With Bitcoin, Remittance isn't an Expense, but a means of Profit
April 09, 2019 5:13 PM Thanks to mass media headlines about Crypto prices, a vast portion of the world is now aware of Bitcoin. However, assuming that Bitcoin serves little value besides trading is a grave mistake. Due to its decentralized state, Bitcoin can be quickly moved across borders for a small fee. This makes Bitcoin an extremely effective medium for remittances. When an expatriate (expat), which is a person working in a foreign country, sends money to his or her country of origin, the funds are called a remittance. Every year, over $600 billion are transferred in remittances; India, China, Philippines, Mexico, and Nigeria are the top 5 remittance destinations. Some expat workers from these countries have realized the unique opportunity Bitcoin has provided. They are not only able to save money on remittance fees, but actually, make large sums of money by simply being a remittance provider.
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Interview with Nic Carter & Pierre Rochard on the Economics of The Lightning Network
April 09, 2019 4:52 PM iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS Feed Download Episode MP3 File The file will open in a new window. Click down arrow to download the file. Interview location: Skype Interview date: Tuesday 9th April, 2019 Company: Nic - Castle Island Ventures | Pierre - Independent Bitcoin Advisor Role: Nic - Partner | Pierre - Founder The Lightning Network is a second layer scaling solution for Bitcoin, designed to maintain the security of the protocol while offering a new way for users to send and receive Bitcoin, ideally faster and cheaper. The Lightning technology is new and essentially in a live beta where users are encouraged to test it out, but with small and limited amounts of Bitcoin, still, the capacity of the network is growing fast. As more users come onto the network and the capacity increases, users are finding areas which can be improved, and developers are working to implement upgrades.
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China bans Bitcoin mining This is the first thing I think about
April 09, 2019 4:25 PM "Nahh too old, we use it 15 time already..."
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Cash Shuffle have raised over $8500 worth of BCH in less than 24h!
April 09, 2019 4:22 PM
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Mozilla has announced that all future editions of Firefox will be automatically enhanced with software designed to block crypto-jacking applications such as Coinhive
April 09, 2019 4:02 PM Not everyone?s a fan of crypto. We knew that already, but it appears Firefox is the latest one to push it away. Mozilla has announced that all future editions of Firefox will be automatically enhanced with software designed to block crypto-jacking applications such as Coinhive. To put things fairly, it?s not that Firefox isn?t a fan of crypto. Rather, it isn?t a fan of how it can potentially victimize people. Crypto-jacking is a relatively new and popular method of thievery among hackers. Individuals visit certain websites or pages that have been infected with malware. From there, the malware is downloaded onto the individuals? computers, who ultimately don?t know they?ve been affected.
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Why Bitcoin has Value, "Bitcoin is the hardest Money Ever
April 09, 2019 2:46 PM
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Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression
April 09, 2019 2:06 PM On April 8, BCH developer Jonathan Toomim revealed how far he?s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ?Satoshi Affair? The Bitcoin Cash (BCH) community is all about scaling and increasing the block size, but very adding large blocks is just one part of the equation. In the first week of September, the BCH chain processed some significantly large blocks and millions of transactions per day. However, developers noticed issues with block propagation, bottlenecks, and nodes crashing when very large blocks were processed. Last January, news.Bitcoin.com reported on Jonathan Toomim?s project Xthinner, which could help alleviate such problems in the future. Xthinner is block propagation software that leverages canonical transaction ordering (CTOR) and can compress blocks by more than 90%, if all of the transactions in the block were previously transmitted. On Monday, Toomim detailed that he?s been testing the protocol on the main network and used two Bitcoin ABC full nodes to record his data.
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Crypto mining ban in China could send prices prices soaring according to analyst
April 09, 2019 2:01 PM China?s National Development and Reform Commission has just released a revised list of industries it proposes to encourage, restrict or eliminate. Cryptocurrency mining appears on the list among activities the commission believes should be ?phased out?. The list has been released for public consultation, which ends on May 7. While the news of Bitcoin crackdowns in the most populated country on earth is usually a catalyst for fear, uncertainty and doubt across crypto markets, many analysts believe a full-scale Bitcoin mining ban in China could actually be good news. RELATED: Money flowing into Bitcoin ?like start of 2017 bull run?
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Bitcoin Depot Adds 30 Bitcoin ATMs in Chicago with ZERO Fees
April 09, 2019 12:11 PM As cryptocurrencies continue to influence the financial service industry and provide users with endless possibilities, bitcoin ATMs have proven to play a critical role in the cryptocurrency adoption process. Bitcoin ATMs convert fiat currency into digital cash, ensuring a seamless transaction experience. Bitcoin ATMs, which are also called BTMs or bitcoin kiosks, are among the fastest growing industries around the world due to the increased demand for physical cryptocurrency transactions. In the past year, the numbers of bitcoin ATMs have more than doubled from 2,000 to over 4,000 bitcoin ATMs. The expansions of bitcoin ATMs around the world has been attributed to the increasing acceptance and use of bitcoin for financial transactions. Bitcoin ATMs have made cryptocurrency become a popular form of payment in certain parts of the United States.
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Bitcoin Goes Mainstream As Miss Universe Receives Lightning Torch - Bitcoinist
April 09, 2019 11:35 AM Reading: Bitcoin Goes Mainstream As Miss Universe Receives Lightning Torch Esther Kim | Apr 08, 2019 | 17:00 Esther Kim | Apr 08, 2019 | 17:00 Bitcoin adoption took a step in a new direction this weekend after a former Miss Universe contestant joined the Lightning Torch transaction relay. In what appears to be an unexpected choice, Jeremias Kangas, founder of P2P trading platform Localbitcoins, opted to pass the Torch outside the cryptocurrency community ? to Miss Universe Finland 2015, Rosa-Maria Ryyti. Lightning Torch began in January this year as a stress test for Bitcoin?s Lightning Network, a solution which will allow Bitcoin to scale up to meet the needs of mass adoption.
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What the /r/bitcoin mods don't want you to see (all the red are censored comments)
April 09, 2019 9:46 AM
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Vertcoin Development Update March 2019
April 09, 2019 9:30 AM Over the past year or so we have seen many cryptocurrency ?teams? make quick exits after harsh market conditions and ICO scams, but not us. The team continues to volunteer our time amidst the constant negativity and trash talking. We believe our hard work with pay off again one day. Until then, we offer this update for your consideration. Over the last month, we?ve been in a back-and-forth with the developer of our GPU miners for Verthash. We think we?re close to the end, but unfortunately there are no guarantees since Verthash is an entirely new concept requiring a skill set very few have. Early testing has resulted in a few bug fixes in the Vertcoin Core release we mentioned last month, and there?s an updated testnet running between three nodes (two development team members and the miner developer) that should allow us to verify that the miner is implemented correctly. Once the miner is ready we can hardfork the testnet and get a wider audience looking at Verthash (that includes you!). We want to get this done soon, but this is an entirely new concept, so you?ll have to be a little patient. As always, we?ll keep you informed through this monthly update.
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The Chinese Government Wants To Abolish Bitcoin Mining
April 09, 2019 7:56 AM As per a report from Reuters, the latest in China?s negative stance against cryptocurrencies has seen the nation?s state planner, stating that it wants to ban Bitcoin (BTC) mining according to a draft list of industrial activities that the agency is seeking to stop. Currently, China is the world?s largest market for computer hardware which is designed specifically for mining Bitcoin and other cryptocurrencies. This is despite the fact that this industry previously fell under a regulatory grey area in the nation. On Monday, The National Development and Reform Commission (NDRC) stated that it was to seek public opinion on an updated list of industries that it wants to restrict or completely abolish. The list was first published back in 2011 and has since gone through several revisions.
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Embed 1MB Files on the Bitcoin Cash Chain With the Blockupload Platform - Bitcoin News
April 09, 2019 5:09 AM The software developer known as Deswurstes revealed last week a new project he?s been working on that allowed people to upload files up to 1MB in size to the Bitcoin Cash (BCH) testnet. On April 7, Deswurstes launched the first BCH mainnet version of Blockupload, a desktop platform that allows people to embed larger files into the blockchain without the need for the Interplanetary File System (IPFS). Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ?Satoshi Affair? The developer known as Deswurstes or Mcccs has announced a new project he?s been working on over the last eight months called Blockupload. The platform uses a BCH Op_Return transaction and P2SH in order to allow individuals to upload files to BCH up to 1MB in size. The upload size is higher than the Bitcoin Files project allows, which is roughly a max of 5kb or less, but when using IPFS Bitcoin Files can upload much larger files. Deswurstes says his project doesn?t need IPFS and the open source repository on Github explains that Blockupload is a ?user-friendly tool to upload your files to the BCH chain.?
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With block 570,761 the Bitcoin network processed over 400M transactions during its 10 years of existence
April 09, 2019 3:48 AM With block 570,761 the #Bitcoin network processed over 400M transactions during its 10 years of existence. #
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Coinbase Pro Set To List EOS (EOS), Augur (REP), and Maker (MKR)
April 08, 2019 4:00 PM Coinbase Pro has announced the launching of EOS (EOS), Augur (REP) and Maker (MKR). According to Coinbase, except New York State, trading of EOS and REP will be available in all jurisdictions supported by Coinbase Pro. However, the trading of Maker (MKR) will be not be available in the US, but in all other available Coinbase Pro-supported jurisdictions outside the territory. As time goes on, the exchange says additional regions may be added. Monday April 8, Coinbase Pro will begin accepting inbound transfers of EOS (EOS), Augur (REP), and Maker (MKR). The platform will accept the deposits for 12 hours before it fully activates the trading.
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Litecoin has been making massive headway over the past few weeks
April 08, 2019 3:23 PM Litecoin has been making massive headway over the past few weeks. The cryptocurrency ? a primary competitor to bitcoin and the sixth-largest digital asset in the world by market cap ? has struck gold by beating all previous resistance levels set forth following its December 2017 mega rally. At that time, Litecoin was trading for over $400, though like most cryptocurrencies, it fell deeply in the red following the bearish conditions of 2018. Since then, it has struggled just to reach the $100 mark, though just two days ago, Litecoin did just that. After breaking $80, the currency went on to hit $87, $90 and then $100 respectively in what?s been a steady bull run that?s comparable to both bitcoin and Ethereum.
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Lightning Network-Powered Bitcoin and Litecoin Exchange Sparkswap Goes Live With Public Beta
April 08, 2019 11:42 AM During bitcoin?s massive price decline in 2018, one of the bright spots of the ecosystem was the development of the Lightning Network, which is effectively a secondary payments layer for Bitcoin with faster speeds and lower fees. Although it is still early days for Lightning, there are some signs that the protocol has already overtaken altcoins in terms of the payments use case. For example, the Lightning Network is more popular than any altcoin at online retailer Bitrefill. While most of the hype around Lightning has been focused on payments and microtransactions, the network may also have tremendous utility for cryptocurrency exchanges because it allows them to be non-custodial.
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Tweet: Decred is building bridges with Argentina and all Latin America
April 08, 2019 7:54 AM Visit Twitter for Tweet content.
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Trader closes $34 million Bitcoin short position following reversal signal
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