Cryptocurrency News With URL like bitcoinmagazine.com

The Dollar Is Going to Self Destruct : Talking Bitcoin With Ron Paul
Colin is an associate editor and staff writer for Bitcoin Magazine. He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think. Dr. Ron Paul was into sound money before it was cool. Before he became an initiate in the Austrian school of economics, he served as a flight surgeon in the United States Airforce and as a private practice OBGYN in Texas. Proselytized by the works of Ludwig von Mises and Ayn Rand, Paul decided to run for Congress in the 70s following the termination of the Bretton Woods agreement an international pact that was the dollars final, albeit tentative, tie to the gold standard.

"How Many Wrongs Make a Wright " (Craig Wright is a scammer report)
Op Ed: How Many Wrongs Make a Wright In other articles and on social media, some people have called into question Craig Wright's character on a personal level and tried to establish patterns of fraudulent business practices not specifically related to the matter at hand. While my research led me to examine these allegations, I decided to narrow the focus of this particular article on evidence solely as it relates to Wright's claims that he is Satoshi Nakamoto, the creator of Bitcoin. Craig S. Wright burst upon the Bitcoin scene in 2015 as a mysterious and controversial figure who claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

back when the xrp account reserve was 200 xrp
Up until now Bitcoin has been, by far, the most powerful contender in the cryptocurrency market. Other alternative coins, such as Namecoin, Solidcoin and Litecoin, have arisen to offer various modifications on the core Bitcoin concept but, despite over a year's worth of development and dozens of attempts, none have achieved anything close to Bitcoin's level of success. Litecoin is perhaps the most prominent out of all the alternatives, its price hovering around $0.07 USD and even slowly increasing over the past six months, but so far the overwhelming majority of merchants and merchant platforms, for that matter have seen no reason to pay attention to them. Now, that may finally change with decentralized cryptocurrency's new kid on the block: Ripple.

When Bubbles Pop: An Infographic
When the bubble pops, people don't realize it at first. When the bubble pops, it's always just another volatile day. It's just a correction. A road bump on the way up. Buy the dip! It'll bounce back, just you wait. Until it doesn't and it becomes painfully apparent that the bull run is over and it's a long a very long way down. And not just for the red candle addled price, but for the network, its transaction counts, and general interest as well. No one likes the bear. But here's some solace: It acts pretty predictably. Network data and activity follow the price, things bottom out, the ecosystem re-achieves an equilibrium and then it makes another run rinse and repeat. It's happened several times before.

Living On Bitcoin Day 2: Being Unbanked Has Been Easy But Also Hard
Living On Bitcoin Day 2: Being Unbanked Has Been Easy But Also Hard This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here. I woke up on Christian's couch stiff-necked and cotton-mouthed. A bit more fitting for the living on internet money survival vibe, yeah A friend of a friend of Christian's roommates (who are starting a business and moving to LA today) was out cold on an air mattress next to a stripped Christmas tree, snoring into the streams of soon-after-sunrise light filtering through the window. Another blow-up mattress adjacent to the couch was vacant. Its former occupant, Julian Martinez, a copywriter at Quantstamp and Christian's friend, had left early in the morning, politely folding his sheets before he left.

Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto. The initiative, which launches today, January 16, 2019, is available in all 50 American states. Essentially, this partnership allows companies across the United States and Puerto Rico to fund their W2 payrolls and payroll taxes in ether and bitcoin. At the other end, employees can choose what percentage of their wages will be paid in bitcoin or paid in fiat currency.

New Coinbase Additions: Ethereum Classic and Crypto Index Fund | Bitcoin Magazine Verified on Po.et
Randolph is writer who lives and works in Nashville, Tennessee.   He is excited for the revolutionary potential of a decentralized world. Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco'based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.   Its addition to the exchange has revamped public interest in Ethereum Classic and sent the price of its native currency, ETC, into a dramatic state of flux.

Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad | Bitcoin Magazine Verified on Po.et
Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad In the current cryptocurrency hysteria, everyone is a level 70 blockchain wizard launching a new hedge fund. Weiss Ratings released their cryptocurrency ratings yesterday. In response, they received a lot of criticism on social media. And rightly so. I'll get to the specific issues with the Weiss Cryptocurrency Ratings, but first I need to point out that the low quality of these ratings is merely an illustration of the current hysteria around cryptoassets more generally. Weiss Ratings has a long history as an independent ratings agency covering traditional assets, but it's clear they don't understand Bitcoin at all. However, they've proclaimed that they're the cryptocurrency experts who can tell you whether speculating on the price of a specific token is a safe bet.

Robinhood's First Tentative Steps Into Cryptocurrencies Appeal to Traders | Bitcoin Magazine Verified on Po.et
The Robinhood mobile app for smartphones, operated by a financial services firm  headquartered in Palo Alto, allows individuals to invest in publicly traded companies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. Earlier this year, the company announced that it was branching into cryptocurrency trading with Robinhood Crypto. The Robinhood business model is based on collecting interest on the cash and securities in Robinhood accounts, much like a bank collects interest on cash deposits, rather than charging traders with commissions. Besides that, Robinhood sells premium Robinhood Gold accounts priced at $6 per month, with extra features such as the possibility to trade after hours and borrow capital.

European Banking Regulators Call for Unity in Crypto Regulations
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent. On January 9, 2019, the European Banking Authority (EBA) published its assessment of crypto laws. The document, which examines the sustainability of EU laws to cryptocurrencies, analyzed the use of digital assets within the EU, as well as some of the pan-EU laws that currently govern them.

Educating the Next Wave of Bitcoin Developers
Hyperbitcoinization enthusiast and writer Bitcoin is an open-source protocol that anybody can interact with. It is getting attention and attracting participation in different ways, whether it is through speculation, investing and sending money, all the way to contributing to what's underneath the hood. The entire Bitcoin repository is on GitHub, inviting any developer to see the protocol's code and perhaps contribute toward solving existing problems if they can. A noteworthy fact, however, is that the pool of developers today is quite small. It's not an easy field to get into, Jimmy Song, author of Programming Bitcoin and instructor at Programming Blockchain, told Bitcoin Magazine. Interestingly enough, the thing that makes Bitcoin hard to get started on is the cryptography, and that's hard because the math is not familiar to developers. Specifically, finite fields and elliptic curves.

Living on Bitcoin Day 1: That's Not Going to Work
Living on Bitcoin Day 1: That's Not Going to Work The point is to get people to think about bitcoin, not spend it. I don't think it's good for that. It's not meant to be used like cash, Jeremy Gardner, founder of Ausum Ventures, advised me. Satoshi created a decentralized store of value, probably encapsulates his thesis that bitcoin is best unspent better to hoard it like gold. To Gardner, using it as a currency is not only impractical. It is counterintuitive. After all, journalist Kashmir Hill experimented with living on bitcoin as early as 2013, so it should be easier now, right Well, it is and it isn't. Nearly six years later, I'm discovering that, while bitcoin's payment infrastructure has advanced, its use as a method of payment, at least in San Francisco, has seemingly regressed.

Bitmain Continues to Downsize Amid Management Restructuring Reports
Landon Manning is an editorial intern at BTC Media and writes articles for its publications, including Distributed.com and Bitcoin Magazine. Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam. Throughout December 2018, for example, like many companies in the crypto space, Bitmain appeared to be gearing up for a wave of layoffs. With employees taking to semi-anonymous, Chinese forums to describe their experiences, reports claimed that entire departments were completely shuttered, and about half of the entire workforce was due to be sacked. Indeed, Bitmain began the month by shutting down all operations in Israel, despite success in that country since 2016.

Bittrex Launches Over-the-Counter Trading Platform for Bitcoin, Crypto
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Major cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk today, January 14, 2018, by 18:00 UTC. The service will allow investors to trade nearly 200 digital assets currently offered on the Bittrex trading platform. OTC trading is popular with institutional investors who trade in large volumes of cryptocurrencies. This form of crypto trading happens between two parties, and it takes place away from the exchanges. OTC trades are often handled via brokers, who offer high-volume traders a trading desk to execute large trades with a faster settlement and lower fees.

Bitcoin Price Analysis: Strong Impulse Tests Macro Support Levels
Bitcoin Price Analysis: Strong Impulse Tests Macro Support Levels Finally, after about a week or so of a tight, range-bound market, bitcoin poked right through support. This swift move dropped the price nearly 10% in the span of just a few short hours: Figure 1: BTC-USD, Hourly Candles, 11% Drop Not only did this move occur on high spread, it occured on high volume. This level of supply and overall lack of demand is nothing something you would want to see if you are feeling bullish regarding bitcoin's market structure. Currently, we are sitting right on top of daily support levels and have yet to close a new low:

Canada's First All-Crypto Legal Firm Opens Its Doors to Global Clientele
Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoins 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses. Cameron-Huff has worked as the lawyer for a Bitcoin core developer, several token-based companies, and dozens of crypto startups. As president of Decentral Inc., he managed a staff of 30 and helped to take the company to 750,000 monthly wallet users. As the first, all-crypto legal services firm in Canada, Cameron-Huff expects the ongoing uncertainty around Canada's cryptocurrency regulations to create some business for him, but he is also looking to build a global presence.

Bitrefill Channel-Opening Service Makes Accepting Lightning Payments Easy
Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not. "This service will let the customer get an empty lightning channel opened to them from Bitrefill's node, on the Lightning Network. Now anyone can now pay for, or gift, the ability to have a channel opened to a Lightning wallet in order to receive payments over Lightning at any time," according to a company announcement.

Bitcoiner 2029: Another Ten Years On
The following is an imaginative, fictitious account of what the world could look like in 2029 and how Bitcoin might evolve to revolutionize economic, monetary and free-market systems. Unfortunately, time machines haven't been invented in this speculative future so we couldn't verify the accuracy of the narrator's experience please take the following story with a healthy grain of idealistic salt. As I walked out on the tarmac, the West Coast winter climate, brisk and sharp, broke over me. The sun set over the west bay in a splendor of sherbert radiance. Some 20 miles away, I envisioned the sepia luster of the Golden Gate stretching across the bay, that bastion of 20th century industry blending with the gradually darkening backdrop of the day's paling light.

Research Firm Charts Unspent BTC and Calls a Market Bottom in Q1 2019
Colin is an associate editor and staff writer for Bitcoin Magazine.  He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think.  How many unspent bitcoins exist How many bitcoins have been lost How many bitcoins are left sitting in wallets, and how does this affect price If any (or all) of these questions have ever popped into your head, you're in good company: They've crossed the minds of analysts at Delphi Digital, the self-named research & consulting boutique specializing in the digital asset market. The firm just released research on the current state of the bitcoin market, and they believe they've forecasted a potential bottom for its declining prices (FYI, they think it's coming sometime in Q1 of 2019, but more on that later). Delphi Digital gave us an early peek at the report before announcing it on social media January 10.

Qtum Completes First Atomic Swap With Bitcoin on Mainnet
Hyperbitcoinization enthusiast and writer Qtum, a blockchain platform that merges the strength of Bitcoins blockchain with the Ethereum Virtual Machine to build decentralized applications, has completed its first atomic swap with Bitcoin on mainnet. This is a big, first step for atomic swaps, a feature that allows for on-chain exchanges, or transactions, between cryptocurrencies on two separate blockchains without the need to rely on a third party. For Bitcoin, this is a big step forward in allowing interoperability between other blockchains and itself in a trustless manner. Atomic swaps are not an entirely new feature, as Bitcoin Magazine has reported on a Lightning Network ERC-20 swap with bitcoin just a few months ago.

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