Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning Network, the first viable second-layer scaling solution, has continued to see monumental growth. Bitcoin Lightning Network… Continue reading Bitcoin Lightning Network Booms Amid “Crypto Winter”
Category: Bitcoin
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Lack of Widespread Crypto Knowledge Could be Stunting the Market’s Growth
2018 has been a rough year for the crypto markets, with Bitcoin, the market’s largest digital asset by market cap, falling from highs of nearly $20,000 one year ago to recently established lows of just over $3,000. The tumultuous market conditions throughout 2018 have disheartened many investors and has led the industry as a whole to… Continue reading Lack of Widespread Crypto Knowledge Could be Stunting the Market’s Growth
Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks
Billionaire investor and all-round cryptocurrency advocate Tim Draper has recently announced that he has invested in a Bitcoin payment processing platform. OpenNode aims to make it easier for regular companies to accept payments using Bitcoin. Draper backed the company through his own firm, Draper Associates, to the tune of $1.25 million. The long-time Bitcoin bull… Continue reading Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks
Analysts Applaud Square’s Bitcoin Strategy as Brilliant Despite Low Profitability
It has been nearly one year since San Fransisco-based payment processing company, Square, rolled out peer-to-peer Bitcoin trading within their popular Cash App, allowing customers to buy, hold, and sell the cryptocurrency without incurring any fees. The company’s decision was lauded by the company’s investors and the cryptocurrency community alike, with Square’s stock surging 16%… Continue reading Analysts Applaud Square’s Bitcoin Strategy as Brilliant Despite Low Profitability
Veteran Commodities Trader Offers Bitcoin Price Warning
A veteran commodities trader who was responsible for one of the most accurate price calls in cryptocurrency history has spoken about where he believes the price is now heading. Peter Brandt correctly predicted that the speculative mania surrounding the Bitcoin price was over back in January and that the asset would lose 80% or more… Continue reading Veteran Commodities Trader Offers Bitcoin Price Warning
Hong Kong: Purported Bitcoin Millionaire Reportedly Arrested After Making It ‘Rain Cash’
A purported Bitcoin millionaire has reportedly been arrested in Hong Kong for having made it “rain cash” in one of the poorest parts of the city. A supposed Bitcoin (BTC) millionaire has been arrested in Hong Kong after “making it rain cash” on the streets, local English-language news outlet the Shanghaiist reported on Dec. 17.… Continue reading Hong Kong: Purported Bitcoin Millionaire Reportedly Arrested After Making It ‘Rain Cash’
Bitcoin Is Here to Stay: Blockstream Satellite Expansion Makes Sure of It
“… But what if the government was to turn the internet off..?” I am sure you have all heard this argument before when you have been explaining to someone how robust the Bitcoin security model is and how even Interpol would be biting off far more than they could chew by attempting to bring the network… Continue reading Bitcoin Is Here to Stay: Blockstream Satellite Expansion Makes Sure of It
Novogratz: Interest Left Crypto for Macro, But Bitcoin Will Emerge As Store of Value
Outspoken Bitcoin bull and founder of the cryptocurrency-focused Galaxy Digital, Mike Novogratz, believes that investor interest in cryptocurrencies like Bitcoin and Ethereum have left the market for macro trading. Despite this, Novogratz still expects Bitcoin to emerge as a digital store of value in the end. Novogratz: Investors and Traders Ditch Crypto for Macro Trading… Continue reading Novogratz: Interest Left Crypto for Macro, But Bitcoin Will Emerge As Store of Value
Better Than Corporations: Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries
Job cuts have become a reality in the crypto industry – but they pale in comparison to the biggest corporate layoffs in history. Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months. The popularity… Continue reading Better Than Corporations: Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries
BitPay CEO: Mass Crypto Adoption Could be Right Around the Corner
It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their… Continue reading BitPay CEO: Mass Crypto Adoption Could be Right Around the Corner