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Bitcoin  is a fickle thing.  We know that it is extremely  volatile, and unpredictable. Juts like with a short temper, anything could set it off. This was put to the test recently when unsubstantiated claims were made about the currency. It was incorrectly reported that South Korea would ban Bitcoin and crypto exchanges.  The result of these false statements? The trading price of the currency went onto decline. This price drop was part of Bitcoin’s latest price correction, which saw the currency drop from $20k on some exchange to as low as $8k. However, at the time of writing, it was trading at just under $13k. Reuters was responsible for the misinformation, releasing an article on the 27th of December mentioning the ban.  They retracted their words just a couple of hours later. However, the FUD damage was done already, with the currency’s price slipping even further because of the announcement. So, what’s the right story?  South Korea will not...

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At the  Scaling Bitcoin Conference  held at  Stanford University,  Bitcoin pioneer  Nick Szabo  and former Stanford engineer Elaine Ou introduced a working method of securely sending Bitcoin transactions over radio signals. Earlier this week,  Jameson Lopp,  the lead engineer at  BitGo  and prominent Bitcoin developer,  revealed  that the presentation of Szabo entailed their  successful tests of sending Bitcoin transactions using weak signal HF radio,  by operating a Bitcoin SPV client. Similar to the Bitcoin satellite transaction broadcasting technology developed by  Blockstream, the settlement of Bitcoin transactions through HF radio signals can be more inefficient in comparison to processing Bitcoin transactions normally, over the internet.  However,  one advantage of using radio signals and Bitcoin satellites to settle transactions is its ability to reduce censorship and circumvent inter...

Crypto enthusiasts couldn’t contain their excitement when their favorite virtual currency reached, and passed, the $10k mark.  This is just another record-breaking highlight in Bitcoin’s phenomenal year, which saw the price of the currency increase by over 900%. From it’s humble beginnings at just $1k at the start of 2017, it continues to grow, even exceeding the $11k mark at times.  This level of growth is a temptation that investors around the world cannot ignore.  Google Trend shows that the term ‘buy bitcoin with credit card’ has become increasingly popular on the search engine.  In fact, on an interest scale of 1 to 100, the term is nearing the end mark. On the 26 th  of November, as Bitcoin was within touching distance of $10k, popular trading platform Coinbase, had a total of 13.3 million users.  Just two months ago, they had 10.6 million. Bitcoin fans are optimistic that this is only the beginning.  Hedge fund superstar, Mike Nov...

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