An article appeared on the BitMEX blog this week comparing competition to the Bitcoin Core software project. It concluded that, even if the Bitcoin Core repository were hijacked or deleted, Bitcoin should remain largely unaffected. Competing Approaches BitMEX initially considered three different ways to compete with the Core project prior to examining at arguments for and against them. The types of competing projects fall into the following categories: Competition between chains: A competing project which deliberately changes
Bitcoin, along with the wider cryptocurrency market took a tumble as the Dow, S&P 500, and Nasdaq take a beating for the second day in a row. Bitcoin Price Market Overview Bitcoin (BTC) finally decided to make its move after the 50/50 market we’ve had for the past two weeks. The weak volume is a big indication that the market was very indecisive about which way it wanted to move, and also makes the market
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ICOs have managed to sell almost as much Ethereum (ETH) in terms of US dollars as they have raised, new research shows. Even with the current rates of ETH, projects are sitting on unrealized profits, rather than actual losses. Most of the Raised ETH Is Already Sold According to a new research brought forward by Hong Kong cryptocurrency exchange in partnership with analytics resource TokenAnalyst, initial coin offerings (ICOs), which raised ETH throughout their crowdfunding
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Noble Bank, the “non-fractional reserves” institution which was once the primary reserve bank for Tether (USDT), is facing competition from other banks amid claims it is “no longer profitable.” Non-Fractional And Non-Profitable? As Bloomberg reports October 1, Noble, registered in Puerto Rico, is now seeking a buyer on the back of the back of lax revenues stemming from 2018’s prolonged cryptocurrency bear market. Most importantly, according to an unidentified source, the bank’s major clients —
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Bitcoin now has over 40 hard forks resulting in spin-off tokens, new research reveals, while sentiment suggests most will suffer the fate of most historical altcoins. Bitcoin’s ‘Moved On’ From Hard Forks Being a ‘Bitcoin maximalist’ may not be as crazy as you think. In the latest installment of its market research, Hong Kong based trading platform BitMEX identified 42 struggling tokens, which “seem to have forked away from Bitcoin.” All coming after the network’s first
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