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Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions
29.10.2020
The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool...
Can Github Remove the Bitcoin Codebase? Recent Repository Takedown Has Proponents Worried
26.10.2020
On October 23, the Microsoft-owned Github leveraged an ostensible DMCA takedown in order to remove 18 projects from the code-hosting portal. According to sources, the takedown stemmed from a request filed by the Recording Industry Association of America (RIAA). Github’s recent move has made...
Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the Amazon Founder’s Net Worth
17.10.2020
Jeff Bezos is the world’s richest man, but someday if bitcoin crosses a certain valuation then Satoshi Nakamoto will be the wealthiest if he/she or they are still alive. Today, Satoshi Nakamoto, is the 157th richest person worldwide, and the crypto asset will have to cross six digits in order...
A System of Robot Drug Dealers on Telegram Allows People to Buy Illegal Products for Bitcoin
13.10.2020
There’s a new avenue darknet market (DNM) customers have found that allows them to purchase illegal wares 24 hours a day via a robot drug dealer hosted on Telegram. The platform dubbed ‘Televend,’ is an automated software program that peddles illicit narcotics for people paying...
NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week
14.9.2020
While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during...
Defi Project Yearn Finance Smashes Records as Native Token Surpasses $30K
30.8.2020
The decentralized finance (defi) crypto asset tied to the Yearn Finance project has smashed records this week, as the coin touched a high of $30,324 on Saturday evening. Yearn’s token YFI has been recently added to the Aave platform and the project’s founder, Andre Cronje, is currently...
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
18.8.2020
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress...
Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes
5.8.2020
Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures...
Cyclebit Empowers Retailers to Accept Crypto Payments In-Store, Online and On-The-Go
27.7.2020
Cyclebit is a crypto payment processor that allows merchants to easily accept digital assets payments anywhere, in both offline and online environments. It is a global company already established in Canada, the U.S., Europe, and Southeast Asia. Cyclebit currently supports more than 20 of the most...
Exploring Decentraland: A Review of the Virtual World Built on Ethereum
27.7.2020
During the last two weeks, I’ve been roaming around the virtual world Decentraland in order to get some perspective on the platform supported by the Ethereum Blockchain. The following is a review of my experience in Decentraland and observing all that has been built since it was invoked over...
Simple Ledger Protocol Universe Is Thriving: Lottery, Mint, ATMs, Over 8,500 SLP Tokens Created
21.6.2020
It’s been close to twelve months since we reported on the vast Simple Ledger Protocol (SLP) universe built on top of the Bitcoin Cash chain. At the time, there were 2,700 unique SLP tokens created, and that’s increased by 217% during the last year with 8,585 SLP tokens created to-date....
London’s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra
10.6.2020
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the contract, known as Bitcoin Exchange Traded Crypto (BTCE)...
Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition
7.6.2020
The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once...
American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System
30.5.2020
The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken...
Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT
20.5.2020
During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance...
3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
7.5.2020
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting...
Bitcoin.com Wallet Users Can Now Purchase More Than $10K Worth of Cryptocurrency
5.5.2020
During the end of March, news.Bitcoin.com reported on the newly updated Bitcoin.com Wallet that features a number of new services like digital currency price tracking. The lightning-fast, noncustodial wallet allows people to store BTC and BCH, but also provides people with the ability to purchase...
Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat
1.5.2020
U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets,...
Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics
17.4.2020
At Bitcoin.com we take pride in providing the best cryptocurrency resources online so people can learn about the great benefits of bitcoin. One particular service we offer is a cryptocurrency market valuation and price data aggregator called markets.Bitcoin.com. This week our team is pleased...
$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy
16.4.2020
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly...