Cryptocurrency News With URL like www.longhash.com

BSV hashrate is plummeting, down 37
The biggest story in the Bitcoin world over the past couple of weeks has been the increased rejection of Bitcoin SV (BSV) by prominent members of the Bitcoin community. BSV was created as a spinoff coin of Bitcoin Cash (BCH) last November. BSV differs from BCH in that it has a larger block size limit and a lack of some specific smart contract functionality. Many Bitcoin users never took BSV seriously due to the fact that it is highly centralized behind CoinGeek Founder Calvin Ayre and nChain Chief Scientist Craig Wright, who has made numerous highly dubious claims about his credentials over the years (as pointed out by Wikileaks, longtime Bitcoin Core contributor Greg Maxwell, Charles Sturt University, Ethereum creator Vitalik Buterin, and others). But the indifference toward BSV turned to outrage when some in the crypto community: including Blockstream CEO Adam Back, What Bitcoin Did host Peter McCormack and the pseudonymous Twitter user Hodlonaut; started to receive legal threats regarding their references to Wright as a fraud.

West Virginia will use blockchain voting in the 2020 presidential election
West Virginia made history last year as the first US state to use mobile blockchain voting for a midterm election. While the process seems to have gone smoothly, the state drew a lot of criticism for applying a new technology to something as sacred as the ballot. Here's how it worked. Military voters overseas (or UOCAVA voters) in select West Virginia counties could cast their ballot via Android or Apple smartphones. Ballots were then stored on a network of blockchain servers. More detailed information can be found here. Last year, I wrote about West Virginia's foray into blockchain voting for CNN. Recently I spoke again with Donald Kersey, elections director and deputy legal counsel in the West Virginia Secretary of State's Office, to discuss went well and not so well in November.

The transaction fees alone in Bitcoin blocks are worth more than block rewards for Bitcoin Cash miners
Bitcoin and Bitcoin Cash have different strategies when it comes to payments. In Bitcoin, the block weight limit is kept relatively low in order to keep the cost of operating a full node at a manageable level. The idea is to use the Lightning Network for payments with the base blockchain acting as a sort of settlement layer. With Bitcoin Cash, there is a greater focus on cheap, on-chain payments today through the use of a larger block size limit at the cost of potentially making it more costly to participate in the system although in practice Bitcoin Cash blocks are usually around one-twentieth or less the size of a normal Bitcoin block due to a lack of adoption.

30 of top 100 cryptocurrencies were up over 15% in February
The cryptocurrency industry has been through a lot since the temporary high that digital assets like Bitcoin and Ethereum experienced in late 2017. As a result of these currencies plummeting from their all-time highs, many investors say the industry is in a bear market. In spite of this, February of this year was a bright spot for many digital assets. While leading cryptocurrencies have not reclaimed their December 2017 prices, many have shown exponential growth in the short term. Over the last month, 14 different digital assets increased in value by as much as 40% or more. According to the Messari.io's digital asset tracker, over a dozen digital assets increased by at least 40% over the last 30 days. In order to interpret this information, we specifically considered the assets that Messari lists as being in the top 100 by market cap.

Bitcoin blocks just hit an all-time high of a 1
Bitcoins daily average block size made a new all time high recently at 1.3 MB per block. This is made possible by certain BTC scaling solutions like SegWit, as well as continued demand for the network. Just three months ago, Bitcoin blocks were only 1.2 MB in size, and six months ago Bitcoin blocks were 1.1 MB in size. With SegWit adoption recently hitting all-time highs, Bitcoin is continuing to accommodate more transactions while keeping network fees near all-time lows.  Continued efficiency in packaging on-chain transactions is only one of Bitcoin's recent accomplishments. Off-chain transactions on Lightning Network are also continuing to grow rapidly, as Lightning Network development begins to bear fruit in the form of early consumer applications and games. 

99% of all Bitcoin owned by 8
An upsurge in activity among long-dormant Bitcoin wallets in the last quarter of 2018 has weakened the power of so-called whales, increasing the supply of actively traded coins. LongHash spoke with Eric Stone, head of data science at Flipside Crypto, to get his thoughts on the reactivation of large Bitcoin accounts. Can you summarize the key findings of Flipside Crypto's research on the activity of long-dormant Bitcoin accounts At the moment, 8.59% of non-empty Bitcoin wallets collectively own 99% of all the Bitcoin supply. This is up from 6.7% in November 2017 just prior to the big run-up toward $20,000 and is the highest we've seen, exceeding the previous high of 8.56% in January 2016.

Bitcoin daily tx volume is greater than all other top 10 coins combined!
In the beginning, there was only Bitcoin. Now, there are thousands of altcoins vying for a spot on the frontpage of the crypto asset charts. However, none of these newcomers have been able to come close to Bitcoin in terms of practically any measurable data point. For example, Bitcoin still processes more US dollar-denominated transaction value per day than all of the other top ten crypto assets combined, according to Coin Metrics. Here are the 30-day averaged adjusted transaction volumes for the top ten crypto assets ranked by market cap as of January 16th: Combined, the non-Bitcoin crypto assets in the top ten process $1.19 billion worth of estimated transactions per day.

Peru's LocalBitcoins tx volume is up 250% in the last year
People all around the world use the peer-to-peer exchange LocalBitcoins to buy or sell Bitcoins for cash. LocalBitcoins data can thus offer valuable insights into global crypto trends. As you can see in the chart below, in 2017, LocalBitcoins trading was dominated by just three countries. The United States, China, and the United Kingdom accounted for 61% of the global LocalBitcoins trading volume. But 2018 has been quite different. Where just three countries controlled more than half the market in 2017, that same chunk was split among five nations in 2018: the United States, China, the United Kingdom, and newcomers Venezuela and Nigeria. (Note: the slice labeled "Europe" in the chart below refers to Eurozone countries, which were counted together in this data set due to the fact that they share a single currency, but are still separate nations for the purposes of our analysis.)

How Ethereum Measures Up to the Stock Market - Longhash
One common complaint about Ethereum, a global computing network, is that its transaction time is just too slow. Some have compared Ethereum blockchain to Visa, for example, pointing out that the former processes 15 transactions per second while the latter does more than 45,000. Ethereum's speed in hindered by the fact that there is a limit to the the number of computations per block. A skeptic would say that this slow transaction time proves that Ethereum is insufficient as a payment platform. An optimist, on the other hand, would argue that this is just the beginning, and there's plenty of room to scale.

Bitcoin transactions are up over 50% in the last 6 months
One statistic that provides some insight is the number of transactions that occur each day. The amount of Bitcoin transactions actually increased by around 54% in the last six months. On January 14, 2019, Bitcoin processed over 326,500 transactions according to BitInfoCharts. Exactly six months ago on July 14, 2018, the amount of daily Bitcoin transactions was just shy of 176,350. As our chart shows, this 176,350 transaction figure was actually during somewhat of a high point during this period of time. A few days later on July 22, there were less than 166,950 Bitcoin transactions. There are, however, factors that muddy this statistic. One is a scaling solution known as batching, which lumps together transactions in order to place less strain on the blockchain. As batching becomes increasingly common, the actual amount of Bitcoin transactions occurring could be higher than the amount of individual transactions that are recorded on the blockchain.

Bakkt approval date delayed until April due to US gov't shutdown!
According to information obtained by Longhash, the US government shutdown has already created problems in the world of crypto. Bakkt, a platform for using and trading crypto owned by global financial markets company Intercontinental Exchange (ICE), has postponed its launch until the spring due to the shutdown. The shutdown will also stymie the planned launch of a new Bitcoin Exchange Traded Fund (ETF) by fintech firm SolidX Partners. The Bakkt delay is due to the fact that the company requires the approval of the US's Commodity Futures Trading Commission (CFTC). According to information obtained by Longhash, the shutdown has moved that approval date back to April.

Winklevoss Twins see Bitcoin surpassing gold market cap - with the right regulations in place
In a discussion with Fortune this week, Tyler and Cameron Winklevoss expressed their belief that Bitcoin could overtake gold's place in the market should the right regulatory environment emerge. The Winklevoss twins are, of course, major players in the current cryptocurrency landscape. The pair was previously reported to be the world's first Bitcoin billionaires. Together, they own Gemini, a cryptocurrency exchange. It is no secret that the Winklevoss twins are champions of regulation. Headquartered in New York, Gemini is often advertised as an outwardly regulatory-compliant crypto exchange. In fact, their recent Revolution Needs Rules campaign echoed this sentiment with a full-page ad in the New York Times.

10% of Stellar addresses do more than 10 transactions per month
Airdrops -- sending free tokens to users blockchain addresses -- can be a powerful crypto marketing tool. Done right, they can build brand awareness, foster community, and kick-start a new token economy. In 2017, a blockchain startup called OmiseGO launched a batch of airdrops. Hoping to spread their token widely and give something back to the Ethereum community, OmiseGo decided to airdrop tokens to ETH holders with an account balance of above 0.1 ETH, even if those people hadn't requested or even heard of OmiseGO tokens. Since then, many token projects have replicated the OmiseGO model. But does this popular approach actually work Many people who receive an airdrop invitation treat it as spam. Others may accept it but still have no interest in using the tokens they receive. Giving away tokens to users who ignore them isn't an effective community-building strategy.

There were 411 major crypto conferences in 2018
It is often said that conferences are blockchains most visible real-world application. All over the world, industry types get together to share their thoughts, network, or promote their products. The conference craze shows no sign of stopping, even in a bear market. Despite the price of Bitcoin and other cryptocurrencies plunging in 2018, there were as many as 411 conferences related to cryptocurrencies and blockchain technology, according to findings from Bitcoin Market Journal. In other words, there were more cryptocurrency-related conferences than there were days in the year. Several of the listed events were projected to have 5,000 attendees or more. Some of the conferences that anticipated this level of attendance include MoneyConf, Blockchain World Conference, Dubai International Blockchain Summit, Malta Blockchain Summit, and the Blockchain & FutureTech Expo. Many other blockchain and cryptocurrency conferences, on the other hand, hosted far fewer guests. Our previous data analysis found that in the world of meetups, at least, lower Bitcoin prices correlated with fewer attendees.

Another Ethereum fork is coming
As a project in continuous development, Ethereum occasionally undergoes significant upgrades, called forks, that allow for the implementation of new technologies or change the rules of the blockchain. The next of these planned updates is called Constantinople, and it will bring changes to Ethereums rules about block rewards and new ETH generation implemented into the chain. It's scheduled to go live at the block height 7,080,000, which probably falls in mid-January 2019. While some have suggested the fork is a bullish sign, forks are risky events. How should you approach investment in the period leading up to and following a hard fork We decided to take a look at how the market responded to five previous ETH hard forks to find out.

Bitmain has lost 28% of it's BTC mining market share in last 6 months
Back in 2011, you would hear about college seniors using computer science labs to mine Bitcoin. By late 2017, however, it became pretty clear that if you didn't have an ASIC mining machine, you had no chance of becoming a serious miner. Large mining pools steadily controlled a considerable portion of the Bitcoin network's computing power.  This wasn't always the case. In the early days of Bitcoin's growth, mining was more distributed. As digital currency continued to grow, mining became more lucrative. Now, hashrate is increasingly concentrated in the hands of several large mining pools. The chart below shows the historical distribution of Bitcoin computing power since 2016.

The positive catalysts for Bitcoin in 2018
For much of 2018, Bitcoins price fluctuations were difficult to anticipate or even explain. We know that investors are concerned about regulation, and that negative news can drive prices down, but Bitcoin's value cannot be boiled down to just one influence. To explore the impact of positive events on Bitcoin's price this year, LongHash looked at the correlation between Bitcoin's small moments of success and the news stories that occurred at the time. In the beginning of 2018, Bitcoin lost some of its momentum from the previous year. While December 2017 saw Bitcoin climb to new heights, January and February saw Bitcoin slowly return to Earth.

A full ranking of the most popular whitepaper words
Since the arrival of Satoshi Nakamoto's seminal Bitcoin white paper in 2008, white papers have become a staple of the blockchain industry. These papers provide information on blockchain projects and sometimes try to lure investors. LongHash's previous analysis demonstrated how white papers have grown longer through the years. Now, we have identified the most popular topics among white papers. To get a big-picture view of the industry, we analyzed the language of 2,431 white papers with an eye on thematic trends. Below, you can see a chart that demonstrates the distribution of topics, and how frequently each topic was discussed. White paper themes covered everything from games to art to logistics to charity to food.

Dogecoin processing 4x as many payments as Bitcoin Cash
The Bitcoin Cash network was launched on August 1, 2017 out of a desire to increase Bitcoin's block size limit and lower on-chain transaction fees. While Bitcoin Cash did not gain enough support to become Bitcoin, the spinoff network continues to exist as an altcoin. Of course, Bitcoin Cash is not the only cryptocurrency network that has decided to focus on low, on-chain transaction fees. And while some proponents of Bitcoin Cash were talking about overtaking Bitcoin roughly a year ago due to a hypothetical mining death spiral scenario, it's now clear that isn't coming anytime soon. In fact, Bitcoin Cash hasn't been able to gain much more traction than Dogecoin or a variety of other altcoins on the market.

Pomp: "ICOs were a horrible investment opportunity"
With investors wondering about the state of the cryptocurrency market, LongHash asked Morgan Creek Digital founder and partner Anthony Pompliano to share a few thoughts. We also included select questions submitted by our followers on Twitter. What advice would you give to someone looking to break into crypto today Spend time learning as much as you can. Reach out to people in the industry it is incredibly collaborative and people are willing to help.   What is one thing you believe that other crypto funds would disagree with you on ICOs were a horrible investment opportunity and people/funds should have refrained from investing in most of them.  

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