Bitcoin News in Review: BitID, FEC Donations, Transaction Volume Decline, and More
Happy Mother's Day, and welcome to another Bitcoin News in Review (formerly known as CCN Week in Review)! This week on CCN, we learned about BitID's secure Bitcoin authentication protocol, that the FEC unanimously voted to allow bitcoin donations to PACs, that the bitcoin transaction volume has dropped, and more. Check out this week's top stories on this Bitcoin News in Review. BitID's Secure Bitcoin Authentication Protocol. Tired of seeing these buttons everywhere? You've probably seen those “Sign In with Facebook” buttons everywhere, right? While they’re convenient, many users don’t like....
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The Bitcoin Transaction Volume is Dropping. Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak in the middle of March with 441,337 BTC. Looking at the same volume chart, but this time showing volume in USD, the transaction volume yesterday was at just over $30 Million. We must be aware of the drop in Bitcoin price....
You just need to scan a QR code if you want to login with Bitcoin through BitID. When people say that currency is only the first app of Bitcoin, this is the kind of stuff they're talking about. Most Internet users are now used to the idea of logging into other websites with their Google, Facebook, or Twitter accounts, but BitID is a new application that would allow anyone to easily login to any website in a somewhat anonymous manner. Those of you who are creeped out by the idea of attaching other websites to your Facebook account can now rejoice because you will soon be able to login to....
On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency. Bitcoin Transaction Volume Has Continued To Be Low Recently According to data from the on-chain analytics firm Santiment, the BTC transaction volume has seen a decline of 90% since the peak in […]
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, there was a drop in the Bitcoin price, Dogecoin's price continued to decline, Ecuador banned Bitcoin in favour of its own cryptocurrency, and more. Check out this week's Bitcoin News in Review after the break. Explaining Bitcoin's Recent Price Drop. The Bitcoin price fell below $600 this week. If you've been monitoring the Bitcoin price this week, you've probably noticed that it has dropped below $600 USD (currently at $588). While it's rarely....
Ethereum still boasts one of the highest transaction volumes in the crypto space but recently, the blockchain has been seeing a decline in its transaction fees. The fees decline significantly which has been a welcome development for users of the network. However, this decline has sparked concerns regarding what types of effects it could have […]