Bitcoinist News

Bitcoin Tips Now Available on Twitter via Lightning Network

A new Chrome and Firefox browser extension is has enabled Bitcoin (BTC) tipping on Twitter via the Lightning Network.  Tippin.me uses Bitcoin’s second-layer scaling solution, the Lightning Network, to make tipping almost instantaneous and with incredibly low fees of fractions of a cent. The project was created by Sergio Abril and is still in development. …

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Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms

Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims. BitPay Drops Bitcoin Bashing Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November. …

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Norwegian ‘City’ Replacing Fiat and Cash for Its Own Cryptocurrency

Liberstad, a libertarian city in southern Norway, has reportedly dumped fiat currencies and cash. In their place, it has instituted its own cryptocurrency — City Coin.  The not-so-cleverly-named cryptocurrency will replace all other forms of legal tender. A spokesman told Express.co.uk: City Coin is a secure and innovative cryptocurrency based on City Chain, a smart …

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Bitcoin Price Eyes $4000 As USD LocalBitcoins Trading Volume Quadruples

The US has experienced its largest jump in bitcoin volume over the past week on LocalBitcoins. Over $31.5M worth of BTC was traded on the platform as bitcoin price looks set to test the $4000 resistance level next.  ATH USD Trading Volume on LocalBitcoins Data from Coin Dance shows that USD trading volume on the popular over-the-counter …

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Will The Real Satoshi Nakamoto Please Stand Up – No, Sit Down Craig, We’ve Been Through This Already!

He just doesn’t give up, does he? Self-proclaimed creator of Bitcoin, Craig Wright, now appears willing to testify under oath that he is Satoshi Nakamoto. Or that’s the conclusion Ran NeuNer draws, following Wright’s response to a comment request from the Commodity Futures Trading Commission (CFTC). I Promise To Tell The Truth, The Whole Truth, And …

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Bitmain Unveils New 7nm ASIC Chip After Dismal 2018

Bitmain Technologies has announced a new iteration of its 7-nanometer Bitcoin mining chip. The cryptocurrency mining hardware behemoth says the new and improved 7-nm chip offers greater energy efficiency for mining operations. More Energy Efficient Bitcoin Mining The company announced the news in a blog post published on Monday (February 18, 2019), on its official …

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Top 5 Cities Embracing Bitcoin’s Lightning Network

Bitcoin’s Lightning Network implementation is going from strength to strength, but statistics about its growth make for interesting reading. 2019’s Big Bitcoin Trend Bitcoinist regularly reports on Lightning’s progress, with the ecosystem now breaking new records on a weekly basis. As a technology which is still very much in its earliest phases, however, what does …

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Bitcoin Price Analysis: BTC Bulls Charge Towards $4,000

Bitcoin price finally broke out of a ten day consolidation above $3,500 this morning, having held the 38.2% retracement level for the majority of last week. We take a look at what this means going into the week.  Bitcoin Price: Weekly Chart The weekly Bitcoin price 00 chart shows that bitcoin bulls defended previous resistance …

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Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge

Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16. Localbitcoins functions on a …

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Ethereum Price Analysis: Bulls Make Their Move

On Sunday Ethereum price ramped up an amazing 12%+ upside move. Does this mean Feb 5th drop to $100 was the 2019 bottom for Ethereum? Ethereum Price: Market Overview On Sunday Ethereum (ETH) 00 shifted into beast mode and steamrolled past the $125 and $130 resistance levels and onto new monthly highs. Analysts will probably …