Category: Blockchain

At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012. On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of…

Bitcoin Hash Rate Record Highs Show Miners Are Long-Term Bullish Bitcoin (BTC) continues to set new records for its network hash rate this month, a sign that miners have shaken off weak price performance. Data from monitoring resource Blockchain confirmed hash rate hit 114 quintillion hashes per second on Oct. 23.  This is the largest…

Taiwanese electronics giant HTC has launched its new smartphone Exodus 1s, enabling users to run a full Bitcoin (BTC) node on mobile. First smartphone to support full Bitcoin node In line with an announcement in May 2019, HTC launched the Exodus 1s at the Lightning Conference in Berlin on Oct. 19 and started selling the…

Australian startup Incent plans to offer a 20% payback in its INCNT token on fuel purchases at United Petrol stations for a limited time. Incent announced in a press release published on Sept. 26 that participants will have to sign up on its platform and sync their bank accounts in order to receive the tokens.…

Chinese crypto mining hardware giant Bitmain will launch a platform connecting global crypto miners with farm owners in October. World’s first resource to connect farms and miners The platform, dubbed World Digital Mining Map (WDMM), will be officially launched during the World Digital Mining Summit (WDMS) taking place in Frankfurt between Oct. 8 and Oct.…

Bitcoin (BTC) could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry’s biggest firms has said. Fed echoes 2008 crisis moves In a tweet on Sept. 18, Arthur Hayes, CEO of derivatives giant BitMEX, forecast that fresh quantitative easing…

Bitcoin (BTC) has hit a four-month low this week — as a search term on Google, with market fatigue and boredom spreading beyond traders. “Bitcoin” least Googled since May Data from Google Trends confirms that the term “Bitcoin” is less popular now than at any time since the end of April. Despite the largest cryptocurrency…

The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders. JPMorgan performed “thousands” of illegal moves According to investigators,…

Bitcoin (BTC) mining infrastructure firm Northern Bitcoin AG has announced the completion of tests for its new air-cooled mining container, which houses 144 ASIC miners. A press release published on Sept. 9 outlined that the highly mobile container solution has been designed as a piece of flexible and efficient infrastructure that will enable the firm…

For comparison, to achieve a sure profit on the S&P 500, an investor would have needed to hold their position for 23 years. New analysis suggests Bitcoin (BTC) holders make a profit after an average of 1,335 days — or roughly three years and eight months. The data, released on Sept. 8 by BitcoinEconomics.io, roughly correlates to…

Gold Bullion International co-founder Dan Tapiero has said Bitcoin’s (BTC) value is a truth machine. Tapiero made his regards during an interview with business news outlet AlphaWeek published on Sept. 10. He said: “What it is is an invention, and I think it should be referred to as an invention rather than all the other…

A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees. Someone could have sent 94K BTC for $35 Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion). According…

Altcoin Bitcoin Cash (BCH) faced fresh criticism this week after one of its lead developers appeared to admit its network was unable to process its larger blocks. In a Reddit exchange on Sept. 2, Amaury Séchet, via his account known as u/deadalnix, responded to criticism of some miners by another pro-BCH user. In the response,…

As the appeal of cryptocurrency has grown, so has the opportunity for scammers to part naive investors from their money. 2019 has been no exception, with cryptocurrency and blockchain forensics company Ciphertrace dubbing it “the year of the exit scam.” Exit scams are not a new phenomenon, with a 2018 report conducted by Statis Group…

The development of R3’s enterprise blockchain platform Corda is being plagued by fundamental disagreements over its core vision, causing frustration and delay. The claim was made in a report from FT Alphaville on Aug. 22, citing numerous insider sources. “Corda maximalists” versus interoperability proponents Sources close to R3 reportedly allege that there is a gulf…

[the article interchanges ‘ASIC’ and ‘Mining Rig’ (the toy boxes) arbitrarily] Bitcoin (BTC) mining giant Bitmain will increase its capacity by 50% in the next six months on the back of a giant hardware order, a source close to the deal has said. Bitmain eyes 50% capacity increase As reported by Chinese social media network…

A decade ago, the thought of self-driving cars was far from reality, but with 2020 looming large, massive strides have been made in the field of autonomous vehicles. Meanwhile, in the space of a decade, Bitcoin has thrust cryptocurrencies and blockchain technology into the mainstream consciousness. The latter has become a tool that is quickly…

Last week, Big Four firm Deloitte unveiled a mobile platform designed to host blockchain networks on a small scale for demonstration purposes. The product is “based on client interest in understanding blockchain capabilities in live interactions,” as per the press release. With this move, the Big Four companies — comprised of Deloitte, PwC, Ernst &…