Bitcoin

Market Cap: A Flawed Ranking System for Valuing Crypto

February 20th, 2019

Market cap is often used as a metric of importance in the crypto industry. Communities will react jubilantly as their preferred coin moves up the rankings. People will often invest in the top X coins based solely on their market cap as they think it is representative of a diversified portfolio. However, is market cap…

No Internet, No Problem: How to Send Bitcoin by Amateur Radio

February 20th, 2019

In an age where governments are trigger happy at censoring or shutting down networks, it is reassuring to know that Bitcoin can operate sans internet. Network censorship, after all, is not some dystopian storyline but a power exercised by many democratic governments across the world. Thankfully, there are solutions that enable people to send and…

Survey Ranks South Africa Top for Cryptocurrency Ownership

February 19th, 2019

South Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social media management company Hootsuite and global agency Wearesocial. The survey found that 10.7 percent of internet users in the country own cryptocurrency. Thailand is second, with 9.9 percent of mobile users owning cryptocurrency and Indonesia…

Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship

February 19th, 2019

A recent report published by the Bank of Spain states that Bitcoin is a solution for the creation of a system without censorship. This is in contrast to public comments made by most central bankers who are prone to attack cryptocurrency with little insight into why it is needed. Explaining Peer-to-Peer Electronic Cash to Bankers…

Coinbase Acquires Cryptocurrency Surveillance Company Neutrino

February 19th, 2019

Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies. Coinbase Acquires Neutrino Coinbase, the San Francisco-based cryptocurrency exchange, announced on Feb. 19 that it has acquired Neutrino, which it…

Cryptocurrency Can Now Be Purchased at 10,000 French Tobacco Shops

February 19th, 2019

A partnership between French company Digycode and national point of sale (POS) provider Ingenico has gone live, making it possible to buy cryptocurrencies offline at 10,000 tobacco shops in France – just under half of the total number of licensed tabacs in the country. BTC, ETH, LTC, XRP, and DASH are currently available, with BCH…

Markets Update: BTC Tests $4,000, BCH and ETH Test $150

February 19th, 2019

The cryptocurrency markets have produced several days of bullish price action, with BTC testing resistance near $4,000 for the time in five weeks today. In doing so, it’s broken the 100-day moving average for the first time in 272 days. In other market action, both BCH and ETH rallied to test resistance near $150, and…

Indian Government Inaugurates National Crypto Forensic Lab

February 19th, 2019

The government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner….

Another ‘Satoshi’ Steps Out of the Woodwork, Calls Craig Wright a Liar

February 19th, 2019

On Feb. 8, the chief executive of Nchain, Craig Wright, wrote a blog post that purportedly described his experience of creating Bitcoin. Wright’s essay states “I was Satoshi” but throughout the story, he refuses to reveal his keys. It’s not the first time Wright has claimed to be Satoshi, but in the comment section of…

Indian Police Arrest ‘Cashcoin’ Gang Accused of Scamming Millions From Investors

February 19th, 2019

Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money. An Intention to Cheat Four people have been arrested in relation to…