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 found by us on January 08, 2019 8:31 PM. Visit www.trustnodes.com for additional posts.
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 post was retrieved by us on January 08, 2019 8:30 PM. You may want to visit www.trustnodes.com for complete listings from this source.
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 item was first seen 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 article was discovered by us on January 08, 2019 8:30 PM. Browse www.trustnodes.com for complete listings from this source.
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 data was first found by us on January 08, 2019 8:30 PM. Check out www.trustnodes.com for more from this source.
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 publication was first 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 information was first found by us on January 08, 2019 8:29 PM. Visit www.trustnodes.com for additional posts.
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 data was obtained by us on January 08, 2019 8:28 PM. You may want to visit www.trustnodes.com for complete listings from this source.
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 information was first seen by us on January 08, 2019 8:28 PM. Have a look at www.trustnodes.com for more similar content.
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 share was discovered by us on January 08, 2019 8:28 PM. See www.trustnodes.com for additional posts.
Bitcoin at a Premium in Brazil, Why
Bitcoin is slightly down again today to $6,400, but a number of hot-spots are apparently developing across the world as told by local premiums. We recently wrote about South Africa seeing a persistent 6% premium for bitcoin and other cryptos. A number of news, both good and bad, have come from there which perhaps suggests awareness and therefore adoption is growing in one of Africa?s richest nation. Turkey has developed a crypto premium there and the reason is because their fiat money is crashing, with Turkish Lira down 20% today. Brazil, too, interestingly, is showing a $300 premium for bitcoin across many of their exchanges. Bitinka, which handled nearly $25 million in trading volumes during the past 24 hours, shows a significant premium in bitcoin?s price against Brazilian money. This entry was retrieved by us on January 08, 2019 8:27 PM. Check out www.trustnodes.com for more similar content.
Bitcoin Processes Its Biggest Block Yet at 1.3MB
The bitcoin network has mined a 1.3MB block yesterday, it?s biggest yet, handling 1683 transactions that transferred nearly 6,000 bitcoins for a fee of around $4,000. The baseline of the transaction stood at around 870Kb, with the rest being signatures, totaling around 1,340 KB, 0.3MB higher than bitcoin?s hard limit of 1MB. That limit remains unchanged, but through an accounting trick, signature data does not count at a ratio of 75% that of the base data. Thus allowing for a theoretical 4MB block, but that would have to be mostly signatures, making it unusable for ordinary transactions. For ordinary use, bitcoin can now handle around 1.7MB of data based on the level of segwit?s adoption which currently stands at only 1% of transactions. This posting was obtained by us on January 08, 2019 8:27 PM. Have a look at www.trustnodes.com to find more similar content.
Segwit Bitcoin: 60 Hours and No Confirmation, $60 Fee for One Transaction
Many bitcoiners are in shock today after finding out that despite segwit?s activation nothing has changed even though the upgrade was meant to increase capacity. That has not happened, with bitcoiners taking to public spaces to complain about high fees or transaction delays. One of them says: ?Before segwit each transaction fee was around 7 dollars, now its 8? What.? He received a classic reply: ?My advice is to stop transacting on bitcoin.? ?Now that SegWit has locked in, what is holding Bitcoin back from cheap transactions and quick confirmations? This is the event I?ve been waiting for, but so far it feels like nothing changed. Please explain,? says one bitcoiner. This data was first found by us on January 08, 2019 8:26 PM. Browse www.trustnodes.com to find more similar content.
Coinbase and Gdax Reiterate Their Position on Bitcoin Cash: Njet!
Who would have thought Bitcoin Cash would most strongly be opposed by none other than Coinbase, an exchange whose CEO has so tirelessly, so loudly, advocated for bigger blocks over so many months. Just if anyone was slightly unclear or had any doubt whatever, Gdax has made a reiterating statement, largely mirrored by Coinbase, which says in definitive terms: ?If there are two separate digital currencies? ? bitcoin (BTC) and bitcoin cash (BCC)? ? customers with bitcoin stored on GDAX will only have access to the current version of bitcoin we support (BTC). Customers will not have access to, or be able to withdraw, bitcoin cash (BCC).? This entry was obtained by us on January 08, 2019 8:26 PM. Browse www.trustnodes.com for additional posts.
Fidelity Starts Offering Access to the Bitcoin ETN
Fidelity Investments, which has some $2.4 trillion assets under management, has begun offering their customers the ability to buy Bitcoin Exchange Traded Notes (ETN) offered by XBT Provider on Sweden?s Nasdaq. ?Everyone that?s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona,? Ryan Radloff, CEO of XBT?s parent company, CoinShares Holdings Ltd., said. OTC Markets, which offers some 10,000 securities through a network of broker dealers, like Fidelity, has now begun listing the ETN in dollars under the ticker of CXBTF. That means Americans with an investment account can now have a fairly direct exposure to bitcoin as although ETNs are usually debt instruments, in this case the bitcoin tracker appears to operate no different than an ETF. This item was found by us on January 08, 2019 8:25 PM. Visit www.trustnodes.com for more similar content.
Bitmex Traders Rekt, Bitcoin's Price Jumps by $400 While Bitmex Was Down
Bitcoin?s price spiked at around 1AM UTC today from $6,450 to a recent high of circa $6,850 with volumes slightly up today to about $4 billion. It then saw a fall by around $200 starting at 2AM UTC, with it currently settled at $6,670 at the time of writing. At 1AM UTC, the biggest futures trading platform with margins of 100x, Bitmex, went down for scheduled maintenance. They were meant to come back online at 1:30 UTC, but they said ?some users are reporting difficulty in logging in,? so they postponed it for a further five minutes. Then they said: ?Trading resumption deferred until login is stable.? To be followed by: ?Login has stabilized. We encountered a large DDoS upon restarting web services. We will resume trading at 02:00 UTC.? This article was discovered by us on January 08, 2019 8:25 PM. Check out www.trustnodes.com for additional posts.
Newegg, Namecheap, 100,000 Merchants Start Accepting Bitcoin Cash
Bonanza. More than 100,000 BitPay merchants are now accepting Bitcoin Cash with the option seemingly automatically turned on for all of them. We tried testing Microsoft Store, but unfortunately they did not even show bitcoin anymore from London. Newegg, however, is happy to accept both currencies, as is Namecheap, Vultr and many, many others. It appears Bitcoin Cash has been fully integrated in the service, with merchants waking up this morning to suddenly find out they are accepting this new green thing. ?I just checked my merchant account. Apparently I?m accepting bch now, but I have no option to receive it. Hopefully that gets addressed soon,? one merchant says. This publication was retrieved by us on January 08, 2019 8:24 PM. See www.trustnodes.com for more similar content.
NSA Won't Reveal Whether They Created Bitcoin, Says It's Classified
America?s National Security Agency (NSA) has been asked a fairly broad question regarding bitcoin in a freedom of information request. We can?t quite confirm the veracity of the document, but it appears legitimate. It?s a response by NSA to an unidentified individuals who asked them: ?For any and all records pertaining to NSA?s involvement in Bitcoin, either as a consultant, or pertaining to the research teams involved in its creation.? Now that?s not quite a simple: did you create bitcoin. The question is in fact very complex, so it is no surprise NSA gave the following answer, which boils down to: it?s classified. This share was discovered by us on January 08, 2019 8:24 PM. See www.trustnodes.com to find more similar content.
Tether Crashes, Bitcoin Rises
Tether has fallen to its lowest level ever since it was invented in 2015, reaching $0.85 to the dollar around 7:50 AM this London morning. Within a period of about one hour starting at around 6:30 AM London time, the dollar pegged token went from $0.96 to circa $0.85. It stayed there for about ten minutes, then slightly recovered to $0.9, with it currently standing at circa $0.95 at the time of writing. That has sent tether?s trading volumes up to now $4.5 billion, more than doubled since yesterday?s $1.9 billion. It has also sent Bitfinex scraping for an answer to reassure markets which may be on the verge of losing confidence in tether. Bitfinex said: This information was obtained by us on January 08, 2019 8:24 PM. Browse www.trustnodes.com to find more similar content.
World's First Two Bitcoin Addresses Sanctioned by US, But Does it Work
The United States government has announced sanctions on two bitcoin addresses which they claim belong to two Iranians who, the government says, assisted in exchanging bitcoin ransom payments into Iranian fiat money. Ali Khorashadizadeh and Mohammad Ghorbaniyan, the US government says, have ?materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the SamSam ransomware attacks.? The two addresses, therefore, have been designated for sanctions. According to the US Treasury, that means: ?All property and interests in property of the designated persons that are in the possession or control of U.S. persons or within or transiting the United States are blocked, and U.S. persons generally are prohibited from dealing with them.? This share was first found by us on January 08, 2019 8:23 PM. Have a look at www.trustnodes.com to find more similar content.
SEC Commissioners to Vote on the Bitcoin ETF Decisions
The newest commissioner at the Securities and Exchanges Commission (SEC) said on Thursday an order rejecting a number of bitcoin ETFs is now to be reviewed, which means it will be put up to a vote whereby the current commissioners will decide. ?The Commission (Chairman and Commissioners) delegates some tasks to its staff. When the staff acts in such cases, it acts on behalf of the Commission. The Commission may review the staff?s action, as will now happen here,? said Hester Peirce (pictured to the right with Jay Clayton on the left). When they will vote is unclear, but unlike court judgments or parliamentary discussions, the SEC?s vote will probably not be public. This information was obtained by us on January 08, 2019 8:23 PM. See www.trustnodes.com for complete listings from this source.
Cory Fields Reveals Now Fixed Critical Bug in Bitcoin Cash That Could Have Chain-Split the Currency
Cory Fields, a Bitcoin Core developer who joined the project around 2013 through MIT?s Digital Currency Initiative, anonymously revealed in April a critical bug in one of the main Bitcoin Cash clients which could have split the currency. In a follow up statement, Bitcoin ABC explained the bug as allowing an attacker to create in incompatible transaction which when mined in a block would have led to a fork. They say: ?An attacker may construct a malicious transaction which would be accepted by Bitcoin-ABC 0.17.0 and mined into a block. This block would be rejected by all other versions of Bitcoin Cash compliant implementations. The malicious transaction would contain the bitflag of 0x20 set in the signature hash type.? This item was first seen by us on January 08, 2019 8:22 PM. Have a look at www.trustnodes.com for additional posts.
Bitcoin Cash to Adjust Difficulty Algorithm in Two Weeks
Bitcoin Cash is finally to update its difficulty algorithm, targeting an average confirmation time of ten minutes, through a hardfork expected to occur on or around November 13th, exactly two weeks from today. ?The original Bitcoin Cash ?EDA? allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for users, and radically shifts the coin issuance schedule,? the project said in a statement. Therefore, they are to change it to a new algorithm proposed by Amaury Sechet, the lead developer of Bitcoin Cash. That was selected among three contenders, the other two being from Tom Harding and Neil Booth who manage different Bitcoin Cash clients. This publication was first found by us on January 08, 2019 8:22 PM. Visit www.trustnodes.com for more from this source.
Trump's Son-in-Law, Jared Kushner, Claims Bitcoin Extortion Attempt
The Washington spectacle of Russia?s role, if any, in Trump?s last year election now features bitcoin too with Jared Kushner, husband of Ivanka Trump, telling Congress investigators: ?On October 30, 2016, I received a random email from the screenname ?Guccifer400.? This email, which I interpreted as a hoax, was an extortion attempt and threatened to reveal candidate Trump?s tax returns and demanded that we send him 52 bitcoins in exchange for not publishing that information. I brought the email to the attention of a U.S. Secret Service agent on the plane we were all travelling on and asked what he thought. He advised me to ignore it and not to reply ? which is what I did. The sender never contacted me again.? This data was first found by us on January 08, 2019 8:22 PM. You may want to visit www.trustnodes.com for more from this source.
Bitcoin Cash Nears $1,000, Why is BCH Rising More Than Others
When there?s some excitement in the air, children are first to get a bit bubbly, and then of course to jump up and down happy like no other. That may be what is currently going on in the crypto-space. After sentiment begun to turn at the beginning of the month, with ethereum and bitcoin slowly rising, Neo jumped like a little child in excitement. Then Golem jumped, although they had some good news, OMG jumped, yesterday Monero joined the party, but today it?s bitcoin cash raising the question: why is it rising? We don?t see any particular reason for it rising slightly faster than the others in the past two days, so it may well be just sentiment and perhaps sort of pricing in of news not taking into account during the bear market. This article was discovered by us on January 08, 2019 8:22 PM. Browse www.trustnodes.com for complete listings from this source.
One of Bitcoin's Biggest Mining Pool, BTC.TOP, to Start Mining Bitcoin Cash
One of bitcoin?s biggest mining pool, which currently controls 11% of the network, is to start mining Bitcoin Cash this Monday after the currency rose to become 119% more profitable to mine than Bitcoin Core. ?You can mine BCC on btc.top soon. You can change your pool to btc.top. We have over 1000 P hash power right now. We will start to mine BCC on Monday officially. It?s convenient and simple. Our pool will switch to the most profitable chain automatically, let you make 30% more profit everyday,? said a BTC.TOP personnel according to a rough translation obtained by trustnodes. Jiang Zhuo?er, BTC.TOP?s founder, told trustnodes that they will ?offer options, if the miners want to mine BCC, they can change pool setting.? This post was found by us on January 08, 2019 8:21 PM. Have a look at www.trustnodes.com for additional posts.
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Ethereum Much More Likely Than Not to Overtake Bitcoin This Year Says Roger Ver
Roger Ver, a very early bitcoin adopter and now a strong supporter of bitcoin cash, stated that ethereum is ?much more likely than not? to overtake bitcoin. ?If you look at it, ethereum only has to double in price one more time in order to surpass bitcoin?s market cap,? Roger Ver said before further adding: ?Ethereum was around $100 dollars maybe a year ago and now it?s at $800. So it went up 8x last year. I think another doubling for ethereum? all the innovation and stuff that is happening.? Ethereum?s price was actually at around $15 a year ago before it begun a bull run for much of spring to a high of around $420, followed by a bearish summer and then a bullish autumn. This post was retrieved by us on January 08, 2019 8:21 PM. Have a look at www.trustnodes.com to find more similar content.
Ethereum More Popular Than Bill Gates, Warren Buffett, JP Morgan or NYSE, Bitcoin More Popular Than Elon Musk, Lambos, Stocks or NYT
People are a lot more interested in ethereum than Microsoft?s former CEO and once the richest man, Bill Gates, or the so called saga, Warren Buffet, according to google trends. Even though google searches for ethereum have fallen by some 75%, now beginning to rise again, people are still a lot more interested in eth than JP Morgan or even the New York Stock Exchange. Interestingly, one of the only few places where people care more about one of the others than eth is Iran, which for some reason is big on Bill Gates. In other places where eth doesn?t prevail, it is a pretty close call, but most of the big countries, like China and Russia, as well much of the developed world, cares considerably more about eth than Gates, his buddy Buffett, or the lot. This publication was first found by us on January 08, 2019 8:21 PM. Check out www.trustnodes.com for additional posts.
Blockchain Without Bitcoin Was a Dead End Says Balaji
Balaji S. Srinivasan, CTO of Coinbase, has stated that the banking movement of private blockchains is arguably overrated. Speaking at EthSanFrancisco, Srinivasan said: ?I always respect folks who are working hard and respect entrepreneurs, and so on. I do think that the whole banking movement of blockchain not bitcoin, private blockchain and so on, is arguably overrated. The reason is I think a blockchain without a native digital asset is something which, you know you?ll lose a lot of the benefits of a blockchain I believe. I think private blockchains may have a V.2 where people realize: hey I?ll do like a private ICO where it?ll be set-up like a joint venture where you have ten companies in a consortium, but they have actually a percentage of the token. This publication was retrieved by us on January 08, 2019 8:20 PM. Have a look at www.trustnodes.com for additional posts.
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