Category Archives: News and Articles

Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested

Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested | Bitcoin Magazine <img src=”https://d5nxst8fruw4z.cloudfront.net/atrk.gif?account=qmvEl1aAFUE06C” style=”display:none” height=”1″ width=”1″ alt=”” /> NOW READING: Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested OPINION by Bitcoin Schmitcoin Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested Summary: The bullish market structure that we have established over the last…

As Supply Exceeds Demand, Mining Price War Ignites in Sichuan

This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. As he expected, mining farms in Sichuan currently report that the supply of…

Vidi, Vici, Satoshi: The Lightning Torch Has Reached Its Final Destination

The Lightning Torch, a Lightning Network payment that has been forwarded to bitcoiners around the world via Twitter, has run its course and reached its end in the charitable hands of Bitcoin Venezuela. It’s grown a lot since we last covered it in February. In fact, the term “Torch” doesn’t seem to do it justice…

Wikileaks Founder Julian Assange Arrested in London, Site’s Bitcoin Donations Spike

Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U.S. on conspiracy charges. Having spent the last seven years seeking asylum in the embassy, Assange has at last lost the support of the Ecuadorian government. He was arrested on April 11, 2019,…

Craig Wright Threatens Libel Suit In Letter to Bitcoiner, Demands Apology

Craig S. Wright has officially taken the first steps in a legal action against a member of the Bitcoin community, according to a letter shared with Bitcoin Magazine. The self-described Satoshi Nakamoto and Bitcoin SV creator has threatened to sue Hodlonaut, the creator of the Lightning Torch, for a series of tweets labeling him a…

Coinbase Introduces Debit Card Linked to Cryptocurrency Balances for U.K. Customers

Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency. The new card will link the customers’ crypto balances held on the Coinbase platform with their debit cards — converting crypto holdings into fiat currencies to complete each transaction. The Coinbase…

Bittrex Goes on the Offensive After BitLicense Rejection

Bittrex, a United States-based cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York. Yesterday, the New York State Department of Financial Services (NYDFS) rejected the exchange’s BitLicense application, a requirement for offering crypto-based services to New Yorkers. NYDFS also published a letter addressed to Bittrex…

With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem

Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server). In fact, you could rightly say that what makes crypto, well,…

Understanding Bitcoin, the Demos: How to Become a Bitcoin Power User

The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users. Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos…

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. With the rapid downfall of bitcoin prices in late 2018 and increasing electricity bills, Chinese mining…