• A massive sell off of Bitcoin and other cryptocurrencies has resulted in the total market cap of the cryptocurrency market dropping to below $66 billion. The decrease marks a 43% decline from this year’s record-setting high of $116 billion back in late May. Market Thrown into a Tailspin With the market cap in a nosedive and Bitcoin prices seeming to drop almost daily, the past two weeks have been a stomach churning roller coaster ride

    Bitcoin Price Drops Below $2000, First Time Since May

    | 2017/07/16 11:45 pm
  • In a blog post on July 13, GDAX announced it will temporarily suspend Bitcoin transactions if a soft fork is activated on August 1. Tension is ratcheting up as the August 1 deadline for the BIP148 User Activated Soft Fork (UASF) approaches. Prices have already slumped in anticipation of a major market disruption, and most blogs have urged users to start protecting their Bitcoins in private wallets. The soft fork on August 1 may result

    GDAX to Suspend Bitcoin Transactions if UASF Activates

    | 2017/07/16 2:00 am
  • Just when you thought ICOs were the easiest way to gather funds to come to the cryptosphere, along comes “Bitcoin Sign Guy” to prove us all wrong. ‘Bitcoin Sign Guy’ Becomes Instant Legend The cryptocurrency world was amazed as a man held a “Buy Bitcoin” sign for the cameras during Federal Reserve chairwoman Janet Yellen’s appearance before the Congressional committee on Wednesday. The attendee and the person he was with were later asked to leave

    ‘Bitcoin Sign Guy’ Receives Over $15,000 in Bitcoin for Janet Yellen Photobomb

    | 2017/07/14 9:00 am
  • Yesterday, the testnet for the most recent Bitcoin scaling proposal, Segwit2x, experienced a fork in the chain, causing the creation of new blocks to halt completely for just around twenty hours. What is Segwit2x? The controversial change to the protocol calls for activation of segregated witness with signaling from 80% of the hash rate with a hardfork to raise the blocksize parameter to 2 MB scheduled for three months after activation. This compromise comes after

    Segwit2x Testnet Unintentionally Forks, Prevents Blocks From Being Created

    | 2017/07/11 11:30 pm
  • Self-proclaimed Bitcoin creator Craig Wright announced that his company nChain will form an non-segwit Bitcoin pool, promising to retain 20% of the Bitcoin network. Craig Wright: ‘Our Pool Will Reject Segwit’ The announcement was made today at The Future of Bitcoin conference sponsored by Bitcoin Unlimited and Bitmain. The event is being held in Arnhem, the Netherlands, which will run from June 30 to July 1. The seemingly unhinged Wright made his non-segwit pool announcement during a

    Self-Proclaimed Bitcoin Creator Craig Wright Declares War on Segwit

    | 2017/06/30 9:00 am
  • The New York Agreement, also known as Segwit2x, is finally being signaled by the boasted 80+% of the hash power that has agreed to it. This compromise will hopefully bring an end to the years of debate over which path is the best to scale Bitcoin. The Compromise As many of our readers may know, an agreement was reached last month between many of the most prominent mining pools in Bitcoin to finally end the

    Growing Support for Segwit2x Amid BIP 148 UASF Concerns

    | 2017/06/24 5:30 pm
  • As SegWit2x gains over 80% hash rate support, a developer has pronounced the Bitcoin user-activated soft fork (UASF) “dead.” Silbert Agreement Sucked Support From UASF In a Medium post published yesterday, HiddenWallet creator known as nopara73 said that the scaling move, also known by its Bitcoin Improvement Protocol number BIP148, was “still winning in a strange way.” I just published “UASF Is Winning The Chicken Game, But Not The Way Its Supporters Expected” https://t.co/M1qwIdcAT4 —

    ‘Chicken Game’: Reality Comes Home To Roost For UASF Supporters

    | 2017/06/21 3:00 am
  • Antpool mined its first SegWit2x block today, signaling approval for the implementation of the SegWit scaling proposal and a hard-fork to double the block size. Antpool Goes SegWit Antpool, the biggest mining pool in the Bitcoin ecosystem with over 14% of the global hashrate, has mined its first SegWit2x block today, signaling approval for the ambitious scaling agreement that seeks to implement the SegWit soft fork and a subsequent hard fork to increase block size capacity to 2MB.

    Antpool Mines Its First SegWit2x Block

    | 2017/06/19 9:00 am
  • Though a Bitcoin scaling agreement was reached at the recent Consensus conference in New York, many companies are increasingly supporting a User-Activated Soft Fork (UASF)  as a means to activate SegWit. UASF Still on the Table Although reports have stated that the Bitcoin scaling debate may be coming to an end due to what has been known as the ‘Barry Silbert Agreement,’ recent developments indicate that it may still be far from over, leaving other options like the

    UASF Continues to Gain Support as ‘Secret’ SegWit2x Roadmap Revealed

    | 2017/05/30 10:30 am
  • An exhausting day at Consensus 2017 has culminated in Barry Silbert seemingly guiding major industry figures towards activating SegWit. Silbert’s SegWit Scheme Pays Off? In a closed-door meeting organized at Consensus 2017, Silbert allegedly convinced participants to sign on to SegWit by September, with a 12-month “countdown” to a 2MB block size increase. Investor Alistair Milne tweeted details of the meeting earlier Monday, with Blockstream’s Samson Mow adding information about the September date. I do not

    Consensus Bombshell Sees Bitcoin SegWit Slated For September

    | 2017/05/23 3:00 am
  • Entrepreneur and cryptocurrency fund creator Barry Silbert has concluded the community is behind SegWit after canvassing businesses and miners. Silbert SegWit Support Echoes Coin Dance In a series of Twitter posts, Silbert announced he had at least 50 businesses who had “signed on” to his preferred Bitcoin scaling solution – SegWit with a block size increase to 2 megabytes within 12 months. This was followed by almost 80% of network hashrate coming from miners who

    Barry Silbert’s ‘Compromise’ to Scale Bitcoin Nets 80% Hashrate Support

    | 2017/05/18 2:00 pm
  • Blockstream CEO Adam Back has refuted claims by Swedish Pirate Party founder Rick Falkvinge that the company “has patents in SegWit.”  Pirate Party’s Falkvinge: Blockstream SegWit Support Driven By Patents In a Twitter response Monday, Back stated Blockstream “does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit.” @DanDarkPill Blockstream does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit. — Adam Back

    Adam Back: Blockstream ‘Has No Patents Related To SegWit’

    | 2017/05/01 12:00 pm
  • Bitcoin entrepreneur Charlie Shrem shared his views on the scaling debate, stating that “it’s not about technology anymore, it’s about power.” Shrem: ‘It’s About Power’ Charlie Shrem, Bitcoin entrepreneur and co-founder of Intellysis, was present in today’s episode of the  Double Down show, dubbed “Does Block Size Matter?” with the usual hosts Max Keiser and Stacy Herbert. During the show, Shrem expressed his thoughts regarding the current state of the scaling debate or as Herbert called

    Charlie Shrem: ‘It’s Not About The Technology Anymore, It’s About Power’

    | 2017/04/25 9:00 am
  • Bitcoin core developer Greg Maxwell has newly outlined why he “does not support” a user-activated soft fork (UASF) as it figures in BIP 148. Maxwell: UASF ‘Guarantees Disruption’ In a circular to the Core mailing list Friday, Maxwell said that although he is not strictly against a soft fork, its incarnation in BIP 148’s UASF does not “really measure up to the standard set by segwit itself.” The debate over whether to galvanize the entire

    Core Dev Maxwell: UASF ‘Does Not Measure Up To Standard’

    | 2017/04/14 9:00 am
  • Litecoin creator Charlie Lee has appealed to the community to push through a user-activated soft fork (UASF). Lee: Alleged Bitmain Interference ‘Sad If True’ Litecoin, which last week came within 5% of the required miner support to activate Segregated Witness (SegWit), appeared to fall short over the weekend, something Lee put down to interference from anti-SegWit parties. “Sad if true,” he commented on Twitter about a suggestion from UASF code creator shaolinfry that Bitmain miner

    Litecoin Aiming for User-Activated Soft Fork Amid Rumors of SegWit Block

    | 2017/04/10 5:00 am
  • 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