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Blockchain

Lawsuit Accuses Xapo, Indodax of Negligently Holding Stolen Bitcoin

A crypto trader is trying to seize nearly 500 bitcoin from Xapo and Indodax through a new lawsuit that accuses the two crypto exchanges of harboring his stolen funds. Plaintiff Dennis Nowak, a German resident, and his counsel, longtime crypto lawyer David Silver, filed their demand for jury trial Monday in the U.S. District Court […]

Latest Bitcoin Core Code Release Protects Against Nation-State Attacks

The 20th iteration of Bitcoin Core, the open source software powering the Bitcoin blockchain, was released Wednesday. Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack. An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin transactions. The patch would help […]

Iranian Lawmaker Says Bitcoin Should Be Central Bank’s Turf

An Iranian lawmaker wants his country’s central bank to take bitcoin seriously. Representative Mohammad Hossein Farhangi (Tabriz), speaking Tuesday before the nation’s parliament, called on the Governor of the Central Bank of Iran, Abdolnaser Hemmati, to handle oversight of bitcoin, according to the Tasnim news agency.  Calling proper management of bitcoin a “good opportunity for […]

Market Wrap: As Bitcoin Steadies, Oil’s Turmoil Continues

Both bitcoin and oil were relatively calm Monday, but that when it comes to volatility over the past couple of months, it’s crude, the backbone of global industrialization, that’s seeing wilder swings as of late.  Bitcoin (BTC) was changing hands around $9,575 as of 20:00 UTC (4 p.m. EDT), gaining less than a percent over […]

We Need 30 Different Words for Censorship

‘The best Sundays are for long reads and deep conversations. Recently the hosts of the Let’s Talk Bitcoin! Show gathered to discuss state sponsored propaganda, corporate censorship and how cryptocurrency or decentralization changes the game. The rallying cry of the totalitarian is “He farted first”, but if both systems have produced similar outcomes, is there much […]

Lipton: Stablecoins Can Bridge Central Banks and Consumer Payments

Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. As many still wait to receive the check from the Paycheck Protection Program and Health Care Enhancement Act, which is […]

Amazon Patents Blockchain-Based Product Authenticator

Amazon, a kingmaker of e-commerce and shipping, has patented a distributed ledger-based (DLT) system for proving the authenticity of consumer goods. The U.S. Patent and Trademark Office approved the Seattle tech giant’s nearly three-year-old “Distributed ledger certification” filing on Tuesday. The patent describes using DLT to infuse “digital trust from the first mile of an […]

Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500

Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher.     As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours. Trading seems to support a higher […]

Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels

The price of bitcoin (BTC) shot above $9,100 Wednesday in high-volume buying at around 10:00 UTC (6 a.m. ET) thanks to traders feeling optimistic about the crypto markets.  As of 20:40 UTC (4:40 p.m. ET), bitcoin was trading at $9,162, gaining 3.5% over the previous 24 hours. Trading seems to support a higher upward climb as […]

Market Wrap: Bitcoin Can’t Stick to $9,000 While Stocks Rally

The equities markets far outpaced cryptocurrencies Tuesday on optimism that economic restrictions put in place to help slow the spread of the coronavirus are easing. Bitcoin (BTC) poked its head above the $9,000 level briefly during morning trading in New York but fell to below $8,700 on selling. As of 20:35 UTC (4:35 p.m. ET), […]

Zcash’s First Halving May Solve Its Inflation Problem

Mining reward halvings are a hot topic in the crypto markets, as they alter a cryptocurrency’s supply and often have a significant impact on prices.  Bitcoin, the biggest cryptocurrency by market value, underwent its third halving on May 11, which reduced the reward per block mined to 6.25 bitcoin from 12.5. Bitcoin offshoots bitcoin cash […]

Spiritual Reflections on the Bitcoin Halving

Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh.  At approximately 8:23 p.m. GMT on Monday, May 11, the 630,000th Bitcoin block was mined, […]