• Bitmain CEO Jihan Wu has vowed to respond ‘soon’ to accusations the miner is exploiting a Bitcoin vulnerability to manipulate mining. Bitmain, Vulnerability Outing ‘Huge SegWit Confidence Boost’ A “covert” use of so-called ASICBOOST technology was circulated to the Core mailing list by contributor Greg Maxwell Wednesday. This would allow “a major manufacturer” to unfairly profit from centralization. While Bitmain was not named by Maxwell, community sources subsequently confirmed the company’s involvement. In case there

    ASICBOOST: Bitmain to Respond ‘Soon’ to Exploit Accusations

    | 2017/04/06 5:00 am
  • While Bitcoin Unlimited is gaining traction among miners, only a handful of Bitcoin companies are in favor of its bigger block and Emergent Consensus proposal. Breakdown by Company The scaling debate in which two predominant Bitcoin improvement proposals, SegWit and Bitcoin Unlimited, are competing for miners’ support is becoming more and more intense. As the debate escalates, supporters from both sides are now threatening to push for user activated forks (both soft and hard). While

    These 27 Companies Support Bitcoin Unlimited, 44 Oppose

    | 2017/04/05 12:00 pm
  • Two cases for Segregated Witness (SegWit) activation via different channels are moving closer to reality this week for Bitcoin. Meanwhile, Litecoin is getting closer to its own SW activation as its price is climbing to new highs. Litecoin Hits 3-Year High Despite not suffering the same teething problems as Bitcoin, SegWit appears to have definitely caught on at Litecoin, with support moving over 58%. At 75%, SegWit will trigger, as it already has done for fellow

    Price of Bitcoin’s ‘Lite’ Brother is Soaring as SegWit Seems Imminent

    | 2017/04/03 9:00 am
  • Bitcoin blocks are markedly less full at the weekend than during the week, with waiting times and fees lowering accordingly. ‘Legitimate’ Block Uses No Issue On Weekends Data from Blockchain shows that some blocks mined Saturday and Sunday, in fact, fall below the maximum 1 megabyte capacity available, with emptier blocks on Sunday, some of which are even below 500kB.  The phenomenon has led commentators to describe a peak and off-peak pattern in Bitcoin, suggesting

    On-Peak Or Off-Peak? Blocks Emptier & Spam-Free on Weekends

    | 2017/04/02 8:00 am
  • Hashcash inventor Adam Back has said Segregated Witness (SegWit) “fixes” an original bug in Bitcoin from creator Satoshi Nakamoto. Back: SegWit ‘Fixes Satoshi Bug’ As part of a Twitter exchange Friday, Back rebuffed criticism from Bitcoin Unlimited proponent Jihan Wu, demonstrating how SegWit is beneficial to the virtual currency’s core protocol. Wu, who is a co-founder of mining conglomerate Bitmain, had said that the technology would make the network “more complicated.” “SegWit is not more

    Adam Back to Jihan Wu: SegWit Not ‘Complicated,’ Fixes Satoshi’s Bug

    | 2017/03/31 8:00 am
  • Canada’s Bitcoin ecosystem has become the latest major sector of the industry to signal its rejection of a potential Bitcoin hard fork. Canada Group: Hard Fork Would ‘Create Irreparable Damage’ In a letter signed by a raft of businesses and services, from exchanges to hardware manufacturers, the idea of a contentious hard fork is severely criticized. An extract reads: We strongly believe that a hard-fork, as actively considered by Bitcoin Unlimited or Bitcoin Classic, would cause

    Canada Bitcoin Letter Rejects Hard Fork, Warns of ‘Irreparable Damage’

    | 2017/03/28 5:30 am
  • Andreas Antonopoulos has warned about Bitcoin Unlimited’s system of consensus and the dangers of a hard fork. BU ‘Sets The Rulers’ But ‘Doesn’t Change Rules’ In his latest Q&A session at the Singapore Management University Bitcoin and Ethereum meetup, the veteran commentator highlighted how BU “doesn’t change the rules” but “sets the rulers, who will then get to change the rules.” “…That is a very dangerous thing to do in Bitcoin, especially if it’s done as

    Bitcoin Unlimited ‘Sets The Rulers’ For Bitcoin – Andreas Antonopoulos

    | 2017/03/26 8:00 am
  • Wednesday saw the largest Tokyo Bitcoin meetup “in years” take place at the Pink Cow in the Japanese capital’s Minato district. ‘No Arguments’ Despite Core, Unlimited Presence Featuring appearances from Roger Ver, Jihan Wu and others, the meetup, organized by Chinese platform Bitkan, focused only lightly on the current Bitcoin scaling problem, with speakers presenting a range of opinions on the current and future state of Bitcoin. Ver himself spoke on “the importance of Bitcoin’s economic

    Large Tokyo Bitcoin Meetup Turnout Includes Jihan Wu, Core Supporters

    | 2017/03/23 6:00 pm
  • Roger Ver has received a pre-hard fork trade offer worth “up to” 130,000 bitcoins in a bargain receiving heavy publicity. Ver: Up To 130k Trade ‘Sounds Like Great Deal’ According to a post of the Bitcointalk forum, a Bitcoin bagholder known as “Loaded” signed a message from a wallet containing 40,000 BTC. In the message, Loaded challenges Ver to a one-to-one BTC/BTU trade in the event of a hard fork occurring. “@RogerVer lets make a

    Roger Ver Confirms He’ll Sell His Bitcoin: 130K BTU Trade a ‘Great Deal’

    | 2017/03/22 5:00 am
  • 20 Bitcoin Exchanges have agreed to list Bitcoin Unlimited (BTU/XBU) as an altcoin, if a hard fork should occur. BTC & BTU In the midst of a heated discussion on the scalability and future of Bitcoin, a group of 20 Bitcoin exchanges, including major eastern and western ones, have announced that should a hard fork occur, they will list BTC (Bitcoin Core) and BTU (Bitcoin Unlimited) as two separate currencies. This decision, backed by BitFinex, BitStamp,

    Could This Be The End For Bitcoin Unlimited?

    | 2017/03/17 11:30 pm
  • Worried about being stuck on the wrong side of a potential Bitcoin hard fork? Bitcoinist explores what regular users and holders should expect. Bitcoin at a Crossroads? Although the scaling debate has been going on for years, never has it been so urgent as it is now. As speculators continue to push the price to new heights and new users enter Bitcoin, the network is reaching full capacity. The two major scaling proposals, SegWit and Bitcoin Unlimited (BU), are currently

    How to Prepare for a Bitcoin Hard Fork

    | 2017/03/14 12:00 pm
  • Antpool is officially switching to Bitcoin Unlimited as mainstream media lead warnings of a potential Bitcoin hard fork. Antpool’s Wu Jihan: ‘We Will Switch 100% to Bitcoin Unlimited’ The block size solution, now slightly ahead of SegWit in terms of mining pool support, has gained the backing of 15% of miners and the largest single mining entity following Antpool’s decision. “We will switch our entire pool to Bitcoin Unlimited,” Bloomberg quotes founder Wu Jihan. “We can’t

    Schism Inevitable? Biggest Mining Pool Switches to Bitcoin Unlimited

    | 2017/03/13 4:30 am
  • As Bitcoin holds firm following the SEC rejection of the Winklevoss ETF, reactions inside and outside the community range from the sublime to the ridiculous. ETF Rejection: No Price Panic As the decision was announced late Friday, Bitcoin’s price tumbled over $100, but as of Saturday has steadied at around $1,180 USD. The apparent resilience to setbacks underlines a new trend for the cryptocurrency, shaking off volatility from regulatory and legislative decisions which in previous

    Winkle-loss: Top 5 Reactions to Bitcoin’s Historic ETF Rejection

    | 2017/03/11 10:00 am
  • Bitcoin Unlimited is under suspicion this week following a sudden instant surge in the number of its nodes, leading commentators to question its authenticity. Charlie Lee: ‘It’s Obvious’ Commenting on statistics from Coin Dance republished on Twitter, Litecoin creator Charlie Lee stated that the 200 or so additional nodes, which appeared last week, did not point to genuine new users. “The vertical bar makes it obvious. 200 new real users don’t spin up nodes at the exact

    Bitcoin Unlimited’s 200 New Nodes’ Authenticity Falls Under Suspicion

    | 2017/02/17 7:00 am
  • As the debate on segregated witness (SegWit) rolls on, Bitcoin Think editor Beautyon has hit out at critics of the technology, in particular, the Digital Currency Group (DCG). DCG A ‘Reckless Group’ In a lengthy Medium post Sunday, Beautyon stated opposition to SegWit was an example of “computer illiteracy.” He also said the DCG’s recent post titled “Scaling Bitcoin: Reflections from the DCG Portfolio” “exemplifies the problem very well” and that the group itself was

    ‘Dangerous, Reckless’: DCG’s SegWit Reflections Get Tepid Response

    | 2017/02/12 2:00 pm
  • Smart contracts and digital currency pioneer Nick Szabo has added his voice to the Blockchain scaling debate, stating that the Blockchain itself cannot handle card network transaction numbers. Szabo: Periphery Network ‘Needed’ In a blog post Thursday, Szabo eloquently described the needs of Bitcoin’s blockchain in order for it to retain its core unique selling point: censorship resistance; or what he calls “automated integrity.” “…Sacrificing performance in order to achieve the security necessary for independent, seamlessly

    Nick Szabo: Lightning Would Help Bitcoin Retain Censorship Resistance

    | 2017/02/10 3:01 am
  • Bitcoin investor Roger Ver has returned to Reddit after the social platform went back on its decision to ban him. Ver: Ban Was ‘Misunderstanding’  Following Ver’s r/memorydealers account being suspended last week, the ‘Bitcoin Jesus’ can now access and participate in all forums as before. It is understood Ver was originally banned for so-called ‘doxing’ – revealing the real identity of another user, in this case r/Bitcoin subreddit moderator Theymos. He also reposted a link, which

    Reddit Censorship: Roger Ver Returns Following ‘Misunderstanding’

    | 2017/01/24 4:00 am
  • Counterparty Foundation Community Director Koji Higashi has agreed that Japan’s future in Bitcoin is an “upward trend” and could challenge China in trading volume. Japan: World’s #2 Bitcoin Trader His comments follow mainstream media alleging the number of Japanese outlets accepting Bitcoin had quadrupled to over 4,000 in 2016 alone. In a blog post Monday, Higashi said that in contrast to China’s falling trading volumes due to exchange inspections and uncertainty over legislation, Japan’s legal

    Japan Rises to Become 2nd Biggest Bitcoin Trader in the World

    | 2017/01/17 5:00 am
  • The movie, titled “Banking on Bitcoin” has been released on January 6, 2017, in select theaters across the United States. It’s also available on VOD for those who can’t make it to the theaters. Banking on Bitcoin, The Movie Bitcoin is one of the most spoken about financial assets of this year. As the cryptocurrency’ price continues to soar, Gravitas Ventures takes moviegoers to a trip through the cryptocurrency’s timeline with its upcoming feature film. Banking

    Banking on Bitcoin: A Movie About Bitcoin, Its Past & Future

    | 2017/01/08 3:00 am
  • Let’s take a look at what some of Bitcoin’s industry insiders predict for 2017 as general sentiment is more bullish than ever and BTC is eyeing a new all-time high.  Tulip? More Like Champagne Bubbles Bitcoin is no stranger to bubbles. In fact, there’s probably a Tulip-mania inspired obituary out there already. But tulips can’t store value long-term, can’t be sent to the other side of the globe in seconds, and certainly can’t live on

    Industry Insiders Predict ‘Higher’ Bitcoin Price in 2017

    | 2016/12/26 12:00 pm
  • Christmas is once again around the corner (metaphorically speaking at least, as time isn’t actually endowed with too many corners), and you may be considering giving loved ones the gift of Bitcoin. But what is the best way to do it, and should you really be doing it at all? Not Just For Christmas: A Bitcoin Is For Life As a Bitcoin enthusiast, you probably love spreading the word, and what better way than to force coerce those you care about

    4 Ways to Give Bitcoin: The Christmas Gift That Will Keep On Giving

    | 2016/12/17 5:00 am
  • The fight for Ross Ulbricht’s freedom continues, and it’s gaining some high-profile supporters. Over thirty public figures from around the globe will gather on 4th December, starting 10 PM EST, for the “Free Ross-A-Thon”. Also read: New $1.2m Grant Seeks Bitcoin Protocol Diversity Free Ross-A-Thon is an online conference to support Ulbricht, the defendant in the Silk Road case. Ulbricht was sentenced to life in prison without parole in May, 2015. He is currently appealing

    Celebrities Turn Out to Support Ross Ulbricht Appeal

    | 2016/11/23 5:50 am
  • Bitcoin.org, a self-reported objective information site in the Bitcoin space, has warned that the Bitcoin Core wallet — the official wallet of Bitcoin — is ripe for an attack. Also Read: Node Counter On Blockstream, Bitcoin Core and Censorship “Bitcoin.org has reason to suspect that the binaries for the upcoming Bitcoin Core release [version 0.13.0] will likely be targeted by state sponsored attackers,” the website says in a post that does not elaborate which state may be

    Core Developer: Chinese Attack on Bitcoin Core Doubtful

    | 2016/08/19 5:00 am