Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the PlatformCoinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that recently applied know-your-customer (KYC) guidelines to non-custodial wallets. If the person living in the Netherlands wants to send crypto to a third-party wallet via Coinbase, […]

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Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

Mining Firm Titan Introduces Lumerin a Project Aiming to Commodify Bitcoin’s HashpowerOn October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making hashpower tradable.” Bloq’s Mining Arm Titan Announces the Lumerin Protocol The bitcoin mining operation Titan, a subsidiary of the company Bloq Inc., has announced its […]

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An In Depth Look at Bitcoin’s First Chain Split: Satoshi Helps Reverse the Creation of 184 Billion BTC

Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the […]

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Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams

Messaging App Kik's Legal Battle Shines Light on Past ICO ScamsPopular messaging app Kik is shutting down due to a Securities and Exchange Commission lawsuit regarding ICO activity for the company’s cryptocurrency, kin. Ted Livingston, Founder and CEO of Kik and Kin, denies the allegations and maintains that the SEC’s case is based on mischaracterizations, but that shutdown for Kik is necessary to focus on […]

The post Messaging App Kik’s Legal Battle Shines Light on Past ICO Scams appeared first on Bitcoin News.

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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present

Bitcoin's Early Days: How Crypto's Past Is Much Different Than the PresentOver the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and […]

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Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

Jeff Garzik Subpoenaed in the Kleiman Bitcoin Lawsuit Against Craig WrightOn March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and […]

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Bitcoin History Part 10: The 184 Billion BTC Bug

Bitcoin History Part 10: The 184 Million BTC BugThere was something unusual about Bitcoin block 74638. It was Core developer Jeff Garzik who first spotted it, commenting on the “quite strange” transaction outputs, which stood at 92233720368.54 BTC apiece. That wasn’t meant to happen. Within an hour, another forum user had started a thread titled “overflow bug serious” in which he implored “We […]

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More Than 30% of BTC Traffic Stems from the Veriblock Project

More Than 30% of BTC Traffic Stems from the Veriblock ProjectOver the last few weeks, a blockchain project called Veriblock whose protocol piggybacks off the Bitcoin Core (BTC) network has sparked debate. More than a quarter of BTC’s transaction numbers stem from the Veriblock system and the project has been criticized for using the blockchain in this manner. Also Read: Orca Pool Mining Operation Aims to Defend […]

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