Bitcoin

Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

February 19th, 2019

Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Unraveling…

Everything You Should Know About Bitcoin Address Formats

February 18th, 2019

A wallet address, comprising a string of 26-35 alphanumeric characters, is all it takes to send and receive bitcoin. Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. With multiple address formats to choose from, and wallet providers and…

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

February 18th, 2019

On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of…

Most of 2017’s Leading Cryptocurrencies by Market Cap Have Crashed Out of the Top 15

February 18th, 2019

Many cryptocurrencies rose and fell during the 2017 bull market and subsequent year of bearish retracement. While the top four crypto assets by market cap have remained the same over the last two years, more than half of the leading markets as of Feb. 19, 2017, have since fallen from the top 15. 2017’s Top…

In the Daily: Shapeshift Beta, Coinsquare Acquisition, Grayscale Investment Report

February 18th, 2019

In this edition of The Daily we cover the beta launch of a new platform from Shapeshift, an acquisition by one of the largest cryptocurrency exchanges in Canada – Coinsquare – and the latest Grayscale digital asset investment report. Shapeshift Unveils Beta Noncustodial crypto changing service Shapeshift is opening signups for a beta trial of…

SEC and CFTC Set to Collaborate To Regulate Bitcoin ETFs and Other Investment Products

February 18th, 2019

Reports revealed that the high profile regulators of the crypto market, SEC and CFTC is open to collaborating to regulate crypto investment products, including Bitcoin ETFs. SEC Commissioner Hints To Collaborate However, during ‘a Bipartisan Policy Center event’ last week which themed on ‘The Year Ahead for Capital Markets’, the Securities Exchange Commission (SEC) and…

Markets Update: Cryptocurrencies Bullish Following Higher Lows

February 18th, 2019

The cryptocurrency markets have enjoyed a day of significant bullish action, with only four of the top 80 crypto assets by capitalization posting a 24-hour loss as of this writing. ETH was the strongest performing leading market, comprising the only cryptocurrency in the top 25 by market cap to post a double-digit gain for the…

Green Bitcoin February: Bitcoin [BTC] Investors Got More Reasons to Be Bullish Now than ever

February 18th, 2019

At the time of writing, Bitcoin has been trading at $3,630 with 24-hours loss of 0.24 percent. The leading cryptocurrency is currently managing the daily trading volume of $6.4 billion. If we take a look at the Bitcoin price for the past 7 days, the price moved between $3,695 and $3,610. Since June 2018, Bitcoin…

Shift Card Sunsets, Leaving US Crypto Card Users With Few Options

February 17th, 2019

U.S.-based Shift Card, a Visa debit card service that allows people to spend cryptocurrencies held on Coinbase in real-time, will be ceasing operations this April. Shift’s email to customers explains the company hopes to relaunch in the near future, but for now there are few crypto debit card options left for U.S. residents. Shift Financial’s…

Startups-Focused Law Firm Now Accepts Bitcoin Cash Payments

February 17th, 2019

Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium. The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay. Atrium Fintech and…