Bitcoin

More Than 30% of BTC Traffic Stems from the Veriblock Project

February 17th, 2019

Over the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in this manner. The Veriblock Chain Is Paying for a…

How to Outwit Blockchain Analysis and Conceal Your Coins

February 17th, 2019

How do you convert bitcoin that’s associated with your identity into coins with no connection to your name? In an era of enhanced blockchain forensics tools, passing your coins through a few addresses and hoping for the best won’t cut it. Reclaiming your right to privacy and to own bitcoin anonymously calls for a smarter…

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

February 17th, 2019

In this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and…

Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are Securities

February 17th, 2019

After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status. SEC’s Motion…

Bitcoin Price to Tank to $1,165, Crypto Analyst Bets on it

February 17th, 2019

There are no short of Bitcoin price predictions with as high as $250,000, however, before Bitcoin hit another all-time high, it is to crash to the bottom which is expected in somewhere around quarter first of this year. Back in January 2019, popular crypto trader, Murad Mahmudov took to Twitter to share with the community…

Drug Dealer Fights to Prevent Canadian Police From Forfeiting His BTC

February 16th, 2019

A Canadian online drug dealer, snared by an undercover police agent on the dark web, is pleading to be allowed to keep half of the 288 bitcoins that police seized from him as proceeds of crime. With prosecutors seeking a court order to forfeit the crypto stash, worth CAD$1.4 million (US$1.1 million), the 30 year-old…

Markets Update: Crypto Traders Still Uncertain After a Week of Consolidation

February 16th, 2019

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been…

Central Bank Digital Currencies Are a Trojan Horse for Bitcoin

February 16th, 2019

Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption. CBDCs Are the Best Thing That Could Have Happened to Bitcoin When…

In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

February 16th, 2019

In the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining. Lastly, a broker suspends its crypto CFD…

Mobile Gifting Platform Swych Announces Cryptocurrency Support

February 16th, 2019

On Feb. 15, the Dallas-based mobile gifting company Swych announced it will be accepting cryptocurrencies for payments. Starting next week, instead of using traditional payment processors, Swych users will be able to pay using decentralized digital assets such as BCH, LTC, ETH, BTC, and ETC. Swych Mobile Gifting App to Add Support for 5 Cryptocurrencies…