News

The hashrate of the Bitcoin network, which demonstrates the amount of computing power used to secure the protocol to process transactions, achieved a new all-time high at 83 exahashes. At the start of the year, the hashrate of the Bitcoin network was hovering at 35 exahashes, showing a 137 percent increase within an eight-month span. […]

Roger Ver’s newly announced cryptocurrency exchange wasn’t well-received by the crypto community. Bound to go live on Bitcoin.com next week, the exchange was heavily criticized, with some accusing Ver of scamming people and using the platform to wash trade Bitcoin Cash. Crypto exchange set to launch on Bitcoin.com receives community backlash There are only a […]

The Chicago Mercantile Exchange’s Bitcoin futures are setting new trading volume records. Averaging 7,237 contracts per day, the growth represents a 132 percent increase from the same period last year—clearly indicating growing institutional attention for BTC. Exciting times for Bitcoin futures Since mid-December 2018, Bitcoin entered a bull rally that took its price up more than […]

If the CEO of two multi-billion-dollar companies can get hacked, you can too. Jack Dorsey, CEO of Twitter and Square, had his account “compromised,” acting as a reminder to people at high risk of hacking, such as Bitcoin holders, should be especially security conscious. Jack gets hacked Within the last hour Jack Dorsey’s Twitter account […]

Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on partnering with governments in Asia. Binance looking to take on Facebook with a regulatory-compliant stablecoin With the eyes of the entire […]

Hyperledger is officially integrating an open-source Ethereum client into its technology offering. After vigorous debate, the Hyperledger technical steering committee decided—by unanimous vote—to induct PegaSys’ open-source Ethereum client “Pantheon.” In the coming weeks Pantheon will be renamed Hyperledger “Besu,” after the Japanese term for base or foundation. “Blockchains are, after all, a base of data […]

PNC becomes the first bank to start using the RippleNet blockchain payment network in the United States. Instant cross-border payments PNC is ranked 8th on the list of largest banks in the U.S., according to Business Insider. The banking giant is based in Pittsburgh, Pennsylvania, and operates in 19 states and the District of Columbia […]

A capacity crisis is roiling Ethereum as it hits a historic low against Bitcoin. Although declining prices appear to be part of a broader corrective trend, some analysts argue hiccups in the protocol’s development are the root cause. Meanwhile, Vitalik Buterin claims salvation via ETH 2.0. “The Ethereum blockchain is almost full” Ethereum’s network utilization recently […]

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether. Ethereum’s compliance with Sharia law has been contemplated for some time. Virgil Griffith, an American programmer and head of special products at the Ethereum […]

After losing the Kleiman case, Craig Wright could face another major lawsuit. British podcaster Peter McCormack said he was considering a class-action lawsuit against Wright, Calvin Ayre, and Jimmy Nguyen for falsely claiming that Wright is Satoshi and that Bitcoin SV is “Satoshi’s vision.” No end in sight for Craig Wright’s legal woes After Craig […]