As the bolivar plunges to unimaginable lows, Venezuelans are turning to cryptocurrencies to keep their heads above the water
A new research paper from a pseudonymous author puts the valuation of a single bitcoin at $5.8 million. The paper makes the case that bitcoin is the best form of money in existence today and should be valued as the dominant world currency. Throughout the paper, points are made around bitcoin’s intrinsic value, the use […]
This post Research Paper Makes the Case for a $5.8 Million Bitcoin Price first appeared on Coinjournal.
While the main sales pitch of Bitcoin has always been that it allows users to route around governments and banks to create a new, decentralized financial system, one online gambling site, known as BitKong, is now offering a feature of traditional banking to their users: savings accounts. Giving people the ability to invest in a […]
This post This Gambling Platform Offers a Bitcoin Savings Account with 8% Interest first appeared on Coinjournal.
Is all the confusion around the new Bitcoin fork hurting your head? Looking for some guidance on how this whole saga is going to pan out? Is bitcoin cash going to go “to the moon”? Well, this piece might just make you more confused, because there’s a lot more than meets the eye when it comes to Bitcoin cash’s price spike.
In 2016, North Korea made cybersecurity news again with an $81-million heist from the Bangladesh central bank. On May 17th, North Korea’s bitcoin mining operation saw a huge spike in activity. This piece discusses North Korean ventures into crypto, and its links to ransomware outbreaks and cyberheists.
The scheduled execution of the bitcoin hard fork proposal Bitcoin Cash which is set to begin on August 1, 12:20 UTC, is hours away and yet the market, investors and traders remain confident in bitcoin and its ability to scale. Earlier this week, bitcoin analyst and Civic CEO Vinny Lingham stated, “If I were running […]
This post Hours Away From Bitcoin Fork, Price Above $2,900 as Investors Remain Confident first appeared on Coinjournal.
Asset forfeiture is a controversial policy that allows local and state police departments to seize money and property from those suspected of committing a crime, even in cases where the alleged criminals are not convicted of wrongdoing. While many activists have been pushing for reform in the area of asset forfeiture for years, the US […]
This post DOJ’s Asset Forfeiture Decision Illustrates Bitcoin’s Usefulness first appeared on Coinjournal.
It’s been a long and windy road since Bitcoin was first challenged by Kazakhstan, but the Central Asian nation finally seems to have had a change of heart
Earlier this week, the Genesis Mining development team announced that an unauthorized intrusion by an undisclosed attacker was discovered and as a result, funds stored in the company’s hot wallet were stolen and transferred to an external wallet. Most companies in the space operate a hot & cold wallet system: Hot wallet refers to wallets […]
While the push for renewable energy is gaining traction, consumers are still tied to large power grids and the even larger cartels who control them. But things might be changing. In 2016, the first ever blockchain managed energy transaction occurred in Brooklyn through a microgrid that allows users to trade energy through a virtual, peer-to-peer system built on blockchain technology.