Category: Cryptocurrency

The cryptocurrency market is down another 2% today following yesterday’s drop in stocks. Bitcoin has dropped to $6,872 per coin, according to CoinMarketCap.com. This marks the lowest price it has been since July 29th. Other cryptocurrencies are also lower. Ethereum is down 5%, Litecoin 4%, Ripple 3%, and Dash 2%. Crypto markets have fallen sharply…

The first cryptocurrency insider trading scheme, in which two Indian brothers and their Indian American friend made illicit profits totaling over a million dollars, has been charged in the US. Both Sameer Ramani, 33, and Ishan Wahi, 32, are citizens of India and reside in Seattle, while Nikhil Wahi, 26, resides in Houston. Federal Bureau…

Most people think that mining Bitcoin is a very simple process. But there are many factors involved in the process, including electricity costs, hardware maintenance, and even the weather. The most important factor is how much computing power you use. A single mining rig might take several years to mine just one bitcoin. That’s because…

When ordinary people hear the term “cryptocurrency”, they can assume that every aspect of the protocol is encrypted and therefore completely private, allowing users to remain anonymous and safe. Of course not, and privacy-conscious users need to take extra steps to protect themselves. Network watchers are a particular threat vector that Bitcoin and Lightning users should be…

Binance is well known as the largest cryptocurrency exchange . The Malta-based exchange offers a wide range of financial products and is also responsible for the Binance Chain , among other things . In 2017, Binance also released its own cryptocurrency, Binance Coin (BNB) . BNB aims to offer users of the exchange several advantages at once and is now deeply integrated into the exchange ecosystem. But what are…

The Lightning Network is an off-chain solution for the Bitcoin blockchain. It is a “second layer solution”. With such technologies, actions for a blockchain can be outsourced and processed in an external system. Such technologies are one of the best known and best solutions for scaling blockchains. While the Bitcoin blockchain can handle around 7 transactions per second,…

Bitcoin Core (first named Bitcoin , then Bitcoin Qt ) is the reference implementation of the Bitcoin protocol. This open source software is the direct descendant of the original Bitcoin client software created by Satoshi Nakamoto following the publication of the famous Bitcoin white paper . Bitcoin allows you to run a full node ( full nodes ) which has a copy of the complete history…

Bitcoin is by far the most popular cryptocurrency. You can not only buy bitcoins, you can also create them yourself. This process, which runs on the processor of the graphics card, is called mining. Bitcoin mining is particularly worthwhile when using modern, powerful graphics cards. Important note: According to studies, mining is problematic due to its harmfulness to the…