa reports that three individuals were arrested and charged with obtaining more than 5 million lev ($3 million) through various illegal internet schemes. This is the latest breakthrough after a series Read more …