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Today In Data: The Story Behind The Bitcoin Story

PYMNTS

Here are some of the numbers behind the cryptocurrency. 10 | Transactions included in one data block of bitcoin’s Satoshi blockchain. Because the miners who validate them can’t start on a new block until the previous one is finished, this cap has been creating a massive backlog. 182% | Increase in bitcoin value in 2017.

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Bitcoin Halving to Strengthen the Crypto’s Longevity as Industry Reveals Impact of the Event

The Fintech Times

It is a concept written into the cryptocurrency’s algorithm to counteract inflation. When Bitcoin was initially introduced in 2009, each time a miner added a new block to the blockchain, they were rewarded with 50 BTC. As a result, when roughly 210,000 blocks had been added, Bitcoin underwent its first halving in November 2012.

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Bitcoin Gets Second (Or Third, Or Fourth) Wind

PYMNTS

Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Bitcoin got a huge jump on Monday (May 13), up 25 percent on the day, though there was no news specific to the cryptocurrency. As that happens, miners get 12.5

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Bitcoin Tracker: Tale Of Two Bitcoins

PYMNTS

While last week the popular cryptocurrency had recovered from a 17 percent loss in the first hour post-SEC rejection, trading into Friday (March 17) saw bitcoin heading downward once more. The popular cryptocurrency’s estimated market cap sat at just above $16.9 At the time of writing, one bitcoin was worth $1,039.93, up 0.24

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For Crypto At Scale, Look To Blockchain … And Academia?

PYMNTS

News comes that a number of high-powered bastions of higher learning have banded together to bring cryptocurrencies to the mainstream, in a way that bitcoin seemingly cannot, eyeing scale and processing speed. — might academics succeed where entrepreneurs have not, at least so far?

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South Korea Detains Head Of Coinnest, Other Crypt Exchange For Embezzlement

PYMNTS

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. The action on the part of South Korean prosecutors is the latest in a series of raids the country has been conducting on the largest cryptocurrency exchanges.

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Bitcoin Daily: Companies Give Crypto Ads The Boot, Ford Gets Vehicle-To-Vehicle Crypto Patent

PYMNTS

Bitcoin fell below the $8,000 level on Tuesday (March 27), CCN reported – and the cryptocurrency market as a whole could fall below a market cap of $300 million. The technology would use cryptocurrency – in what has been dubbed a Cooperatively Managed Merge and Pass (CMMP) system – to allow communication between vehicles.

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