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Bitcoin Exchange LocalBitcoins Posts Fourfold Trading Volume Increase in Venezuela

Decentralized Bitcoin exchange LocalBitcoins has announced a fourfold increase in its Bitcoin trading volume since June in Venezuela. This substantial increase reflects the phenomenal rise in demand for the digital currency in the country and in other emerging markets.According to the company, its trading volume of Bitcoin in the last three months has increased to 40 bln Venezuelan bolivars from a

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Connecting the Luxury Fine Art Industry with the Modern Digital Economy

Latest figures from the Tetaf art market report, released by the European Fine Art Foundation, show that in 2016 global art market sales amounted to an estimated $45 billion, up 1.7 percent from 2015. The U.S. remains the largest country in the world art market, with 29.5 percent of the market share, followed by the U.K. and China with 24 percent and 18 percent, respectively.Yet, while the in

Unbreachable Privacy through Pristine Transparency — a Paradox

“You got supply and you have the demand. You have the problem and you have the solution. You have the currency of the future.” — Ronald Dacey, “StartUp”Financial market participants and laymen alike — hold onto your hats. //– is awkward, but very poeticTransformative ideas that change the status quo or improve upon existing methods or systems are everywhere. Several digital sparks ha

Bitcoin Price Watch; Riding Out The Volatility

The bitcoin price has had a pretty tough day today and, for those that caught our analysis this morning, the decline has not been unexpected. When we get a strong run up towards fresh highs it’s not unusual for the shorter-term operators to pull profits out of the markets and close out positions. This leads to a dip in price which, in turn, leads to more selling action as the more risk-averse ho

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BitGo Engineer Jameson Lopp in SWAT Team Fiasco

Jameson Lopp, the outspoken Bitcoin commentator and BitGo engineer, has fallen victim to what appears to be an incident of “swatting“. He suspects he may have been targeted for his views on the New York Agreement signed this summer which, if  enacted upon, will result in a second hard fork of the Bitcoin blockchain. Swatting, for those unaware, is a more extreme version of a classic teena

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Chaincode Labs to Host a Second Run of Its Month-Long Bitcoin Coding Class

Chaincode Labs, the New York–based development company and major contributor to Bitcoin Core, is organizing a second edition of itsBitcoin residency program in the first months of 2018. The program intends to help developers overcome the steep learning curve associated with becoming a protocol-level contributor to projects like Bitcoin Core. In doing so, Chaincode Labs hopes to help expand

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Goldman Sachs Still Advises People to buy Gold Over Bitcoin

The financial sector has no love lost for Bitcoin and cryptocurrency. Especially major financial players are trying to keep people away from BTC right now. Goldman Sachs is one of those entities still on the fence about cryptocurrencies. For now, the bank still advises investors to buy gold over Bitcoin. An interesting stance, considering Bitcoin is worth four times as much.The recent Bitcoin pric

Bitfinex to Terminate Services for U.S. Retail Customers by November 9

Markets and Prices Bitfinex has announced its plan to terminate all services for U.S. individual customers by November 9th 2017. Their announcement comprised a follow-up to a statement issued in August, which indicated the company was suspending all new requests for account verification from U.S. individuals.Also Read: The Controversy Surroundin

Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police

News Debate is a central part of the cryptocurrency community at large. Open forums such as Bitcoin.com have fostered mostly healthy fork debate about Bitcoin’s future. It appears at least one participant wished to stifle debate, and in a horrible way. Also read: Preparing for the Bitcoin Hard Forks: A Step-by-Step WalkthroughFork De

HydroMiner Profitability – a Comparative Analysis

HydroMiner launched with a view to open up the business of cryptocurrency mining in an industry that is notorious for its prohibitively high barriers of entry. It isn’t the only company trying to democratize access. Other start-ups and existing enterprises are attempting to do the same, using various models of bitcoin cloud-mining and crowdfunding to achieve economic scale, sharing profits with

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