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Tag Archives: news

Bitcoin news roundup, June 25, 2017

This week’s summary of various cryptocurrency news and developments: New developments: SegWit2x, a bitcoin scaling proposal, has been signaled by over 80% of the bitcoin network Back in May, the Digital Currency Group (DCG), one of the industry’s largest investment firms led by Barry Silbert, revealed a new bitcoin scaling proposal. Essentially, a group of 58 companies, representing 83.3 percent ... Read More »

Bitcoin news roundup, June 18, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitmain announced a UASF contingency plan, the User Activated Hard Fork (UAHF) Bitcoin’s scaling debate is getting harder and harder to follow. A part of the Bitcoin community is to activate the BIP 148 User Activated Soft Fork (UASF) on August 1. The plan is to only accept blocks ... Read More »

Bitcoin news roundup, June 11, 2017

This week’s summary of various cryptocurrency news and developments: New developments: A CNBC commentator claims Bitcoin could reach $1 million thanks to ransomware CNBC commentator Jim Cramer, on the show “Squawk on the Street”, recently responded to a previously made comment by Business Insider CEO Henry Blodget who said Bitcoin could reach $1 million. According to Cramer Bitcoin could reach ... Read More »

Bitcoin news roundup June 4, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Ross Ulbricht’s life sentence appeal has been denied Silk Road founder Ross Ulbricht saw his life sentence appeal denied this week by the U.S. District Court of Appeals. Ross Ulbricht’s legal team argued that the IP addresses central to the case were obtained without a warrant and as such, ... Read More »

Bitcoin news roundup May 28, 2017

This week’s summary of various cryptocurrency news and developments: New developments A bitcoin scaling agreement has been reached According to an announcement published by the Digital Currency Group, a bitcoin scaling agreement has finally been reached. The agreement was met by a total of 56 companies that represent 83.28% of the network’s hash power, including several prominent organizations such as ... Read More »

Bitcoin news roundup, May 20, 2017

This week’s summary of various cryptocurrency news and developments: New developments: WannaCry ransomware campaign netted hackers nearly $100,000 in bitcoin A massive global ransomware campaign using a strain known as WannaCry, carried out by an unknown author, recently hit organizations in nearly 100 countries using an NSA exploit and demanded a bitcoin ransom in return for the victims’ files back. ... Read More »

Bitcoin news roundup May 14, 2017

This week’s summary of various cryptocurrency news and developments: New developments: There are over 150,000 unconfirmed bitcoin transactions Unconfirmed bitcoin transactions reached an all-time high this week, as according to Blokchain.info the number got as high as 160,000 – at the time of press, there are currently 156,900. It isn’t yet clear what caused a spike in the number of ... Read More »

Bitcoin news roundup, May 6, 2017

This week’s summary of various cryptocurrency news and developments: New developments: OneCoin lawyers are threatening news outlets and whistleblowers The OneCoin organization, according to TheMerkle and Bitcoin.com, has threatened to sue media outlets and whistleblowers that point the finger at their operations. This week, two bitcoin proponents – journalist Friedemann Brenneis and bitcoin enthusiast Bjorn Bjercke – came forward with ... Read More »

Bitcoin news roundup April 30, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Understanding Antbleed, bitcoin’s new controversy After the AsicBoost controversy, bitcoin now has the antbleed controversy to deal with. Essentially, a mining chip vulnerability involving controversial company Bitmain could be used to remotely shut down bitcoin mining hardware, as the company added a “backdoor” that allows them to control hardware ... Read More »

Bitcoin news roundup April 23, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Litecoin to implement Segregated Witness Litecoin’s scaling debate is seemingly coming to an end, as miners and developers reached an agreement over the future of one of the largest cryptocurrencies. The agreement came after an 8-hour long meeting on WeChat between miners and developers. The final decision was to ... Read More »

Bitcoin news roundup 15 April, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Support for a UASF has been building up Last week, DeepDotweb reported some miners were allegedly engaging in unfair practices that can harm the network, and that was just one more chapter of bitcoin’s seemingly never-ending scaling debate. News of these alleged practices created a movement, as many believe ... Read More »

Bitcoin news roundup, April 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Some miners are allegedly engaging in unfair practices that can harm the network Bitcoin Core developer and Blockstream CTO Greg Maxwell recently alleged through a bitcoin mailing list that a major mining hardware company has been exploiting a known weakness in bitcoin’s proof-of-work system, allowing the company to mine ... Read More »

Bitcoin news roundup April 2, 2017

This week’s summary of various cryptocurrency news and developments: New developments MasterCard survey shows European shoppers are wary of digital currencies According to CoinDesk a survey conducted by MasterCard shows European consumers don’t seem to be too fond of digital currencies when paying for things online. The survey reportedly polled nearly 43.000 people between the ages of 18 and 64, ... 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 »

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 »