Tag: Bitcoin

Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

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Bitcoin Cash network successfully undergoes an upgrade and more than 30,000 new stores now accept BCH payments. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: After Trillions Printed Under QE, Politicians Now Say Deficits Don’t Matter BCH Network Upgrade in Bitcoin.com’s Weekly Update This week’s show covers the recent upgrade to the Bitcoin Cash (BCH) network, adding Schnorr signatures and the Segwit recovery exemption. With the changes successfully completed, developers are now able to create payment channels and atomic swaps hidden…

Bitcoin Approaches $8,000 Again as Top Cryptos See Strong Gains

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Sunday, May 19 — most of the top 20 cryptocurrencies are rebounding to report moderate to notable gains on the day by press time. Bitcoin (BTC) has pushed to just below the $8,000 mark again. The market rebound comes after a sharp correction on May 17 that followed almost a week of massive growth. Market visualization courtesy of Coin360 Bitcoin is about eight percent up on the day, trading at $7,928 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up close to 11%. Bitcoin…

Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains

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Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day. Also Read: Putting an End to the Bitcoin Store of Value Fallacy Top Crypto Markets Gain 8-13% Just two days ago short positions and crypto bears managed to scale back the prices of many coins. During the start of…

Bitcoin Searches Rocket to 13-Month High Amid ’60 Minutes’ Hype

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By CCN: Google searches for bitcoin have climbed to a 13-month high, in tandem with its price spikes following the brutal 2018 crypto bear market. Google Trends tracks search interest for certain terms. Interestingly, the countries that are leading the Google searches are not cryptocurrency powerhouses: South Africa. The Netherlands. Slovenia. Austria. Nigeria. Rising public curiosity over bitcoin isn’t surprising, given how volatile the market has been. An erratic market sparks intense controversy, with proponents and opponents rabidly debating whether the downturn is temporary or is definitive “proof” that bitcoin…

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession

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By CCN: The sudden swell of Bitcoin’s price to $8,000 USD this year shows global recession fears are mounting. This according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. Bitcoin price has doubled in 2019 but the rally is only getting started. | Source: Shutterstock Interestingly enough, Hartnett says global investors are investing in bitcoin not because they see it as a safe haven asset in times of instability but because they are seeking high-risk, high-reward investments. He argues the effect of low-interest rates since…

Buying Bitcoin (BTC) Is Investing and Saving for Retirement

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When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles. BTC Perception Is Improving Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years. According to the research results, the percentage of people that have…

Cyberghost Is a VPN Service You Can Pay For With Bitcoin Cash

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Privacy in the online space is quite compromised these days and anyone who would like to protect their own may consider using a VPN service. There are many platforms on the market and some are catering to the crypto community. Cyberghost VPN is one of them and it takes bitcoin cash (BCH). Also read: Vaulty Aggregates All Your Cryptocurrency Addresses Using a Single Link The Crypto-Friendly VPN Provider Has 3,700 Servers in 60 Countries Beside the need to safeguard personal data, which is often exposed in industrialized societies, there’s also…

Bitcoin (BTC) Taps $8,000 After $1,700 Flash Crash

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Bitcoin Jumps Up To $8,000 And just like that, we’re back over $8,000. Just hours ago, Bitcoin (BTC) tapped the aforementioned price level yet again, seemingly denying calls that a downturn is inbound. As Dan Held, the co-founder of Interchange, the “market bounced quickly from that fierce dip.” This move comes after CNBC “Fast Money’s” social media managers made a seemingly bearish ‘analysis’ of the crypto market. The jokes on them. For those who don’t know what Held, a long-time Bitcoiner is talking about, here’s a brief update. On Friday,…

Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes

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Figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to the inflation bug discovered in September 2018. This revelation poses some danger to the network, as software vulnerabilities are a clear and present danger to the fidelity of bitcoin (BTC). Now that the top-ranked cryptocurrency is in the midst of a positive price run, it is perhaps important that steps are taken to eradicate the inflation bug problem for good. Most bitcoin…

Bitcoin History Part 13: The First Mining Pool

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The notion that anyone could solo mine bitcoin – on a CPU no less – seems positively quaint today. But in 2010, this method wasn’t just possible – it was the norm. With an exponentially lower hashrate, less competition and a 50 bitcoin block reward, there was enough pie for everyone to get a bite. But some miners didn’t just want a bite – they wanted a whole slice, and to achieve that, they decided to join forces and pool their hashpower. And thus “cooperative mining” was born. Also read:…