Bitcoin Magazine’s Week in Review

2019-9-7 15:00

Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week.

Mining

Heavy-Handed Regulations Run Cryptominers Out of Iran

Large-scale miners in Iran have begun to move abroad as a result of strict cryptomining regulations imposed by the government in early August 2019. After over a year of back and forth, the Iranian government finally recognized cryptomining as an industry, but it comes at a steep price for miners. The price of electricity offered to miners is equivalent to the average price at which Iran exports electricity to other countries. Many miners have decided to move to other countries, including Russia, Georgia, Kazakhstan and even Iraq as a result of prices they deemed to be uneconomical and noncompetitive. 

Payments 

PwC Luxembourg to Start Accepting Bitcoin Payments

PwC, the world’s second-largest professional services firm, will begin to accept bitcoin payments from clients on October 1, 2019. The company announced in early September 2019 that the accepting bitcoin payments is a response to growing market demand. Despite Bitcoin’s historical reputation as a symbol of rebellion and a contributor to cyber crime, the company said that Bitcoin continues to serve as a reliable payment system that cannot be compromised.  With the new bitcoin payments, clients are granted a more secure payment alternative to traditional assets.

Adoption and Community 

Crypto’s Favorite Playboy Is Getting His Own Reality Series

Jeremy Gardner, a 27-year-old cryptocurrency millionaire, has announced a new reality show called The Crypto Castle Chronicles. Produced by Adrian Baschik, a former producer for Vice, the show will be available on YouTube in the coming weeks. The 12 episode series will mix Gardner’s day-to-day lifestyle with insight into the world of startups, entrepreneurship and investments. 

Adoption and Community 

“Ledger of Szabo” Brings Bitcoin Compatibility to Zelda-Style Game

Crypto focused gaming company Blockade Games has released a new game called “The Legend of Szabo,” an overt homage to the flagship game “The Legend of Zelda.” The style and vibe of the game is a replication of Zelda, but one geared toward the Bitcoin community. The main difference between the two games is the selection of weapons, as “The Legend of Szabo” features weapons that serve as metaphors for the bitcoin market. Plus, players of “Szabo” are offered actual monetary rewards, something “Zelda” does not currently offer.

Privacy and Security 

Hardware Wallets Just Got a Bit More Secure With Trezor’s Shamir Backups

Hardware wallets have been the most reliable technology when it comes to securely storing bitcoin, but what happens if you lose your backup seed, or the hardware breaks, gets lost or is stolen? SatoshiLabs, the company behind the Trezor hardware wallet, has come up with a solution to ensure that users are still able to access their wallets, despite any unfortunate events. Based on the Secret Sharing cryptographic algorithm, the new Shamir Backups allow users to split their back up seeds into several word lists or shares, and private keys can be recovered by combining a predetermined subset of the shares.

The post Bitcoin Magazine’s Week in Review appeared first on Bitcoin Magazine.

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bitcoin week → Ðåçóëüòàòîâ: 126


Bitcoin transactions plummet by over 50% in a week

There has been a notable drop in the total number of Bitcoin transactions in the past week. Between Sept. 8 and Sept. 11, it decreased from 909,000 to 412,000, showing a market cooldown. This sharp decline aligns with a noticeable drop in network activity, likely influenced by an overall reduction in trading volume after several […] The post Bitcoin transactions plummet by over 50% in a week appeared first on CryptoSlate.

2024-9-17 18:30


Bitcoin dips to $60k as Solciety’s presale rakes in $400k in a week

Key takeaways Bitcoin briefly dropped below $59k on Monday as Mt. Gox plans to repay some of its clients. Solciety has raised $400k in a week as its 30-day presale begins excellently. BTC slips below $59k as buyers suffer losses The cryptocurrency market is having a poor start to the week, with Bitcoin and other […] The post Bitcoin dips to $60k as Solciety’s presale rakes in $400k in a week appeared first on CoinJournal.

2024-6-25 06:06


Ôîòî:

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in mid-March through to the better part of April.

2024-5-4 23:00


Bitcoin Blasts Past $70,000 In Wild Week To Register New All-Time High

The price of bitcoin has shattered records by briefly surging past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency experienced a steady climb throughout the week with a sustained 12% rally, aided by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States.

2024-3-11 11:32


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