Bitcoin

A Brief History of the CryptoCurrency Future

3 days ago John Abercrombe 0
We are in the midst of a hype-ridden initial coin offering (ICO) explosion. ICOs are another use case in the UX quiver, one we can add to the progress of the last few years. The ICOs (I prefer to call them token sales) are a great engine of growth but they do not achieve our Read More

A Guide to Cold Storage for New Zealand Bitcoiners

2 weeks ago John Abercrombe 0
Bitcoin cold storage is achieved when Bitcoin private keys are created and stored in a secure offline environment. Cold storage is important for anyone with bitcoin holdings. Online computers are vulnerable to hackers and should not be used to store a significant amount of bitcoins. There are three ways to create secure Bitcoin cold storage: Read More

How Do I Get A Paper Wallet or Cold Storage

2 weeks ago John Abercrombe 0
Bitcoin security? How does that work? Bitcoin does so many things better than banks (trusts, escrows, programmable money, cheap transfers, instant accounts, etc.), but one area that is not quite so nice, is security. While the bitcoin network, itself, appears bullet-proof, lots of bitcoins are being stolen, via hacking, malware and flaws in online wallets and Read More

These 7 Network Effects of Bitcoin Will Blow Your Mind

2 weeks ago John Abercrombe 0
Speculation – As a novel, cryptographically-backed asset class with the potential for appreciation and high volatility, Bitcoin is perfect for speculators with a high tolerance for risk. Merchant Adoption – Merchants will increasingly accept Bitcoin because they can increase their profit margins by avoiding credit card fees and chargebacks. Consumer Adoption – Consumers can use Bitcoin to save Read More

What is Ethereum

2 weeks ago John Abercrombe 0
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Build applications on Ethereum These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. Read More

What Is Bitcoin

2 weeks ago John Abercrombe 0
  Step 1 —> Get Started With Bitcoin Before you start using Bitcoin, which is still experimental but has been operational without any interruptions for over eight years, there are a few things that you need to know in order to use it securely and avoid common pitfalls. First, Bitcoins are impossible to counterfeit or inflate. Read More

Bitcoin Down – Hodlers Suspect Another Bear Trap

2 weeks ago John Abercrombe 0
Bitcoin is down 5.5% across global exchanges, falling to a low of $2,547.18. This figure was down nearly 15% from an all-time high of over $3,000 reached on 11th June, according to CoinDesk Bitcoin Price Index. This marked the lowest total observed on the BPI since 4th June, when average prices across exchanges fell to $2494.29. Elsewhere, Read More

What is UASF

2 weeks ago John Abercrombe 0
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. A UASF requires a lot of industry support and coordination, which is good practice for eventual hard forks which Read More

Bitcoin Fork Causes Correction for Crypto

2 weeks ago John Abercrombe 0
Trader confidence isn’t keeping pace with market confidence, the total value of all publicly traded cryptocurrencies at an all-time high. According data from CoinMarketCap, the cryptocurrency asset class fell from a high of $117bn yesterday to just over $100bn, a period in which eight of the top 10 cryptocurrencies were in the red. After rising more Read More

Segwit2x Holds Promise For Big Miners

4 weeks ago John Abercrombe Comments Off on Segwit2x Holds Promise For Big Miners
“The number means something. Hash power means something.” As explained by Xiangfu Liu, co-founder of bitcoin mining chip maker Canaan, there are few things more sacred in bitcoin than the idea that the strength of a blockchain is the computing power dedicated to securing its ledger. But while bitcoin’s miners remain united in this daily Read More

Bitcoin Bad Boys Bummed About Big Bonanza Backfire

4 months ago John Abercrombe Comments Off on Bitcoin Bad Boys Bummed About Big Bonanza Backfire
The SEC has concluded that the price of Bitcoin is too vulnerable to manipulation for it to be certified. “Regulated markets related to the underlying asset provide a ‘necessary deterrent to manipulation,’”the commission wrote in its analysis. “To the extent there is some question as to the degree to which Bitcoin is subject to manipulation… regulated Read More

US CIA Agency has ‘Intelligence’ removed from its name

4 months ago John Abercrombe Comments Off on US CIA Agency has ‘Intelligence’ removed from its name
Recently, the CIA lost control of the majority of its hacking arsenal including malware, viruses, trojans, weaponized “zero day” exploits, malware remote control systems and associated documentation. This extraordinary collection, which amounts to more than several hundred million lines of code, gives its possessor the entire hacking capacity of the CIA.  The archive appears to Read More

Dip Your Toes In New Unlimited Mining Pool

4 months ago John Abercrombe Comments Off on Dip Your Toes In New Unlimited Mining Pool
This past September Bitcoin.com started mining with its very own pool and mined its first block, 430757, on Wednesday, September 21, 2016. The following month our mining pool steadily increased its hashrate capturing 1 percent of the global network in October. Since then the pool’s computational power has increased, currently running at 80 Ph/s and Read More

Bitcoin Launches Past $800 USD

6 months ago John Abercrombe Comments Off on Bitcoin Launches Past $800 USD
Bitcoin prices have risen above $800 for the first time since February 2014, setting a fresh 34-month high. The digital currency’s price reached a high of $800.46, according to data from the CoinDesk USD Bitcoin Price Index (BPI). The move followed a month of progressive price gains, beginning the period at around $742, and caps Read More

Peer-Reviewed Blockchain Research

6 months ago John Abercrombe Comments Off on Peer-Reviewed Blockchain Research
The first issue of academic journal ‘Ledger’ has been published. The issue includes 10 peer-reviewed papers ranging from probabilistic analysis of the NXT “forging algorithm”, questions of governance in blockchain and theories of social contracts. The publication was formally launched last year to encourage greater academic involvement in the cryptocurrency industry by giving scholars a platform Read More

IBM steals Bitcoin IP

7 months ago John Abercrombe Comments Off on IBM steals Bitcoin IP
Indian business conglomerate Mahindra Group is working with IBM to develop blockchain-based supply chain applications. ate Mahindra Group is working with IBM to develop blockchain-based supply chain applications. Announced today, the partnership sees the two firms working on a prototype tool for tracking supply chain transactions via blockchain. Mahindra, a major business group in India, Read More

Gemini Adds API for Robot Traders

7 months ago John Abercrombe Comments Off on Gemini Adds API for Robot Traders
Revealed today, Gemini users are now able to connect to the New York-based bitcoin and ether exchange via a REST API, WebSockets API and a FIX API, upgrades that bring more widely used electronic communications protocols to the platform. In statements, representatives from Gemini said that the updates would make private order status information more Read More

ASX Considers Making An Actual Decision Very Soon

8 months ago John Abercrombe Comments Off on ASX Considers Making An Actual Decision Very Soon
The Australian Securities Exchange (ASX) says it intends to decide on whether it will migrate to a blockchain-based settlement system by the end of 2017. The comments stem from a new address to shareholders from ASX chairman Rick Holliday-Smith today, in which he provided an update on its bid to evaluate whether the technology will Read More