Cryptocurrency exchange Zebpay is opening new offices in five European countries, increasing its presence on the continent to 26 countries. Launched in 2011 in India, Zebpay grew into one of the country’s largest cryptocurrency exchanges before shuttering its operation in September 2018, due to the crypto ban in the country. Now, the exchange operates out…
Darknet markets are going as strong as ever, if Chainalysis data is to be believed. In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major…
Fidelity Investments, one of the world’s largest asset managers, is breaking into bitcoin custody. According to a recent report from Bloomberg, three people “with knowledge on the matter” from firms in contact with Fidelity have said that the company is tentatively planning to launch a custody service for bitcoin in March. This move would fall…
The first major Bitcoin conference, Bitcoin 2013, was held in San Jose, California. Organized by the Bitcoin Foundation, it was centered on Bitcoin specifically and the more pragmatic issues that Bitcoin was trying to solve, particularly in the areas of Bitcoin technology, Bitcoin mining, Bitcoin business and regulatory issues. Writing for Bitcoin Magazine at the…
On January 26, 2019, clients of peer-to-peer bitcoin trading service LocalBitcoins were the targets of a phishing scam which resulted in the theft of a handful of bitcoins. The Scam’s Operation Reports claimed that the attacker was able to conduct the scam thanks to a security vulnerability on the LocalBitcoins platform. The landing page of…
Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England’s East Midlands hopes to help with that process. Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network…
This is the seventh instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 , onDay 4, on Day 5 and on Day 6. I woke to the sound of thin but consistent rain against…
After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend: Figure 1: BTC-USD, Daily Candles, Broken Support Although the current daily candle has yet to close, unless there is a strong…
Blockstream is partnering with Japanese fintech giant Digital Garage to bring a JPY stablecoin to the Bitcoin network. To spearhead the project, Blockstream and the JPY120 billion (just over $1 billion) firm are working under the label Crypto Garage with the help of Tokyo Tanshi, the “largest inter-dealer broker in Japan w/ billions in trades…
This article is a direct follow-up from our Taproot explainer. If you haven’t read that article, you should probably do so first. If Taproot is deployed on Bitcoin, many smart contract constructions will look just like regular transactions on the blockchain. As long as all participants agree on the outcome of the contract — a…