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Usage of Bitcoin for Remittances by Venezuelan Migrants

Having cloths and a mobile wallet with 1.5 BTC in savings, Deimer Gonzalez, former employee of PDVSA, started building a new life in Buenos Aires, Argentina leaving Venezuela. He could support his family because of the saving. Venezuela earned $3.7 billion as remittance in 2019. The above mentioned person thinks bitcoin is playing a great …

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bitcoin halving

Retail Miners can be Embraced by Subsequent Bitcoin Halving

People are confused about the feasible effects of the programmed reduction of the miners’ reward is coming ahead. The 2020 bitcoin halving is expected to have an impact on the bitcoin price. Previous events of halving marked the commencement of the subsequent bull market. But yet question remains that how strong that bull will be. …

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Record of Bitcoin’s Computing Power (100K+ New Miners)

Record of Bitcoin’s Computing Power (100K+ New Miners)

In the last two weeks, the average mining hash rate of Bitcoin has already touched 71.43 quintillion hashes per second EH/s on July 23. the limit has been crossed because the bitcoin mining difficulty got compatible at height block height 586,672 on Monday. Bitcoin mining difficulty refers to the complexity that bitcoin software makes it …

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Bitcoin Won’t be a Global Reserve Currency

Bitcoin Won’t be a Global Reserve Currency

Crypto enthusiasts aren’t supposed to be the top priority in the 75th anniversary of the Bretton Woods Conference. Because of the expensive and risky international conversions, its really a bar to the hedgers and currency holders. Hence there are some other facts that include trade tensions, threat of military action and combination of monetary easing. …

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Formal Compliant of Prosecutors Against notorious BTC-e Crypto Exchange

Formal Compliant of Prosecutors Against notorious BTC-e Crypto Exchange

A charge stood against BTC-e and one of its executives Alexander Vinnik of money laundering, conspiracy, illegitimate transaction and running unlicensed exchange. They get a penalty of $88.6 million for the executive and $12 million for the exchange given by Financial Crimes Enforcement Network in July 2017. These allegations are according to a court document. …

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Now it’s Harder to Mine Bitcoin than Before

Now it’s Harder to Mine Bitcoin than Before

To introduce you with mining difficulty, I have to say the assessment of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap. The complexity of bitcoin mining has become up to 7.93 trillion which just created a record. This height started becoming a record since October 2018 and …

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Fraud-Fighting ‘Watchtowers’ about to come

Fraud-Fighting ‘Watchtowers’ about to come

Arrival of ‘watchtowers’ will ensure security to the network which is yet a missing piece of bitcoin’s lightning layer as important for removal of fraud. LND software version 0.7 is going to be launched and Lightning Labs is launching the most complete build of a network watchtower. By using it one can be ensured whether …

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A Bitcoin Lightning Web Standard is Achieving Steam

A Bitcoin Lightning Web Standard is Achieving Steam

The open-source WebLN standard is being used by Lightning Joule and Bluewallet made lighting payment over the web simpler. Though it’s a step up for lightning but hence it is risky indeed. Eager users toyed with payments and confined into issues attempting to send or receive value and develop cautions can’t stop them from doing …

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