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Support Grows for Bitcoin Proof of Keys on Jan. 3

December 17th, 2018

The campaign to see bitcoin withdrawn from third-party wallets to private wallets on Jan. 3 is gaining traction. Over the past week, hundreds of Twitter accounts, including those operated by prominent figures such as Nick Szabo, have appended “[Jan/3 ]” to their Twitter handle to show support for the operation, timed to coincide with Bitcoin’s…

These Two Analogies Will Help You Explain Bitcoin to Anyone

December 14th, 2018

Explaining Bitcoin to someone who knows nothing about Bitcoin isn’t easy. In fact, it’s fiendishly tricky. Describing concepts such as blockchain, decentralized networks, and permissionless ledgers to beginners are as tough as describing the color orange to a blind person or the taste of an orange to someone who’s never peeled one. Two new Bitcoin…

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

December 14th, 2018

In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia. Also read: Digital Currency Platform Revolut Receives…

The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

December 13th, 2018

In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched and explore the strangely centralized world of crypto Twitter. First, though, we’ll start with the news that a third party app has made it possible to pay for your Uber ride using BTC. Also read: Benchmark…

Benchmark University Study: Millions of New Crypto Asset Users – Most Remain Passive

December 13th, 2018

Judge Business School, a subsidiary of the University of Cambridge, has published its second annual report into the cryptoconomy. Its inaugural report surfaced in April 2017, just as crypto mania was exploding. A lot has happened in the ecosystem since then, and the school’s new 96-page report covers a good portion of it, with a…

Bitcoin History Part 4: Casascius Creates Physical Bitcoins

December 12th, 2018

Bitcoin was born as a wholly digital currency, and it might have remained that way had it not been for the efforts of an early adopter from Utah. His name was Mike Caldwell, but on the Bitcointalk forum, he was better known as Casascius. The physical bitcoin creator took a digital phenomenon and converted it…

Report: BTC Gets a Health Check in ‘The State of Bitcoin’

December 11th, 2018

Delphi Digital has taken a deep dive into bitcoin core in its first “The State of Bitcoin” report. The 59-page document from the digital asset investment company leaves no stone unturned, covering everything from BTC payments to coin distribution and rolling returns compared to stocks and gold. The report brings together a plethora of interesting…