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Bitcoin’s Inverse Relationship to the US Dollar Is Breaking Down

Despite the dollar’s 2016 gains and year-end rate hike, Bitcoin still outpaced the global reserve currency in 2016 in price terms. Bitcoin’s “inverse relationship to the Dollar” seemingly no longer persists.  Also Read: Here Are Bitcoin’s 8 Fastest Growing Markets The Only Fed Rate Bitcoin Has Ever Known Record low interest rates between December 2008 and December 2016 created unprecedented economic conditions globally – in fact, the only economic conditions the cryptocurrency Bitcoin, which was released January 2009, had ever known. “Since its inception,” itBit writes in an August 2015 report when the federal funds rate remained at a record low 0.25%, “Bitcoin has existed in a zero interest rate environment. …

Meet Tumblebit: The Unlinkable Payment Hub

There are lots of development projects in the bitcoin space. One of them may help the cryptocurrency’s fungibility significantly. A proof-of-concept called Tumblebit has the bitcoin community excited because it may provide a trustless anonymous payment hub. Also read: Remittance-Demanding Countries Dominate Bitcoin Searches in 2016 The Progression Towards a Fungible Digital Asset Privacy and fungibility is an essential foundation to many members of the bitcoin community. However, blockchain surveillance has increased quite a bit with many companies such as Elliptic, Chainalysis and more building tracking software. The firms are also working directly with law enforcement and governments worldwide who seek to learn how to monitor cryptocurrency transactions. Currently, all transactions …

New Image Hosting Service Pays Thousands of Uploaders in Bitcoin

Image hosting is one of the latest applications that bitcoin has improved upon, thanks to one-month-old Supload. The service shares advertiser revenues with its users in bitcoin. Bitcoin.com reached out to Mike Reilly, Supload co-founder and website programmer. He recently announced that his site paid out “nearly 2 BTC worldwide to our users, including many first time Bitcoin users.”  Also read: Here Are Bitcoin’s 8 Fastest Growing Markets  What is Supload? Supload is an image hosting service much like the popular website Imgur. It allows users to upload photos such as memes and animated gifs to their board, hosting them for free. Users are then given unique links to share or to insert …

Changelly and WINGS Foundation Partner to Provide Seamless Multi-Currency Support for Blockchain Crowdfunding

This is a paid press release and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor supports this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Projects using WINGS, a next-generation crowdfunding platform, can take advantage of Changelly’s …

2016 Big Year for Ransomware – 70% Pays in This $1 Billion Industry

Up to this point, there have been two main reasons people decide to use bitcoin— either for censorship-resistant payments or as a store of value. However, in 2016, a new application for the use of Bitcoin as a censorship-resistant payment system, ransomware, experienced immense growth.  According to some industry watchers the core issue with ransomware today is the general lack of strong security practices. Ransomware is a type of malware that either encrypts a user’s files or completely locks them out of a computer. The only way to regain access to the files or computer is to pay a ransom to the hacker. Also read: 80% of Businesses Lose to …

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