Cryptolinks Cryptocurrency News Blog
Trump’s Remarks on Bitcoin Sparks a Crypto Debate Amongst Politicians
By:
Nate Urbas
24 July 2019
Donald Trump has become the first sitting US President to mention Bitcoin by name, an amazing feat given that the “magical, internet money” is just over ten years old, sparking a cryptocurrency debate amongst American politicians. President Trump is “Not a Fan of Bitcoin” While the US President’s remarks were negative, as the saying goes any publicity is good publicity. Trump wrote on Twitter, “I am not a fan of Bitcoin and other cryptocurrencies, which are not...
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Highlights from the Bitcoin 2019 and Monero Konferenco Events
By:
Nate Urbas
15 July 2019
The month of June 2019 saw two major events in the cryptocurrency space, Bitcoin 2019 and the Monero Konferenco, which looked at the major developments and future outlook for Bitcoin and Monero respectively. In this article, we outline some of the most important takeaways from these two events. Bitcoin 2019 Bitcoin 2019 took place over June 25-26 in San Francisco and was hosted by the popular crypto publication Bitcoin Magazine. Inspired by the early conferences in 2013 and...
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A Good Start to Q3 as Bitcoin Price Regains the $10,000 Handle
By:
Nate Urbas
6 July 2019
The price of bitcoin has cleared the $10,000 level once more, but where next? After reaching a high near $14,000 on June 26th, the price of bitcoin then dropped sharply below the $10,000 psychological level to a low near $9600 just six days later. Now that bitcoin has regained the critical $10,000 level, we look at the contributing factors behind the recent rally and the outlook for bitcoin’s price in Q3 and Q4 2019. What are the...
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Facebook Touts Libra as a Cryptocurrency, But is it Really a Competitor to Bitcoin?
By:
Nate Urbas
27 June 2019
On June 18, 2019 Facebook Inc. announced its own digital currency, called Libra. The announcement comes after months of speculation that one of the big tech firms would make a big move into cryptocurrency and the blockchain sector. Due to launch in 2020, Facebook touts Libra as a cryptocurrency and as an alternative to bitcoin. We look under the hood to see how the Libra digital currency works, why Libra is so controversial and whether it is a...
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What you Need to Know About Privacy Coins in 2019
By:
Nate Urbas
20 June 2019
Bitcoin’s lack of fungibility has led to the emergence of so-called “privacy coins” which allows users to make private transactions. While the open, transparent blockchain ledger of Bitcoin is one of its main strengths, it is simultaneously one of its biggest weaknesses. Transactions can be blacklisted, coins become tainted by past criminal use, and the rise of blockchain analytics means that bitcoin users are now tracked more than ever. In this article, we will give an overview of the...
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How Different is Bitcoin from 2017?
By:
Nate Urbas
23 May 2019
Volatility has reentered the price of bitcoin but how different is the network from when the price surged in 2017? We break down the metrics that quantify how strong the bitcoin network actually is. Quick take; The price of bitcoin is starting to increase at a pace similar to what was observed in 2017 The Bitcoin network today is far more secure than the one in 2017 with more hash rate and a greater distribution of hash rate in...
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Binance Consider Reorg After $40 Million Hack… Does it Make Sense?
By:
Nate Urbas
14 May 2019
Quick Take: Debate and discussion are sparked after Binance consider reorganizing the Bitcoin blockchain to recover funds stolen from a hacker A number of analysts break down the incentives behind executing a reorg and the feasibility that one could be successfully pulled off The users are noted to play an important role in incentivising miners not to coordinate a reorg The largest exchange by average daily trading volume, Binance, has been hacked for the equivalent of $40 million. The...
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Tether Reserves in Question and Bitfinex to Complete IEO Amid Major Lawsuit
By:
Nate Urbas
8 May 2019
Key takeaways: Tether has a long and tumultuous history with questions over their funds being raised for several years The New York Attorney Generals Office (NYAG) is now suing the company behind both Tether and Bitfinex with evidence that Bitfinex lost access to $850 million of depositors money Bitfinex is issuing an IEO to raise funds to cover the $850 million in funds which it turns out to have been frozen by a number of governments while in the control...
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Will China Ban Cryptocurrency Mining?
By:
Nate Urbas
1 May 2019
A government body in China has put forward a proposal to ban cryptocurrency mining. With the proposal currently open for public comment, we analyze the likely reasons for the proposal and the impact, it would likely have if it goes through. Key Takeaways: ● China’s NDRC is considering banning cryptocurrency mining ● With 60% of bitcoin mining estimated to be taking place in China, such a ban would likely result in a drastic drop in hash rate ● There...
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Will IEOs Match the ICO Craze? ICO Vs IEO
By:
Nate Urbas
27 April 2019
The decentralized fundraising flame is being rekindled as the latest niche of fundraising through blockchain technology is introduced. TLDR; IEOs are fundamentally very similar to ICOs We are seeing a number of exchanges dedicate divisions to launching IEOs Although IEOs provide increased protection against some of the more nefarious projects, there are still high amounts of risks associated with such token sales The latest trend to take up in the wild world of cryptocurrency businesses is a new fundraising...
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