German online bank uses Bitcoins to transfer loans German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost. Clients hold the loans in digital tokens like Bitcoin only for seconds… Read More
What Is a Bitcoin ‘Death Cross’ and Why Is Everyone Talking About It? You may have heard of the death cross, because news outlets have grabbed onto it likely because it sounds awesome and people click on awesome things. The reality is less exciting: A death cross is when an asset’s short-term movement average crosses below its long-term average, indicating way more downward action in the market than… Read More
Pablo Escobar’s Brother Says He Met an FBI Agent Posing As Satoshi Nakamoto In it, Roberto claims that he had a close encounter with a US government agent posing as the pseudonymous creator of Bitcoin, Satoshi Nakamoto. This encounter led Roberto to conclude that the US government created Bitcoin and will one day crash the market by selling all of Nakamoto’s stashed bitcoins. Source: vice… Read More
Lightning on Stellar: Technical Spec and Roadmap Lightning is a scaling solution for distributed payment networks, originally proposed for the Bitcoin blockchain. Lightning is designed to allow users to make off-chain payments through routers and hubs. Lightning even has the potential to support cross-protocol payments, such as a payment where the sender sends Bitcoins on the Bitcoin network and the recipient receives… Read More
The NSA Worked to “Track Down” Bitcoin Users, Snowden Documents Reveal Classified documents provided by whistleblower Edward Snowden show that the National Security Agency indeed worked urgently to target bitcoin users around the world — andwielded at least one mysterious source of information to “help track down senders and receivers of Bitcoins,” according to a top-secret passage in an internal NSA report dating to March 2013.… Read More
A Flash of Insights on Lightning Network I’m saying this to emphasize the point that for some of us, that has always been the vision. One of the first burning questions I had when I was first introduced to Bitcoin was how the whole thing was supposed to scale. Concepts I’ve learned of since then—like SPV and pruning—helped, but I wasn’t completely… Read More
New York power companies can now charge Bitcoin miners more On Wednesday, the New York State Public Service Commission (PSC) ruled that municipal power companies could charge higher electricity ratesto cryptocurrency miners who try to benefit from the state’s abundance of cheap hydroelectric power. Source: arstechnica… Read More
Technology Meant to Make Bitcoin Money Again Just Went Live The software, called Lightning Network, can now be used for Bitcoin payments after more than a year in which thousands of developers tested it. Lightning Labs, one of the firms developing the technology, released this initial version, which is compatible with networks being developed by other groups, such as Blockstream and Acinq. Source: fortune… Read More
Dangerous malware stealing bitcoin hosted on Download.com for years In today’s day and age, when you ask a security expert about some basic tips to stay safe on the web, one of the most important things he will probably tell you is to download software only from legitimate sources. Sometimes even such a basic and obvious advice might not save you from malware encounters.… Read More
This Is What Happens When Bitcoin Miners Take Over Your Town Hands on the wheel, eyes squinting against the winter sun, Lauren Miehe eases his Land Rover down the main drag and tells me how he used to spot promising sites to build a bitcoin mine, back in 2013, when he was a freshly arrived techie from Seattle and had just discovered this sleepy rural community.… Read More