bitcoin news

Bitcoin slowly recovering after Mike Hearn news in January

February 14, 2016 11:44 am Published by 1 Comment

In the first weeks of January 2016 a leading Bitcoin developer Mike Hearn announced to the world that Bitcoin is dead and broken. In his article he talks about how the community has failed and how the Blockchain technology can’t reliably handle too many transactions at once. He also mentions that the market is controlled by Chinese miners and just two miners control more than half of the entire hash power. Naturally this announcement caused a network wide panic as people were worried Bitcoin is done for good this time. Bitcoin’s death greatly exaggerated After the usual media shitstorm and... View Article

Bitcoin just hit the $420 mark and it doesn’t look like it’s stopping

November 3, 2015 10:26 pm Published by 2 Comments

The last time we saw Bitcoin around these levels was exactly one year ago in November 2014. We were just coming down from a down trend correction that peaked at $667,530 on the 25th of May as people were desperately trying to get rid of their remaining coins and we had no idea where it would stop. Then, less than a month later we finally hit the bottom at $200 where the price remained solid for almost a year, continuously dancing between $260 and $198. Strong news to back it up The first thing that comes to mind when you... View Article