Coinbase, Poloniex, to Distribute Bitcoin Cash, Shapeshift Adds BCC/BCH
Coinbase has stated they will distribute Bitcoin Cash to all their customers who held bitcoin on August 1st, but they won?t do so until January the 1st 2018. Coinbase says: ?Over the last several days, we?ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase customers. We made this decision based on factors such as the security of the network, customer demand, trading volumes, and regulatory considerations.? It?s not clear why the process will take five months. Coinbase?s distribution of ETC took place in a much shorter time. However, they did not list ETC while there are hints they may list BCC/BCH. This entry was first found by us on January 08, 2019 8:38 PM. Have a look at www.trustnodes.com to find more similar content.
Is Matt Whitaker, the New US Attorney General, a Bitcoiner
After scoring two big wins following the mid-term election of crypto friendly Governors in California and Colorado, this space may now count a third. Matt Whitaker, the new acting attorney general. According to Mati Greenspan, Senior Market Analyst at eToro, Whitaker has made two friendly tweets regarding bitcoin, one of them as early as 2012. We can not verify the tweets because Whitaker has now locked them away from the public. The Internet Archive moreover only goes back as far as 2016, showing he has made no mention of bitcoin, blockchain or crypto for the past two years. In 2012, however, if the above purported screenshots are legitimate, Whitaker linked to a pretty fine article by Reuters. This entry was first seen by us on January 08, 2019 8:38 PM. You may want to visit www.trustnodes.com for more similar content.
Could Bitcoin Cash Actually Overtake Bitcoin
What an astonishing few hours. After years of infighting bitcoiners were united yesterday, with all celebrating an historical day when the currency showed its full power. Big blockers and small blockers alike were super excited to see the first bigger than 1MB block, mined by ViaBTC, at exactly 19:13 London time. Then more blocks came, with a mystery miner ? probably BTC.TOP ? bringing to life the newest and yet the oldest digital currency, while price went on a bull run. They did what some said was impossible. They upgraded the bitcoin network in just one week when some said it takes years. They hardforked when some said hardforks ?CANNOT happen.? This data was first found by us on January 08, 2019 8:37 PM. You may want to visit www.trustnodes.com for additional posts.
Bitcoin at a $100 Premium Against Brexit Pound
Bitcoin is currently about $100 more expensive to buy with Great British Pound (GBP) than with the dollar or euros. Likewise other cryptos are at a slight premium against the pound as the latter has seen considerable volatility ? mostly downwards ? ahead of a climax in the Brexit show. The British Prime Minister, Theresa May, has announced a deal which is now expected to be signed at an emergency EU summit on November 25th. The market you?d think would have been happy and it was for a brief period, but the Brexit Secretary resigned ? the second Brexit Secretary to do so. He was followed by others and they were followed by a pound plunge: This posting was discovered by us on January 08, 2019 8:37 PM. See www.trustnodes.com to find more similar content.
Microsoft Starts Accepting Bitcoin Cash
Microsoft now accepts payment in Bitcoin Cash for games, Xboxes, apps and all sort of things found on their online Microsoft Store. This appears to be limited to only USA, where you can fund the account with Bitcoin Cash payments which are pretty much instantly credited. Allowing you then to purchase all they have to offer, including some 700,000 apps. They almost stopped accepting bitcoin in January due to very high fees, but BitPay has apparently persuaded them to keep accepting it, perhaps offering BCH as a candy of sorts. This is all part of an upgrade of BitPay?s payment services which recently automatically turned on BCH payments on all of their 100,000+ merchants. This article was first seen by us on January 08, 2019 8:35 PM. See www.trustnodes.com for more from this source.
Bitcoin Shorts Jump by $87 Million
Bitcoin shorts spiked today within hours by about ?12,000, worth circa $87 million, after falling for the past week to a recent low of ?21,000 following a bitcoin price rise by $500 yesterday to a recent high of $7,300. The jump today has not had any significant corresponding movement in longs, with price also remaining somewhat unaffected at $7,200 at the time of writing. That?s while spot trading volumes remain at around the same levels, now just under $5 billion, with most of the action yesterday in other coins. Including BCH, which spiked some 20%, and doge, which effectively mooned, up 70%. This piece was first seen by us on January 08, 2019 8:35 PM. Browse www.trustnodes.com for additional posts.
Trezor and Ledger Will Support Bitcoin Cash
Trezor, a bitcoin wallet that seemingly supports other digital currencies like ethereum and Zcash, has today come out in support of Bitcoin Cash. ?We will provide an interface, accessible from Trezor Wallet, where you can access and safely claim your Bitcoin Cash coins. You will be prompted by Trezor Wallet once you select ?Bitcoin Cash? in the currency selector. After this, you can use Bitcoin and Bitcoin Cash side by side,? Trezor said. Their decision was taken after Bitcoin Cash implemented protection against replay attacks which now means ?Trezor can support the currency safely,? they say. Ledger Wallet came out in support of Bitcoin Cash even before replay protections were added, with their owner seemingly a strong supporter of Bitcoin Core, but to his credit, has been neutral in business judgments. Ledger says: This entry was obtained by us on January 08, 2019 8:35 PM. You may want to visit www.trustnodes.com for complete listings from this source.
Bitcoin's Backlog Almost Clears For the First Time in Three Months
Bitcoin?s backlog has fallen to just 6,000 transactions at the time of writing, considerably lower than the highs of 300,000 we saw in recent weeks. Fees, however, still remain at a relatively high of around $2 per next block transaction, and at around 50 cent for slightly slower confirmation times. With the reason for it somewhat unclear, but it might perhaps be inertia whereby exchanges or wallets are still operating on older fixed fees, or miners might perhaps be actually reducing capacity through producing blocks that contain as little as 47kb of data as Antpool did, or 117kb as SlushPool did: This piece was obtained by us on January 08, 2019 8:35 PM. You may want to visit www.trustnodes.com for complete listings from this source.
Unknown Investor Buys a Billion Dollars Worth of Bitcoin
An unknown individual or entity bought 96,000 bitcoins, currently worth more than one billion dollars, during the recent crash which sent bitcoin?s price to what now appears to be a bottom of around $5,000. Andy Hoffman, a vocal bitcoin supporter who describes himself as a crypto consultant, publicly stated to his twitter followers: ?Bitcoin address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased $344 million worth at an average of $8,400 from 2/09/18 through 02/12/18 ? then, doubled down adding nearly 41,000 coins for a new total of 96,000 coins worth around $900,000,000 at today?s price ($9,400).? This item was retrieved by us on January 08, 2019 8:34 PM. Check out www.trustnodes.com to find more similar content.
Bitcoin Rises a Decade on Since the Northern Rock Bank Run
The parade of long queues at the British Northern Rock bank, that brought memories of a time many thought had long gone, feels, for some, like yesterday. On the 12th of September 2007, exactly ten years ago, liquidity in money market borrowing dried up. With Northern Rock unable to raise funds for their short term obligations, they asked the Bank of England as lender of last resort. Its stock shares plunged 33%, with the news spreading, and with it fear too. Endlessly long queues started forming outside of the bank as savers rushed to withdraw. $1.3 billion was taken out in one day, on the 14th of September, accounting for around 5% of the bank?s deposits. By September 17th, another $2.6 billion had been withdrawn. This publication was retrieved by us on January 08, 2019 8:34 PM. See www.trustnodes.com for more.
"Bitcoin is an Excellent Idea" Says Nassim Taleb
?All central banks operated under the same model, making it a perfect monoculture,? says Nassim Taleb, whose hedge fund saw 65%-115% gains during the 2008 banking collapse. He further adds: ?In the complex domain, expertise doesn?t concentrate: under organic reality, things work in a distributed way, as Hayek has convincingly demonstrated.? Hayek came up with an insight during the last century which inspired the intellectual foundations of digital currencies. Stating that the regulator of the free market, money, must itself be regulated by the free market, because only those most affected and closest to the consequences of their decision can make the best decisions. This item was discovered by us on January 08, 2019 8:33 PM. Have a look at www.trustnodes.com for complete listings from this source.
Bitcoin and Ethereum Follow Metcalfe s Law of Network Effects New Study Says
Metcalfe?s Law, which states that the value of a network is proportional to the square of the number of its users, applies to bitcoin and ethereum according to a new study published at the journal of Electronic Commerce Research and Applications. The study measured the value of the network based on the price of relevant digital currencies and compared it to the number of unique addresses that engage in transactions on the network each day, according to the abstract. The results show that ?the networks were fairly well modeled by Metcalfe?s Law, which identifies the value of a network as proportional to the square of the number of its nodes, or end users,? the study says. This piece was discovered by us on January 08, 2019 8:33 PM. Have a look at www.trustnodes.com for additional posts.
Coinbase's PayPal Like Plugin Integrates With Shopify, Allowing Two Minutes Set Up For Merchants to Accept Ethereum, Bitcoin, Bitcoin Cash and Litecoin
Shopify, an e-commerce platform with 500,000 merchants handling $45 billion in yearly volume, has integrated with Coinbase Commerce, allowing for easy set-up of ethereum, bitcoin, bitcoin cash and/or litecoin payments. The integration has made it as easy as going to Shopify?s Settings, selecting Payment providers, then in the Alternative Payments section you click Select additional payment method to choose Coinbase Commerce. At which point, you?re pretty much done and ready to start accepting crypto payments through a fairly smooth interface. We have not yet received a confirmation regarding what fees Coinbase charges, with some saying they currently charge none. This post was first found by us on January 08, 2019 8:33 PM. Visit www.trustnodes.com for additional posts.
Crypto Investors, Here's Top 7 Non-Bitcoin Altcoins with the Best Developer Team Support in 2019
Altcoins are cryptocurrencies that came to be as alternatives to Bitcoin. They were invented in order to deal with some of Bitcoin's issues, offer a better service, or be used in a different way. While they started appearing as soon as Bitcoin started gaining attention (and value), the real surge of altcoins started in the last few years, especially after ICOs became popular. As a result, there is currently more than 2,000 active coins in the crypto market, as well as a number of coins that are considered dead. Not to mention scams, weak projects that never took off, and more. If all of these projects were legitimate and successful, the number of altcoins today might be a lot higher. This article was first found by us on January 08, 2019 8:33 PM. Have a look at bitcoinexchangeguide.com for additional posts.
"By 2020 Ethereum's Market Cap Will Be Ten Times Higher Than Bitcoin's" Says Pantera's Noyes
Charles Noyes, Quantitative Researcher at Pantera Capital, had a bold prediction to make during a Mena Summit last week. The tech prodigy, who started mining bitcoin when 11 around 2010 or so, showed an almost exclusive interest in ethereum and its wider ecosystem, boldly predicting it will be ten times more valuable than bitcoin. The little known 19 year old seems to be a prolific coder and apparently wrote a peer reviewed paper titled ?Sybil Resistant P2P Range Queries over the Blockchain? when he was just 16. His wider comments therefore, and indeed the entire session, is interesting because they highlight just at how an early stage eth is. As such, we quote at some length Noyes stating: This publication was found by us on January 08, 2019 8:33 PM. Check out www.trustnodes.com for additional posts.
Bitcoin's Backlog Nearly Clears, Transactions Reach Lowest Level in Months
Bitcoin is now operating with just 35,000 transactions waiting to move at 2.2 transactions per second, significantly lower than the 300,000 or higher backlogs we have seen at around 20 tx/s. Fees therefore have fallen from their high of around $70 per transaction, but still stand at $3, far higher than ethereum?s one cent current transaction fees. Bitcoin is now processing only around 170,000 transactions a day, more than half the almost 500,000 it processed on December the 14th. The network is further running at below capacity with just 2.2 tx/s, less than the around 3-4 a second it can currently handle. This data was obtained by us on January 08, 2019 8:32 PM. Have a look at www.trustnodes.com for complete listings from this source.
Ethereum Arbitrage Bots Keeping Bitcoin Afloat in a Near Perfect Correlation
Bitcoin and ethereum fell around 20% today, with nearly all other digital currencies in complete red as their total market cap falls below $100 billion. The dive appears to have mainly been caused by bitcoin as the currency faces heightened uncertainty over its future following a statement by Bitmain, one of bitcoin?s biggest miner, that they will hardfork on August the 1st if the flag day soft fork known as UASF goes ahead. That means the currency may split into two, which would likely create some short term chaos, so in anticipation bitcoin investors appear to be divesting, sending its price down by nearly $1,000, currently trading at $2,200 as of writing. This piece was retrieved by us on January 08, 2019 8:32 PM. Check out www.trustnodes.com for more.
One Billion Dollars Worth of Bitcoin on the Move, $100 Million Sent to Exchanges
A very old bitcoin address, which did not move its coins since it was funded on the 2nd of July 2011 until March 2014, has been chopping ?111,114 into smaller and smaller pieces for obfuscation over the past four years, with ?15,593 (~$109 million) recently ending up on Bitfinex, Binance, and ?210 in Bitmex according to an unverified analysis. The address in question has been subject to much speculation not least because one transaction with a very small amount of bitcoin was linked to the former bitcoin drug bazar, Silkroad. The address, moreover, appears to have begun its life around June 2011, a time when an MT Gox hack led to a flash crash of bitcoin?s price. Some therefore speculate these might be Gox?s or Jed McCaleb?s, the previous owner of Mt Gox. Both deny. This share was discovered by us on January 08, 2019 8:32 PM. Check out www.trustnodes.com for more.
Ethereum Undervalued, Bitcoin Overvalued, Says Metcalfe's Law
Although there are suggestions ethereum?s and bitcoin?s valuation is largely speculative, data analysis has in fact shown strong correlation between the price of eth or btc and Metcalfe?s law of network effects. Data analysis has indeed shown such correlation is so strong ?in any other field? [it] would be considered witchcraft.? The analysis undertaken by Clearblocks is not at a level of scientific scrutiny, but they propose a new Price-to-Metcalfe Ratio (PMR), which can operate somewhat similar to a price-to-book ratio in equity analysis. They claim PMR ?appears to be a rather strong leading indicator that accurately predicted 3 of bitcoin?s largest corrections when using a PMR of 1.0 as the cutoff. Using a PMR of -1.25 we can also identify potential accumulation zones.? This piece was first found by us on January 08, 2019 8:31 PM. Browse www.trustnodes.com for more similar content.
Bitcoiners Crying About Ethereum's Blockchain Size While Not Knowing it's Running at the Same 1MB Every 10 Minutes as Bitcoin
Ethereum is currently handling 800,000 transactions a day, bitcoin is at around 200,000. The two are fundamentally similar, so then it must mean ethereum simply has a bigger blocksize? It is an assumption bitcoiners very understandably make. We did too once and found out to be very mistaken when the sudden coming into life of ETC shocked us fully for we thought eth would have the same difficulty re-adjustment as bitcoin. It doesn?t. Eth re-calculates those Proof of Work difficulties every block, unlike bitcoin which does so every two weeks. A slight change, but big consequences where assumptions are concerned. This share was first seen by us on January 08, 2019 8:31 PM. Have a look at www.trustnodes.com for additional posts.
Craig Wright Affiliated Pools Gain 50% of the Bitcoin Cash Hashrate
Bitcoin Cash mining centralization has now reached the point where just two pools currently control precisely 50% of the hashrate (pictured above). According to reports, the Craig Wright affiliated Coingeek and Wright?s BMG Pool reached as high as 58% at some point today. This considerable increase in hashrate may be due to variance, but even for the past seven days the two pools controlled 44% of the hashrate, which may now rise further. As far as we are aware, the two pools have different operators, but Wright and Calvin Ayre of Coingeek are fairly close, so collusion and an intentional 51% attack can be on the cards. This posting was first seen by us on January 08, 2019 8:31 PM. Have a look at www.trustnodes.com to find more similar content.
F2Pool, Antpool, Start Mining Bitcoin Cash, 50 Blocks Found in One Hour
One of bitcoin?s biggest pool, F2Pool, has today started mining Bitcoin Cash. Joining Antpool, which began doing so yesterday, BTC.com, and many other miners. Most of the big miners are now attributing some of their hashrate to Bitcoin Cash, with F2Pool quickly rising to take 15% of the network?s hardware share. Twice higher than Antpool, but still somewhat below ViaBTC. The latter has given their miners free choice. By far, they are opting for Bitcoin Cash which is nearing 10x more hardware share on ViaBTC than Bitcoin Core. Bitcoin Core, in turn, is loosing considerable hardware share on ViaBTC. More than halved in the past few days from some 350 Petahertz to 150P. This posting was first found by us on January 08, 2019 8:30 PM. Check out www.trustnodes.com for more.
Interest in Bitcoin and Ethereum Falls by 75% According to Google Trends
Google searches for bitcoin and ethereum have considerably fallen recently from a high of 100 to now just 25 according to google trends. Bitcoin in particular has been falling since December, with google searches now standing at the same level they were in October-November. Interestingly, the countries most interested in bitcoin have also changed. It used to be primarily African countries that showed most interest, but now it is mostly developed economies: Ethereum has a similar story. While it managed to regain a high level of interest in January, after a fall in December, it has been falling since down to around 25, the same level as November. This information was found by us on January 08, 2019 8:30 PM. Check out www.trustnodes.com for complete listings from this source.
Jeff Bezos Now Worth as Much as Bitcoin's Entire Market Cap
The biggest technological breakthrough since the internet is worth about as much as just one man, Jeff Bezos, founder and CEO of Amazon. His net worth is estimated to be $132 billion, mainly from Amazon shares, while Amazon?s net income is only around $2 billion a year. Bitcoin briefly fell below a market cap of $132 billion yesterday, slightly recovering today but still to a comparable level with Jeff Bezos at around $138 billion. Mark Zuckerberg, in turn, is worth quite a bit more than ethereum, the smart contracts platform that might usher in a fourth industrial revolution of peer to peer machine payments. This post was retrieved by us on January 08, 2019 8:30 PM. See www.trustnodes.com for more similar content.
Bitcoin Core Developers Break Up With Bitcoin.org
A little bit of drama is afoot in slacks, ircs, twitter and of course reddit over allegiances, loyalties, power and control. It begun with Adam Back, Blockstream?s CEO, demanding change of ownership of bitcoin.org, the website created by Satoshi Nakamoto himself, or at least created when he/she/they were around nearly a decade ago. It appears bitcoin.org, which housed and still houses the bitcoin whitepaper (now mirrored in many places including the blockchain), is owned or controlled by a pseudo-anonymous individual or team going by the name Cobra, the snake. Theymos seems to have co-ownership or co-control, but facts are murky and recent events suggest it is Cobra who has full say and perhaps full control. This piece was first found by us on January 08, 2019 8:30 PM. Have a look at www.trustnodes.com for additional posts.
MT Gox Crashed Bitcoin, Trustee Sold the Bottom Blockchain Data Reveals
The MT Gox trustee has sold half a billion worth of bitcoin and bitcoin cash between December 2017 and February 2018 it was revealed today. Blockchain data analysis suggests the time of sale correlates considerably with the timing of the December crash and subsequent price falls in bitcoin. MT Gox?s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th. On that very day, bitcoin?s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days: On December the 22nd, the trustee moved 6,000 bitcoin. That?s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800. This article was found by us on January 08, 2019 8:29 PM. Browse www.trustnodes.com for more.
Bot Goes Wild, Sends Bitcoin to Nearly $8,000, ETH at $300, LTC Down to $1 on Bitstamp
?Bot went wild. Trading was halted,? Nejc Kodri?, Bitstamp?s co-founder stated earlier today, clarifying it was a client?s bot. A bot that caused some chaos on euro pairs during a period of about 23 minutes starting at about 1:12 AM London time for bitcoin. Some ?6 million worth of bitcoin was sold within 15 minutes, bringing price down to just under ?5,000 ($5,760) or about $1,000 below the market price on other exchanges. Then, about ?6 million was bought within 6 minutes, sending price to ?6,600 ($7,600) or about $1,000 above market price. The finale ends with about ?1.3 million sold within one minute, bringing price to the market rate of ?5,685 (~$6,500) where it has stayed in a very straight line. This piece was discovered by us on January 08, 2019 8:29 PM. Have a look at www.trustnodes.com for more similar content.
Bitcoin Core Implements Default Replace by Fee
Bitcoin Core version 0.16 was launched today with a number of new changes, including ?full support for segwit in the wallet and user interfaces.? It also changes Replace by Fee (RBF) from opt-in to opt-out in the node interface, allowing you to double spend zero confirmed transactions, and in some instances even transactions with one confirmation, by just re-sending it with a higher fee. The proposal used to be very controversial because it makes physical purchases pretty much impossible and might make many online purchases that may have a 15 minutes time frame very difficult. But following considerable backlogs in previous months where some 300,000 transactions were waiting to move at the peak, the network was operating as if there was RBF from the merchant?s point of view. This publication was obtained by us on January 08, 2019 8:28 PM. Browse www.trustnodes.com for more similar content.
Bitcoin Cash Added to BitPay Visa Debit Card
BitPay is continuing to slowly add support for Bitcoin Cash (BCH) with the company announcing you can now fund the BitPay Visa Prepaid Card through BCH payments. The card itself costs around $10 and is available only in USA, with BitPay hoping to roll it out in Europe and other regions in the future. To top it up, you simply send the crypto to the QR code address, with it then instantly converted into dollars, allowing you to use it like a normal card pretty much everywhere. ?These two blockchains have differing exchange rates, network fees, and confirmation times. You can do a side by side comparison whenever you are making a payment so you can decide which payment method works best for you,? BitPay says before showing a screenshot of bitcoin and bitcoin cash: This article was first found by us on January 08, 2019 8:28 PM. Visit www.trustnodes.com for more from this source.
You Can Now Accelerate Your Stuck Bitcoin Transaction by Paying with Bitcoin Cash
Unconfirmed bitcoin transactions can now be confirmed within minutes by paying only with Bitcoin Cash for an acceleration service run by BTC.com. The network is suffering considerable congestion due to limited capacity, with some 30,000 transactions stuck, while fees are running at around $5. Miners usually prioritize the highest fee transactions, but there are no consensus rules that enforce what transaction should be included in a block, or whether any should be included at all, with many zero block transactions mined. As such, miners can choose to include even zero fee transactions if they like, but so being profit motivated they have not done so out of the good of their heart. This item was found by us on January 08, 2019 8:28 PM. Browse www.trustnodes.com for additional posts.
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