Coinbase Declines to Sign Bitcoin Unlimited Rejection Letter, CEO Explains
Coinbase remains as one of the few companies to reject the hard fork contingency statement released on March 17. The company’s CEO Brian Armstrong made an official statement to clarify the Coinbase team’s stance and viewpoint on hard fork contingency involving Bitcoin Unlimited. Background of the Statement Itself. Late last week, leading bitcoin exchanges including BTCC, Kraken, Bitfinex, Bitstamp, Bittrex, Bitso and Shapeshift that represent the majority of the global bitcoin exchange industry’s market share released a collaborative statement as exchanges in the bitcoin ecosystem. The....
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Bitcoin payments processor BitPay hopes to bring one million merchants on board with its new free and unlimited pricing model. Bitcoin merchants don't necessarily have to use third-party payments processors like Coinbase and BitPay. Using APIs such as Blockchain's Receive Payments API (or by creating one's own), it's possible to accept bitcoins without trusting a third party or paying them fees. However, most Bitcoin merchants still use services like Coinbase because getting set up is a lot easier. Coinbase has recently grabbed headlines for partnering with companies such as Dell and....
Bitcoin.com pool has lost 13.21 BTC or over $12,000 USD due to a bug in BitcoinUnlimited software, which caused it to mine a block bigger than 1MB. So…What Happened? Bitcoin.com, an information portal, which also provides mining pool services has lost out on 13.2 BTC due to a bug in the Bitcoin Unlimited software, which is used on the pool. Bitcoinist spoke with Bitcoin Unlimited developer Andrew Stone a.k.a. “theZerg” to figure out what really happened: Bitcoinist: So what caused this bug? Andrew Stone (AS): The bug was caused by a miscounting of the bytes in the coinbase. Basically the....
ViaBTC has mined its first official Bitcoin Unlimited block after confirming it allocated its entire hashing power to mining on the platform. ViaBTC’s First Bitcoin Unlimited Block. ViaBTC is the fifth-largest mining pool in the world by hashrate distribution. It announced it had officially mined its first Bitcoin Unlimited block on October 10, with a....
Crypto analyst Bobby A is warning that the XRP price may face trouble soon. He says the large monthly chart is showing weak signs, and this could mean the market is turning bearish again. The analyst thinks the price might need to drop further before it can move higher. Bearish Signals Showing On The XRP Price Monthly Chart Bobby A says the big XRP chart does not look healthy right now. He explains that many important monthly indicators are crossing bearishly. He says XRP is trading below the 1.618 level, and the price action there looks like a rejection rather than a breakout. He thinks....
Ethereum has risen above $30 following the bitcoin ETF rejection in what appears to be a bull run. The currency now has a market cap nearing $3 billion. The highest ever achieved by any digital currency except for bitcoin. Ethereum has its own unique smart contracts aspect which makes it complementary to bitcoin in many ways, but some suggest part of its gains are due to bitcoin’s on-going problems regarding transaction capacity. In response, Bitcoin Unlimited, a new grassroots client that increases capacity, continues to gain further momentum as the biggest pool joins the client. It....