December Sees Bitcoin Reach 100 Million Transactions
With increasing adoption of the cryptocurrency, Bitcoin rang in the milestone of 100 million transactions. Capping off an eventful year, the decentralized innovation deemed as a commodity, a currency and surely a cryptocurrency – Bitcoin, reached the seismic milestone of 100 million transactions recorded on the blockchainin December, the final weeks of 2016. The growth of transactions has nearly doubled from the beginning of the year, when there were just over 55 million transactions recorded in the beginning of January. Over a 2-year period, the number of transactions has more than....
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According to a report by the Internet and Mobile Association of India (IAMAI) along with IMRB International, the two organizations forecast that Internet users in India are expected to reach 302 million by the end of the year. The forecast is a 32 percent increase from the 213 million Indian Internet users at the end of 2013. Currently, the ranking puts China in the first place with 600 million Internet users, with the United States at 279 million Internet users and India following closely behind and battling for second place. Reported by The Hindu news source, upon release of the report....
Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million. Additionally the project Pleasrdao aims to up the ante as the “Free Ross DAO” bidding on the collection has raised 1,042 ether or $4.2 million to date. Ross Ulbricht NFT Auction Eyes Millions in Ether During the third week of November, Bitcoin.com News reported on the Ross Ulbricht....
Bitcoin's options market sees only a 12% probability of prices rising above $100,000 by the end of December.
The price of bitcoin has been surging at a frenetic pace in a bullish run that began in the last quarter of 2016. The relentless run sees bitcoin’s market capitalization now scaling beyond $17.5 billion. Exactly a week after bitcoin’s market cap touched $15 billion, rapid gains since through the end of 2016 and the beginning of 2017 that saw bitcoin price reach $1000, has resulted in bitcoin charting through yet another milestone. According to current figures from CoinMarketCap, a total of 201,085 BTC were traded in a 24-hour period, representing nearly 220 million in USD. As things stand,....
On December 5, Stellar Executive Director Joyce Kim disclosed news of a ledger fork related to a failure of their consensus system. The consensus system used by both Stellar and Ripple have never been used at the scale Stellar is implementing, and the system failed to reach consensus causing a fork in the ledger. Stellar has about 140,000 active accounts per week, and over 3 million total accounts. The maximum number of total accounts the Stellar consensus mechanism has previously supported is 2.88 million. “On Tuesday night, the nodes on the network began to disagree and caused a fork of....