Posts

ad

Today in Data: Bitcoin’s Weekend Surge

t’s been quite the year for cryptocurrencies, and the one that seems to be at the top of the group saw a jump in stock price this weekend. Bitcoin started off 2017 at a seemingly reasonable price point for its shares but then steadily saw an increase over the next few months. Then it plateaued. As confidence in cryptocurrencies seemingly waned over the summer months, recent events have helped reassure those looking to invest. TechCrunch is pointing to a combination of the hard fork development of Bitcoin Cash and the increase in initial coin offerings (ICOs) as the reasons for  Bitcoin’s surge over the weekend. Here are the numbers: $180 million | Amount raised by blockchain-based storage network and cryptocurrency Filecoin in its ICO $4,135 | Amount bitcoin price surged to this weekend $3,700 | Amount bitcoin began trading at going into the weekend $3,000 | All time high of bitcoin just over a week ago $1,000 | Amount bitcoin traded at the beginning of 2017

Germany’s Largest Bitcoin Exchange Hands Over Customer Data Voluntarily

Image
According to regional reports, Germany’s largest bitcoin exchange Bitcoin.de has been giving customer data to investigators without a warrant. Also read: Indian Government May Take Immediate Steps to Stop Bitcoin Use  The biggest bitcoin marketplace in Germany, Bitcoin.de, has been giving customer data to German police voluntarily. According to the country’s regional Motherboard publication, investigators in the region have been dedicating energy towards taking down darknet markets. The report details it is “easy for police to access user data” from the Bitcoin.de exchange. Data given to police includes bitcoin addresses, names, associated emails, locations, account summaries, IP addresses, and login history. One customer, Stephan Jansen from Southern Germany is not pleased with Bitcoin.de’s voluntary disclosure. “I am speechless,” explains Jansen. “I thought this is a serious company and that my data is safe there.”     Bitcoin.de tells the publication that its “legal repor

Data boost pushes Bitcoin through $4,000 barrier

The largest digital tender jumped to a peak of $4,216 on Monday, a gain of nearly 18pc since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week. The solution - SegWit2x - had been so contentious that a new version of the asset called Bitcoin Cash was spun off earlier this month in opposition. The split grew out of the tension between growing demand for the virtual currency and some of the design features that had fuelled that popularity - the decentralised verification procedures that ensured against hacking and government oversight. While this month's confrontation ended up as little more than a speed bump in bitcoin's more than 300pc rally in 2017, concerns remain around the capacity to increase transaction volumes. "Up until now a lot of people didn't really believe bitcoin could go any higher until the scaling issue is resolved," said Arthur Hayes, Hong Kong-based founder of bitcoin exchange Bi

ad2