Bitcoin

For as long as the wants of humans remain insatiable, there will always be demand and supply. The two forces have, in turn, created many forms and mediums of exchange for millennia. It evolved to the use of stones, salt, rocks, metals, and fiat currency starting from barter trade. Digital currencies, more so cryptocurrencies, have been taking the world by a storm. Their usage has surged, boasting a total market cap of around $395bn as of 3rd November 2020. The…

Since its launch in 2009 by the pseudonymous developer Satoshi Nakamoto, Bitcoin has always stayed ahead of its competition. Cementing this fact is the worth of the coin is about 64.2% of the total cryptocurrency Market Cap as of the 8th of November 2020. As the pioneer cryptocurrency, it entered a new front whose problems were only starting to be understood. Many different altcoins have since made their debuts, each solving the predecessors' challenges, and with aspirations to unseat Bitcoin,…

According to Bloomberg's report, the US Justice Department has seized 69,369 Bitcoins currently worth over $1 billion. Besides Bitcoins, the department also took holding Bitcoin Cash, Bitcoin Gold, and Bitcoin SV. It is the largest seizure of cryptocurrencies in the history of the Department of Justice. These Bitcoins were stolen from the infamous dark web market Silk Road. As per the court documents, Ross Ulbricht, founder of Silk Road, became aware of the hacker's online identity who stole these Bitcoins.…

In a blog post, the Lightning Network (LN) has announced the release of Lightning Pool. It's a non-custodial and peer-to-peer marketplace for acquiring inbound liquidity. With the Lightning Pool open for business, the network has opened gates for earning a yield on Bitcoin by leasing liquidity on Lightning. What is Lightning Network, and how it works? Lightning Network (LN) aims to solve the issue of stability on the Bitcoin blockchain by building a second layer on top of it. Therefore,…

Cryptocurrency wallets offer a safe and efficient cryptocurrency storage solution. Being a necessity for crypto users, wallets development, and growth is a strong indication of the cryptocurrency growth rate. Bitcoin's enormous growth is evident through the rapid upsurge in the number of Bitcoin wallets since the virtual currency's creation in 2009.  Spikes in crypto wallets usually coincide with rising cryptocurrency prices during optimistic periods. However, it’s worth noting that the general trend in the growth of crypto wallets has always…

If you can’t beat them, join them. Or, in this case, create your own crypto.  In 2017, just before the crypto boom, which saw bitcoin trading at an all-time high above $20,000, Jamie Dimon, the chairman and CEO of JPMorgan Chase, described Bitcoin with some of the most derogatory words ever used on the cryptocurrency.  Bitcoin Is A Fraud At the time, Dimon blasted bitcoin, calling it a “fraud” that would get “someone killed.” He said the cryptocurrency was “worse…

The world seems ready for widespread BTC adoption after it approached levels not seen since after the burst of the crypto market bubble in 2018. As per a Bloomberg report published on Oct. 27, the flagship crypto climbed by over 3.7% to hit $13,497, nearly matching the $13,851 high set on Jun. 26, 2019. [caption id="attachment_19100" align="aligncenter" width="1722"] BTC price Approaches June 2019 High | Source Bloomberg[/caption]   If BTCUSD manages to surpass this 2019 high, it will have registered…

In a recent podcast with Joe Rogan, Kanye West speaks about crypto and Bitcoin. The famous American rapper says Bitcoin is the true liberation of humanity and America. Apart from being a rapper, running a clothing brand, Kanye is also running for Presidential Election 2020. https://twitter.com/BitcoinMagazine/status/1320077101257601025?s=20 In the podcast, Kanye calls Bitcoin a new frontier of our existence and how the "tech guys" are using new information highways to make it possible. He speaks highly of tech innovations and entrepreneurship…

PayPal is set to allow users to make transactions using cryptocurrencies, according to multiple reports today. According to a press release on Reuters, users will be able to use cryptocurrencies starting in early 2021. PayPal believes that the new service would encourage the global use of virtual currencies. Also, it hopes to prepare its payment network for the new CBDCs that will be issued by central banks globally. US account holders will be the first to experience this new service…