Nicehash, the extremely popular and easy to use mining platform, suffered a major security incident on Wednesday. The entire contents of its Bitcoin wallet (rumoured to be totalling $62 million) was emptied by hackers and transferred to what is thought to be this address. Nicehash have released a statement saying: Unfortunately, there has been a security
Today, a guest post from the folks over at Bitcoin Play: The Unprecedented Rise of Bitcoin: From Industry Joke to Industry Heavyweight When it comes to the financial sector, Bitcoin, which started as the joke to most of the sector’s elite, is now becoming a heavyweight with clout rivalling, if not surpassing, a lot of
No, it’s not April 1st. The latest planned fork of Bitcoin has been cancelled due to a lack of support. The proposed fork would’ve introduced 2 new features to their version of the cryptocurrency. To increase the block size from 1 to 2 MB, which would occur three months after SegWit has been activated. This
Jamie Dimon – CEO of banking/financial company JPMorgan – has criticised Bitcoin, suggesting that “The currency isn’t going to work” and that it will “Blow Up”. The billionaire also said that if he found JPMorgan traders were trading the currency, “I would fire them in a second”. “It is against our rules and they are
After the fork, many people expected large swings and instability in the value of Bitcoin, but we didn’t see that. Instead since August 5th, we’ve seen a steep rise in the value of the currency to over $3500 although has slightly decreased as a result of SegWit. Yesterday (Tues 8th August), the second method to
Many were concerned that the current bitcoin price would tumble, and though it did lose a few hundred dollars of its value, it did recover.
The big question is.. will this new form of Bitcoin be worth anything?
With the deadline for the future of Bitcoin looming, companies are starting to contact their customers regarding the security of their money. We’ve rounded up some of the major ones and what their plans are for August 1st: Coinbase – A popular online wallet – will be temporarily suspending deposits, withdrawals, buying and selling of bitcoin
July 31st at 8pm EST could be the end of bitcoin, at least in its current form… That is the so called ‘deadline’ that the supporters of the increased blockchain file size have set. They believe that the situation of long confirmation times for transactions needs to be resolved quickly, by doubling the amount of