Archiwa tagu: cash

Could both and domains have both been registered by Satoshi?

One thing I have always found rather peculiar about the initial communications from Satoshi in his first mail to Wei Dai on 8/22/08 was that he refers to his project as „Electronic Cash” and then he later substitutes this to „Bitcoin” when publishing the white paper. I find this odd considering that he had already registered the domain on 8/18/08, so he must have already had the idea in his head at the time of the email that it would be called Bitcoin. The other thing I noticed was that the domain was also registered anonymously less than a month prior on 7/20/08. What are the odds that somebody else just happened to buy up that domain right at the same time? Has anybody connected these 2 domains together before and is there any further information which could shine a light on the identify of Satoshi?
One other small point…in a bitcointalk post by Satoshi, he mentions that open sourced projects should use .org domains as opposed to .com. If Satoshi’s original email to Wei Dai reflects the initial name he was considering, he very possible would have registered

Making mining profitable with PKT Cash

Mining forms the cornerstone for all Proof-of-Work blockchains. While it started out as a well-paid hobby for early adopters of crypto, it has evolved into a sector that secures over one trillion doll

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Remittance firms hesitant to support BTC despite legal tender law in El Salvador

Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender.

Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC.

Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance firms are unlikely to launch support for Bitcoin and other crypto assets until prompted to do so by customer demand, likely creating a stalemate for the local payments industry.

“For Western Union and some of the other remittance providers, keep in mind that most of the volume in the remittance industry is going from developed markets to emerging markets primarily to people — families and friends — that operate in cash,” he said.

Suchoski estimates that less than 1% of global cross-border remittances are conducted using crypto assets, adding:

“To the extent that bitcoin isn’t adopted and there’s not widespread acceptance, these remittance providers are still going to be relevant for the years to come.”

Global payments firm, MoneyGram International, also emphasized the challenge of navigating undeveloped infrastructure enabling ramps between crypto assets and local fiat currencies in emerging economies.

“We’ve built a bridge to connect bitcoin and other digital currencies to local fiat currency,” a MoneyGram representative told Reuters, adding:

„As crypto and digital currencies rise in prominence, a core barrier to further growth is the on/off ramps to local fiat currencies.”

Last month, MoneyGram revealed a partnership with Coinme to enable users to buy and sell crypto assets using USD at 12,000 retail locations across the United States.

Related: El Salvador’s Bitcoin adoption may jeopardize IMF negotiations: JPMorgan

Suchoski also emphasized the compliance burden of supporting crypto assets for payments firms, noting that Western Union’s annual compliance costs had nearly doubled from around $100 million to $200 million over roughly the past decade.

Chainlink, Bitcoin Cash, Uniswap Price Analysis : 13 June

The last 24 hours had been significantly bearish for the market. The 24-hour trading volume fell by 15% to $79.1 billion. Bitcoin along with almost every other altcoin was trading in red including Cha

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Bitcoin Cash, MATIC, Filecoin Price Analysis: 11 June

Bitcoin Cash awaited a hike above $645 to initiate a rally, but first had to counter selling pressure. MATIC presented key levels to retake in order to trigger a 30% hike on the charts. Finally, Filec

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Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650

Bitcoin cash price is struggling to gain momentum above $650 and $700 against the US Dollar. The price is now trading well below $650 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $650 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).

The post Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 appeared first on Live Bitcoin News.

Bitcoin Cash, Ethereum Classic, Litecoin Price Analysis : 10 June

Total market capitalization rose by 6% in the last 24 hours thanks to positive cues from the market and news. Ethereum Classic received its new Mantis update, LocalBitcoins recently added Bitcoin Cash

The post Bitcoin Cash, Ethereum Classic, Litecoin Price Analysis : 10 June appeared first on AMBCrypto.

Payout address format has changed?

When I run bitcoin-qt, it sets up a default wallet. When I ask it for the recipient address for this wallet, I was expecting something like 1FGasdfasdfasdf123asdfasdf. However what it actually provides is BC1QNZasdfasdfasdf… In fact there seems to be no way to induce bitcoin-qt to divulge an address in the form of 1FGasdfasdfasdf123asdf… Can someone clear up what the BC prefix is all about? I’m using the main Bitcoin blockchain (350 GB in size), not Bitcoin Cash..