Tor-enabled Bitcoin nodes are back after bug on network

 Anonymous Tor-enabled Bitcoin nodes normally make up as much as 25% of totally reachable Bitcoin nodes.

According to the latest data from node monitoring resource Bitnodes, Tor-enabled Bitcoin (BTC) nodes are back to normal following almost a full-swing crash in early January 2021. As of Jan. 13, the number of reachable Tor-based BTC nodes amounted to 2,581, up from as few as 122 nodes on Jan. 9.

Flash coin BTC Scammers, Don't let this happen to you.

 

Guys, be careful this 2021 and wait for at least one confirmation before you pay. If the seller is sending from an external wallet. Flash coin sellers are cashing out. They just scammed a  guy N4,000,000. The funniest part is this, he has gone to the Police station trying to block and so on. Police said he should come back on Monday and also later asked him to pay some amount of money in other to help him track down the scammer. 

One can bet the flash coin seller already cleaned that money via a 3rd party and now leaving both sellers and buyers as victims.

Always do any kind of KYC(Know your customer) before you sell BTC or buy from sellers.

Also, change your Wallet address each time you receive BTC with it. Some Thieves watch your wallet incoming BTC on Blockchain explorer and send a screenshot of fake payment, imitating a real sender.

Always generate a new wallet address each time.

What is Flash Coin and how is the scam done by scammer.

The scammer uses a kind of old software that imitates BTC(Probably one of the old coins that halved but could not continue mining BTC) to send out fake BTC that will never get confirmed on the BTC network.

The picture above is a sample of one of the app or software being used by the scammer to con unsuspected buyers. Once the buyer pays without waiting for confirmation, it means the buyer has lost.

A buyer must wait for at least one confirmation before making payment to the seller's account in other not to fall for these flash coin sellers.

How Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit

 

A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them?

Crypto Crime Takes A Bow But Is Just As Active Behind The CurtainDue to the lowered frequency and severity of big crypto exchange hacks compared to the past, Bitcoin-related hacks have since cooled off in the media.Phishing attempts, ransomware, and SIM-card hacks are just three examples of crypto-related crime that isn’t widely covered. 

Comparing Bitcoin to Stocks

 

  Let’s extend this comparison to stocks so that we can better understand the pros and cons of the two asset classes.

classes.

Chinese Authority Freezes Thousands of Cryptocurrency Traders' Bank Accounts

Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if the authority finds no evidence of illicit activities.

Almost ₦3.24 Trillion ($9 Billion) Worth of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were shifted the blockchain in one single hour, excluding change volume, that will be Bitcoin that returns to the sender.

Bitcoin's high transaction volume was stated by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that this kind of high hourly transaction value was an initial for the network:


“It's the highest hourly USD transaction volume in Bitcoin's history.”

Must read: Check out Top 5 Tips for New Bitcoin Investors

Buying Bitcoin (BTC) could be very intimidating if you're only researching its existence now. In reality, taking the plunge and entering the cryptocurrency sphere is really a risk for anybody, with or without investment experience. The reason being the crypto space does not have any centralized authority to steer investors. Rumors, hype and horror stories dominate the net, and separating fact from hearsay could be difficult at times.

Like any business venture, you need to never get the feet wet and soon you have all the important points straight. Many Bitcoin investors who took losses will agree that they did not do their research. Riding on rumors and hearsay is setting yourself up for failure.

However, the cryptocurrency community can be found in handy for inquiries. You're better off conversing with individuals who are already in the crypto space. As a student, you have got resources to discover all there's to understand about Buying Bitcoins in Nigeria or elsewhere. As you discover approaches to invest, don't forget to watch in your academic performance, but when it will start to suffer, online writing services help ensure you maintain above-average performance.

Buy Bitcoins In Nigeria Blog (BBNB) brings you Top 5 Tips for New Bitcoin Investors to looking into before taking the dive.

Continue reading after the page break

Will Bitcoin hit ₦36mln($100k) mark after the 2020 Halving?

Will Bitcoin skyrocket after the 2020 Halving like in 2016?

 Bitcoin saw massive growth after the 2016 halving.

On May 20th 2020, the 3rd Bitcoin halving will occur. 50% less Bitcoins is going to be generated every 10 minutes and this can change the worthiness of Bitcoin. Forever.

This is known as a “Halving” and it has occurred twice, everytime boosting Bitcoins price by at the least 10x. Despite increased awareness over Bitcoin, not a lot of people be seemingly speaking frankly about this.

Half Of All Bitcoins Are Spread Across 1,800 Wallets

The Bitcoin Whales Are Slowly Increasing Their Dominance, As Opposed To Retail Holders And Investors

The conducted research by PARISQ (a blockchain monitoring and compliance organization), stated that half of the entire BTCs in circulation is being held by only 1,800 wallets. The concentration of Bitcoins is 50 times higher than the concentration of global wealth, shows the report. Ethereum is even more concentrated – the ratio between Ethereum and global wealth concentration is 300:1.

Top Stories This Week: Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug. 19–25

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

What is BLOCKCHAIN? The best explanation of blockchain technology

Price of BTC drop and forcast !

*What really influenced the drop in the price of Bitcoin from its all-time high to where it is at now, and do you think it will get back to $20,000 or even higher?*

The drop in Bitcoin was due to those 4 reason:

Why bitcoin — by design — won’t become worthless, according to this crypto heavyweight

Bitcoin protocol is set up to be adjusted as mining conditions worsen, says teaching fellow Andreas Antonopoulos

 

As bitcoin flounders to its lowest level in 14 months, concerns over mining profitability have some wondering if the best-known cryptocurrency is headed for a hard landing as those solving the complicated puzzles hit the off-switch on their energy-guzzling mining equipment.

The price of a single bitcoin BTCUSD, -6.17%  has fallen 75% in 2018 and is down more than 80% from its all-time high.

Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Group

The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.

Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market.

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It

On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate.

As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto's invention is little more than a “fraud,” the CEO told the audience:

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade

Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin(BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21.

Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”:

Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

South Korea’s Supreme Court: Bitcoin is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year.

In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography. Operating a website since 2013, Ahn was arrested in May of 2017 for disseminating some 235,000 obscene files. Even though the court handed Ahn a guilty verdict and 18 months in prison for his actions, it did not confiscate the 216 bitcoins Ahn accumulated in exchange for the porn.

Expert: Why People Should not Listen To Warren Buffet

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

If you would like to contribute an Expert Take, please email your ideas and CV to us

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of  BuybitcoinsinNigeria.. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.