Bitcoin Use on Darknet Markets Jumps 65% to Over $400 Million in First Quarter

Bitcoin transactions on darknet markets jumped 65% in value during the first quarter to $411 million, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to mixers also grew rapidly as exchanges with verification requirements became less popular among darknet users. Growing Bitcoin Use on Darknet Markets Crystal Blockchain’s analytics team published on Tuesday an analysis of the use of bitcoin on darknet markets. The researchers analyzed darknet interactions with exchanges and “other entities” throughout Q1 2020. The data obtained were then compared…

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Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009

On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto. However, skeptics believe that even though the coins stemmed from an address a touch over a month old from the time Nakamoto bootstrapped the Bitcoin network, it may have been someone else who mined alongside the creator. The Incredible Fascination With Bitcoin Block 3,654 The creator of…

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Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of the $6.98 trillion from the Fed’s balance sheet. Five unelected people from the New York Federal Reserve and its shareholders’ JPMorgan Chase, Citigroup, Goldman Sachs, and Morgan Stanley created trillions of dollars without permission from…

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Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day. Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token Bitcoin.com Exchange traders can now access a new Ethereum-based inverse token created by the company Amun. Our cryptocurrency trading platform has added BTCSHORT so traders can gain exposure to the inverse or -1x the daily…

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Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving

Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected the equivalent of 1,176 BTC in transaction fees since Bitcoin’s third supply cut on May 11. That compares with 818 BTC earned as fees in April and 1,251 BTC in March, the figures show. Miners reap fewer bitcoin with each halving. The…

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FastBitcoins Launches Dollar-Cost Averaging Feature

So far, Bitcoin adoption in 2020 has been defined by the phenomenon of “stacking sats.” The notion of quickly and seamlessly converting fiat into bitcoin in small, regular increments has lowered a perceived barrier that BTC investment requires large, single purchases and has encouraged Bitcoiners to build up their HODLings on a regular basis. Of the handful of services that allow users to stack sats, FastBitcoins may be filling a unique niche. It offers in-person bitcoin buying in physical outlets, where users can directly convert their fiat cash into BTC.…

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Hyperblock Bitcoin Mining Servers and Datacenter Infrastructure to Be Auctioned off in Public Sale

Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased all cryptocurrency mining operations. Hyperblock Equipment Public Sale The senior secured lenders to Hyperblock LLC, Project Spokane and Sean Walsh, will conduct a public sale of the company’s property on June 3, 2020 via conference call (see notice here for details). On auction…

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