January 3, 2019

51% Attack Might be Approaching Bitcoin Cash Network, and Here’s Why

January 3, 2019 boss

Photo: Marco Verch / Flickr According to the data from Coin Dance, China-based private entity BTC.TOP took over as much as 50.2% of the entire Bitcoin Cash network and contributed the hashrate of 679 Peta-Hash per second against other major competing pools including BTC.com (257 PH/s), ViaBTC (215 PH/s), AntPool (125 PH/s), and Bitcoin.com (187 PH/s). While it could happen due to various factors, it did show how the BCH network is actually very prone to a 51% attack scenario as well as how centralized it is. The Roger Ver-led blockchain…

Can Investors Cope With Corruption?

January 3, 2019 boss

Chinese VCs, Crimean Crypto Hub: Can Investors Cope With Corruption? January 3, 2019 by Jeff Fawkes The Crimean occupation government’s Deputy Prime Minister Georgiy Muradov has outlined plans to create a mining equipment plant, a new investment fund, and a cryptocurrency exchange–all on Crimean territory. Also read: Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Crimea May Become A Crypto Hot Spot The RIA news agency reports that a number of foreign companies have expressed a willingness to invest…

Japanese Internet Giants Shutter Crypto Mining Operations

January 3, 2019 boss

As Bitcoin and crypto prices continue to fall profitability from mining using certain types of hardware inevitably follows suit. Japan has a number of high profile corporations heavily invested in mining operations and it looks like they are about to pull the plug. Closure of Crypto Mining Hardware Production and Farms According to reports in local media, Japan’s online retail giant GMO is pulling out of the Bitcoin mining hardware industry. As hash rates increased while prices fell, mining competition also intensified putting the pressure on profitability. In response to…

The Incomplete List of People Speculated to Be Satoshi Nakamoto

January 3, 2019 boss

Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created as Satoshi Nakamoto mined the genesis block, also known as block number zero. However, the identity behind the Bitcoin creator has remained one of the biggest mysteries in the crypto community since the original white paper was published by Satoshi in October 2008. Various journalistic investigations have attempted to unveil the person or group of individuals responsible for creating the top digital currency, but Satoshi’s real identity remains unknown to date. On his P2P Foundation profile —…

Coinbase is ‘Adding the Assets Our Customers Have Come to Demand’: Brian Armstrong

January 3, 2019 boss

Coinbase probably had its best quarter so far, launching several products over the fourth quarter of 2018. The company which Lightspeed Venture Partner Semil Shah called ‘The Breakout Company of 2017’ recently concluded its 12 Days of Coinbase which introduced features such as instant PayPal withdrawals, Coinbase Earn which is a modified version of Earn.com (Coinbase acquired Earn.com for $120 million in April 2018) $300 Million Series E fundraise The most notable undertaking is definitely the secure migration of over $5 Billion to an improvised cold storage solution. Apart from this, Coinbase…

Coinbase is ‘Adding the Assets Our Customers Have Come to Demand’: Brian Armstrong

January 3, 2019 boss

Mike Novogratz Ups His Shares of Galaxy Digital Now Owning almost 80% in Total

January 3, 2019 boss

Photo: Coinspeaker While the crypto community is still under the pressure of the bear market, ex-Goldman Sachs partner, Bitcoin bull Mike Novogratz remains rather optimistic about the future of cryptocurrencies. Though his forecasts about Bitcoin reaching $10,000 by the end of 2018 didn’t manage to be translated into life, he still believes that we could see significant institutional money flow in the first half 2019 which would have a positive influence on Bitcoin price. What’s more, as it has become known, Novogratz has taken a decision to increase his shares of a crypto-focused…

Ecosystem to Support DApps From All Blockchains

January 3, 2019 boss

Free products and services on the internet are a hit with the public, but a new blockchain-based ecosystem believes that most consumers are unaware of the risks of using such companies for distributing their content. The team behind Phantasma Chain says they were motivated to act after watching the world freely share their data and content on third-party platforms, even though they run the risk of losing full control over this valuable information. Following the mantra of “there’s no such thing as a free lunch,” the company argues that…

Thanks Satoshi Nakamoto! BitMEX Advertises on Front Page of The Times 10 Years Later

January 3, 2019 boss

BitMEX has taken an advertisement out on the front page of January 3rd, 2019 edition of The Times thanking Satoshi Nakamoto for Bitcoin, ten years to the day after Satoshi Nakamoto quoted the front page of the same publication in Bitcoin’s first block (#0). Tweeting from their BitMEX Research account, they said: Happy 10th Birthday Bitcoin! pic.twitter.com/DpOPjojsOd — BitMEX Research (@BitMEXResearch) January 2, 2019 The advertisement has a block hash beneath it. This transaction within contains the coinbase that reads: w#/ ThanksSatoshi /BTC.COM/��mm,��CA4Z_IGQ�~YVM܈H��{�|�|###B#b)#� The Bitcoin Genesis Block The global financial…

Bitcoin Price Watch: BTC Primed To Break $4K

January 3, 2019 boss

Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may decline a few points before it makes an attempt to clear the $4,000 resistance. Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…