Wednesday, November 30

Tag: bitcoin

Here’s Why Your Bitcoin Transaction is Stuck
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Here’s Why Your Bitcoin Transaction is Stuck

Bitcoin has transactional limits to what it can achieve, so when there is a high demand for the cryptocurrency, the network clogs up, causing mempool spikes.  The mempool is where unconfirmed transactions await their inclusion in the blockchain.  During normal operations, Bitcoin is capable of keeping up with the demands. Bitcoin transactions naturally gather in the mempool before miners record them on the blockchain.  Two forces affect Bitcoin’s capabilities to avoid going into a mempool spike.  Demand for Bitcoin transactions Changes in network mining power Demand for Bitcoin Transactions Bitcoin’s popularity is the most influential factor in the equation. When Bitcoin is not trending, the blockchain usually avoids overflowing the mempool and regularly zeroes out th...
Bitpanda Releases Debit Card for a Variey of Assets
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Bitpanda Releases Debit Card for a Variey of Assets

Austrian-based digital asset management company Bitpanda has released it’s very own debit card, allowing users to spend their fiat currency, cryptocurrency and precious metals. Once the funds are registered online, users can fund payments using any of the investments they have with Bitpanda with a real-life physical Visa card. A unique offering and something that has caught the eye of many traders, who look for ways to exchange cryptocurrency using debit cards on the various exchange platforms available to digital currency users. What makes the product stand out is the ease at which customers can switch between the various assets they hold in order to complete trades and transactions. What does the Bitpanda card offer customers? The digital asset company is now taking p...
Bitcoin Offshoots: Bitcoin Cash, Bitcoin Gold and Bitcoin Private
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Bitcoin Offshoots: Bitcoin Cash, Bitcoin Gold and Bitcoin Private

As the original cryptocurrency, Bitcoin was the inspiration for hundreds of others, including little brother Litecoin and Ethereum. But some of these blockchains—including Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond—are direct forks of Bitcoin and share most of their DNA with the leading cryptocurrency. In total, there are over 40 bitcoin offshoots resulting from people deciding to fork the Bitcoin blockchain to create their own cryptocurrency. Here are three of the most popular: Bitcoin Cash Fork date: 1st August 2017 Bitcoin Cash—also known as Bcash—is the most famous fork of Bitcoin. This cryptocurrency born in August 2017 was the result of ideological differences between those who thought of bitcoin as more of a store of value, like digital gold, and those who m...
Bitcoin miners are facing a “The Purge”-like event
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Bitcoin miners are facing a “The Purge”-like event

With the Bitcoin halving behind us, we are now starting to see the first effects of the reduced mining rewards on Bitcoin miners. According to Glassnode, a blockchain data and intelligence provider miners have stopped selling their generated Bitcoin. In fact, miner outflow is at it’s lowest level ever. Disclaimer: This article is not financial advice. The views represented by the author are his own and crypto-news.net is not responsible for any losses (or gains) as a result of the information shared in this article. Chart showing the sale of Bitcoin from miners compared to historical average. Source: Glassnode This is pretty good news for the rest of the Bitcoin community. Weak hands in both trading and mining are setup to get eliminated. Miners that are struggling to k...
The Only Correlation Between Bitcoin and the Stock Market is Panic Selling
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The Only Correlation Between Bitcoin and the Stock Market is Panic Selling

Bitcoin recently experienced a significant drop in value when over the course of this last week. Its value dropped from a stable $9,000 to $5,000 in a matter of days. At the same time, on the stock market, many companies and indexes also lost value. Most notably, the S&P 500 index, whose loses flipped a stock market circuit breaker, pausing all trading of the asset for 15 minutes. Following the events, many people started producing stories about how BTC is connected to the stock market’s price movements and it’s not this noncorrelated asset that should behave like gold. Well, Bitcoin is neither following the stock market, nor it is gold. What it is, is simple. It’s Bitcoin. The level of utility that Bitcoin has is as limited as money, but the way one owns Bitcoin is...
Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report
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Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report

Canaan Creative, the manufacturers of the Avalon Bitcoin miner series have published their first earnings report since the company’s public stocks sale in the USA, on Thursday, April 9th, as initially reported by Coindesk. During it’s IPO in November 2019, the company raised $90M USD selling 10,000,000 stocks for $9 each. Now investors have lost 61% of their investment at the current price per stock. Nangeng Zhang, the CEO and founder of Canaan explained that sales of Bitcoin miners considerably dropped since December and he believes the reason is the volatility in BTC’s price. However, at the time BTC’s price movements were small and brief, painting a generally flat and upward curve going into the next year. The company’s revenue in 2019 is down two-fold compared to 20...
Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on
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Lead-up to BTC halving excites investors, brief mempool overload, exchanges barely holding on

BTC saw an unusual spike in activity yesterday, April 29th. In the past, 24 hours Bitcoin has risen up by 18.66%, the mempool was briefly overloaded, and some exchanges were barely keeping up with the activity.  Let’s start with the price. But before that, I just want to let you know that this is not financial advice, I’m not even a professional trader. I’m just a guy that’s invested 3+ years of his life writing about crypto and blockchain tech. If you ask Billy, yes, suddenly after all of the “blows to Bitcoin” the time for Bitcoin is nigh. Forbes is saying yes it’s going to $10k, Coinbase’s Daniel Cawrey says it’s FOMO time. I mean, it’s crazy, but this is what the news should look like if you ask Forbes. We also say that it looks like BTC is going to break $10,000. ...
Kraken makes exchange better for U.K. traders and BCH community
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Kraken makes exchange better for U.K. traders and BCH community

Photo by Philip Veater Kraken added support for 11 new trade pairs on their cryptocurrency exchange on the 30th of April, according to a press release published by the exchange. This new update increases the total crypto trading pairs to about 155, bringing Kraken closer to becoming a centerpiece in the crypto economy. What are the new trading pairs? The newly added pairs are based on GBP, BCH, and USDT, allowing traders to instantly exchange currencies in a single that previously required two trades, such as trading BCH for ETH. In addition to the increased flexibility, even more cryptocurrencies can now be traded directly for British pound sterling. Ether Pairs Pound Sterling Pairs Tether Pairs BCH/USDT LTC/USDT XRP/USDT USDT/JPY USDT/CHF Photo by KrakenIn March, Krak...
Top 3 Bitcoin mining news stories today
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Top 3 Bitcoin mining news stories today

Image by 3D Animation Production Company from Pixabay We don’t often break news, as compared to the rest of the news community we are a small website. However, we do our best to provide you with the latest news, regardless of where the information comes from. We believe in giving credit where it’s due, so without further delay, here are the top 3 news stories about Bitcoin mining in the past week. It seems that Bitcoin miners were celebrating the international workers’ day with extra effort on part of the miners. In this lucky coincidence, Bitcoin miners managed to complete sixteen Bitcoin blocks in one hour, according to Coindesk and their source Blockstream. The onset of this industrious hour was noticed by Twitter user @Kexkey, where he spotted four blocks being com...
Samsung Launches New Secure Element Chip to Enhance Data Protection for Crypto Transactions
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Samsung Launches New Secure Element Chip to Enhance Data Protection for Crypto Transactions

  South Korean tech giant Samsung has announced a new revolutionary turnkey security solution to secure cryptocurrency transactions on its smartphones and tablets.   Cryptocurrency transactions are one of the primary purposes of Samsung’s new Secure Element chip, which is expected to be available in Q3 2020.    The solution involves a Secure Element (SE) chip S3FV9RR, which is Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified. The new SE chip along with enhanced software is designed to offer higher protection for tasks including booting, isolated storage, mobile payment, and other applications.    Dongho Shin, the senior vice president of System LSI marketing at Samsung Electronics said, “In this era of mobility and contact-less interactions, we expect our connected devic...