On The Web

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Systems

Daily bitcoin transactions on darknet markets doubled throughout…

January 21 2019

• in
• Bitcoin

“Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data firm Chainalysis.”

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Systems

Bitcoin Price Suffers Worst Monthly Losing Streak in 7 Years

January 2 2019

• in
• Bitcoin

“Bitcoin (BTC) chalked up its longest monthly losing streak in seven years in December. The leading cryptocurrency by market value closed at $3,689 on Dec. 31, representing a 13 percent drop from the monthly opening price of $4,241. That was the fifth straight monthly loss – its worst period since November 2011 – according to CoinDesk’s Bitcoin […]

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Systems

Ohio becomes the first state to accept bitcoin for tax payments

November 26 2018

• in
• Bitcoin
• Government

“Starting Monday, businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially. Companies that want to take part in the program simply need to go to OhioCrypto.com and register to pay in crypto whatever […]

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Systems

Despite Bitcoin’s Dive, a Former Soviet Republic Is Still Betting Big on It

January 23 2019

• in
• Bitcoin

“TBILISI, Georgia — For three years, a windowless warehouse on the edge of town has been whirring with enough energy to power nearly 50,000 homes. Day and night, the warehouse, and dozens of cargo containers in a windswept valley, are generating Bitcoin, the cryptocurrency that has created a virtual gold rush in the former Soviet […]

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Systems

The plot to revive Mt. Gox and repay victims’ Bitcoin

February 7 2019

• in
• Bitcoin

“Now a controversial crypto celebrity named Brock Pierce  is trying to get the Mt. Gox flameout’s 24,000 victims their money back and build a new company from the ashes. Pierce spoke to TechCrunch for the first interview about Gox Rising — his plan to reboot the Mt. Gox brand and challenge Coinbase and Binance for the title of top cryptocurrency […]

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Systems

Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds

March 22 2019

• in
• Bitcoin

“Nearly 95% of all reported trading in bitcoin is artificially created by unregulated exchanges, a new study concludes, raising fresh doubts about the nascent market following a steep decline in prices over the past year. Fraudulent trading volume has dogged cryptocurrency trading for years, but the extent of the market manipulation has been difficult to […]

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Opinion

2020 Could Be the Year Bitcoin’s Fee Market Is Put to the Test

October 7 2019

• in
• Bitcoin

“The past two “halvenings” have passed without incident. Bitcoin’s price has increased consistently over the past two reward eras, so that the dollar amount of the block subsidy is now higher than it ever was in either of the earlier eras. The price has also grown about as fast or faster than overall transaction volume. […]

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Systems

Square Is Hiring New Crypto Engineers — And It Wants to Pay Them in Bitcoin

March 21 2019

• in
• Bitcoin
• Cryptocurrencies

“Dorsey, who also founded and runs Twitter, announced Wednesday evening that Square plans to hire three or four engineers and one designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.” A Square spokesman said there was no additional information to share beyond the tweets. Perhaps more notably, these new hires have the […]

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Systems

Bitcoin Has Surged Above $8,000 and Theories Around Why Abound

May 14 2019

• in
• Bitcoin

“Bitcoin is now trading at around $8,130, up a whopping 60.84 percent over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached over $18,400 on the back of buoyant capital markets, rampant speculation, and […]

On The Wires

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Systems

Nxt-ID Subsidiary FitPay® to Begin Shipments of Flip – a Contactless Payment Device for Bitcoin

January 11 2019

• in
• Bitcoin

“Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced that it will begin shipping initial orders of Flip™, a new contactless payment device that enables Bitcoin holders to use the value of their currency to make contactless purchases at millions of retail locations. Confirmed pre-orders of Flip will begin shipping on February […]