Author: Jamie Redman

A New Bitcoin World

Segwit2x Working Group Announces Hard Fork Roadmap

Segregated Witness has locked-in and the Segwit2x working group has announced its roadmap for the next three months. The team of developers have detailed they are going forward with the 2MB block size increase that miners and businesses agreed upon at the New York Agreement. Also read: Gold Bug Peter Schiff Says ‘Cryptocurrency Market Signals […]

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August 10, 2017 0

Segwit2x and the Tale of Three Bitcoins

As the entire community has been laser-focused on the recent hard fork and Bitcoin network split, many people have forgotten about the Segwit2x plan. Miners who participated in the ‘New York Agreement’ (NYA) have kept their promise and Segregated Witness will lock-in on the network in roughly two weeks. Also read: Gwyneth Paltrow Joins Bitcoin Wallet […]

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August 5, 2017 0

Fork Watch: Block 478558 Initiates ‘Bitcoin Cash’ Split – First Blocks Now Mined

The start of the Bitcoin ABC (Bitcoin Cash) chain split has begun as the divide was initiated on August 1 at 12:37 p.m. UTC at block height 478558. UPDATE (18:45 GMT): Two blocks have been mined on the new Bitcoin Cash blockchain. Also read: Indian Bitcoin Hotspot Bangalore Sees 50+ Merchants Added This Month Bitcoin Cash […]

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August 1, 2017 0

What Every Bitcoiner Should Know About ‘Bitcoin Cash’

In a few days the notorious August 1st is approaching, and it’s likely this day will be remembered for a long time. This week Bitcoin.com discussed the possible scenario of a user activated hard fork called “Bitcoin Cash” as much of the community doesn’t realize this fork will likely still happen despite Segwit2x’s current progress. […]

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July 25, 2017 0

Following Money Through the Bitcoin Laundry Is Not So Easy

Just recently there was a small ransomware outburst called “Peyta” that attacked various computers around the world. The creators of Peyta didn’t make as much money as the Wannacry extortionists had made a few weeks earlier, as Petya only raked in around $8,000 worth of BTC. However, the money the hackers accumulated has moved and following […]

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July 18, 2017 0

Mining Bitcoin Using Old Computers and Retro Gaming Consoles

Bitcoin mining has grown into a vast economy over the past few years as large ASIC-powered mining farms process transactions for the $32 billion dollar market. In the early days, people could mine bitcoins using their central processing units (CPU) and they still can, but the undertaking is extremely inefficient. However, a few people still

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July 16, 2017 0

Alphabay Offline for a Week — Darknet Users Rush to Find Alternatives

darknetThis past week Bitcoin.com reported on the Alphabay darknet marketplace going offline while many speculated an exit scam. It’s been close to a week now with no signs of the underground market coming back online, which could lead to a severe loss of bitcoin for those holding money there. Also read: Protestors Will Watch Mt Gox

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July 11, 2017 0

Creating a Bitcoin Bank in Less Than Thirty Minutes With a $2 USB Drive

USB DriveThere are multiple ways people can store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey. However, bitcoin users can also create a bitcoin wallet on a far cheaper USB thumb drive as well to store coins offline. Also Read: How Much Does it Cost to

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July 10, 2017 0

The Blockchain Split Scenario: Staying Informed and Backing Up Bitcoin Keys

splitIn less than four weeks the Bitcoin network has many events on the horizon, and numerous things could happen during the weeks following. Also read: A Look at the Bitcoin Apps Being Built Using the Lightning Network The Fear of a Chain Split Right now over the course of the next 3-4 months, there are many plans

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July 8, 2017 0

Class Action Lawsuit Filed Against Cryptocurrency Exchange Kraken

KrakenThis week a class-action lawsuit has been filed against the San Francisco-based trading platform Kraken. A group of customers have revealed that their holdings of 3,414 ETH was liquidated during an Ethereum market flash crash. According to the plaintiffs the cryptocurrency exchange suffered from a denial-of-service (DDoS) attack at the time having many Kraken users unable to

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July 7, 2017 0