Bitcoin core developer Greg Maxwell recently published the whitepaper of Erlay, a transaction relay protocol aimed at reducing the amount of bandwidth utilized by the bitcoin nodes by almost 84 percent. Co-authored by Gleb Naumenko and Pieter Wuille, the paper discussed how nodes in the current Bitcoin protocol relay Transaction IDs to all its peers. Sometimes,…
The price of bitcoin surged by more than $2,000 on Wednesday, reiterating the faith that bulls didn’t exactly leave the market. As of 0630 UTC today, the BTC/USD exchange rate had corrected downwards by more than 3.5 percent from the day open. The pair established an intraday low of $11,674 right upon testing the $12,000…
Bitcoin wallet addresses do not appear to be something that one can learn and type manually – like a bank account number. They are a long string of random characters which users prefer to copy-and-paste whenever they want to initiate/request money transfer. At the same time, it is evident that not many looks into those…
Fearing scammers are misleading Chinese people with fascinating bitcoin investment offers, a coalition of regional internet companies has asked investors to stand guard. The Beijing Internet Finance Industry Association (BIFIA) issued a noticeon June 20, warning citizens about the risks of participating in illegitimate fundraising rounds. The report specifically mentioned blockchain startups that amassed millions of…
Bitcoin was not the Indian tax defaulters’ prime haven during the 2016’s demonetization, indicated an old TOI report. The news agency quoted officials from the Reserve Bank of India (RBI), admitting that people didn’t hide their black money in cash. Instead, they chose real estate and gold. The officials noted that that RBI received almost 99% of…
Several market analysts anticipated an extended massive downside correction in the Bitcoin market after the asset surged by more than 235 percent in the second quarter of 2019. Seasoned trader Peter Brandt said on May 27 that he expects a majority of sold-out bulls to capitulate. Market analyst Walter Wyckoff too predicted bitcoin at $5,800 soon,…
The price of bitcoin on Tuesday was almost 30 percent down from its year-to-date peak of $13,868.44. The BTC/USD exchange rate established a new intraday low at $9822.59, down 9.46 percent according to CoinStats’ cryptocurrency portfolio management app. The move downward brought the bitcoin’s market capitalization to circa $174.15 billion. At its 30-day high, the…
