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A selection of the latest Bitcoin news and blog posts.
Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets hard all around the world.
Don't fear a 'robot apocalypse' - tomorrow's digital jobs will be more satisfying and higher-paid If you're concerned that automation and artificial intelligence are going to disrupt the economy over the next decade, join the club. But while policymakers and academics agree there'll be significant disruption, they differ about its impact.
Traders Fleeing from Bears, Bitcoin Open Interest Shrinks 7% at BitMex The total number of Bitcoin open interest at leading derivatives trading platforms including BitMex is dropping. It is now at $1.37 billion at the time of going to press. With this, it is likely that traders are exiting their longs position, possibly for stable coins like the USDT or fiat.
SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin Securities and Exchange Commission has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be "the next generation of bitcoin." Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen, or B2G, for marketing its token offering, such as on Twitter and Facebook.
Bitcoin Price Holds $8.5K Support as Coronavirus Fears Tank Global Markets Today Bitcoin bulls found their resolve and are attempting to reverse the digital asset's course even as equities markets across the globe continue to drop on the realization that Coronavirus is a real threat that will stay with us for some time.
Bitstamp Announces Full Support of New Bech32 Bitcoin Addresses As of today, Thursday, February 27th, 2020, Bitstamp has just announced that they've upgraded to full native SegWit support on their exchange. This means Bitstamp users will now be able to create wallet addresses for depositing cryptocurrency by using the new Bech32 address format.
Coronavirus Hits US Stocks, Bitcoin Climbs, Haven Status Unclear The spreading coronavirus sowed a new bout of fear among investors, triggering a stock market sell-off and flight to safe-haven assets like gold and U.S. Treasury bonds.
Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second. The Antminer S19 Pro model with 110TH/s and 29 joules per terahash is 24 trillion hashes per second faster than Microbt's latest Whatsminer M30S model.
Bitcoin Price Spirals To $8,500: Have The Bulls Been Completely Ousted? Bitcoin bulls lose their mojo further as price dives under $9,000 to touch $8,530. The US SEC rejects the Wilshire Phoenix BTC ETF proposal citing a lack of proof that the Bitcoin market cannot be…
How Much $100 of Bitcoin Could Be Worth When the Last Coin is Mined Everybody knows that one day Bitcoin mining will eventually cease, and the last coin will be mined. The date for this is expected to be around the year 2140. So what could an investment of $100 now be worth in 120 years time? To estimate the price of Bitcoin well into the future we need to take a look at growth models for the cryptocurrency.
Bitcoin Sits Below $9k as Coronavirus Stifles Global Supply Many fear that the coronavirus could cause 'supply shocks' and a possible recession. Bitcoin would likely fall further if this plays out.
Ether Futures Volume on FTX Hit Record Highs Hong Kong-based crypto derivatives exchange FTX saw record volumes in ether futures on Wednesday amid a sell-off in the cryptocurrency’s price.
Bitcoin Set For Bounce To $9,500 As Market Bulls Make Comeback The market after a week of plunging has today its revived bullish sentiment. In the last few days, the market plunge saw the total market cap fall from highs of $300B to the set support of $250B. This as the top coin, with over 60% of the dominance dropped from highs of $9,800 to $8,800.
Roger Ver: Prison Made Me a Bitcoin Believer In a Cointelegraph exclusive interview, Roger Ver bears it all ‒ how his prison experience made him see Bitcoin's potential, why Bitcoin Cash is better than Bitcoin, and why he believes Bitcoin Cash will appreciate 1,000-fold.
A 101 Guide to Ethereum's ProgPOW Controversy This time we breakdown why the ProgPoW debate is really about process, power, and the threat contentious hard forks pose to DeFi.
How Texas's wind boom has spawned a Bitcoin mining rush Not only are the top hardware manufacturers located there, but cheap electricity is available in certain areas, often in the form of coal or hydropower. Texas's own cheap electricity is largely thanks to an abundance of natural gas and a boom in the development of wind power over the past decade.
Onboarding thousands of users with React Native In mid-2019, we committed to rewriting Coinbase's core mobile sign-up with React Native. This decision was motivated by a few observations:. So far, the project has been a success, increasing our team's velocity and enabling us to share the sign-up flow across products and platforms.
Crypto Today: Bitcoin troubles still linger underneath $9000 BTC/USD is currently trading at $8911, the price has stabilized but remains vulnerable underneath $9000. ETH/USD is currently trading at $235, a near-term pick up after the recent bout of selling pressure, however, the strong resistance should be noted at $250.
Draper-Backed Exchange in Lockdown Following 'Sophisticated' Attack Coinhako has restricted user accounts since last Friday following an "attack," but has not released many details around the incident.
How Much Bitcoin You'd Get If All 21 Million Were Distributed Worldwide It is not a secret that Bitcoin is one of the scarcest assets out there. But have you wondered how rare the largest cryptocurrency really is? Imagine if a new global regime would rise out of nowhere to rule the world through a UN-like body and decided that everyone should be equal.
Court Rejects Ripple's Appeal for Dismissal of Lawsuit, XRP Stays in Securities Crosshairs In the hearing of the appeal for dismissal of the lawsuit against Ripple, the District Judge in California has ruled in favor of the plaintiffs. Vladi Zakinov's filled the consolidated class action lawsuit with Bradley Sostack identified as the lead plaintiff, last year in August 2019.
Shark Tank's Robert Herjavec Says Bitcoin's Price Will 'Quantuple' Long-Term Shark Tank co-host Robert Herjavec sees long-term potential for Bitcoin, saying the asset is currently worth a fraction of its future value.
Blockstack anchors to Bitcoin network with new mining algorithm It uses the proof-of-work cryptocurrency of an established blockchain to secure a new blockchain. However, unlike proof-of-burn, rather than burning cryptocurrency, miners transfer the committed cryptocurrency to other participant in the network.
Kyber Network is now available on Coinbase Starting today, Coinbase supports Kyber Network at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store KNC. KNC will be available for customers in all Coinbase-supported regions, with the exception of New York State and the United Kingdom.
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