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Tag Archives: bitcoin

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Tutorial – How To Accept Bitcoin Payments On Your Website

Bitcoin is an attractive payment method for online entrepreneurs mainly due to the fact that its transaction fees are negligible when compared to other popular online payment methods such as wired transfers, payment processors (e.g. Paypal) or credit card transactions. Accordingly, this can lead to a higher profit margin, a more competitive pricing model and the ability to offer services ... Read More »

Bitcoin news roundup, March 26 2017

This week’s summary of various cryptocurrency news and developments: New developments: A bitcoin scaling meeting may take place in May According to CoinDesk, a small group of bitcoin industry leaders, developers, and miners plan on discussing the cryptocurrency’s future in a meeting taking place in New York, in May. A notice including a list of potential guests was posted to ... Read More »

Woman Buys Drug From Darkweb With Bitcoin, Faces 4 Years in Prison

Jamie Marie Robertson, a 32-year-old woman charged for unlawful use of a communications facility, pleaded guilty in the Lubbock federal court. Robertson will face up to four years in prison for her key role in the distribution of fentanyl on the darknet, a powerful synthetic opiod analgesic that is 100 times more potent than morphine, according to the National Institute ... Read More »

A brief summary on Bitcoin Unlimited

Following the growing need for a scaling solution to be implemented in Bitcoin, the prospect of a hard fork to the Bitcoin Unlimited consensus rules seems to be becoming a very real possibility. Exchanges have issued a group contingency plan in case of an hard fork stating that Bitcoin Unlimited will be listed as an alternative cryptocurrency. Bitfinex has even ... Read More »

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A Public Transport Ticketing System That Accepts Bitcoin

In many parts of the world today, public transportation is faced by the problem of seemingly inconvenient ticketing processes. Bitcoin is a decentralized currency that can easily solve such problem. A group of developers from Liverpool University proposed a novel ticketing system for public transportation, which is comprised of an automatic ticketing vending machine that supports bitcoin payments. An essential ... Read More »

Bitcoin news roundup March 19, 2017

This week’s summary of various cryptocurrency news and developments: New developments: A code bug exploit knocked nearly 70% of Bitcoin Unlimited nodes offline On March 14, nearly 70% of nodes running Bitcoin Unlimited (BU) were knocked offline, after a bug in the software’s code was found. The bug was first flagged by a BU developer, but then spread on social ... Read More »

Trust Is Risk – Bitcoin Based Reputation System for Online Decentralized Marketplaces

Online marketplaces can be either centralized or decentralized. Ebay is one of the most popular centralized online marketplaces, while OpenBazaar is by far the most popular decentralized online marketplace. Online marketplaces rely, in a way or another, on creating a reputation system for both sellers and buyers, which is a common denominator between centralized and decentralized marketplaces. In most cases, ... Read More »

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Bitcoin Price Analysis 15.3.17

This week, the build up to the Coin ETF decision by the Securities and Exchange Commission, climaxed after the application was rejected. Volatility resumed just in time for a massive spike to $1350 that was quickly followed by a sharp sell off to $975 – all in under 5 minutes on Friday afternoon. The ETF decision drew mixed feelings – ... Read More »

UK Gov’t Says Bitcoin Ransomware & Banking Malware Are Top Frauds

The National Crime Agency (NCA), a national law enforcement and police agency in the UK, officially announced that bitcoin ransomware and banking malware are top cyber threats against businesses and the public. In the past 12 months, the vast majority of multi-trillion dollar industries, major corporations and even law enforcement agencies have fallen victim to sophisticated bitcoin ransomware attacks. As ... Read More »

Bitcoin news roundup, March 5, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Self-proclaimed bitcoin creator Craig Wright is filing numerous blockchain-related patents Craig Wright, the Australian businessman who has, in the past, claimed to be Satoshi Nakamoto, was recently on the news due to an investigative report published by Reuters. The report claims Craig Wright is filling dozens of blockchain-related patents, ... Read More »

Op-Ed: China No longer controls the price of Bitcoin

For a long time, China was the elephant in the room. The influence of the 2nd largest economy on Bitcoin was unsettling, deeply misunderstood and widely discussed. 61% of the mining power that secures the Bitcoin blockchain network is based out of the mainland, and up until recently, media reports cited over 90% of Bitcoin trading volumes were on Chinese ... Read More »

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Bitcoin Price analysis March 1 2017

Bitcoin Makes New Historical Highs – This week the price of Bitcoin continued up from last week’s $1122 to a new all time high (ATH) price across all exchanges. European exchange Bitstamp, clocked in at $1222, $55 above the $1163 high from December 2013. Soon after, price dipped back below the all time high on the 2H – 6H time ... Read More »

Bitcoin news roundup, February 26, 2017

This week’s summary of various cryptocurrency news and developments: New developments: The Chinese province of Sichuan is becoming the country’s bitcoin mining capital According to the China Money Network, bitcoiners keep on trying to move to mountainous regions where mining equipment can naturally be cooled down without the need for additional resources. This has led to an exponential growth in ... Read More »

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A Bitcoin Framework For Sending Bitcoins Using Low-end Mobile Phones

Bitcoin is a decentralized peer-to-peer (P2P) currency that was innovated to provide a payment system that omits the need for banks and third party intermediaries. In some parts of the developing world, bank fees can be unaffordable, especially in poor rural communities. Moreover, access to retail banking services can be limited in such areas, which can lead to imbalances in ... Read More »