Even though Bitcoin is much larger than Ethereum it isn’t the only blockchain to suffer scaling issues: the ethereum network is presently experiencing a transaction backlog. The cause of the commotion? Cats. While the runaway success of Crypto Kitties has prompted widespread amusement, it highlights the vulnerabilities built into ethereum smart contracts. When one ERC20-based […]
A Dutch columnist has come under flak for urging readers to sell their bitcoins because they’re “dangerous”. In a widely shared op-ed, the writer asserts that “bitcrash” is dangerous because it has no financial institution to monitor it and is a menace to the economy. The article has sparked intense debate as to whether it […]
The post Dutch Columnist: Bitcoin Destabilizes the Economy and Undermines Banks appeared first on Bitcoin News.
Two words: Crypto Kitties. Last week’s feel-good story, infused with the perfect blend of cute, kitsch, and crazy, was all about “breedable digital babies” – virtual cats which exist on the ethereum network. Their viral success – and that of similar projects such as rare pepe blockchain cards – are innovative instances of digital art. […]
The post Blockchain-Based Digital Art – Passing Fad or the Next Big Thing? appeared first on Bitcoin News.
Every week we tell ourselves “This one’s got to be quieter” and yet every week we’re proven wrong. Welcome to the latest and craziest edition of This Week in Bitcoin. We’ve no idea where this madness is gonna end; all we know is that there’s no time to assess the situation – there’s too much […]
The post This Week in Bitcoin: Big Bangs, Huge Swings, and a Word From the White House appeared first on Bitcoin News.
A Ukrainian shipping company has become the first to accept payment in bitcoin. Its motivation for taking the digital currency? To evade economic sanctions. Shipping companies are obliged not to trade with sanction-hit countries such as Sudan, Yemen, and Qatar. Bitcoin provides a means of ensuring payment whilst enabling shippers to continue trading with these […]
The post This Ukrainian Shipping Firm is Using Bitcoin to Evade Sanctions appeared first on Bitcoin News.
The White House discussing bitcoin. The Big Bang Theory discussing bitcoin. Katy Perry and Warren Buffet discussing bitcoin. Bitcoin web searches exceeding those for Donald Trump. There’s no such thing as a quiet week in bitcoin, but even by its usual agitated standards, this one’s been noisy. Celebrity hangers-on come and go and generic sitcoms […]
The post Meme Chart Mania: Is This the Tip of the Iceberg or Have We Already Hit Peak Bitcoin? appeared first on Bitcoin News.
To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its key finding? Bitcoin hit peak criminality […]
The post White House ”Monitoring The Situation” While Study Shows Illicit Use of Bitcoin Has Dropped appeared first on Bitcoin News.
America’s Internal Revenue Service has gone fishing. Its target? Every single Coinbase user who ever placed a $20,000 trade. The huge dragnet exercise, spanning 2013-2015 and incorporating over 14,000 users, was awarded by a court yesterday, November 29. This is despite the best efforts of America’s largest bitcoin broker, which has fought back against what […]
The post Court Ruling Grants the IRS Personal Data of 14,000 Coinbase Users appeared first on Bitcoin News.
There was once a time when a bitcoin was worth about as much as the spare change down the back of your sofa. Now, one bitcoin is worth your sofa, your armchair, and every other item of furniture in your living room. Gone are the days when maintaining military grade opsec was the preserve of […]
The post Bitcoin for Beginners: How to Safeguard Your Cryptocurrency Holdings appeared first on Bitcoin News.
A rising tide floats all boats and a rising bitcoin inflates all domains. Stocks in graphics card manufacturers and crypto mining companies aren’t the only beneficiaries of the bitcoin bounce: BTC-themed web domains are also hot commodities. Sellers are asking hundreds of thousands of dollars for prime bitcoin domains, with some even priced into the […]
The post This Bitcoin Domain Can Be Yours for $2.75 million appeared first on Bitcoin News.