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Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’
7.6.2019
There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative...
Blockstream Developers Alleged to Earn $850K Per Year
7.6.2019
There are perks to working for Blockstream, aside from having to answer to Samson Mow. Developers for the Bitcoin Core software company are alleged to earn up to $850K per year thanks to a “stock option” that sees them paid 20% of their salary in BTC. That BTC is pegged at the price...
In a World Where Central Planners Push Debt, Cryptocurrencies Look Better Every Day
6.6.2019
Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.S. Federal Reserve and the Reserve Bank of India...
Bitcoin Miners 'Highly' Profitable Again, China Still Dominates
6.6.2019
At current prices, the average miner is highly profitable again, with even older gear and high-cost producers currently able to make profit, crypto investment firm CoinShares concluded in its newest report on Bitcoin mining. It also claims that China still dominates both the mining hardware...
Why Bitpay Is Really Charging More for BTC Transactions
6.6.2019
Bitpay has recently been attacked on social media for charging an extra fee for BTC transactions that it doesn’t ask of BCH users. The reality is that the company simply has to cover its operational costs related to the BTC network, whose fees are currently very high again. Also Read: How...
Greenpages.cash Will Help You Find Merchants Accepting Bitcoin Cash
6.6.2019
Cryptocurrency needs places where you can spend it. Bitcoin cash, with its low-cost and fast transactions, is a good option for merchants and buyers. A platform called Greenpages.cash helps you find stores that will readily accept your BCH. Also read: New Browser Extension Enhances BCH Addresses...
European Football Giant SL Benfica Said Yes to Crypto (Almost)
6.6.2019
More good news came out of the merger of sport and crypto. One of the biggest names in European football, SL Benfica, started accepting crypto as payment “to buy match tickets and the entire range of Benfica products” in a “cheaper, safer and faster [way] than any other online payment method”,...
Bitcoin and Altcoins Correcting Losses but Facing Uphill Task
6.6.2019
After a steady decline, bitcoin price found support near the USD 7,500 level. BTC/USD started an upside correction and recovered above the USD 7,650 and USD 7,700. The price is currently (08:00 UTC) consolidating and facing a lot of hurdles on the upside near USD 7,900 and USD 8,000. Similarly...
India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies
6.6.2019
India’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies. Surprisingly, the central bank claims that it does not have...
Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash
6.6.2019
For years Venezuelans have been surviving the harsh economic climate of their country, beset by hyperinflation and political instability. Small businesses have been hit the hardest. But even in these difficult conditions, the ingenuity and hard work of Venezuelan entrepreneurs has allowed them...
Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup
5.6.2019
Former Mt. Gox CEO Mark Karpeles is dipping his feet back into the crypto industry as he wants to help Japan become a powerhouse within the blockchain economy. The former CEO of the now-defunct exchange told the media on June 5 about his new venture called Tristan Technologies. Also read: Mt...
There’s 100 Unclaimed Bitcoin Cash Wallets Hidden Worldwide
5.6.2019
Over the last few months, the geocaching treasure hunt Findbitcoin.cash has gathered a bunch of new hidden BCH treasures. At the time of publication, there are approximately 105 concealed bitcoin cash wallets hidden all over the world with a large portion of these funds hidden in the U.S....
Analysts Advise Against Buying Bitcoin at Current Dip
5.6.2019
Source: iStock/Valeriy_G
You might want to think twice before you decide to buy bitcoin now before it jumps back up again, according to multiple analysts and traders. There are quite a few theories and suggestions going around in the cryptoworld in regards to what your next bitcoin move might...
Why Darknet Drug Sales Are on the Rise
5.6.2019
The public’s appetite for darknet drugs remains undaunted. A major new survey has shown consistent growth in online drug sales since 2014, with Scotland, Brazil and England leading the demand for narcotics procured off the darknet. Despite numerous darknet markets (DNMs) and supporting...
New Browser Extension Enhances BCH Addresses for Easy Tipping
5.6.2019
Bitcoin cash is a great fit for tipping online creators as it offers extremely low fees which is needed for small payments with cryptocurrency to make sense. A new tool aims to make the tipping process easier, removing the need to manually copy and paste BCH addresses. Also Read: How to Use...
Bitcoin and Altcoins at Risk of Further Declines
5.6.2019
This week, we saw bearish moves in bitcoin and altcoins. BTC/USD failed to stay above the key USD 8,250 support area and recently declined below key supports. The price even cleared the USD 8,000 support area to move into a bearish zone. It is currently (10:20 UTC) correcting higher, but the recent...
PR: Monarch Wallet Updates Bring SLP Support
5.6.2019
Monarch Blockchain Corporation has updated the Monarch Wallet for Android & iOS with a new user interface, full transaction history support for all tokens, SLP token support, SLP Faucet where users can receive free SLP tokens and their Universal KYC Has Also Been Launched!
The post PR: Monarch...
Lightning Network Pioneer Releases New Code for Bitcoin Scaling Concept
5.6.2019
Co-author of the lightning network white paper Tadge Dryja has released new code for a proposed scaling solution he's been working on for a year
Malaysia Begins Approving Crypto Exchange Registrations
5.6.2019
Malaysia’s securities commission has begun registering cryptocurrency exchanges after it started regulating the crypto space earlier this year. The first three crypto trading platform operators have been conditionally approved and given nine months to comply with registration requirements....
Anypay and Cointext Launch BCH-Powered Remittance Solution for Merchants
5.6.2019
On June 3, crypto startups Anypay and Cointext debuted a global remittance application for independent merchants. The new payment solution utilizes bitcoin cash (BCH) and allows anyone from anywhere to send funds faster and cheaper than traditional remittance platforms. Also read:...