Bitcoin Mining Manufacturer Canaan Acquires Proof of Existence

Bitcoin Mining Manufacturer Canaan Acquires Proof of Existence

The first document timestamping service for the Bitcoin blockchain, Proof of Existence, has been acquired by Bitcoin ASIC mining hardware manufacturer Canaan. The company has also retained the founder of Proof of Existence, Manuel Aráoz, as an advisor on future product development. Also read: Veriphant Helps Enable Legal Proofs in the Bitcoin Blockchain The Acquisition by Canaan Founded in 2013 and headquartered in...

Study Shows Forum Comments Can Predict Bitcoin’s Price with Over 80% Accuracy

Study Shows Forum Comments Can Predict Bitcoin's Price with Over 80% Accuracy

A research paper published last week shows that forum user comments can be used to predict the value fluctuation of bitcoin to an accuracy of over 80 percent. Also read: Asset Managers Recommend Bitcoin to Hedge Against US Stock Market Risks Study Funded by Korean Government A research paper entitled “When Bitcoin encounters information in an online forum: Using text mining to analyse...

Bitcoin’s Meteoric Price Rise to the Moon Reaches $2000

price

On May 20, 2017, the price of bitcoin reached the US$2000 line at the bitcoin exchange Bitstamp. The decentralized currency’s meteoric rise in value has captured a phenomenal $32 billion dollar market capitalization after eight tremendous years of growth. Also read: Petition Asks SEC to Clarify Rules on Bitcoin and Digital Token Assets Bitcoin Has Broken So Many Records in 2017 It's...

Congressional Leaders Question IRS Summons to Coinbase

congressional members

It seems a few U.S. politicians are taking issue with the recent Internal Revenue Service's (IRS) actions towards users of the bitcoin trading platform Coinbase. Also read: Zebpay Bullish About India’s Bitcoin Outlook, Experiences Strong Growth   Three Congressional Leaders are Asking for the Reasons Behind the Recent IRS summons to Coinbase A letter addressed to IRS commissioner, John Koskinen, concerning the...

Largest Czech Online Retailer Alza Accepts Bitcoin, Installs 2 Bitcoin ATMs in Showrooms

The largest Czech online retailer Alza has started accepting bitcoin and has installed a Bitcoin ATM in two of its showrooms; one in Prague and one in Bratislava. Also read: Russia’s Largest Online Retailer Ulmart to Accept Bitcoin in September Alza Starts Accepting Bitcoin Founded in 1994, Alza.cz Inc was previously called Alzasoft. Originally known for electronics and computer technology, Alza now sells...

Bitmain’s Office Walls Defaced in Nighttime Raid

defaced

A group of people descended on Bitmain's office building in Israel during the night last weekend and defaced their walls with anti-Bitmain printouts. The printouts referenced the recent "Antbleed miner backdoor," issued threats to employees, and included remarks warning people about cyber attacks from the company.  Also read: Bitcoin Price Climbs Towards the $2K Range The night raid comes alongside escalating differences regarding the...

Bitcoin Price Climbs Towards the $2K Range

price

The price of bitcoin has hit a new all-time high once again as the digital currency has reached an average of $1950 across global exchanges. If bitcoin breaks the $2K range the price will have doubled since the beginning of the new year. Moreover, 2017 has shown digital assets, in general, have seen significant gains which has created a...

Asset Managers Recommend Bitcoin to Hedge Against US Stock Market Risks

Asset Managers Recommend Bitcoin to Hedge Against US Stock Market Risks

Following the biggest U.S. stock market sell-off of the year on Wednesday, asset managers and investment strategists are suggesting two strategies for portfolio protection; bitcoin and international markets. Also read: Zebpay Bullish About India’s Bitcoin Outlook, Experiences Strong Growth Alternatives to Investing in US Stocks Wall Street saw the biggest sell-off in more than eight months on Wednesday. The market's worst day of...

EY Teams Up With Bitcoin Association of Switzerland

Bitcoin Association

EY joins forces with the Bitcoin Association on Switzerland. This new team association was announced May 17 in a press release by EY.  Also read: U.S. Government to Research Role of Virtual Currencies in Terrorism They said, "Being the first of the Big 4 to get into Bitcoin, the next obvious step for EY was to support our local Bitcoin community by joining the Bitcoin...

Yours Network Moves to Litecoin, Plans Full Launch on May 30

Yours Network Moves to Litecoin, Plans Full Launch on May 30

Yours.network is finally launching, but with a twist. CEO Ryan X Charles has also announced on Thursday that Yours is switching to Litecoin. Also read: Yours Updates Reveal Many Ways to Earn Bitcoin Yours Planning to Launch on May 30 “Yours is like Medium with a pay wall,” Charles describes his product. He has been on a mission to improve the quality of...