Bitcoin On-Chain Transactions Hit All-Time Low: Is This Good News For Bulls T...

Bitcoin was designed to be a decentralized and trustless payment network - with the power to do this provided by the block chain and its ability to publicly confirm the digital currency's digital transactions. Rather contentiously, however, as the bitcoin economy expands, more and more transactions are being carried out off the block chain. Such transactions are tracked on private databases instead of the block chain, and cannot be publicly tracked. There are pros and cons to both systems. So, which are better? Off-block chain or on-block chain transactions? Visible payments. Legitimate....

Are BTC prices sustaining due to a continuous stream of good news, or is there more at play? Speculation about the duration of the current run is endless, with Bitcoin now a stable news item even in the mainstream press. But what’s keeping the BTC price up? Is it simply the relentless slew of good news, or are there on-chain indicators that can predict future price moves? Since retesting the $50,000 barrier in early March, the price of Bitcoin (BTC) has held pretty consistently above that level. Even a pullback in the last week of March couldn’t sustain, with bulls pushing the price back....

Brian Forde // Twitter. Brian Forde from the MIT Media Lab believes that the block chain and related technologies may serve to remind the government that they need to become more transparent and open. Forde's Digital Currency Initiative is specifically looking into ways that the block chain can be a force for social good. According to him, the block chain can be used to distribute social welfare. Forde thinks that some of the best innovations will come from the developing world, as their banking infrastructure is not as strong, and they can come up with stronger, more creative uses of the....

Transactions are committed to the block chain about every 10 minutes. Zero confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have 'zero confirmations.' Once included in a block and written to the block chain the transaction has one confirmation. Confirmation time is a measurement of a transaction's depth or age, in the block chain; the higher the number of confirmations, the older the transaction. When transactions are first broadcast to the network, they are zero....

Bitcoin has a tendency to spike on Monday and Tuesdays after a quiet weekend with little news. New money is flowing into the different Bitcoin-exchanges and people want more action. This time it is a bit special since it's the little Christmas eve. I believe that Bitcoin might rise with more than 10% on Monday. And here is why I believe so: There will be very little negative news about Bitcoin during the Christmas holidays. Governments (that can make most of the bad news) are off to their own holidays. People are in a happy mood where they want to see positive news. This will keep....