Even Giants Started Out Small: Cooperation and the Early Days of Bitcoin – CoinDesk

The paper, “Cooperation among an anonymous group protected Bitcoin during failures of decentralization,” is interesting and valuable work, including the team’s discovery of a new way of tracking Bitcoin activity through a mining data stream dubbed the “extranonce.” But it is also highly technical and nuanced, and the topics it touches on, including Bitcoin security, […]

How anonymous is bitcoin, really? – Deccan Herald

Alyssa Blackburn, a data scientist at Rice University and Baylor College of Medicine in Houston, has spent several years performing digital detective work with her trusty lab assistant, Hail Mary, a shiny black computer with orange trim. Satoshi Nakamoto, its pseudonymous inventor, proposed that the world run not on centralised financial institutions but on an […]

Cryptocurrency prices today: Bitcoin, ether, dogecoin, Shiba Inu fall up to 7% | Mint

In cryptocurrencies, Bitcoin price today fell below $30,000 after advanced back above the $31,000 mark in the previous session. Bitcoin has been trading around the $30,000 level for weeks now, defying predictions of a potential further decline but also struggling to gain upward momentum as the broader US market has also taken a beating. On […]

New Research Unearths Insights Into Satoshi and Bitcoin’s Early Days – CoinDesk

Yet counterintuitively, the data shows that even though 64 parties controlled most of the computing power during this era, they all acted in the best interest of the network. “We sought to understand the socioeconomic process by which bitcoin transitioned from a digital object with no market, to a functional medium of exchange,” researcher Erez […]

Bitcoin Ends Record-Long Losing Streak, BTC Inflows Grow, Ethereum Sees Outflows

As bitcoin ended a 9-week-long losing streak on Sunday, when a green weekly candle finally appeared on the bitcoin chart. Miners transferred about BTC 195,663 to exchanges in May, marking the biggest monthly increase since January, per Bloomberg. According to data from the crypto research and investment firm CoinShares, USD 100m were added to crypto […]

Crypto Price Prediction: Here’s When Bitcoin Could See A ‘Significant’ Bounce—And Why …

The bitcoin price, jumping back over $30,000 per bitcoin last night, broke its longest-ever weekly losing streak even as crypto industry insiders issue serious “crypto winter” warnings. Elsewhere, ethereum’s long-awaited Merge upgrade that’s set for August and will see ethereum transition from the energy-intensive proof-of-work consensus mechanism used by bitcoin to proof-of-stake is causing concern […]

US Senators Discuss Highly Anticipated Bitcoin Bill

On Tuesday, June 7, 2022, Cynthia Lummis, a Republican senator and rancher from Wyoming, and Kirsten Gillibrand, a Democrat senator and securities lawyer from Albany, New York, will introduce the Responsible Financial Innovation Act. “Some details remain in flux, but at a high level the senators’ plan would give the Commodity Futures Trading Commission significantly […]

More Than 70% of Salvadorans Believe the Bitcoin Law Has Not Improved Their Personal Finances

A recent survey has offered some insight into the real opinions Salvadorans have about the implementation of the Bitcoin Law in the country. The inclusion of bitcoin as legal tender in their country and all the changes that the Bitcoin Law has brought about are still not seen as beneficial by most Salvadorans according to […]

Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K – CoinDesk

Bitcoin experienced another relief bounce over the past 24 hours, similar to what occurred last weekend. The recent downtrend in price has stabilized above the May 12 low at $25,338, which contributed to rising momentum on the daily chart. Still, momentum remains negative on the weekly and monthly charts, which means an upswing in BTC […]