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Bitpay Confident in Bitcoin, But Raises Its Minimum Transaction Size

The Bitcoin network is currently experiencing a period of rapid growth, which has caused scaling issues for the technology and social fissures in the online creation community. Bitpay, the juggernaut global bitcoin payment service provider, threw its support behind Bitcoin on Tuesday in a post by CEO Stephen Pair. The Atlanta-based company then raised its […]

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Bither CEO: Bitclub is Performing Segwit-related Attack Against Network

Wen Hao, CEO of Bither wallet, a Chinese mobile bitcoin wallet, said early Friday morning that the Bitclub pool (which has 4% of the total hashrate) launched a transaction malleability attack on the Bitcoin network during the night.  The attacks were evident in blocks mined by the pool in question; more specifically in block 456545 […]

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Here’s (Most of) What Has Happened to Bitcoin in China So Far in 2017

2017 for bitcoin has already been dizzying. The price broke $1,000 on January 1 and, last week, it broke through an all-time high. The price gains have come as a flurry of events in China, where the digital currency is defined as a ‘virtual good’, have left the Bitcoin scene there in disarray.  2017 On January […]

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Russian Bank Executive Says Bitcoin is the Only Successful Blockchain

Over the past couple of months, Russian politicians and banks have been changing their tune when it comes to blockchain technology and cryptocurrency solutions. On February 21 Nikita Smirnov vice president of the state-owned bank Vnesheconombank had some positive things to say about the digital currency bitcoin. In fact, Smirnov believes the Bitcoin network is […]

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Bitcoin’s Transaction Queue Sets a New Record

On February 22 the transaction queue for the Bitcoin network, otherwise known as the mempool, reached its all-time-high. During peak hours of the day, over 100,000 transactions were unconfirmed, and many people were once again experiencing significant delays. Bitcoin Transaction Congestion Surpasses All-Time-High As the bitcoin price slowly approached the currency’s all-time-high the network also […]

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Industry Thinks President Trump Will Be “Bitcoin Friendly” Ahead of Cybersecurity Order

According to an attendee of private Bitcoin conclave Satoshi Roundtable III, both a congresswoman and CEO of Overstock Patrick Byrne believe President Trump, mired in a web of controversy in the US and globally, will be “bitcoin friendly” — even as a sweeping draft executive order on the nation’s cybersecurity framework awaits his signature.  Congresswoman […]

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