• 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
  • Airbitz has partnered with Sphre to secure their Blockchain-Based Identity Management Platform, AIR. Airbitz Partners with Blockchain-Based Identity Firm Sphre, a blockchain-based identity management firm, announced their partnership with Airbitz, one of the most popular mobile Bitcoin wallets and a data security platform with over 140,000 users. Airbitz has been working on its Edge Security Platform since the company’s inception, focusing on providing a secure and easy-to-use solution for decentralized blockchain projects and dApps as a means enhance

    Blockchain-Based Identity Management Will Soon Be a Reality

    | 2017/05/16 6:00 am
  • Japanese Internet conglomerate GMO Internet has announced the launch of their new Bitcoin exchange, GMO-Z.com Coin. GMO Internet launches exchanges Following the implementation of a law that brings Bitcoin exchanges in the country under national KYC/AML rules and views Bitcoin as an online payment system, Japan continues to establish its presence in the global Bitcoin market, with 18 exchanges applying for a Bitcoin Exchange License in the first month of approval. One of which was GMO

    Japanese Internet Conglomerate to Launch Bitcoin Exchange

    | 2017/05/09 3:30 pm
  • As Bitcoin grows in popularity, more use cases for the cryptocurrency pop up every day. This time, an Australia-based startup has created a service that allows citizens in the country to pay their household bills with Bitcoin. Paying Bills with Bitcoin Dubbed the Living Room of Satoshi, the Australian startup allows users to pay their bills with Bitcoin by entering the details of the payment, choosing a payment system (bank account or BPay) and sending

    24 Million Australians can now pay their bills with Bitcoin

    | 2017/05/08 4:00 pm
  • As Bitcoin continues to grow in popularity and value, the network’s capacity issues are becoming even more evident with the number of unconfirmed transactions reaching record-breaking figures. Unconfirmed Transactions Reach ATH It is well-known that the Bitcoin network is currently running at full capacity. With two popular scaling proposals competing for miner approval, there seems to be no resolution in sight. In the meanwhile, the situation is getting worse every day with the number of unconfirmed transactions reaching

    Unconfirmed Bitcoin Transactions Reach 150k

    | 2017/05/07 1:04 pm
  • A $500,000 initiative to incentivize miners to upgrade Bitcoin’s block size has received substantial support on social media. 273 Bitcoins To Break The 1MB Mold The so-called ‘Save the chain’ transaction, attached to which is 273.99971476 BTC in fees, is only mineable once nodes upgrade to include transactions over 1 megabyte in size. Included are 99,940 zero-value anyone-can-spend outputs. “This allows anyone, with zero trust required, to create a descendant transaction to add to the incentive

    $500k Miner Fees Could See One Transaction Trigger Big Blocks

    | 2017/05/04 5:00 pm
  • ACINQ, a Paris-based startup devoted to Bitcoin solutions, has successfully tested their Lightning software on Litecoin. SegWit to Activate on Litecoin With the increasing possibility that Segregated Witness will soon be implemented on Litecoin, more and more people are turning to Litecoin as a testbed for Bitcoin. Segwit, as Segregated Witness is known in short, has fix for malleability that in turn allows Lightning solutions. Lightning network uses smart contracts to make instant payments among a

    Paris Startup Successfully Tests Lightning Network on Litecoin

    | 2017/04/26 12:00 pm
  • Bitcoin wallet provider and security platform Airbitz has released an update allowing users to choose which nodes they connect to. Airbitz: Choice Is Part Of ‘Bitcoin Ethos’ In a post Monday, the company cited “choice” as part of the “Bitcoin ethos” as motivation for letting wallet holders decide the nodes they want to relay transactions with. Our latest release, v 2.4.1, is now out in iOS and Android! https://t.co/uj5wo0hAOq pic.twitter.com/KExIodjODP — Airbitz Inc (@Airbitz) April

    Airbitz New Release Lets Users Choose Their Node Allegiances

    | 2017/04/25 1:00 pm
  • In a troubled economy, more and more Venezuelans are turning to Bitcoin mining despite risk of arrest by police for theft of electricity. Bitcoin as an Exit in Venezuela In 2005, when Randy Brito and his family fled Venezuela, he was only 14. The country’s economy was booming, but many middle class families such as Brito’s chose to leave the country because of widespread nationalizations of private enterprises. Brito moved to Spain with his family and

    Despite Risk of Arrest, Venezuelans are Turning to Bitcoin Mining

    | 2017/04/24 3:00 pm
  • Spells of Genesis (SoG), a blockchain-based mobile game, was released on the Apple App Store and Google Play store yesterday. Spells of Genesis Available in App Stores The blockchain-based fantasy trading card game, Spells of Genesis (SoG), has been added to the Apple App Store and Google Play Store yesterday. This means that cryptocurrency is one step closer to mainstream adoption as anyone with an iOS or Android device can now play this game.   Shaban Shaame,

    Spells of Genesis Game Launches for iPhone & Android

    | 2017/04/21 6:30 am
  • ViaBTC’s latest blog post sheds some light on why the mining pool is opposing the Bitcoin scaling proposal, SegWit. ViaBTC, Bitcoin Core and SegWit ViaBTC just published a blog post in which they explain the reason behind their opposition to SegWit, citing the concerns regarding the complexity of the soft fork, the irreversible damage it may and the introduction of second-tier networks like Lightning Network. The mining pool also mentions Bitcoin Core’s impact on Bitcoin

    ViaBTC Explains Why They Don’t Support SegWit

    | 2017/04/19 12:00 pm
  • Little-known altcoin DigiByte is following Litecoin and Syscoin in making investors rich with impending SegWit activation. DigiByte Celebrates Countdown To Ultimate Pump Metrics highlighted by developers Saturday show the proportion of DigiByte miner support at 72.48% – inching past the 70% activation threshold. “6 more days to go till activation at this rate! Happy Easter everyone!” a Twitter post added. We have hit the 70% activation threshold for #Segwit on #DigiByte! 6 more days to

    Altcoins are Going SegWit for Price Boost of a Lifetime

    | 2017/04/16 1:00 pm
  • National cryptocurrencies will never be able to compete with Bitcoin because no one will trust a system that requires advance permission from and which is controlled by a government to use it.  [Note: This is an op-ed, edited by Allen Scott]  National Cryptocurrencies Will Never Be Global News is just in that the mint of a very important, historic sovereign nation has just hired a company in a separate nation to help it launch its own “Blockchain not

    Why National Cryptocurrencies Will Never Beat Bitcoin

    | 2017/04/14 2:00 pm
  • 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
  • The latest data from Bitcoin remittance app Bitwala reveals a growing trend in Bitcoin adoption among citizens of developing countries. ‘Steep Adoption Rate’ Bitwala, a Bitcoin-based remittance app, shared some user statistics in its blog post yesterday in which we can see that Bitcoin is becoming increasingly popular in certain developing countries. The blog post reveals a “steep adoption rate” in developing countries both from Africa and Asia, the two continents with the highest number of unbanked citizens. Bitwala reveals that,

    Bitwala Sees ‘Steep’ Bitcoin Adoption in Developing Countries

    | 2017/04/13 8:30 am
  • Microsoft is continuing its Blockchain journey by integrating Stampery into Microsoft Office Outlook with cross-compatibility. Office Applications Verify Docs On Bitcoin, Ethereum Stampery, which provides verification of documents against both the Bitcoin and Ethereum blockchains, will be accessible for verifying emails without users leaving Outlook itself. “Stampery provides this functionality today by creating hashes of documents submitted through the web and storing them on the Ethereum and Bitcoin public blockchains. To enable this capability, Stampery provides

    Microsoft Office Can Now Verify Docs on the Bitcoin Blockchain

    | 2017/04/12 10:00 am
  • A new documentary film called The Blockchain and Us was released last week exploring how Blockchain technology can change the world in a meaningful way. Documentary: ‘The Blockchain and Us’ A documentary film dubbed “The Blockchain and Us” by Manuel Stagars has been released last week. The 8-part documentary focuses on what blockchain technology is and the social and economic impact it can have in the world, if its potential is successfully harnessed. The preview description reads: Economist

    ‘The Blockchain and Us’: A New Documentary on Bitcoin Tech Changing the World

    | 2017/04/12 7:00 am
  • The Finance Minister of Russia has revealed state interest in tracking every cryptocurrency transaction ‘just like with bank operations.’ Furthermore, a Bitcoin regulation bill is expected later this year, which could go into effect as early as 2018. ‘The State Needs to Know’ Russian authorities are looking into the possibility of legalizing operations with bitcoin and other cryptocurrencies within the framework of curbing illegal money transfers, Russia’s Finance Minister, Alexey Moiseev told Bloomberg. He continued: The state

    Russia Set to Legalize Bitcoin by 2018, Track Every Transaction

    | 2017/04/11 4:00 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
  • A report by Cambridge University’s CCAF reveals that the number of people using cryptocurrency today has seen significant growth and rivals the population of small countries. Global Cryptocurrency Benchmarking Study The Cambridge Centre for Alternative Finance (CCAF) has recently published a research paper called Global Cryptocurrency Benchmarking Study, which examines several sectors of the global cryptocurrency industry, including exchanges, wallets, payment providers, mining and more. The study was led by Dr.Garrick Hileman, senior research associate

    Cambridge University: Cryptocurrency Use Seeing ‘Significant Growth’

    | 2017/04/08 12:00 pm
  • Bitcoinist spoke with Jon Boroughs of Bitstashers, a provider of metal-etched Bitcoin wallets that are designed to withstand an apocalyptic event unlike a fragile paper wallet. These are also not limited to cold storage as they can also be custom made for colored coin asset addresses as well.  Metal-Etched Bitcoin Wallets Metal wallets are quickly becoming a thing in the crypto space with a few options available such as Cryptosteel and Bitkee, which start at $40 USD. However,

    Bitstashers: Should You Upgrade from a Paper Wallet to Metal?

    | 2017/04/04 6:00 am
  • Kim Dotcom gave the community the first glance at the MegaUpload 2.0 & BitCache project and what it offers users. BnkToTheFuture.com released a video yesterday of Kim Dotcom giving the first demonstration of the MegaUpload 2.0 and Bitcache beta version. Bitcache & Megaupload 2:A first look at encrypted anonymous content delivery with build-in Bitcoin payments. Private. Easy. Safe. Tidy. pic.twitter.com/QHjU5pisGe — Kim Dotcom (@KimDotcom) April 3, 2017 Following the developments involving Internet entrepreneur Kim Dotcom and

    Kim Dotcom Previews MegaUpload 2.0 and BitCache

    | 2017/04/03 3:00 pm