Ken Moore, head of Citi Innovation Labs told IBTimes UK during a technology briefing that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have constructed three blockchains and a test currency to run across them. Moore said: We have up and running three separate systems within Citi now that…
It is generally accepted that latency in block propagation is one of the bottlenecks for Bitcoin scaling. This is why many of Bitcoin’s most active developers and researchers have presented a series of solutions to compress blocks and speed up propagation over the past years. It is not as well known that these solutions may not suffice on their own. Due to a practice…
What goes up, must come down… or at least that appears to be the mantra behind Bitcoin. After enjoying a meteoric rise to fame (and fortune, for some), the controversial cryptocurrency has taken a steep nosedive – especially as of late. As of writing, a single Bitcoin is trading for $190.13. While still high compared to its very early days, it’s down nearly 50 percent…
If you’re not a math genius or a cryptographer, it can be hard to wrap your head around what Bitcoin is. So two years ago, I decided to get familiarized by immersing myself in it. I got rid of my cash and credit cards, and spent a week in San Francisco living on Bitcoin. At the time, few people had heard of the cryptocurrency, and fewer actually accepted it. I couldn’t…
Do research. Make sure you know how much a bitcoin is worth, because the price tends to fluctuate. As of April 18, 2014, the exchange rate was $508 per bitcoin. However, that price constantly changes. Visit a local trading site. One example is LocalBitcoins, which is used as the example for this article. However, there are other trading sites that you can find on…
NEW YORK (InsideBitcoins) — February of 2014: a defining moment in bitcoin history. Mt. Gox, then the largest bitcoin exchange, reveals the “loss” of 850, bitcoins, with a value at the time of approximately $473 million. For months, there had been complaints that withdrawals from the company were taking far too long. Reports said some customers were experiencing…
This post is one in a series of quick-hit interviews with companies using Apache Cassandra™ and/or DataStax Enterprise (DSE) for key parts of their business. For this interview, we talked with Vincent de Lagabbe at kaiko.com. DataStax: Hello Vincent, thanks a lot for your time today. Could you please tell us a bit about kaiko.com, what exactly you offer and your role…
When choosing this option, the Bitcoin Computer can be shipped to anyone in the US using a PO Box and will be addressed to a ‘postal customer’ rather than using your real name. The company still needs your email address to authorize the transaction, so perhaps not as private as you’d like, but says: “when combined with the right measures on your end this process is…
I’ve been looking for ways to generate a profit from Bitcoin ever since it hit the news back in April 2013. With so many options you sometimes find yourself lost. Should you buy and hold, day trade, mine at home, start a bitcoin exchange, I can practically go on forever about ideas for making money from Bitcoin. But one idea seems to catch the eye of most of my blog…
Today is the fifth anniversary of Bitcoin - on or about Jan. 3, 2009, Bitcoin s pseudonymous creator Satoshi Nakamoto mined the first 50 bitcoins and started the Bitcoin payment network. And not long after that on Jan. 12, Hal Finney was the recipient of the first Bitcoin transaction. Finney has a long involvement in the crypto community. For years, he worked with…
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are: “It depends on how much you’re willing to spend”, the answer would be as simple as that. Seeing that Bitcoin Mining profitability relies on many different factors, each person asking himself this will get a slightly different answer. “Mining profitability calculators”…
Bitcoin is a kind of digital currency that is gaining popularity with every passing day. It is created electronically and also held electronically. Bitcoins are not printed, unlike euros or dollars. Bitcoin is the first example of cryptocurrency, which is a category of money in this digital age. Nowadays, it is possible to perform even PayPal to Bitcoin exchange…
