• 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
  • 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
  • The latest turn for the Bitcoin scaling debate has seen rumors abound of potential support for changing the virtual currency’s proof-of-work (PoW) algorithm. PoW Algorithm Change: ‘Doable’ or ‘Reckless’? A flurry of social media activity Monday accompanied confusion as to which parties from Bitcoin Core supported the concept, which would place mining back in the hands of small-scale individuals. “A soft fork change of Bitcoin’s proof of work algorithm is entirely doable,” Bittorrent creator Bram

    Reckless or Doable? Bitcoin Algorithm Change Sparks Backlash

    | 2017/03/21 6:00 am
  • Mobi wallet allows users to seamlessly send, receive, store, and exchange +100 currencies while enabling users to spend Bitcoin and withdraw it for cash. Could this be the killer app for Bitcoin? BTCC Launches Mobi BTCC, the leading Bitcoin exchange in China, has announced today the launch of Mobi, a Multicurrency Bitcoin Wallet. Through the addition of multiple features like sending via twitter or mobile number and the possibility to convert from and to over

    2.3 Billion People Can Now Send Bitcoin With Phone & Twitter

    | 2017/03/20 10:19 am
  • Running a Bitcoin full node isn’t just for mining pools and companies. Today, we’re going to outline 6 reasons why the average user should also consider running their own Bitcoin full node. To Node or Not to Node? With current events pointing towards a possible change in the Bitcoin consensus rules, it is important to remind users that, now more than ever, there are multiple advantages to running a Bitcoin full node. It is advisable that users

    6 Reasons to Run a Bitcoin Full Node

    | 2017/03/18 8:00 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
  • Over 50 of the world’s biggest banks are currently studying one of Bitcoin’s key components – the Blockchain. But it’s becoming increasingly evident that the idea of banks building their own blockchains is like the futile attempt of building your own internet.  [Note: This is an Op-Ed] ‘Can’t We Be in the Headlines on Blockchain?’ When a bank says they’re working on their own blockchain platform are they actually saying “let’s build our own internet?” And

    Banks Don’t Need Their Own ‘Vanity Project’ Blockchains

    | 2017/03/16 11:00 am
  • As attackers exploited a bug that crashed 50% of Bitcoin Unlimited nodes Tuesday, the industry reacted saying its developers had a lucky financial escape. BU ‘Vulnerability’ Bug The attack occurred around half an hour after Bitcoin Unlimited was uploaded to Github, with nodes completely shutting down to the point where over half the network was no longer operating. As BU’s main proponent Roger Ver tried to salvage the situation, users reacted harshly, Ver having only a

    BU Critical Bug ‘Damage Would Have Been in the Millions’ During Fork

    | 2017/03/15 5:00 am
  • 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
  • Roger Ver has launched a Bitcoin mining pool from his own Bitcoin.com brand which offers miners a 110% block reward. 10% Premium for Mining Bitcoin Unlimited The entrepreneur and staunch Bitcoin Unlimited supporter unveiled the Bitcoin.com Mining Pool on Twitter Monday. Get more cash for your hash on the world's highest paying mining pool. NOW OPEN TO THE PUBLIC! https://t.co/8IbNun01Cf pic.twitter.com/n62O0odEZZ — Roger Ver (@rogerkver) March 7, 2017 Described as “the world’s highest paying mining pool,”

    Roger Ver Will Reward Miners 110% for Supporting Bitcoin Unlimited

    | 2017/03/07 3:00 am
  • Northern Trust and IBM have released what is being called the first commercially deployed blockchain-based solution for finance. But is blockchain the right word for this platform? ‘First Commercially Deployed Blockchain’ The trend towards “chainwashing” is growing with companies using the Blockchain buzzword as a means to get attention and funding. Although companies are attempting to build functional applications using distributed ledger technology, they often come as solutions to nonexistent problems. Such might be the

    Database? First Commercial IBM ‘Blockchain’ Touts 4 Nodes, Immutability

    | 2017/02/23 9:30 am
  • Bitcoin privacy may be reduced with the launch of QLUE alongside other deanonymization tools used to trace Bitcoin transactions and reveal user identities. QLUE for Law Enforcement on ‘Financial Crimes’ Although Bitcoin is known for being used in criminal activities like the sale of illicit items on the deep web, its pseudonymous nature makes it less than optimal for cyber criminals. But the misconception that Bitcoin is untraceable is a common one and it’s often still referred to as

    QLUE Wants to Unmask Bitcoin Users Committing ‘Financial Crimes’

    | 2017/02/21 11:00 am
  • After buying up digital currency transfer company PayCash, Daimler has signaled it may use digital currency to build up its presence in Africa. Daimler: ‘Clear Signal Of Further African Growth’ The continent is providing huge demand for transport networks, yet businesses are continually faced with financing problems, the vehicle giant told industry magazine Autconomy this week. “We are already present in over 30 marketplaces in Africa and are still expanding both our product range and

    Daimler May Use Bitcoin to Finance Africa’s Transport Demands

    | 2017/02/18 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
  • Chainwashing is the perfect term, coined by R3’s Tim Swanson to describe the current “Blockchain, not Bitcoin” hype that is hopefully nearing its peak.  Peak Blockchain Hype? There is a lot of hype around Blockchain or Distributed Ledger Technology (DLT) today. According to a new survey by Synechron among 200 financial services business and IT decision-makers across the US, UK and Europe, over two-thirds (67%) of companies in the industry are actively pursuing blockchain initiatives. Moreover, 94%, believe that key leaders

    97% of Blockchain Startups are ‘Chainwashing’ – R3’s Tim Swanson

    | 2017/02/15 12:00 pm
  • After switching from a paper wallet to the Ledger Nano S, I decided to try out the sleek-looking KeepKey that also supports ethereum, litecoin, dogecoin, dash, and namecoin. KeepKey Hardware Wallet Review After recently switching from a paper wallet to a Ledger Nano S ($65 USD), which I have been enjoying very much so far, I was really looking forward to checking out the KeepKey ($99 USD) to see what it has to offer.  (You can check out my

    KeepKey Hardware Wallet Review: Better Than a Ledger Nano S?

    | 2017/02/13 3:00 pm
  • 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
  • The Segregated Witness (SegWit) update has received lukewarm support thus far since it was announced on Litecoin on January 28th. Beyond Bitcoin: ‘Testbed’ for SegWit After Bitcoin, the SegWit scaling update has now been introduced to Litecoin along with some other cryptocurrencies including Vertcoin, Groestlcoin, and Viacoin. Right now, Litecoin miners are in the process of voting on the update. Currently at 3%, support is lower than it is in Bitcoin, which rapidly climbed up to 22% in its first two weeks. The vote has

    Litecoin: SegWit ‘Testbed’ at Risk as Bitcoin Politics Spread

    | 2017/02/08 8:00 am