Browsing Category : Bitcoin

Bitcoin Cash Fork Leaves Users Behind, But Does It Matter?


Bitcoin cash now has 32 MB blocks and smart contracts. The controversial hard fork of bitcoin hard forked again several days ago in an effort to add new functionality to the cryptocurrency protocol and further differentiate it from its predecessor. But in the process – executing at block 530350 – a portion of the bitcoin cash community was left behind. At the…

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Bitcoin Struggles To Stay Above $8000


Bitcoin prices have been fighting to stay above $8,000. (Photo by Chesnot/Getty Images) Bitcoin prices have been encountering some turbulence lately, repeatedly falling below $8,000 in the last 24 hours and reaching their lowest level since mid-April. The price of Bitcon fell to as little as $7,931.43 this morning on the CoinDesk Bitcoin Price Index (BPI). This represented the digital currency’s lowest value…

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Consensus 2018: Twitter’s Jack Dorsey and Snoop Dogg Close Bitcoin Conference


FILE – In this Nov. 19, 2015, file photo, Square CEO Jack Dorsey is interviewed on the floor of the New York Stock Exchange. Twitter CEO Dorsey serves as the head of payments company Square, taking advantage of the companies’ close geographical locations to split his time between the two. (AP Photo/Richard Drew, File) While Consensus 2018 failed to deliver…

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Bitcoin Is Sucking Up So Much Energy, It Could Stop Being Profitable


The bitcoin network could use 0.5 percent of the world’s energy consumption by the end of this year, and it could soon cost so much to mine the cryptocurrency that it stops being profitable. These figures come from a new commentary published today (May 16) in the journal Joule. In it, Alex de Vries, a financial economist and…

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Consensus 2018: What You’ve Missed So Far From The Biggest Bitcoin Event


NEW YORK, NY – MAY 14: Ripio CEO Sebastian Serrano speaks during Consensus 2018 at the The New York Hilton Midtown on May 14, 2018 in New York City. (Photo by Steven Ferdman/Getty Images) Consensus 2018 in New York is well underway but far from done! Here’s a run down of everything you’ve missed so far from the biggest yearly…

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Caveat Emptor: Major Cryptos Are Still in Negative Territory For 2018


Bitcoin’s on a downward cycle these days as its perpetual roller coaster ride continues, but bulls note that the cryptocurrency is still well above its 2018 lows. That’s true, but year-to-date, Bitcoin is still down substantially. And it’s not the only cryptocurrency that’s struggling right now. Bitcoin started the year at $14,112.20, according to CoinMarketCap. That’s more than $5,300 above…

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Bitcoin conferences flood New York, bringing millions in ticket sales


Cryptocurrency conferences are still a massive business, even if bitcoin‘s price has plunged this year. When it kicks off this week, one ticket to CoinDesk’s Consensus three-day conference in New York City can cost roughly $2,000. Well over 4,000 are expected to attend, up from 2,700 attendees last year. So at a minimum, the conference is likely bringing in $8…

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Bitcoin Under Pressure. Can A Technology Summit Goose It Higher Next Week?


A woman dressed in a t-shirt with cryptocurrency logos shows a visual representation of the cryptocurrency Bitcoin and other cryptocurrencies. Photo by Chesnot/Getty Images Bitcoin had been on an uptrend since April 12 when it hit a recent low of $6,850. Tom Lee, Head of Research at Fundstrat, had postulated that at least part of the weakness in Bitcoin and…

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The Bitcoin Reformation


Bitcoin has so far proved incapable of scaling up to handle the transaction volumes of the mighty Visa. The Segwit extension implemented last year brought some relief to clogged mempools and astronomical transaction fees, but nowhere near enough to solve Bitcoin’s scaling problem. The plan to double the block size after Segwit (known as Segwit2x) was abandoned after it became…

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Bitcoin could soar as high as $64000 next year, investment research firm Fundstrat predicts


The growth of bitcoin “mining” activity could send the cryptocurrency’s price as high as $64,000, investment research firm Fundstrat said Thursday. Bitcoin is created through an energy-intensive process known as mining, in which computers receive the cryptocurrency as reward for solving complex mathematical equations. Processing power to guess the solution is known as “hash power,” which Fundstrat predicts will grow…

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