The euphoria that followed the bitcoin price's climb to a new 2019 high above $11,000 couldn't last forever, and it wasn't long before some low-volume drama broke out over the weekend on Crypto Twitter. Seemingly apropos of nothing, Dan Held (@danhedl), a pal of Anthony Pampliano and legend of Bitcoin Twitter, reminded everyone that Ethereum mastermind Vitalik Buterin had once tried to raise...
By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast that the block reshuffling proposed by Binance CEO Changpeng Zhao would raise “geopolitical issues” had it been attempted. Accept That Bitcoin Is Final Back explained why the idea of a chain reorganization as a means to punish hackers or rescue lost bitcoins is a terrible idea. “You just have to accept that Bitcoin is final...
Timothy C. May, widely recognised as the progenitor of modern cryptocurrency and blockchain technology, has passed away at his home in Corralitos, California, at the age of 67. The renowned cryptography expert and former Intel engineer was a founding member of the Cypherpunk Mailing List and the author of the Crypto Anarchist Manifesto. He is credited with the invention of cryptographic...
Adam Back, who is at the helm of blockchain startup Blockstream, believes there are better days ahead for bitcoin investors, suggesting a flippening between BTC and gold could be in the cards. Back says it is "plausible" for the BTC price to reach somewhere between $250,000 and half-a-million dollars in the coming years. He offered the outlook even as the bitcoin price has yet to find a bottom...
It was ten years ago today that Satoshi Nakamoto first submitted the Bitcoin whitepaper to the Metzdowd cryptography mailing list and started a revolution in finance. A couple months before that, the domain Bitcoin.org had been registered. One of the first to interact with the world’s premier decentralized cryptocurrency – all new concepts at the time – was and still is a suspected Satoshi, Hal...
The Bitcoin blocksize debacle, a leading contributor to the bubble building in the alternative cryptocurrency market, continues full speed ahead, gunning toward August, when a showdown is scheduled to occur regarding the User-Activated Soft Fork, BIP 148, which will invalidate blocks mined by non-segregated-witness and ultimately cause a mighty chain split and a period of confusion. The belief is...
Almost 100,000 bitcoin transactions are currently stuck, waiting to move, with around $30,000 in fees queued for miners to pick up. The mempool backlog is above 56MB. The network is running above capacity, usually operating at more than 4 txs/s. Users are once more complaining. Price appears resilient and even going higher due to many other factors, primarily the much-anticipated ETF decision. As...
Adam Back, the President of Blockstream – a company which employs or contracts numerous developers of Bitcoin Core, Litecoin and the Lightning Network, including Pieter Wuille, Gregory Maxwell, Christian Decker, Gregory Sanders, Glenn Willen, Warren Togami, Luke Dashjr, Mark Friedenbach, Jonas Nick, Rusty Russell, Patrick Strateman and Jorge Timón – has called for all to “collaborate on a unified...