The Sky Isn’t Falling: Steven Zeiler on Why Bitcoin’s Future Is Strong
Bitcoin Classic, a fork of Bitcoin with a doubled two-megabyte block size limit, appears to have failed. Now, many in the Bitcoin community have voiced fears that, with a continued one-megabyte limit, transaction confirmation times and fees will increase to the point where Bitcoin itself is untenable, potentially dooming the cryptocurrency. However, Steven Zeiler, Software Architect at Zen Software and former software architect for Ripple, holds a different view. He feels that the block size limit is at present a non-issue, and that the Bitcoin economy continues to work relatively....
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Another establishment has begun accepting Bitcoin as payment in what is fast becoming one of the most Bitcoin-centric towns in the United States. Street, a posh restaurant featuring food inspired from around the globe, began accepting Bitcoin earlier this month. The integration came as a result of outreach by Steven Zeiler, a local software developer and Bitcoin evangelist, who has also succeeded in getting a local yoga studio he frequents to take Bitcoin. Matt Carano, owner of The Music Class (which also takes Bitcoin) and former owner of the Pão Cafe, one of the first restaurants in New....
The U.S. Securities and Exchange Commission (SEC) has won a judgment against Steven Seagal after the famous actor failed to pay the agreed sum to settle the crypto fraud case he was involved in. Seagal, now living in Russia, has been ignoring the SEC’s attempts to contact him. Steven Seagal Ignores SEC, Fails to Pay Settlement A federal judge for the U.S. District Court for the Eastern District of New York, William Kuntz, signed an order Friday allowing the SEC to collect fines, penalties, and interest from Steven Seagal. The famous actor had agreed to pay disgorgement of more than....
Despite unprecedented intervention by Chinese authorities last Thursday by, according to speculation, ordering its banks to limit liquidity of CNY in offshore markets, sending the borrowing rate for shorting higher than 100%, causing the biggest one-day move in years and crashing bitcoin’s rally, the market appears to be unimpressed. As expected, Yuan’s value kept falling today, deprecating by 0.25% against the dollar, with the currency seemingly continuing to eye the significant psychological threshold of 7 CNY. Yuan Keep Falling, Seemingly Eyeing 7CNY. Interestingly, bitcoin has failed....
Sterlingcoin is a cryptocurrency designed for use in the United Kingdom and the British Isles. After an initial high price and flurry of trading activity provoked by a strong and fast implementation debut, Sterlingcoin has leveled off and maintained a fairly consistent value and market cap for most of its history over the past two years. It received a significant bump in both during a resurgence at the beginning of 2016. CoinTelegraph spoke with Steven Saxton, a developer for Sterlingcoin, about the cryptocurrency’s path forward. CoinTelegraph: What prompted the creation of Sterlingcoin?....
Ethereum (ETH) and a majority of other large-cap crypto assets have faced strong corrections over the past day. Per CoinGecko, BTC is down 2.5% in the past 24 hours alone, falling from the $24,000 region to $22,800 as of this article’s writing. Ethereum alone is down 5% in the past 24 hours, falling from the […]