Monthly Archives: May 2019

Putting an End to the Bitcoin Store of Value Fallacy

Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences. Also Read: Memo […]

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Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter. Top Stories This Week Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers According to documents released by USD stablecoin tether’s (USDT) lawyers, the company behind the stablecoin only has enough fiat reserves to back a little less than three-quarters of its existing supply — 74%. Tether executives had previously publicly promised that each tether was backed one-to-one to the USD, a claim that […]

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Decentralized BCH Exchange and a New Giveaway in the Weekly Update From Bitcoin.com

Decentralized exchange Bisq gets forked for bitcoin cash (BCH) and the r/BTC subreddit reaches 250,000 subscribers. In addition to learning about the latest developments, you can also take part in a new giveaway in this week’s video update from Bitcoin.com’s Youtube channel. Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash Special Giveaway in Bitcoin.com’s Weekly News Update This week’s show covers the subreddit which was created to support free discussion of Bitcoin in the face of censorship in other forums, r/BTC, reaching a […]

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NYAG Requests That Bitfinex Be Forced to Release Tether Deal Documents

The New York State Attorney General Letitia James has requested the release of documents concerning an alleged deal made between Bitfinex and Tether. The New York State Attorney General (NYAG) Letitia James has requested the disclosure of documents concerning an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether. The NYAG’s memorandum of law was filed on May 3. The memorandum of law calls for more transparency and claims “that Bitfinex and Tether misled their clients and investors.” The statement also explains why the Office […]

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Bitcoin.com Celebrates 4 Million Wallets Created

Today we’re celebrating a milestone as the Bitcoin.com Wallet has seen a whopping 4 million wallets created since the light client launched. The wallet allows anyone in the world to participate in the cryptoconomy by offering a secure, noncustodial storage solution for bitcoin cash (BCH) and bitcoin core (BTC). Also read: $500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction 4 Million Bitcoin.com Wallets and We’re Just Getting Started The Bitcoin.com Wallet launched back in August 2017 and ever since then the wallet has seen significant development and […]

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Québec Allocates 300 MW Energy Quota for Crypto Mining

Québec, the resource-rich Canadian province, has made up its mind about cryptocurrency mining. Régie de l’énergie, the region’s energy regulator, has rendered its decision on the blockchain sector and lifted the moratorium on electricity supplies. An additional 300 MW of energy will be allocated to power the minting of digital coins, a move that local officials hope will make Québec one of the major forces in the industry. Also read: Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining? Applying Miners Need to Meet a Set […]

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Craig Wright Required To Produce Old Bitcoin Addresses

craig wright court drama, call to delist tether, and much more! Social Media: Follow me on Dlive: https://dlive.tv/MrSotko Follow me on Twitch: http://www.twitch.tv/mrsotko Follow me on Twitter: https://twitter.com/MrSotkoGaming Follow Me On Steem: https://steemit.com/@mrsotko Support Me On Patreon: https://www.patreon.com/mrsotkogaming Discord: https://discord.gg/r2Yf8Ae Want to donate to the channel? Donate Litecoin and send me an email saying how much you sent and I’ll try to thank you at the end of the next video! Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: […]

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CoinMarketCap’s Luke Wagman Speaks On Dealing With Fake Volumes In Crypto, DATA, API Theft, & More!

In this important interview, CoinMarketCap’s third employee, Luke Wagman, shares with us his experience working in one of the largest companies in crypto. In 2017, CoinMarketCap was about the 30th most popular site on the internet, and 108th globally. Throughout the years, CoinMarketCap has been at the center of many controversies, including a most recent one involving what they’ll do about their listed market data, after Bitwise Asset Management’s fake-volume report (specific to BTC) became something everyone in the cryptocurrency industry was talking about. Luke explains how […]

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Pay for Flights on Your Next Business Trip With Bitcoin Cash via Corporate Traveller

Businesses and startups in the cryptocurrency industry are a growing force around the world and services providers are taking note. U.K.’s Corporate Traveller recently began accepting bitcoin cash payments from companies booking flights for their staff, a much needed service for a global sector with so many international events. Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash Corporate Traveller Accepts BCH Payments via Bitpay Looking to pay with bitcoin cash on your next business trip? Corporate Traveller, a U.K. provider of business travel […]

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Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, released new material concerning an upcoming initial exchange offering. Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability of up to 1 billion USDT worth of the exchange’s tokens, dubbed LEO, for […]

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