On October 31, 2008, a still-anonymous individual (or group of individuals) going by the name Satoshi Nakamoto published the Bitcoin whitepaper for the first time, and proposed the idea of what the paper called a “peer-to-peer digital cash system”. The paper named this new digital currency Bitcoin, and explained how the system would work. It […]
Bitcoin Cash Turns 1
One year ago yesterday, on August 1st of 2017, after a years-long debate about how best to scale the Bitcoin blockchain to allow the network to process a greater number of transactions, a sizable group of users who were unhappy with the idea of using SegWit and the Lightning Network to create a “layer 2” […]
Robinhood Crypto Trading Has Started Rolling Out
Coinbase is about to get a serious run for its (cryptographic) money. Robinhood Crypto, the zero-fee cryptocurrency trading platform announced last month by Robinhood, has begun rolling out to the first wave of customers over the past few days. The service will initially be available in customers in California, Massachusetts, Missouri, Montana, and New Hampshire- with […]
Vitalik Buterin Floats “Hybrid Proof of Stake” Idea for Bitcoin
Earlier today, during a Twitter conversation about miner centralization in Bitcoin, Vitalik Buterin- who created Ethereum– floated the idea of building a “hybrid proof of stake system” to replace the strictly proof of work system currently in use. Vitalik said he realized that a change to a full proof of stake system was an unrealistic […]
Coinbase Says SegWit Coming “In Next Few Weeks”
Coinbase announced in a tweet that they are now in the final stages of testing for SegWit, and said that transactions compatible with the upgrade will be available for customers “in the next few weeks”. Coinbase had said in a blog post last month that they were planning to implement SegWit in 2018- but […]
Blockexplorer . com Will Refer To Bitcoin Cash as “Bitcoin”
Blockchain explorer website blockexplorer.com is raising the stakes in the battle between Bitcoin and its recent big-block fork, Bitcoin Cash. The site announced today that they would be putting their main focus on Bitcoin Cash, and will be going so far as to use the “Bitcoin” name to describe it- and will refer to the […]
Litecoin Creator Announces He’s Sold All of His Coins
Citing concerns over possible conflict of interest, Litecoin creator Charlie Lee announced on Reddit earlier that he had either sold or donated all of his Litecoins. He explained that some people seemed to be concerned about the amount of influence he was having over the price of Litecoin by promoting it, and may see him […]
Bitcoin Cash Comes to Coinbase- But Not Everyone is Happy
Coinbase announced earlier today that Bitcoin Cash has been added on their platform- not just the ability to claim coins that users were entitled to after the hard fork, as they had done with Ethereum Classic, but full support for sending, receiving, and trading on Coinbase and GDAX. As this Reddit conversation points out, though, […]
Bitcoin Crosses $10,000 For The First Time
Earlier today the price of a single bitcoin crossed the very significant $10,000 barrier for the first time, only days after crossing $9,000- and there seems to be no sign of a slowdown. The CME announcement of Bitcoin Futures coming next month has attracted a lot of interest, especially from traditional institutional investors looking for […]
McRocket: Bitcoin’s Market Cap Is Now Higher Than McDonald’s
Bitcoin has reached another major milestone that will make it harder to dismiss and ignore. As of right now, 1:14 am on 11-22-17, according to Coin Market Cap, the total market value of all Bitcoins in circulation is higher than the market cap of McDonald’s. Yes, you read that right. And while some may say […]