Author: Kai Sedgwick

A New Bitcoin World

Coinbase Is Adding Segwit Support

Coinbase Is Adding Segwit SupportAfter months of prevarication, Coinbase has announced that it will add Segwit support to its bitcoin wallets. The much anticipated and long overdue move will go some way towards reducing transaction fees for users of Coinbase and GDAX, assuming it follows suit. Coinbase has come in for repeated criticism over the inefficient way it handles […]

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February 6, 2018 0

The Solution to the World’s Toughest Bitcoin Puzzle Is as Clever as Its Creator

The Solution to the World’s Most Toughest Bitcoin Puzzle Is as Clever as Its CreatorLast week, an enigmatic and fiendishly tricky puzzle that had baffled bitcoiners for years was finally solved. In the process, it earned the individual who cracked it a 5 BTC jackpot and brought new acclaim to the team behind the project. After being launched in 2015, at the height of the bitcoin bear market, the […]

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February 6, 2018 0

The Cryptocurrency Markets Are Having an Interesting Week

The Cryptocurrency Markets Are Having an Interesting WeekThe crypto markets have been having an interesting week to put it mildly. Seas of red and deep cuts have had the vultures circling, the weak hands folding, and the naysayers expending their lifetime’s allocation of “I told you so’s”. While the last two weeks have been painful for anyone who bought bitcoin in December […]

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February 2, 2018 0

Facebook Bans Cryptocurrency Ads

Facebook Bans Cryptocurrency AdvertsFollowing persistent complaints about spammy and fraudulent cryptocurrency ads, Facebook has issued an outright ban. As of a new ruling issued on January 30, “ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency”. The move is sure […]

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January 30, 2018 0

Most Cryptocurrencies Are More Centralized Than You Think

Most Cryptocurrencies Are More Centralized Than You ThinkThe whole point of cryptocurrencies is that they’re decentralized. Peer-to-peer cash; trustless exchange; bypassing intermediaries. So why are numerous cryptocurrencies structured more like central banks? From adjusting wallet balances to controlling nodes, many crypto projects behave just like the financial institutions they were meant to replace. Throw in the cult of a strong leader, and […]

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January 26, 2018 0

Coinbase Is Making $2.7 Million a Day

Coinbase is Making $2.7 Million a DayRunning a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute. Also read: South Korean Card Companies Block […]

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January 23, 2018 0

The Rise and Fall of Ripple is a Case Study in Mass Hysteria

The Rise and Fall of Ripple is a Case Study in Mass HysteriaThrough late 2017 and early 2018, ripple was the darling of cryptocurrency. Mainstream media couldn’t get enough of it, South Koreans couldn’t get enough of it, and nor could crypto newcomers, who had XRP top of their shopping list. Crypto moves at a blistering pace, though, and ripple’s decline has been as rapid as its […]

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January 21, 2018 0

Overwhelmed Cryptocurrency Exchanges Are Hiring Staff by the Hundreds

Cryptocurrency Exchanges Are Hiring Staff by the HundredsCryptocurrency exchanges have been overrun for months, as record demand has caused throttling or restriction of service altogether. With exchanges buckling under the strain, a number of platforms have been forced to temporarily shut their books. On Thursday, Bitstamp announced plans to recruit 100 new call center staff as it struggles to feed the crypto […]

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January 19, 2018 0

Visa CEO: Bitcoin is Not a Payment System

Visa CEO: Bitcoin is Not a Payment SystemVisa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In […]

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January 18, 2018 0

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations for 10k+ DepositsExchanges are regarded by many in the cryptocurrency world as a necessary evil. They provide liquidity and an on-ramp from fiat currency, but many other aspects of their service leaves a lot to desired. From onerous KYC requests to sudden withdrawal of service, nary a week goes by without major exchanges leaving customers seething. This […]

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January 12, 2018 0