Last week the bitcoin community and investors breathed a sigh of relief as BIP 91 locked in and activated, signalling what we thought was a great step forward in finally resolving the long standing Bitcoin scaling debate. Confidence soared and the price recovered from a previous tumble. And then came a twist. In the last 72 hours, Bitcoin increasingly looks as though it is heading for a user...
On Monday 26th June, CNBC reported that in an interview with Barclays UK Chief Executive Ashok Vaswani, Barclays had discussed with the FCA the possibility of bringing cryptocurrencies, like Bitcoin, ‘into play’ through the introduction of regulation. As one can imagine, such news can have a largely positive impact on Bitcoin. Two years ago, a news article of this magnitude would send the bitcoin...
Ryan Taylor, head of finance at Dash, claims the bitcoin blockchain’s practice of paying the entire blockchain reward to miners is faulty, in a piece on EconoTimes. He claims Dash, which allocates less than half its rewards to the miners, offers a more promising future. Taylor said it makes no sense to devote all of the network’s resources to a single task out of many that are needed to sustain...
Brock Pierce, the chairman of the Bitcoin Foundation, explained that bitcoin can become more mainstream in two ways – as a remittance tool for the developing world and from startups making bitcoin faster and more economical – during a Sky News interview at The European House – Ambrosetti, a professional consulting organization. The European House—Ambrosetti hosts summits, workshops and forums to...
The second annual Satoshi Roundtable, a group of blockchain technology developers, investors and early adopters, discussed important issues such as block chain capacity and the scalability of bitcoin this past weekend, but according to posted comments, they did not reach any conclusions during the invitation-only event. The roundtable was limited to 75 members. Bruce Fenton, executive...
Facing declining finances, criminal investigations of ex-board members and the ramifications of some poor management decisions, the Bitcoin Foundation has made some changes to its board and is considering a shift in mission to sustain its existence, according to Bloomberg. During the advocacy group’s Dec. 15, 2015 board meeting, Executive Director Bruce Fenton said additional funding is needed to...
The Bitcoin Foundation has appointed 3 new members to the board with the creation of three new member seats. The new members are runners up from the previous industry election and the Bitcoin Foundation -- with the new appointments – have also published a draft for a new mission statement. The press office of the Bitcoin Foundation has confirmed the appointment of Vinny Lingham, the co...
In light of the significant increase in bitcoin value over the last weeks, one of the biggest bitcoin advocacy groups, The Bitcoin Foundation, has just lost two members of its board. In a release of the meeting, 15 December, one member, Jim Harper, resigned and the other, Olivier Jansens, was voted off the board. According to a release from Bobby Lee, Vice Chairman of Bitcoin Foundation, this...