bitcoinmagazine.com Archives - 30 April 2017, Sunday

  • RegTech for Fintech May Be the Next “Big Thing” in the Bitcoin and Blockchain Space | Bitcoin

    bitcoinmagazine.com 28 Apr '17, 4pm

    Coinfirm estimates that RegTech can reduce compliance costs for financial services companies by as much as 50 percent. RegTech may be “the next big thing” in fintech as digital currency and blockchain startups bump up against new government regulations, resulting in an increase in the...

  • Bitmain Can Remotely Shut Down Your Antminer

    bitcoinmagazine.com 26 Apr '17, 10pm

    Major Bitcoin mining hardware producer Bitmain can remotely shut down almost all active Antminer machines. Dubbed the “Antbleed” backdoor, abuse of the vulnerability could probably knock half of all hash power on the Bitcoin network offline. “Even if Bitmain had no bad intent, this is...

  • Bitcoin Price Analysis: Is a $1700 Target in Sight?

    Price Analysis: Is a $1700 Target in Sight?

    bitcoinmagazine.com 26 Apr '17, 2pm

    The Securities and Exchange Commission (SEC) pulled an about-face this week and resurrected the rejected Winklevoss Bitcoin ETF COIN. Although the outcome is still binary and will likely be rejected a second time, there is renewed hope the COIN ETF or something similar will eventually...

  • Op Ed: A Contentious Hard Fork Isn’t the Only Nightmare

    bitcoinmagazine.com 25 Apr '17, 7pm

    Dear Bitcoin Core and Bitcoin Unlimited Supporters, A contentious hard fork isn't your only nightmare. Your nightmare is that the Bitcoin brand becomes so tarnished by the scaling debate that the general public, regulators, legislators and businesses decide that it’s not wise to adopt...

  • Electrum Developer: Bitcoin Unlimited Is Not a Good Idea

    bitcoinmagazine.com 22 Apr '17, 7pm

    On the most recent episode of “Epicenter,” co-hosts Brian Fabian Crain and Sébastien Couture interviewed Thomas Voegtlin, a developer of the bitcoin wallet Electrum . During the interview, Voegtlin shared his thoughts on Bitcoin Unlimited , an alternative to Bitcoin Core that is best ...

  • Making the Case for Bitcoin as Legal Property

    bitcoinmagazine.com 21 Apr '17, 9pm

    As Bitcoin is adopted by more users every day, the need to determine how it can integrate into mainstream society becomes even more pressing. One major question continues to be how traditional laws apply to Bitcoin and its use. Many of those determinations could have major implication...

  • Bitcoin-Powered Mobile App BitMaker Amasses 250,000 Users

    bitcoinmagazine.com 21 Apr '17, 9pm

    Over the past couple of years, a Bitcoin-powered mobile application developed by Seattle-based blockchain adtech and payments company CakeCodes has quietly amassed 250,000 active monthly users. The Android app BitMaker incentivizes users to engage with other mobile applications, such ...

  • Japan and Russia Drive Bitcoin Toward New Highs

    bitcoinmagazine.com 20 Apr '17, 6pm

    Since the beginning of April, the price of bitcoin has stabilized above the $1,000 mark and has started to push toward its recent all-time high of $1,263 . The main drivers for this rally have been positive news out of Japan and Russia. Since April 1, the price of bitcoin rallied from...

  • Bitcoin Price Analysis: Exchange Rates Vary But Remain Bullish

    Price Analysis: Exchange Rates Vary, Remain Bullish

    bitcoinmagazine.com 20 Apr '17, 1pm

    The other unknown is why Bitstamp’s price is running so much lower than all the other exchanges. GDAX, a regulated U.S. bitcoin, ether and litecoin exchange, probably has the fewest USD supply/demand variables because of the ease with which they are able to process USD. If USD held pe...

  • Breaking

    Breaking Down Bitcoin’s “AsicBoost Scandal”: Solutions

    bitcoinmagazine.com 14 Apr '17, 4pm

    Breaking Down Bitcoin’s “AsicBoost Scandal”: The Solutions As first revealed by Bitcoin Core developer and Blockstream Co-Founder and CTO Gregory Maxwell, and subsequently confirmed by Bitmain through a press release , the major Chinese mining hardware manufacturer has included the As...

  • Mow Plans to “Make Bitcoin Great Again” at Blockstream

    bitcoinmagazine.com 12 Apr '17, 5pm

    Samson Mow, who is best known in the Bitcoin community as the former chief operating officer of BTCC and for his controversial persona on Twitter , has a new job. In a blog post on Blockstream ’s website this morning, it was announced that Mow would be joining the blockchain technolog...

  • Breaking Down Bitcoin's "AsicBoost Scandal"

    bitcoinmagazine.com 11 Apr '17, 9pm

    AsicBoost has been subject to some controversy before. Since the technology is patented, and patents are state-enforced, some worry that AsicBoost could skew Bitcoin’s mining competition by non-market factors. This could in a worst-case scenario lead to a centralized and perhaps even ...

  • Mainly Used as Speculative Investment in S/E Asia

    bitcoinmagazine.com 10 Apr '17, 5pm

    In Southeast Asia, Bitcoin is gaining traction as a genuine store of value as investors in the region are viewing the digital currency as an attractive investment opportunity. Among the Bitcoin companies located there, Luno (formerly BitX) and Bitcoin Indonesia have watched this growt...

  • Unlimited Miners May Be Preparing a 51% Attack on

    bitcoinmagazine.com 05 Apr '17, 11pm

    “Miners will orphan the blocks of non-compliant miners prior to the first larger block to serve as a reminder to upgrade. Simply due to the possibility of having blocks orphaned, all miners would be motivated to begin signaling for larger blocks once support definitively passes 51%. I...

  • BitPay CEO Stephen Pair: Bitcoin Unlimited Would Materially Degrade the Network

    bitcoinmagazine.com 04 Apr '17, 3pm

    BitPay CEO Stephen Pair has been more vocal about his company’s stance on Bitcoin’s scaling debate over the past few weeks, and his most recent attempt to further clarify the Bitcoin payment processing giant’s view on the matter was on episode 325 of Let’s Talk Bitcoin! During his dis...

  • Bitcoin Price Analysis: Is A Bullish Reversal Coming?

    Price Analysis: Is A Bullish Reversal Coming?

    bitcoinmagazine.com 03 Apr '17, 3pm

    Bitcoin miner support for SegWit has continued to rise slowly over the past few days, currently sitting at 30%, but remains far from the needed 95% to activate the proposal. There is also a growing push for Litecoin, an alternative digital currency, to activate SegWit as well, current...

  • is on the Rise in Romania

    bitcoinmagazine.com 29 Mar '17, 3pm

    Demand for bitcoin is growing in Europe’s 12th largest country and so is its bitcoin ecosystem. According to data collected by Coin Dance , trading volumes at peer-to-peer bitcoin exchange LocalBitcoins have increased substantially in Romania in the last 18 months. LocalBitcoins, howe...

  • Unlimited Miners May Be Preparing a 51% Attack on

    bitcoinmagazine.com 29 Mar '17, 1pm

    Although it is hard to say how big the chance actually is, Bitcoin Unlimited miners may soon start mining bigger blocks. If they do, they will diverge from the current Bitcoin protocol to split off to a new blockchain. This could also result in two separate currencies, by many exchang...

  • LTB Podcast Network Acquired by BTC Media, Preparing for Relaunch

    bitcoinmagazine.com 24 Mar '17, 5pm

    BTC Media, a leading information provider about digital currencies and blockchain technology, announced today that it has acquired The LTB Network, a consortium of podcast shows dedicated to Bitcoin, disruptive technologies and distributed ledgers. The LTB Network will be added to BTC...

  • BTCC Launches Mobi App, Enters Bitcoin Debit Card Market

    bitcoinmagazine.com 24 Mar '17, 4pm

    BTCC, a major bitcoin exchange and trading platform operator in China, officially launched its first mobile application, “Mobi ,” introducing various features and products including Twitter payments and the company’s signature bitcoin-based Visa debit card. With its private blockchain...

  • A Bitcoin Beginner’s Guide to Surviving a Coin-Split |

    bitcoinmagazine.com 22 Mar '17, 10pm

    There is a chance Bitcoin will experience a coin-split soon. If a majority of miners (by hash power) switch to Bitcoin Unlimited and decide to mine blocks bigger than one megabyte, while at least some users stick to the current Bitcoin protocol, the network and blockchain can split in...

  • BitPay Has Studied Bitcoin Blockchain Alternatives: “None of Them Are Compelling” |

    bitcoinmagazine.com 22 Mar '17, 6pm

    BitPay co-founders Stephen Pair and Tony Gallippi have been around Bitcoin for about as long as anyone else in the industry. The company was founded in 2011 , and their actions generally indicate the future direction of the industry. “When we started in 2011, we would be excited to ge...

  • Traders Report Some Bank Accounts Still Being Terminated

    bitcoinmagazine.com 17 Mar '17, 7pm

    Santander Bank, the $90 billion Spanish financial institution and banking group, recently began to close accounts of users involved with bitcoin trading. According to U.K.-based bitcoin trading firm Bittylicious , customers of Santander Bank received official letters of account termin...

  • Major Exchanges Will Consider Bitcoin Unlimited a “New Asset” |

    bitcoinmagazine.com 17 Mar '17, 4pm

    If a Bitcoin Unlimited hard fork leads to a coin-split, major bitcoin exchanges will list coins on that branch as a new asset: BTU. Earlier this week, the world’s largest mining pool, AntPool , announced it would switch all its hash power to Bitcoin Unlimited , a software implementati...

  • This Security Researcher Found the Bug That Knocked Out Bitcoin Unlimited

    bitcoinmagazine.com 15 Mar '17, 4pm

    For over a year, attackers have had the ability to crash Bitcoin Unlimited and Bitcoin Classic nodes. Yesterday, someone actually did it. According to websites like Coin Dance , the number of Bitcoin Unlimited nodes fell sharply from almost 800 to less than 250 in a matter of hours. B...

  • is Now Useless for Micropayments, But Solutions are Coming

    bitcoinmagazine.com 14 Mar '17, 5pm

    The Bitcoin blockchain is basically becoming useless for low-value, instant purchases. Frankly, if you’re ordering a beer at a bar, you’re better off using cash or a credit card at this point. Bitcoin was once touted as a cheaper alternative to credit cards that was going to revolutio...

  • You Really Should Run a Bitcoin Full Node: Here's Why

    bitcoinmagazine.com 09 Mar '17, 7pm

    On day one of the 2017 MIT Bitcoin Expo , Sia Co-Founder David Vorick , who has contributed to Bitcoin Core , gave a presentation on the important role played by full nodes in digital currency networks. In his view, economically relevant full nodes are the ones that have “voting” powe...

  • Circle Still Uses Bitcoin — But Is Also Building on Ethereum |

    bitcoinmagazine.com 06 Mar '17, 3pm

    Circle Chief Evangelist Anders Brownworth , who previously taught blockchain technology at MIT, gave a presentation on day two of the 2017 MIT Bitcoin Expo in which he mainly focused on what Circle has been working on for the past few months. Circle is a mobile payments application th...

  • Something Odd Is Happening at Bitcoin’s Largest Mining Pool |

    bitcoinmagazine.com 03 Mar '17, 7pm

    Blocks on the Bitcoin network have been increasingly full lately , except for some of the ones mined by AntPool , which is the largest mining pool on the network . In the past 24 hours from the time this article was written, every non-empty block mined by someone other than AntPool wa...

  • Bitcoin Price Analysis: #Bitcoin Hits Gold Parity (Again) — Now in USD https://t.co/nm8mqQVrmX

    Price Analysis: Bitcoin Hits Gold Parity (Again) — Now in USD |

    bitcoinmagazine.com 03 Mar '17, 1pm

    Gold bugs everywhere lost some luster today when bitcoin broke parity with gold in USD terms. Interestingly, gold, as an element , had many advantages over other possibilities as a use for currency. Arguably, Bitcoin, with its secure network and utility, is a better version of gold fo...