Bitcoin Facts | 67 Facts About the #1 Cryptocurrency You Need to Know!

Do you want to be able to impress your friends and family with how much you know about Bitcoin? And, no, I am not talking about the general facts, like how Bitcoin has seesawed from one extreme to the next. The statistics compiled in the infographic below are not the kind of thing that a quick Google search will find for you. They are the result of many hours spent combing through all the data out there, looking for the most up to date, and most useful stats. For example,…

Bringing Renewable Energy to the World Using Blockchain Technology

Modern energy services are vital to human well-being and to a country’s economic development, yet according to the International Energy Agency (IEA), globally 1.2 billion people lack access to electricity. It’s thought that around 95 percent of these people are in either sub-Saharan Africa or developing Asia, with 80 percent in rural areas. Ethereum-based platform ImpactPPA is attempting to turn on the lights using the power of the blockchain. Selected as one of the top three most promising ICOs at this year’s North American Bitcoin Conference, ImpactPPA aims to disrupt…

Nokia Launches Blockchain-Powered IoT Sensing as a Service for Smart …

Nokia is launching a set of services, based on Internet of Things (IoT), data analytics, and blockchain technologies, for economically and environmentally sustainable “smart cities.” In the emerging IoT, billions of connected devices and sensors will generate vast amounts of data. Smart cities will need to retrieve, process, interpret and act upon real-time environmental data in a timely manner to ensure they remain sustainable environments for their citizens. To enable efficient IoT ecosystems for smart cities, it’s important to create new data monetization opportunities for IoT sensor network operators able…

Bitcoin Faces Pivotal Support as Bulls Exhaust …

After seeing a rally to the $11,000s, bitcoin has managed to pull back to the $9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two months: Figure 1: BTC-USD, 6-Hour Candles, Descending Channel The breakout of the descending channel (red dotted channel) gave hope to many bullish investors as it seemingly signaled the end of the downtrend and perhaps the beginning of a sustained bullish reversal. The volume…

Riot Blockchain Gets Hit by Another Shareholder Lawsuit

After changing its name to Riot Blockchain in October to include the word “blockchain,” the public company watched its stock skyrocket from $8 a share to more than $38 during a cryptocurrency rally at the beginning of the year. The first significant problem was the company did not have any real focus on blockchain technology. Before October, Riot was known as Bioptix, a maker of diagnostic machinery for the biotech industry. The company also changed its ticker symbol to RIOT from BIOP. Another problem was that key shareholder Barry Honig…

Sidechains, Stings and Venezuela …

In the past week, news from Venezuela was at the forefront, where crypto mining is way up due to cheap electricity. But their stab at launching their own crypto, the Petro, is not looking like a great plan so far. Good news in regulation, however, is coming from the state of Wyoming as the House unanimously passed two pro-blockchain bills, with five more in the pipe. On the technological front, researches think they have solved a big part of the “sidechain” puzzle and have published a detailed paper called “Non-Interactive…

Bitcoin Core 0.16.0 Is Released: Here’s What’s New

Today marks the official release of Bitcoin Core 0.16.0, the 16th generation of Bitcoin’s original software client launched by Satoshi Nakamoto a little over nine years ago. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by some 100 contributors over a span of five months. As is usual for new releases, Bitcoin Core 0.16.0 includes performance improvements, bug fixes and other optimizations. This release in particular includes several added features in the wallet interface. Most notably, Bitcoin Core 0.16.0 makes Segregated Witness…

Chinese E-Commerce Giant JD.com Launches Blockchain Accelerator

Chinese e-commerce company JD.com, a member of the Fortune Global 500 headquartered in Beijing, is launching AI Catapult Accelerator (AICA), an accelerator program designed to unlock the transformative potential of startups demonstrating cutting-edge talent in the blockchain space. JD.com is one of the two largest business-to-consumer (B2C) online retailers in China by transaction volume and revenue, and a major competitor to Alibaba-run Tmall. As of September 2017, JD.com’s platform, often referred to as the “eBay of China,” had more than 266 million active users, with a revenue of close to…

European Commission Urges Nations to Embrace Blockchain Tech but …

Following remarks made by Valdis Dombrovskis, vice president of the European Commission (EC), after a roundtable on cryptocurrencies, it appears that the European Union (EU) is prepared to take steps toward regulating cryptocurrencies. While acknowledging that European nations should embrace blockchain technology in order to remain competitive in financial markets, Dombrovskis also cautioned that they should be taking steps to protect their citizens from hazards in the cryptocurrency space. “Based on the assessment of risks and opportunities and the suitability of the existing regulatory framework for these instruments [cryptocurrencies and…

Circle Leaps Into Exchange Business With Poloniex Acquisition

Circle, a mobile payment app company backed by Goldman Sachs, has announced it is buying U.S.-regulated cryptocurrency exchange Poloniex Inc. — a move that will transform Boston-based Circle into one of the biggest players in the industry. According to Fortune Magazine, Circle paid $400 million for the exchange, which handles a trading volume of around $1.5 million per day. Up till now, Circle had three main products: Circle Pay, a mobile app that allows users to hold, send, and receive traditional fiat currencies; Circle Trade, a liquidity provider of cryptocurrencies;…