Home Bitcoin Bitcoin News Summary – December 9, 2019

Bitcoin News Summary – December 9, 2019

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Ethereum efficiently upgraded to its newest model, dubbed “Istanbul” over the weekend. The replace incorporates quite a few enhancements that tackle Ethereum’s safety in opposition to DDoS and spam assaults, fuel utilization prices, and good contract flexibility. Istanbul additionally makes Ethereum interoperable with Zcash. While the fork was extremely anticipated, the impact on the worth of ETH has up to now confirmed delicate.

$8.9 billion was moved over Bitcoin’s blockchain throughout the span of 1 hour, setting a brand new hourly report when it comes to worth transferred. The quantity was moved by the Bittrex alternate between its chilly wallets and consisted of 21 transactions of roughly 56,000 BTC every. The complete charges had been lower than $15.

Privacy-oriented blockchain net browser Brave has seen the variety of its month-to-month lively customers virtually double from 5 to 10 million in a single yr. At the identical time, the agency introduced that the variety of Brave’s day by day lively customers has tripled over the previous yr to achieve 3.3 million.  The Brave browser combines privateness with a blockchain-based mostly digital promoting platform, affords 3 to 6 instances quicker searching than different browsers whereas giving the plenty absolute management over on-line actions.

The South African Reserve Bank introduced plans to implement new guidelines for crypto to forestall the evasion of capital controls. The new guidelines are anticipated within the first quarter of 2020. Crypto demand and search curiosity are persistently excessive in South Africa, attributable to tight capital controls and a slowing financial system.

Before we conclude, this week’s “Bitcoin quick question”: Can Bitcoin survive with out the Internet?

Well, Bitcoin isn’t utterly depending on the Internet. Alternative strategies for transferring transaction info reminiscent of radio waves, mobile networks and even revolutionary strategies like Tx-tenna have been efficiently used to broadcast Bitcoin transactions. Additionally, The Blockstream Satellite community broadcasts the Bitcoin blockchain world wide 24/7 at no cost, defending in opposition to community interruptions. If you wish to learn extra about this subject simply go to this web page.

That’s what’s occurred this week in Bitcoin. See you subsequent week.

 

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