This Chinese Whale Lost $45 Million in Bitcoin and BCH Overnight: How it Happened

One of the rallying cries Bitcoin’s most fervent advocates use to promote the cryptocurrency is “become your own bank.” Indeed, this nascent technology allows you to complete the basic functions of modern banks: receive transactions, store capital, and send transactions (and also verify/process transactions if you want to become a miner). While many libertarians see …

How Bitcoin Optech Is Connecting the Open-Source and Corporate Worlds

Bitcoin Core and other open-source projects have, over the years, built a range of technologies to improve Bitcoin scaling and the general Bitcoin user experience. With examples including Segregated Witness (SegWit), Replace-By-Fee and the Lightning Network, Bitcoin users have a number of tools at their disposal to utilize the Bitcoin blockchain as best and efficiently …

Why FOSS Development Is Crucial for Bitcoin’s Mainstream Acceptance

Crypto likes to see itself as disruptive, just as Apple disrupted mobile phones (and the camera), Tesla disrupted automotive (and also sustainable energy), Twitter/Facebook/WhatsApp disrupted media and communications (and also digital community building). At OKCoin, we embrace this industry because we also believe that bitcoin and subsequent cryptocurrencies represent a paradigm shift in both our …

RippleNet Partner Expands Remittance Network With Austrian Post Deal

Remittance provider and RippleNet partner, Ria Money Transfer, has expanded its network through a partnership with Austrian Post’s bank99 subsidiary. The link up means that Ria will begin to offer its services through an additional 700 Austrian Post branches and partner locations. Bringing International Remittances To Austrian Post Office’s ‘bank99’ is Austrian Post’s new banking and …

Microsoft’s ION Is an Open-Source Bet on Bitcoin

Open-source development has always enjoyed a little juice from the private sector. One of the most notable examples is Red Hat Software, a multibillion dollar corporation that has built open-source software for the international community. It was purchased by IBM in 2019 but still carries out its original function. Microsoft is another example of a …

Two Asian Crypto Exchange Giants Partner to Expand Global Reach

South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax.io. This move will create new opportunities to reach global traders and investors. BOTH EXCHANGES EXPERIENCING GROWTH The two exchanges are among the most popular in terms of liquidity, with each having over USD $350 million in adjusted trading volume per day. …

Tron CEO Failed to Convince Warren Buffet on the Merits of Bitcoin

Bitcoin makes a poor investment choice, well that’s according to the famed investor, Warren Buffet. Who sees more benefit in buying land over buying the number one cryptocurrency. Sun and Buffet Finally Lunch Together Each year, business magnate, Warren Buffett auctions a charity lunch in honor of the Glide Foundation, a San Francisco based charity …