Thanks for joining us for this edition of our bitcoin news roundup, where we’ve got headlines on the bitcoin price’s record number of all-time highs, the SEC’s decision to reconsider the Winklevoss ETF, and lightning network developments from peer-to-peer content platform Yours. Read on to find out more!
Thanks for joining us for this edition of our bitcoin news roundup, where we’ve got updates on SegWit support, and the wire transfer deadlock experienced by multiple exchanges. We also cover headlines out of Russia and India that suggest both governments may be shifting their stance on digital currencies for the better. Read on to find out more!
Thanks for joining us for this edition of our bitcoin news roundup, where we’ll be sharing the latest on Bitfinex’s recovery post-hack, and bitcoin’s status as a legal form of payment in Japan. Continue reading for all the details!
Thanks for joining us for this weekly bitcoin news recap, a series where we cover top headlines and stories in the world of bitcoin and fintech. This week we saw the launch of the new Brave Payments service, which looks to bring bitcoin micropayments right to your browser. The conversation on scaling the network continues, and this week it includes an update from our team on Thunder. There was also the OnChain Scaling Encore Edition, which featured prominent figures in the bitcoin community discussing bitcoin scaling possibilities. We also touched base on the bitcoin price, and what it is and isn’t doing. Read all this news and more, in our weekly Blockchain recap.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week, an article co-written by Arthur Levitt Jr., former chairman of the Securities and Exchange Commission, and Blockchain CEO Peter Smith, challenges bitcoin critics and highlights why the bitcoin blockchain is disrupting payments. We also learned about the first bitcoin software release that will include Segregated Witness code, in an effort to eventually be able to scale transaction capacity. In market-related news, headlines demonstrate the bitcoin price has recovered since earlier this month, and in Japan, trading volume has seen tremendous growth over the past year. Get all this news and more, in our weekly recap.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week we saw news from The New York Times about how the World Economic Forum predicts that blockchain technology will eventually play a significant role in the global financial system. There are also a few bitcoin-related events coming up, like Bitcoin.com’s conference in London, plus we reported on the bitcoin price and how it’s rebounding despite the recent Bitfinex hack. Read about all this and more, in our weekly recap.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week Overstock CEO Patrick Byrne said there would be a ‘historic’ announcement which will impact the bitcoin space, and controversial entrepreneur Kim Dotcom teased his upcoming Megaupload version which will utilize bitcoin. In an unfortunate turn of events, major exchange Bitfinex was hacked and suffered significant losses. We also read how blockchain tech continues to influence financial institutions, and startups are receiving capital and expanding along with the growth and adoption of bitcoin worldwide. Read about this and more, in our weekly Blockchain recap.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week we take a look at the maturation of bitcoin, how it’s grown, and how it can be used as an asset class for investors. We also read that Visa is working with a bitcoin startup to facilitate micropayments. And on the bitcoin development front, we learned how developers are making the bitcoin network more efficient. Get all this news and more, in our weekly recap.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. We take another look at the price of bitcoin this week which has been very stable since the halving when the block reward reduced by 50%. There were some interesting updates with bitcoin development which we shared, and we also learned that event the Bank of England is testing the waters when it comes to digital currency. Get all this news and more, in our weekly Blockchain recap.
Bitcoin price goes sideways
Macroeconomic uncertainty has spurred investment interest in bitcoin in recent weeks, but is this likely to continue? According to CoinDesk, prices have pushed up 50% from the 1st of January, and two key drivers were, at least according to market observers, uncertainty in China (where the yuan has been devalued) and Europe (where the UK voted to leave the EU in an event known as the ‘Brexit’).
Looking ahead to the second half of the year, it remains unclear, however, if these events will continue to be factors impacting digital currency price movements. Some are speculating if the recent events in Turkey will also spark interest in bitcoin. In an article from Bitcoinist, they said “Japan and South America have become much more involved in digital currency,” stating that regional interest across the globe may push the price higher over time.
The price of bitcoin is always an interesting hot topic, which may be a reason why 8,300 people are using the IFTTT developer platform to track the price using their alert-triggering system.
Bitcoin Development and Innovation
Rootstock is a bitcoin sidechain currently in development by RSK Labs. It is a platform for distributed smart contracts, much like Ethereum, but the fact that it’s a bitcoin sidechain means that it will use the bitcoin currency by default. During a recent interview with Epicenter Bitcoin, RSK Labs Chief Scientist Sergio Lerner explained how the two-way peg, which allows users to transfer bitcoins between blockchains, will work with bitcoin and Rootstock.
Blockstream, who is also working on developing sidechains for bitcoin, announced this week a defensive patent strategy. Blockstream’s commitments are meant to ensure that the company only uses its patents defensively, and therefore, to assure users and developers of bitcoin technology that they can use Blockstream’s inventions without fear of patent litigation, wrote the EFF.
In other development news this week, bitcoin payment processing company BitPay introduced a new BitPay Modal Invoice, which they aim to make paying with bitcoin even better. We also learned on Thursday from CoinDesk that bitcoin’s “nervous system” is getting an upgrade with the FIBRE Network.
The Bank Of England (BoE) has stated a “central bank digital currency” (CBDC) could raise the UK’s GDP “by almost 3%.” In a lengthy new report published this week, the Bank studies the feasibility of introducing a CBDC, as well as the likely positive implications it would be have for the economy.
In India, one of the Reserve Bank of India’s deputy governors has encouraged local banks to work with a research outfit previously established by the central bank on blockchain projects, saying banks should work to develop applications for digital currencies and distributed ledgers.
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Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. Germany-based company Seafile made headlines this week after they dropped payment processor Paypal in favor of bitcoin. Price news also takes a front seat, as industry traders vigilantly monitor the market post-halving. We also learned this week that the University of Cantabria in Spain is opening a two-day event to teach about bitcoin and blockchain technology. Get all this news and more in our weekly Blockchain recap.