Tag: bitcoin

Venezuelans Trade $60 Million in BTC in 2019

CRYPTO WORLD
Venezuela

Bitcoin (BTC) trading volumes on LocalBitcoins, a leading peer-to-peer (P2P) cryptocurrency exchange, have increased significantly in countries suffering from political and economic uncertainty. Since the beginning of this year (January 1st, 2019), 160 billion bolivars (appr. $63 million) worth of bitcoins have been traded on LocalBitcoins by Venezuela’s citizens. In the past week, a record 25.16 billion bolivars in BTC were transacted via LocalBitcoins by Venezuelan residents. In the past year, bitcoin trading volume in Venezuela through LocalBitcoins has been increasing steadily and has now reached an average of 2,000…

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20% of Bitcoin’s daily trading volume generated by a single project

CRYPTO WORLD
The VeriBlock blockchain

According to the recent research published by Forbes Crypto, about 20% of all Bitcoin transactions are generated by a project called VeriBlock. It is developed on top of Bitcoin blockchain with the aim to provide a more secure alternative to existing cryptocurrency networks. VeriBlock is based on proof-of-proof (PoP) concept that functions as a supplemental consensus mechanism for blockchains integrated with VeriBlock. Basically, it allows minor altcoin projects to avoid security issues related to low hash rate and relatively low reward for mining. Low hash rate may lead double spend…

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The First Bitcoin Block Was Mined 10 Years Ago Today

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Bitcoin 10 years

Bitcoin’s Genesis block, which was mined on January 3, 2009, at 18:15:05 UTC, is now 10 years old. The Bitcoin Network Turns 10 The marking of the 10th anniversary of Bitcoin’s block 0 is, however, not to be confused with the Bitcoin whitepaper’s 10th birthday which was commemorated last year on October 31 in remembrance of the day the whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released. As CCN reported earlier, Seychelles-based bitcoin exchange, BitMEX, has marked the day by placing an ad on the front page of…

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Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

CRYPTO WORLD
Market visualization from Coin360

All of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Ripple (XRP) — the second largest cryptocurrency by market capitalization — has gained over five percent on…

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