The Latest Bitcoin News

October, 2018

  • 18 October

    Offline Bitcoin Transactions Being Tested

    Rigel Walshe, a developer who lives in New Zealand, put the Samourai Wallet and goTenna partnership to the test by attempting to send bitcoin transactions offline. Bitcoin Magazine details the developers personal trials successfully utilizing radio frequencies to transact.    With only a $27 dollar basic Android smartphone and four goTennas (used to create radio signals), an offgrid bitcoin transaction …

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  • 17 October

    30,000 BTC ($194M) Transaction Confirmed With $0.10 Fee in 30 Minutes

    Confirmed in block 545911, the large bitcoin transaction of 30,000 bitcoin took approximately thirty minutes to confirm and cost around $0.10 in fees. This transaction provides yet another example of just how impactful blockchain and bitcoin will be for a globalized world. A similar international transaction through centralized entities would amount to thousands in transaction fees. CCN finds that a …

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  • 16 October

    LibertyX and Genmega Launch America’s First Debit Bitcoin ATMs

    This partnership, announced on Finextra, means every Genmega ATM has the capability to enable LibertyX via a simple update process. This means that the 100,000 Genmega ATMs nationwide can upgrade to start selling bitcoin to consumers. The press release claims this to be the first ATM to integrate debit cards as a payment option for bitcoin. This drastically alters the …

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  • 15 October

    New Zealand Passes Act Expanding Customs Access to Electronic Devices; Five Eyes Implications

    New Zealand’s new Customs and Excise Act, which went into effect October 01 of this year, expands government officials’ power to seize personal devices, obtain their passwords or keys, and copy information from them. It also allows a fine of $5,000 NZD ($3,200 USD) to be imposed on those travelers who refuse the search (while still allowing these devices to …

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  • 12 October

    The Number of College and University Endowments’ Investing in Cryptos are Growing

    A growing number of U.S. colleges and universities are said to have included cryptocurrencies as a part of their endowment. This is a sign of increasing acceptance by institutional investors of the new digital-asset class. Last week, Bloomberg reported that Yale joined a new digital asset fund called Paradigm, helping it to raise $400 million, according to an anonymous individual …

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  • 11 October

    Could Centralized Mining in China be Bitcoin’s Biggest Problem?

    Described as bitcoin’s “most powerful adversary,” a new joint research paper by Princeton University and Florida International University examines how the Chinese government can directly impact the decentralized bitcoin network by targeting mining operations which are largely hosted in the country. “Bitcoin mining has become heavily centralized due to advances in specialized hardware that render commodity hardware obsolete. As a …

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  • 10 October

    Small Farms in Arkansas Utilizing Blockchain Technology

    In an effort to ensure customers fully understand the history behind the food they are about to purchase, the Grass Roots Farmers’ Cooperative, formed by a number of small livestock farmers in Arkansas, are utilizing the Provenance supply chain which is powered by blockchain technology. Modern Farmer details how the adoption of distributed ledger technology can impact the food industry. …

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  • 9 October

    Legal Bitcoin Trade Vastly Overshadows Illegal Use: DEA Agent

    One of the most stigmatizing aspects of bitcoin has been its initial association with a poor illegal to legal use ratio. Many continue to attack the world’s first digital currency for this ratio as if it remains the same today. A Drug Enforcement Administration (DEA) special agent, however, who has been studying the area since the early days of bitcoin, …

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  • 8 October

    Need Car Parts? NewParts Now Accepts Bitcoin and Other Cryptocurrency Payments

    The online and international automotive supply retailer, NewParts, announced a partnership with Shopping Cart Elite which allows the company to offer cryptocurrencies as a payment option. In the company’s press release, the retailer states that it “…is opening its store to customers around the world” by accepting bitcoin (BTC), bitcoin cash (BTC), bitcoin diamond (BCD), bitcoin gold (BTG), dash (DASH), …

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  • 5 October

    London-Based Pub Chain to Accept Bitcoin & Bitcoin Cash

    A blog post by BrewDog, a pub chain in London, informs readers that their new Canary Wharf branch, opening Friday October 19th, will accept both Bitcoin (BTC) and Bitcoin Cash (BCH). This limited launch will allow the company to work out any kinks as they plan to “eventually roll out this way of paying into all of our UK BrewDog …

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  • 4 October

    Blockchain for Aid

    An article by the Tampa Bay Times outlines how blockchain, the underlying technology of cryptocurrencies such as bitcoin, has improved the efficiency of tracking and delivering aid; especially at the international level. The UN’s World Food Programme (WFP) has experimented with blockchain technology since 2017, managing the aid for over 100,000 Syrian refugee camps in Jordan. There are about 740,000 …

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  • 3 October

    WSJ: Bots Manipulating Price of Cryptocurrencies

    According to an article by the Wall Street Journal, the use of trading bots for illicit activities can be one of the main causes for volatility in the cryptos market. Bad actors will employ a number of market manipulation tactics such as flooding, then immediately canceling, call orders or executing simultaneous trades with oneself to create a mirage of activity. …

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  • 2 October

    Online Fraud Expert Discusses Cyber-Security and Protecting Bitcoin

    Speaking with CNBC, Google’s email security lead Mark Risher talks about securing your bitcoin from online hackers. Beyond adopting various technical options to better secure your accounts from attack, how much you reveal about yourself online could increase the chances of both being scammed and successfully so. Whether you are a minnow or a whale in the crypto-market, you can …

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September, 2018

  • 28 September

    SEC, CFTC Move Against Bitcoin Futures Firm 1Broker

    Both the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have filed charges against 1pool Ltd., also known as 1Broker, and its Austria-based CEO for allegedly selling security swaps funded with bitcoin, violating federal security laws. In the press release issued by the SEC, it details that 1Broker “registered in the Republic of the Marshall Islands, …

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  • 27 September

    Bitmain Mining Company Files for IPO in China

    Chinese based Bitmain Technologies Ltd., which leads the world in producing cryptocurrency mining chips, is planning an initial public offering (IPO) in Hong Kong, according to a report by the Wall Street Journal. Information provided by their public filing indicates that $2.8 billion in revenue has been generated in the first half of 2018, a tenfold increase from just a …

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