Bitcoin and Altcoins

03/01/2021

Who has bitcoin to sell?

22/06/2019

Bitcoin rose over $10,000 for the first time in over a year, riding a new wave of optimism about the value and future of digital currencies.

The world’s most popular cryptocurrency hit the milestone late Friday. By Saturday morning, it had already climbed above $11,000, according to research site CoinDesk. Bitcoin has more than tripled in value from its low at the end of 2018.

The biggest news in the sector this year has been the unveiling of Libra, a cryptocurrency created by Facebook Inc.Investors have been buying bitcoin on the expectation that Libra is going to bring digital currencies to mainstream users, a goal that so far has eluded bitcoin itself.

“Smart money and institutions have certainly begun to come in,” said John Patrick Mullin, a cryptocurrency investor and blockchain consultant in Hong Kong. He said he has owned bitcoin since 2013, and bought more in late March just as prices started rebounding.

The digital currency’s turnaround this year has offered hope that the worst is over after last year’s steep slump.

When bitcoin first crossed $10,000 in November 2017, it took just 18 days to hit its all-time high of nearly $20,000 before it came crashing down. The latest rebound has come with less hype, and perhaps more hope that the market is showing some signs of maturing.

19/06/2019

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14/05/2018

First Bitcoin Smart Contracts Sidechain Now Secured By 1 in 10 Miners
Alyssa Hertig () | Published on May 14, 2018 at 06:00 UTC | Features, Bitcoin, Technology News

The first bitcoin smart contracts sidechain just reached an early milestone.

To be revealed Monday at CoinDesk's Consensus 2018 conference, RSK, the startup that built the long-anticipated technology, touted as a way to bring ethereum-style smart contracts to the world's largest cryptocurrency, is issuing new details on the number of bitcoin users dedicating computing power to backing the experimental idea.

First launched this past January, the sidechain pegged to bitcoin was admittedly limited in that it's not pegged to bitcoin in a "trustless" way advocates have promised for so long. Rather, anyone who wants to move their bitcoin to the sidechain needs the approval of a 'federation' group of third parties.

Still, the miner support, RSK Labs co-founder Gabriel Kurman contends, is rather impactful as it shows support for a $ heralded as a way to expand bitcoin's functionality.

He told CoinDesk:

"It's a major announcement for bitcoin as a whole. This 10 percent is coming from 80 percent of the total mining pool power."

And, although there's a small fraction of the entire network currently securing the sidechain, about 80 percent of miners have already committed support in the future.

"The hash power percentage is set to increase significantly over the next months," Kurman added.

It makes sense, after all, because the sidechain is designed to be "merged-mined" - a process which allows miners to get transaction fees by contributing their hash power to the sidechain, all while using the same equipment, electricity and power they're already using to mine bitcoin.

"RSK has massive support from the mining ecosystem because it adds a new revenue stream for them," Kurman said.

RSK's lightning
Not only that, but RSK has developed the sidechain to be able to handle more transactions than bitcoin can currently.

The RSK sidechain uses what the company calls "smart bitcoins," a separate version of bitcoin with the smart contract capability, and that allows for improved scalability.

"On RSK you can process smart bitcoins at 100 transactions per second," Kurman said, pointing to the "compression" technology RSK pioneered that decreases the total amount of data that must be stored on the blockchain.

Even with that improvement, though, Kurman is quick to note that that's not nearly enough to bring this technology to the masses, acknowledging that the sidechain still deals with the scalability issues faced by many of today's blockchains. But the team is working towards that.

Taking inspiration from developers working on both bitcoin and ethereum, who have been developing technologies called the lightning network and Raiden network, respectively, RSK has been building a similar technology.

Called "Lumino," the project is what Kurman describes as a "combination" of these two networks so that it can work with RSK's unique sidechains technology.

Kurman said he believes the finishing touches won't take long, telling CoinDesk:

"Before the end of the year, we hope to launch the Lumino network, which will allow for 20,000 transactions per second."

Growing the family
The last announcement from RSK today is that two companies are now joining the "RSK family," Kurman said.

The first is the Inter-American Development Bank, with an Argentinian bitcoin NGO, seeks to promote financial inclusion in Buenos Aires. The NGO has been working to use RSK for the past two years, although Kurman did not elaborate on how exactly the business plans to use the network.

The second company building on top of RSK is the BitGive Foundation, a long-standing bitcoin-focused charity organization that's been used to funnel bitcoin donations to Nepalese citizens affected by a devastating earthquake in 2015, among other initiatives.

Speaking to the BitGive's interest in using the RSK sidechain, Kurman said, "It's a project that allows donors to have transparency using smart contracts."

He added that these new partners display that more and more businesses are starting to see the benefits of bitcoin (and beyond), and as such, are adopting the technology.

09/12/2017

Bitcoin is inevitably the most successful and trending cryptocurrency, which has appreciated by 1500% within a year.

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22/10/2017

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16/09/2017

Amidst the current crackdown on initial coin offerings (ICOs) in China and around the globe, some cryptocurrency fans are holding strong.

International boxing star Floyd Mayweather, for one, posted yet another image on social media citing his allegiance to an ICO yesterday.

15/09/2017

President Donald Trump's push to overhaul the U.S. tax code could include a potential payoff for bitcoin users.

With the president and the Republican Party's sights set on tax reform as a way to send a strong message to voters ahead of the 2018 term elections, it's potentially a good time for a bill easing the tax reporting requirements for cryptocurrency to be included in a final package.

12/09/2017

Cryptocurrency exchange BTC-e is beefing up support ahead of a planned trading relaunch this week.

BTC–e, which began allowing account withdrawals earlier this mont after a crackdown by U.S. authorities, announced today that it would begin accepting English and Russian-language support tickets through a new portal.

In that news update, BTC-e outlined that it would only be responding to certain queries (primarily related to withdrawals and deposits made between July 25 and August ) until it launches its new trading platform on September 15.

08/09/2017

08/09/2017

Good morning guys, hope your night was great.

As I was saying, some people see acquisition of cryptocurrencies as a form of investment. Well, that's cool but it makes more sense when seen as a stock.

This is what I mean. Acquire or purchase at a point in time (preferably at low price) and sell when the price goes up. Simply because the price is definitely gonna go up. Trust me, this happens on a daily basis. Target a downfall and purchase again. There's an app used in monitoring pricing and news (which guides for speculations)

Interesting, right?

05/09/2017

Hello pals, hope your day is on point.

Bitcoin was loosing value over the weekend from $5000 to $4000, which was a very good moment for investors to purchase. However, it's about $4,400 today. Perhaps, it's a good time to sell.

However, price fluctuations is the beauty of trading in the game of cryptocurrencies. Buy when it goes low and sell when it inflates.

Some people.......... (to be continued