Bitcoin nears the end of a tumultuous week as it recovers from a sudden dive below $30,000 after an inaccurate interpretation of a routine event snowballed into claims that the entire Bitcoin blockchain had been compromised.
A Storm in a Teacup
The focus was on a chain reorganization, or 'reorg' for short, a common occurrence on the Bitcoin network.
On Thursday, the research arm of trading platform BitMEX noted that its Fork Monitor had detected a stale block, as well as "a small double spe
Bitcoin transactions may be taking longer to clear and cost more than usual for some, but that may be because the network is handling more than it has in a long time.
According to data from monitoring resource transactionfee.info, this month has seen Bitcoin process a record number of payments per day—just under 800,000 on January 9th.
Mempool Performance Is "Astonishing"
This number beats the amount of payments reached in late 2017 as Bitcoin approached the peak of its $20,000 bull run. At
Bitcoin proponents are already in awe at the size of the United States' latest $1.9 trillion coronavirus stimulus bill, but for the International Monetary Fund (IMF), it is not enough.
Speaking at the twelfth Russian Gaidar economic forum on January 15th, IMF managing director Kristalina Georgieva told world governments to ramp up spending even more, despite last year's ongoing record money printing.
IMF Tells Governments: Spend, Spend, Spend
“In terms of policies for right now, very unusua
United Kingdom-based Bitcoin exchange CoinCorner has become the latest major trading platform to support the Lightning Network. Traders can now use Lightning via CoinCorner’s website, with a mobile implementation in the works.
CoinCorner Seamlessly Launches Lightning Support
Lightning, which allows Bitcoin users to send transactions near-instantly and at negligible cost, is often regarded as one of the most popular scaling solutions for Bitcoin.
Launched in March 2018 by Lightning Labs, the
China's Bitcoin miners may be eyeing Sweden and the Nordic countries as a new home, but they may be crucially ignoring another place much closer to home.
In a report released last month, Bitcoin mining and media firm HASHR8 identified Kazakhstan as a low-key newcomer in Bitcoin's "hash war."
Drawing on various studies and existing data, the report notes that Kazakhstan's share of the Bitcoin hash rate pie expanded from 1.4% to nearly 6.2% between September 2019 and April 2020.
Kazakhstan's B
