Bitcoin News in Review: BitLicense, Dell, Merged Mining, and More
Happy Sunday! With the end of a rather eventful week, it’s time for the Bitcoin News in Review. This week was all about New York’s BitLicense, Dell accepting Bitcoin, Charlie Lee re-proposing merged mining, and more. Check out this week’s top stories after the break. If you’ve been following this week’s Bitcoin news, you’ve probably heard of New York’s BitLicense. On 17 July, Superintendent of the New York Department of Financial Services Ben Lawsky revealed a state-level attempt to regulate digital currencies such as Bitcoin. Any person or company that services New York residents with....
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Happy Sunday, and welcome back to another Bitcoin News in Review, where we revisit some of our best stories of the week here on CryptoCoins News. This week (3 August - 10 August), we continued to see a remarkably stagnant Bitcoin price. saw the earliest bitcoins moving through the blockchain, saw GAW Miners purchase BTC.com for a cool $1 million, and more. Check out this Bitcoin News in Review after the break. CCN. Bitcoin Price - Stable or Stagnant? The Bitcoin price hasn't really changed much in a while. Bitcoin is perhaps one of the most volatile currencies in existence. Prices have....
Merged Mining. Merged mining works by solving for hashes which are valid across multiple blockchains. The best-known example of merged mining is Bitcoin / Namecoin, a simple explanation of which can be found here. As Namecoin cloned the SHA256 method employed by Bitcoin, a miner's hash could solve a block on either chain with equal probability. Of course, this equal probability demands both blockchains be of equal difficulty. Namecoin's difficulty was driven far higher than its value by maintaining merged mining through linkage to Bitcoin's difficulty. But it seems a new type of pool has....
Welcome back to another Bitcoin News in Review, where we look at some of the biggest stories of the week here on CryptoCoins News. This week (19 October – 26 October), we looked at sidechains, saw IBM plan to unveil a blockchain-based “internet of things” next year, saw Circle and BitPay comment on New York’s BitLicense, and more. Check out our video and keep scrolling for our articles on this Bitcoin News in Review. Sidechains are an innovative concept first proposed earlier this year. They have the potential to replace altcoins and “Bitcoin 2.0” platforms. Essentially, sidechains make it....
Bitcoin News. Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of our top stories of the week here on CryptoCoins News. This week, Overstock chose Counterparty for a decentralised stock exchange, the Bitcoin Foundation condemned NYDFS's BitLicense over a lack of transparency, the bitcoin BearWhale was defeated, and more. Check out our video and keep scrolling for this week's Bitcoin News in Review. Overstock Announces Decentralised Stock Exchange. Overstock's CEO Patrick Byrne has been a longtime advocate for cryptocurrency and decentralisation. And....
Bitcoin ASIC Hosting based out of Seattle Washington made a key deal with Dell to hosting miners in Quincy WA data center. Dell with it's recent move to accept Bitcoin payments has been opening even more doors to the Cryptocurrency world. When Bitcoin ASIC Hosting went looking for a facility to host in, they contacted the Dell data center in Quincy. From Dell's customer site experience site. Lauren Miehe, Co-Founder and Head of Operations, Bitcoin ASIC Hosting: Large residential operations are no longer feasible for the latest generation of bitcoin-mining hardware. We have all the cloud....