Home » Tag Archives: Bitcoins

Tag Archives: Bitcoins

Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $60 Million Crypto Theft

In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($40 million) belonged to customers. Tech Bureau, operator of cryptocurrency exchange Zaif, confirmed the hack occurred between 1700 and 1900 local time on September 14 wherein attackers managed ...

Read More »

Majority of Circulating Bitcoins Stored in Investment Wallets

A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar. The analysis shows that 55 percent of bitcoins are currently kept in wallets that are valued over $1.3 million,  constituting balances of more than 200 BTC. One third of BTC in those wallets have reportedly never been ...

Read More »

Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report

A South African businessman whose captors had allegedly demanded bitcoins as ransom has been freed. Liyaqat Parker, a businessman based in Cape Town, South Africa, was released on Monday according to a statement issued by his family. However, the circumstances of his release, including whether the bitcoin ransom was paid, remain unclear as his family declined to divulge further information. ...

Read More »

Bitcoin’s Energy Consumption in Summer: Rise or Fall?

It’s no secret that Bitcoin (BTC) mining is an expensive business, and in more ways than one. Not only has it become less profitable since July 2016’s halving of mining rewards to 12.5 BTC, but competition among miners and an increasing hashrate have resulted in ever-higher energy consumption, with all the damage to the environment that implies. Yet, as energy-intensive ...

Read More »

Emerging Markets Are the Biggest Determinant of Bitcoin’s Price Movement: Fundstrat’s Tom Lee

Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest effect on the price of Bitcoin, with the two markets ...

Read More »

Bitcoin’s Emerging Market Connection and a $60,000 Price Target

Bitcoin’s stability and relative strength continue to be the most promising signs in the cryptocurrency segment, with the largest coin pushing modestly higher Friday in late trading before pulling back slightly today. Among the other majors, only Litecoin is showing considerable short-term relative strength, while the largest altcoins are clearly lagging behind BTC. Thanks mostly to Bitcoin, the total value ...

Read More »

BlockFuse Continues the Search for Bitcoin’s Killer App

Even though Bitcoin and Litecoin are two popular and appealing cryptocurrencies, there is a growing need for additional developers. BlockFuse aims to lower the barriers to entry when it comes to developing applications for both of these ecosystems. It’s a worthwhile venture, as it will certainly improve the overall appeal of cryptocurrency. BlockFuse’s CoinMesh Offers a Lot of Potential While ...

Read More »

BlockShow Panelists Argue About Bitcoin’s Decentralization, Blockchain Pros and Cons

Today, August 21, at BlockShow Americas 2018, speakers at a blockchain-related panel debated the question of the Bitcoin (BTC) blockchain’s decentralization and the benefits of its applications to the global community. At the discussion panel titled “The Great Controversy: Blockchain as Seen From Major Institutions’ Perspective,” participants argued about the actual need for blockchain applications in payment systems and questioned ...

Read More »