Bitcoin News Summary – January 20, 2020

 Block.One, the company behind the EOS ICO, will no longer be launching its new crypto-integrated social network, Voice, on the EOS blockchain. Instead, a custom EOSIO platform will be deployed. Block.One has yet to explain its about-face, although some speculate that the EOS chain is strained and unable to support a popular new app.…

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Bitcoin News Summary – January 13, 2020

   Bitcoin reacted to the US airstrike in Iran by rising dramatically. Gold, the traditional safe-haven asset, also rose similarly over the same period as the threat of war loomed, raising the interesting prospect of whether Bitcoin is acting as a hedge against geopolitical risk. Two major Japanese corporations, GMO and SBI are to…

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Bitcoin News Summary – January 6, 2020

   The 3rd of January marks the 11th anniversary of the “genesis block,” the first-ever Bitcoin block mined by Satoshi Nakomoto in 2009. Bitcoin shows no signs of slowing down as it ages, with hashrate surging to new highs at the start of 2020. Over 2019, Bitcoin transferred a total of $673 billion in…

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Bitcoin News Summary – December 30, 2019

   Google-owned video giant YouTube had erroneously removed several cryptocurrency-related videos. YouTube representatives have claimed that the removals were done in error and some content has started to be restored. Nonetheless, the unilateral nature by which YouTube videos were removed has led many content creators to explore migration to decentralized video hosting alternatives. At…

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Bitcoin News Summary – December 23, 2019

   Blockchain analytics firm, Chainalysis, reported some downbeat price predictions based on its tracking of funds acquired by the massive PlusToken ponzi. PlusToken raked in over $2 billion from mostly Chinese citizens before the scam was busted and several leaders arrested. Those that remain at large have just under half their ill-gotten gains yet…

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Bitcoin News Summary – December 16, 2019

   The United States Department of Justice arrested key figures in the BitClub Network ponzi scam. The scam is said to have pulled in over $722 million and remains active in several countries, such as Japan and South Africa. In 2016 our 99 Bitcoins website warned readers of the risks of the BitClub Network.…

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Bitcoin News Summary – December 9, 2019

   Ethereum successfully upgraded to its latest version, dubbed “Istanbul” over the weekend. The update contains numerous improvements that address Ethereum’s security against DDoS and spam attacks, gas usage costs, and smart contract flexibility. Istanbul also makes Ethereum interoperable with Zcash. While the fork was highly anticipated, the effect on the price of ETH…

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Bitcoin News Summary – December 2, 2019

   Worth nearly $50 million in Ethereum, 342,000 ether was hacked from South Korea’s Upbit exchange. The hack occurred during maintenance and is one of the largest Ethereum thefts ever. The exchange has suspended operations for at least a couple of weeks but plans to repay users for the loss. It remains unknown how…

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Bitcoin News Summary – November 25, 2019

   Bitcoin is down more than 15% from the weekly opening price and has dragged the entire crypto market downward along with it. People’s Bank of China warned it will take action against entities that may be involved in trading cryptocurrencies. The move was in response to a rise in trading activity following China’s…

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Bitcoin News Summary – November 18, 2019

   Payments app, Fold now allows users to book AirBNB accommodations using Bitcoin and Lightning payments. Users will also receive 3% back in Bitcoin for their bookings, as well as for purchases from Fold’s other partners, including some big-name retailers like Amazon, Starbucks and Uber. BitGo, the crypto wallet and custodian, said that 20%…

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