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Bitcoin Is a New Haven From Hyperinflation for Rich Latin Americans

Economics Latin America has known far more than its fair share of economic troubles over the years. Whether it’s populist revolutions, military coups or some other calamity, the rich in the region always had to think of how to protect their wealth from possible confiscation, hyperinflation or whatever may come. Unlike in the past when they turned t

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Bitcoin Mempool Woes Worsen as Over 220,000 Unconfirmed Transactions Remain Queued

Not everything is going smoothly in the world of Bitcoin right now. There have been issues with unconfirmed transactions for several days now. Whereas the mempool had 130,000 “stuck” transactions yesterday, things got a lot worse overnight. At the time of writing, over 220,000 transfers are waiting to be processed. All of this further confirms Bitcoin has deviated from being a currency quite s

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Western Union Prevents Users From Completing Cryptocurrency-related Transactions

Various financial providers prevent users from buying or selling cryptocurrencies. We have seen banks halt transfers or close accounts because of this. It now appears Western Union attempts to do the same. By actively preventing users from sending wire transfers to exchanges, an interesting precedent is created. Whether or not this course of action is warranted, remains to be seen. Unlike what mos

Is “Zero-Waste” Bitcoin Mining Achievable?

Mining Mining is an essential but energy-intensive means of securing the bitcoin network. It is thanks to this process that millions of strangers can transact with complete trust, safe in the knowledge that the information stored on the blockchain is true. Despite this, the energy costs of bitcoin mining have come under scrutiny, prompting calls for

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Why Slowing ICO Avalanche Benefits Blockchain's Image

The onset of Blockchain into the world’s financial markets has brought with it many new ideas, introduced rapidly to wide-eyed market participants over the last few years. Despite how far we’ve come, however, all the progress we can currently boast about was predated by a simple product called Bitcoin.Revolutionary at the time (and still today), Bitcoin showed people that a safe financial ecos

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Bitcoin Mempool Clogs up With Unconfirmed Transactions Again

Bitcoin network issues have been apparent for quite some time now. Especially when it comes to the mempool, things get out of hand quite regularly. It seems the backlog is filling up once again. With over 70,000 unconfirmed transactions hitting the network, things aren’t looking all that great. This is mainly due to the number of transactions per second, surpassing the 34 mark. Whether or not th

DASH/USD and LTC/USD Technical Analysis November 29 2017

Hello and welcome to News BTC’s Market Outlook November.[embedded content]DASH/USDDASH continues to go sideways, offering the $600 level as significant support. By doing so, it looks as if it’s only a matter of time before the buyers take advantage of the base that we have been building, and go higher. A break above the $650 level signifies that we are ready to continue the longer-term up

Trustless Payment Startup Confido Makes Off with $375k of ICO Funds

News Confido, an ICO startup whose name means “I trust”, has done a bunk with 1,235 ETH. The company was supposed to have been creating a trustless payment system using smart contracts. Instead, it was the project’s founders who have proven themselves trustless after deleting all their accounts and going dark. The $375,000 exit scam highlights

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YouTube Adpocalypse Gets Blockchain Solution

There is something curious going on with YouTube; it’s a strange phenomenon that Forbes called ‘Adpocalypse.’ The rampant demonetization of videos by Google on YouTube has heavily hit the earnings of popular content creators. Amos Yee, Singapore’s enfant terrible who is famous for dissing the city-state’s founder Lee Kuan Yew on YouTube, recently stirred up more controversy in his former

Bitcoin as an Unstoppable Force: Hyperbitcoinization Theory and Practice

Op-Ed One of the earliest references to hyperbitcoinization (H-theory) derives from the Satoshi Nakamoto Institute. It describes a world waiting for bitcoin in the borderless, peer-to-peer sense. Especially true for emerging economies prone to inflation, hyperbitcoinization is an adoption theory with radical implications. Until recently, it was only

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