Statechains: Sending Keys, Not Coins, to Scale Bitcoin Off-Chain

Block space is limited: The Bitcoin blockchain can only process some 10 transactions per second, at most. To resolve this, Bitcoin’s technical community is developing second-layer protocols that process transactions “off-chain,” such as the Lightning Network and sidechains. Using clever cryptographic tricks, these transactions are batched to periodically settle on the Bitcoin blockchain as a single transaction. Now, a new second-layer protocol is entering the fray. Statechains, first proposed by Seoul Bitcoin Meetup organizer and Unhashed Podcast co-host Ruben Somsen, turns the concept of a Bitcoin transaction on its head.…

Bitcoin Magazine | How to Explain Bitcoin to Your Dad on Father’s Day: An Infographic

Father’s Day is a time to celebrate those dads who have sacrificed so much to bring us into the world, teach us how to thrive in it and show us how to make it a better place. For many children, this means getting pops a new tie, some tools or a bottle of scotch. But 2019 is the year to give your dad a truly special Father’s Day present: the gift of bitcoin. Thanks to the below infographic made exclusively for Bitcoin Magazine by eToro, a brokerage company that offers…

How to Explain Bitcoin to Your Dad on Father’s Day: An Infographic

Father’s Day is a time to celebrate those dads who have sacrificed so much to bring us into the world, teach us how to thrive in it and show us how to make it a better place. For many children, this means getting pops a new tie, some tools or a bottle of scotch. But 2019 is the year to give your dad a truly special Father’s Day present: the gift of bitcoin. Thanks to the below infographic made exclusively for Bitcoin Magazine by eToro, a brokerage company that offers…

Buy Bitcoin: Hong Kong Protests Spark Fervor Regarding Freedom

Bitcoin (BTC), a digital currency not bound by the traditional rules of fiat, may seem nebulous and useless, but geopolitical and macroeconomic events are quickly proving its viability. Over the past week, Hong Kong has seen a growing amount of political unrest as a result of proposed legislation from the local government, which would allow local authorities to ship purported criminals from the “Special Administrative Region” of China to the mainland. The Hong Kong Protests On Sunday, an estimated one million individuals from Hong Kong — a supposed one in…

Bitcoin: Dorsey’s Square Crypto Snags Ex-Googler

Square Crypto Takes the Plunge (… Finally) A little over an hour ago, Square Crypto, the Silicon Valley firm’s Bitcoin (BTC) centric initiative/division started making some, uh, odd tweets. Introducing itself as Gary Fuches, the handle, run by Square, the financial technology play by Twitter chief executive Jack Dorsey, claimed that he “loved blockchain in a very big way”. And then in an odd turn of events, “management” came to redact Gary’s comments, revealing instead that Steve Lee will be joining Square Crypto. This, of course, was an evident jab…

Bitcoin Needs to Pass $8,200 to Start Next Leg Up

Bitcoin Needs $8,200 Over the past few days, Bitcoin (BTC) bulls have made their presence known once again, boosting the leading cryptocurrency from a multi-week low of $7,450 to $8,150 as of the time of writing this. While this solid price action, which comes after BTC has ostensibly topped at $9,100, has many enthused, the trend isn’t bullish just yet. In a recent podcast with Forbes contributor Benjamin Pirus, prominent analyst Ledger Status, known as Brian Krogsgard off of the ‘interwebs’, explained that Bitcoin has one more key level to…

Bitcoin (BTC) Poised to Break Higher, High-$8,000s Back in Play

Bitcoin Bulls Return as BTC Taps $8,000 Bulls are looking to take control of Bitcoin (BTC) after a week of boring price action. In the past 48 hours, BTC has tried to convincingly break past $8,000 and close a key four-hour or 12-hour candle above $8,200. While this auspicious event from a technical analysis standpoint hasn’t come to fruition just yet, some cheery analysts are coming to the conclusion that bulls will only continue to pressure BTC higher in the days to come. Financial Survivalism claimed that having found clear…

Next Bitcoin (BTC) Boon to Be Facebook’s Globalcoin: Industry Investor

Next Bitcoin Boon As more news has been published in regards to Facebook’s crypto venture, experts of Bitcoin (BTC) have begun to speculate as to what effect the social media giant will have on cryptocurrency. Some are taking this discussion cynically, screaming that the Silicon Valley firm’s foray into the industry is a “Trojan horse” for governments to establish a 1984-esque state. However, more and more are coming to the conclusion that the launch of Globalcoin or Libra, as Facebook’s cryptocurrency is known as, will be a massive boon for…

Earn More Bitcoin (BTC) From Altcoins, Not Margin Trading

Crypto enthusiasts liken the altcoin season to crypto Christmas. It is characterized by a pervasive positive sentiment over altcoins whose values are often in an exponential rise. Often, these alternative digital currencies gain immense benefits during these seasons. Diehard crypto traders say that more Bitcoin can be earned from altcoins during this uptrend. In fact, it is the season where most traders will make the highest profits during the crypto year, whether trading altcoins for more Bitcoin or for more fiat. To ascertain the validity of earning more BTC from…

Bitcoin (BTC) Could See Further Pullback This Week, Warn Analysts

Analysts Bearish on Bitcoin Bitcoin (BTC) hasn’t been doing all too hot as of late. After skyrocketing higher by over 100% from early-April to late-May, the cryptocurrency has begun to taper off, with bulls clearly losing momentum over the past week. In fact, BTC hit $7,450 last week just days after rubbing shoulders with $9,100. This represented an approximately 20% decline in a few days’ time. While Bitcoin has since recovered slightly, with bulls wresting the asset to $7,900, some are fearful that a move lower may soon come to…