This article was originally published by 8btc and written by Olusegun Ogundeji. The impact of the trade war between the U.S. and China may be widening on a scale that is causing investment to be diversified into global assets, but it may not be responsible for the surge in bitcoin price, a crypto insider said.…
The United Nations has claimed that the government of North Korea has managed to drum up some $2 billion for its missile and nuclear weapon programs, using only a series of advanced cyberattacks that regularly targeted crypto asset exchanges. According to a Reuters report on August 5, 2019, its reporters have seen a confidential briefing…
FTX, a new cryptocurrency derivatives exchange and trading platform, has raised $8 million in a funding round led by blockchain-focused fund Proof of Capital, Consensus Lab, FBG and Galois Capital. Proof of Capital is a $50 million venture capital (VC) fund launched in April 2019 by partners from Horizons Ventures, Greylock Partners and 500 Startups,…
On January 9, 2009, Bitcoin was born on the precipice of the worst global economic downturn since the Great Depression. As the subprime mortgage crisis triggered a series of bank bailouts and tumbled international markets into the Great Recession, Satoshi bootstrapped Bitcoin as an ostensible alternative to the system that precipitated this crisis. Forged as…
To earn a more reliable stream of income compared to mining solo, most Bitcoin miners today mine through mining pools. This option is enabled by the open-source “Stratum” mining protocol currently used by almost all mining pools, designed by Slush Pool and first announced nearly seven years ago. Now, Braiins — the company behind Slush…
Summary: Following a low volume retest of macro support, bitcoin rallied almost $2,000 over the course of one week. On the four-hour time frame, there is a bit of bullish exhaustion which could lead a healthy pullback. The market could stand to pullback all the way $11,150 and still remain in a bullish market structure.…
Piggy banks have long served as a symbol of financial prudence and savings, a place to deposit pocket change and hold it for a rainy day. But what if fiat coins aren’t the best stores of value after all? For Jim, the creator of Opendime-powered company BitPiggys, these novelty banks clearly needed an introduction to…
Statistical analysis has shown that the exchange of Venezuelan bolivars to bitcoin hit an all-time high in early August 2019. Throughout the first few months of 2019, the Venezuelan bolivar has undergone a period of severe hyperinflation, with the International Monetary Fund (IMF) predicting that the inflation rate would go up between 1 and 10,000,000…
This article was originally published by 8btc and written by Lylian Teng. The People’s Bank of China (PBoC), the country’s central bank, revealed that it would accelerate the pace of research and development of its fiat digital currency. During an August 2, 2019, video conference centering on the institute’s work focus for the second half…
Bitcoin Magazine‘s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Privacy and Security Messaging via Blockstream’s Satellite: Lightning’s Killer App? Blockstream engineer Grubles has created a Twitter bot that will relay all text and image transmissions from the Blockstream Satellite to the @satnode Twitter account. For…