Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for acquiring 50% of the bitcoins in circulation. Not too long ago, cryptocurrency proponents witnessed the Bitcoin (BTC) network’s third halving,…

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‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

‘Running Drivenet:’ Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network

During the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years now, and just recently Sztorc published a new version of the Drivenet software. On June 29, the Bitcoin proponent John Light tweeted “Running Drivenet” on Twitter, letting the public know about the application’s “important benefits.” During the last five years scaling concepts,…

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Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition

Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition

Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year before. Localbitcoins did not provide detail about net profit. The Finnish marketplace said about $2.8 billion in volume was traded from 15.6 million transactions. Localbitcoins added 1.46 million new users last year, it stated. But stricter know-your-customer (KYC) requirements…

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Why Dark Web Markets Aren’t Safe for Criminals Anymore

Why Dark Web Markets Aren’t Safe for Criminals Anymore

  A new study has revealed that the dark web marketplace isn’t as safe for users’ anonymity as it was believed to be due to the simple fact that authorities are cracking down on the presence of online marketplaces, which makes it hard to keep the constant and reliable presence.  According to the study published by the cybersecurity company Trend Micro, the crackdown on marketplaces like Dream Market, Wall Street Market, DeepDotWeb, and Valhalla has…

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