People who have paid attention to the Bitcoin network issues will know that companies have been forced to make unpopular decisions. For instance, BitPay began charging a second fee on top of regular mining costs to process Bitcoin payments. HitBTC is now charging all users a Bitcoin deposit fee, which is a very surprising turn of events. It is certainly something most people will not be too happy with, but until Bitcoin’s network issues are resolved, this situation will remain unchanged. HitBTC Demands a Bitcoin Deposit Fee Anyone who has ever used a cryptocurrency exchange will be aware of the most common fees.Powered by WPeMatico
Over the past week, there’s been heightened tension around the conversation about bitcoin fees and confirmation times. Many individuals have been complaining about unconfirmed transactions and average median transaction fees, costing $31-52 USD on December 23. With bitcoin being divisible by eight decimals, many of those decimals are rendered useless as small amounts of satoshis […]
Chinese cloud-based solutions service, Seven Stars Cloud Group, Inc. (SSC), announced this week its 27 percent purchase stake of US crypto blockchain exchange Delaware Board of Trade Holdings Inc. (DBOT). SSC is owned and run by entertainment mogul Bruno Wu, who many analysts believe is trying to get in on the near-half a trillion cryptocurrency […]
Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, […]
The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Wall Streeting Bitcoin (Chapter 3, Part 5) Bitcoin was supposed to demonstrate the power of a true free market. Instead it’s full of scams, rent-seekers, theft, useless for real purchases…. […]