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Posts published in “Bitcoin Technology”

Bitcoin Transferred More Than $3.2 Trillion in Value Last Year

transaction volume bitcoin

Bitcoin’s (BTC) layer 1 transaction volume in 2018 was $3.2 trillion. Furthermore, over $2.2 trillionof Bitcoin was traded throughout last year – almost four times more than the amount traded in 2017, despite the falling prices.  $3.2 Trillion Transferred Despite Lower Price Twitter account Satoshi Capital Research (@chartingbitcoin) has shared some statistics of Bitcoin’s performance in 2018 compared to previous years. Accordingly, Bitcoin’s total traded volume for 2018 is $2.2 trillion, which is more than the traded volume of the Bulgarian Lev

The post Bitcoin Transferred More Than $3.2 Trillion in Value Last Year appeared first on Bitcoinist.com.

Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week

bitcoin atm

A Bitcoin ATM company from Australia has reported a weekly turnover of $500,000 AUD (roughly $360,000 USD) despite the cryptocurrency bear market.  $360,000 Weekly Turnaround Auscoin, an Australian bitcoin ATM company, has reported a weekly turnaround of $360,000 in 2018. According to the reports, it’s currently operating 31 ATMs throughout Australia but it’s planning to expand. Speaking on the matter, Sam Karagiozis, founder at Auscoin, said: We currently have 31 Auscoin ATMs in Australia… and

The post Australian Bitcoin ATM Startup Says Its Raking in $360,000 Per Week appeared first on Bitcoinist.com.

Opinion: Stop Trying To Build a Better Bitcoin

A team of professors from top US universities have come together to create a new globally scalable decentralized payments system. But with Bitcoin already proving to work as intended for ten years running, would a ‘better Bitcoin’ even stand a chance? MIT and Standford Professors Developing Unit-E The professors formed a non-profit foundation based in Switzerland, called Distributed Technologies Research, backed by Credit Suisse and Pantera Capital. Unit-e, the cryptocurrency it aims to launch later

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Bitcoin Node Count Stabilizes – Back Up Over 10K in Past 3 Months

BItcoin nodes

The Bitcoin network continues to rebound from recent activity slumps, its total node count reaching 65,000 with reachable nodes totalling over 10,000. Technical ‘BUIDLout’ Continues Data from Earn.com (formerly 21.co) and Bitcoin developer Luke-jr’s own monitoring resource confirm the growth, which has lately centered on Germany, now contributing almost 19 percent of nodes. Specifically, there were 64,768 Bitcoin Core nodes at press time January 16, equating to 99.02 percent of the total. In terms of

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Goldman Sachs-Backed Startup Unveils Cold Storage Cryptocurrency Trading

Palo Alto-based blockchain security company BitGo has developed a platform which will enable traders to buy and sell cryptocurrencies without having to take it out of cold-storage.  A Focus on Security Days after the cryptocurrency exchange Cryptopia got hacked, Palo Alto-based security company, BitGo, announced that it has developed a platform allowing traders to buy and sell digital assets right from BitGo’s cold storage custody. BitGo closed a Series B funding round in October 2018,

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Satoshi’s Vision ‘Not a New VISA’ But An Alternative to Banks, Says Dan Held

bitcoin

Bitcoin creator Satoshi Nakamoto wanted it to be an “alternative to banks,” not a “new VISA,” cryptocurrency veteran and former Blockchain executive Dan Held has said. What’s In A ‘Vision’? In a series of tweets January 14, Held became the latest well-known figure to take issue with pundits who claim Bitcoin’s intended purpose is primarily as a currency for payments. They, he argues, especially those who champion the concept of “Satoshi’s vision,” do not take

The post Satoshi’s Vision ‘Not a New VISA’ But An Alternative to Banks, Says Dan Held appeared first on Bitcoinist.com.

You Can Now Buy Tokenized Apple Shares With Bitcoin and Ethereum

apple stock

A Belarus-based startup has launched a tokenized securities trading platform enabling investors to buy into traditional markets with bitcoin and ethereum. Tokenized Securities Blockchain tech company Currency.com has announced the launch of its trading platform for tokenized securities. The Belarus-based platform is intended to enable investors to trade and invest in common financial instruments such as equities, commodities, and indices directly, without having to convert their cryptocurrencies in fiat. According to the official release, it

The post You Can Now Buy Tokenized Apple Shares With Bitcoin and Ethereum appeared first on Bitcoinist.com.

Bitfury Brings Lightning Network Payments to the First Bitcoin Exchange

Bitfury’s Lightning Peach team has just announced the implementation of Lightning Network payments on cryptocurrency exchange BTCBIT. This is the result of an ongoing collaboration between the two companies. Fast (And Cheap) As Lightning Lightning Network is a second-layer protocol, utilizing a large network of open two-party channels, to enable multiple payments, without the need to record each one individually to the underlying Bitcoin blockchain. This circumvents Bitcoin’s transaction rate limit, allowing faster transactions and

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Our Man At CES 2019 – Part Two: A Fistful Of Wallets

CES

After thus far finding more talk about blockchain than actual products, I needed to up my game. What’s more, on Sunday, Ledger had announced the Nano X, whilst I was clearly at a different party. My plan was to head to their booth first… Distributing Ledger’s Technologies Ledger had already announced that they would be at CES, so we had an idea they might launch a new hardware wallet. We hadn’t realized that it would be

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$1,000 Bitcoin Puzzle Hidden in Paris Street Mural Now Solved

Paris street puzzle bitcoin

It took no more than a week to solve a $1,000 Bitcoin puzzle hidden in a street mural in Paris. The exact solution is yet to be revealed.  Paris Puzzle Solved Bitcoinist reported on January 7th that a street artist Pascal Boyart has painted a ‘revolutionary’ street mural in celebration of the 10th birthday of the Genesis block. Hidden within the mural was a Bitcoin puzzle with a 0.26 BTC or $1,000 reward, which later grew

The post $1,000 Bitcoin Puzzle Hidden in Paris Street Mural Now Solved appeared first on Bitcoinist.com.

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