Bitconnect, the lending and exchange platform that was long suspected by several people within the crypto community of being a Ponzi scheme, has declared it’s closing down. In a release on its web site the platform said the closure is attributed to “continuous unhealthy press” surrounding the platform, 2 cease...
Bitcoin is down, the complete market looks red at the moment, there are talks of a possible crypto trading ban in South Korea and China isn’t making things any easier with reports of a possible crushing on all trading activity barring over-the-counter and P2P exchanges. Bitcoin’s value went below $12,000...
Bitcoin is used to buy fittings on Overstock, make arrangements for hotels on Expedia, shop for furniture, and procure Xbox games. However, most people just want to get rich by trading bitcoin and presently bitcoin value is dropping speedily in the middle of distress that trading may be prohibited in...
Bitcoin has been one among the foremost superb currencies to look at in the history of mankind. 1st of all, the worth of Bitcoin is just as strong as the trust that the Bitcoin community places in it, which implies it holds an intrinsic value and not a real...
Devs propose yet another layer to save the legacy chain. How the Lightning Network works In the Lightning Network—Bitcoin Core’s scaling solution of choice for the legacy chain, users do not transact on the blockchain directly. Two users open a “payment channel” and transact through that channel or second layer (Lightning Network)...
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....
If you bought 1 bitcoin yesterday, it would've cost you $12,000 and someone in your family probably would've called you a mad man. Just one day later, however, you'd be able to sell that bitcoin for $15,000. The market cap of the world's most popular cryptocurrency is currently at $252 billion, and...
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...
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...
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...