Bitcoin

Another Bitcoin Split to Happen in 3 Months

Right after a split that took place at the start of the month, another Bitcoin hard fork is scheduled to happen three months from now. Jean-Pierre Rupp, Bitcoinj developer, filed an announcement earlier this week which mentioned the upgrade to 2MB blocks that will continue to work on SegWit2x. While SegWit2x members gave the proposal their general approval, Bitcoin core developers opposing SegWit2x said that the Bitcoin Core client 0.15.0 will automatically be disconnecting nodes supporting the fork. The cryptocurrency was also reported to have hit a new high a few days ago, surpassing the $4000 mark.   Source: CoinTelegraph

Unikrn to Launch $100m Cryptocurrency Sale in September

Unikrn to Launch $100m Cryptocurrency Sale in September

Seattle, USA – US sports betting platform Unikrn will be holding an initial coin offering next month amounting to $100 million in cryptocurrency. The company’s new coin called UnikoinGold, will be available for pre-selling within the next few weeks, while the crowdsale will be in September. UnikoinGold will be replacing the Unikrn’s current coin, Unikoin. Co-founder and CEO Rahul Sood, who previously ran Microsoft’s startup venture fund, revealed that his company embraced cryptocurrency to bypass the banks, who were difficult to work with. He says it is the only route to avoid dealing with difference currencies and borders. Source: Reuters

Blockstream Inc. to Launch Satellite for Better Bitcoin Proliferation

Blockstream Inc. to Launch Satellite for Better Bitcoin Proliferation

Blockchain technology company BlockStream Inc. is planning to launch a satellite that can broadcast bitcoin data, reaching areas of the world without Internet access or those where bandwidth costs discourage participation in bitcoin. The satellite will be able to provide free access to the Bitcoin blockchain, sending and recirculating blocks in real time. The company says that it is the first public satellite service that will allow anyone to manage Bitcoin nodes without being constrained by traditional network connectivity. Dr. Adam Back, CEO and co-founder of the company, additionally said that the permissionless nature of Bitcoin allows anyone to create […]

Hours After Hitting $3800, Bitcoin Soars to $4000

Hours After Hitting $3800, Bitcoin Soars to $4000

Just 24 hours after trading around $3700, leading cryptocurrency Bitcoin rallied up to $4135. This strong uptrend comes after a controversial month that Bitcoin weathered through. Experts believe that surviving the hard fork and SegWit developments, as well as the increased scrutiny over initial coin offering frenzy help cement confidence in Bitcoin’s future. Opinions, however,  are currently divided on where the currency is headed. While Wall Street analysts are currently expressing positive sentiments towards the cryptocurrency, peaking the interests of non-technically inclined investors, there seems to be an equal number of pundits in the opposing camp that believe the bubble […]

Bitcoin Hits $3800, Predicted to be Bullish

Bitcoin Hits $3800, Predicted to be Bullish

Yesterday, Bitcoin briefly touched a little over $3800 from $3709, a high that was seen as a bullish trend by the Bitcoin community. The trend is seen to be a sign of stability and potential for the cryptocurrency. Experts say that the rise over $3700 may be indicative of another uptrend and is likely caused by market confidence after the SegWit controversy. Community experts recommended buying on dips, but recently there had been very opportunities to do so.    Bitcoin pundit and Civic CEO Vinny Lingham predicted the price peak in a tweet last August 5.         Source: Coin […]

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

Senators Urge Reserve Bank of Australia to Make Bitcoin an Official Currency  

The Reserve Bank of Australia (RBA) is being persuaded by senators Jane Hume and Sam Dastyari to recognize Bitcoin as a legitimate currency. The two senators argue that making Bitcoin an official currency will positively transform Australian financial firms and the Reserve Bank. They claim not doing so will risk Australia’s financial competitiveness, which can leave them far behind. Sources also said $145 billion worth of annual financial service earnings is at stake if Australia does not make the decision. Dastyari has shown strong support for Bitcoin for years, even proposing to legalize it since 2015. Even then, he said […]

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

A new all-time record has been hit by the entire cryptocurrency market, exceeding its $120 billion mark. Breaching the $120 billion limit happened within just two months, after the notable $100 billion crypto-cap was exceeded in June. Prior to the the crypto market’s increase, it experienced drops in July from $63 billion. It quickly recovered the $100 billion mark once again in August 1, during the Bitcoin Cash blockchain fork. According to sources, the combined market value of every listed digital currency is now $121.1 billion. Analysts have also tracked cryptocurrency exchanges of up to $4.3 billion within 24 hours […]

Bitcoin Price Surges Over the $3,000 Record High, Hodlers Enjoy Gains

Bitcoin Price Surges Over the $3,000 Record High, Hodlers Enjoy Gains

Bitcoin just traded at $3,104 during press time last Saturday, which is the highest BTC price of all time. Many reluctant BTC hodlers were finally able to enjoy their gains despite the uncertainty that came in the last month. When the Bitcoin Cash (BCH) fork was announced last month, many analysts changed their minds about the BTC’s strength. But others remained calm, encouraging investors to trust in the foundations of BTC while assuring them there is no real risk of loss. The BTC trade update proved them right, leading to significant gains. As for other cryptocurrencies, Ethereum (ETH) and Litecoin […]

Slow Start for Bitcoin Cash After August 1 Blockchain Split

Slow Start for Bitcoin Cash After August 1 Blockchain Split

Reports last Wednesday revealed that it took almost 6 hours to mine the first batch of Bitcoin Cash following the recent forking to create the blockchain split. This spells a notably slow start for the new cryptocurrency, which is said to have very few miners contributing to its mining operation.   According to the managing director of trading site eToro, the Bitcoin Cash’s sluggish progress is likely due to the low number of miners supporting the new currency. However, Bitcoin Cash blockchain co-founder Jeff Garzik assured traders that less computing power will eventually be needed to mine new blocks, which […]

Bitcoin Traders Experience Withdrawal Delays Following Foundation of Bitcoin Cash

Bitcoin Traders Experience Withdrawal Delays Following Foundation of Bitcoin Cash

In a report last Monday, traders who opted to transfer their Bitcoin from Coinbase to a user-activated hard fork (UAHF) for Bitcoin Cash are now having trouble waiting for more than 12 hours of delayed withdrawals. In the past few months, the Bitcoin network had been having an increasing number of service disruptions, including inconvenient blackouts. The congested network goes offline during peak trading hours with ill-functioning gateways. The down times and withdrawal delays are attributed to the Bitcoin Cash blockchain fork that will be launched today, August 1. Bitcoin Cash is said to credit traders with BHSC accounts. The […]