Sylvan

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Blockchain open sources Thunder network, paving the way for instant bitcoin transactions

Blockchain, the company behind the world’s most popular bitcoin wallet, has been quietly working on an interesting project called Thunder. The Thunder network is an alternative network of nodes that lets you make off-chain bitcoin payments in seconds and settle back to the bitcoin blockchain every …

Bitcoin

The man once thought to be Satoshi Nakamoto is raising money for a bitcoin startup

One of the early pioneers of bitcoin and blockchain is raising money to fund a financial startup based on the virtual currency.<p>Nick Szabo, a cryptographer who worked on an early bitcoin prototype called DigiCash, is in talks to raise $3 million, according to sources and a pitch deck reviewed by …

Bitcoin

Bitcoin price jumps 21 percent over 4 days, reaching a 21-month high

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according to Bitcoinity). And it represents a big 21.4 percent price jump over just four …

Cryptocurrency

Bitcoin plunges more than $3,000 after hitting new record

Bitcoin has given investors whiplash yet again.<p>Just after hitting a new record of more than $17,000, the digital currency plummeted Friday. Its price nosedived more than $3,000<b>,</b> swinging wildly between a high of $17,154 and a low of $13,964<b>,</b> according to tracking site CoinDesk.<p>Bitcoin has been on a …

Cryptocurrency

5 Bitcoin Rivals That Are Rapidly on the Rise

Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory.<p>Today’s …

Cryptocurrency

Lead developer quits Bitcoin saying it ‘has failed’

<i>(Reuters, Jemima Kelly)</i> – Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had “failed”.<p>Hearn, one of five senior developers who has …

Bitcoin

Microsoft dealt a huge blow to Bitcoin with its new policy

<i>Update: As it turns out, the information this article was based on is “inaccurate.” A Microsoft spokesperson shared the following statement with TNW:</i><p>We continue to support Bitcoin for adding money to your Microsoft Account which can be used for purchasing content in the Windows and Xbox stores. We …

Apps

Bitcoin exchange hit with $61 million theft

Hackers have compromised the Bitcoin exchange Bitfinex, the company announced today, withdrawing roughly $61 million from various consumer accounts. The causes of the breach are still unclear, but the attackers appear to have bypassed Bitfinex’s mandated limits on withdrawals.<p>"The theft is being …

Cryptocurrency

The murky relationship between the bitcoin price and “tether” tokens is raising suspicions

As the bitcoin price has surged, so has the supply of a digital token called tether. Tethers are tokens backed by US dollar deposits, with each tether always worth one dollar. This allows cryptocurrency traders to cash in and out of bitcoin quickly, using tethers to transfer proceeds to other …

Cryptocurrency

Latin America’s Wealthy Families Are Buying Up Bitcoin

The Venezuelan bolivar, Carlos Mosquera Benatuil will begrudgingly admit, is a “real” currency. Bitcoin isn’t—it’s basically just a very long line of …

Trump team eyes bitcoin, blockchain ascent

The list of those delving into blockchain technology seems to be expanding by the day, including investors, technology shops, banks and curious minds executing simple Google searches.<p>Add another to the list: the Trump administration.<p>“We follow blockchain technologies for a number of reasons, …

I bought $250 in bitcoin. Here's what I learned

Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin.<p>But first, there are two things you should know about me: I tend to be almost as afraid of losing money investing as I am of flying. On some level, I figured one fear might cancel out the other.<p>So last …

Cryptocurrency

Huobi, SBI Announce Plan for Japanese Bitcoin Exchanges

Cryptocurrency exchange Huobi is partnering with Japan-based investment group SBI to launch a pair of cryptocurrency exchanges.<p>Sometime next year, …

Cryptocurrency

Bitcoin plunges more than $3K after hitting new record

Bitcoin has given investors whiplash yet again.<p>Just after hitting a new record of more than $17,000, the digital currency plummeted Friday. Its price …

WILL BITCOIN’S BUBBLE BURST?

As Bitcoin’s value surged well past $10,000 per coin, the media’s default description is “bubble” (usually shortly followed by “burst”)<p>I’m not saying …

Bitcoin sinks below $15,000, just hours after taking out $17,000

Bitcoin fell from its all-time high on Friday, sliding below $15,000 just hours after blasting through the $17,000 barrier in a more-than-20% one-day …

Cryptocurrency

They Reckon Bitcoin Could Hit $50 000 In The Next Three Weeks

Yeah, I’m that person in the office who loves to talk bitcoin.<p>Two reasons for that, if you must know. Firstly everyone else finds it annoying and I …

Why is bitcoin’s price so high?

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas?<p>First we must understand what drives bitcoin price …

Cryptocurrency

Bitcoin Storms Wall Street

Bitcoin traders have no time to pop the champagne anymore.<p>The crypto-rocket shot past $11,000 last week just hours after eclipsing $10,000, which …