Sentences with phrase «for other bitcoin»

It has also raised concerns for other bitcoin apps on other platforms.

Thus once the 7nm nodes get introduced into the market arena, it won't take much time for other Bitcoin miners to follow suit and carry on the requisite upgrade.

In other words, the chance of anyone guessing the private key to spend the burnt BTC at that address is the same as the chance of guessing any private key for any other bitcoin address: practically zero.

And if they want a lot of BGold they can just wait for other Bitcoin holders to dump their BGold.

But running a hosting facility for other bitcoin miners, as Hash the Planet does, is a different matter.

Not exact matches

But the lack of privacy for Bitcoin and just about every other cryptocurrency is not only a problem for crooks, it's also a major barrier to adoption for regular people and businesses.

Cboe has been a notable crypto advocate on Wall Street, teasing additional futures markets for other cryptocurrencies and calling on the Securities and Exchange Commission to approve bitcoin - linked ETFs, as Business Insider first reported.

And they worry that, since BitLicense is the first designated set of regulations for bitcoin businesses from a single state, other states will now follow New York's example and use BitLicense as a template for their own regulatory policy.

Bitcoin gained prominence in large part thanks to the Silk Road marketplace for illegal drugs and other black - market goods, a legacy that has persisted beyond Silk Road's shutdown.

Bitcoin, like most other digital currencies, is anonymous (but not untraceable)-- which was one of its key selling points in the early days when it was perhaps best - known for buying drugs on the dark web.

From 2011, Bitcoin was best known for its association with the dark web bazaar called Silk Road, where unscrupulous folks used it to buy or sell drugs and other contraband under the guise of pseudonyms — the only basic protection Bitcoin afforded.

Colleagues said it would be used for money laundering, drugs, and other illicit activities, he says — the same criticisms lobbed at Bitcoin when it debuted.

Nasdaq said that both sides of the fork would go in the index for one day, and after that the value of the other fork would be reinvested in bitcoin and the value of the index would be adjusted.

For Karpelès, Vinnik's arrest reinforced a long - held theory: that Russian Bitcoin exchange administrators were behind a series of denial - of - service and other cyberattacks that hit Mt. Gox in 2011.

The security breach comes two months after Bitfinex was ordered to pay a $ 75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off - exchange financed commodity transactions in bitcoin and other digital currencies.

I am on the lookout for the CBOE, CME and even NASDAQ and New York Stock Exchange to shift from the current method of asset tracking to one based in blockchain, the technology behind Bitcoin and other digital currencies.

Balaji Srinivasan, Earn.com CEO and board partner at Andreessen Horowitz, gives his outlook for bitcoin and other cryptocurrencies.

Casares agreed that under no circumstances would those individuals perform day - to - day work and, indeed, would provide nothing more than strategic advice for what LifeLock understood to be Casares» personal bitcoin storage business that he intended to offer to other wealthy Silicon Valley investors.

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

When consumers and the financial industry do come on board, the Committee advises regulating it much like other financial services products, like supervising bitcoin exchanges with «requirements for business continuity planning,» and «a forum for fraud prevention and disclosure of bitcoin's risks and costs.»

If Bitcoin, in its evolution, acquires more compelling utility — making cross-border payments cheap and fast, for example, or enabling «smart» contracts that encode business relationships and automatically disburse payments — those who own stakes in the finite currency could find other would - be users, possibly even deep - pocketed corporations, clamoring to buy from them.

Using bitcoin or other virtual currency to purchase goods and services is considered exchanging property, and all the transactions must be tracked for gains and losses, said Bryan Skarlatos, a tax attorney at Kostelanetz & Fink LLP who has lectured and written about bitcoin.

Even bitcoin booster and investor Barry Silbert has argued that the next stages of bitcoin's development will involve big Wall Street banks getting in on the action by, for instance, setting up ETFs and other products that will facilitate the currency's rise.

Users can either buy bitcoins with other currencies or mine for them in computer code.

Over the past five months, Camp has been sketching out plans for a brand new cryptocurrency that aims to fix technical and other challenges plaguing existing projects, such as Bitcoin and Ethereum.

Other defenders include my former colleague at Fortune, Dan Roberts, who said the bull case outstrips the bear case for bitcoin in 2016.

Blockchain is best known for its use by cryptocurrencies like Bitcoin and others to keep track of transactions and ensure the accuracy of cryptocurrency valuations.

Almost every bitcoin or other «altcoin» transaction — mining, spending, trading, exchanging, air drops, etc. — will likely be a taxable event for U.S. tax purposes.

Analysts cite the credit tightening as being partly responsible for the downward pressure on prices of Bitcoin and many other cryptocurrencies.

The fund's green light for cryptocurrency trading comes after the price of Bitcoin, which has served as a bellwether to other cryptocurrencies, has tumbled in 2018.

Anonymity originally made bitcoin and other digital currencies popular for illegal activities, especially on the internet.

The price on Coinbase, which accounts for a third of bitcoin trading value, is often at a premium over other exchanges.

Like other Wall Street banks, JPMorgan acts as an agent for buyers and sellers of Bitcoin XBT, an exchange - traded note designed to track the value of the crypto currency.

He once mined for bitcoin, but now only trades it, along with other cryptocurrencies like ether, ripple, neo, dogecoin and XLM.

«In uses that involve a financial transaction, it makes sense to use bitcoin or some other digital currency for the same reason — by doing so, transactions can be automated and guaranteed without recourse to third parties, such as a bank.»

Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services outside of the regulated financial system.

The other is that customers can only leave margin positions open for a relatively short period of time — 27 days in the case of GDAX — which means those betting on a fall in bitcoin need it to tumble in short order, or else they will have to cover the price increase.

One attempt to launch a Bitcoin ETF was rejected by the U.S. Securities and Exchange Commission earlier this year, but plans for others are in the works.

One of the ETF companies that filed for a bitcoin ETF has looked at the ETN route and says others have been talking about it as well.

Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase efficiency.

As a result, a transaction such as trading bitcoin for another digital coin is taxable since it is considered a sale of property for cash, which is then used to buy the other cryptocurrency.

Some of the kinds of transactions that Bitcoin can support include so - called M of N transactions, which require agreement between a certain subset of a group, and can be used for escrow, mediation, or shared financial management; time - locked transactions, in which bitcoins are distributed on a strict schedule, useful for trusts or wills; and even data - conditional transactions, in which a script uses a data input such as a regular Google search to monitor real - world events that would automatically trigger disbursements or other actions.

The same rule applies for storing bitcoin in most other types of online wallets.

«Bitcoin, for us, has always been the most liquid and most popular, but there is such interest from our African traders for getting into other coins,» Rosiello said.

More and more people are buying tokens like Bitcoin and Ethereum, but very few are using them for anything other than trading.

Since the SEC rejected the application for a Bitcoin ETF a year ago, similar products have struggled to get off the ground, with two other Bitcoin ETF sponsors withdrawing their proposals last fall.

Ross Ulbricht, 30, was convicted on all seven counts he faced by a federal jury in Manhattan, following a closely - watched trial that spilled out of U.S. investigations into the use of the digital currency bitcoin for drug trafficking and other crimes.

While the fund is largely intended for three leading Bitcoin Core developers who joined the Media Lab last April, it could also support other cryptocurrency experts if there is a demonstrated need.

There's no rational reason for such moves other than some are efforting (successfully, to date) to buoy prices and calm otherwise edgy and excitable bitcoin investors.

Plug and Play Tech Center is launching an accelerator program exclusively for Bitcoin startups, and it's making other investments in the Bitcoin space as well.