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Altcoin Exchange Performs First Atomic Swap Between Bitcoin and Ethereum

Technology On October 7, 2017, the decentralized cryptocurrency trading platform Altcoin Exchange announced the team performed the first atomic swap between the Ethereum and Bitcoin blockchains. The exchange says this is the startup’s first step towards creating a trustless exchange process.Also Read:Bitcoin Illegal in Nepal? Police Arrest Seven In


Coinbase SegWit2x Silence Sparks Charlie Lee Forecast, User Petition

Coinbase former engineering director Charlie Lee has forecast how it will handle the SegWit2x hard fork as users sign a petition.In Reddit posts Monday, Lee, who left Coinbase to focus on his Litecoin development commitments, explained how he “thought” the hard fork would occur in response to being asked “multiple times” for his opinion.“Because this 2x hardfork

Chinese Exchange to Launch Platform Based Outside of the Country

News Chinese cryptocurrency exchange ViaBTC has announced its plans to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th.Also Read:Chinese Bitcoin Exchange Executives Allegedly Must Remai

Litecoin’s Charlie Lee Makes Cryptic Claims About Crypto-Bans on Twitter

Charlie Lee, the creator of cryptocurrency Litecoin, has taken to Twitter to voice his doubts over the current Chinese crypto-ban rumours.In a series of Tweets from today, the mastermind behind Litecoin claimed to “have a trusted source that says that there’s no truth to China banning mining or network” and that “the FUD is propagated by large manipulators trying to make money shorting. Th


Atomic Swaps Between Litecoin and Vertcoin are in the Works

It is evident that cross-chain atomic swaps are of great interest to altcoin developers. Especially where Litecoin is concerned, such technology may be introduced sooner rather than later. After completing an on-chain atomic swap between LTC and DCR, a new project is in the works. The same principle will be used to swap between Litecoin and Vertcoin. This is a major development in the world of cry

September’s Bitcoin Market Madness: When Panic Selling and FOMO Ensues

Markets and Prices On September 15, after a couple of Chinese cryptocurrency exchanges announced they were closing, bitcoin’s price dropped to a low of $2,970. Following this dip, BTC trade volumes began to surge as the price per bitcoin rose over $600 in less than an hour and during the course of the afternoon bounced back to a high of


Japan Becomes Largest Bitcoin Market as Traders Leave China

Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.Earlier this week, the Chinese government, local authorities and financial regulators

China’s Regulatory Crackdown Forces More Bitcoin Exchange Closures

Regulation The regulatory crackdown in China against cryptocurrency trading platforms is happening once again. It all started yesterday as the exchange BTCC announced it was closing on September 30. Now the exchange Viabtc is also shutting down operations in mainland China on the same day, and more exchanges are expected to follow. Also rea


Bitcoin’s Price Declines Anew, Hits Three-Week Low

The price of Bitcoin price has declined below the $4,000-level, extending its losses in overnight trading to reach a three-week low of $3,275. This represents a 35% drop from its high of $5,000.Put differently Bitcoin is now trading virtually flat month-on-month for the first time since mid-2017.Possible reasons for the declineThere are several possible reasons behind the recent drop in the price

Chinese Bitcoin Exchanges May Face Stricter Regulation and Licensure

Regulation Over the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regu