Friday , 20 October 2017

News

Roger Ver: ‘Bitcoin Cash is Bitcoin’

Roger Ver and Calvin Ayre, strong proponents of Bitcoin cash, have recently announced a plan to use their influence and considerable wealth to rebrand bitcoin cash as “bitcoin”. Ver, an early bitcoin investor, has incurred the ire of much of the bitcoin community over the past several years, primarily due to his repeated support for contentious hard forks associated with …

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Ethereum’s new software isn’t stable yet

Ethereum’s fork may have executed earlier this week, but that doesn’t mean developers are ready to call the software transition complete. One of the biggest-ever changes to the world’s second-largest blockchain, ethereum’s hard fork was a risky and complex process. To transition successfully, all nodes (the computers that run the software) were required to universally install upgrades – a transition …

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Bitcoin fork SegWit2x has got the collective “opposition”

With the approach of the hard fork, the discussions are heated and an increasing number of its opponents are actively expressing their position. Thus a group of Latin American Bitcoin businesses and entities has issued a joint letter expressing “deepest concerns” over SegWit2x. The letter, signed by around 50 supporters from the Brazilian and Argentinian Bitcoin space, went live on …

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Chinese traders continue investments in Bitcoin

The Bitcoin price achieved a new all-time high at $5,920 last week, moving closer to the $6,000 region. Analysts including billionaire hedge fund investor Mike Novogratz predicted the Bitcoin price to surge even further in the mid-term, as an increasing number of institutional investors engage in cryptocurrency and Bitcoin trading. During this recent rally local Chinese traders have invested in …

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Australia’s Bitcoin Regulation Bill Gets the Green Light

Australian authorities are making progress with revisions to the AML/CTF bill which will include bitcoin exchanges under the scope of Australian legislation for the first time. The Australian Parliament published [report] newly updated provisions today, part of a wider reform of the government’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. In it, the Senate Legal and Constitutional Affairs Legislation Committee …

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Ethereum has officially updated

At 05.22 UTC, the fifth hard fork to occur on ethereum, the second largest cryptocurrency by market cap, enacted a batch of ethereum improvement protocols (EIPs) designed to improve the platform. The Byzantium upgrade is part of the much larger Metropolis protocol designed to make the blockchain lighter and more efficient. It was first introduced in the ethereum roadmap in …

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Cryptoruble: soon

Minister of Communications and Mass Media Nikolai Nikiforov said that after the meeting on crypto-currencies of the Russian president, it was decided to issue a national crypto currency – a cryptor. This will not lead to the legalization of other crypto-currencies, so the cryptorubles can not be mined. The development of the project will use Russian cryptography, as a result …

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Woo’s Law: Bitcoin Users Double Every 12 Months

Willy Woo, a highly regarded Bitcoin and cryptocurrency researcher, recently revealed that the number of Bitcoin users approximately doubles every 12 months. Utilizing Google Trends as one of the main indicators of Bitcoin user growth, Woo formed the following infographic to demonstrate the exponential growth rate of the Bitcoin userbase. More importantly, Woo emphasized that through a steady growth rate …

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Ethereum Price Surpasses $340 for the First Time since August

Earlier today, on October 13, the price of Ether, the native cryptocurrency of Ethereum, surpassed the $340 mark for the first time since August 31. In August, Cryptocoinsnews reported the price of Ether was moving closer to the $400 region, with upward momentum supported by optimism around the South Korean and Chinese cryptocurrency markets. But, upon the Chinese government’s nationwide …

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Lightning Network Desktop App is now available for testing

Lightning Network developers released a testnet desktop application today for Lnd. The blog post said, “Today, we’re thrilled to be releasing a new cross-platform demo Desktop App for Lnd. The release of this new demo wallet kicks-off a two-week “testing blitz” during which we hope Lightning users with a technical inclination can start testing the wallet, giving feedback, filing bugs, …

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