Summary On November 19, 2021, Coinbase learned that it had erroneously credited some customers transacting in GYEN and POWR either 100x or 1/100th the amount they purchased. Coinbase promptly disabled trading in POWR and GYEN, worked around the clock to resolve the underlying technical issue, and then made adjustments in customer accounts to reflect the amount of GYEN and POWR…
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan has conducted a survey of its clients about…
There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network. Many people have been asking themselves which one is better, and why? In this article, I’ll go over some of the main benefits and drawbacks of each consensus mechanism. Let’s dive in. What Is Proof-Of-Work (PoW)? Proof-of-work…
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year Visa published a study on digital payments Wednesday.…
In a recent interview with Adam Gibson, aka Waxwing, lead JoinMarket maintainer and expert on CoinJoining, we talked about the exciting changes that we will see within CoinJoin transactions, how the processes of CoinJoin works in its current state and his outlook on further innovation. But first, let’s talk about what a CoinJoin transaction consists of in its current state.…
Dogecoin (DOGE) prices rose substantially on Jan. 14 as Elon Musk announced that Tesla would start accepting it as payment for merchandise. Tesla merch buyable with Dogecoin — Elon Musk (@elonmusk) January 14, 2022 After the announcement, DOGE price jumped nearly 13%, hitting a 30-day high of $0.2150. Its upside move came as a part of a larger intraday rally that already…
In a Friday announcement, Bitfinex said it would be immediately closing the accounts for Ontario-based customers who have no balances on the platform. In addition, it planned to restrict access to those who do not have open positions in the exchange’s peer-to-peer financing market or open margin positions. Users who have balances or open positions on Bitfinex and are one…
This is not an introductory article explaining what bitcoin is and why other so-called “cryptocurrencies” cannot compete with its properties and network effects. There has been enough written about this already and bitcoin is the victor. What I will contend is that bitcoin can be considered the world’s best store of value by having superior characteristics to real estate —…
2021 was a breakout year for the cryptocurrency sector and this year is expected to see an extension of the “mass adoption” trend. Public awareness of blockchain technology is on the rise and a new cohort of projects designed to fill more niche roles in society are likely to emerge in the coming months. Three sectors that have the potential…
This article is the second part in a series where we outline the views and predictions made by the Bitcoin community concerning the prospect of hyperbitcoinization. In our analysis, we highlight “transition agents”: main players, groups of players or institutions that could accelerate the transition to a Bitcoin world. For each topic, we base our arguments on the references collected,…
