Bitcoin NEWS (@bitcoin.info)

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Markets Update: Bitcoin Bull-Run Primes Altcoin Markets for New USD Highs

With bitcoin #currently consolidating above $8000 USD after establishing an all-time high of nearly $8400 USD, some liquidity has shifted towards the altcoin markets. This has resulted in several major altcoins setting record dollar-value highs despite holding relatively modest prices when paired with bitcoin. Today, Ethereum set a new all-time high of approximately $420 USD, with prices surpassing $400 USD. Dash and Monero also set a new all-time high today, with Dash testing $600 USD for the first time before retracing to approximately $570 USD, and XMR currently trading for approximately $170 USD.

Bitcoin Steadies After Dramatic Month
Markets Update: Bitcoin Bull-Run Primes #Altcoin Markets for New USD HighsAs of this writing, the price of a single bitcoin is approximately $8130 USD, following the establishment of a new all-time high of roughly $8380 USD earlier this week. The total market capitalization of bitcoin is over $136 billion USD, with 24-hour trading volume exceeding $4 billion USD.

Bitcoin experienced a dramatic November, with the markets falling by roughly 28% after setting the preceding high of $7890 USD at the beginning of the month. The dip comprised the largest red weekly candle in bitcoin’s history. However, after making a low of approximately $5450 USD, bitcoin quickly recovered to break above $8000 USD and produce its largest ever green weekly candle.

With Bitcoin’s #price movements calming in recent days, some liquidity has shifted into the altcoin markets – triggering the establishment of new all-time dollar highs in several major markets. #Bitcoins market dominance is currently 53.1% – down approximately 5% from one week ago.

Ethereum, #Dash, and #XMR Set New All-Time Highs
Ethereum gained approximately 13% to establish a new record dollar high today. The total #market cap of #Ethereum now exceeds $40 billion #USD, with ETH currently trading at approximately $420 USD – up more than 30% since the start of the month. Earlier this week, Ethereum published the initial version of its Casper protocol update, which was first presented at Devcon3 earlier this month.

Bitcoin NEWS (@bitcoin.info)


Markets Update: Bitcoin Bull-Run Primes Altcoin Markets for New USD Highs With bitcoin #currently consolidating above $8000 USD after establishing an all-time high of nearly $8400 USD, some liquidity has shifted towards the altcoin markets. This has resulted in several major altcoins setting record dollar-value highs despite holding relatively modest prices when paired with bitcoin. Today, Ethereum set a new all-time high of approximately $420 USD, with prices surpassing $400 USD. Dash and Monero also set a new all-time high today, with Dash testing $600 USD for the first time before retracing to approximately $570 USD, and XMR currently trading for approximately $170 USD. Bitcoin Steadies After Dramatic Month Markets Update: Bitcoin Bull-Run Primes #Altcoin Markets for New USD HighsAs of this writing, the price of a single bitcoin is approximately $8130 USD, following the establishment of a new all-time high of roughly $8380 USD earlier this week. The total market capitalization of bitcoin is over $136 billion USD, with 24-hour trading volume exceeding $4 billion USD. Bitcoin experienced a dramatic November, with the markets falling by roughly 28% after setting the preceding high of $7890 USD at the beginning of the month. The dip comprised the largest red weekly candle in bitcoin’s history. However, after making a low of approximately $5450 USD, bitcoin quickly recovered to break above $8000 USD and produce its largest ever green weekly candle. With Bitcoin’s #price movements calming in recent days, some liquidity has shifted into the altcoin markets – triggering the establishment of new all-time dollar highs in several major markets. #Bitcoins market dominance is currently 53.1% – down approximately 5% from one week ago. Ethereum, #Dash, and #XMR Set New All-Time Highs Ethereum gained approximately 13% to establish a new record dollar high today. The total #market cap of #Ethereum now exceeds $40 billion #USD, with ETH currently trading at approximately $420 USD – up more than 30% since the start of the month. Earlier this week, Ethereum published the initial version of its Casper protocol update, which was first presented at Devcon3 earlier this month.

5 Tips for New Bitcoin Investors. Taking the plunge and entering the crypto space can be daunting. There is no centralized authority to hold your hand, and the rumors and stories circulating around digital currencies can be fear-inducing.

However, with a few straightforward tips, negotiating that first Bitcoin transaction or trade can be a lot less stressful.

1. Do your homework
There is plenty of hype, rumor, success stories and tales of horror when it comes to Bitcoin and other digital currencies. Make sure you understand exactly what you’re getting into, and don’t risk more money than you could afford to lose.

Bitcoin is an exciting world to be in, but it is one that is complex and confusing if you only enter it on hype. Many people buy expensive cars, not knowing how the engine works, and that is fine because if it breaks there are mechanics and garages. In the cryptocurrency world, it is you against the world, it is decentralized and there is no one to hold your hand.

Pawel Kuskowski, CEO & co-founder of Coinfirm, gave this advice: "The more you understand, the better off will be." Don’t simply speculate about the big money there is to be made, actually go out there and learn how Bitcoin and Blockchain work. Lucas Geiger, founder and CEO of Wireline, says: "This may seem obvious, but I think the first thing is take time to understand the Blockchain. I say this strongly because few people will do this. If you don't have a high-level understanding of how a Blockchain stores secure data (such as coins), then you are investing in the equivalent of tulip bulbs.” A good place to start is the beginning - with Satoshi Nakamoto's white paper. Crypto fund manager Jacob Eliosoff wrote: "If you have any technical bent whatsoever, take 10 minutes to leaf through the original 2008 Satoshi white paper. It's only eight pages, legible and an inspiring work of genius!" The great thing about the cryptocurrency ecosystem though is that there is a lot of material and information out there. Loads of websites and resources are aiming at trying to make the technology easier to understand.#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #btc #coin #price

Bitcoin NEWS (@bitcoin.info)


5 Tips for New Bitcoin Investors. Taking the plunge and entering the crypto space can be daunting. There is no centralized authority to hold your hand, and the rumors and stories circulating around digital currencies can be fear-inducing. However, with a few straightforward tips, negotiating that first Bitcoin transaction or trade can be a lot less stressful. 1. Do your homework There is plenty of hype, rumor, success stories and tales of horror when it comes to Bitcoin and other digital currencies. Make sure you understand exactly what you’re getting into, and don’t risk more money than you could afford to lose. Bitcoin is an exciting world to be in, but it is one that is complex and confusing if you only enter it on hype. Many people buy expensive cars, not knowing how the engine works, and that is fine because if it breaks there are mechanics and garages. In the cryptocurrency world, it is you against the world, it is decentralized and there is no one to hold your hand. Pawel Kuskowski, CEO & co-founder of Coinfirm, gave this advice: "The more you understand, the better off will be." Don’t simply speculate about the big money there is to be made, actually go out there and learn how Bitcoin and Blockchain work. Lucas Geiger, founder and CEO of Wireline, says: "This may seem obvious, but I think the first thing is take time to understand the Blockchain. I say this strongly because few people will do this. If you don't have a high-level understanding of how a Blockchain stores secure data (such as coins), then you are investing in the equivalent of tulip bulbs.” A good place to start is the beginning - with Satoshi Nakamoto's white paper. Crypto fund manager Jacob Eliosoff wrote: "If you have any technical bent whatsoever, take 10 minutes to leaf through the original 2008 Satoshi white paper. It's only eight pages, legible and an inspiring work of genius!" The great thing about the cryptocurrency ecosystem though is that there is a lot of material and information out there. Loads of websites and resources are aiming at trying to make the technology easier to understand.#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #btc #coin #price

Experts are gathered in Addis Ababa to review a new Economic Commission for Africa (#ECA) report which aims to explore opportunities for blockchain technology in Africa.

Blockchain is an ingenious invention that allows digital information to be distributed but cannot be copied.

Originally devised in 2008 for the digital currency, Bitcoin, by an anonymous person or group known as #Satoshi #Nakamoto and implemented in 2009, the tech community is now finding other potential uses for the technology.

Addressing an Expert Group Meeting (EGM) on Information and Communication Technologies on the theme "Exploring opportunities for Blockchain technology in Africa", Kasirim Nwuke, Chief of the New Technologies and Innovation Section, said there currently was a lot of hype about blockchain though much remains unknown about the technology. "Like every new technology, blockchain faces many barriers which must be understood and overcome in order for Africa to take full advantage of it," he said.

Mr. Nwuke said Africa lacks extensive infrastructure, advanced financial institutions, a high degree of political stability and large pools of capital that enable rapid adoption and diffusion of #technologies, adding there are also #technical constraints to widespread adoption of blockchain #technologies in Africa.

These include, scalability and transaction speed of distributed ledger systems, interoperability of different ledgers, network security and resilience of the #system against potential cyber-attacks from cyber-criminals. And regulatory and cultural barriers as well. "It is with the above in view that we commissioned the report which we are presenting to you today, as experts in the field, to review and advice. Our aim in the report is to #explore the opportunities and challenges that #blockchain #technology presents in the context of skills and resource limitations as is the case in most #African countries," said Mr. Nwuke. "We #hope that this report will contribute to ongoing efforts on our continent to understand blockchain technologies, to harness it and to fashion adequate responses to it. #bitcoins #bitcoinnews #bitcoinafrica #price #bitcoinexchange #Btc #bth

Bitcoin NEWS (@bitcoin.info)


Experts are gathered in Addis Ababa to review a new Economic Commission for Africa (#ECA) report which aims to explore opportunities for blockchain technology in Africa. Blockchain is an ingenious invention that allows digital information to be distributed but cannot be copied. Originally devised in 2008 for the digital currency, Bitcoin, by an anonymous person or group known as #Satoshi #Nakamoto and implemented in 2009, the tech community is now finding other potential uses for the technology. Addressing an Expert Group Meeting (EGM) on Information and Communication Technologies on the theme "Exploring opportunities for Blockchain technology in Africa", Kasirim Nwuke, Chief of the New Technologies and Innovation Section, said there currently was a lot of hype about blockchain though much remains unknown about the technology. "Like every new technology, blockchain faces many barriers which must be understood and overcome in order for Africa to take full advantage of it," he said. Mr. Nwuke said Africa lacks extensive infrastructure, advanced financial institutions, a high degree of political stability and large pools of capital that enable rapid adoption and diffusion of #technologies, adding there are also #technical constraints to widespread adoption of blockchain #technologies in Africa. These include, scalability and transaction speed of distributed ledger systems, interoperability of different ledgers, network security and resilience of the #system against potential cyber-attacks from cyber-criminals. And regulatory and cultural barriers as well. "It is with the above in view that we commissioned the report which we are presenting to you today, as experts in the field, to review and advice. Our aim in the report is to #explore the opportunities and challenges that #blockchain #technology presents in the context of skills and resource limitations as is the case in most #African countries," said Mr. Nwuke. "We #hope that this report will contribute to ongoing efforts on our continent to understand blockchain technologies, to harness it and to fashion adequate responses to it. #bitcoins #bitcoinnews #bitcoinafrica #price #bitcoinexchange #Btc #bth

Can You #Hold a Crypto-Conversation?
With Thanksgiving in one day and cryptocurrencies being a hot topic, you are going to want to be able to talk the talk when it comes to Bitcoin. If not, you’ll at least want to understand what grandpa Rick is saying at the dinner table when he tells the family he is thankful he HODL’d .

There is a set of words that you can be confident will come up in a crypto-related conversation. Having a good understanding of these words will allow you to better navigate and understand cryptocurrencies and will provide you with a decent basis to grow your crypto-related knowledge upon.

Regarding the Bitcoin Network
First, you will want to be aware of these four words associated with the Bitcoin Network. There are a lot of technicalities in #cryptocurrency, but I believe knowing these four words will give you a strong understanding for all the tech that comes after.

Blocks: Each transaction that occurs on the Bitcoin Network, is recorded into a 1MB file called a block. A block contains some of the most recent transactions that took place on the Bitcoin Network. A block can be thought of as a ledger.

Blockchain: We know that a block is a ledger of the most recent transactions that occurred over the Bitcoin network, and we know that each block is limited to 1MB in size… but this means that the entire transaction history of Bitcoin will not fit into a single block.

This is where the Blockchain comes into fruition; because the entire transaction history of Bitcoin cannot fit into a single #block. Instead, the #blocks build on top of each other, stacking new blocks (new information regarding the network's transaction history) on top of old blocks (the past record of the Bitcoin network’s #transaction history), to create the Blockchain, the record of every #transaction that has ever occurred over the Bitcoin network.

Nodes: Any #computer that is connected to the #Bitcoin #Network is considered a node. Every node keeps a copy of the #Blockchain and verifies if the chain sequence is valid or not if a #node #finds that a #block is not in #consensus with a majority of the nodes on the network, it will reject that block.

Bitcoin NEWS (@bitcoin.info)


Can You #Hold a Crypto-Conversation? With Thanksgiving in one day and cryptocurrencies being a hot topic, you are going to want to be able to talk the talk when it comes to Bitcoin. If not, you’ll at least want to understand what grandpa Rick is saying at the dinner table when he tells the family he is thankful he HODL’d . There is a set of words that you can be confident will come up in a crypto-related conversation. Having a good understanding of these words will allow you to better navigate and understand cryptocurrencies and will provide you with a decent basis to grow your crypto-related knowledge upon. Regarding the Bitcoin Network First, you will want to be aware of these four words associated with the Bitcoin Network. There are a lot of technicalities in #cryptocurrency, but I believe knowing these four words will give you a strong understanding for all the tech that comes after. Blocks: Each transaction that occurs on the Bitcoin Network, is recorded into a 1MB file called a block. A block contains some of the most recent transactions that took place on the Bitcoin Network. A block can be thought of as a ledger. Blockchain: We know that a block is a ledger of the most recent transactions that occurred over the Bitcoin network, and we know that each block is limited to 1MB in size… but this means that the entire transaction history of Bitcoin will not fit into a single block. This is where the Blockchain comes into fruition; because the entire transaction history of Bitcoin cannot fit into a single #block. Instead, the #blocks build on top of each other, stacking new blocks (new information regarding the network's transaction history) on top of old blocks (the past record of the Bitcoin network’s #transaction history), to create the Blockchain, the record of every #transaction that has ever occurred over the Bitcoin network. Nodes: Any #computer that is connected to the #Bitcoin #Network is considered a node. Every node keeps a copy of the #Blockchain and verifies if the chain sequence is valid or not if a #node #finds that a #block is not in #consensus with a majority of the nodes on the network, it will reject that block.

Bitcoin Gold Addresses ‘Scam’ Wallet and Premine Endowment Process. On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process. Trezor Adds Bitcoin Gold Support. Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessThe forked cryptocurrency bitcoin gold is having an interesting week as market liquidity is starting to hit exchanges. BTG markets have increased 100 percent in the past 24 hours jumping from $150 per token to $275 on November 21. The day before the Prague-based Satoshi Labs, the makers of Trezor, revealed they would enable BTG retrieval for customers within the wallet’s beta client. Trezor’s blog gives a step-by-step process on #BTG claiming, just as it did when bitcoin cash forked this past August. Users are required to use the firm’s beta wallet and upgrade their firmware to 1.6.0. “For the time being, your Bitcoin Gold wallet will only be accessible from the Trezor beta Wallet,” explains the company.

Bitcoin #Gold is not #Bitcoin — It merely uses bitcoin’s history similarly to the case of #BitcoinCash — This process will not affect your Bitcoin wallet at all.
Removing an Alleged Fraudulent Wallet from the BTG Homepage. In addition to getting BTG support from Satoshi Labs this week, the development team has revealed a wallet called “mybtgwallet” may be fraudulent and removed the wallet from their homepage. The development team says they are investigating the situation and the team is working with security experts covering the issue. “When we receive verifiable reports that a website or app is a problem, we removed it from our site,” explains the BTG development team. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #btc

Bitcoin NEWS (@bitcoin.info)


Bitcoin Gold Addresses ‘Scam’ Wallet and Premine Endowment Process. On Monday November 20, the cryptocurrency-based hardware wallet manufacturer, Satoshi Labs, revealed that the Bitcoin Gold (BTG) network is now accessible through the Trezor beta wallet. Further, the BTG development team has recently revealed that the wallet “mybtgwallet” may be a scam, alongside information on the team’s premine endowment process. Trezor Adds Bitcoin Gold Support. Bitcoin Gold Addresses 'Scam' Wallet and Premine Endowment ProcessThe forked cryptocurrency bitcoin gold is having an interesting week as market liquidity is starting to hit exchanges. BTG markets have increased 100 percent in the past 24 hours jumping from $150 per token to $275 on November 21. The day before the Prague-based Satoshi Labs, the makers of Trezor, revealed they would enable BTG retrieval for customers within the wallet’s beta client. Trezor’s blog gives a step-by-step process on #BTG claiming, just as it did when bitcoin cash forked this past August. Users are required to use the firm’s beta wallet and upgrade their firmware to 1.6.0. “For the time being, your Bitcoin Gold wallet will only be accessible from the Trezor beta Wallet,” explains the company. Bitcoin #Gold is not #Bitcoin — It merely uses bitcoin’s history similarly to the case of #BitcoinCash — This process will not affect your Bitcoin wallet at all. Removing an Alleged Fraudulent Wallet from the BTG Homepage. In addition to getting BTG support from Satoshi Labs this week, the development team has revealed a wallet called “mybtgwallet” may be fraudulent and removed the wallet from their homepage. The development team says they are investigating the situation and the team is working with security experts covering the issue. “When we receive verifiable reports that a website or app is a problem, we removed it from our site,” explains the BTG development team. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #btc

30 Percent of CFOs Still Call Bitcoin a Bubble: CNBC Survey

While the general talk of Bitcoin being in a bubble seems to be deflating among those who are in the market, there is still a strong feeling that it could pop with the institutionalized CFOs of a number of key companies.

CNBC surveyed 97 CFOs from companies that range from AT&T, Aviva, Levi and Mastercard, and within that group, 43 responded. Of those that did almost 30 percent of them said they believed that Bitcoin is ‘real’ but in a bubble.

This sounds like the typical gloom and doom from the major companies, who are either too arrogant to investigate further or simply don’t understand. In fact, the highest percentage of the CFOs, 30.2 percent, said they don’t know enough to offer an opinion.

However, there is a growing number of these traditional company finance heads who are starting to see the light.

In the survey, 14 percent of the CFOs stated they believe Bitcoin is "real and still going higher." Wall Street divide
When it comes to institutionalized money, as well as companies who operate in the traditional money market, there is still a great divide on the opinion of Bitcoin. However, the view on it has been softening as the digital currency continues to overcome hurdles.

Recent hurdles, such as the canceling of SegWit2x and Bitcoin Cash’s rally, have not slowed down Bitcoin’s rise and even on the altcoin space, huge steps are being made into traditional companies.

In fact, Ripple recently partnered with the likes of AMEX and Santander, which saw that digital currency's value rise almost 25 percent.

The jury is out
Karim Hajjar, chief financial officer of Solvay, said, that the "jury is out on Bitcoin." "It's not a currency we are using for a multibillion dollar business … it's something we are curious about, we are very very open to, but we haven't found a way to really integrate it into our business," Hajjar said.
#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoin

Bitcoin NEWS (@bitcoin.info)


30 Percent of CFOs Still Call Bitcoin a Bubble: CNBC Survey While the general talk of Bitcoin being in a bubble seems to be deflating among those who are in the market, there is still a strong feeling that it could pop with the institutionalized CFOs of a number of key companies. CNBC surveyed 97 CFOs from companies that range from AT&T, Aviva, Levi and Mastercard, and within that group, 43 responded. Of those that did almost 30 percent of them said they believed that Bitcoin is ‘real’ but in a bubble. This sounds like the typical gloom and doom from the major companies, who are either too arrogant to investigate further or simply don’t understand. In fact, the highest percentage of the CFOs, 30.2 percent, said they don’t know enough to offer an opinion. However, there is a growing number of these traditional company finance heads who are starting to see the light. In the survey, 14 percent of the CFOs stated they believe Bitcoin is "real and still going higher." Wall Street divide When it comes to institutionalized money, as well as companies who operate in the traditional money market, there is still a great divide on the opinion of Bitcoin. However, the view on it has been softening as the digital currency continues to overcome hurdles. Recent hurdles, such as the canceling of SegWit2x and Bitcoin Cash’s rally, have not slowed down Bitcoin’s rise and even on the altcoin space, huge steps are being made into traditional companies. In fact, Ripple recently partnered with the likes of AMEX and Santander, which saw that digital currency's value rise almost 25 percent. The jury is out Karim Hajjar, chief financial officer of Solvay, said, that the "jury is out on Bitcoin." "It's not a currency we are using for a multibillion dollar business … it's something we are curious about, we are very very open to, but we haven't found a way to really integrate it into our business," Hajjar said. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoin

I believe Bitcoin is a world-changing technology”- #analysis of survey’s results. The pollsters from Lendedu surveyed 564 Americans. The study aimed to investigate the environment of cryptocurrencies. They mainly wanted to explore the current acquisition and expectations of Bitcoin’s #investments.

First of all, why have people started investing in Bitcoin?

The answers are quite satisfying! Most of the respondents (over 40%) #believe that “Bitcoin is a world-changing #technology.” The second place, with the result of 22% took the conviction of „Bitcoin is a long-term store of #value, #like gold or silver.” The remaining #answers showed the other reasons why #people are interested in Bitcoin’s investments – part of them decided to buy, because relatives or friends persuaded them to do it. Secondly, some of them are investing only for a profit and claim that the value of Bitcoin will still increase. The last chosen answer shows that investors believe in Bitcoin’s development. So they are focusing on using such opportunities as transactions or purchasing goods by cryptocurrencies – less on investments.

Furthermore, the respondents asked about their willingness to sell their Bitcoins – most of them consider this investment as a promising. To be more precise, around 40% of respondents are thinking about holding Bitcoin for 1-3 years and over 22% are sure about keeping them for 3- 6 years. Only 16% have a plan to hold the Bitcoin for a less than one year. Besides, the average amount of money which could let them sell it is $196,165.79. It is about thirty times today’s value! For this moment medium value of these answerers’ investments is $2,930.85. Additionally, over 67% hasn’t sold any Bitcoin since they bought them.

To conclude this results, I would say that investors are anticipated for a significant profit. They prefer to wait for the time when Bitcoin will gain satisfying value. Moreover, specialists compared #Bitcoin with precious metals – even gold. It can confirm our thesis about the strength of digital and cryptocurrencies technology in future. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #btc #bcc

Bitcoin NEWS (@bitcoin.info)


I believe Bitcoin is a world-changing technology”- #analysis of survey’s results. The pollsters from Lendedu surveyed 564 Americans. The study aimed to investigate the environment of cryptocurrencies. They mainly wanted to explore the current acquisition and expectations of Bitcoin’s #investments. First of all, why have people started investing in Bitcoin? The answers are quite satisfying! Most of the respondents (over 40%) #believe that “Bitcoin is a world-changing #technology.” The second place, with the result of 22% took the conviction of „Bitcoin is a long-term store of #value, #like gold or silver.” The remaining #answers showed the other reasons why #people are interested in Bitcoin’s investments – part of them decided to buy, because relatives or friends persuaded them to do it. Secondly, some of them are investing only for a profit and claim that the value of Bitcoin will still increase. The last chosen answer shows that investors believe in Bitcoin’s development. So they are focusing on using such opportunities as transactions or purchasing goods by cryptocurrencies – less on investments. Furthermore, the respondents asked about their willingness to sell their Bitcoins – most of them consider this investment as a promising. To be more precise, around 40% of respondents are thinking about holding Bitcoin for 1-3 years and over 22% are sure about keeping them for 3- 6 years. Only 16% have a plan to hold the Bitcoin for a less than one year. Besides, the average amount of money which could let them sell it is $196,165.79. It is about thirty times today’s value! For this moment medium value of these answerers’ investments is $2,930.85. Additionally, over 67% hasn’t sold any Bitcoin since they bought them. To conclude this results, I would say that investors are anticipated for a significant profit. They prefer to wait for the time when Bitcoin will gain satisfying value. Moreover, specialists compared #Bitcoin with precious metals – even gold. It can confirm our thesis about the strength of digital and cryptocurrencies technology in future. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #btc #bcc

Bitcoin Tops $8,200 As Lightning Triumphs And Cash Flounders. Bitcoin price continues to delight investors Monday as the most popular virtual currency breaks and stays above $8,200.

The latest milestone for Bitcoin, which came following news the first Bitcoin-to-Litecoin Lightning Network ‘atomic swap’ successfully debuted, caps its comeback after Bitcoin Cash volatility.

BTC currently has a market cap of almost $134 bln against a cross-crypto combined cap of just under $240 bln, both numbers representing new records.

Bitcoin’s dominance has also recovered over the past few days to top 56 percent of the market after struggling to maintain supremacy as BCH caused considerable fluctuations.

BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a forking battle of their own as two strands of BCH emerged last week.

The product of a “malicious fork,” Bitcoin Clashic now represents the original Bitcoin Cash or developers describe it, “Satoshi’s true vision.” As major supporter Roger Ver’s Bitcoin.com continues to point new users towards BCH, however, the Bitcoin community is coming out in increasing support of naive newcomers potentially unaware that BCH is not in fact Bitcoin. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #bitcoinasia

Bitcoin NEWS (@bitcoin.info)


Bitcoin Tops $8,200 As Lightning Triumphs And Cash Flounders. Bitcoin price continues to delight investors Monday as the most popular virtual currency breaks and stays above $8,200. The latest milestone for Bitcoin, which came following news the first Bitcoin-to-Litecoin Lightning Network ‘atomic swap’ successfully debuted, caps its comeback after Bitcoin Cash volatility. BTC currently has a market cap of almost $134 bln against a cross-crypto combined cap of just under $240 bln, both numbers representing new records. Bitcoin’s dominance has also recovered over the past few days to top 56 percent of the market after struggling to maintain supremacy as BCH caused considerable fluctuations. BCH itself has come down off previous highs to languish around $1,200 - around 50 percent of its best prices. Staunch proponents of the Bitcoin fork as the ‘real Bitcoin’ are currently locked in a forking battle of their own as two strands of BCH emerged last week. The product of a “malicious fork,” Bitcoin Clashic now represents the original Bitcoin Cash or developers describe it, “Satoshi’s true vision.” As major supporter Roger Ver’s Bitcoin.com continues to point new users towards BCH, however, the Bitcoin community is coming out in increasing support of naive newcomers potentially unaware that BCH is not in fact Bitcoin. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #bitcoinasia

Bitcoin Gold Clarifies Premine Endowment. The Bitcoin Gold team has offered clarification regarding what was previously a somewhat confusing position on the supplies of Bitcoin Gold after the airdrop. The issue stemmed from the confusion surrounding the meaning of the term ‘pre-mine’, and what the new chain was attempting to do in mining new coins.

Clarification came today via the Bitcoin Gold website where a full explanation was given. The premine, according to the explanation, was actually a ‘post-mine’ - a mining of 100,000 coins after the fork had already occurred. The team did this via a rapid mining of approximately 8,000 blocks at 12.5 BTG per block. Premining a bonus?
The bulk of premined coins have been placed into an ‘endowment’, and according to the developers will be used to grow and maintain the BTG ecosystem. However, of the 100K coins, some five percent were set aside as a bonus for the team, or about 833 coins for each of the six members. Little was said regarding this payout, except an acknowledgement. According to the post: “There was, understandably, a lot of attention to the five percent of the premine which was earmarked as “initial reward for core team” in the Roadmap. That represents 5,000 coins, divided among six core team members, or about 833 coins each – so each core member receives about  0.005% of the existing coin supply (at the time) for their roles in getting this project off the ground during the months before launch.” The remaining 95 percent are divided into time-locked wallets (60 percent - released in three years), while the remaining 35 percent will be put into immediate use for the sake of building the platform. Specifics on how the funds will be used are to be released over time. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #btg #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoingold #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #japan

Bitcoin NEWS (@bitcoin.info)


Bitcoin Gold Clarifies Premine Endowment. The Bitcoin Gold team has offered clarification regarding what was previously a somewhat confusing position on the supplies of Bitcoin Gold after the airdrop. The issue stemmed from the confusion surrounding the meaning of the term ‘pre-mine’, and what the new chain was attempting to do in mining new coins. Clarification came today via the Bitcoin Gold website where a full explanation was given. The premine, according to the explanation, was actually a ‘post-mine’ - a mining of 100,000 coins after the fork had already occurred. The team did this via a rapid mining of approximately 8,000 blocks at 12.5 BTG per block. Premining a bonus? The bulk of premined coins have been placed into an ‘endowment’, and according to the developers will be used to grow and maintain the BTG ecosystem. However, of the 100K coins, some five percent were set aside as a bonus for the team, or about 833 coins for each of the six members. Little was said regarding this payout, except an acknowledgement. According to the post: “There was, understandably, a lot of attention to the five percent of the premine which was earmarked as “initial reward for core team” in the Roadmap. That represents 5,000 coins, divided among six core team members, or about 833 coins each – so each core member receives about 0.005% of the existing coin supply (at the time) for their roles in getting this project off the ground during the months before launch.” The remaining 95 percent are divided into time-locked wallets (60 percent - released in three years), while the remaining 35 percent will be put into immediate use for the sake of building the platform. Specifics on how the funds will be used are to be released over time. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #btg #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoingold #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #japan

Major ATM Manufacturer Integrates Bitcoin, Exposure to Millions of Users. South Korea’s Hyosung, one of the largest ATM manufacturers in #Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models. Importance of Hyosung’s Bitcoin integration
Since 2014 Hyosung has collaborated with leading Bitcoin service providers within the South Korean cryptocurrency industry such as the Tim Draper-backed Coinplug. For over three years Hyosung has enabled #SouthKorean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung #ATMs, located at nearly every convenience store and subway station.

Through the Coinplug mobile app, Hyosung has allowed South Korean #users to easily #withdraw and deposit cash to sell or obtain #BitcoinATM, increasing the liquidity of Bitcoin for general consumers in the region.

As seen in the photograph below, the efforts of Coinplug and Hyosung to transform many of the existing bank ATMs in South Korea to Bitcoin-supporting ATMs have led to an increase in mainstream adoption of Bitcoin. In the upcoming weeks Hyosung intends to roll out its full integration of Bitcoin into its international #ATM models that will be shipped to supporting countries, such as the US and most #European #countries.

Benefits of Bitcoin supporting ATMs
Since 2016, most leading Bitcoin markets and their authorities have pressured Bitcoin exchanges and trading platforms to enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to crackdown on illicit use cases of Bitcoin and other cryptocurrencies such as Ethereum and Litecoin.

Consequently, the process of account verification and updating daily or monthly limits of #Bitcoin trading accounts has become significantly challenging. On most exchanges users are required to spend at least a few weeks to submit necessary documents including personal verification (IDs or passports), bank documents, and even conduct a face-to-face interview for #maximum monthly limit upgrades.

For large-scale traders and investors it is worthwhile to go through such a rigorous verification process to create trading accounts.

Bitcoin NEWS (@bitcoin.info)


Major ATM Manufacturer Integrates Bitcoin, Exposure to Millions of Users. South Korea’s Hyosung, one of the largest ATM manufacturers in #Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models. Importance of Hyosung’s Bitcoin integration Since 2014 Hyosung has collaborated with leading Bitcoin service providers within the South Korean cryptocurrency industry such as the Tim Draper-backed Coinplug. For over three years Hyosung has enabled #SouthKorean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung #ATMs, located at nearly every convenience store and subway station. Through the Coinplug mobile app, Hyosung has allowed South Korean #users to easily #withdraw and deposit cash to sell or obtain #BitcoinATM, increasing the liquidity of Bitcoin for general consumers in the region. As seen in the photograph below, the efforts of Coinplug and Hyosung to transform many of the existing bank ATMs in South Korea to Bitcoin-supporting ATMs have led to an increase in mainstream adoption of Bitcoin. In the upcoming weeks Hyosung intends to roll out its full integration of Bitcoin into its international #ATM models that will be shipped to supporting countries, such as the US and most #European #countries. Benefits of Bitcoin supporting ATMs Since 2016, most leading Bitcoin markets and their authorities have pressured Bitcoin exchanges and trading platforms to enforce strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to crackdown on illicit use cases of Bitcoin and other cryptocurrencies such as Ethereum and Litecoin. Consequently, the process of account verification and updating daily or monthly limits of #Bitcoin trading accounts has become significantly challenging. On most exchanges users are required to spend at least a few weeks to submit necessary documents including personal verification (IDs or passports), bank documents, and even conduct a face-to-face interview for #maximum monthly limit upgrades. For large-scale traders and investors it is worthwhile to go through such a rigorous verification process to create trading accounts.

The Satoshi Revolution – Chapter 2: Satoshi’s White Paper Breaks Your Economic Chains (Part 5). The #Satoshi Revolution: A Revolution of Rising Expectations.
Section 1 : The Trusted Third Party Problem
Chapter 2: Monetary Theory
by Wendy McElroy

Satoshi’s White Paper Breaks Your Economic Chains (Chapter 2, Part 5)

I think that the #Internet is going to be one of the #major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A. The way I can take a $20 bill hand it over to you and then there’s no record of where it came from. You may get that without knowing who I am. That #kind of thing will develop on the Internet and that will make it even easier for people using the Internet. Of course, it has its negative side. It means the gangsters, the people who are engaged in illegal transactions, will also have an easier way to carry on their #business.
—Milton Friedman

The Nobel Prize economist predicted Bitcoin during a 1999 interview conducted by the National Taxpayers Union Foundation. Milton Friedman’s brief statement is remarkable. Within a decade, a reliable e-cash was developed. Bitcoin did and does have a profound political impact on government by shattering its monopoly on currency. Peer-to-peer transfers do not require participants to know each other, and they can be almost anonymous. #Bitcoin benefits criminals, as well as peaceful individuals, in much the same manner as physical cash. The quote’s one misstep is to envision an exchange in which “there’s no record of where it came from.” E-cash and its surrounding issues had been discussed many times before October 31, 2008 when Satoshi’s Paper, “Bitcoin: A Peer-to-Peer Electronic #Cash #System,” was released into the wild. Without the blockchain to enable peer-to-peer transfer, however, the emphasis was generally on how to achieve anonymity when dealing with a trusted third party. It is the #blockchain that makes bitcoin remarkable because it eliminates the need for a trusted third #party.
#bitcoines #bitcoinexchange #Btc #up

Bitcoin NEWS (@bitcoin.info)


The Satoshi Revolution – Chapter 2: Satoshi’s White Paper Breaks Your Economic Chains (Part 5). The #Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 2: Monetary Theory by Wendy McElroy Satoshi’s White Paper Breaks Your Economic Chains (Chapter 2, Part 5) I think that the #Internet is going to be one of the #major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A. The way I can take a $20 bill hand it over to you and then there’s no record of where it came from. You may get that without knowing who I am. That #kind of thing will develop on the Internet and that will make it even easier for people using the Internet. Of course, it has its negative side. It means the gangsters, the people who are engaged in illegal transactions, will also have an easier way to carry on their #business. —Milton Friedman The Nobel Prize economist predicted Bitcoin during a 1999 interview conducted by the National Taxpayers Union Foundation. Milton Friedman’s brief statement is remarkable. Within a decade, a reliable e-cash was developed. Bitcoin did and does have a profound political impact on government by shattering its monopoly on currency. Peer-to-peer transfers do not require participants to know each other, and they can be almost anonymous. #Bitcoin benefits criminals, as well as peaceful individuals, in much the same manner as physical cash. The quote’s one misstep is to envision an exchange in which “there’s no record of where it came from.” E-cash and its surrounding issues had been discussed many times before October 31, 2008 when Satoshi’s Paper, “Bitcoin: A Peer-to-Peer Electronic #Cash #System,” was released into the wild. Without the blockchain to enable peer-to-peer transfer, however, the emphasis was generally on how to achieve anonymity when dealing with a trusted third party. It is the #blockchain that makes bitcoin remarkable because it eliminates the need for a trusted third #party. #bitcoines #bitcoinexchange #Btc #up

Visa Launches First Phase of Blockchain B2B Payments 
Global credit card giant Visa has rolled out the first, pilot phase of its blockchain-based business-to-business payments service, B2B Connect.

First announced last year, Visa plans to use the platform to ease cross-border payments by facilitating direct payments between institutions, cutting out the middleman the industry currently relies on. The platform – developed with the assistance of blockchain startup Chain – is also designed to ensure secure, yet transparent payments between enterprises.

Already working with Visa on the project are U.S.-based Commerce Bank, South Korea's Shinhan Bank, the Union Bank of Philippines and the United Overseas Bank, based in Singapore.

Visa's global head of solutions, Kevin Phalen, told CoinDesk that the banks are trialing live bank-to-bank transactions over the platform.

Following this first phase of the project, phase two will see the project move to a commercial launch, slated to occur in the middle of 2018, he added.

Phalen explained: "This week's announcement is just the first step as we work towards a commercial launch of Visa B2B Connect. We are beginning to process bank-to-bank test transactions with select clients. Additional banks, including corporates, will follow soon." Visa's existing partners, as well as future ones, can utilize the company's application programming interface (API) to create their own platforms, according to a press release.
#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #blockchain #BitcoinAcademy #bitcoinasia

Bitcoin NEWS (@bitcoin.info)


Visa Launches First Phase of Blockchain B2B Payments Global credit card giant Visa has rolled out the first, pilot phase of its blockchain-based business-to-business payments service, B2B Connect. First announced last year, Visa plans to use the platform to ease cross-border payments by facilitating direct payments between institutions, cutting out the middleman the industry currently relies on. The platform – developed with the assistance of blockchain startup Chain – is also designed to ensure secure, yet transparent payments between enterprises. Already working with Visa on the project are U.S.-based Commerce Bank, South Korea's Shinhan Bank, the Union Bank of Philippines and the United Overseas Bank, based in Singapore. Visa's global head of solutions, Kevin Phalen, told CoinDesk that the banks are trialing live bank-to-bank transactions over the platform. Following this first phase of the project, phase two will see the project move to a commercial launch, slated to occur in the middle of 2018, he added. Phalen explained: "This week's announcement is just the first step as we work towards a commercial launch of Visa B2B Connect. We are beginning to process bank-to-bank test transactions with select clients. Additional banks, including corporates, will follow soon." Visa's existing partners, as well as future ones, can utilize the company's application programming interface (API) to create their own platforms, according to a press release. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #blockchain #BitcoinAcademy #bitcoinasia

Bitcoin Breaks Through $8,000 Following Massive Head Fake. Bitcoin just surmounted the $8,000 level, topping out at $8,020 on Bitfinex before retreating to $7,900 at press time. By now, reading about Bitcoin’s breach of its previous high might be getting repetitious, so strong has the currency’s bull run been. This time is an exception, though, because Bitcoin just pulled the mother of all head fakes.

Looking back
About a week ago, the SegWit2x hard fork was cancelled and the price immediately spiked from $7,200 to $7,800. But within the hour, the price had dropped and continued to fall further. Just a few days later, Bitcoin had sunk to a local low of $5,500, while rival Bitcoin Cash shot up from $600 to $2,600. At the time, a large number of Bitcoin miners had moved to Bitcoin Cash and the number of unconfirmed transactions soared to over 135,000. Fees increased commensurately.

Things didn’t look good. Bitcoin had just officially eschewed the only near-term solution to the scalability crisis. SegWit, which was adopted back in August, will take time to gain traction as wallet providers must include the feature and users must voluntarily begin using it. Lightning Network, Bitcoin’s long-term scaling plan, is still in testing and not ready for primetime yet. With the cancellation of 2MB blocks, it became obvious that there would be no quick fix to the currency’s scaling problem.

Waves of good news
However, Bitcoin Cash began rapidly dropping from its nearly vertical price ascent, miners came back to Bitcoin, and the transaction backlog subsided. Bitcoin’s price began to rise, and as good news arrived, the price moves became even larger.

What good news? Well, the British hedge fund Man Group, with over $100 bln in funds under management, announced they will begin trading Bitcoin once CME’s futures market is launched. Immediately following this, Payments app Square announced its full integration of Bitcoin into the payments platform.
#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoine

Bitcoin NEWS (@bitcoin.info)


Bitcoin Breaks Through $8,000 Following Massive Head Fake. Bitcoin just surmounted the $8,000 level, topping out at $8,020 on Bitfinex before retreating to $7,900 at press time. By now, reading about Bitcoin’s breach of its previous high might be getting repetitious, so strong has the currency’s bull run been. This time is an exception, though, because Bitcoin just pulled the mother of all head fakes. Looking back About a week ago, the SegWit2x hard fork was cancelled and the price immediately spiked from $7,200 to $7,800. But within the hour, the price had dropped and continued to fall further. Just a few days later, Bitcoin had sunk to a local low of $5,500, while rival Bitcoin Cash shot up from $600 to $2,600. At the time, a large number of Bitcoin miners had moved to Bitcoin Cash and the number of unconfirmed transactions soared to over 135,000. Fees increased commensurately. Things didn’t look good. Bitcoin had just officially eschewed the only near-term solution to the scalability crisis. SegWit, which was adopted back in August, will take time to gain traction as wallet providers must include the feature and users must voluntarily begin using it. Lightning Network, Bitcoin’s long-term scaling plan, is still in testing and not ready for primetime yet. With the cancellation of 2MB blocks, it became obvious that there would be no quick fix to the currency’s scaling problem. Waves of good news However, Bitcoin Cash began rapidly dropping from its nearly vertical price ascent, miners came back to Bitcoin, and the transaction backlog subsided. Bitcoin’s price began to rise, and as good news arrived, the price moves became even larger. What good news? Well, the British hedge fund Man Group, with over $100 bln in funds under management, announced they will begin trading Bitcoin once CME’s futures market is launched. Immediately following this, Payments app Square announced its full integration of Bitcoin into the payments platform. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoine

The Lightning Network Now Supports Transactions Across Blockchains

Although still in testing phase, the lightning network can now be used to send transactions across different blockchains. The Lightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the #coins changed hands, while no #transaction was recorded on either #blockchain. “Previous atomic swaps that I have done were on-chain, and had the on-chain limitations of slow [transactions] and high transaction fees,” Litecoin creator Charlie Lee told Bitcoin #Magazine, referring to an older trick to exchange different types of coins trustlessly. “Off-chain atomic swaps are significantly better. They are instant, [have] low fees, and better protect one’s privacy.” The successful #test paves the way for trustless #cryptocurrency #exchanges, near-seamless multi-coin payment processors and more.

Bitcoin and Litecoin
The lightning network is the highly anticipated second-layer payment network to be deployed on top of #Bitcoin. And as an open protocol, it’s relatively easy to deploy lightning network support for other cryptocurrencies that are forked from Bitcoin’s codebase — like Litecoin.
Interestingly, if the lightning #network runs on different #blockchains, these chains can effectively be linked together. If one or several peers on the network are willing to take one type of coin and forward another, it’s possible to send bitcoins on one end of a #channel that will end up as the equivalent in #litecoin on the other end.

In a Medium post published in the first week of 2017, Lee explained that this potential to create these kinds of “bridges” between cryptocurrencies made him throw his weight behind the Segregated Witness (SegWit) #softforks on both Litecoin and Bitcoin.
When SegWit activated on Litecoin last spring, Lee’s vision came one step closer to reality. Because the soft fork had not yet activated on Bitcoin at that time, Lightning Labs decided to add Litecoin support to their LND lightning network implementation. Thus, by the time #SegWit activated on Bitcoin last summer, LND was already compatible with both chains.

Bitcoin NEWS (@bitcoin.info)


The Lightning Network Now Supports Transactions Across Blockchains Although still in testing phase, the lightning network can now be used to send transactions across different blockchains. The Lightning Labs development team successfully swapped testnet bitcoin for testnet litecoin through a lightning channel this week: ownership of the #coins changed hands, while no #transaction was recorded on either #blockchain. “Previous atomic swaps that I have done were on-chain, and had the on-chain limitations of slow [transactions] and high transaction fees,” Litecoin creator Charlie Lee told Bitcoin #Magazine, referring to an older trick to exchange different types of coins trustlessly. “Off-chain atomic swaps are significantly better. They are instant, [have] low fees, and better protect one’s privacy.” The successful #test paves the way for trustless #cryptocurrency #exchanges, near-seamless multi-coin payment processors and more. Bitcoin and Litecoin The lightning network is the highly anticipated second-layer payment network to be deployed on top of #Bitcoin. And as an open protocol, it’s relatively easy to deploy lightning network support for other cryptocurrencies that are forked from Bitcoin’s codebase — like Litecoin. Interestingly, if the lightning #network runs on different #blockchains, these chains can effectively be linked together. If one or several peers on the network are willing to take one type of coin and forward another, it’s possible to send bitcoins on one end of a #channel that will end up as the equivalent in #litecoin on the other end. In a Medium post published in the first week of 2017, Lee explained that this potential to create these kinds of “bridges” between cryptocurrencies made him throw his weight behind the Segregated Witness (SegWit) #softforks on both Litecoin and Bitcoin. When SegWit activated on Litecoin last spring, Lee’s vision came one step closer to reality. Because the soft fork had not yet activated on Bitcoin at that time, Lightning Labs decided to add Litecoin support to their LND lightning network implementation. Thus, by the time #SegWit activated on Bitcoin last summer, LND was already compatible with both chains.

Bitcoin Price Analysis: BTC Pushes All-time Highs and Tests Historic Resistance

Throughout the life of bitcoin’s two-year bull run, it has been confined within two macro trends: one parabolic and one linear — both on a logarithmic scale.

The parabolic envelope (black curves) has confined the entire bull run throughout the last two years. Over the weekend, we saw a test of the lower curve that proved to be proper support and propelled the market into a bounce that now has the market testing the upper linear trendline (purple lines) at the time of this article.

As the bitcoin market approaches the upper trendline, the price action will coincide with a test of the previous all-time high. Expect this to be a point of resistance with possible market turbulence. However, if we manage to break that resistance level and hold support above the trendline, there is no clear resistance until we test the parabolic envelope in the upper $8,000s.

If we look at the macro indicators for this move, we see some signs that have proven to be indications of short-term rallies leading to corrections.

The last two corrections bitcoin has seen came on the tail of a minor pullback that rebounded to a new all-time high. The one-day candle trend is, so far, showing a repeated pattern that has led into a reversal each time it tested the upper parabolic curve. A rounding of the Bollinger bands during an upward move (shown in purple) is a forecast for decreased upward volatility that will lead to either a consolidation period or a reversal to the lower Bollinger bands.

While a reversal is not required of this move upward, one can speculate that once the price tags the upper parabolic curve, we could see a pullback to the lower Bollinger bands on the one-day charts. A pullback to the lower Bollinger bands would see support quite nicely with the lower parabolic curve.

One of two outcomes can be expected from this move upward: either we will test the upper parabolic trendline and reverse, or we will break above and consolidate before continuing on a very strong bullish move to new highs.
#bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology

Bitcoin NEWS (@bitcoin.info)


Bitcoin Price Analysis: BTC Pushes All-time Highs and Tests Historic Resistance Throughout the life of bitcoin’s two-year bull run, it has been confined within two macro trends: one parabolic and one linear — both on a logarithmic scale. The parabolic envelope (black curves) has confined the entire bull run throughout the last two years. Over the weekend, we saw a test of the lower curve that proved to be proper support and propelled the market into a bounce that now has the market testing the upper linear trendline (purple lines) at the time of this article. As the bitcoin market approaches the upper trendline, the price action will coincide with a test of the previous all-time high. Expect this to be a point of resistance with possible market turbulence. However, if we manage to break that resistance level and hold support above the trendline, there is no clear resistance until we test the parabolic envelope in the upper $8,000s. If we look at the macro indicators for this move, we see some signs that have proven to be indications of short-term rallies leading to corrections. The last two corrections bitcoin has seen came on the tail of a minor pullback that rebounded to a new all-time high. The one-day candle trend is, so far, showing a repeated pattern that has led into a reversal each time it tested the upper parabolic curve. A rounding of the Bollinger bands during an upward move (shown in purple) is a forecast for decreased upward volatility that will lead to either a consolidation period or a reversal to the lower Bollinger bands. While a reversal is not required of this move upward, one can speculate that once the price tags the upper parabolic curve, we could see a pullback to the lower Bollinger bands on the one-day charts. A pullback to the lower Bollinger bands would see support quite nicely with the lower parabolic curve. One of two outcomes can be expected from this move upward: either we will test the upper parabolic trendline and reverse, or we will break above and consolidate before continuing on a very strong bullish move to new highs. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology

#Confidential #Transactions Could Add #Anonymity to #Bitcoin and #Litecoin. #Privacy #coins have rocketed this year, fueled by the increasing ease with which bitcoin transactions can be de-anonymized and traced to real world identities. #Zcash, which was a $10 coin in January, peaked at $376 in June, while #monero started the year at $12 before reaching $136 in August. Now, testing of Confidential Transactions (CT) suggests that litecoin and bitcoin could follow suit by adding a privacy layer. Reclaiming the Right to Privacy. Bitcoin and litecoin are the OGs of crypto, the latter essentially a clone of BTC. This means that features which work on the litecoin network will often work on bitcoin and vice-versa. Segwit and the Lightning Network, for example, both made their debut on litecoin. This week, it was announced that progress had been made with testing Confidential Transactions in an update posted by Coinjoin developer Greg Maxwell.

In previous testing, CTs had been 16x the size of normal transactions. Researchers Benedikt Bünz and Jonathan Bootle have now found a way to compress CTs so that the resulting output is only 3x the normal size. The basic premise with Coinjoin is that two users can make a transaction simultaneously, thus masking the inputs and outputs of both parties.

Regarding the new breakthrough with CTs, Maxwell explains:

This cuts the bloat factor down to ~3x for today’s traffic patterns. Since the scaling of this approach is logarithmic with the number of outputs, use of CoinJoin can make the bloat factor arbitrarily small.
This is a major step forward, one which moves bitcoin and litecoin closer to adding this monero-like privacy feature. Litecoin developer Charlie Lee was particularly pleased, tweeting. He then went on to list the benefits of CTs including no new cryptographic assumptions, high performance, or trusted setup required. “All major alternative schemes fail multiple of these criteria (e.g., arguably Zcash’s scheme fails every one of them)” he finished.

A Step Closer to Anonymous Spending?
It would be premature to suggest that Confidential Transactions will have Monero’s Riccardo Spagni, aka FluffyPony, quaking in his boots.

Bitcoin NEWS (@bitcoin.info)


#Confidential #Transactions Could Add #Anonymity to #Bitcoin and #Litecoin. #Privacy #coins have rocketed this year, fueled by the increasing ease with which bitcoin transactions can be de-anonymized and traced to real world identities. #Zcash, which was a $10 coin in January, peaked at $376 in June, while #monero started the year at $12 before reaching $136 in August. Now, testing of Confidential Transactions (CT) suggests that litecoin and bitcoin could follow suit by adding a privacy layer. Reclaiming the Right to Privacy. Bitcoin and litecoin are the OGs of crypto, the latter essentially a clone of BTC. This means that features which work on the litecoin network will often work on bitcoin and vice-versa. Segwit and the Lightning Network, for example, both made their debut on litecoin. This week, it was announced that progress had been made with testing Confidential Transactions in an update posted by Coinjoin developer Greg Maxwell. In previous testing, CTs had been 16x the size of normal transactions. Researchers Benedikt Bünz and Jonathan Bootle have now found a way to compress CTs so that the resulting output is only 3x the normal size. The basic premise with Coinjoin is that two users can make a transaction simultaneously, thus masking the inputs and outputs of both parties. Regarding the new breakthrough with CTs, Maxwell explains: This cuts the bloat factor down to ~3x for today’s traffic patterns. Since the scaling of this approach is logarithmic with the number of outputs, use of CoinJoin can make the bloat factor arbitrarily small. This is a major step forward, one which moves bitcoin and litecoin closer to adding this monero-like privacy feature. Litecoin developer Charlie Lee was particularly pleased, tweeting. He then went on to list the benefits of CTs including no new cryptographic assumptions, high performance, or trusted setup required. “All major alternative schemes fail multiple of these criteria (e.g., arguably Zcash’s scheme fails every one of them)” he finished. A Step Closer to Anonymous Spending? It would be premature to suggest that Confidential Transactions will have Monero’s Riccardo Spagni, aka FluffyPony, quaking in his boots.

Bitcoin Is Back Above $7K, Bitcoin Cash Slumps. While the weekend was very chaotic for Bitcoin, things have begun to turn around. Bitcoin has recovered much of its loss, now stabilizing well above the $7,000 mark (running $7,200 at press time). At the same time, after the remarkable gains for Bitcoin Cash the coin has begun losing steam and is slumping below $1,200, or 11 percent down since yesterday.

While many had predicted a complete swap away from Bitcoin Core and a market takeover for Bitcoin Cash, it appears that the entire weekend was ‘full of sound and fury but signifying nothing’. Buying the dip
The drop in BTC resulted in a substantial buying opportunity. Investors who bought at the lows - around $5,700 - would have realized nearly immediate 20 percent returns in just 72 hours. This only further entrenches the view that the best way to invest in Bitcoin is to ‘buy the dip’ and then HODL (‘Hold On for Dear Life’). The apparent swap in position was set off by the SegWit2X cancellation. This along with many other negative news stories this year led to a massive short term loss. However, Bitcoin continues to remain buoyant. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #bitcoinasia

Bitcoin NEWS (@bitcoin.info)


Bitcoin Is Back Above $7K, Bitcoin Cash Slumps. While the weekend was very chaotic for Bitcoin, things have begun to turn around. Bitcoin has recovered much of its loss, now stabilizing well above the $7,000 mark (running $7,200 at press time). At the same time, after the remarkable gains for Bitcoin Cash the coin has begun losing steam and is slumping below $1,200, or 11 percent down since yesterday. While many had predicted a complete swap away from Bitcoin Core and a market takeover for Bitcoin Cash, it appears that the entire weekend was ‘full of sound and fury but signifying nothing’. Buying the dip The drop in BTC resulted in a substantial buying opportunity. Investors who bought at the lows - around $5,700 - would have realized nearly immediate 20 percent returns in just 72 hours. This only further entrenches the view that the best way to invest in Bitcoin is to ‘buy the dip’ and then HODL (‘Hold On for Dear Life’). The apparent swap in position was set off by the SegWit2X cancellation. This along with many other negative news stories this year led to a massive short term loss. However, Bitcoin continues to remain buoyant. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #EducandosobreelBitcoin #bitcoinEngland #BitcoinAcademy #bitcoinasia

Are 2017’s Network Attacks ”Real” or Are Bitcoiners Growing Paranoid?  Over the past year or so there’s been a lot of discussion concerning ‘attacks’ on the Bitcoin network. Across forums and social media, the subjective valuations from bitcoin proponents of what an ‘attack’ on the network really is has become an extremely contentious topic. The Amplification of ‘Bitcoin Attacks’. In the early days, bitcoin enthusiasts occasionally talked about network #attacks, typically discussing things like the 51 percent attack, quantum computer strikes, or an extreme denial of service onslaught from some central bank or government entity. However, these days the word ‘attack’ is used a bit more loosely than ever, as the scaling debate has made people believe almost everything is a Bitcoin network invasion.

For instance, when other development teams decided to create alternative clients, some individuals within the open source bitcoin community said that alternative implementations were offensive. Another example is when one side of the scaling debate told the other side to “go ahead and fork,” and they did, but were then considered ‘attackers.’ Further, the ASIC Boost controversy this year was also deemed an attack by some, while others believed it was merely mining hardware optimization.

This week was no different with the rising price of bitcoin cash and the legacy chain’s #network congestion. One Reddit post exemplifies how lots of bitcoiners currently believe the network is under constant attack. The Redditor /u/logical states:

Spam transactions galore; fud on every crypto Reddit; hash power temporarily drained off to bitcoin cash. Honestly weve seen every one of these before. Nothing is different.
What is the Biggest Threat #Bitcoin Will Face? Another discussion concerning the topic of attacks came from the bitcoin luminary Andreas Antonopoulos over Twitter. After a large swathe of individuals were shouting that this weekend’s bitcoin cash price rise was an attack,’ Antonopoulos explained that he thinks #BTC and #BCH will “coexist.” However one bitcoiner told Antonopoulos that he should speak up about the “biggest threat bitcoin faces” and go after the “bad actors.

Bitcoin NEWS (@bitcoin.info)


Are 2017’s Network Attacks ”Real” or Are Bitcoiners Growing Paranoid? Over the past year or so there’s been a lot of discussion concerning ‘attacks’ on the Bitcoin network. Across forums and social media, the subjective valuations from bitcoin proponents of what an ‘attack’ on the network really is has become an extremely contentious topic. The Amplification of ‘Bitcoin Attacks’. In the early days, bitcoin enthusiasts occasionally talked about network #attacks, typically discussing things like the 51 percent attack, quantum computer strikes, or an extreme denial of service onslaught from some central bank or government entity. However, these days the word ‘attack’ is used a bit more loosely than ever, as the scaling debate has made people believe almost everything is a Bitcoin network invasion. For instance, when other development teams decided to create alternative clients, some individuals within the open source bitcoin community said that alternative implementations were offensive. Another example is when one side of the scaling debate told the other side to “go ahead and fork,” and they did, but were then considered ‘attackers.’ Further, the ASIC Boost controversy this year was also deemed an attack by some, while others believed it was merely mining hardware optimization. This week was no different with the rising price of bitcoin cash and the legacy chain’s #network congestion. One Reddit post exemplifies how lots of bitcoiners currently believe the network is under constant attack. The Redditor /u/logical states: Spam transactions galore; fud on every crypto Reddit; hash power temporarily drained off to bitcoin cash. Honestly weve seen every one of these before. Nothing is different. What is the Biggest Threat #Bitcoin Will Face? Another discussion concerning the topic of attacks came from the bitcoin luminary Andreas Antonopoulos over Twitter. After a large swathe of individuals were shouting that this weekend’s bitcoin cash price rise was an attack,’ Antonopoulos explained that he thinks #BTC and #BCH will “coexist.” However one bitcoiner told Antonopoulos that he should speak up about the “biggest threat bitcoin faces” and go after the “bad actors.

Mastercard Seeks Patent for Instant Blockchain Payments Process

New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times.

In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments, guaranteeing that merchants don't need to wait days before receiving funds for their products.

Further, the filings indicate that the tech would help the firm keep an ongoing record of these transactions, verifying that a vendor was actually paid after a particular sale.

The data being stored would include the transaction amount, a guarantee of payment, confirmation of the payment and account profiles for the parties involved. These account profiles will also store each users's balance information, according to the application.

As the application details: “There is a need for a technical solution where a payment transaction can be guaranteed in a manner that is readily verifiable by an acquiring financial institution and/or merchant, and where the guarantee can be used in conjunction with multiple types of payment instruments as well as multiple transaction types, including e-commerce transactions.” Mastercard has repeatedly considered blockchain platforms to ease payments. Last month, the company announced it was opening up access to the blockchain tools it was developing in order to facilitate business-to-business transactions.

An earlier patent application released in September likewise focused on storing payment histories using a blockchain.

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Bitcoin NEWS (@bitcoin.info)


Mastercard Seeks Patent for Instant Blockchain Payments Process New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times. In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments, guaranteeing that merchants don't need to wait days before receiving funds for their products. Further, the filings indicate that the tech would help the firm keep an ongoing record of these transactions, verifying that a vendor was actually paid after a particular sale. The data being stored would include the transaction amount, a guarantee of payment, confirmation of the payment and account profiles for the parties involved. These account profiles will also store each users's balance information, according to the application. As the application details: “There is a need for a technical solution where a payment transaction can be guaranteed in a manner that is readily verifiable by an acquiring financial institution and/or merchant, and where the guarantee can be used in conjunction with multiple types of payment instruments as well as multiple transaction types, including e-commerce transactions.” Mastercard has repeatedly considered blockchain platforms to ease payments. Last month, the company announced it was opening up access to the blockchain tools it was developing in order to facilitate business-to-business transactions. An earlier patent application released in September likewise focused on storing payment histories using a blockchain. Instagram: https://www.instagram.com/bitcoin.info/ #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #bitcoinexchange #BitcoinMillionaires #bitcoincharts #freebitcoin #bitcoiner #mrBitcoinZ #bitcoinsallday #bitcoinph #bitcoinguru #bitcoinagile #surbitcoin #bitcoinvalue #bitcointrading #bitcoinmanagement #freebitcoins #bitcoinart #bitcoinprogress #google #bitcoinEngland #BitcoinAcademy #bitcoinasia

Craig Wright Pushes For 1GB Blocks to Attain Visa-Level Bitcoin Scaling. Craig Wright, the man who famously claimed to be Satoshi Nakamoto, is back in the news again. This time he’s weighed into the bitcoin scaling debate, which is becoming increasingly politicized. In a post entitled “Scaling Bitcoin and what some will do to stop this”, he refutes sceptics who believe that bitcoin can’t scale to handle 20,000 transactions a second. Wright or Wrong?
Nchain is the name of Wright’s company, who bill themselves as “a global leader in research and development of blockchain technologies”. A week ago, Wright published a white paper examining the feasibility of the blockchain being used as a global payment system. In it, he explored speed and scalability, issues which have become pet obsessions of Wright’s.

In a follow-up post published today, Wright hit back at critics who’d found flaws in his research, which he attributed to the fact that “many academics seem to hate Bitcoin”. He wrote: What we are finding is that there is a lot of pessimism and open condemnation of the idea that Bitcoin can scale.  The Bigger Giga Blocker. Forget 1MB, 2MB, or 8MB block sizes – if Wright has his way, block sizes in the future will be measured in gigabytes. His team have reportedly scaled and tested 340GB blocks. If such a system were ever to implemented on a live network, however, one of the conditions would be the removal of small nodes. Wright claims: “Bitcoin is and was never a home user system, it was designed to end on specialised nodes in datacentres.” Satoshi Nakamoto did leave writings clearly detailing his vision of a future with specialized hardware; ”At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.” – Satoshi Nakamoto, on the The Cryptography Mailing List, 2008.

Anyone who claims to know what bitcoin was “meant to be” – especially a figure as polarizing as Craig Wright – is treading dangerously. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #btc #1

Bitcoin NEWS (@bitcoin.info)


Craig Wright Pushes For 1GB Blocks to Attain Visa-Level Bitcoin Scaling. Craig Wright, the man who famously claimed to be Satoshi Nakamoto, is back in the news again. This time he’s weighed into the bitcoin scaling debate, which is becoming increasingly politicized. In a post entitled “Scaling Bitcoin and what some will do to stop this”, he refutes sceptics who believe that bitcoin can’t scale to handle 20,000 transactions a second. Wright or Wrong? Nchain is the name of Wright’s company, who bill themselves as “a global leader in research and development of blockchain technologies”. A week ago, Wright published a white paper examining the feasibility of the blockchain being used as a global payment system. In it, he explored speed and scalability, issues which have become pet obsessions of Wright’s. In a follow-up post published today, Wright hit back at critics who’d found flaws in his research, which he attributed to the fact that “many academics seem to hate Bitcoin”. He wrote: What we are finding is that there is a lot of pessimism and open condemnation of the idea that Bitcoin can scale. The Bigger Giga Blocker. Forget 1MB, 2MB, or 8MB block sizes – if Wright has his way, block sizes in the future will be measured in gigabytes. His team have reportedly scaled and tested 340GB blocks. If such a system were ever to implemented on a live network, however, one of the conditions would be the removal of small nodes. Wright claims: “Bitcoin is and was never a home user system, it was designed to end on specialised nodes in datacentres.” Satoshi Nakamoto did leave writings clearly detailing his vision of a future with specialized hardware; ”At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.” – Satoshi Nakamoto, on the The Cryptography Mailing List, 2008. Anyone who claims to know what bitcoin was “meant to be” – especially a figure as polarizing as Craig Wright – is treading dangerously. #bitcoin #bitcoins #bitcoinnews #bitcoinmining #BitcoinBillionaire #bitcoinprice #bitcointechnology #bitcoinacceptedhere #bitcoincasino #btc #1