Bitcoin Magazine

Via BitcoinMagazine – 3:41 am January 21, 2019
n nn nn Huobi is back in Japan, this time as a fully regulated exchange under Japan&x27s Financial Services Agency FSA.Following its merger with BitTrade, Huobi Japan Holding Ltd. is now among the first batch of 17 to receive registration under the FSA and is able to relaunch Huobi Japan.Leon Li, Huobi Group founder and CEO, called the launch an important milestone in a statement, adding that the Japanese market remains important to the group and that working

Via BitcoinMagazine – 3:41 am January 21, 2019
n nn nn Patreon has been making the case for censorship-resistant money increasingly apparent.The platform allows members to contribute to artists or creators that they support. These contributions are made via standard payment methods like credit cards.Over the past few months, there has been an increase in public outcry over multiple separate instances where Patreon has removed creators from its platform. BitPatron, a Bitcoin-friendly version of the website, has

Via BitcoinMagazine – 3:41 am January 21, 2019
n nn nn This is the fourth instalment of reporter Colin Harper&x27s &quotLiving on Bitcoin&quot experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 and on Day 3.I woke up in a state of amazement In my three days of living on bitcoin, I had managed to survive on a handful of services and the generosity of friends.Hungry for any place that would let me spend it, I was more determined than ever to call up every single st

Via BitcoinMagazine – 3:41 am January 21, 2019
n nn nn Binances cryptocurrency exchange platform has expanded into the European market with its entry into the Island of Jersey, a self-governing dependency of Great Britain. Binance Jersey will allow trading of popular cryptocurrencies bitcoin BTC and ether ETH against the euro EUR and the British pound GBP.The exchange will launch with four trading pairs, including BTC/GBP, ETH/GBP, BTC/EUR and ETH/EUR.In a statement, Wei Zhou, Binances chief financial officer,

Via BitcoinMagazine – 3:41 am January 21, 2019
n nn nn Blockchain startup OB1, the developers of decentralized shopping platform OpenBazaar, have announced Haven, a privacy-focused app for socializing with friends and making purchases with cryptocurrencies.The project was announced by Brian Hoffman, founder and CEO of OB1, at the North American Bitcoin Conference in Miami. The developers claim that Haven will enable users to shop, chat, and send cryptocurrencies privately from their mobile device.The ability t

Via BitcoinMagazine – 4:01 am January 18, 2019
n nn nn Blockchain payment platform BitPay has announced that 2018 has been their most profitable year, having processed over a $1 Billion again in payments and set a new record for transaction fee revenue.In a statement, BitPay CEO Stephen Pair said, To process over a $1 Billion for a second year in a row despite Bitcoins large price drop shows that Bitcoin is being used to solve real pain points around the world. 2018 was a particularly fraught year for the cryp

Via BitcoinMagazine – 4:01 am January 18, 2019
n nn nn Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area SEPA. The SEPA region is a collection of member states in Europe who are part

Via BitcoinMagazine – 4:01 am January 18, 2019
n nn nn This is the third instalment of reporter Colin Harper&x27s &quotLiving on Bitcoin&quot experience in San Francisco. Find out what happened to him earlier on Day 1 and on Day 2.I woke up on day 3 and made a pact with myself I had resolved to not rely on Uber Eats that day.I still think that buying this credit from an exchange like Bitrefill or Paxful is in line with the experiment, but I havent made a PoS purchase yet and I want to make today ab

Via BitcoinMagazine – 4:01 am January 18, 2019
n nn nn Following last Fridays drop, bitcoin has found itself coiled, once again, at the bottom of the range it established back in December. With the current market unable to close a new high, the market finds itself in a precarious positionFigure 1 BTC-USD, Daily Candles, Range Support TestThe blue support level shown above illustrates the boundary of the multi-week range bitcoin has been bound by. At the time of this article, the market is testing the support l

Via BitcoinMagazine – 7:10 am January 17, 2019
n nn nn When the bubble pops, people dont realize it at first. When the bubble pops, its always just another volatile day. Its just a correction. A road bump on the way up. Buy the dip! Itll bounce back, just you wait.Until it doesnt and it becomes painfully apparent that the bull run is over and its a long a very long way down. And not just for the red candle addled price, but for the network, its transaction counts, and general interest as well.No one likes th

Via BitcoinMagazine – 7:10 am January 17, 2019
n nn nn American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors.Investors who use BitGo&x27s custody service can now trade their assets directly from their BitGo custody account, without the need to move the assets to an exchange.Institutional investors want to put their assets to work and they want security, Mike Belshe, Bi

Via BitcoinMagazine – 8:29 pm January 16, 2019
n nn nn The point is to get people to think about bitcoin, not spend it. I dont think its good for that. Its not meant to be used like cash, Jeremy Gardner, founder of Ausum Ventures, advised me.Satoshi created a decentralized store of value, probably encapsulates his thesis that bitcoin is best unspent better to hoard it like gold. To Gardner, using it as a currency is not only impractical. It is counterintuitive.Well, Im trying it anyway.After all, journalist K

Via BitcoinMagazine – 8:29 pm January 16, 2019
n nn nn This is the second instalment of reporter Colin Harper&x27s &quotLiving on Bitcoin&quot experience in San Francisco. Find out what happened to him on Day 1 here.I woke up on Christians couch stiff-necked and cotton-mouthed. A bit more fitting for the living on internet money survival vibe, yeahA friend of a friend of Christians roommates who are starting a business and moving to LA today was out cold on an air mattress next to a stripped Christ

Via BitcoinMagazine – 8:29 pm January 16, 2019
n nn nn Bitcoin is an open-source protocol that anybody can interact with. It is getting attention and attracting participation in different ways, whether it is through speculation, investing and sending money, all the way to contributing to whats underneath the hood. The entire Bitcoin repository is on GitHub, inviting any developer to see the protocols code and perhaps contribute toward solving existing problems if they can.A noteworthy fact, however, is that th

Via BitcoinMagazine – 8:29 pm January 16, 2019
n nn nn Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings ICOs across the continent.The EBA Calls for Pan-EU Crypto RegulationsOn January 9, 2019, the European Banking Authority EBA published its assessment of crypto laws. The document, which examines the sustainability of EU laws to cryptocurrencies, analyzed the use of digital assets wi

Via BitcoinMagazine – 8:29 pm January 16, 2019
n nn nn Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto. The initiative, which launches today, January 16, 2019, is available in all 50 American states.Essentially, this partnership allows companies across the United States and Puerto Rico to fund their W2 payrolls and payroll taxes in ether and bitcoin. At the other

Via BitcoinMagazine – 4:29 am January 15, 2019
n nn nn Major cryptocurrency exchange Bittrex will launch an over-the-counter OTC trading desk today, January 14, 2018, by 1800 UTC. The service will allow investors to trade nearly 200 digital assets currently offered on the Bittrex trading platform.OTC trading is popular with institutional investors who trade in large volumes of cryptocurrencies. This form of crypto trading happens between two parties, and it takes place away from the exchanges. OTC trades are o

Via BitcoinMagazine – 4:29 am January 15, 2019
n nn nn Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.Throughout December 2018, for example, like many companies in the crypto space, Bitmain appeared to be gearing up for a wave of layoffs. With employees taking to semi-anonymous, Chin

Via BitcoinMagazine – 5:19 am January 12, 2019
n nn nn The following is an imaginative, fictitious account of what the world could look like in 2029 and how Bitcoin might evolve to revolutionize economic, monetary and free-market systems. Unfortunately, time machines havent been invented in this speculative future so we couldnt verify the accuracy of the narrator&x27s experience please take the following story with a healthy grain of idealistic salt.As I walked out on the tarmac, the West Coast winter cli

Via BitcoinMagazine – 5:18 am January 12, 2019
n nn nn Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill&x27s node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.&quotThis service will let the customer get an empty lightning channel opened to them from Bitrefills node, on the Lightning Network. Now anyone can

Via BitcoinMagazine – 5:18 am January 12, 2019
n nn nn Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoins 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses.Cameron-Huff has worked as the lawyer for a Bitcoin core developer, several token-based companies, and dozens of crypto startups. As president of Decentral Inc., he managed a staff of 30 and helped to take the com

Via BitcoinMagazine – 5:18 am January 12, 2019
n nn nn Finally, after about a week or so of a tight, range-bound market, bitcoin poked right through support. This swift move dropped the price nearly 10 in the span of just a few short hoursFigure 1 BTC-USD, Hourly Candles, 11 DropNot only did this move occur on high spread, it occured on high volume. This level of supply and overall lack of demand is nothing something you would want to see if you are feeling bullish regarding bitcoins market structure. Currentl

Via BitcoinMagazine – 2:52 am January 11, 2019
n nn nn How many unspent bitcoins existHow many bitcoins have been lostHow many bitcoins are left sitting in wallets, and how does this affect priceIf any or all of these questions have ever popped into your head, youre in good company Theyve crossed the minds of analysts at Delphi Digital, the self-named research &amp consulting boutique specializing in the digital asset market.The firm just released research on the current state of the bitcoin market, and th

Via BitcoinMagazine – 8:07 pm January 9, 2019
n nn nn Qtum, a blockchain platform that merges the strength of Bitcoins blockchain with the Ethereum Virtual Machine to build decentralized applications, has completed its first atomic swap with Bitcoin on mainnet.This is a big, first step for atomic swaps, a feature that allows for on-chain exchanges, or transactions, between cryptocurrencies on two separate blockchains without the need to rely on a third party. For Bitcoin, this is a big step forward in allowin

Via BitcoinMagazine – 2:57 am January 9, 2019
n nn nn Privacy-focused bitcoin wallet Samourai is having its hand forced by Google.According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourais Stealth Mode, remote text message SMS commands, and SIM Switch Defense a measure to protect against sim swaps.The privacy restrictions only affect the version of

Via BitcoinMagazine – 6:47 pm January 8, 2019
n nn nn Decentralized exchange Bisq has upgraded its software with an entirely new User Interface UI design and the launch of the Bisq Decentralized Autonomous Organization DAO on testnet.With the release of the latest update v0.9, users can finally take the Bisq DAO for a spin, a software design that will reward contributors that work on the project, without oversight from a central authority. This compensation will be done with the project&x27s token called

Via BitcoinMagazine – 5:51 am January 7, 2019
n nn nn Ledger just dropped news of its latest hardware wallet, and it comes with an app for managing the wallets funds remotely.The company will reveal the new Ledger Nano X at this years CES conference in Las Vegas, Nevada. Calling its new wallet Ledgers new signature product, the team indicated in a demonstration and interview with Bitcoin Magazine that the Nano X stays true to the simple design of its flagship, the Nano S, with some added complexity and versat

Via BitcoinMagazine – 5:35 pm January 4, 2019
n nn nn The ongoing debate about whether or not Bitcoin can scale sufficiently on its path to mass adoption has led many people to question if it will ever reach that point at all. The scaling debate often leads back to the same discussion regarding Bitcoins block size and how it needs to be expanded in order for more transactions to fit in each block. Bitcoin Cash, the result of an August 2017 hard fork, was a product of split opinions throughout the Bitcoin comm

Via BitcoinMagazine – 11:55 pm January 3, 2019
n nn nn For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so lets check out both sides of the argument because currently the market is sitting in the middle of Indecisionville the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal patternFigure 1 BTC-USD, Daily Candles, Head-and-Sh

Via BitcoinMagazine – 10:15 pm January 3, 2019
n nn nn The early Bitcoin community in San Francisco was originally comprised of revolutionaries Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world.We were widely regarded as unsavory and unpopular. Most people associated bitcoin with drugs, money laundering, and the dark web. On dates, dinner parties at friends houses or holidays with families, we were ridiculed and belittled. To believe in Bitco

Via BitcoinMagazine – 7:40 pm January 3, 2019
n nn nn Lightning is all the rage these days and, while it&x27s an exciting development, users currently have to have a full node running in order to transact in it. In this article, I&x27m going to introduce Neutrino, a new protocol for light clients to get the data that they need while preserving privacy and without trusting a central server.A Little HistoryIn the original white paper written in 2008, Satoshi Nakamoto described something called Simplifie

Via BitcoinMagazine – 6:55 am January 3, 2019
n nn nn As part of the new Bitcoin Magazine site, weve launched a custom block explorer, using Blockstreams open-source implementation Esplora.What Is a Block ExplorerBitcoin runs on a distributed network of computers that participate in securing and maintaining a ledger of transactions called a blockchain. A blockchain is made up of blocks that are secured every 10 minutes by computers called miners. For a detailed explanation of Bitcoin mining, see our guide on

Via BitcoinMagazine – 6:55 am January 3, 2019
n nn nn Bitcoin was created by Satoshi Nakamoto, almost certainly a pseudonym, that no one has been able to conclusively connect to an actual person or group of people to this day. Nakamoto vanished from the internet in 2011, leaving few clues as to who they might be. Over the years, many people have publicly claimed to be Satoshi, all failing to support the statement with indisputable facts.In an early bitcointalk forum, Satoshi said that they started working on

Via BitcoinMagazine – 6:55 am January 3, 2019
n nn nn In May 2012, the first print copy of Bitcoin Magazine the original publication devoted exclusively to Bitcoin made its debut. Founded by Vitalik Buterin and Mihai Alisie, that first edition with its iconic Anonymous mask on the cover has become one of the most sought-after collectibles in the Bitcoin space.Buterin and Alisie later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. BTC Media now BTC Inc acquired Bitcoin Ma

Via BitcoinMagazine – 6:55 am January 3, 2019
n nn nn October 31, 2008, and January 3, 2009.The two dates have cemented themselves with Promethean significance into Bitcoins lore. On the October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.On January 3, this constitution came alive with Bitcoin Block 0. Also known as the networks genesis block, this cornerstone would provide the foundation for an ecosystem that

Via BitcoinMagazine – 6:55 am January 3, 2019
n nn nn On December 4, 2018, our CEO, David Bailey, made an exciting announcement Bitcoin Magazine would be returning to its roots and shifting its focus to Bitcoin-related stories only. As the title of his blog post states, we intend to Make Bitcoin Fun Again.What does this meanTo begin with, we are delighted to unveil this beautifully redesigned and reimagined Bitcoin Magazine website with some cool new features including original artwork, a block explorer, an e

Via BitcoinMagazine – 8:25 pm January 2, 2019
n nn nn As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin.While Ohio is first in actually implementing this for its business residents, its certainly not the first one to try. Other U.S. states, like Illinois, Arizona, and Georgia have previously attempte

Via BitcoinMagazine – 2:25 pm January 1, 2019
n nn nn In the time-honored tradition of goal setting for the new year, Bitcoin Magazine has compiled a short list of seven possible New Years Resolutions for Bitcoiners as we head into 2019. Building a strong Bitcoin community begins with individual efforts, some small, others more ambitious and labor intensive.What might you do to contribute to the Bitcoin ecosystem this yearTeach five people about bitcoin and help them set up a wallet.Anyone can become a Bitcoi

Via BitcoinMagazine – 2:22 am January 1, 2019
n nn nn Its been over a year since the Cboe and CME listed the worlds first bitcoin futures contracts, the first ever bitcoin investment product to hit the legacy market. Both futures went live just before bitcoin peaked at its $20,000 all-time high. Out-the-gate trading for the derivatives reflected 2017s market mania, and Cboes futures alone traded over 800 contracts roughly $12,000,000 at the time within the first two hours of their launch.With the creation of

Via BitcoinMagazine – 5:32 pm December 31, 2018
n nn nn In a demonstration titled Wallet.fail, a team of security researchers hacked into the Trezor One, Ledger Blue and Ledger Nano S. Unfortunately, it appears as if their findings were first put on display at the 35th Chaos Communication Congress 35C3 in Leipzig, Germany, rather than through accepted Responsible Disclosure practices, which would have allowed the manufacturers to patch the vulnerabilities and protect their customers from any potential attack. F

Via BitcoinMagazine – 5:32 pm December 31, 2018
n nn nn Yet another tool is being added to Bitcoins growing number of privacy solutions.Thought up at a brainstorming event attended by Bitcoin developers and privacy researchers last summer, Pay to Endpoint P2EP is a relatively new trick that utilizes the well-known CoinJoin mixing technique to make blockchain analysis much harder. An early version of it, called Bustapay, was quickly implemented by independent Bitcoin developer Ryan Havar and is being tested as o

Via BitcoinMagazine – 4:12 am December 29, 2018
n nn nn The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.Credible rumors of this story first began to circulate on Maimai, Chinas equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company wa

Via BitcoinMagazine – 4:12 am December 29, 2018
n nn nn For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they havent sold yet. On December 17, 2017, bitcoin hit an all-time high at over $19,000. Thereafter, it has fallen over 80 percent and now hovers at around $4,000 at the time of writing. While losing money is never the end goal, there are certain measures investors can take

Via BitcoinMagazine – 4:47 pm December 28, 2018
n nn nn The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.Credible rumors of this story first began to circulate on Maimai, Chinas equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company wa

Via BitcoinMagazine – 11:46 pm December 27, 2018
n nn nn India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.This revelation comes just a few months after a government panel suggested the creation of a new regulatory framework within the Reserve Bank of India RBI that bans digital assets and

Via BitcoinMagazine – 8:57 pm December 27, 2018
n nn nn The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.Credible rumors of this story first began to circulate on Maimai, Chinas equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company wa

Via BitcoinMagazine – 8:57 pm December 27, 2018
n nn nn Lus Augusto Schiavon Ramos, known as Guto Schiavon, the founder of one of Brazils largest bitcoin exchanges, was killed in a car accident in Sao Paulo.A report by local Brazilian news outlet revealed that the accident happened after Schiavon lost control of his vehicle in the rain, before hitting a cargo truck.Prior to his death, Schiavon was the founder of Foxbit, one of the largest cryptocurrency exchanges in Brazil. The exchange was launched back in 201

Via BitcoinMagazine – 8:35 pm December 21, 2018
n nn nn When it comes to bitcoin mining, Canada is a natural.A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.B.C. is sitting on a large surplus of hydroelectric energy, as depleted resources have resulted in the closures of many pulp and paper mills and traditional mines. The power surplus is also a resul

Via BitcoinMagazine – 6:25 pm December 21, 2018
n nn nn Despite the market downturn in digital asset values, cryptocurrency automated teller machines ATMs are still in vogue. According to a tweet from cryptocurrency analytics firm DataLight, the number of crypto ATMs doubled in 2018 from 2,025 ATMs in 2017 to 4,051 ATMs, signaling an increase in the adoption of cryptocurrencies in general, despite the slump in price.November will go down as a month investors wont forget in a hurry, as bitcoin, along with the re

Via BitcoinMagazine – 8:45 pm December 20, 2018
n nn nn The British government has recently released a policy paper clarifying the tax laws on crypto assets.This fairly straightforward document was released on Her Majestys Revenue and Customs HRMC website, holding a sundry list of important crypto space terms, the relevant tax codes and points of intersection between the two.The report claims that the cryptoassets sector is fast-moving and developing all the time, and that much of the terminology described in t

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed ShakePay Change, the pre-launch of the service was announced in a Medium post.The new service connects to a user's bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Lightning is a second-layer solution for the Bitcoin blockchain that addresses the scaling issues surrounding it today.Similar to Bitcoin, Lightning is an open-source protocol in which anyone can contribute to. Whether it is through programming and developing applications or setting up a node, participation in Lightning is not just accessible. Its welcomed. The Lightning community is already vibrant and growing every day. Pierre Rochard is one person who h

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Minisketch is a new solution thats trying to solve an old problem.Spearheaded by Blockstream co-founder Pieter Wuille, Bitcoin Core contributor and fellow Blockstream co-founder Gregory Maxwell, and Blockstream software engineer Gleb Naumenko, the open-source initiative is designed to achieve set reconciliation between the mempools of each full node. Set reconciliation, in short, is the problem of trying to figure out what the differences are between two s

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Want to convert your altcoins to bitcoins this Christmas Coinbase has launched Coinbase Convert, a new feature that allows retail users to make direct crypto-to-crypto conversions on the exchange.Quick Crypto ConversionsThe new feature, which was announced on December 17, 2018, will allow customers to sell one cryptocurrency to buy another, saving traders both time and multiple fees.According to the company announcement, conversions complete instantly and

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn This is the second part of our December cover story. Click here for part 1.Where 2017s dizzying price highs embedded hodl into the public consciousness, 2018 was the year that buidl became a trend in the crypto-industry and Bitcoin was no exception.Anticipated in Bitcoin Magazines first cover story of the year, Bitcoins technological progress only accelerated in 2018. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregat

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Bitcoin payment processor OpenNode has announced a seed investment round of $1.25 million with venture capitalist Tim Draper and early-stage investment firm Draper Associates.According to a published post on its Medium page, the startup revealed that the funds would be used to grow its team and push for the adoption of bitcoin.With the close of our seed round, we now have the opportunity to scale the team and accelerate the pace of bitcoins adoption. Along

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space.As reported by Bitcoin.fr, there recently existed a series of proposals to present a friendlier environment to cryptocurrency firms in France, none of which were able to pass the lower house of the nations legislature. The report listed several proposed amendments to the French tax code, many of which hardly seem like radical idea

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Earlier this week, bitcoin enjoyed a strong and quick rally, spanning all the way from the low $3,100s to the upper $3,900s in other words, a move that previously took the market weeks to make, this time took place in just a few short days. And now, at the time of this article, its currently seeing a rejection shortly after running through several layers of overhanging resistance.Figure 1 BTC-USD, 4-Hour Candles, Fibonacci RetracementsAlthough the market

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Stranded Iranian students in the United Kingdom have turned to Bitcoin as a tool to circumvent the economic sanctions placed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is among a bevy of Iranian students who can't pay their tuition fees and are completely stranded at school after Iran was hit with sanctions by U.S. President Donald Trump last month.Sadat and his fellow Iranian students ar

Via BitcoinMagazine – 7:20 pm December 20, 2018
n nn nn Yesterday, an auction was held by cryptocurrency and blockchain artist cryptograffiti for a piece titled black swan, which the artist made using fiat and counterfeit detector pen ink. The artist, who became involved with bitcoin in 2013, held the auction on a website where users could only bid via Lightning Network micropayments, with the first person to bid the smallest amount being the winner.n black swan is here! watch the vid to try and catch him..

Via BitcoinMagazine – 5:09 am December 15, 2018
n nn nn Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the worlds first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange as immortalized in the Netflix documentary Banking on Bitcoin. As part of Bitcoin Magazines series of interviews and op eds leading up to the 10th Anniversary of Bitcoin, Nick shares his thoughts an early Bitcoin adopter.Before Bitcoin, I

Via BitcoinMagazine – 10:15 am December 14, 2018
n nn nn At the December 7, 2018, TenX Summit, a group of developers showcased an industry first an atomic swap on the Lightning Network between a non-native asset, TenXs PAY token, and a native asset, bitcoin.By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset. CoBloX, a TenX research

Via BitcoinMagazine – 10:15 am December 14, 2018
n nn nn BlockFihttps//bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/, the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post.The recently revealed funding round comes some months after the company raised $52.5 million in a round led

Via BitcoinMagazine – 10:15 am December 14, 2018
n nn nn Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen SKAT.According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin 102.7 million kronor between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 10,000 to 1,000,000 kronor, while the overwhelming majority traded a

Via BitcoinMagazine – 5:22 am December 13, 2018
n nn nn A new program to set up Lightning Network micropayments, tippin.me, has recently entered beta testing.The developer for this project described some of its details on a Reddit thread to the r/Bitcoin subreddit. The dev says that it allows you to receive tips micro-payments over the Lightning Network, anytime, anywhere, without needing a LN node, by means of a simple web custodial wallet. Upon signup, tippin.me gives you a personal tippin' link to be sh

Via BitcoinMagazine – 5:22 am December 13, 2018
n nn nn German blockchain startup Bitwala has launched crypto banking in Germany.After securing 4 million roughly $4.5 million from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.Bitwala's new banking solution, which it claims was built to close the gap between crypto and traditional banking, was developed in partnership with local fintech st

Via BitcoinMagazine – 6:58 pm December 12, 2018
n nn nn Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen $3 million USD of customer funds into his own personal account. The indictment apparently also alleges that Karpeles manipulated data on his company's trading sy

Via BitcoinMagazine – 6:58 pm December 12, 2018
n nn nn At the December 7, 2018, TenX Summit, a group of developers showcased an industry first an atomic swap between a non-native asset, TenXs PAY token, and a native asset, bitcoin.By non-native, the team is referring to an asset/coin that is not the base currency for the network. For Ethereum, for example, the native asset is ether, while any token that is built on the protocol is considered a non-native asset. CoBloX, a TenX research and development lab, is r

Via BitcoinMagazine – 4:07 am December 12, 2018
n nn nn nnnnnnnnnA common narrative in todays financial world is that cryptonholders are often unable to execute trades without paying large amounts ofncommissions and fees. Traditional markets are loaded with retail brokeragesnthat bet against their clients with artificially adjusted prices, spreads andnunrealistic fees.nnEnter Quantfury, an emerging enterprise thatsnon an ambitious quest to reshape this landscape for everyday cryptocurrencynholders and others wh

Via BitcoinMagazine – 4:07 am December 12, 2018
n nn nn The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer.For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts What better way to say were in it for the long haul than with a hardware wallet Or Ive got your back lite

Via BitcoinMagazine – 4:07 am December 12, 2018
n nn nn Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet.Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter OTC markets Could the sender be the Foundation for Economic Education Fe

Via BitcoinMagazine – 4:07 am December 12, 2018
n nn nn Another week, another low. Bitcoins market has been bleeding relentlessly for weeks and now, after falling 50 in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennantFigure 1 BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. In layman's terms The price target for this breakout would be approximately $1,700, after a

Via BitcoinMagazine – 8:03 pm December 10, 2018
n nn nn SFOX, an institutional crypto trading platform, recently released a comprehensive, data-packed analysis on the possible causes of the volatility in the cryptocurrency space over the month of November.The report, which SFOX released on their website, covers a large amount of raw data, looking at factors such as price fluctuation on a day-to-day basis and trading volume. With the data, SFOX presents arguments on the overall volatility of various prominent cr

Via BitcoinMagazine – 8:03 pm December 10, 2018
n nn nn Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development R&ampD center in Ra'anana, Israel, according to reports from local news outlet Globes.The R&ampD center, which produced Bitmain's first Israeli mining pool ConnectBTC, was launched in 2016 to explore meaningful use cases of blockchain technology, as well as artificial intelligence for the company's Sophon projec

Via BitcoinMagazine – 6:47 pm December 9, 2018
n nn nn As if the drama surrounding the recent Bitcoin Cash split needed a sequel, the vaudevillian sideshow has reached a new stage the legal arena.A suit spearheaded by United American Corporation UnitedCorp, a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu Bitcoin.com and its CEO, Roger Ver Kraken and its CEO, Jesse Powell and others. The suit is seeking injunctive relief, alleging

Via BitcoinMagazine – 12:37 am December 8, 2018
n nn nn The U.S. Securities and Exchange Commission SEC has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund ETF. Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.The SEC stipulates that the commission must either approve or disappr

Via BitcoinMagazine – 12:37 am December 8, 2018
n nn nn Malta-based cryptocurrency exchange Binance has added TrustTokens TrueUSD TUSD as a base currency, expanding the stablecoins available trading pairs.Adding to TUSDs original BTC pair, Binance will add the following trading pairs BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and XLM/TUSD. The pairs, however, have not been integrated yet, and representatives from TrustToken told Bitcoin Magazine that more information regarding the integration will be revealed in a

Via BitcoinMagazine – 12:36 am December 8, 2018
n nn nn BitGo has a new CEO for its custody business.The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.BitGo received approval from the South Dakota Division of Banking in September 2018, empowering it to act as a

Via BitcoinMagazine – 5:51 pm December 6, 2018
n nn nn Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange DEX. Announced in March of 2018, the decentralized exchange will be built on Binances own Binance chain, the soon-to-be base layer for BNB, Binances trading currency that is currently an ERC-20 token.A December 4, 2018, YouTube video posted by Binances official channel showcases the work the Binance DEX has undertaken on the project since its last update.Display

Via BitcoinMagazine – 5:50 pm December 6, 2018
n nn nn As chairman and co-founder of the Social Alpha Foundation SAF, Nydia Zhang has left a solid mark on the blockchain and cryptocurrency space, though, as a young art student at the University of Washington in 2011, blockchain was far from the direction she saw her life taking.Zhang earned her bachelor's degree in art history in 2015 and spent the next few years carving out a career for herself in the field of art management. After working for several mu

Via BitcoinMagazine – 1:25 am December 6, 2018
n nn nn R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripples XRP as its initial base currency.The app, dubbed Corda Settler, continues R3s track record for pursuing ambitious blockchain projects, and it is allegedly purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the worlds payment systems, both traditional and blockchain-based. The press release cl

Via BitcoinMagazine – 10:51 pm December 5, 2018
n nn nn Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange DEX. Announced in March of 2018, the decentralized exchange will be built on Binances own Binance chain, the soon-to-be base layer for BNB, Binances trading currency that is currently an ERC-20 token.A December 4, 2018, YouTube video posted by Binances official channel showcases the work the Binance DEX has undertaken on the project since its last update.Display

Via BitcoinMagazine – 8:35 pm December 5, 2018
n nn nn The Bitfury Group has recently announced a partnership with crypto payment processing system Paytomat, working to bring the Lightning Network to Paytomats participating merchants.According to a recent Medium post made by LightningPeach, Bitfurys in-house specialized Lightning Network engineering team, the Bitfury Group is pouring its resources into Paytomats wallet and vendor system, enabling users and merchants on the Paytomat system to send and receive b

Via BitcoinMagazine – 7:20 pm December 5, 2018
n nn nn Having announced the beta version of its blockchain-based donation platform GiveTrack in 2017, the BitGive Foundation has now launched the GiveTrack 1.0 on the mainnet.The GiveTrack platform was created to bring transparency to the donation process. Using the platform, donations can be made with bitcoin, allowing donors to track the progress of the funds in real time, ensuring donations make it to the intended charities and get used for their intended caus

Via BitcoinMagazine – 10:20 pm December 4, 2018
n nn nn 2018 has been a hallmark year for the U.S. Securities and Exchange Commission SECs enforcement against cryptocurrency companies, and, according to one director, international collaboration with other regulatory agencies has played a supporting role in the SECs recent regulatory actions.Steven Peikin, co-director of the Division of Enforcement at the SEC, has credited international collaboration as a useful weapon in the agency's arsenal for bringing f

Via BitcoinMagazine – 8:55 pm December 4, 2018
n nn nn Where 2017s dizzying price highs embedded hodl into the public consciousness, 2018 was the year in which buidl became a trend in the crypto-industry and Bitcoin was no exception.Anticipated in Bitcoin Magazines first cover story of 2018, Bitcoins technological progress only accelerated this year. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy s

Via BitcoinMagazine – 6:55 pm December 4, 2018
n nn nn Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the markets major stablecoins. Adding to its support for MakerDaos Dai and Tethers USDT, the sister platforms recently listed USD Coin USDC, TrueUSD TUSD, Paxos Standard Token PAX and Gemini USD GUSD. All stablecoins available on the exchanges will be traded against the U.S. dollar.Launched in 2018, Ethfinex is Bitfinexs ERC-20 exchange arm. Built for trading Ethereum tokens,

Via BitcoinMagazine – 6:55 pm December 4, 2018
n nn nn South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the countrys National Election Commission NEC and its Ministry of Science and ICT, the distributed ledger system is based on IBMs Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.South Korean officials believe a blockchain voting system will increase both secur

Via BitcoinMagazine – 11:45 pm December 3, 2018
n nn nn As the market continues to tumble and mining profits have dwindled, Bitcoins mining difficulty dropped by its largest percentile in seven years the second largest downward correction in the cryptocurrencys lifetime.The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.1 percent. Just over two weeks later, the network would experience its most significant difficulty decrease, falling by 18 p

Via BitcoinMagazine – 9:45 pm December 3, 2018
n nn nn Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation.This years G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1. International government officials, as well as some of the worlds largest corporations including Bank of America, Inter-American Development Bank, the World Trade Organization and the World Health Organization, gathered to discuss topics ranging from infrastructural d

Via BitcoinMagazine – 7:50 pm December 3, 2018
n nn nn Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed.Located in the Bugesera District, the school is a primary institution designed for children between the ages of 6 and 15. It's Paxful's second Philanthropic endeavor in the village, and construction was finished roughly one year after the company bui

Via BitcoinMagazine – 6:10 pm December 3, 2018
n nn nn For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments at both the federal and international levels signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.Currently, whether a cryptocurrency-related business is subject to the Bank Secrecy Act BSA and its related regul

Via BitcoinMagazine – 6:10 pm December 3, 2018
n nn nn Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohios blockchain startups.As covered in Cleveland-based news organizations, JumpStart Inc.s CEO Ray Leach initially announced this donation. Collectively, the seven different funds, which are all based in Ohio, are commitmed to invest $100 million in early-stage startups that focus on using blockchain technology f

Via BitcoinMagazine – 6:10 pm December 3, 2018
n nn nn The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.The bill was passed unanimously by the state's legislative committee 13-1, and it

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn This week realized a big gain as bitcoin enjoyed a 25 rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next moveFigure 1 BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last years parabolic bull market. At

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn A new development has arisen in the U.S. Securities and Exchange Commissions SEC efforts to regulate ICOs a District Judge has turned back a request for an injunction.According to a recent legal briefing, San Diego District Judge Gonzalo Curiel has been presiding over a case between the SEC and the startup company Blockvest. On November 27, 2018, although Judge Curiel had previously granted the SECs ex parte request for a temporary restraining order and fr

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn Jared Rice Sr., CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation FBI on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud. Rice is accused of scamming investors out of more than $4 million through a cryptocurrency scam that promised federally insured accounts and brand-name credit cards.Earlier this year, the U.S. Securities and Exchange Commissions SECs regional office i

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn Vitalik Buterin left academia four years ago to pursue a career in crypto. Now, the Ethereum founders contributions to the industry and the computer science field at large have earned him an honorary Ph.D. in the same year he might have eventually completed his undergrad degree.In 2014, disenchanted with academics, Buterin accepted a Thiel Fellowship for his preliminary work on Ethereum and dropped out in his freshman year at the University of Waterloo to

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn Popular cryptocurrency exchange Coinbase is launching Zcash ZEC trading on its professional trading platform Coinbase Pro. The announcement made via Coinbases blog page states that inbound transfers of the currency will begin at 10 p.m. PST on Thursday, November 29, 2018, though early deposits have already begun.The blog reads, Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible

Via BitcoinMagazine – 10:25 am December 2, 2018
n nn nn Blockchain Payroll Platform WorkChain.io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union EU users with the EURS stablecoin.EURS becomes the second stablecoin selected for use on the WorkChain.io platform but the first one collateralized in euros. The platform also supports TrustToken's TrueUSD stablecoin, which is a fiat-collateralized stablecoin pegged to the U.S. dollar.Speaking with Bitc