Tag Archives: Bitcoin

Bitcoin nears record high price after 'milestone' in fierce debate over its future


Source: CNBC

"Bitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency's future appears to be heading to a positive end. The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk." (07/21/17)


Counterrevolution: Bitcoin startups stifled by regulation

Source: American Institute for Economic Research
by James Mosher

"The American Revolution is still being fought, and the Washington-based administrative state is the biggest enemy. Just ask Bitcoin entrepreneur Jaron Lukasiewicz. He recently lamented that regulation is damaging his industry. In a column titled 'Nail in the Coffin: The Day U.S. Regulators Stifled Bitcoin Startups,' Lukasiewicz pinpointed March 18, 2013, as the juncture at which the counterrevolution directed at his company and others began. That was the day when the U.S. government issued guidelines that classified most Bitcoin companies as money-service businesses, wrote Lukasiewicz, cofounder and former CEO of Coinsetter, a New York–based Bitcoin-exchange service." (07/14/17)


Why we're temporarily shutting down Bitcoin vending machines on July 31st

Source: Free Keene
by Ian Freeman

"For an unknown amount of time after a fork, it’s risky to send or receive bitcoin. This has to do with the fact until the dust settles after the fork, you can be subject to 'replay attacks' until the exchanges and wallet providers come up with a way to protect against these attacks. There’s also the risk that one of the two sides of the fork will be eliminated through competition, which would destroy any transactions that happened on that chain. Further, some companies may side with one chain or another rather than allowing both, which will lead to extreme confusion as to which Bitcoin is which. Is this starting to sound like a nightmare?" (07/15/17)


From Bitcoin to Ether: Today's Blockchain basics

Source: Foundation for Economic Education
by Billy Silva

"Bitcoin and its underlying technology blockchain are game-changing technologies that are reshaping and revolutionizing the world economy. Often hidden behind the headlines of Bitcoin’s meteoric rise in market value and blockchain’s technological promise is a basic understanding of what these two technologies are and where they come from. This brief article examines the digital currencies Bitcoin and Ethereum and introduces Blockchain, the technology that facilitates the digital transfer of value and much more." (07/11/17)


Could you live 90 days on Bitcoin?

Source: Foundation for Economic Education
by Brittany Hunter

"Like most newlyweds, Austin and Beccy Craig were excited about returning home to Utah after their honeymoon and beginning their new life together. But unlike most couples who find their lives calming down after the chaos of wedding planning is over, the Craigs were about to embark on an adventure no one had ever attempted before: Beccy and Austin were going to spend the next three months living solely on Bitcoin. The Life on Bitcoin Kickstarter launched in 2013, four years after the elusive Satoshi Nakamoto had published his treatise on Bitcoin and then walked away from the entire project and dissolved into anonymity. The timing of the film is also important, as it came right after Bitcoin had rallied and crashed and critics proclaimed that the currency was dead." (07/10/17)


Largest food delivery platform in Germany integrates Bitcoin

Source: CoinTelegraph

"Lieferando, the largest food delivery platform in Germany, officially integrated Bitcoin. Users on the platform will be able to pay for food deliveries using Bitcoin. Originally, Lieferando obtained over $18 mln in funding as a regional food delivery application and service provider. Due to the platform’s success regarding the rapidly growing user base, revenue streams and popularity, Netherlands-based Takeaway.com acquired Lieferando. The acquisition of Lieferando by Takeaway.com is important to note as the Takeaway.com development team initially integrated Bitcoin back in 2013." (07/08/17)


Dark web drug marketplace goes offline, sparks fears of multi-million Bitcoin heist

Source: The Next Web

"It appears the largest dark web drug and counterfeit marketplace might be pulling off a Houdini. Numerous users on Reddit and Twitter are speculating that AlphaBay Market — often dubbed as the new Silk Road — has executed an elaborate exit scheme. Doubts first began circulating when the portal suddenly went offline earlier today. While experiencing down-time is nothing unusual for AlphaBay, some users have since come across a massive Bitcoin transaction worth over $3.7 million that many believe could have originated from AlphaBay. … AlphaBay representatives, who appear to be otherwise quite active in the underground community, have remained silent so far." (07/05/17)


The curious dilemma of the Bitcoin "community" going separate ways

Source: Bitcoin.com
by Jamie Redman

"The scaling discussion has been a long and exhausting debate that has been going on for many years. Currently, there are a couple of proposals like UASF and Segwit2x that may be coming to the Bitcoin network in the near future. However, as many people are calling Segwit2x the last chance for the Bitcoin 'community' to come to a consensus together, many people are starting to believe a divorce would be the better route." (06/30/17)


The contradictions of the alt-right embracing Bitcoin for crowdfunding

Source: Bitcoin.com
by Samuel Haig

"Alt-Right leaders are increasingly turning to bitcoin to conduct fundraising following account closures from leading crowdfunding platforms. Despite the libertarian underscoring of many cryptocurrency projects, the use of bitcoin poses several fundamental challenges to altright ideology." (06/27/17)


Crypto correction: Bitcoin and Ether dive as market sheds $13 billion

Source: CoinDesk

"Is the long-awaited 'crypto correction' finally here? There was certainly ample evidence to suggest the answer was yes today, as cryptocurrencies both large and small suffered widespread losses, a decline that analysts attributed to profit taking from veteran investors. Overall, the total market capitalization of cryptocurrencies fell to as little as $91.4bn today, a more than 20% decline from the all-time high of $117.2bn it reached around mid-June, and down over 13% from the day's open at $105.3bn. At the time of report, the top 20 cryptocurrencies as ranked by market capitalization had all suffered declines in the last 24 hours, according to data from CoinMarketCap." (06/26/17)