Bitcoin Hovers Over $3,850 as Most Top Cryptos See Losses

Saturday, March 2 — the top 20 cryptocurrencies are reporting minor to medium losses on the day to press time. Bitcoin (BTC) is hovering just over the $3,850 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down little over half of a percent on the day, trading at around $3,858, according to CoinMarketCap data. Looking at its weekly chart, the current price is over 6 percent lower than $4,142, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH)…

Bitcoin Cash Supporter Convinces Chess.com to Accept BCH for Memberships

The popular website Chess.com used to accept bitcoin, but like many other well-known merchants it dropped the BTC payment option. Now after some discussion with an avid Bitcoin Cash (BCH) proponent, the website is accepting BCH for payments for its diamond, platinum and gold memberships. Also Read: Report: Business Owner’s Seething Critique of the Lightning Network Goes Viral Chess.com Adds Bitcoin Payments for Premium Memberships After a BCH Supporter Convinces the CEO This week BCH supporters were pleased to hear that one of the moderators of the Reddit forum r/btc…

Vitalik Buterin Compares Bitcoin and Ethereum: BTC is Like a Calculator, ETH is Like a Smartphone

For Vitalik Buterin, creator of Ethereum, his project holds many advantages over Bitcoin, and he proudly illustrates with simple words why that blockchain 2.0 has enough merits to be the most important altcoin in the global marketcap. ETH: A Project Born As An Evolution of BTC In an interview for Business Insider, the mastermind behind ETH explained that he was initially quite involved in the Bitcoin community. Over a period of about two years, he not only began to actively participate in the community but also engaged in various crypto-related…

Asia Pacific Conservative Union Launches Blockchain Ecosystem to Fight Authoritarianism

Two executives from the Asia Pacific Conservative Union (APCU) have launched the Liberty Ecosystem, a blockchain-based network designed to fight authoritarianism, a press release shared with Cointelegraph reveals on March 2. The co-founders of the project are APCU chairman, Jikido “Jay” Aeba, and CEO and co-founder of the organization, Yasu Kikuta. The press release describes the initiative as a “decentralized federation of local advocacy and economic development organizations seeking to combat the rise of authoritarianism in the Asia-Pacific region and around the world.” Per the announcement, regimes like China invest…

Don’t Count Facebook’s Crypto Or JPM Coin Out, They Could Boost Bitcoin

At long last, incumbent corporations of legacy industries have begun to delve into cryptocurrencies, not just blockchain technologies. While Bitcoin (BTC) has continued to struggle, save for its relatively stellar performance over February, Wall Street darling JP Morgan and Silicon Valley’s Facebook have announced serious intentions to offer their own digital assets. Although the two multi-national enterprises seemingly have the best intentions, these offerings are inherently controversial. The ‘cryptocurrencies’ they intend to launch will be centralized, which goes against the raison d’etre that Satoshi Nakamoto touted from day one until his…

Don’t Count Facebook’s Crypto Or JPM Coin Out, They Could Boost Bitcoin

At long last, incumbent corporations of legacy industries have begun to delve into cryptocurrencies, not just blockchain technologies. While Bitcoin (BTC) has continued to struggle, save for its relatively stellar performance over February, Wall Street darling JP Morgan and Silicon Valley’s Facebook have announced serious intentions to offer their own digital assets. Although the two multi-national enterprises seemingly have the best intentions, these offerings are inherently controversial. The ‘cryptocurrencies’ they intend to launch will be centralized, which goes against the raison d’etre that Satoshi Nakamoto touted from day one until his…

Crypto Tidbits: Ripple On Coinbase, Ethereum Constantinople Now Live, Facebook in Crypto

For the umpteenth week in a row, a viable argument can be made that the crypto industry saw a solid seven days. Save for one or two shortcomings, the news cycle remains more positive than not, while the Bitcoin price has continued to bounce around in a tight range. Funny enough, fundamentals have continued to drastically deviate from the market. Over the past seven days, Samsung confirmed the existence of a native crypto wallet, XRP was (finally) added to Coinbase, and Ethereum’s much-awaited Constantinople upgrade went live. XRP is launching…

Ethereum’s Core Dev Team Is Searching for a New Hard Fork Coordinator

Ethereum’s (ETH) core developers discussed the need for a new hard fork — or network upgrade — coordinator during a core developer meeting on March 1. As Cointelegraph reported in February, Afri Schoeden, release manager at Ethereum infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. His departure led to a conversation among the Ethereum core developers on Friday concerning the search for a new candidate for hard fork coordinator and the definition of the role, which would include some…

Bitcoin Haters Keep Calling Crypto Dead

Since 2011, mainstream media outlets, bank executives, economists, and other skeptics have gleefully proclaimed Bitcoin’s demise after every major correction from its all-time high. Bitcoin Will Keep Defying its Critics In the past ten years, Bitcoin has experienced five 85 percent corrections including the recent 14-month bear market. However, the dominant cryptocurrency has managed to survive each correction, achieving a new all-time high after every major drop and defying the critics. 2013 – “Game Over, Bitcoin” – @businessinsider | $110.68 “The bubble has burst & now all that’s left is…

Blockstream Releases Upgrade of Its Bitcoin Lightning Network Implementation

Blockchain development company Blockstream has released a new version of its Bitcoin (BTC) scalability software, c-lightning, a post on the company’s blog reveals on March 1. C-lightning is an implementation of the off-chain Bitcoin scalability solution, the Lightning Network (LN), that is written in the C programming language. Per the announcement, this latest version, c-lightning 0.7, is the first major release in 8 months and brings performance enhancements, bug fixes, augmented privacy and new features, as well as improved documentation. The main new feature is plugin supports, which allow developers…