Coin Market Cap
 

Bitcoin is your new credit card - more companies are now accepting the cryptocurrency

Bitcoin isn’t money, but similar and in many ways superior. This is repeatedly to be said, because the blockchain is a new technology and we don't yet understand perfectly its full reach and usefulness. More companies are now accepting Bitcoin The biggest argument over whether Bitcoin has value or is just some kind of fraud lies in people’s understanding of money. Its current price is over $7000, but what's the use if it can't pay for your meal? In fact, many more places, such as Papa John's Pizza, are now accepting it. A homeowner in the UK has even just...

Read More

The Russian cottage heated by Bitcoin mining

A pair of Russian builders may have stumbled on an environmentally friendly way to utilise the energy produced by Bitcoin mining. Ilya Frolov and Dmitry Tolmachyov, from Irkutsk in Siberia – which experiences average temperatures of between -6ºC and -18ºC from November to March – have built a small cottage in the town and installed two bitcoin miners to warm up a liquid which is then transported through a heating system installed beneath the floor. Because Bitcoin mining – which validates the transactions made using the cryptocurrency – rewards those who invest in the technology with a small amount of...

Read More

Here's Why Bitcoin Privacy Sucks and How It Can Be Drastically Improved

One of the first things people think they learn about Bitcoin is that it is some sort of system for completely anonymous payments on the Internet; however, the reality is that all transactions are logged on a public ledger for the whole world to see. Having said that, researchers have made strides in improving Bitcoin privacy. One of the most widely-known Bitcoin privacy tools is CoinJoin, which is a way of mixing transactions together with other users on the network. But this method of achieving better privacy doesn’t actually work that well. As Saarland University’s Tim Ruffing put it at...

Read More

Millennials: Bitcoin over stocks

In popular media, millennials are often criticised for going against tradition and established order, however, they may very well be on the right path when it comes to investing their hard-earned cash. Surveys have found that the latest generation of investors is not interested in stocks anymore; instead, they are looking ahead to new technologies. Bitcoin and other cryptocurrencies are perfectly suited to the stereotypical millennial way of thinking. The very mindset that sees them frustrated with banks and traditional investment leads them to be more likely to see the benefit in cryptocurrency. A recent survey by the Blockchain Capital...

Read More

Lubin believes Bitcoin bubbles are good news

Whether or not Bitcoin is in a bubble is always questioned. The co-founder of Ethereum, Joseph Lubin, says that Bitcoin is most certainly in a bubble, but that isn’t necessarily a bad thing. Investors are currently behaving quite cautiously as it appears that the revolutionary technology behind Bitcoin is building to burst, however, Lubin believes that the bubble is actually a good thing. Joseph Lubin believes that Bitcoin has experienced bubbles along its entire journey so far, however, they are the good kind of bubble. Lubin defines a “good bubble” as occurring when a new technology emerges, yet can’t build...

Read More