As bitcoin use keeps growing and gaining public attention, the question naturally arises: will it replace fiat currency? Bitcoin’s price gains in 2015 and the current emergence of two competing bitcoin versions – Bitcoin Core and Bitcoin Classic – have raised expectations in some quarters that bitcoin could replace fiat currency, according to Bloomberg. Bitcoin […]
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Law enforcement is catching up with criminals who use bitcoin to escape detection for their crimes. The imprisonment of Ross Ulbricht in February 2015 marks the most visible proof that criminals cannot hide their online activities. Czech national Thomas Jiikovsky was suspected of laundering $40 million in stolen bitcoins and in March police seized his […]
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An event called the London Bitcoin Forum scheduled for later this month has raised concerns in the bitcoin community of being a scam, as revealed by comments posted on Reddit and elsewhere. The website for the event says it is scheduled for March 23 and 24 at QEII Centre, London, U.K. and will have 900 attendees […]
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The chairman of the Australian Securities & Investments Commission (ASIC) has encouraged regulators around the world to embrace blockchain innovation, the technology that underpins bitcoin. ASIC chairman Greg Medcraft has spoken about the potential and promise that blockchain technology holds, urging regulators around the world to “start thinking about” blockchain innovation, during a recent industry […]
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Bitcoin trading has been holding price between technical constraints just above $400. The option of moving out of this range has been tried to the upside and down, recently, without igniting a meaningful trend. Classic(TM) dithering and consensus breach may be unnecessary, after all. This analysis is provided by xbt.social with a 3-hour delay. Read […]
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Since attending the invite-only Satoshi Roundtable last week, Gavin Andresen, the Chief Scientist of the Bitcoin Foundation has offered some reflection on the happenings on his blog. As is to be expected, Andresen mainly focused on the main subject of the weekend, which was the very hot topic of increasing the Bitcoin block size to […]
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Sometimes it is hard to understand just how little finance institutions actually understand blockchain technology. While blockchain is certainly not a panacea for financial institutions, it’s pretty close. And SWIFT is certainly no match. In a recent article featured on the website American Banker, the ability for blockchain tech to render an antiquated settlement and messaging […]
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Bitcoin users want more exchange opportunities. JM Bullion announced that it’s now possible to buy gold and silver with bitcoin on the BitPay platform. The firm now offers its customers the option to pay with the cryptocurrency. According to the firm, accepting bitcoin provides flexibility to online customers. It’s now possible for cryptocurrency users to […]
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Nathan Blecharczyk, one of the co-founders of the accommodations platform giant Airbnb, has revealed that the company could potentially look at blockchain applications to help establish user reputation and trust. Airbnb co-founder and chief technology officer Nathan Blecharczyk has, in an interview that discussed the company’s areas of focus in 2016 and a tech-enabled future, […]
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After its year(s)-long endeavor to be the world’s first publicly listed bitcoin miner, Australian bitcoin mining firm Bitcoin Group Ltd., has been forced to withdraw its IPO. The move comes after the Australian Securities Exchange (ASX) sought the miner to make a fresh offer. The exchange wasn’t convinced the company had enough liquidity to make […]
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