• 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
  • 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
  • IBM (International Business Machines) has announced that they have been chosen by the Digital Trade Chain Consortium – 7 of the largest banks in Europe – in order build a Blockchain-based trading platform for small to medium sized businesses. The banks who formed a “blockchain consortium” are Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Societe Generale, and Unicredit. They had previously announced in January that they were collaborating on a blockchain project. IBM has now won the bid

    IBM Lands Major Blockchain Deal With 7 Big European Banks

    | 2017/06/29 6:00 am
  • British multinational bank Barclays has confirmed they have been in talks with UK financial regulators, the Financial Conduct Authority (FCA), to see how they can “bring Bitcoin into play.” Consulting Regulators and Fintech Firms Speaking with CNBC, the bank’s UK chief executive, Ashok Vaswani, confirmed that the company had been in talks with both regulators and fintech firms in order to determine how the bank can safely bring cryptocurrencies to their customers. While the conversation with

    Barclays Bank Confirms Talks With Regulators to ‘Bring Bitcoin Into Play’

    | 2017/06/26 1:30 pm
  • 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
  • Japanese authorities are looking into using Bitcoin’s blockchain technology to better manage their property and real estate records. State of Bitcoin in Japan Since the MT.GOX hacking incident, the Japanese government has carefully tried to properly regulate the bitcoin trading market in the whole country. In April 2017, the Japanese government passed a ‘Bitcoin Regulation Law’, which forced all bitcoin exchanges in Japan to properly implement know-your-customer (KYC) and anti-money laundering (AML) mandates. In addition, the passed law

    Japan to Trial Blockchain Technology for Real Estate Records

    | 2017/06/22 10:00 am
  • 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
  • I’ve finally decided to check out the Trezor, the original Bitcoin hardware wallet, to see why it’s a favorite among cryptocurrency users and how it compares to its main rivals, namely the Ledger Nano S and KeepKey. Trezor: Nothing Beats the Original? The Trezor hardware wallet is a perennial favorite among Bitcoin and cryptocurrency users. Released a few years ago, it was the first of its kind, combining user-friendliness and advanced security in handling Bitcoin private

    Battle of the Bitcoin Hardware Wallets: Trezor, KeepKey or Ledger Nano S?

    | 2017/06/20 7:01 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
  • Telecommunications giant AT&T was recently awarded a patent for a Bitcoin-based “Decentralized and distributed secure home subscriber server device.” AT&T’s Bitcoin-Based Subscriber Server In the midst of the current Bitcoin frenzy, where regular users and traditional investors are looking at it as a safe haven investment or a cheaper payment method, some companies are realizing the value in its underlying technology and the applications that can be built on it. This is the case with telecommunications

    AT&T Patents Bitcoin-Based Subscriber Server

    | 2017/06/08 8:00 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
  • 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