bitcoin

Bitcoin Price Surpasses $7,500, Market Confident in institutional Investors

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price has surpassed $7,500 today, on November 16, achieving $7,558 at its peak, as the Market continues to demonstrate optimism around the rapid rate of adoption by leading financial platforms. $15 Billion App Square’s Integration of Bitcoin Earlier this week, Square, the $15 billion payments app development firm operated by CEO Jack Dorsey, the founder and CEO at Twitter, surprised its users with the integration of [...]

Bitcoin Classic Announces Closure In Wake of Segwit2x Suspension

Proposed Bitcoin scaling solution Bitcoin Classic has announced it will be closing its doors, claiming Bitcoin cash is now achieving what the project set out to do. Speaking in a blog post, release manager for Bitcoin Classic, Tom Zander, said that, given the suspension of the Segwit2x hard fork, Bitcoin’s scaling problem will continue, and the functionality of Bitcoin cash will likely surpass that of Bitcoin. Zander wrote: “In at most 6 months I’m sure we’ll just drop the ‘Cash’ and [...]

Bitcoin Startup RSK to Launch Smart Contracts Sidechain in 2017

One of the most-anticipated Bitcoin projects is planning a live network launch later this year. Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to Bitcoin in the form of an interoperable sidechain. According to RSK co-founder and chief scientist Sergio Lerner, with the formal launch, users will be able to use ethereum-like tools on Bitcoin for the first time. As profiled by CoinDesk, sidechains allow for tokens [...]

Coinbase Adds 100,000 New Users in a Day Following Bitcoin’s Price Rally

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin’s recent price stampede, which reached a new all-time high above $7,350, clearly demonstrates how the cryptocurrency ecosystem has been growing. For popular cryptocurrency exchange Coinbase, things are seemingly great as well, as data suggests it just added over 100,000 new users in a single day. According to data collected by a portfolio manager at the Atlanta Digital Currency Fund, Alistair Milne, the exchange’s growth has been [...]

Back Above $5,500: Bitcoin Shrugs Off Fork with Price Rebound

Bitcoin is gathering fresh upside traction this Wednesday. At press time, the Bitcoin-US dollar (BTC/USD) exchange rate is $5,540, up 3 percent from the intraday low of $5,376, but still down 2 percent on a daily basis. Week-on-week, BTC is trading largely unchanged, while on a monthly basis, it is up 41 percent. But, it’s perhaps the daily recovery that is most notable. While slight, it can be read as encouraging as it follows the news that Bitcoin gold, a new [...]

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

A principal developer of the Lightning Network, Olaoluwa “Laolu” Osunokun is understandably interested in tools that could be made possible by Bitcoin. But while most developers have been focused on ironing out Bitcoin’s much-discussed protocol-level problems, Osunokun is taking a notable step in that he is actually considering launching a production application on top of the network. Despite the volatility of the scaling debate, and the uncertainty of just how many forks there will be, Osunokun is going so far as [...]