We’ve been grinding in NYC for the last 4 months working on the latest iteration of our product. This morning, we’re proud to announce the launch of the new website and iOS & Android apps to the public. We’re more bullish than ever on the bitcoin & blockchain space & wanted to expand on not only the information and investment tools we…
Computer scientist, inventor and academic Craig Wright told the media on Monday that he is the man who created the digital currency Bitcoin. Previously known by the pseudonym Satoshi Nakamoto, Mr. Wright says he launched the currency in 2009 with the help of others. At this juncture, here is all you need to know about Bitcoin. What is Bitcoin? Bitcoin is digital…
Could someone hack into the blockchain and alter the record to make it look as though previous bitcoin transactions had transferred money to the hacker s account? In theory, yes – but it would require considerable computing power. Bitcoin users verify the validity of a transaction by looking at all past transactions, so a computer would not only have to solve…
American radio host Alex Jones, known well for his conspiracy theories, is apparently now accepting bitcoin on his online store. NEWSBTC confirmed the option is available upon check out (which you can view yourself), meaning fans of Jones can purchase anything from emergency radios to herbal products. Jones has taken a recent interest in the digital currency…
The number of blocks mined every day in the Bitcoin system determines the effectiveness of the process. In every second, thousands of computers from all over the world are contributing to the creation of bitcoins, increasing the number of possible transactions on the market. It is important for miners to calculate the number of blocks generated per day, as well…
Two weeks ago, Amazon S3 experienced a few hours of downtime and disrupted service. This in turn caused issues with thousands of sites that host files on S3. Many Americans could not view their Instagram photos, their Twitch streams, their Netflix movies. But this outage also affected services that US companies rely on daily: Atlassian, Slack, Autodesk, Github…
MBTC stands for a millibitcoin (1/1 of a Bitcoin, or .001 Bitcoins). The idea behind using mBTC instead of BTC is basically that Bitcoin has been very high (over hundreds dollars). It is very inconvenient to deal with all of the decimals in small transactions. In the future, it is also possible that there will be even microbitcoins or µBTC. According to BTCC…
One of the things preventing global Bitcoin adoption is the lack of education on what digital currency is, and why it is relevant to the everyday consumer’s situation. But if Bitcoin Embassy Amsterdam has a say in the matter, that will change very soon, as they are hosting “A Complete Beginners Guide to Blockchain Technology” next Friday. It goes without saying…
Position: President, Blockstream Education: Ph.D. in Computer Science from University of Exeter Twitter: @adam3us Dr. Adam Back is the premier expert in the world on blockchain technology and a significant pioneer of applied cryptography for privacy applications. His brilliant applied cryptography work is cited in the Bitcoin whitepaper for the necessity of using…
What is it? The creator of Bitcoin, an unidentified software developer known as Satoshi Nakamoto, released a white paper in 2009, describing Bitcoin as, “A purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution”. Our Experts Explain Money exists…
If you are an investor or a digital currency aficionado, you may have heard about a bitcoin-trading technique known as exchange arbitrage. The theory goes that, because bitcoins are bought and sold on many different exchanges and sometimes at many different prices, it should be possible to buy relatively undervalued bitcoins and sell them at exchanges where they…
Around 16 million Australian dollars ($11.49 million) worth of confiscated bitcoins will be auctioned in Sydney next month, the first such auction outside the United States, as demand for the digital currency surged to its highest in nearly two years. The sale will take place on June 20-21 and involve 24, 518 coins, said auction organizer financial services group…
We have to acknowledge up front that the whole conversation about increasing the block size is not one of imminent necessity, but more of a theoretical eventuality. It’s a big “what if?” question. And because the bitcoin community loves to spend time thinking about these things, of course it has turned into one of the most important debates in the industry today…
Australia’s first Bitcoin ATM could be just days away. THE race to launch Australia s first Bitcoin ATM is entering its final stages. The machines have been shipped and two firms — Australian Bitcoin ATMs and Krypto Currency Solutions — have confirmed to AAP they will each install one in Sydney s CBD within weeks, possibly days. A representative for Australian…
No. ASIC designs are all proprietary. This is controlled to the point where gaining information about the use for packaged chips is subject to a highly restrictive NDA. Some optimizations in use are non-public, and at any rate nobody is going to give away millions or tens of millions of dollars worth of NRE cost to their competitors. It seems unlikely that any…
GENEVA — A Swiss town that is billing itself as a hub for the digital currency industry will accept bitcoin for some payments starting this summer, in what proponents call a worldwide first by a government body and a sign that “crypto finance” is growing in legitimacy. The town council in northern Zug last week approved plans to accept payments of up to 200 Swiss…
