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Tag Archives: bitcoin

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Bitcoin Price Analysis 12 July 2017

Will Bitcoin Tear Itself Apart? This week, the Bitcoin market sentiment seemed to suddenly turn from bullish to bearish overnight. Alternative cryptocurrency markets also turned bearish, as the sharp decline of bitcoin dragged everything down with it. Ethereum dropped 40% from $280 to a low $198 as at writing this. Bitcoin market dominance, a metric that tracks the market capitalization ... Read More »

Bitcoin news roundup, July 9, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Darknet market AlphaBay down for over +90 hours AlphaBay, one of the most popular darknet markets out there, has been down since Tuesday night. The online marketplace’s moderators, after over a day, informed users on Reddit that servers were being updated and that the marketplace would soon be back ... Read More »

Using Bitcoin To Incentivize Users Of Distributed P2P Applications

The efficiency of a decentralized peer-to-peer (P2P) application is mainly determined by the effective collaboration of users of mobile devices. Each and every user should be incentivized to compensate for consumption of computing resources as he/she collaborates with other users across the P2P network. On the other hand, appropriate incentivizing mechanisms that comply with the diversified requirements of users within ... Read More »

Abusing Bitcoin Blockchain for Fun and Profit

Hackers don’t stop at ‘What is it used for?’ but always extend their curiosity to ‘What it can be used for?’ and that’s part of what differentiates hacker’s mindset from many others. With that in mind, today we will look at good ol’ blockchain. Because it’s used for writing transactions, btc blockchain carries some properties you’re probably familiar with: public ... Read More »

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Bitcoin Price Analysis July 4th

The Scaling Debate Weighs on the price of Bitcoin Over the past 3 weeks, the price of Bitcoin has been reflective of the tension in the community surrounding a protocol scaling deadlock. Traders are clutching at straws, hoping for a return to the exciting bull trend since 2015. But the failure to break the $3,000 level, and a scaling debate ... Read More »

Bitcoin news roundup, July 2, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoiners created a petition asking Amazon to accept bitcoin and litecoin payments A new petition on Change.org is asking Amazon founder and CEO Jeff Bezos to start accepting both bitcoin and litecoin payments on the online marketplace, stating that Amazon’s customers would benefit from the move. Low transaction costs, ... Read More »

Opposition Leader Wants to Track Terrorist Bitcoin Use

On June 12, Leader of the Opposition in Australia, Bill Shorten, spoke to the House of Representatives about Bitcoin and encryption. Similar to other government-related discussions involving either topic, his argument called for government intervention. Shorten’s speech followed the direction of the opinions shared by the Minister Assisting the Prime Minister on Cybersecurity, Dan Tehan. Tehan voiced his recent concerns ... Read More »

Five National Guard Members Charged for Bitcoin Fraud

Recently returned and unsealed indictments accused Five National Guard guardsmen for Bitcoin, credit card, or access device fraud. All four defendants used Bitcoin to purchase stolen debit and credit cards from the internet. Then, according to the indictment, the men encoded blank cards with the stolen ones and made fraudulent purchases at Army and Air Force Exchange Service (AAFES) stores ... Read More »

A Self-replicating Code That Earns You Bitcoin On Autopilot!

  What if a piece of code can replicate itself autonomously and earn you money, in the form of bitcoin, on autopilot? During the development process of TENNET (the Tribler Exit Node Network), a decentralized autonomously operating agent, that is capable of generating money online via providing a Tribler exit node service, was created. Tribler represents a decentralized open source ... Read More »

Bitcoin news roundup, June 25, 2017

This week’s summary of various cryptocurrency news and developments: New developments: SegWit2x, a bitcoin scaling proposal, has been signaled by over 80% of the bitcoin network Back in May, the Digital Currency Group (DCG), one of the industry’s largest investment firms led by Barry Silbert, revealed a new bitcoin scaling proposal. Essentially, a group of 58 companies, representing 83.3 percent ... Read More »

Bitcoin Price Manipulation – Now and Then!

Since its advent in 2009, bitcoin has attracted the support of technology enthusiasts who were appealed to the technical side of bitcoin as a medium of exchange, as well as libertarians and crypto-anarchists who were interested in the decentralized nature of bitcoin that is not controlled by any government or any other form of central authority. On the other side ... Read More »

Bitcoin news roundup, June 18, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitmain announced a UASF contingency plan, the User Activated Hard Fork (UAHF) Bitcoin’s scaling debate is getting harder and harder to follow. A part of the Bitcoin community is to activate the BIP 148 User Activated Soft Fork (UASF) on August 1. The plan is to only accept blocks ... Read More »

Bitcoin and an Imminent Fork – The Aftermaths

Since late 2015, the bitcoin community was stormed by the scalability, or block size, debate. Although several solutions have been proposed during the past couple of years, none has received wide acceptance, while bitcoin’s scalability problem is getting worse each and every day. Right now, the bitcoin community is divided into two camps; a. The camp supporting Bitcoin Core: This ... Read More »

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Bitcoin Price Analysis June 13 2017

The Flippening Bitcoin’s teething problems have not gone unnoticed. This week, Ethereum came closer to surpassing the market cap of Bitcoin. ETH price broke past $300 to an all time high of $400, backed by mainstream media and speculator bids on the flippening. Bitcoin’s scaling deadlock and high transaction fees, have led to doubt amongst investors over its continued dominance ... Read More »

Prison Time for Father and Son Caught Selling Bitcoin

In the Western District of Louisiana—on April 20, 2016—a father and son pleaded guilty to conspiring to operate an unlicensed money servicing business. The son pleaded guilty to an additional charge of conspiracy to distribute. After the courts denied their motion to withdraw their admissions of guilt, U.S. District Judge S. Maurice Hicks Jr. sentenced the two to 46 months ... Read More »