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…
Corporate coins are coming, and if you’re tired of the trend already, sorry, but there’s nothing you can do about it (except buy bitcoin, of course). Perhaps spurred by Facebook’s jolting news that it’s developing its own digital currency, Walmart is following suit. The colossal retailer has filed a patent with the U.S. Patent and…
The future is already here for Ramak J. Sedigh and his California-based team at Plouton mining, who have just raised $1 million from investors for their proposed solar-powered energy mining complex to be built in California’s Western Mojave desert. Aware that bitcoin mining is coming under increased scrutiny for its use of nonrenewable energy resources,…
Bahrain-based cryptocurrency exchange Rain has received regulatory approval from the Central Bank of Bahrain (CBB). The exchange launched after raising $2.5 million in a seed funding round led by BitMEX Ventures and Blockwater, a Kuwait-based cryptocurrency fund. According to a blog post from Rain, the exchange is now the first Middle Eastern cryptocurrency company to…
Contrary to the Bitcoin maximalist standards which he used to help establish himself, BHB Network co-founder Giacomo Zucco is working on tokenized assets. Called the RGB Project, his latest project is built on top of Bitcoin’s Lightning Network. It makes use of previous research in colored coins and is meant to provide a more robust…