Apart from confirming transactions on the Bitcoin blockchain network, Bitcoin miners help in generating new Bitcoins. A miner is usually rewarded with new Bitcoins every 10 minutes. The number of Bitcoins that the miner is rewarded with, which is referred to as the Bitcoin reward per block, normally reduces by half every 210,000 blocks. Average...
Since late September 2016, Europol has been working towards combating the use of cryptocurrencies for money laundering. It has partnered with a number of bodies like INTERPOL and the Basel Institute on Governance so as to ensure that criminals do not hide behind cryptocurrencies. There are mixed feeling and concerns regarding how the body has ta...
The looming complete ban on cryptocurrencies in India is starting to shake up the Bitcoin community. India is one of the most populated countries in the world and a large population which is viewed as a great investment opportunity by blockchain startups. Every cryptocurrency community targets to have as many adopters/members as possible so as t...
Laos still maintains that the use of cryptocurrencies in the country is illegal. In May, the central bank of the country reiterated the stand with a warning to the public against any dealing with cryptocurrencies. According to the bank, cryptocurrencies in Laos are illegal. It has banned all financial institutions in the country from conducting...
Israeli court has entered the ring of proving what Bitcoin really is and what it isn’t. On 21st May 2019, a judge in a court in Israel ruled that Bitcoin is not a currency but rather an asset. The case featured the founder of DAV, Noam Copel, who had made a fortune of $2.9 million in selling Bitcoins he had bought in 2011. The ruling puts all Bi...
The much-awaited technological advancement is now a reality! There has been a growing need for social media users to be able to carry out online transactions using digital currencies without having to exit their social media account and login into an exchange or blockchain network. And again, Bitcoin was included in the list of the first crypto...
There is a growing concern that the current market price rise could stall above $8,000 and take a while before picking again. Analysts also fear that we could see some small retracement as the prices prepare to climb further up. Currently, Bitcoin seems to have set a very wide gap between it and its close adversary, Ethereum. There are actually ...
On May 17, 2019, at about 10:30 UTC, Bitcoin (BTC) saw one of the greatest declines in prices ever in history. BTC nosedived by about $1,702. This is the largest drop since January 2018. The price of BTC dropped from $7,880 to $6,178 causing some crypto exchanges like BitMEX to liquidate orders. BitMEX is reported to have liquidated about $250 m...
It all started with Bitcoin mid-April and investors could already tell that the yearlong downtrend across the cryptocurrency market had come to an end. Somehow, Bitcoin always takes the lead. But why is that so? From 2017 till February 2019, investors watched in horror as the cryptocurrency market crumbled down. There were even rumors that the p...
The National Development and Reform Commission (DNRC) of China this week hinted that China could ban Bitcoin mining. The commission proposed that Bitcoin mining should be completely removed from China's financial sector arguing that it falls under the wasteful industries category. This development comes right after the DNRC produced a list of in...