Articles by "Bitcoin"
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di November 16, 2021 2

Bitcoin Price Barely Reacts to Taproot Update, Ether Price Rally Eases


Ether's dramatic rise seems to have subsided, although the price is still rising.

Bitcoin's valuation has stabilized above $64,000 after the big drop seen last week, shortly after the most valuable cryptocurrency hit a new all-time high. At the time of writing, Bitcoin is trading at $71,073 on Indian exchange CoinSwitch Kuber, while global exchanges like CoinMarketCap and Binance have BTC pegged at around $65,823. The most popular crypto asset has gained 1.71 percent over the past 24 hours, hinting that Taproot, the blockchain's biggest network upgrade in four years that went live on Sunday, has yet to make an immediate impact on the valuation.

Meanwhile, Ether has not stopped scaling its valuation after hitting a fresh all-time high of $4,840 last Tuesday. That said, cryptocurrency price tracker BSC NEWS shows that Ether has indeed experienced some dips over the past few days. As of writing, Ether was trading at $5,100, up 1.59 percent from a 24-hour low.

Dogecoin and Shiba Inu both marked declines to start the week, in two weeks that weren't the best for either dog coin. Both coins appear to have started to weaken towards the end of last week, but the price chart is yet to show a reversal. While Dogecoin was trading at $0.28 up 0.46 percent, the Shiba Inu price was at $0.000053, down 1.57 percent over the past 24 hours.

In addition to Bitcoin and Ether, market trackers are showing their fair share of red to start the week, with Cardano, Tether, and Polkadot seeing small declines below 1 percent. Meanwhile, Litecoin, Ripple, and Tron lead the list of winners.

Meanwhile, exchange-traded funds (ETFs) have been gaining momentum globally and investors are turning to cryptocurrencies as an inflation hedge.

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di August 27, 2021 1

Bullish or bearish? See what the experts have to say about the future of Bitcoin in 2021!

Bitcoin

When Bitcoin (BTC) hit an all-time high of $65,000 in April, it felt like $100,000 was the next stop for cryptocurrencies. However, the following months brought a change in market trends and the entire cryptocurrency market experienced a sharp decline.

Bitcoin price is down 50% since April, negatively impacting market sentiment and ushering in a dark cloud of distrust among retail and institutional investors.

However, it seems that the situation is changing, as Bitcoin crossed the $40,000 mark for the first time in a six-week period. Thus, Bitcoin's upside prospects have been renewed and, although opinions vary, many experts still believe that the $100,000 price is still achievable by the end of 2021.

Case for $100,000

Why $100,000? It does have a nice ring to it. Round numbers represent a natural resistance point in the rise in the price of any asset, but there is more to it than that. Some predictive models predict $100,000 to be a viable target for Bitcoin price in December 2021.
One example is the well-known Stock to Flow model created by anonymous analyst PlanB. This model takes into account the deflationary nature of the Bitcoin issuance rate, which is halved every four years. Here, Stock is the number of coins in circulation and the flow of the amount mined each year.
This model has proven to be an accurate predictor of digital asset prices during previous market cycles but in order to remain valid, Bitcoin must hit the $100,000 mark before the year ends.

Bullish Sign Charms On-chain Data for Bitcoin.

There are other indicators for price prediction to consider and some of them are starting to show promise of the upcoming Bullish period. Pedro Febrero, Blockchain Analyst at Quantumeconomics, a company that provides analysis, consulting and money management services for both traditional and digital assets, shares his thoughts on the matter, citing two well-known crypto analysts. He has stated:
“Regarding Bitcoin hitting $100,000, that's a tough question. Whether btc will hit $100k this year or not, we can't know for sure. If we extend the timeframe, say 2-4 years, that's almost certain. However, on-analysts like William Clemente and Willy Woo point to the fact that not only do whales collect btc but they also take their coins from exchanges. Short supply usually means prices are rising.”
The two on-chain metrics mentioned by Febrero, whale accumulation and exchange outflows, have been widely observed and analyzed over the past few weeks as they are known indicators for the upcoming rally for Bitcoin. Cointelegraph recently reported a monthly exchange outflow of around 100,000 Bitcoins from centralized exchanges.

This move suggests that investors are interested in keeping their coins off exchanges and keeping them in safer places, a trend observed by both institutional and retail investors. At the time, only 13.2% of the BTC currently in circulation was held on exchanges, the lowest percentage in 2021.

Market Change.

2020 was a wild year to say the least. However, several factors currently point to perfect conditions for renewed growth in the Bitcoin market as reported in June's Bloomberg Galaxy Crypto Index. The report reads:
“The halving in 2020 comes amid unprecedented global fiscal and monetary stimulus, along with institutions leaning towards Bitcoin allocation. The chances that crypto becomes a digital reserve asset and stay on the track charted for most of the last decade further outweigh the loss of a fraction of the portfolio. "
Prediction models have evolved tremendously in recent years as new metrics become available, and different variables gain relevance every day, but the reality is that Bitcoin and other cryptocurrencies have gained considerable attention from the mainstream media and users which cemented Bitcoin as a powerful storefront. . In terms of asset value, digital assets are starting to be seen as an almost mandatory investment in various types of investment portfolios. This shift in perception makes it harder to try to come up with accurate predictions as uncharted territory begins to be explored for new digital asset classes.

Is the Price of $100,000 BTC Even Possible?

As previously mentioned by Pedro Febrero, a value of $100,000 could be reached, if not in December, then maybe in the next 2/3 years. While this would be an ambitious leap for the remaining four months of the year, we've seen it happen before. Over a span of just seven months (between September 2020 and April 2021) the price of Bitcoin increased by around 600%, so it is possible that we will see a similar spike in the coming months.

#Bitcoin #CryptoGetsSocial #Blockster #Markets #Price Analysis #BlockchainHustler
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di August 25, 2020 0

Bitcoin Breaks New Records


Crypto is growing in popularity around the world. Digital currency is used in almost every sector. It is not only introduced to everyone and everywhere, but it is also getting closer and closer in value and may soon break new records and establish itself a valid position.

The global pandemic has disrupted massively in every sector and industry. The impact was enormous and it was getting harder and harder to recover from it. The economy is in a slump and it is very difficult to find the right way out because we are all surrounded by a deep fog of uncertainty. This is why everyone is trying their best to overcome a very difficult situation.,

The pandemic has affected not only some industries in particular but also has a profound impact on the economic state of each country as well as the global economy. This is why financial experts and experts are trying to figure out how the economy can be stabilized and what will be the next steps to improve the current state of the economy.

Many people are starting to invest in cryptos because digital currencies are supposed to be the future of the world, as we all turn to the digitization process. Digital currencies, on the other hand, are not affected by the pandemic and have less impact than outside factors. It is decentralized and non-physical, which will matter a lot during the height of the post-pandemic crypto period.

As such, more investors and entrepreneurs are starting to invest in the crypto market than ever before. This is the answer to the question, how does Bitcoin reach such incredible value and continues to increase in value every day.

New record

Bitcoin has overcome the invalidity of Bank of America as well as New Zealand dollars in Market Capital. This is the new beginning of the digital era. Bitcoin now occupies the 25th position via Market Capital. This is something that not many people imagine happening in the post-pandemic period.

Bitcoin got a lot of support from first-time investors and this was the most important in the massive increase in BTC volume. The capitalization of BTC has increased losses past Bank of America's assessment. Thus, Bitcoin is now closer to Paypal, than ever before.

BTC's current capital is more than $ 226 billion. This is a little more than the market capitalization of Bank of America and the New Zealand Dollar. The massive change was the result of a 3.2% increase in BTC and a 2% fall in Bank of America's market capitalization, which is around $ 224 billion. All of this gives financial experts and specialists the ability to call Bitcoin the 25th most valuable asset by market cap. Next is Paypal, which still stands even further at $ 230 billion.

Bank of America is clearly not alone in its significant decline from fiat-based institutions. The New Zealand dollar also stands right next to it, which means that Bitcoin has managed to position itself ahead of the NZD in just a matter of days. This fact also states that Bitcoin has taken the 34th position in the list of most valuable fiat-based currencies.

The Bitcoin Industry

As mentioned above, Bitcoin and other cryptocurrencies are becoming increasingly popular among various industries and investors as well. Most of the major industries have adapted Bitcoin and have introduced new blockchain-based platforms to customers.

One of the industries that have decided to get closer to the digital world is the gambling industry. It is one of the first industries to introduce a blockchain-based platform and supports most cryptocurrencies as a means of payment. Most of the online casinos, which are also likely to be one of the most popular means of entertainment around the world, have adapted cryptos and introduced many different online bitcoin slots to the audience. Most of the Bitcoin volume is generated from the gambling industry, as more and more companies are implementing it.

While many controversial and sharp measures have been introduced to smooth out the economic impact caused by the pandemic, the Federal Reserve is also encouraging different investors to invest more in the crypto market. Quite a few representatives of the gambling industry have already done so, and are expected to invest even more in the nearest future.

Buffett is not the only famous name on the list. Together with him, there are names like Paul Tudor Jones, who is the founder of the Tudor Investment Corporation. Another billionaire also considers investing in Bitcoin since revealing that the crypto asset was the part of his portfolio previously. So he is expected to be seen figuring in the crypto market anytime soon and the drastic increase of the Bitcoin value might actually be a good inspiration.

Barstool Sports founder, Dave Portnoy is also among the people to expect in joining the crypto world. It is not a simple guess r, but rather a statement. Portnoy made the statement with one of the websites. He and twin brothers Tyler and Cameron Winklevoss want to make a purchase of $200,000 in Bitcoin as well as $50,000 in Chainlink. This shall be Portony’s first crypto purchase. And let’s agree that for the first purchase and first crypto investment that is a decent portion.
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di August 18, 2020 0

Bitcoin Price Falls to $0. 75% of Investors Will Hold


A recent poll found that 72% of bitcoin investors are optimistic about cryptocurrency and would hold on to it even if its price fell to zero. A total of 22,635 votes were collected for this survey.

Most Bitcoin Investors Will Hodl Regardless of the Price

Twitter Plan B users, known for their stock-to-flow price prediction model, have conducted a Twitter poll to determine when bitcoin investors will sell their BTC if the price doesn't go up. The poll ended on Saturday and 22,635 votes have been counted in total.

“You may be bullish on bitcoin but what if the price of BTC doesn't increase sharply next year? When are you going to sell? "Plan B asked his followers. Among the respondents, 72.1% answered that they would hold on to their BTC regardless of price, going up to $ 0 if necessary.


The next most popular option is to sell bitcoin when the price drops below $ 6,000, which was chosen by 16.2% of respondents. Meanwhile, only 5.9% chose to sell when the price fell below $ 3,000 and 5.8% chose to sell when the price fell below $ 1,000.

"Very proud that 72% of my followers are core con artists," Plan B commented on the results. “Bitcoin becomes $ million + or 'zero' and we drive it completely. Vision, belief, and patience are at the heart of this game. Even if there's only a 1% chance of $ 1 million BTC, it's worth it (option argument). "

Some people volunteer their reasons for peddling BTC even if the price goes down. “I am bullish on bitcoin. But even if it were close to zero, I would still struggle or buy more, it is an uncorrelated asset (hedge) for all my other investments/capital, "wrote one Twitter user. Another noted that when bitcoin became a" reserve. " global defacto, there is no reason to sell, only to use. "


Some argue that it is "very unlikely" that the price of bitcoin will not go up while others say they will "buy down," rake in cheap BTC if the price drops. At the time of this writing, the bitcoin price stands at $ 12,251.

Last month, gold flea Peter Schiff conducted a similar survey. "How much longer does a bitcoin price have to say below $ 10,000 before you give up and sell it?" Schiff asked his followers. Out of a total of 28,168 votes, 57.5% of respondents voted "I took him to my grave".

Investor confidence in the price of bitcoin has grown as evidenced by the two other polls conducted by Plan B, one in July and the other in August. In both polls, Plan B asked followers they think the price of bitcoin will hit before December this year. In July, 43% of respondents believed that the price would remain below $ 55,000, but in August only 30% believed that this was the case. Most of the respondents in the August poll believe that bitcoin prices will hit $ 288,000.


Meanwhile, more and more institutional investors are buying bitcoin. The Nasdaq-listed Microstrategy Company announced last week that it had purchased $ 250 million worth of bitcoin. Recently, the U.S. Office of the Currency Supervisory (OCC) clarified that national banks and federal savings associations are authorized to provide deposit services to customers.

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di July 18, 2020 0

Free Withdrawal Fees For USDC & USDT Extended

Indodax announced that the free withdraw fee program for stable coins USDC (USDC) and Tether (USDT) will be extended until Monday 28 September 2020 at 12.00 WIB.

What is Indodax?

Indodax is the largest crypto asset marketplace in Indonesia. With more than 2 million verified members, you can buy and sell crypto assets such as Bitcoin, Ethereum, Ripple, and dozens of other assets easily and safely. Join now and get profit by trading on Indodax!

Read! Buy Your Bitcoin on Bitcoin.co.id

About USDC

USDC is an ERC-20 token that allows users to make payments, loans, investments, and trades. Ecosystems will grow as other fiat tokens are added. A transparent and open-source framework can be used fiat to interact with smart contracts.

About USDT

USDT is a digital token that provides decentralized methods for individuals and organizations using accounting units. USDT uses the Bitcoin blockchain to ensure that tokens that are issued are completely safe.

If you have further questions, please contact support@indodax.com or through our Call Center 021-50525588

Greetings Member,
Indonesia Bitcoin & Crypto Asset Exchange
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di July 13, 2020 0

Buy Your Bitcoin on Bitcoin.co.id

Bitcoin is a digital currency that is based on internet networks, used by certain parties with a confidentiality guaranteed identity in the protection of a proven blockchain system. However, this does not make cryptocurrency minimal risk.

 Where to Buy and Sell Bitcoin, USDT, and Cryptocurrency

Cryptocurrency transactions quickly and easily

Bitcoin.co.id has many features that make it the best place to start having crypto assets.

Manage all your assets easily in one place

Sell, buy, and observe the development of your crypto assets easily, quickly, and safely.

Why choose Bitcoin and crypto assets?

Crypto assets are digital currencies built on Blockchain technology. Cryptocurrencies can be sent around the world without limits, just like sending an email.

What is Bitcoin.co.id?

Bitcoin.co.id is a platform to buy and sell Bitcoin, USDT, and Cryptocurrency online quickly and easily. Bitcoin.co.id itself is one of the products issued by Indodax.

You can also buy and sell Bitcoin, USDT, Ethereum, Ripple, Litecoin, Dogecoin, Tron, Tokenomy, Waves, OKB, and other crypto assets with Rupiah easily on Bitcoin.co.id.

How to sell Bitcoin on Bitcoin.co.id

  • Login to Bitcoin.co.id
  • Click the Buy / Sell button on Bitcoin
  • Click the red Sell button in the box on the right side of the screen
  • The box will display the current balance and selling price of Bitcoin
  • Enter the amount of Bitcoin to be sold, then click Calculate
  • The box will display the estimated amount of rupiah to be obtained
  • Click Sell
  • Sales complete! The box will display a summary of the recent Bitcoin sales
  • See the Bitcoin balance obtained on the Wallet page


How to buy Bitcoin on Bitcoin.co.id

  • Login to Bitcoin.co.id
  • Click the Buy / Sell button on Bitcoin
  • Click the green Buy button in the box on the right side of the screen
  • The box will display the current balance and purchase price of Bitcoin
  • Enter the rupiah amount that will be used to buy Bitcoin, then click Calculate
  • The box will display the amount of Bitcoin that will be earned
  • Click Buy
  • Purchase complete! The box will display a summary of the recent Bitcoin purchases
  • See the Bitcoin balance on the Wallet page


How do you determine buying and selling prices on Bitcoin.co.id?

The system of buying and selling prices on Bitcoin.co.id runs automatically based on the movements of Bitcoin prices in Indonesia. The Bitcoin.co.id system will try to get the best price for your transactions.

Can an Indodax account be used on Bitcoin.co.id?

Your Indodax account can be used to transact on Bitcoin.co.id and vice versa.

Customer service

If you have problems, criticisms, or suggestions, do not hesitate to contact us via telephone and e-mail:

Telephone                    : 021-50525588
Frequently Asked Questions   : support@bitcoin.co.id
Security Bug Report          : bug@bitcoin.co.id
Business Development         : bizdev@bitcoin.co.id

Company's address

  • SUNSET ROAD, BALI Jalan Sunset Road No. 48 a-b, Seminyak, Badung Open - Close: Monday - Saturday: 09:00 WITA - 17:00 WITA
  • UBUD, BALI The Tjampuhan View Ruko Blok F Jalan Raya Sanggingan No.88X, Ubud. Open - Close: Monday - Friday: 09:00 WITA - 18:00 WITA
  • JAKARTA Millennium Centennial Center 2nd floor Jl. Jend. Sudirman No.Kav 25, RT.4 / RW.2, Kuningan, Karet Kuningan, Setia Budi, South Jakarta City, Special Capital Region of Jakarta 12920 Open - Close: Monday - Friday: 09:00 WIB - 18:00 WIB


Available services:

  1. Top up or withdrawal of a Bitcoin.co.id account balance
  2. Replacement of Bitcoin.co.id account data, such as e-mail and telephone numbers
  3. Verify a Bitcoin.co.id account
  4. Added limit on rupiah withdrawals and digital assets per day on a Bitcoin.co.id account
  5. Consultation around the world of Bitcoin and Blockchain Technology


Special Requirements:

  1. To get the above services, members must be willing to show ORIGINAL physical identity cards such as KTP, KITAS, or Passport.
  2. Before the buying and selling process, top-up, and withdrawal of a Bitcoin.co.id account balance, members are required to notify the transaction destination, source of funds, e-mail, and telephone number.
  3. Especially for rupiah withdrawals from a Bitcoin.co.id account, members need to provide a verification pin so that the transaction can be processed. The verification pin will be sent via SMS to the member number registered in the Bitcoin.co.id account at the time the transaction is made.

 Warning! Digital Asset Trading is a high-risk activity. Digital Asset Prices are very volatile, where prices can change significantly over time. Please use extra consideration in making the decision to buy or sell Digital Assets. Coin Crypto Asia does not force users to buy or sell Digital Assets, as investments, or for profit. All Digital Asset trading decisions are independent decisions by users.
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di July 12, 2020 0

Bitcoin Price in Q3-Q4 2020

In the previous article, we already wrote about Market Analysis & Bitcoin Price Q1-Q2 2020. BTC has outperformed the stock market so far in 2020. 

A strong recovery since mid-March has brought BTC prices back to the same level as in February this year. Monetary policy that continues to grow also serves to galvanize many of the biggest supporters of cryptocurrency. However, many people believe that Bitcoin is not a safe haven role due to its high correlation with the stock market during the stock market sell-off period.

Bitcoin volume is slowly showing an upward trend

The average weekly trading volume tends to fall since Bitcoin returned to the level of $ 10,000 in early May. The trend in the first half of 2020 is still going up, but there is no certainty whether this trend will continue or not because the market still looks stagnant. The second half of 2020 is likely to be marked by a decrease in trading volume, as we saw at the beginning of the second semester of 2019.

Market mash looks scared

If we look back at the first half of 2020 from the perspective of market sentiment, we can see a clear trend. Except for the February spike and a few minor spikes in May, market sentiment remains below the neutral zone and the 'fear' zone this year. Less than 25% of the first half of 2020 market sentiment shows ‘greedy’, which means; Uncertainty and fear in the market almost dominated the first half of 2020.


Different hype for Bitcoin and Ethereum in 2020

Google search trends show that Bitcoin and Ethereum had two different hype periods during the first half of 2020. When Bitcoin search interest hit its highest level when the market dropped in March, Ethereum's search interest peaked in mid-February, when ETH prices rose rapidly. The name Bitcoin also re-emerged when Bitcoin halving occurred in May, but did not exceed the level in March.

In addition, one thing that is also interesting is that Ethereum's search interest is still quite high. This happened after the market recovered and throughout the second quarter of 2020. This was likely due to increased interest in DeFi. On the other hand, interest in searching for Bitcoin fell again after halving in May 2020. At present the level of interest in searching for Bitcoin has returned to the same level as in early March.

Warning! Digital Asset Trading is a high-risk activity. Digital Asset Prices are very volatile, where prices can change significantly over time. Please use extra consideration in making the decision to buy or sell Digital Assets. Coin Crypto Asia does not force users to buy or sell Digital Assets, as investments, or for profit. All Digital Asset trading decisions are independent decisions by users.
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di July 12, 2020 0

Market Analysis & Bitcoin Price Q1-Q2 2020

Current events in the crypto market, Bitcoin price movements both from the fundamental and technical aspects we discuss thoroughly.

The contents of this article are for information purposes only and are not investment advice or recommendations or solicitation. Coin Crypto Asia always advises you to get financial advice by you and for yourself before investing or trading cryptocurrency.

Not feel half of 2020 we have passed and we feel it is important for all of us to look back a little to see so far what has happened in the crypto world in 2020.

Beginning with the green candlestick in January which signals the bullish trend of Bitcoin, the optimism of the Bitcoin market continues into February. The more 'green', the price of Bitcoin also set a record high in 2020 (year-to-date) in February in the range of $ 10,500 / BTC. Shortly afterward, the COVID-19 pandemic triggered a global market crash that destroyed all profits seen before March.


However, Bitcoin has bounced back with a 27% increase, and so far in 2020 Bitcoin has outperformed the stock market. Except for XRP, most of the best crypto assets based on market cap (market cap) are in the green zone. XRP has so far experienced a 9% drop in market cap in 2020. Overtaking the position of Bitcoin, Ether (ETH) has emerged as the best crypto asset that has so far risen 75% in 2020.

Also! The Good News - Bitcoin Price in Q3-Q4 2020

Crypto market recovery that occurred after the market crash, looks stagnant in recent weeks. Bitcoin price movements are still in the range of $ 9,000 and $ 9,800 since early May until now.

Bitcoin price analysis

Short-term

After more than a week the market movement is still in a sideways condition with a range-bound sideways around $ 9000, finally, on Monday the BTC broke through the level of $ 9,300 and even prices closed in the range of $ 9,400. This price increase is the highest since June 25. But unfortunately, this is not interesting enough for investors/traders to pump the increase in trading volume. As a result, there is a slight retrace to the $ 9,300 resistance level we mentioned earlier.

If we analyze from the support side, the $ 9000 support level has significantly strengthened in the last few weeks. But now the level is a critical zone that must be wary of if the rising momentum of Bitcoin prices does not continue.

Meanwhile, before Bitcoin rises to face its psychological zone at $ 10,000, there are a number of smaller resistance levels that Bitcoin must cross - although it will require a larger trading volume to be able to maintain the uptrend and breakout until it breaks the downtrend line that we show in color black on the chart.

Long-term

At the macro-level (greater), we see BTC surviving in an uncertain phase. If we describe in more detail, Bitcoin managed to recover after the market crash due to COVID-19 with volatility and the weekly volume of Bitcoin looks low in the range of trading prices that are generally the same. Low volatility, in the long run, is not something we normally see on the BTC market, and given the current post-COVID-19 socio-economic environmental conditions, we certainly will not be surprised if price action occurs with a clearer direction in the near future.

Warning! Digital Asset Trading is a high-risk activity. Digital Asset Prices are very volatile, where prices can change significantly over time. Please use extra consideration in making the decision to buy or sell Digital Assets. Coin Crypto Asia does not force users to buy or sell Digital Assets, as investments, or for profit. All Digital Asset trading decisions are independent decisions by users.
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di June 29, 2020 0

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Upfront, Opening Bear Cycles

Bitcoin miners on Tuesday transferred nearly 3,000 bitcoins, valued at around $ 28 million, directly to an exchange wallet. Several thousand others may be transferred through Over the counter (OTC) transactions.

Direct exchange transfers are the largest Bitcoin (BTC) cards from miners to such structures in more than a year, according to Glassnode data.

Most of the 2,650 BTC sent to the Bitfinex Exchange, mentioned. Miners move funds to crypto exchanges in bulk attracting the intention to sell.

Large transfers coincided with a sharp fall in the price of Bitcoin on Wednesday, prices were down 4% in 24 hours to around $ 9,300.

The earlier transfer of large-scale miners to the exchange has been preceded by a sharp decline in the value of bitcoin, opening the cycle of decline. Not yet clear whether snigger transactions will have the same effect.

Glassnode statistics do not include Over the counter offers - a typical trade with a Chinese mining pool. Besides the fact that children, the figures from the tune indicate that bitcoin miners may have started selling far more than the top cryptocurrencies.

According to Cryptoquant, on-chain trading extravaganza services, more than 9,000 BTC worth around $ 86 million moved on Tuesday, many of which advanced through OTC trading because mass transfers do not match similar increases in exchange balances.

On December 26, 2019, the last miners moved 14,800 Bitcoin. Around 7,100 of BTC transfers between them, Mining pools Poolin and Haobtc accounted for the biggest share of the latest transfers.

"There has been a huge surge in the flow of miners. In one day, I anticipate a lot of sales, starting real soon," crypto analyst Cole Garner tweeted. "This may be an OTC agreement because the current does not appear to go to the exchange," he added.

At the time of writing, bitcoin bought and sold at $ 9,273, betraying the hopes of the optimistic crypto community of increases above $ 10,000, rate ideas as the key to triggering a major price increase.

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di June 23, 2020 0

Bitcoin Is Not Included In The List Of Top 10 Cryptos In China

The China Center for Information and Industry Development (CCID) has released the 18th CCID Global Public Technology Evaluation Index, which ranks 37 globally famous cryptos based on technical specifications, Cointelegraph reported, citing local media.

According to a table published by the local media outlet Chain news, Bitcoin (BTC) placed 12th with 106.2 points.

The criteria used to evaluate cryptocurrency include basic technology, implementation, features, performance, safety, creativity, and decentralization.

At the top of the table are EOS with 156.1 points, followed by TRON with 138.43 points and Ethereum (ETH) with 136.4 points. Leading cryptocurrency scores 20.4 points in implementation and 24.7 in creativity, while second place crypto has 28.4 and 15.5 points respectively.


The fourth and fifth ranks are IOST and LSK with 130.3 and 119.3 points respectively. XRP is in position 14 with only 105 points.

Interestingly, Bitcoin is even lower than the list in the previous rank, in 17th place. At that time, the ranking was only 43 points in terms of innovation and 19.9 for implementation.

Tron's founder and CEO, Justin Sun, warned that Chinese authorities raised suspicion of the platform's legal status. This has led to strained relations with Chinese authorities for Sun in the past few days.

In 2019, an incident involving Tron led to Chinese police around the project office in Beijing. Media outlets at the time claimed that Tron's office was raided by police, but Sun indicated that this was "fake news."

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di June 16, 2020 0

Bitcoin Network Consumes a Ton of Electricity

The awareness and adoption of cryptocurrency is at an all-time high where even governments and financial institutions that have underestimated the fintech revolution as an internet bubble have come to accept the benefits of decentralized technology. Bitcoin, the king of cryptocurrency that started it all, is now seen as a powerful financial tool and a parallel investment vehicle. However, one major aspect of bitcoin is that the enormous energy consumption for transaction verification and securing the network has been the cause of many people's anger.

The high energy consumption of the bitcoin network is directly related to the mining consensus of Proof-of-Work (PoW).

A brief history of PoW and how it works?

PoW is the first consensus algorithm that was introduced by Satoshi Nakamoto (the creator of Bitcoin) in 2008, when Bitcoin was created. This algorithm was mentioned in the Bitcoin white paper by Satoshi, but this concept was introduced earlier in 2004 by a computer scientist, Hal Finney.

There are many questions about the PoW algorithm about how it works and how much energy is consumed. Well, the main purpose of PoW is to create a new block and to confirm all transactions. It contains a record of all transactions related to Bitcoin, plus it is fully decentralized and promotes transparency. It is true that this consensus algorithm uses a lot of energy which means it involves very high costs. Although mining machinery has evolved a lot over the past few years and claims to be more energy efficient, it still consumes a lot of energy.

The PoW mining consensus ensures equality because it offers equal opportunity for every miner who wants to mine the next block, and once the block is mined, he distributes block prizes according to the energy input made by each miner in finding the next block. This algorithm is very different from another popular mining consensus called Proof-Of-Stake (PoS), where the network selects the next miner to find a block. This mining consensus might reduce electricity waste but is not as stupid as PoW.

Back in 2018, Vitalik Buterin, one of the founders of Ethereum, the second largest cryptocurrency, called PoW a tragedy. Buterin quotes that PoW uses billions of dollars of electricity every year and there is still so much theft and fraud.

Bitcoin energy consumption and what is the equivalent?

Through several types of research, it is estimated that Bitcoin mining actually uses around 1% of total world energy consumption. Bitcoin mining is a process through which new coins are generated and carried out by solving very complex computational equations with the help of some very special computers. Along with adding new Bitcoin to circulation, mining also ensures network security. To make more money through the mining process, more miners have been added to the network, which in turn leads to higher energy consumption because all miners will work constantly.

Researchers at Cambridge University jumped into the debate about energy consumption of Bitcoin and conducted the same research. In their research, they found that the complete Bitcoin network around the world consumed more than 7 gigawatts of electricity and for a full year, total energy consumption was around 64 terawatt-hours.

They have compared this energy consumption with various countries and found that the total energy consumption of the global Bitcoin network is more than the energy consumption of all of Switzerland during the same time period. The research team has also created an online tool, the Cambridge Bitcoin Electricity Consumption Index (CBECI) that is there to find out how much energy is needed by the Bitcoin network to maintain the network.

The Bitcoin network actually uses renewable energy

Every time the Bitcoin energy consumption debate is revealed, there are many claims that Bitcoin emits a high amount of carbon dioxide. Some people even claim that these emissions are the same as those emitted by many big cities like Las Vegas. So the question is is Bitcoin really an environmental disaster? According to a researcher, Robert Sharratt, Bitcoin is not a danger to the environment and it undermines this myth that is generally spread by most people. He has dispelled many people's doubts about the energy consumption and carbon footprint associated with cryptocurrency. He accepted the fact that Bitcoin or other cryptocurrency did use a lot of energy but in any case it was not comparable to what many people predicted. Sharratt also explained that crypto uses the world's largest computer network so that the carbon footprint associated with it is truly moderate. He further explained the benefits of using cryptocurrency and how to promote wealth equality.

Another study by Coinshares in June last year revealed that although energy consumption from the Bitcoin network was high, the carbon footprint dilemma was artificially created because the energy consumed by the bitcoin network was generally clean and renewable energy. CoinShares publishes a report stating that most of the energy consumed by Bitcoin comes from natural resources such as Hydro, Wind and Solar power. He claims that 74.1% of the total energy consumed by Bitcoin is renewable which is very similar to other large scale industries.

The safest network

Despite the fact that there is a large energy consumption in Bitcoin, many people still prefer to hold fast to Bitcoin. The reason is the security this network provides. Over the past few years, it has been seen that the Bitcoin network is very safe and the main reason for this security is the blockchain. Bitcoin is supported by Blockchain and every transaction that occurs on this network is encrypted with a blockchain which adds extra security to the network. Blockchain helps keep all users' personal information completely safe and protect their privacy so that there is no possibility of fraud or hacking. Therefore, it is said that Bitcoin is the safest network than before.

Conclusion

Since we have discussed all of the energy consumption of Bitcoin and the use of renewable energy, the end note is that Bitcoin has now emerged as one of the best digital currencies. Although it consumes a lot of energy, it is a fact that is proven through many studies that the majority of energy consumed by Bitcoin is renewable. Therefore, it is very clear that Bitcoin is not harmful to the environment as many have claimed.
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di June 11, 2020 0

Bitcoin Core version 0.20.0

Check your bandwidth and space

Initial synchronization of the Bitcoin Core will take time and download a lot of data. You must ensure that you have enough bandwidth and storage for a full block chain size (more than 200GB). If you have a good internet connection, you can help strengthen the network by keeping your PC running with Bitcoin Core and port 8333 open. Read the complete node guide for details.



Bitcoin Core is a community-driven free software project, released under the MIT license.

Verify release signatures
Download torrent
Source code
Show version history

Bitcoin Core Release Signing Keys

v0.8.6 - 0.9.2.1
v0.9.3 - 0.10.2
v0.11.0+

Download Bitcoin Wallet App


To continue, choose one of the following options


  1. If you want to use the Bitcoin Core Graphic User Interface (GUI), proceed to the Bitcoin Core GUI section below.
  2. If you want to use the Bitcoin Core (bitcoind) daemon, which is useful for programmers and advanced users, proceed to the Bitcoin Core Daemon section below.
  3. If you want to use a GUI and daemon, read the GUI instructions and daemon instructions. Note that you cannot run GUIs and daemons simultaneously using the same configuration directory.

Warning: to prevent data corruption, do not force your computer to shut down from the Windows closing screen when you run Bitcoin Core.

You have now finished installing Bitcoin Core. If you have questions, please ask one of the many Bitcoin communities, such as Bitcoin StackExchange, BitcoinTalk technical support, or #bitcoin IRC chatroom on Freenode.

To support the Bitcoin network, you also need to allow incoming connections. Please read the Network Configuration section for details.

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di June 09, 2020 0
The Reduction in BTC Block Size Is Controversial But Conversations Continue
A chart from Veriblock’s recent Medium blog post describing how they have switched to Segwit bech32 transactions.

The Reduction in BTC Block Size Is Controversial But Conversations Continue


When several people told Luke this week that there were no problems with the Segwit transaction and blocked the abuse of space, the developer responded: "Rejecting the problem won't fix it - Reducing the block size is possible." Coldcard founder and founder Rodolfo Novak agreed with Luke Jr.'s assessment and tweeted that "smaller blocks can be broadcast by radio around the world at very cheap prices - I support this." Hours later, Luke again insisted that the block size needed to be reduced for technical reasons and "Segwit solved his theory." by creating broken incentives. "Luke says there are various methods that can be used to implement block size reduction:" Miners can only do the right thing and reverse the settings, users can pay higher fees to miners that they can only collect if they do the right thing. (bad precedent?), and users can use UASF to enforce new limits. "Then someone asked the programmer if a hard fork was needed to reduce the block size and Luke just said" no. "

Luke's statement was not welcomed by everyone and the topic was discussed on social media, it even appeared on the funny Reddit / r / buttcoin forum. " There is no such thing as bitcoin spam, I hate Veriblock. Either you pay for space or you don't get onchain at all, "an individual chimed in on Twitter. Others ask Luke to explain more accurately why the Veriblock transaction did not achieve its intended purpose." What bitcoin features are designed to prevent this? Who is the user Bitcoin? How do you measure what they agree on? "They asked but didn't receive a reply from the developer. Another person wrote: "There is no problem here - Veriblock will issue its own price." The following day, the developer continued to promote the idea of reducing the block size. "At present, Veriblock pays half of the fees that have to be paid by equivalent legitimate users to defeat them," Luke exclaimed. Next, the programmer adds:

Reducing the block size allows us to fix it by making the same fee rates for both.

BTC Traffic Increases and Costs Continue to Increase After Prices Jump Over the $ 10K Zone


At the moment, we don't know whether Luke's idea will convince other BTC developers because the concept has never gained traction before. Nonetheless, the conversation about reducing block size continues to emerge every few months, in addition to BTC supporters discussing the pros and cons of lifting the supply limit of 21 million coins in the future. In addition, there are people who believe that if certain groups get prices from block space, individuals can easily migrate to the Lightning Network and maybe even to the Liquid Blockstream chain.

https://twitter.com/LukeDashjr/status/1174371421063192578

However, with the BTC chain limited to 1MB, there are people who believe that many people have been given a price for using bitcoin. This week the cost of the BTC network is between $ 0.50-1.00 per transaction, which excludes billions of people from third world countries. When costs are growing higher than now, some bitcoin decimals have really become neutral and even more users are given prices out of 'sacred' block space. Those who believe that maintaining a 1MB block size for the BTC chain is still a striking problem and that Segwit doesn't help much thinking that reducing the block size even further is a ridiculous idea. In fact, network costs have jumped significantly and fighting for block space has become very clear again during the spring and summer of 2019. To this day, traders continue to stop supporting cryptocurrency because of network congestion and high transaction costs.

What do you think about BTC supporters who don't like Veriblock transactions? What do you think of Luke Jr. asking the community to consider reducing the block size? Let us know what you think of this subject in the comments section below.

Source: https://news.bitcoin.com/
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di June 09, 2020 0

How To Get Bitcoin Free

Receive compound daily interest on whatever balance you have in your FreeBitco.in account, without doing anything. All you need to do is maintain a balance of at least 30,000 satoshis (0,0003 BTC) in your account and we will pay you interest at your full daily balance. There are no locked periods for getting interested (you start earning interest from the first day!) And your balance can be withdrawn anytime you want. Treat your account like an instant access savings account to hold your excess Bitcoin. We also pay you a 25% referral commission for each interest earned bitcoin from your referral!

Readmore: Free Bitcoin Mining Without Investment.

BITCOIN SAVINGS FAQ

When is the daily interest credited?

We calculate interest on your account balance every day and credit it randomly every day. If interest will be credited at a fixed time every day, people will be able to play the system by depositing before the credit time and then withdrawing after they receive their interest. To avoid this, daily interest is calculated and credited randomly every day.

How do you make money to pay interest to us?

When you hold money in your FreeBitco.in account, we divide it into 3 parts - the first part is used to cover user withdrawals, the second part is used to finance our MULTIPLY BTC games and the third part is used to expand our bitcoin mining operations (currently 9,065Petahash or 0.009% of the total strength of the bitcoin network). We make a profit and assume the full risk of our business and in return, you keep your money with us, we give you a risk-free fixed rate of return.

Below, we have signed a message using our bitcoin address which is used to collect payments from our bitcoin mining operations. This message can be verified by any bitcoin client or here to provide evidence that we actually mine bitcoin.
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di May 08, 2020 0

What is the Bitcoin halving?

If you are a crypto fan or even interested in the cryptocurrency industry then you will never hear about the next half of Bitcoin, unless you have lived under a rock several times. There is no doubt that it is one of the most anticipated events of the crypto calendar in 2020. But what exactly is that?

Half Bitcoin reduction is a recurring event where the amount of Bitcoin (BTC) given to miners is cut in half.

Where fiat currencies such as the Euro are issued by central banks, there is no central body that issues Bitcoin. Instead, it is coded into the Bitcoin protocol that the new Bitcoin is 'issued' as a gift to miners for validating 'blocking'.

Block on the Bitcoin blockchain is a file that stores 1MB worth of Bitcoin transaction records. In the case of Bitcoin, blocks are added to the blockchain through a consensus mechanism called proof of work (PoW). At PoW, miners compete to add the next block in the chain by using hardware resources to solve complex mathematical problems. This produces a hash - output of 64 characters that seems random.

After the hash has been found, the block is closed and cannot be changed. After successfully mining the block, the miner is given a newly created Bitcoin prize. This process occurs approximately every 10 minutes.

When Bitcoin was first re-released in 2009, the prize was 50 BTC per block, which by today's standards is a large prize, but termination is programmed to be carried out every 210,000 blocks that have been mined, which roughly takes four years with a refund less for the number of prizes.

In 2012, it was reduced to 25 BTC per block. Then in 2016, it was reduced to 12.5 BTC per block. Splitting these two years will see the block prize fall from 12.5 to 6.25 Bitcoin. The fourth split is expected in 2024 when the prize will fall to 3,125 new BTC, and so on for each of the next four years.

But how do we really have to do half of Bitcoin?

Can accept Bitcoin up to 21 million units with its default algorithm. No more than ever! There is no way to game the system here I'm afraid.

Bitcoin is operated on a deflationary model. This means, little by little, the less Bitcoin will be released over time until the supply stops completely. At present there are around 18 million BTC visited, which is about 85% of the total closed. The last bitcoin must be mined around 2140.

Read! Is Bitcoin Halving?

This is very different from fiat money, which uses an inflation model. Inflation is a model in which the central bank can assess additional currencies at will - thinking quantitative easing brought about in the global crisis, this is a practice that is often criticized and used widely as a major economic problem. Nobody can expand their Bitcoin inventory even if they don't want to.

Limiting has also proven a good way to encourage adoption. This should provide incentives for potential adopters & investors who are thinking ahead to buy Bitcoin before it runs out.

In essence, half is a transition programmed into the Bitcoin code that is designed to prevent conversion. This is designed to prevent miners for all Bitcoin too quickly and thereby transfer requests.

When should I receive the date?

Half reduction is programmed to be done after every 210,000 blocks that have been mined take about four years. After reaching the 630000 block which is currently expected to occur on May 12, 2020 at the current block production rate. Read! When Is Bitcoin Halving?

Will the price of Bitcoin go up or down?

In the past, half meant an Increase in Price. The first half reduction occurred on November 28, 2012, a compilation of one BTC was only worth $ 11. The second reduction occurred in July 2016. Bitcoin held prices around $ 600 - $ 700 before firing up to $ 20,000 at the end of 2017

The cryptocurrency space is very different now and much more mature, with half the impact more difficult to predict. With many institutional investors and products such as Bitcoin futures which means deductions for inventory are far more likely to be bought than previously thought. There are also cryptocurrency besides Bitcoin Cash and XRP for sale, offering more competition for investors compared to before.

Read! What is the Bitcoin halving?

If you look at Twitter crypto there must be two camps where half the price will fall to the moon and the other half. Of course there is debate for that, the debate about the economy is currently in a very dangerous position with the ongoing global pandemic. What you sit in this camp is a very exciting time to be part of the new financial system and watch from the sidelines.
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di May 07, 2020 0

Bitcoin Halving Soon! Time to Buy?

Many people have anticipated the halving event as a time when the price of Bitcoin will skyrocket, especially people who had "stuck" and still survive (HODL) until now. The hope with halving, the price of bitcoin can reach ATH at the end of 2017, almost 20,000 USD, even more.

But, is it true that halving makes bitcoin prices go up right away? Are we wise if we immediately buy up bitcoin now? To find out the answer, let's analyze one by one, starting from the historical, fundamental, to technical.

When is Bitcoin halving?

History of Price Movements When Bitcoin Halving


Judging from its history, halving did make the price of Bitcoin rise spectacularly.

The first halving on November 28, 2012, made the price of Bitcoin go up by more than 9000%. Whereas in the second halving in June 2016, the price of bitcoin rose nearly 3000% thanks to Halving.

At first glance, halving gives us the impression that the price of Bitcoin will rise due to reduced mining rewards, making supply less, demand remains / increases, so that on an economic basis, prices will rise. However, whether it will be so?

We need to know and examine, that the price increase after halving does not just happen. After halving in 2012, it took more than 1 year for bitcoin to achieve a fantastic increase.

Whereas in 2016, it takes 500 days before the price of bitcoin reaches its ATH.

In fact, we can find something unique if we look at the price action of bitcoin when we are close to halving.


When the first halving is finished (November 2012), we can see that the price is actually still and tends to go down for several weeks (watch the blue area), before it rises fantastically.


Similarly, the second halving in 2016, Pay attention to the blue area where the price of the BTC actually dropped for the first few weeks before he rose

Did not rule out the possibility that the price of bitcoin after the third halving (estimated 20 May 2020) will experience the same movement: down or tend to be silent for several weeks, then go up quite far.

If we are not careful and as long as we buy bitcoin in the hope that it will rise during halving, then it can be a problem in our emotions because expectations are too high, or worse, we can lose money.

Why Can After Halving Price Even Down?

It is true that halving makes rewards as supply from bitcoin go down. But the factors to consider are the miners.

Because of their rewards or rewards in the form of bitcoin decline, they will not be as profitable as before, especially with the same electricity price.

Therefore, after halving occurs, the miners will likely "rest" or slow down first. We also need to consider small miners who can lose, even go bankrupt because the reduction in rewards from halving is not worth the cost of using electricity and their equipment is exorbitant. This makes the bitcoin network activity faltered.

Only later after a while, the miners will start to rise again, start bitcoin prices rise again as in the previous halving-halving.

Then, Where to Bitcoin Prices Ahead and After Halving in 2020?

The author tries to provide an analysis using technical analysis. At the moment, bitcoin is heading towards the retest area of ​​the falling wedge pattern which broke through last January 2020.

It is possible that bitcoin can go down to the green area (the zone between 6800-7500) before continuing the increase.

Depending on how fast the price of bitcoin moves, the decline to the green zone could have just happened after halving. Prices can also go up before halving, then go down to the area under the green zone.

Basically we still have plenty of time before halving, there are still more than 70 days left per writing this article. Prices can still go up or down.

How to invest in Bitcoin Towards Halving ?!

Basically, if you want to invest, don't be greedy and understand the risks. As a good investor or trader, keep an eye on price movements and make sure to enter in the right and good entry. Don't just put all the money into crypto.

Hopefully, with this halving bitcoin, we all profit a lot in cryptocurrency!
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di May 07, 2020 0

Is Bitcoin Halving?

Bitcoin has a maximum inventory of 21 million coins and its network is guaranteed by the miners. Miners are special hardware that uses a consensus mechanism called "proof of work" to verify each block of bitcoin transactions. Miners are rewarded when they 'find' blocks with newly created bitcoin. This is called a block prize and this is how the new bitcoin is released into the system.

New blocks filled with transactions are added to the Bitcoin blockchain about every 10 minutes and miners who verify each block receive a block prize. The current block prize is 12.5 bitcoin per block. On average, 144 blocks are mined per day. 12.5 new bitcoins are generated with each block. This gives an estimate of around 1,800 new bitcoins that are mined per day.

The number of new bitcoins made through block prizes is reduced by half every 210,000 blocks, about four years. This is known as Bitcoin Reducing. In 2009, the prize for mining Bitcoin began at 50 BTC per block. On November 28, 2012, the first half of bitcoin occurred to reduce mining prizes to 25 BTC. On July 9, 2016, the second half brought mining prizes down to 12.5 BTC. The next halve will be the third half, which is expected to occur on May 4, 2020. At that time the prize block of 12.5 bitcoin will be reduced by half, to 6.25 bitcoin.

Every half reduce the level of new Bitcoin that goes into supply until no more new Bitcoins are created at all in 2140. By 2140, half to 64 and the last occurred and no new Bitcoin will be made. This process is coded in the Bitcoin code by its creator, Satoshi Nakamoto. This mechanism reduces the total supply over time.

How will half affect miners?

The main source of income for a miner is the block gift you get when you 'find' a block. The amount of Bitcoin mined on the block can then be sold with fiat currency. This means that the actual profitability of a miner depends very much on the price of Bitcoin and how much Bitcoin is mined. The mining process has several costs for miners, such as hardware costs and electricity costs. So, when half occurs miners will get 50% less Bitcoin per block mined, while the costs remain the same. So to compensate for this and maintain the same profitability, the price of Bitcoin needs to be doubled.

This is most visible when looking at the minimum price of Bitcoin required for mining continuity - the price for a miner to return all costs including the purchase of a machine. This minimum price will now increase significantly, by itself it doesn't have to be a bad thing, but it is something that needs to be taken into account if the price of Bitcoin goes down. If the price of Bitcoin falls below the minimum price for a miner to be profitable the miner will turn off the engine, and when that happens, network difficulties will go down.

According to the law of supply and demand, a scarcity of Bitcoin supply will cause an increase in Bitcoin demand, which leads to an increase in prices. But this is only in theory, and no one can predict when this will happen. What miners can do is stay ahead of the problem and find ways to use mining hardware that is most efficient and has low electricity prices.

Elite Mining takes into account these future events by ensuring a good offer for equipment and very low electricity costs. This helps keep the minimum price of Bitcoin that EMI needs is very low, making us very competitive.
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di May 02, 2020 0
www.oxbtc.com

OXBTC - Top Level Cloud Mining Platform


OXBTC was founded in 2014 and is headquartered in Shenzhen, China, OXBTC has been operating safely and stable for 5 years, supporting Chinese, English and Korean. OXBTC serves more than 600,000 users worldwide and issues a total of 29856.95BTC. We provide secure and reliable cloud mining services for 600,000 users in more than 50 countries.

There are 8 large farms in Kazakhstan, Venezuela, the United States, Sichuan, Guizhou, Inner Mongolia and Xinjiang. The number of miners in operation reaches tens of thousands of units, which can realize 100,000 KW power supply capacity, which can provide strong support for hosting and operating miners. OXBTC aims to provide cloud mining services that are transparent, stable, good and reliable for users.


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OXBTC has provided reliable cloud mining services for 600,000 global customers for 5 years! And we will continue to provide the most competitive cloud mining products and better customer service in the future.

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di March 14, 2020 0

Who is Satoshi Nakamoto? Introduction to the Mysterious Founder of Bitcoin


The true identity of the creators of Bitcoin is one of the biggest mysteries in the modern world. Over the years many theories have emerged about who Satoshi Nakamoto really is, including time travelers, space aliens, artificially rogue intelligence or fronts for groups such as the NSA, CIA and Yakuza. This article will only present facts that are known about him and candidates who are more likely to be suspected by people who may be difficult to understand figures.

Who is the Mysterious Founder of Bitcoin?


The name Satoshi Nakamoto is an alias used by the person or entity that created Bitcoin to hide their true identity. He claims to be Japanese, born on April 5, 1975 and lives in Japan but people doubt this because of his native English skills and working hours preferences that are more consistent with the US time zone than Asia. Satoshi is a Japanese boy's name which means "one with wise ancestors" and he is considered a boy.

Nakamoto was the first to solve the problem of double spending on decentralized digital currencies, creating a new asset, the world had never seen before: Bitcoin. In October 2008, Satoshi published the original whitepaper, explaining the blueprint for "Peer-to-Peer Electronic Money System." In January 2009 he released version 0.1 of the source code and launched cryptocurrency by mining the genesis block. The founder continued to work on the software project for about one and a half years before breaking away from active development.

No one knows why Satoshi Nakamoto really decided to disappear without ever revealing himself or even cashing in billions of dollars from the coins originally printed. This has provided fertile ground for speculation, educated conjecture and direct conspiracy theories. Researchers have examined several data points left by the mysterious figure, trying to analyze vocabulary, how to write, and other clues to find some clues about their true identity.

Many Facts Appoint Dorian Nakamoto to Become Satoshi


In March 2014, a Newsweek columnist named Leah McGrath Goodman published a story called "The Face Behind Bitcoin." He claimed the inventor of Bitcoin was a retired physicist named Dorian Nakamoto. When Goodman arrived at the Dorian home in California, he said he was "no longer involved in it" and he "could not discuss it." The comments encouraged Goodman and the Newsweek cohort to assume he was talking about the creation of Bitcoin, so they published a description of Dorian's life. The following is the fifth installment of the news.Bitcoin.com series "lots of facts", with a comprehensive view of the evidence attached to Dorian Nakamoto and the mysterious creator of Bitcoin.


Dorian Nakamoto: ‘I am no longer involved in that and I cannot discuss it’


Six years ago, Leah McGrath Goodman of Newsweek published a presentation about the inventor of Bitcoin and his report claimed it was California citizen Dorian Nakamoto. Over the past 11 years, there have been a number of self-proclaimed candidates, as well as those accused of being Satoshi. Most of the usual suspects have some ties to the cypherpunk movement, but the suspect Goodman is not involved in the scene. Goodman spent two months investigating his story and one of his biggest selling points was the fact that Dorian's birth name was "Satoshi Nakamoto."

Instead of being a member of the cypherpunk movement, at that time Dorian was a 64-year-old Japanese-American, retired physicist and highly educated engineer. Dorian's life and work skills make Goodman and others believe that he has what it takes to create cryptocurrencies and release them into a nameless world. Because Dorian works for several companies and the U.S. military, some of the projects he works on are considered classified information. The veil of secrecy made Goodman once again believe that Dorian was part of Bitcoin's initial creation.

McGrath went to California after studying Dorian's life for two months and visiting his home located in the foothills of San Gabriel Los Angeles. He gets two police officers from Temple City to escort him and they ask if Dorian is in trouble. "I don't think he's in trouble," Goodman responded to the officer. "I want to ask him about Bitcoin - This person is Satoshi Nakamoto," he added. When Goodman arrested Dorian leaving his home, he confronted him with two police officers as witnesses and questioned him about his involvement in creating Bitcoin. Goodman said that Dorian's response was "cautious but revealing." Newsweek's columnist emphasized that Dorian "secretly acknowledged [ed] his role in the Bitcoin project" but refused to answer questions directly.

Dorian also made a video with Bitcoin evangelist Andreas Antonopoulos telling his story and he thanked the Bitcoin community for all the donations he received. BTC Address: 1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4UrjX has received more than 102 BTC ($ 1 million USD at today's exchange rate) and the wallet is now empty. This is in sharp contrast to the more than 1 million BTC in Satoshi Nakamoto's wallet that has not been used for more than a decade.

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di February 08, 2020 0

Unleash Bots: Introducing Blockchain.com's API for Trading Crypto Algorithms


We designed the Blockchain.com Exchange to redefine speed, reliability, and liquidity for crypto retailers and institutional investors. A few months later, The Exchange's deep liquidity and competitive prices have become very popular with sophisticated traders, like you.

Today we are happy to open our Exchange API so you can trade programmatically, build bots, and access our market 24 hours, 7 days a week.

With the Blockchain.com Exchange API you can:

  • Place orders, send cancellations via Websocket
  • Streaming balance update
  • Streaming market data updates
  • Stream the last trade
  • Stream volume and price information 24 hours


Offering tools that make it easier to build and interact with crypto is at the core of what we do. The Exchange API is the latest addition to the suite of APIs that we have engineered for developers - including the original Bitcoin API - and has facilitated tens of millions of orders since we opened the beta program in November.

"Integrate the Exchange Blockchain.com API into trading settings. Not only is it very easy, but it also has many important API methods that I need and overall performance and latency are fantastic when trading. An algorithmic trader".

To get started:

  • Create or log in to an existing Blockchain.com Exchange account
  • Select the API from the drop-down menu
  • Fill in the form and click "Create New API Key Now"
  • Once created, you can see the key under API Settings


Once integrated you will be able to engineer automated trading algorithms that can run your trading strategy, regardless of your availability. So, whether you take a long weekend vacation or sleep while markets around the world are just waking up, you will never miss an action or lose your edge.

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