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Showing posts from July, 2018

Check Which Coins You Can Spend With Debit Cards and Why This New Project Chooses BCH

Recently, we covered some of the most popular debit cards used for crypto payments and we’d like to tell you more about the cryptocurrencies they support. Most of these cards are issued by well-known names in the space, but a new project is now offering you fast and cheap transactions with BCH – a feature that makes the use of crypto cards much more attractive. Also read: Bitcoin (Almost) Everywhere: Bitcoin Debit Cards Worth Checking Out Fuzex Chooses BCH as Base Currency Let’s start with the news in the sector:  Fuzex , a global cryptocurrency payment card project, has just announced it’s adding bitcoin cash (BCH) to its card. The decision comes after evaluating the strong features of the BCH network: fast transaction speeds and low fees. Fast, cheap and reliable payments is exactly what makes Bitcoin Cash popular with online merchants and payment processors. The Fuzex team is introducing BCH after signing a partnership agreement with Bitcoin.com. Bitcoin cash (BCH) is repla...
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Markets Update: Cryptocurrency Price Trends Turn from Bullish to Bearish

On Tuesday, July 31 a great majority of cryptocurrency prices dropped in value with many coins losing anywhere between 3-10 percent during the last 24-hours. Currently, with the sudden cryptocurrency market turbulence, bears have taken control of the exhausted bulls. In one intra-day of trading, the entire cryptocurrency market capitalization of all 1,600+ coins ($270Bn USD) has lost roughly $25Bn in value. Also Read:   Bitcoin Cash Fans Celebrate Independence Day One Year Later Digital Asset Prices Turn Bearish as the Entire Cryptocurrency Economy Loses $25 Billion USD Bearish sentiment is starting to haunt cryptocurrency markets once again as many digital assets saw prices tumble today. Bitcoin Core (BTC) prices dropped to a low of $7,503 on July 31 as the currency’s trade volume had started to drift a bit lower after the price hovered around $8,125 the day prior. A large portion of other cryptocurrency markets followed suit with BTC as the top ten virtual currencies are se...
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Security Researchers Attack McAfee-Backed Wallet for “Unhackable” Claims

With the vast amounts of money going around, it’s no surprise that the greater Bitcoin ecosystem is rife with scams, hacks and cyber attacks of all kinds. Operating in such an environment, cautious users are always mindful of their security and learn to avoid outrageous claims that are sometimes nothing more than just that. A recently released wallet was said to be “unhackable” by its promoters, including John McAfee, and this has naturally triggered security researchers. Also Read: Football Team in Gibraltar to Pay Its Players in Cryptocurrency “Unhackable” Bifti Wallet When the Bitfi hardware wallet was unveiled in June, its official promotional material called it the “first truly unhackable” wallet, promising “impenetrable security” and an operation “without any risk of loss”. It was also said to offer more security than any other type of storage, including cold storage. Vouching for the device being indeed “unhackable”, which Bitfi acknowledged is an extremely bold claim, was...
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Blockstream Buys Mining Equipment From Chinese Manufacturer Innosilicon

Blockstream, one of the largest Bitcoin Core funding contributors, has evidently bought a lot of cryptocurrency mining equipment from the Chinese electronics hardware manufacturer Innosilicon. Does this mean that the company is setting up its own mining center? Also Read: Thomson Reuters Eikon to Display Data on 50 Cryptocurrencies From Cryptocompare Blockstream Buys Mining Equipment Publicly available international shipping data (a bill of lading) reveals that a large amount of Innosilicon mining rigs has been imported from China to the US by Blockstream, the Bitcoin Core company focused on developing sidechains. Four containers holding 62 pallets marked as “TI” were sent from Hong Kong and arrived on July 26, 2018 at the port of New York/Newark, New Jersey. “TI” is very likely referring to Terminator by Innosilicon, the ASIC manufacturer’s SHA256 miner whose latest version units are sold for $1118 USD each. And with each pallet possibly holding up to 72 units, this would mean t...
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Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.” Also Read:   Archaeologists Argue Micronesian Stone Money Comprises Bitcoin Predecessor 20-Year-Old Arrested For Part in Theft of $5 Million in Crypto It has been reported that on the 12th of July, Californian police arrested a college student accused of being part of a group of criminals responsible for the theft of more than $5 million in cryptocurrencies. Mr. Ortiz was reportedly arrested at Los Angeles International Airport whilst on his way to Europe donning a Gucci bag presumed to have been paid for with stolen money. The 20-year-old now faces 28 charges, including 13 counts of hacking, 13 counts of identity theft, and 2 counts of gr...
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Paul Krugman is Wrong Again

Paul Krugman, the famed economist who’s made a career out of being wrong about things, is wrong again. That in itself is no more surprising than the fact that his latest op-ed takes aim at his favorite bête noire – bitcoin. The surprising part is that Krugman has resorted to the same hackneyed arguments he always uses to attack cryptocurrency. It’s an odd decision from such a learned scholar when there are far more lethal lines of attack for a crypto sceptic to take. Also read:   Japanese Bitcoin Exchanges Planning Several Trading Restrictions: Report Krugman Swings and Misses In 1998 Paul Krugman famously predicted: “By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”  On the rise of communication networks (read social media) he said they’ll fail because: “ most people have nothing to say to each other”.  Now he is at it again, but with Bitcoin. “Beware that, when fighting monsters, you yourself...
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Bitcoin Cash Fans Celebrate Independence Day One Year Later

Today is the one-year anniversary of the ‘Bitcoin Independence Day’ that took place on August 1 2017. Since that day the Bitcoin Cash (BCH) network and community have had a very productive year as the decentralized cryptocurrency has celebrated a ton of milestones including successful network upgrades, massive merchant adoption, and a wide variety of applications built using the BCH chain. Also Read:  Interest in Philippines Economic Zone Crypto License Spikes – 17 Firms Paid in Full August 1 2017, Bitcoin Independence Day A year ago today Bitcoin proponents celebrated independence from the scaling debate stagnation that took place within the Bitcoin community for far too long. On August 1, 2017, after block 478,558 was found, the Bitcoin blockchain effectively split as miners began processing blocks from two protocols — Bitcoin Cash (BCH) and Bitcoin Core (BTC). While many Bitcoin Core supporters didn’t think BCH would survive after the split, the BCH network proved them wrong...
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Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity.     Also read: Huobi Informs Users on Decision to Launch P2P Trading in India Crypto Exchanges Want Regulation A new study reveals that a sizable majority of crypto exchanges , 88%, would like to see regulation in place that can help the rapidly developing industry mature, and a third of the companies trading coins say the greatest threat comes from the perceived criminality of the sector. 17% of the polled platforms, however, believe overly strict regulation is the biggest threat to cryptocurrency and its wider adoption. Another 40% say lifting the barriers to funding crypto activities by banks will improve the acceptance of cryptocurrencies. The surv...
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75% of Millennials are More Likely to Date Someone Who is Into Bitcoin

A recently conducted study has reportedly found that 75% of millennials would be more likely to date someone who possesses knowledge about cryptocurrencies. The survey comes amid apparently increasing fascination with millenials’ views regarding cryptocurrencies. Also Read:  Kim Kardashian Receives Her First Bitcoin Surveys Probe Millennials’ Views on Crypto An increasing number of companies have published surveys probing the views held by millennials regarding virtual currencies. A recent study  claims to have found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” Despite the find, the survey also revealed that 12% of respondents would “rather date a non-violent felon” than “someone who has all their savings in cryptocurrency.” Of the millennial participants, 40% indicated that they currently own cryptocurrencies, with 48% of males and 26% of females reporting to currently hold virtual currencies. The survey also no...
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PR: Keynote Brings the World Blockchain Forum to London

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The world’s largest blockchain conference explores the promise of blockchain technology, trends and investments. Keynote is excited to announce the program agenda for their next endeavour, the world’s largest two-day blockchain coming to London this September. The conference will feature a star-studded lineup of over 100 world class presenters including a special fireside chat with influencers who have been part of some of the largest ICOs to date. The focus is on blockchain technology; specifically investments, successful past and future ICOs within the industry, legal implications and regulations, and how decentralization is disrupting the banking industry. The World Blockchain F...
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