If you’re a Coinbase user, you may have seen some new tokens on your account. The Bitcoin Cash chain split into two different chains back in November. It means that if you held Bitcoin Cash on November 15, you became the lucky owner of Bitcoin SV and Bitcoin ABC. And Coinbase just started handing out […]View More Coinbase users can now withdraw Bitcoin SV following BCH fork
Nothing says the future of finance like a good old-fashioned meltdown, and the upcoming bitcoin cash hard fork has that in spades. This is thanks, in no small part, to a man named Craig Wright.
Wright, derisively known as “Faketoshi” for his dubious claim that he is in fact Bitcoin creator Satoshi Nakamoto, has gone on a strange rant in support of his version of Bitcoin Cash’s (BCH) future known as Bitcoin SV (Satoshi’s Vision).
Deep into a rambling, multi-day tweet bender, Wright has taken it upon himself to spew invective at anyone he believes threatens his plans for Bitcoin SV — especially those defending the Roger Ver-backed rival project Bitcoin ABC. Read more…View More Bitcoin Cash is set to hard fork, and people are losing their cool
Bitmain’s IPO is the big news in the crypto world this week. The company just filed its IPO prospectus and the numbers are impressive, particularly the year-on-year growth between the first six months of 2018 and a year prior, which saw a near-10x jump in revenue and 7x growth in profit. Nevertheless, that aggregated six-month number may be […]View More Bitmain IPO concerns: the crypto giant recorded a big loss in Q2 2018
After months of speculation, Bitmain — the world’s largest provider of crypto miners — has opened the inner details of its business after it submitted its IPO prospectus with the Stock Exchange of Hong Kong. And some of the growth numbers are insane. The document doesn’t specify how much five-year-old Bitmain is aiming to raise from […]View More Crypto mining giant Bitmain reveals heady growth as it files for IPO
I guess we shouldn’t be all that surprised. But still, they did say it would be practically impossible.
The Japan-based cryptocurrency exchange Zaif suffered a major hack last week. It issued a statement on Thursday stating that approximately $59 million worth of bitcoin, bitcoin cash, and MONAcoin had been stolen by unidentified criminals. This, obviously, is not good. What makes it perhaps worse is the company’s past insistence that it applied the “maximum effort” possible to keep its customers’ funds safe — and that hacking it would be “practically impossible.”
Like many exchanges, Zaif has a page on its website where it details the precautions taken to secure customer funds. With tens (or potentially hundreds) of millions of dollars worth of cryptocurrency at stake, it makes sense to let everyone know that you’re taking this security stuff seriously. Read more…View More Cryptocurrency exchange claimed it was ‘practically impossible’ to hack. It was hacked.
The cruise ship wasn’t big enough for the both of them.
On September 10, somewhere in the Mediterranean, two well-known rivals in the cryptocurrency space stood awkwardly poolside. A crowd, sporting a mix of cryptocurrency-themed t-shirts and b…
In May 2017, I’ve called some experts and asked them “Why are Bitcoin and Ethereum growing so fast?” This was after an intense period of growth for both popular cryptocurrencies, especially Ethereum, which was up 1,400% in three months. The market cap of all cryptocurrencies put together at the time seemed unreal: 80 billion dollars. Then — and throughout 2017 — the experts I spoke to invariably advised caution, saying the prices might have risen too high, too fast.
But the prices kept rising.
Throughout 2017, crypto prices continued to rise. At one point the crypto market cap was over $800 billion, and one Bitcoin was worth nearly twenty thousand dollars. Read more…View More Cryptocoins are worth less than $200 billion for the first time since 2017
Proponents of Bitcoin and its competing cryptocurrency Bitcoin Cash, which was created as a “fork” of Bitcoin’s code and history, aren’t exactly in love with each other. Social media channels are full of squabbles over which coin is better and which one is more deserving of the “Bitcoin” name.
But one Bitcoin Core developer — meaning, a person who develops code for Bitcoin — rose above the petty quarrels and did a big favor for Bitcoin Cash.
In April, Cory Fields discovered what he describes as a “critical vulnerability” in Bitcoin Cash, and alerted Bitcoin Cash developers which implemented a fix before a malicious actor could exploit it. Read more…View More Bitcoin developer finds bug in competing coin, does the right thing
Those not looking at the Bitcoin markets lately will either gasp or smile. Bitcoin, down from its all time high of around $19,000, is now floating at $6,785 as of this writing. To many this means that either the Bitcoin experiment is over or, to many more, that it has just begun. There are plenty […]View More Bitcoin price falls but doesn’t flatline
Of course it was Bitcoin Cash.
The man accused of stealing a military armored vehicle in Virginia on Tuesday and joyriding it 60 miles before being arrested is passionate about more than just living his life a quarter-mile at a time. A quick glance at his Twitter account also shows him to be a Bitcoin Cash evangelist.
You may have caught video of the chase on social media. It was quite a thing to behold. Read more…View More Bitcoin Cash evangelist accused of joyriding stolen armored vehicle in Virginia
It may have taken over the world in 2017, but it seems the cryptocurrency has finally reached its final form of dominance in our culture: a rap song.
The song “Bitcoin Ca$h,” by rapper Lil Windex, features such poetic lines as “Bitch, I got…
Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work.
Bitcoin’s price is in the gutter — well, if you compare with that $19,940 peak about a month ago. At its current price of $10,437, it’s still up roughly 1,100 percent in the past 12 months.
The recent drop could be a result of a recurring trend that’s in fashion again: Wall Street experts and analysts having a contest in predicting how low Bitcoin could go.
Peter Boockvar, chief investment officer at Bleakley Advisory Group, predicted Bitcoin could drop to as low as $1,000 per coin this year, CNBC reported Sunday. According to Boockvar, bitcoin is a “classic bubble,” one that might burst as soon as central banks worldwide start increasing interest rates. Read more…View More Ominous Wall Street predictions hammer bitcoin as price decline continues