Day: May 12, 2019

Crypto Meets Techno and Binance Security Breach in the Weekly Update From Bitcoin.com

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Crypto meets techno with BCH-inspired music and discussion of the aftermath of the Binance security breach. In addition to learning about the latest developments, the winners of the latest giveaway will be revealed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Why Cryptocurrency Investors Are Renouncing Their US Citizenship Crypto Meets Techno in Bitcoin.com’s Weekly Update This week’s show covers the techno duo Etnica, which has a new track called “Crypto,” inspired by BCH and featuring a voice-over cameo from Rick Falkvinge. The team also discusses the…

If History Rhymes, Bitcoin (BTC) May Retrace To High-$5,000s

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What a week it’s been for Bitcoin (BTC). In the past 72 hours, the asset has rallied from the low-$6,000s to $7,500, then to $6,900 (current), driven by a newfound sense of hype, passion, and belief in the cryptocurrency cause. However, as the market has cooled — temporarily at least — analysts have begun to get more level-headed, doing their utmost to figure out where cryptocurrencies could head next. This time for pondering has led to some staggering revelations. Related Reading: Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or…

Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

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By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin. US Dollar Trapped in Irreversible Century-Long Downtrend In the early 1900s, a dollar could get you a nice pair of patent leather shoes. The currency had so much value back then because there was only $7 billion in circulation. A hundred and twelve…

Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

boss

By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin. US Dollar Trapped in Irreversible Century-Long Downtrend In the early 1900s, a dollar could get you a nice pair of patent leather shoes. The currency had so much value back then because there was only $7 billion in circulation. A hundred and twelve…

Ethereum’s Reddit Moderators Rethink Approach After Community Flashpoint

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Taylor Monahan, the CEO of crypto wallet startup MyCrypto, has been moderator for the ethereum subreddit channel since 2016. That year, the ethereum Reddit channel was just breaking over the 10,000 subscribers mark, according to SubRedditStats. Today, the same channel boasts over 400,000 subscribers and is ranked within the top 600 most popular channels on Reddit. However, what may have started as a relatively low-commitment and low-visibility responsibility became a flash point of controversy in the ethereum community (though tensions have died down in recent days). “Back then, there weren’t…

Schnorr Signatures Are Coming to Bitcoin Cash – Here’s What You Should Know

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On Wednesday, May 15, the Bitcoin Cash (BCH) network will be upgraded to incorporate the highly anticipated Schnorr signature algorithm, a digital signature scheme widely known for its simplicity. Also read: Bitcoin History Part 12: When No One Wanted Your BTC Schnorr Sigs Are Coming Next week, the Bitcoin Cash blockchain will be upgraded by adding two specific elements to the network’s underlying mechanics — Schnorr signatures and Segwit recovery exemption. Schnorr signatures will be a distinctive upgrade feature that gives the BCH chain a leading edge due to the…

Bitcoin Price Rages Near $7,500

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By CCN: U.S. President Donald Trump announced a trade war with China Friday, hiking tariffs on $200 billion worth of Chinese exports from 10% to 25%. On the same day, the bitcoin price extended its uptrend after jumping above $6,000. The two events did not share anything except a date. But, according to Ed van der Walt, they probably had an interesting connection. The Bloomberg reporter theorized that investors were using bitcoin as “trade-war play,” stating that President Trump’s decision to increase tariffs on Chinese imported goods could create geographic…

Bitcoin History Part 12: When No One Wanted Your BTC

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Today, bitcoin is so precious that its hodlers are prone to locking their keys away inside nuclear bunkers, bank vaults, and military grade hardware wallets. But things weren’t always that way. Back in the early days, bitcoin was deemed so undesirable that you would have struggled to give it away, while exchanging it for fiat currency was out of the question. Also read: Bitcoin History Part 11: The First Major Loss of Coins One Man’s Junk is Another Man’s Treasure The bitcoins you buy and sell on exchanges today for…

Bitcoin Price Crosses $7,500 to Establish Fresh 2019 High

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The bitcoin price has jumped above $7,500 to discover its fresh yearly high. The world’s largest cryptocurrency established $7,568.32 as its new session peak, bringing its year-to-date net rebound up to 140 percent on San Francisco-based Coinbase exchange. The broader cryptocurrency market tailed bitcoin’s uptrend, with a majority of top assets posting double-digit gains, including Bitcoin Cash, Litecoin, EOS, and Ethereum. Even Bitcoin SV, which lately faced trading ban at several cryptocurrency exchanges, saw a 10 percent appreciation in the last 24 hours. What’s Driving Bitcoin Bulls Bitcoin Establishes New…

Corda is More Like Bitcoin Than Ethereum

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By CCN: “Corda is more like Bitcoin,” says Mike Hearn, lead engineer for Corda, the open source blockchain of the industry consortium R3. “It owes more of its intellectual history to bitcoin than Ethereum in a way. Its’ data model is similar to Bitcoin, which enables you to have privacy because you don’t see transactions on your critical path.” Early Bitcoin adopters knew the risk they were taking, he says, despite infamously stating bitcoin had failed in early 2016 upon leaving as a core developer. “They had money on their…