• Anonymous VPN service TorGuard has become one of the first consumer businesses to accept Lightning Network (LN) payments for Bitcoin. ‘Testnet Is So Boring’ In messages on Twitter staff since appeared to back up privately, TorGuard confirmed users can now pay for its services in Bitcoin using Lightning, significantly reducing transaction times and fees. The news makes the company a pioneer of Bitcoin mainnet LN payments after the technology debuted as a testnet interface last

    Bitcoin Fees Near-Zero as Company Launches Mainnet Lightning Payments

    | 2018/01/10 6:00 am
  • There have been a handful of forks from the main Bitcoin Network over the past few months, and that seems to be continuing into the new year. Bitcoin Interest plans to fork at block 505083, on January 22, 2018. Bitcoin Forks Bitcoin Interest is the recently announced fork of the Bitcoin network, including full replay protection. They’re planning on changing a few things, but keeping more of the protocol together. For those of you who

    Bitcoin Interest Fork Slated for End of January

    | 2017/12/30 9:00 pm
  • The Schnorr signatures algorithm promises to help to address one of the most pressing problems affecting Bitcoin today: scalability. Additionally, Schnorr signatures could help protect Bitcoin from certain types of spam attacks. Schnorr Signatures Could Solve Bitcoin’s Scalability Problem An array of new technologies and schemes are being proposed that could help address Bitcoin’s scalability problem, such as Segwit, Lightning Network, and Schnorr signatures. For example, many view the Schnorr signatures algorithm as a simple

    Schnorr Signatures Might Be Bitcoin’s Next Step Forward

    | 2017/12/29 11:00 pm
  • The New York Agreement, also known as Segwit2x, was planned for mid-November but was canceled in the weeks leading up. But just recently, the fork is set to launch again. The Resurrection The announcement was made on December 16th, with the fork date set for December 28th. Some Segwit2x futures markets are still live on some exchanges, and this attempts to finish the project that was started. HitBTC and YoBit are already supporting the fork,

    Back from the Dead – Segwit2x Fork Announced for Later This Week

    | 2017/12/27 4:30 am
  • Bitcoinist spoke with Bitcoin Core developer Nicolas Dorier who explains why BTCPay is not only a cheaper alternative to BitPay but also provides merchants and users with more control over their funds. What is BTCPay? BTCPay Server is an open-source payment processor that conforms to the invoice API of Bitpay. This allows easy migration of your code base to your own self-hosted payment processor. According to BTCPay, the service would be a good choice for

    BTCPay is a Better (and Cheaper) BitPay, Says Core Developer Nicolas Dorier

    | 2017/12/27 12:30 am
  • Lightning Network transactions have successfully deployed on Bitcoin’s mainnet, marking the first step in a tech upgrade, which will likely transform user experience.  Lightning Hits Bitcoin Mainnet As cryptocurrency trader and commentator Vortex noted on Christmas Day, Lightning’s RC1 has had a tentative release and “mainnet (transactions) have been completed.” The Lightning Network is perhaps the most hotly-awaited so-called ‘layer two’ upgrade for the Bitcoin network. Once active, users will be able to send BTC

    Lightning Network RC1 Release ‘Completes Bitcoin Mainnet Transactions’

    | 2017/12/26 12:30 pm
  • Although Bitcoin has managed to gain credibility and legitimacy in the financial world, skyrocketing transaction fees and long transaction times are becoming an increasingly severe handicap. The good news is that developers are making progress towards the Bitcoin Lightning Network (LN) implementation. LN promises to reduce Bitcoin’s transaction fees dramatically, and achieve near-instant transactions. You can test a Bitcoin LN transaction right now. Lightning Network Promises to Reduce Transaction Costs and Confirmation Delays Bitcoin users

    Bitcoin Lightning Network Is Coming: Test a Transaction Now

    | 2017/12/20 1:15 pm
  • There has been a lot of talk in the news recently about how much energy Bitcoin mining uses and its potential impact on the environment. Today we explore just how much energy Bitcoin mining really uses and 5 possible ways to reduce or offset its power consumption. In 2011, Google revealed that it used enough energy from fossil fuels to continuously power 200,000 homes, which is about one quarter the output of a nuclear power

    5 Ways to Solve the Bitcoin Mining Energy Crisis

    | 2017/12/11 7:45 pm
  • The Lightning Network has been years in the making, with the original whitepaper being published in January 2016. Finally, the top independent development teams have announced that their implementations have completed the first tests on the main Bitcoin network. The Proof of Concept We’ve Been Waiting For The three teams currently working on independent Lightning Network implementations have announced that their respective systems have completed payments on the main bitcoin network. Along with this, its

    Lightning Network Passes Bitcoin Mainnet Testing, One More Step Towards Completion

    | 2017/12/09 1:00 am
  • Gameflip, the marketplace where users can buy and sell digital goods, has launched their ICO, allowing early investors to earn bonus FLIP tokens. The Gameflip ICO began on Dec 4th and will be running until Jan 29th.  The ICO will be selling FLIP tokens, aiming to use them to add liquidity, transparency, and security to create an efficient marketplace for the buying and selling of digital goods. The ICO has a targeted goal of 15,000

    Gameflip to Launch FLIP Tokens For Buying and Selling Digital Game Goods

    | 2017/12/08 5:30 am
  • With Bitcoin prices smashing through one milestone after another and mainstream financial institutions like CME Group, CBOE, and Nasdaq preparing to offer Bitcoin futures trading, you would think that investors would be beating down the doors to get in on the action. While many investors are rushing to jump on the Bitcoin bandwagon, just as many are shying away from the digital currency. All of a sudden, or so it seems, Bitcoin hype is everywhere.

    Ten Reasons Why Bitcoin Is Still Scaring Investors Away

    | 2017/12/06 11:15 pm
  • Bitcoin miners living in colder climates can save money on their heating bills by using the heat generated from bitcoin mining to warm their homes. The average American household uses 901 KWh per month or a little over 10,800 KWh per year. In comparison, Digiconomist puts Bitcoin’s current estimated annual energy consumption at 31.6 TWh – a 25% increase since early November – which works out to roughly 86.5 million KWh per day. At 300,000

    Stay Warm This Winter and Profit – Using Bitcoin Mining to Heat Your Home for Free

    | 2017/12/05 11:30 pm
  • Many hackers and scammers are currently targeting individuals and companies that have cryptocurrencies on their systems. One of the most secure methods to store digital currencies is a hardware wallet. But most of the hardware wallets do not support usage for blind people – until now. Securing your Bitcoins More and more people are becoming victims of sophisticated hacking attacks that are mainly targeting their cryptocurrencies. There are many different ways in which users can store

    Creating the World’s First Bitcoin Wallet for the Blind

    | 2017/11/25 2:30 pm
  • North Korea may be a very closed-off and isolated country, but that doesn’t mean that isn’t open to foreign technology such as Bitcoin and Blockchain. North Korea and Bitcoin North Korea may be one of the most isolated countries on the globe but it is still trying to technologically adapt and compete with other nations. The country is currently under heavy sanctions from the United States and the European Union for conducting nuclear missiles tests and

    Meet the Guy Who Teaches North Korean Students How to Use Bitcoin

    | 2017/11/24 10:30 am
  • SportyFi announces that an alpha version of the blockchain-based, sports ecosystem platform is now available for internal testing and that a public version will be out by the end of the year. [Note: This is a sponsored article.] It takes a lot of hard work to turn a dream into a reality, which is something that every young athlete is aware of. Of course, they also face significant financial hurdles as well as training, equipment,

    Alpha Version of SportyFi Now Undergoing Internal Testing

    | 2017/11/21 5:15 pm
  • BitPay CEO Tony Gallippi has received widespread condemnation after complaining non-SegWit Bitcoin fees were too high. Newbery: Customers Should Vote With Their Feet In a series of tweets, Gallippi, whose payment provider is yet to implement SegWit, implied Bitcoin was unspendable by over half of wallets. He had used a fee estimate “20x too high,” responses then retorted, with engineer John Newbery pointing out that fees for three previous blocks were 22 satoshis/ byte or

    SegWit, Tony? BitPay CEO’s Fee Estimates ’20x Too High’

    | 2017/11/17 6:00 am
  • Bram Cohen, creator of the famous but faltering BitTorrent, has announced he is a step closer to “solving Bitcoin’s centralization.” Cohen: Chia Has Had ‘Very Hot’ Seed Investment Speaking to technology industry magazine TechCrunch, Cohen said the Chia Network, his long-hinted Bitcoin alternative, could launch by late 2018. Some coverage of my new venture https://t.co/tCER6YKn5R — Bram Cohen (@bramcohen) November 8, 2017 A “very hot” seed investment round has enabled the project to get off

    BitTorrent Creator Looks To Launch Bitcoin Rival Chia in 2018

    | 2017/11/10 3:00 am
  • Blockchain, cryptocurrency and smart contracts pioneer Nick Szabo has become the latest high-profile figure to declare his opposition to SegWit2x. Nick ‘No2X’ Szabo Highlights Lack of Replay Protection In typically understated fashion, Szabo added the increasingly widespread [No2X] label to his Twitter profile this week. Looks like @NickSzabo4 has added the #NO2X tag to his twitter name :) Thanks Nick for showing people the way! — Vortex [#NO2X] (@theonevortex) November 8, 2017 As one of

    Bitcoin Pioneer Nick Szabo Declares Opposition to SegWit2x

    | 2017/11/08 4:07 am
  • The Mule Tools code collection on Github is set to develop new ways to transact Bitcoin including via Fax, Morse Code, and chat applications. Developed tools stand to be incorporated into the Samourai wallet. Inspired by the blockstream satellite and Nick Szabo’s thoughts on the physical transportation of data, Mule Tools is aiming to be a clearinghouse of code enabling alternative methods of broadcasting Bitcoin transactions. What all this means is that using a fax

    Send Bitcoin By Fax? Morse Code? SMS? Chat? It Could Soon Be a Reality Thanks to Mule Tools

    | 2017/10/26 3:45 pm
  • Nvidia’s participation in the cryptocurrency industry is paying big dividends. In effect, fueled by Bitcoin’s impressive surge, Nvidia stock price continues to soar. Bitcoin and Other Cryptocurrencies Are Here to Stay On October 10, 2017, Nvidia’s stock value reached an all-time high: $192.92 USD per share. In parallel, Bitcoin’s value soared to $4,800 USD per coin. This bullish drive demonstrates that Nvidia continues to profit from producing devices used in cryptocurrency mining, artificial intelligence, driverless

    Bitcoin Boom is Fueling Nvidia’s Stock Price to All-Time Highs

    | 2017/10/10 11:30 am
  • JP Morgan reveals they are looking for a “Technical Project Execution Manager – (Blockchain) Distributed Ledger Technology” despite a very recent vehement attack on Bitcoin, which originated the very blockchain technology the financial services giant seeks to adopt.   In a move that many are finding ironic, if not downright hypocritical, JP Morgan is on the hunt for an experienced blockchain technician. The job posting comes just days after CEO Jamie Dimon called Bitcoin “a

    Mixed Messages Fly as JP Morgan Posts Job Ad for Blockchain Technician

    | 2017/09/18 12:45 pm
  • US based Security researcher FireEye claim that the rising price of Bitcoin in tandem with the increasing international sanctions imposed upon North Korea have lead the rogue country to seek Bitcoin hack attacks as an alternate, low cost way of helping finance the state.   FireEye make the claims in a report published Monday on their website, stating that they have been observing actors they believe to be North Korean of origin. These actors have

    North Korea Suspected of Hacking South’s Bitcoin Exchanges

    | 2017/09/13 3:00 am
  • The daddy of all cryptocurrencies gained a surprising defender in its case for mainstream validity this week. The US Department of Homeland Security described it as “a lot more legitimate than people give it credit for”, as reported by CNBC. It’s just used by criminals isn’t it? So the scare-mongering tactics of certain elements of the press would have the uninformed believe. One of the most frequent arguments heard against bitcoin is that its “untraceable” nature attracts

    The Bitcoin ‘It’s Not Actually All That Good for Crime’ Shocker!

    | 2017/09/01 4:00 am