Day: September 7, 2019

Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

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Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and early adopters practically gave them away. Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential When Sending Thousands of Bitcoins Wasn’t a Big Deal There’s been an awful lot of excitement surrounding the 94,504…

Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

boss

Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and early adopters practically gave them away. Also Read: Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential When Sending Thousands of Bitcoins Wasn’t a Big Deal There’s been an awful lot of excitement surrounding the 94,504…

Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains

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Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week Market visualization. Source: Coin360 Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000 mark, a price the cryptocurrency has not seen since Aug. 13, but it fell short and corrected down to $10,313. At press time the coin is trading at $10,521, up 1% on the…

Crypto News From the German-Speaking World: Sept. 2–8 in Review

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The German-speaking world continues to see lots of developments in the crypto industry, with the German government clarifying proposed regulations, Switzerland adding a new blockchain hub, while Bitcoin (BTC)-scammers are using Austrian celebrities in fake crypto ads. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. German government explains proposed regulations for crypto wallets and exchanges Cointelegraph auf Deutsch reported on Sept. 3, that, in reply to a request by the Free Democratic Party, the German Federal Government announced further…

Crypto News From the Spanish-Speaking World: Sept. 2–8 in Review

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The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru.  Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexico fines up to $47,000 for unauthorized use of crypto The Central Bank of Mexico will now impose fines up to $47,000 to those who are using crypto assets without its authorization. The…

3 Solid Reasons Why Ethereum Looks Stronger Than Ever – CCN Markets

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Ethereum has the most active developers, leads all other platforms in the number of DApps, and will introduce sharding early next year. | Source: Shutterstock Critics have been trying to spread fear, uncertainty, and doubt on the No. 2 cryptocurrency in light of its scaling issues. It’s true that Ethereum is struggling with congestion as network utilization is above 94 percent. As a result, it becomes costly to run applications. Nevertheless, the cryptocurrency’s biggest problem appears to be its source of strength. The network is congested because there are so…

Casa Adds iOS and Android Support for Sats Mobile Wallet

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Bitcoin (BTC)-focused technology firm Casa announced that its Sats mobile Bitcoin wallet app is now available for both iOS and Android devices. Casa announced in a post published on its official blog on Sept. 5 that the mobile wallet is now available for download. Furthermore, Casa notes that the latest version of the app can be used without the company’s hardware Bitcoin Lightning node, but users who do not connect the app to a node do not have access its Lightning Network capabilities. The app supports a public address-naming system…

Analyst Spots Trend Suggesting Incoming Monster Bitcoin Rally – CCN Markets

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An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: Shutterstock Many armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the widely-followed analyst cryptoamd is expecting the dominant cryptocurrency to dump below $10,000 and then be tapping resistance of $10,500. That’s the trader’s short-term view on the digital asset. Short term outlook on $btc pic.twitter.com/luHSJBqMgw…

Twitter Has No Interest in Creating Libra-Like Crypto

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Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are better According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted: “I think open internet standards serve every person better than ones controlled or started by companies.” Nobody understands the global economy Dorsey visited Melbourne to…

Bitcoin Cash-Powered File Storage Concept Sparks Interest and Debate

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Bitcoin Cash (BCH) proponents were introduced to a new project called the Cashweb protocol on Friday. The blockchain file sharing scheme allows people to store and load arbitrary data to the BCH chain. While the new protocol still has “a long way to go,” the developer decided to share his creation with the BCH community and show off the protocol’s possibilities. Even though a few people thought the project was “awesome,” the Cashweb conversation turned into a debate about whether or not data should be stored onchain in this manner.…