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81% of Bitcoins Already Mined, Last Bitcoin to Be Mined Around 2140

bitcoin mining, cryptocurrency, block reward

As of this writing, 17,058,387 Bitcoins have been mined, 81.23% of all the Bitcoins that will ever exist. In total there will be 21 million Bitcoins after all mining is completed, which should occur around 2140. The relatively low rate of Bitcoin mining from here on out will be conducive to Bitcoin’s price rising. A major benefit of Bitcoin is …

Filippo Cingolani’s Mansion to Trade for $42 Million on Blockchain

Mansion, real estate

The architect Giacomo Della Porta is known for his extravagant architecture throughout the UNESCO heritage site in the early 1600s. The Palazzetto inside the Palazzo Albertoni Spinola is valued at around USD 42 million. Hilton & Hyland real estate brokerage and blockchain startup Propy will be hosting the auction. Propy CEO Natalia Karayaneva confirmed that bids for the mansion can be in either cryptocurrencies or …

Apprentice’s Alan Sugar Warns of “Ruthless” Crypto Scammers and Fake News

fraud, scam, bitcoin, cryptocurrency, apprentice

Alan Sugar, British Entrepreneur, and presenter of TV’s ‘The Apprentice’, talking to the UK’s Mail on Sunday, has said that scam cryptocurrency deals targeting celebrities is becoming a routine for many prominent business people, according to This is Money. The 74-year-old billionaire and founder of computer electronics company Amstrad became Britain’s answer to Donald Trump who presented the original US …

Man Threw Away $60 Millions Worth of Bitcoin, But Global Losses Amount to $25 Billion

bitcoin, cryptocurrency, losses

Crypto investor James Howells became another victim of not managing his cryptocurrency carefully when he threw away his hard drive, which would now be worth around $60 million dollars, reports the New York Post. Lost cryptocurrency is not a new phenomenon. Matthew Mellon, one time head of New York Republican State Committee’s finance committee, related to the founder of Mellon …

Over $1 Billion Crypto Stolen Worldwide in Last 18 Months as GDPR Activates

The Anti-Phishing Working Group (APWG) estimate that over $1 billion (US) in crypto has been stolen since the start of 2017, states Blockchain Security Company — CipherTrace. This recent surge has led to numerous global investigations, aiming to bring the criminals resposible to justice. According to CityWire, the UK’s Financial Conduct Authority is reported to have opened 24 investigations into …

Largest Natural Gas Company in Czech Republic to Accept Bitcoin

natural gas, bitcoin, czech republic, utility bills,

The largest natural gas company in the Czech Republic, Pražská plynárenská, has announced that they will begin accepting Bitcoin payments by June according to their Chief Executive Officer Pavel Janeček. Pražská plynárenská serves more than 420,000 customers in the Czech Republic. This announcement came shortly after the company announced record profits of 53.9 million USD, up 30 million USD compared to the …

“Batching” Bitcoin Transactions Makes Blockchain More Efficient

bitcoink, mining, batching, mmining fee

Batching multiple Bitcoin payments into one transaction is becoming a popular trend. The practice makes the blockchain more efficient by reducing the amount of data needed to send each payment, which in turn reduces transaction fees for each payment. As more people batch their payments, the block space is available for other transactions, allowing more Bitcoin transactions per block while …

Quantum Computing Will Drastically Alter Cryptocurrency Paradigm

quantum computing, cryptocurrency, bitcoin

Quantum computing is quickly becoming a reality and will change the cryptocurrency world forever. Eventually, Bitcoin and all other cryptocurrencies will potentially be compromised by the advent of quantum computers; the cryptography securing modern day cryptocurrencies will be quite susceptible to quantum attacks and experts think this is inevitable in the future. Classical computers function by using bits, which can …

SegWit Transactions Rapidly Increasing on Bitcoin Network

The percentage of transactions which utilize the SegWit (Segregated Witness) protocol has been rapidly increasing on the Bitcoin network and now sits at 38%, amid news that the Xapo Bitcoin wallet & vault has activated SegWit. Xapo stores over 10 billion USD of Bitcoin, which is larger than the holdings of most banks in the United States. Xapo dominates the …

Billionaire VC Tim Draper Busts a Crypto Rhyme at Amsterdam Conference

Billionaire Venture Capitalist and crypto pundit Tim Draper is never far from the news, and as such has lived up to expectations with an on-stage interview and impromptu rap at a recent Dutch tech conference, reports Bloomberg. His way out of tune crypto rap at the TNW Conference Europe 2018 Tech Conference at Westerpark in Amsterdam followed an on-stage interview. …

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