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Archive | January, 2017

Review of the Cold Storage Hardware Wallet Cryptosteel

There are various ways to maintain bitcoin using cold storage techniques like a paper or a hardware wallet. Lots of these methods keep your cryptocurrency safe, but private keys and seed phrases need to be backed up in a secure fashion. One method of backup is called Cryptosteel, which can safely house private keys, BIP39 […]

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Venezuelan Bitcoin Miners Arrested for ‘Electricity Theft’

Four Bitcoin miners have been arrested in Charallave, Venezuela according to the spanish-language Bitcoin publication Criptonoticias. The arrest comes at a time of turmoil in Venezuela’s economy, with some individuals turning to Bitcoin. Four Venezuelans Arrested for Stealing Power to Mine Bitcoin In the early morning of January 25, Venezuela’s director of the Corps of Scientific, […]

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Fierce Debate Only Natural In Open Source Developments Like Bitcoin

Bitcoin was released to the public as an open source project that allows anyone in the world to not only transact in a decentralized manner, but also help modify the code. Many open source projects like Linux have started with the source code followed by a myriad of alternative implementations. However, for some reason, in […]

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Markets Update: Upward Trends As All Eye Trump and China

Most of this week’s cryptocurrency markets have been on an upward trend following the top digital asset, Bitcoin. On January 16 Bitcoin’s fiat price value broke the US$900 range, once again showing a determined bullish outlook. Meanwhile, the top ten altcoins in the cryptocurrency ecosystem have either stayed relatively stable or gained value. Bitcoin Breaks […]

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How to Restore a Hardware Wallet Using a Seed Phrase

Demand for bitcoin hardware wallets increases as the digital currency’s value and popularity rises. There are multiple devices on the market that keep bitcoins safe in a cold storage manner. However, if the device is lost, damaged, or stolen users need to understand how to recover their bitcoin. Today we discuss restoring a hardware wallet with […]

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Gold and Bitcoin Form Symbiotic Relationship

“I had to change my thought process to understand that bitcoin is no enemy of gold and silver,” says monetary expert Andy Hoffman, who writes for the precious metals website Miles Franklin. “When bitcoin hit price parity with gold in 2013, I was angry. I knew nothing about it. I assumed it was like the […]

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