Bitcoin

Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving

Bitcoin and ether are trending down as traditional markets closed in the red Wednesday.  On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well.  Notable assets down in the dumps on CoinDesk’s big board include …

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Film Reels and Steel: Github Plans to Archive Bitcoin Code for 1,000 Years

</header> <strong>The Microsoft subsidiary, Github recently revealed the “Archive Program,” an initiative that aims to preserve open source technologies for 1,000 years. The newly launched effort plans to store snapshots of open source technology 250 meters underground on the Norwegian island of Svalbard. The source code management and collaboration platform also plans to store the …

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Online Black Markets’ Bitcoin Revenues Take a Hit Amid Pandemic

The coronavirus pandemic has touched every corner of the world economy – even the seedy underbelly of internet commerce. Customers spent fewer bitcoins at darknet markets over the last two months despite the slide in the cryptocurrency’s price, according to data from blockchain surveillance firm Chainalysis. Darknet markets are websites that facilitate the sale of illegal …

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The Many Facts Pointing to Wei Dai Being Satoshi

</header> <strong>Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin inventors. One particular suspect is the computer engineer Wei Dai, the creator of the b-money system and the Crypto++ cryptographic library. Since the Bitcoin network was launched in 2009, a number of people …

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Indian State Ministry Discusses Cryptocurrency Plans With Founders of Crypto Bulls Roadshow

</header> <strong>An Indian state official recently met with the founders of the “India Crypto Bulls” initiative and discussed cryptocurrency development, investment, and innovation in India. News.Bitcoin.com talked to Kumar Gaurav, one of the founders, to find out more about the meeting.</strong> Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About …

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Bitcoin and Visa Transactions Plunge But Pizza Deliveries Are Up

Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions. With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase in online purchases and deliveries. …

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Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

</header> <strong>Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts …

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Proof of Stake Vs. Proof of Work: Which One Is ‘Fairer’?

This is the first of two articles providing a deeper dive into the eternal debate between the Proof of Stake (PoS) and Proof of Work (PoW) consensus algorithms. This part will focus on the basics, while also discussing the issue of wealth concentration and inequality, which is often at the center of any community argument. …

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Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities.  On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and ether (ETH) was up slightly as well. The performance of …

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Bitcoin All-Time High in 2020? Chances Are Only 4%, Options Market Signals

While many analysts are predicting a bitcoin (BTC) bull run, the options market sees a very low probability of the cryptocurrency hitting a new record high by December. The cryptocurrency is currently trading around $6,450 – down over 200 percent from the record high of $20,000 set in December 2017.  The options market shows just …

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