• Prominent Bitcoin enthusiast and proposer of ‘duplex micropayment channels,’ Christian Decker, announced on Twitter today that he will be joining the Blockstream team to work on L2 protocols. Decker Joins Blockstream to Work on Lightning Network According to Blockstream’s official blog, Decker was hired on to bring his expertise and talent to the company’s current research on lightning networks. While pursuing this line of work he will be joined by Blockstream developer, Rusty Russell, who has

    Blockstream Welcomes New Members to Their Team, Hires On Christian Decker

    | 2016/08/13 6:06 pm
  • The bitcoin price is flat. Did you expect a major move after bitfinex came back online? Tired of over-trading, having your eyes bleed while staring at charts that don’t move? Take a break and bet the Olympics. Also read: UFC Fight Night 92 Picks Bitcoin Betting Picks for the Olympics Women’s Soccer The Women’s soccer quarterfinals are on Friday. The favorites to win USA had a hard time against Colombia and ended up with a

    Bet on the Olympics with Bitcoin: Rio 2016 Picks

    | 2016/08/11 10:05 pm
  • A new report, commissioned by the Dutch government, shows that online drug markets have grown since 2013 despite an uptick in major crackdowns since that time. Also read: Technical Analysis: Correction Over, Time For Bitcoin Price to Skyrocket Global Drug Dealers Raking in Millions on the Dark Net The report was requested by the Netherlands government to determine how drug markets have fared in the years after Silk Road’s demise. Unfortunately for authorities, the report seems to suggest

    New Research Shows Dark Net Markets Are Growing

    | 2016/08/11 9:32 pm
  • The bitcoin price is beginning a reversal pattern to the $700 level, where a congestion area should reinforce quotes for another climb to $820.  Also read: Coinbase AMA: ‘ETC Was Replay Attacked on Coinbase’ Bitcoin Price Analysis: Get Ready for the Bull Run Long-Term Analysis Now at the $580 support level, prices are starting to form an upward reversal pattern, which will allow pull back to $700, extended to Fibonacci’s technical objective at $820. The

    Technical Analysis: Correction Over, Time For Bitcoin Price to Skyrocket

    | 2016/08/11 6:09 pm
  • The enterprise software company, Chain inc. or “Chain” for short, has announced a partnership with the Initiative for Cryptocurrency and Contracts (IC3). Chain works together with financial companies to help develop blockchain infrastructures for blockchain-based business solutions. Also read: Coinbase AMA: ‘ETC Was Replay Attacked on Coinbase’ .According to Chain’s press release, the partnership between Chain and IC3 underscores Chain’s commitment to creating interoperable software that is scalable across the financial services industry. IC3 is

    Chain Inc. Announces Partnership with the Initiative for Cryptocurrency and Contracts

    | 2016/08/11 5:25 pm
  • In the wake of the DAO hack, which had dire implications for the Ethereum blockchain, multiple exchanges acknowledged the existence of new alternative tokens, Ether Classic, based on the original Ethereum code. Exchanges accepted the new “ETC.” Ultimately, Coinbase worked towards the same. That decision turned out to be costly, as the exchange found itself in the middle of the war between Ethereum and its “Classic” rival. Also read: Silk Road Auction Could Help Bitcoin

    Coinbase AMA: ‘ETC Was Replay Attacked on Coinbase’

    | 2016/08/11 2:09 pm
  • Since our last price piece, bitcoin has gained another two dollars in value and is hovering at around $590 as of press time. While developments surrounding the recent Bitfinex hack may have shaken traders’ confidence in bitcoin, an upcoming Silk Road auction could push the price back over $600. Also read: Is the Bitcoin Price Recovering from the Bitfinex Hack? “Bitcoin price is gradually approaching $600,” one source mentions. “Could advance continue immediately? Possibly, but with a few

    Silk Road Auction Could Help Bitcoin Price Bounce Back

    | 2016/08/11 5:00 am
  • Another Silk Road auction is taking place, Bitfinex is covering its losses, and a new class on Bitcoin is set to begin. Want to catch up on your latest digital currency news? Take a look at the stories below. Also read: Industry Report: News Surrounding Bitfinex Gets Weirder BITFINEX UPDATE Following a massive cyber-hack that took place last week, Hong Kong-based exchange Bitfinex has announced it will cover its losses at the expense of its

    Industry Report: Bitfinex Forces Customers to Pay for Hack Losses

    | 2016/08/10 11:00 pm
  • Answering everything from “Will future Dash wallets be based on Electrum or QT?” to “What happens if Evan Duffield gets hit by a bus?” five Dash contractors — Ryan Taylor, Daniel Diaz, Evan Duffield, Holger Schinzel, and Robert Wiecko — recently gave an hour-long Q&A on DASH: Detailed. Also read: Jaxx to be First Dash Wallet for iOS The full group interview is here: ‘Core’ Team Answers Your Questions The five guests featured in this

    Dash’s ‘Core’ Team Fields User Questions in New Video Interview

    | 2016/08/10 7:50 pm
  • During a hearing in Tacoma, Washington, a US District Court Judge made some critical comments regarding the security of the anonymity software, Tor. Also read: Crooked Silk Road Agent’s Lawyer: Appeal is Frivolous FBI Can Crack Tor “Like Eggshells” US district judge, Robert J. Bryan, made public record some thoughts he had regarding Tor. According to the judge, it was not wise to use the anonymity software as he believes the FBI “can go through

    US District Judge Makes Critical Claims About Tor’s Security

    | 2016/08/08 8:21 pm
  • The former secret service agent, Shaun Bridges, is attempting to appeal his ruling on some dubious legal grounds. So dubious, in fact, that his own lawyer is asking to be removed from the case. Also read: Industry Report: News Surrounding Bitfinex Gets Weirder Bridges’ Lawyer Wants Out According to reports, Bridge’s lawyer has deemed his legal argument as largely worthless, saying that the appeal contains only legally frivolous claims. For those who don’t know, Shaun

    Crooked Silk Road Agent’s Lawyer: Appeal is Frivolous

    | 2016/08/08 6:08 pm
  • News surrounding Bitfinex gets hairier, some warring views surface on bitcoin and its functions, and Colombia’s first digital exchange closes its doors. Want to catch up on the latest digital currency news? Take a look at the stories below. Also read: Industry Report: Bitfinex Sinks the Bitcoin Market BITFINEX Following a $72 million dollar hack that occurred just a few days ago, news surrounding Hong Kong-based bitcoin exchange Bitfinex is getting mysterious. The company’s elusive

    Industry Report: News Surrounding Bitfinex Gets Weirder

    | 2016/08/07 12:00 pm
  • A few days have passed since the infamous Bitfinex hack, and already bitcoin is showing signs of recovery. Since our last price piece, bitcoin seems to have risen by an impressive $17, hovering at around $588 at press time. Also read: Bitfinex Hack to Blame for Massive Bitcoin Price Drop Are Hacks Like Bitfinex the Norm? According to one source, the majority of bitcoin users seem to have largely “shrugged off” the latest hack, despite

    Is the Bitcoin Price Recovering from the Bitfinex Hack?

    | 2016/08/07 5:00 am
  • The decentralized digital content distributor, DECENT, is getting ready to launch its ICO in September. People can already participate in the ICO, though, through the project’s bounty system. Also read: Bet on MMA with Bitcoin: UFC Fight Night 21 DECENT ICO and the Bounty System According to Matej Budo, the ICO will begin September 10th, but for now, people can engage in bounties to participate in the pre-ICO campaign that allows people to earn DECENT

    DECENT Bounty System Allows Users to Earn Coin before ICO Launch

    | 2016/08/06 5:00 am
  • Svante Lehtinen sat down with Bitcoinist to talk about the proposed HEAT ledger. Billed as a ‘blockchain 3.0 technology,’ The project claims to improve upon current blockchain technologies by dramatically improving transaction speeds through a synthesis of proof-of-stake and proof-of-work. Lehtinen is the project leader of HEAT and an experienced entrepreneur of 20 years. He is also the founder of the 2.0 cryptocurrency, FIMK, and the COB of the nonprofit Krypto Fin ry association. Also

    Blockchain 3.0 Technology: Project Leader on the New HEAT Ledger

    | 2016/08/04 12:38 pm
  • Bitfinex gets hacked, the first feature film funded via cryptocurrency is announced, and bitcoin and cannabis seek to join hands. Want to catch up on the latest digital currency news? Take a look below. Also read: Industry Report: No Bitcoin Crime Goes Unpunished BITFINEX The bitcoin price has undergone a massive drop following a cyber-attack on Hong Kong-based bitcoin exchange Bitfinex, which has resulted in nearly $70 million stolen from users’ accounts. Blockchain security company BitGo

    Industry Report: Bitfinex Sinks the Bitcoin Market

    | 2016/08/04 12:00 pm
  • The best way to bet on sports online is with bitcoin. Many traditional online sportsbooks now accept bitcoin and also offer deposit bonuses for using the currency. You can also use the “pure” bitcoin sportsbooks that provide the quickest deposits and withdraws in the industry. The number of sports bettors and sportsbooks using bitcoin increases every day, giving bettors more options.  Also read: Bet on MMA with Bitcoin: UFC 201 Betting Picks UFC Fight Night

    Bet on MMA with Bitcoin: UFC Fight Night 92

    | 2016/08/03 8:30 pm
  • On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result. Additionally, BitGo has commented on the event. Also read: Indacoin: Buying Bitcoin, Litecoin with a Credit Card The Breach of Bitfinex Bitfinex itself confirmed the hack in a press release earlier today, saying they have halted all trading on the platform. Additionally, all deposits to and withdrawals from Bitfinex have been

    Bitfinex Hacked, Bitcoin Confirmed Stolen

    | 2016/08/02 5:06 pm
  • Indacoin is an exchange service that allows users to buy bitcoin and litecoin with debit or credit cards. With customers across the world, in areas such as the US, Canada, Europe and the CIS region, this platform aims to make bitcoin more accessible to the average person. Disclaimer: This article was sponsored by Indacoin. Bitcoinist is not responsible for this firm’s products and/or services. How Indacoin Works  To use the service, customers enter a credit

    Indacoin: Buying Bitcoin, Litecoin with a Credit Card

    | 2016/08/02 4:09 pm
  • Biometrics is a new and effective trend in the security industry. HYPR deploys biometrics in financial applications, but also adds the benefits of decentralized technology to enable enterprises to eliminate passwords and replace them with biometrics. Also read: Technical Analysis: Weekend Bitcoin Price Drop Explained HYPR: Biometrics Decentralized The blockchain biometrics firm, which has worked with Fortune 500 and Global 2000 firms on proof-of-concepts, Rather than storing fingerprints, facial features, iris images, or voice patterns,

    The Future of IoT: Blockchain Biometrics with HYPR

    | 2016/08/02 12:00 pm
  • Litecoin users with iOS devices finally have a server-free SPV wallet to call their own, with the release of LoafWallet on the App Store. Also read: Move Over Pokémon: AR Game ‘Takara’ Gives Players Real Money Although Android users have used the standard Litecoin Wallet app for years, there has never been a widely-used mobile option for iOS. Hive wallet supported LTC sending and receiving, but required central servers. LoafWallet is based on the popular Bread Wallet for

    LoafWallet Is the First Server-Free Litecoin Wallet for iOS

    | 2016/08/02 5:00 am
  • At 4:20pm Denver time CCC is announcing the Crypto Cannabis Conference (CCC) 2016 is hosting its second annual event in Denver, Colorado on October 21-22, 2016. The conference is special in that it works to connect the cannabis and cryptocurrency industries. While Marijuana laws have been changing at the state level, with almost half of the United States adopting medical use statutes, the plant remains illegal at the federal level. Conflicting laws have made it difficult for

    Crypto Cannabis Conference 2016 to Examine Bitcoin, Legalization

    | 2016/08/01 5:20 pm
  • Bitcoin is falling down to end its current cycle, which will happen when prices drop to the technical reversal level. Also read: Industry Report: No Bitcoin Crime Goes Unpunished  Where Did the Weekend’s Bitcoin Price Drop Come From? Long-Term Analysis Prices have started the dive to $600 and $580 after a large lateral sideways lateral movement that ended the first technical cycle. To start a new cycle, quotes must reach former broken resistances, which become

    Technical Analysis: Weekend Bitcoin Price Drop Explained

    | 2016/08/01 5:15 am