07:14 am

Category: Analysis


Document: Tibanne K.K. Billed Mt. Gox For $200K, Money Possibly Taken From Creditor Funds No Comments

A newly-published post this weekend by GoxDox.org -- a website that collects and publishes documents related to now-defunct bitcoin exchange Mt. Gox -- reveals that Mt. Gox parent company Tibanne K.K. (led by Mark Karpeles) may have invoiced Mt. Gox for "services rendered" following the exchange's dramatic collapse earlier this year. The document, in Japanese, is heavily redacted, and according t...

Next Major Release of Bitcoin Core to be "Much Smarter" About Transaction Fees No Comments

Chief Scientist at the Bitcoin Foundation Gavin Andresen has taken to the Foundation's official blog this Monday to discuss the topic of floating fees for the release of Bitcoin Core 0.10. In short, floating fees add flexibility to the amount of fees paid depending on the amount transacted and acts as a smart tool to help determine which fee amount is most appropriate in order to ensure that tra...

Professor Mark Williams Portrait

Prof. Mark T. Williams: "My Concerns Over Bitcoin Remain" No Comments

The chatter on social media surrounding December 2013 comments by Boston University Professor Mark T. Williams (better known inside the community as 'Professor Bitcorn') is as loud as ever as we begin the second half of 2014. Williams had taken to business publication Business Insider to voice his concerns over the digital currency, which was at the time just out of a massive bubble and an all-...

BitcoinWisdom Price Increase 30 JUNE 2014

Bitcoin Price Rises Nearly Eight Percent in a Day No Comments

Bitcoin chart-watchers are no-doubt glued to their screens at the moment. Over the past twenty-four hours, the price of bitcoin has climbed nearly eight percent to a high of $647 at the Bitstamp exchange -- which is up from a 24-hour low of $593. Impressive! While we can't say for sure what has caused this increase, there's been no shortage of news over the weekend related to the United States Ma...

FATF Task Force Logo

Financial Action Task Force Releases 'Definitions and Risks' Report on Virtual Currencies No Comments

The Financial Action Task Force [on Money Laundering], also known as FATF, has released a new report focusing on virtual currencies. Specifically, the report covers "key definitions" and "potential AML/CFT risks" of these emerging payment methods. The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payme...


Poll Review: Do You Prefer XBT or BTC? No Comments

It's Sunday, and you know what that means. It's time to take a look at last week's poll! In that poll we asked the seemingly age-old question of what the bitcoin abbreviation should be. Most commonly in the community, XBT or BTC have been widely used. But because bitcoin is decentralized, there has been both agreement and disagreement on standards and conventions, since there's no one authority t...

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Poll Results: When Did You Become Interested in Bitcoin? No Comments

It's the weekend, and if you frequent these parts, you'll know it means it's time to take a quite look the past week's poll. Over the past week we asked: when did you become interested in bitcoin? There were two choices: In the past year and over a year ago. The results -- at least to me -- were a bit surprising. Surprisingly close, that is. The response this week wasn't nearly what I hoped in t...

Poll Results 15 JUNE 14

Last Week's Poll Results: PayPal, Digital Currency Integration a Good or Bad Thing? No Comments

Can you say landslide? That's the word that possibly most accurately describe's last week's poll. In that poll, we asked: "PayPal integrating digital currency: A good or bad thing?" We thought we might actually have a close race between "yes" and "no", but that wasn't the case at all. In total, there were about 700 votes cast, and a whopping 636 voters (90.86 percent) said that a digital curren...

Bitcoin 650 Price Break June 14

Poll Review: Do You Think Bitcoin Will Hit $1,000 This Month? No Comments

To say that the price of bitcoin has been interesting lately is a bit of an understatement. In fact, the price of bitcoin has gone up a whopping 45 percent in the past month (based on data from BitStamp). To outsiders and those unfamiliar with the digital currency, that could come as a shock. For community members, however, it's all part of the excitement. The recent price surge has prompted man...

Hashrate June 2014 Early

Bitcoin Community Abuzz Over Ghash.io's Uncomfortably High Hashrate No Comments

Fears of a potential 51 percent attack are once again brewing in the bitcoin community with news that mining pool Ghash.io has reached an uncomfortably high hashrate in the past twenty-four hours. The bitcoin subreddit on social sharing website Reddit.com, with over ten shares on the page related to the matter. The pool's hashrate reached as high as 47 percent -- extremely close to the 51 perc...