Bitcoin Magazine’s Week in Review: More Than an Academic View of Progress

This past week has seen progress in two aspects of Bitcoin: privacy and payments. Attitudes toward blockchain technology are also showing progress as two surveys reveal. And yet, regulation does not necessarily seem to be keeping pace. Here are some of the stories that we’ve been following at Bitcoin Magazine. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Advances in Bitcoin Technology The Anatomy of Anonymity: How Dandelion Could Make Bitcoin More Private Pay From Bitcoin Mainnet to Lightning…

The 12th-Largest Cryptocurrency Continues to Range Trade

On Friday Aug 31, Tron (TRX) crept higher than the day before, but the momentum was already fading out by noon. The crypto is now trading at $0.0247, which is lower than early this week, says Dmitriy Gurkovskiy, chief analyst at RoboForex. Technically, the overall long-term trend is still descending, and it will be this way until the price breaks out the major channel resistance. Meanwhile, in the short-term, a correctional trend is forming on H3, with the target precisely at the descending channel resistance. The price is now testing…

CZ Tweets About a Significant Bullish Run… And Deletes It To Not Over-excite Market

The bullish sentiment seems to be awakening in many investors, resulting in a very positive effect for the community as they see how big names in the cryptomarket are optimistic about the future price performance of their favorite tokens. The cryptocurrency market is undoubtedly one of the most volatile in the financial world. Scientific studies have shown that this community tends to react more to comments and rumors than to technical indicators used in traditional markets. However, after a correction as important as the one experienced during 2018, a possible…

Former Ripple CTO’s Blockchain Project Coil Enters Closed Beta

Coil, a new company founded by Ripple’s former chief technology officer Stefan Thomas, has launched a closed beta. The project – which aims to allow web content creators to better monetize their work – was announced in May, when Thomas departed Ripple. In an interview, Thomas detailed the closed beta, describing the initiative as a way to level the playing field for content creators. “If you’re big you can have a subscription service like Netflix or Spotify. If you’re big you can collect enough data about people to make a…

Dogecoin Price Leaps Over 30 Percent

Dogecoin price today had its Thank-God-Its-Friday moment after rising by more than 30 percent against the US Dollar. DOGE/USD began the day by continuing to its bull run. The pair on Thursday had jumped sharply from 0.00246-fiat to 0.00324-fiat, i.e. 31 percent amidst a strong buying spree. As the Asian trading session began today, the price was hovering inside 0.00328-0.00385 area, forming higher highs and higher lows. The uptrend matured as the European session came into play, adding another 30 percent gains to the market. At the time of this…

Op Ed: DApps Can Increase Audience Engagement for Creators and Influencers

Many of us are familiar with the term “DApp,” which stands for “decentralized application.” Foundationally, a DApp is an application that runs using blockchain technology on a decentralized network of computers instead of on a central database. Transactions via a DApp require the consensus of all users on the blockchain. For example, a financial transfer transacted via any DApp cannot be completed unless validated by all computers in the network, sometimes referred to in the blockchain environment as nodes. The funds will not be released and transferred until each node…

Bitcoin Scam: Fraudsters Buy 26 BTC Using Counterfeit Euro Bills in the Netherlands

In the Netherlands, an individual has fallen victim to another Bitcoin scam using counterfeit currency notes. This case comes less than a fortnight after another similar high-profile occurred in South Korea involving a group of Serbian fraudsters and a South Korean businessman. Details of the Bitcoin Scam According to local Dutch media outlet, rtlnieuws.nl, a man has been duped to the tune of €180,000 by a group of fraudsters in Amsterdam. Police in the city says the victim was approached by the alleged scammers via an online forum to sell…

Navigating Cryptocurrency Exchanges: Experts Weigh In

Although one of the primary goals of Bitcoin is to create a currency that is borderless and decentralized, a recurring concern is the way (other than mining) that we are able to actually acquire it and other cryptocurrencies. Crypto exchanges became a necessary component of this equation, and they hold a huge influence over the crypto market worldwide. At the San Francisco-based blockchain conference Distributed 2018, Ben El-Baz, Chief Strategy Officer at XDAEX, moderated a panel of experts and entrepreneurs involved in international cryptocurrency exchanges, using his own experience at a…

Bitcoin Price Intraday Analysis: BTC/USD Reverses from $7,000

Bitcoin on Friday recovered more than 3 percent from its intraday low near $6,800. The BTC/USD began the day continuing to its steady upside recovery and reached as above as 7020-fiat during the early Asian trading session. The bounce back could have been more effective had it managed to break above 7000-fiat for a more extended period. But as the European session came into play, traders visibly started exiting their positions around 7000-fiat – verifying it as a strong selling area. As a result, the pair dropped and formed lower lows…

Gyeongbuk Coin | A New Digital Coin for Gyeongsangbuk-do Province

China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is issuing the Gyeongbuk coin to replace an already existent state loyalty scheme—the already existent “Hometown Love Gift Cards.” South Korean legislators are making this move to further integrate cryptocurrency across the nation. 100 billion won worth of…