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From Single Key to Sophisticated Computation: The Evolution of Crypto Exchange Custody
28.2.2020
When the first cryptocurrency exchanges sprung up in late 2010, multisig wallets had yet to be invented. As a result, a single private key was commonly used to control all customer funds. Today, multisig has been complemented by sophisticated solutions such as Unbound Tech’s CASP, which uses...
Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents
28.2.2020
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...
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
The Bull and Bear Case for Investing in the Top 20 Cryptocurrencies
27.2.2020
Should you buy bitcoin or bitcoin cash? Does tezos have further room to grow? Is monero a long-term hold? There are no absolute answers to these questions and no crystal ball to determine which crypto will pull a 5x before the year’s out. Based on fundamentals alone, however, here are some...
Coinbase Wallet Adds Support for Short and ‘Human-Friendly’ Cryptocurrency Addresses
26.2.2020
One of the scariest features of transacting with cryptocurrency, for many new users, is correctly inputting the long hexadecimal addresses involved. Various individual projects and larger collaborations have tried to tackle this anxiety-inducing issue in different ways, so that bitcoin adoption...
Next Step Mobile Surveillance: How You Walk, Your Heartbeat – Why Bitcoin Matters to Combat Government Privacy Invasion
26.2.2020
It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk...
Bitcoin History Part 24: Celebrating the First Halving in 2012
25.2.2020
As the third Bitcoin halvening approaches, a handful of OGs will wistfully recall the first such event, which occurred in November 2012. Back then, following the completion of block 210,000, the mining reward halved from 50 to 25 BTC. To commemorate the milestone, early adopters threw parties...
How to Hide Your Bitcoin – Opsec, Anonymity, Cold Storage, Brainwallet, Dexes and Non-Custodials
25.2.2020
In an era of increasing economic uncertainty, surveillance, specialized cybercrime and hacking, knowing how to hide bitcoin safely has become a paramount concern for crypto holders. Whether it’s by way of taking wise opsec measures, utilizing noncustodial tools, leveraging a DEX, or even...
Cryptocurrency Explained on the Latest Episode of The Simpsons
23.2.2020
Could this be a sign that the mainstream media is warming up to bitcoin again like they did before the 2017 rally? The Simpsons featured an almost two-minute segment explaining how cryptocurrency and blockchain work with the actor who played Sheldon Cooper on The Big Bang Theory. Also Read: 12.6M...
No Backdoor on Human Rights: Why Encryption Cannot Be Compromised
23.2.2020
In April 2019, the UK issued an Online Harms White Paper to announce its campaign to rein in “harmful speech” on social media sites such as Facebook and TikTok. The public consultation period has ended and a full consultation response is expected in Spring 2020. (Initial Consultation...
How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus
23.2.2020
Tax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns....
How to Check the Bitcoin Price, Hashrate, Data – The 21 Best Monitoring Sites
22.2.2020
As bitcoin grows in popularity and recognition worldwide, resources dedicated to providing in-depth and diverse stats on all things crypto have exploded onto the scene and continue to proliferate rapidly. This post lays out 17 of the best sites, and divides them into basic categories such...
Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space
20.2.2020
Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on...
How to Mine Bitcoin in 2020
19.2.2020
Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need...
Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling
19.2.2020
A report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to...
Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up
18.2.2020
Recent reports show that major marijuana companies are running out of money, and businesses in Canada are especially in danger of becoming illiquid. Major producers in the weed-friendly nation have just over 6 months of cash on hand, according to the information, and comparable companies in...
DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’
18.2.2020
As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds...
Cryptocurrency Is Agorism in Action
17.2.2020
The book “New Libertarian Manifesto” (NLM) by libertarian-anarchist Samuel E. Konkin III (SEK3) launched a movement that has grown amazingly over the last few decades: Agorism. This is the movement of peaceful revolution through counter-economics. Counter-economics is “the study...
More On-Ramps, Liquidity, Options: Why Bitcoin’s Next Bull Run Will Be Different
17.2.2020
Bitcoin’s next bull run will look very different from the last one. In 2017, BTC took the elevator to $20K before following the stairs down to $3K over the course of 12 months. In 2020, as bitcoin prepares for its halvening – followed by another potential price run –...
Steemit for Sale: Popular Crypto Blogging Platform Sold to Tron, Community Reacts
16.2.2020
Crypto blogging platform Steemit is undergoing a big change, migrating from its own Steem blockchain to the Tron network. The struggling crypto blogging platform launched in 2016 and made waves when big name libertarian users began to make thousands of dollars per post. The platform’s heyday...