Bitcoin Magazine, 1/1/0001 12:00 AM PST It has been a rollercoaster of a ride for global equity investors over the past few days. Besides the month-long slide in the Chinese markets, the Dow plummeted from approximately 16,459 on August 21st to 15,446 on the 24th. When the going gets tough, investors have historically flocked toward assets that are considered safer, including cash, gold, and treasury bills. Often times, the asset of choice is gold because it is considered the greatest store of value. However, some think that Bitcoin might one day trump gold as a means of protecting against volatility. Tim Draper, founding partner of Draper Fisher Jurvetson, a prominent Silicon Valley venture capital fund, believes that bitcoin might one day be the preeminent store of […] The post Tim Draper Speaks on Global Equity Turmoil: “I Expect People to Run to Bitcoin the Way They Do to Gold.” appeared first on Bitcoin Magazine. |
CoinDesk, 1/1/0001 12:00 AM PST A penny stock tied to a little-known bitcoin company and a slew of WhatsApp spam messages were at the heart of a pump-and-dump scheme last week. |
CryptoCoins News, 1/1/0001 12:00 AM PST The new Bitcoin-XT client - which essentially forks the Bitcoin block chain - has been the subject of much controversy in recent weeks in the Bitcoin community. So much so that coverage has leaked into the mainstream media causing wild fluctuations in the Bitcoin price. Some do not consider BXT to be Bitcoin. Instead, they paint it as an alt-coin. The debate centers on whether or not certain changes in Bitcoin’s code should be implemented. If such changes are implemented then Bitcoin’s block size - the part of the code that controls the number of transactions which take place - […] The post Bitcoin-XT: A Design Review appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST The reward miners will receive for processing transactions on the litecoin blockchain halved yesterday, dropping from 50 LTC to 25 LTC. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Tech giants including Microsoft and IBM have been supporting Bitcoin startups, conferences, accelerators and developers in India. The efforts of these companies are beginning to pay off, as India has seen a gradual increase in the number of developers and freelancers in the Bitcoin ecosystem. “There is lot of interest from freelancers in India who suddenly are now getting bitcoins from U.S.-based companies, and then they scramble to understand what is bitcoin,” Indian Bitcoin startup Blockonomics founder Shiva Sitamraju told Bitcoin Magazine. The increase of Indian freelancers’ and developers’ involvement with Bitcoin startups and organizations has created an efficient environment for local people to buy and purchase bitcoins instantly. “From publicly available sources that display data transparently, like LocalBitcoins and […] The post Bitcoin Interest Grows in India From Cross-Border Payments and Corporate Support appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST In June, Bitcoin Magazine reported that Blockstream launched Sidechain Elements, a sidechain development framework with open source code, including an experimental sidechain for developers dubbed Elements Alpha. Now, in the first technical post to appear on the Blockstream blog after the announcement of Sidechain Elements, Blockstream and Bitcoin Core developer Pieter Wuille proposes the intriguing concept of Tree Signatures, an efficient multisig method with enhanced privacy. Blockstream was formed by renowned cryptography experts, including some Bitcoin Core developers, to accelerate innovation in digital currencies and implement the sidechain concept described in the paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in October. In November, Blockstream closed a $21 million seed funding round with nearly 40 high-profile investors. Tree signatures, which can […] The post Blockstream’s Pieter Wuille Proposes Tree Signatures for Improved and Flexible Multisig Bitcoin Transactions appeared first on Bitcoin Magazine. |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin price has bounced from the recent low and is meandering with no clear direction - now up but with so much zigzagging - and then lower but the sellers don't have the stones to do what they really want in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 13h29 UTC Bitstamp 1-Day Chart From the analysis pages of xbt.social, earlier today: The 1-day Bitstamp chart shows price trading under […] The post Bitcoin Price Advancing Slowly - Or Is It? appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST Mark Karpeles, the former CEO of bankrupt bitcoin exchange Mt Gox, has denied claims he manipulated account balances while he was running the company. |
CoinDesk, 1/1/0001 12:00 AM PST Support for BIP 100, the scalability fix from core developer Jeff Garzik, is growing as more miners pick sides in bitcoin's block size debate. |
CoinDesk, 1/1/0001 12:00 AM PST Coinbase now allows customers in the UK and Spain to instantly purchase bitcoin using 3D Secure-enabled credit and debit cards. The 3D Secure protocol – developed by Visa – requests users enter a password to confirm their identity with the card issuer. Once verified, customers are able to complete their online purchase. The San Francisco-based company, which […] |
CryptoCoins News, 1/1/0001 12:00 AM PST John McAfee, one of the most influential cyber-security personalities in the world, writes for the IBTimes UK that Ashley Madison was not hacked. The post John McAfee Thinks He's Cracked The Ashley Madison Case appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST A plan has emerged to heal the rift between the established bitcoin and the newly-introduced Bitcoin-XT by adopting some of the ideas behind Bitcoin-XT but preventing the spread of a different version of the currency, according to Bloomberg. A group of bitcoin backers, including BitPay, Blockchain.info, Circle and KnCMiner.com, wrote a letter this week in support of the existing version of bitcoin—provided it adopts some of the central proposed by Bitcoin-XT’s developers, Gavin Andresen and Mike Hearn. Andresen and Hearn were receptive to the proposal. Fork Threatens Bitcoin's Growth Bitcoin-XT has threatened to split the community of hackers, developers and […] The post Plan Emerges To Prevent Two Versions Of Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST A new bitcoin micropayments tool has launched to take aim at the global freelance and on-demand services market. |