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Bitcoin Lightning Network Takes Inspiration From Spongebob

Spongebob Squarepants was once a cartoon icon. In fact, there may come a day when you sit down with your kids to watch the popular TV show. “ wumbology, the study of wumbo. It’s first grade, Spongebob!” That is a quote from the Nickelodeon cartoon series spoken by Patrick Star who describes the word ‘wumbo’ to which another character responds saying “I don’t think that’s a real word.” But thanks to the leading cryptocurrency, Bitcoin, Patrick Star could be proved right. Taken from the kid's show, the term wumbo is now how you would describe the next milestone for the...

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Lowering Bitcoin’s Block Size Limit Discussed At Unconfiscatable Conference In Las Vegas

Lately, longtime Bitcoin Core contributor Luke Dashjr has been gauging support for a potential lowering of Bitcoin’s block weight limit (the effective block size limit these days) on social media. In Dashjr’s view, the block weight limit is currently too high, as evidenced by the amount of time it takes to complete the initial block download aspect of full node synchronization (for example). Is it time for #Bitcoin to do a *temporary* block size/weight limit DECREASE yet? — Luke Dashjr (@LukeDashjr) December 19, 2018 At the Unconfiscable Conference in Las Vegas over the weekend, the Why Bitcoin Not Blockchain? panel...

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Bitcoin (BTC) Nuclear Winter To Follow If Price Closes Below 200 Week MA

Bitcoin (BTC) is trading close to its 200 Week MA but things could soon get out of hand if the price breaks and closes below it. This is because in its entire trading history, Bitcoin (BTC) has never closed below the 200 Week MA. If something like that were to happen for the first time, it would be a major confidence breaker and it may take years or decades to restore faith in cryptocurrencies again. It would also make Dr. Craig S. Wright a lot happier as BTC/USD would have no reason not to fall towards zero should that happen....

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Ethereum (ETH) Refuses To Give In To Further Sell Pressure From Bitcoin (BTC)

Ethereum (ETH) declined heavily against Bitcoin (BTC) in the past 48 hours but now it has started defending against additional sell pressure. In fact, Ethereum (ETH) is actually up against Bitcoin (BTC) for the day and is expected to continue to rise further as market recovery ensues. Most cryptocurrencies including Ethereum (ETH) have fallen more than 95% from their all-time high but so far there is no floor in sight. The price does seem to have found support just above the $100 level but it is not clear yet whether ETH/USD might be able to defend against further decline. So...

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Forget Crypto Winter, Nuclear Winter Is On The Way

A general partner a crypto fund Multicoin Capital, Vinny Lingham has said that if the price of Bitcoin drops below $3,000 there will be some serious problems ahead. In the case in which the Bitcoin price does collapse even further below the $3,000 key resistance level into the $2,000 region, Lingham said that the crypto winter could turn into a ‘nuclear winter’. If we break below $3000 for Bitcoin, “crypto winter” will become “crypto nuclear winter”... https://t.co/sS83cl6Em1 — Vinny Lingham (@VinnyLingham) January 28, 2019 Over the past two months, after a steep sell-off in November, Bitcoin has been relatively stable...

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