Bitcoin 

Bitcoin’s Block Size May Already Be ‘Too Big’

The chief strategy officer at Bitcoin (BTC) technology firm Blockstream has said that the current block size capacity may not even be needed in the future. Speaking in an interview with industry news outlet Decrypt on Oct. 6, Samson Mow stated that as off-chain scaling solutions such as the Lightning Network (LN) progress, Bitcoin will need less on-chain capacity. Current block size is suitable According to Mow, Bitcoin now has the equivalent of 4-megabyte blocks if transactions which use Segregated Witness technology are included. The future will show, however, “that…

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Bitcoin 

3 Reasons Why Today’s Bitcoin Product Launch Is a Big Deal

Following the launch of Bakkt’s Bitcoin (BTC) futures, the company listed three reasons why the event is an important milestone for the industry. In a statement on Sept. 23, Bakkt CEO Kelly Loeffler emphasized that the successful launch of Bakkt Bitcoin Futures contracts is the first time when United States-regulated physically-settled Bitcoin futures became available. Loeffler pointed out that the sole fact that such a product now exists may matter more than the precise details of the initiative. Loeffler: Regulated markets accelerate the adoption of digital assets Stressing that the…

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Bitcoin 

Big Four Auditing Firm Deloitte Allows Staff to Pay Lunch in Bitcoin

Big Four auditing firm Deloitte is now allowing its staff to pay for food in the cantine using a mobile Bitcoin (BTC) wallet. English-language local news outlet Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how the audit giant could use the cryptocurrency.”  Partner at the advisory arm of the company Laurent Collet commented on the project: “We think it’s good to have our employees assess this new technology.” Only an internal test That said, Collet also noted that there are no…

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Bitcoin 

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…

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Blockchain 

US Air Force Partners With Blockchain Big Data Management Platform

The United States Air Force (USAF) partnered with blockchain big data management startup Constellation. According to a Constellation press release published on Aug. 27, the startup signed a working contract with the USAF. The U.S. Air Force better explains the scope of the partnership in the following statement: “Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research process in an attempt to speed up the experience, broaden the pool of potential applicants and decrease bureaucratic overhead.” “A big need within the defense apparatus” VP…

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Bitcoin 

Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says

Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15. In a tweet posted on Aug. 20, Burniske noted that in retrospect, 2014-15 revealed itself as having been the best risk/reward period for investors to get Bitcoin exposure. He added: “To objective observers, the network’s momentum was clear despite the bearish price action; those predisposed to dislike based on perceived vested interests, were blinded by biases & missed the bus. What happened to…

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Bitcoin 

Bitcoin Price ‘Will Struggle’ in Big Financial Crisis, Says Investor

Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin (BTC) will be a safe haven in the long term. However, he has a nuanced view of how BTC price will play out with respect to various economic events. Bogart shared his views during an interview with Bloomberg on Aug. 20. According to him, risks of monetary devaluation can drive Bitcoin’s price up. Bogart commented: “I think longer term Bitcoin will absolutely be a safe haven […] I think that when you have looming risks of…

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Blockchain 

Money Managers are Paying Big Bucks to Interpret Your Bitcoin Tweets

Algorithms that can decode market sentiment are making waves in the institutional crypto landscape, a July 17 report from Reuters claims.  An Arms Race for Algorithms With the resounding return of Bitcoin’s (BTC) volatility amid an ever-hotter crypto market, hedge funds and asset managers are increasingly turning to software developers to help them interpret and harness sentiment signals to their advantage. Bin Ren — CEO of Alan Howard-owned Elwood Asset Management — told Reuters that the soaring interest in developing algorithms capable of identifying price clues from the tumultuous social…

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Blockchain 

Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings

A drafted bill entitled “Keep Big Tech out of Finance” has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee. The document’s metadata dates it July 12. The bill’s provenance is unconfirmed, but crypto news site The Block quotes an inside source as saying it is with the Financial Services Committee.  The document reads:  “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value,…

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Ethereum 

Billionaire Mark Cuban Says Facebook’s Libra a Big Mistake

Dallas Mavericks basketball team owner and billionaire entrepreneur Mark Cuban defined Facebook’s Libra stablecoin a big mistake in an interview with CNBC published on July 12. During his interview, Cuban commented on the social media giant’s cryptocurrency endeavors. He said: “I’m not a big fan of what they’re doing there. […] I think it’s a big mistake.” Cuban reportedly explained that he is more concerned about Libra’s global impact than the impact it will have in the United States. Per the report, he noted that “globally and in countries where…

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