Bitcoin Community Celebrates Genesis Block as Price Eyes $100,000

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Bitcoin block production trend suggests early 2024 halving event

Quick Take Based on the latest data analysis, Bitcoin’s current block production rate indicates an intriguing trend for the year 2023. At present, the pioneering cryptocurrency is generating one block approximately every 9.

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Bitcoin network hits block 800,000 milestone, here’s why it matters

Bitcoin’s (BTC) historic achievement of mining block 800,000 marks a pivotal moment in the leading cryptocurrency’s journey. This milestone signifies that Satoshi Nakamoto’s Bitcoin has completed 867 million successful transactions since its first block as the network gets closer to…

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Bitcoin block 800,000 mined — What’s next?

Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving.

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Addressing Ordinal Concerns: Bitcoin Decentralization And Block Space

Bitcoin inscriptions have been out for a few more weeks, so we follow up on the fee market and block usage to observe what’s changed after 100,000 inscriptions.

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Solo Bitcoin Miner With Only 86 TH Finds Valid Block

A third individual worker successfully mined a new block on Bitcoin in under two weeks, taking home over $215K.

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Solo Bitcoin Miner With Only 120 TH Finds Valid Block

The individual worker took home over $260K after successfully mining a new block on the Bitcoin blockchain.

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5GB Block Processor ILCOIN Criticizes Bitcoin SV’s Statement Regarding Setting New 638MB Block Size Record

The Bitcoin SV network stated in a March 16 announcement that it achieved a world record by processing a 638MB block, claiming it to be the first and largest of its kind. The developers of the Bitcoin SV network have also claimed that no other blockchain to date is capable of processing transaction blocks of […] The post 5GB Block Processor ILCOIN Criticizes Bitcoin SV’s Statement Regarding Setting New 638MB Block Size Record appeared first on NullTX.

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Researcher Discovers Hidden Biblical Message In Bitcoin’s 666,666th Mined Block

Researchers have found a "Jesus block" on the Bitcoin blockchain containing Bible references. The post Researcher Discovers Hidden Biblical Message In Bitcoin’s 666,666th Mined Block first appeared on BitcoinExchangeGuide.

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Bitcoin Bottomed Last Time This On-Chain Sign Was Seen. It Just Returned

Just days ago, Bitcoin saw its latest block reward reduction when the 630,000th block was mined into existence. This immediately lowered the inflation rate of BTC by 50%, making the cryptocurrency more scarce than gold and most fiat currencies.

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Bitcoin SV Completes Genesis Hard Fork, Block Size Limits Removed

The Bitcoin SV (BSV) blockchain has undergone a hard fork at block height 620538. Clients on version 1. 0. 0 of the blockchain consider the new block valid. However, those clients which have not upgraded, of which there appears to be a sizable number, consider it invalid.

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Single Bitcoin Block Moves Funds the Size of Satoshi’s Stash

The past day saw heightened Bitcoin whale activity, with surprisingly large transactions carried by the blockchain. But one particular block stood out. One Block Contained Nearly 5% of All Bitcoin At block height 606,641, the transactions contained within the 10-minute window totaled 903592.

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Bitcoin (BTC) Miners Throw Out “Stale” Block

The Bitcoin network created a rare event – a block discovery happening by two pools at the same time. In theory, such an event could be the root of a hard fork. Highly Competitive Miners Co-Discovered a Block Bitcoin (BTC) did not go through a hard fork, but produced a rare event where two pools discovered the right block header at the same time.

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Bitcoin Network Experiences Slowest Block in 5 Years

The Bitcoin (BTC) network produced an unusually slow block, taking 119 minutes to discover the block number. The anomaly is happening despite the record activity of miners. Slow Block May Be a Statistical Anomaly The Bitcoin network has a 10-minute block schedule, and so far keeps within the predetermined time, with only small fluctuations.

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Bitcoin mining pool, Antpool miner, produces an invalid Bitcoin block corroborated by 8 nodes

Bitcoin block at height 584,802 was an invalid block due to a discrepancy in coinbase reward value. The invalid block was confirmed by 8 other nodes at forkmonitor. info. BitMEX research tweeted: Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.

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BitMEX Research Informs Bitcoin SV Is Not Reliable For Payments Due to Security Issues

Bitcoin SV (BSV) seems to be affected by block reorganization attacks. The digital currency backed by Craig Wright has some issues with is security. According to BitMEX Research, on April 18, their Bitcoin Cash SV node experienced 2 block re-organizations.

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Bitcoin SV Experiences Blockchain Reorganizations, Possibly Due to Unwieldy Block Size

Bitcoin SV network is struggling with its large block size following a series of block re-organizations

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Bitcoin SV Block Size is Getting Bigger, Mines the Biggest 128 MB Block Yet

The block size of Bitcoin SV (not to be confused with Bitcoin) is getting bigger and bigger as today, the biggest block of 128 MB was mined by nChain’s BMG mining pool. This block had 1,440 transactions which is another record as this is the current block cap of BSV blockchain. Just a few days back, […]

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Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On the October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.

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Bitcoin Magazine Launches Custom Block Explorer

As part of the new Bitcoin Magazine site, we’ve launched a custom block explorer, using Blockstream’s open-source implementation Esplora. What Is a Block Explorer?Bitcoin runs on a distributed network of computers that participate in securing and maintaining a ledger of transactions called a blockchain.

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Bitcoin Cash Mines a 13MB Block

The biggest block ever, by any public blockchain, has been mined today with some 10% of eth’s all daily transactions, at around 60,000 txs, included in just one block of... The post Bitcoin Cash Mines a 13MB Block appeared first on Trustnodes.

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‘Faketoshi’ Craig Wright Fails Bitcoin Block Calculations

Craig Wright, an Australian computer scientist and self-proclaimed creator of Bitcoin, took to Twitter Aug. 28 to state miners unable to mine 32 MB Bitcoin blocks deserve to “go bankrupt.” ‘Bitcoin Creator’ Speaks Out Needless to say, the broader cryptocurrency community was not amused with Wright’s comments, with some enthusiasts even highlighting that the “Faketoshi” […] The post ‘Faketoshi’ Craig Wright Fails Bitcoin Block Calculations appeared first on CryptoSlate.

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Craig Wright challenges Bitmain CEO, Says Bitcoin Cash a split and not a fork of Bitcoin

There has been debate in some quarters among the major shareholders of bitcoin cash(BCH) a fork of bitcoin that is also known as ABC, which came into existence in August 2018, after the scalability challenge of bitcoin and the high gas fees paid to miners resulted in this fork with larger block size and cheaper […] The post Craig Wright challenges Bitmain CEO, Says Bitcoin Cash a split and not a fork of Bitcoin appeared first on ZyCrypto.

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Bitmain’s Bitcoin ABC Issues Block Size Scaling Details for BCH Cryptocurrency

Bitcoin ABC has decided to release a blog post on August 29th related to the block size limit debate. The article starts explaining the improvements that are now being developed in order to increase the maximum block size for Bitcoin Cash (BCH).

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Bitcoin Cash (BCH) Price Analysis: Prices Calm As Bitcoin Cash Fight An Existential War

Over time, it has been proven that Bitcoin Cash (BCH) theatrics are head line makers. However, this time round, the topic of discussion—whether or not to hard fork is existential. Bitcoin SV and Bitcoin ABC are diverging on how best to upgrade the network.

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Why everyone in the cryptocurrency community is suddenly talking about bits and bytes

A tweet from Bitcoin’s self-proclaimed creator Craig Wright has got the entire cryptocurrency community turning to calculators. Wright took to Twitter to posit that cryptocurrency mining pools that can’t mine blocks of 32MB – which even a 56K modem could handle – “deserve to be bankrupt.

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The Anatomy of Anonymity: How Dandelion Could Make Bitcoin More Private

Many people know bitcoin as an anonymous digital currency, one whose privacy features prime it for concealed payments in sketchy recesses of the internet’s dark web.

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China’s Biggest Tech Companies Join Anticrypto Cause

Baidu, Alibaba and Tencent have decided to clamp down on cryptocurrency-related activities on their platforms. According to an article in the South China Morning Post (SCMP) published on Aug 27, these Chinese companies may have taken these measures to align with the strict stance taken by Chinese authorities.

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Корейский телеканал запустит реалити-шоу для поиска «нового Сатоши»

С 19 октября на корейском телеканале Asia Economy TV стартует реалити-шоу под названием Block battle — Who’s Next Satoshi. Участниками проекта станут разработчики блокчейн-решений. Об этом пишет Bitcoin.

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Top Cryptocurrency Solutions for the Middle East and Africa

Before Bitcoin was regarded as the hot new investment on the block (pun intended), the idea of decentralized payments… The post Top Cryptocurrency Solutions for the Middle East and Africa appeared first on Invest In Blockchain.

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Layer 1 Should Be Innovative in the Short Term but Less in the Long Term

One of the key tradeoffs in blockchain design is whether to build more functionality into base-layer blockchains themselves (“layer 1”), or to build it into protocols that live on top of the blockchain, and can be created and modified without changing the blockchain itself (“layer 2”).

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U.S. Tax Policy Is a Stumbling Block for Bitcoin Adoption

George Popescu has come down hard on the American Internal Revenue Service (IRS) and the U. S. tax code in general as stifling instead of enabling innovation through cryptocurrency adoption. In a Medium post published on August 22, 2018, the founder of crypto industry publication Blockchain Times and augmented reality startup Lampix stated that tax policy is effectively blocking crypto payments.

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Bitcoin Cash Have Stopped Fighting With Bitcoin Core And Are Turning On Themselves

Bitcoin Cash vs Bitcoin Core seems to have taken a new direction. No longer are the Bitcoin Cash team focusing on wiping out Bitcoin Core, they now seem to be fighting amongst themselves, this time within two mercenary groups, Bitcoin SV and Bitcoin ABC.

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New Research Claims Satoshi Mined Far Fewer Bitcoins Than Previously Thought

Based on five-year-old research, Bitcoin enthusiasts and critics alike have often held that Satoshi Nakamoto originally mined some 1,000,000 bitcoin in the early days of the network.

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U.S. SEC Denies Nine More Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block. In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion.

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A Three-Headed Mess: Bitcoin Cash Headed Toward Messy Three-Way Split

Once a unified front, the leadership of Bitcoin Cash has fractured into warring factions, and it appears that it’s headed toward not one, but two contentious forks. In this, we’ll review Bitcoin’s history, from its first hard fork to the details of Bitcoin Cash’s upcoming three-way split.

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Bitcoin Core Announces Hard Fork a Success, Claiming BTCC Is Faster Than Bitcoin Cash [BCH]

The team behind Bitcoin Core (BTCC) announced that the latest update, its one-minute block hard fork (HF), was a success. Bitcoin Core Marks Hard Fork a Success In an official post on Twitter, published August 16, the BTCC team stated that after the successful hard fork, BTCC has now more on-chain blockspace per 10 minutes […] Bitcoin Core Announces Hard Fork a Success, Claiming BTCC Is Faster Than Bitcoin Cash [BCH] was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Two Blockchain Companies up the Ante This Quarter

Regardless of the price movement in cryptocurrencies, blockchain companies are showing promise. With government and institutional interest rising, several up and coming firms are buckling up for big changes.

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Halve The Reward, Halve The Price? New Chart Forecasts $3K BTC By 2020

Bitcoin price (BTC) could continue dropping for the next two years, a new forecast which takes into account the possible effect of the next block reward halving has revealed. The Halving Factor To Hit Bitcoin? Uploaded to Twitter August 13, the chart, which “factors in” Bitcoin’s third halving in May 2020 suppressing prices, shows BTC/USD ‘bottoming’ at $3000 just before the event.

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Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price

The next Bitcoin block reward halving event could prove to be a watershed moment for its price, according to data currently circulating around social media. $10 Million By 2023? A summary of Bitcoin’s price at the first two block halvings uploaded to Reddit by Telegram news channel What’s On Crypto notes that Bitcoin prices increased by orders of magnitude in each period.

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Dutch Trader Loses Reclamation Suit Against Banks That Froze His Accounts

In November 2016, a Dutch cryptotrader tried to buy his first 10 bitcoin, first using funds from his ING bank and later from ABN Amro. Both banks denied the transactions.

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Has PayPal Failed At What Bitcoin Has Achieved?

According to reports out this week, PayPal is under criticism for its alleged failure in actually having an impact in the transformation of money usage worldwide. It seems that on the flipside, what PayPal aimed to achieve, Bitcoin thus far as done better, without really trying.

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FinCEN Director Kenneth Blanco Discussed Innovation and Virtual Currencies in Chicago Event

FinCEN is an important part of the US Department of Treasury that helps in the enforcement of financial rules both domestically and abroad. Its director, Kenneth Blanco, believes that cryptocurrencies show us both the sides of innovation — better services and increased criminal activity.

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TRON Foundation Proposes Increased Rewards for Super Representatives

TRON Foundation announced that after thoroughly considering the proposal made by the TRON community, the Community Development team has come up with a plan that would increase the rewards for the Super Representative (SR) candidates to consequently increase the value of block generation.

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Ethereum’s Vitalik Buterin Polls Crypto Community About Bitcoin Core Block Size

Vitalik Buterin’s Poll to Bitcoin Core Supporters 4, 20 or 36 MB? On August the 9th, Vitalik Buterin, Ethereum’s co-founder conducted a poll specifically thought for Bitcoin Core supporters. The question was related to a very important topic for the cryptocurrency community, the scalability issue.

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Bitcoin dev finds potentially crippling security flaw in Bitcoin Cash

Another massive security vulnerability in a major cryptocurrency has been discovered, just sitting there, waiting to be exploited – and this time around it’s Bitcoin Cash. Its blockchain was open to being jammed with a toxic block that would have caused complete consensus failure.

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Why A Ban Of 3D Printed Weapons Is Not A Threat To Bitcoin

I can’t really believe that we are writing this, but, according to a report by Coindesk, the recent ‘block’ of a file containing code for the production of a 3D printed gun, by Defence Distributed in Texas has been compared to an assault on the freedom of speech, as code and thus, has been outlined as a threat to Bitcoin and cryptocurrency.

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Australian Teams Win Big at EOS Hackathon Sydney

The debut of EOS Global Hackathon organized by Block. one, the brain behind the EOS blockchain protocol, came to an end yesterday. The Hackathon took place in Australia at ICC Sidney, and Australian teams clinched the top three prizes and carted away more than US$120,000 in prizes.

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PR: BodyOne Blockchain Ecological Network Energizes the Fitness Industry

No one can defeat me as I am the one in full of oriental power”. - the classic and domineering lines in The Legend of the Swordsman - reappeared in Beijing City - the east of the world. Bin Li, who is known as a godfather of fitness club in China, InterValue, which is a leading block chain technology company with the world’s first practical Blockchain 4.

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