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On The Blockchain

Dedicated to Bitcoin, Altcoins, and other areas that do or should use blockchain technology

News

Trump Says He’s “Not a Fan of Bitcoin and Cryptocurrencies”

July 12, 2019 By Derek Andonian Last Edited: July 12, 2019

Yesterday President Trump said in a tweet that he’s “Not a fan” of Bitcoin and other cryptocurrencies, and went on to say that they are “not money”, have value that is “highly volatile and based on thin air”, and “Can facilitate unlawful behavior”. I am not a fan of Bitcoin and other Cryptocurrencies, which are […]

Filed Under: News

Robinhood Crypto Trading Has Started Rolling Out

February 25, 2018 By Derek Andonian Last Edited: June 20, 2018

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 […]

Filed Under: News Tagged With: Bitcoin, Markets

Vitalik Buterin Floats “Hybrid Proof of Stake” Idea for Bitcoin

February 12, 2018 By Derek Andonian Last Edited: June 21, 2018

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 […]

Filed Under: News Tagged With: Bitcoin, Ethereum

Coinbase Says SegWit Coming “In Next Few Weeks”

February 6, 2018 By Derek Andonian Last Edited: June 21, 2018

  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 […]

Filed Under: News Tagged With: Bitcoin, SegWit

Blockexplorer . com Will Refer To Bitcoin Cash as “Bitcoin”

January 9, 2018 By Derek Andonian Last Edited: June 20, 2018

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 […]

Filed Under: News Tagged With: Bitcoin, Bitcoin Cash

Litecoin Creator Announces He’s Sold All of His Coins

December 20, 2017 By Derek Andonian Last Edited: June 21, 2018

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 […]

Filed Under: News Tagged With: Altcoins, Litecoin, Markets

Bitcoin Cash Comes to Coinbase- But Not Everyone is Happy

December 19, 2017 By Derek Andonian Last Edited: June 20, 2018

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, […]

Filed Under: News Tagged With: Bitcoin, Bitcoin Cash, Markets

Bitcoin Crosses $10,000 For The First Time

November 29, 2017 By Derek Andonian Last Edited: June 20, 2018

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 […]

Filed Under: News Tagged With: Bitcoin, Markets

McRocket: Bitcoin’s Market Cap Is Now Higher Than McDonald’s

November 22, 2017 By Derek Andonian Last Edited: June 20, 2018

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 […]

Filed Under: News Tagged With: Bitcoin, Markets

Leftover SegWit2x Nodes Lock Up Just Before Forking Block

November 17, 2017 By Derek Andonian Last Edited: June 21, 2018

Even though the SegWit 2X hard fork was called off, that apparently hasn’t stopped a few die-hard supporters from keeping their nodes running.  Only problem is, they all locked up just before the fork was supposed to execute, and became stuck on block number 494,782.  About 95 bitcoin nodes appeared to be impacted, thanks to an […]

Filed Under: News Tagged With: Bitcoin, SegWit

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