This infographic of bitcoin s price is something I ve been pondering today. There s a lot in this chart, so lets break it down: In late 2015 through to May 2016, we saw a three cats and a moon consolidation pattern play out over six months after a multi-level marketing () pyramid scheme took bitcoin price action through some exciting times. By early June 2016…
Virtual Currency Accepted As Payment At Hotels, Restaurants LAS VEGAS – January 21, 2014 – The D Las Vegas Casino Hotel and Golden Gate Hotel & Casino located in downtown Las Vegas will become the first casino properties to accept Bitcoin. The D and Golden Gate will begin accepting the popular digital currency beginning Wednesday, Jan. 22. Between the…
I don t know if this was thought up ahead of time, but it sure makes sense in hindsight. The reason 21 million is the right number is because people don t know how to value currencies. For instance, right now a Euro is worth $1.30 USD and a Japanese yen is worth about a U.S. penny. Ask someone which currency they would rather hold right now and most will answer…
What is pushing the cryptocurrency to new levels? The answer may be more complicated than you realize  Ofir Beigel Barely a month ago in January we noticed Bitcoin’s crossing of the $1 mark on the first days on 2017 and now a new record has been broken. Today Bitcoin reached an all-time high after surpassing its previous record of $1163 per Bitcoin…
Bitcoin startup Purse is spearheading work on a new solution it believes could break the network s long-simmering scaling gridlock. In a new blog post issued today, Purse has released a specification that includes demo functionality and code for upgrading its bitcoin software implementation, Bcoin, to support extension blocks . The technical update seeks to…
International customers of Dell have one more payment option when shopping for the company s newest products: Bitcoin. Michael Dell tweeted out earlier today the announcement that, instead of accepting payment in Bitcoin in only the United States, Dell will take virtual currency payments from customers in the UK and in Canada, as well. That, Dell says, makes…
Instabill has always offered merchants the choice of payouts in their own familiar currency. Now, Instabill can offer payouts in bitcoin. Prospective merchants seeking payment solutions need to provide the necessary know-your-customer (KYC) documents, as they would with any merchant account with Instabill. Once the merchant’s application is approved, merchants…
Yesterday, on and approximately one year ago, issues were raised regarding the bitcore-js library, which investigated private key generation across different platforms. A 12-word mnemonic passphrase is used to generate a key pair, which consists of both a private and public key, which can represent an account within Lisk (or Bitcoin). The bitcore-js library provides…
After many requests for a possible target i tried to find a solution with a very long term price interpolation channel of this popular altcoin. I did my best to find a decent volatility factor to compute the deviation lines, the attached chart is my best fit. I think that the next stop is around 35$ (two standard deviation), i’d be very surprised to see this…
Earlier this week, Cointelegraph carried out an exclusive interview with Tim Draper, a multi-billion dollar investor, who shared his insights on mainstream adoption of Bitcoin and the digital currency’s viability as a long-term investment. Over the past few years, Draper contributed significantly to the Bitcoin industry. His investments on leading Bitcoin exchanges…
Which is a work in progress, comments are welcome here, which describes the features of multiple blockchain and sidechain technologies. Views about blockchain technologies range from hype to skepticism. A blockchain is a distributed database and consensus network that can be used to validate cryptocurrency transactions. Blockchains do not replace conventional…
Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on. However, there are certain risks associated with cloud mining that investors need to understand prior to purchase. Pros Here’s why you might want to consider cloud…
The Bitcoin protocol is not just about sending money from A to B. It has many features and opens many possibilities that the community is still exploring. Here are some of the technologies currently being researched and in some cases, turned into real products and services. The most interesting uses of Bitcoin are probably still to be discovered. Control against…
We are proud to announce that a new type of account is now available. All Perfect Money account holders are now able to make transactions using Perfect Money B accounts that are equivalent and denominated in Bitcoin units. Our goal is to allow our customers convenient usage of Bitcoin crypto-currency. We took advantage of existing Perfect Money technology base…
Digital currency bitcoin kicked off the new year by jumping above $1, for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin—a web-based cryptocurrency that has no central authority, relying instead on thousands of computers across the world that validate transactions…
Many people who just hear about Bitcoin ask “well how do you actually use it?”. That’s a tough question to answer, since Bitcoin is just like “normal” money. So imagine if I were to ask you “How do I use dollars?” However, since a lot of the people who come to this site are new to Bitcoin I decided to write a quick start guide on how to use Bitcoin, so here goes…
Australian-founded bitcoin exchange Igot appears on the verge of collapse, with dozens of customers and clients claiming to be owed hundreds of thousands of dollars. Key points: Customers say they bought Bitcoin through Igot but never received them or a refund A former Igot advisor claims the company was insolvent in 2014 The company s owner says the money will…
With reasonable support on each side of the debate based on its inherent characteristics, a huge segment of the ecosystem is of the opinion that Bitcoin can, and should be regarded as both a currency and a commodity. Whatever definition attached to Bitcoin, the constant variation in price offers an opportunity for investors to make a profit by trading the cryptocurrency…
Bitcoin, still a financial technology in its infancy in terms of adoption, can seem mystical to some. Blockchain technology is unlike any other system currently powering currency, and as such is not properly understood by the public at large. To many, especially of the older generations, cryptocurrency can seem like magic, a trick of digital sorcery, and certainly…
Last December I published an article on Cryptorials about the ‘best altcoin investments for 2016’. It turned out to be one of the more popular articles of the year (and potentially very profitable for anybody who read it too), so I decided to repeat it with an updated article for 2017. The only difference is that in order to broaden the scope and avoid controversy…
The promise of digital currency includes instantaneous, frictionless and fraud-free payments. Coinbase Merchant Tools are helping over 43, merchants and their customers around the world to pursue that promise. In characteristic Coinbase fashion, we’re working to make their experiences even better. Over the last several months we asked our top merchants and our…
I m trying to calculate the hash of transactions in bitcoin blocks, but I m not getting the right answers. Here s how I m attempting to calculate its hash Transactions are encoded as: a 32 bit nVersion a list of input transactions, vin a list of output transactions, vout a 32 bit nLockTime For the transaction in the genesis block, these are: nVersion: (hex(50*10^8)…
Cryptographically secure virtual currency exploded onto the scene in 2009 with the introduction of Bitcoin by Satoshi Nakamoto, the mysterious, and likely pseudonymous, developer of the currency. In the years since, Bitcoin has become the best-known, most widely circulated digital money in history. Bitcoin, with its technological design, has also inspired the…
Privacy focused cryptocurrency Dash’s recent rally is still going strong and it is now carrying the project to never-before-seen heights. Dash is now the fourth biggest cryptocurrency in circulation by valuation with a total market capitalization of $200 million. Since we last reported on the rally ten days ago, Dash’s price continued to climb from around $19…
The UK isn t going to adopt a central digital currency any time soon, a senior Bank of England official has told the government—but blockchain technology could be used to make aspects of central banking more efficient. The House of Lords economic affairs committee heard evidence on Tuesday from a range of sources on various possible implementations on the kind…
This document is being updated as new information arrives. Last update: 2015-07-15 13:00. All times are UTC. Note: this situation has not been fully resolved, and it does not appear that it will be fully resolved anytime soon. Users of the affected wallets listed below are still advised to wait additional confirmations or to switch to a safer wallet. Summary…
Before investing in any kind of tradeable asset, it’s important to understand the underlying factors that go into that particular asset’s overall value. There are a wide variety of different indicators to look at when it comes to the price of GHS, and understanding the economics behind Bitcoin mining is a vital aspect of making the right decision when it comes…
