The Bitcoin space is packed with disappointments and seems to be the major issue people discuss recently due to the increasing fees. The normal transaction fee has increased rapidly to $19 and this has turned bitcoin’s former assertion to prominence as an inexpensive online payment process into an absurd claim. Despite these...
Bitcoin has officially hit the $9,000 mark today, as the massive user adoption from hedge funds, soon-to-be-released futures markets and further increases in the number of users. Ironically, many on the /r/BitcoinMarkets subreddit expected the price to drop over the Thanksgiving weekend, in part due to US banks being closed. However, over the past week...
The upper chamber of Mexico's national legislature has approved a financial technology bill that would bring local bitcoin exchanges under the oversight of the central bank. According to Reuters, the bill cleared the Mexican Senate on Dec. 5, setting the stage for its consideration and potential passage in the Chamber of...
On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. Holders of large amounts of bitcoin are often known as whales....
Bitcoin's long wait for the Lightning Network is almost over. Announced today, the startups behind the three most active Lightning implementations have revealed test results, including live transactions, proving their software is now interoperable. The findings, released by ACINQ, Blockstream and Lightning Labs, effectively bring Lightning (the mechanism many see as the...
Once upon a time, a very long time ago – 2009 in fact – there was a brief but interesting controversy about the carbon footprint of a Google search. It was kicked off by a newspaper story reporting a “calculation” of mysterious origin that suggested a single Google search generated 7 grams of...
Nearly $64m in bitcoin has been stolen by hackers who broke into Slovenian-based bitcoin mining marketplace NiceHash. The marketplace suspended operations on Thursday while it investigated the breach, saying it was working with law enforcement as “a matter of urgency” while urging users to change their passwords. The hack was “a...
The Bitcoin price is continuing on its unparalleled trajectory higher as Wednesday’s new all-time highs reach $13,200. According to average exchange data from Coinmarketcap, Bitcoin was trading just under $13,000 at press time, having corrected after breaking the barrier for the first time. A new record has become an almost daily occurrence for Bitcoin...
CME Group’s announcement that they will begin trading Bitcoin futures catapulted the Bitcoin market to new highs two weeks ago. Many Bitcoin investors are waiting with bated breath for trading to commence and are expecting further price growth. Indeed, when the world’s largest futures market recognizes Bitcoin as a legitimate...
Bitcoin’s price loosened up a little from yesterday price however, it has not broken the 12,000 dollar barrier. As stated by Coindesk’s index, one Bitcoin could bring you down by $11,222.71 which is a 3.53% rise from yesterday's price at 13:55 UTC. The unstable movement in the price of Bitcoin’s...