Bitcoin Reddit Now Have Over 1 Million Subscribers

The Bitcoin subreddit has reach a new milestone in its existence reaching more than 1 million subscribers as of December 2, 2018.

This was pointed out by Bitcoin moderator BashCo. Some subscribers such as Adamant Capital founder Tuur Demeester took to twitter to congratulate users on the achievement stating that he still remembers when there were only a few thousands subscribers not too long ago.

The subreddit has been a popular spot where people can exchange ideas and information about bitcoin as well as the wider range of topics that is related to cryptocurrencies and its underlying technology.

The most popular posts include concerns about bitcoin recent price movements as well as some bitcoin holders not holding the asset long enough to catch a major bull ran.

But not all top post are positive posts as one of them reminds people of recklessly investing in bitcoin.

One cannot deny that the subreddit has contributed to spreading awareness about bitcoin and cryptocurrency at large.

However some other reddit users have expressed dismay on some of the bitcoin moderators and accuse them of heavily censoring discussions that were not in line with their own opinions prompting them to create other Reddit communities such as Ethereum, Monero, Ripple and Dogecoin who has become active subreddit communities as well.

Roger Ver Takes Time Off From Bitcoin Cash War

In a recent interview, Roger Ver has stayed away from the controversy of Bitcoin Cash War and expressed a more positive tone for the future of cryptocurrencies ecosystem in the near future.

The crypto bull who is widely known as Bitcoin Jesus states that in the long term the future of cryptocurrencies is brighter than ever.

He explains that despite current market slump on digital assets there are more awareness and adoption going on.

There are a lot of developments happening around the crypto eco system.

Many would agree with him as there had been a spate of infrastructural development built around cryptocurrencies in the past few months despite the crypto eco system losing much of its value from the all-time-high late 2017 and early 2018.

In as seemingly change of tune Ver side stepped a question about the contentious BCH hard fork and its effects on its price.

He believes that they need to build an economy base on the use of cryptocurrencies as currencies rather than an asset that for speculating.

He further explains that he thinks that is the goal of both of Bitcoin Cash (ABC) as well as SV camp.

He concluded the interview by wishing cryptocurrency projects good luck if they are trying to bring more economic freedom to the world by making themselves useful as currencies for the world.

Bitcoin Mining Difficulty Adjustment

As the price of Bitcoin gradually decline in the last few months so does the number of Bitcoin miners who are willing to mine the said digital asset.

Although this is not a cause for alarm in the near future but might be a major issue in the future as crypto mining is a critical part of the ecosystem to ensure that the bitcoin network is secure against attacks.

The declining mining hash is a solid proof that indeed some miners are already turning off their mining operations temporarily or going out of business altogether due to declining prices or competitiveness in crypto mining industry.

However in a move that is seen as some sort of reprieve to the industry the difficulty in mining blocks have decreased by as much as 15 percent which is the same amount of hashing power decrease we have seen in mining.

According to XDEX Chief Analyst, Fernando Ulrich, the event marks the second largest mining difficulty with about 15.1% drop.

The highest drop was in 2011 where it decreased about 18%.

The lowering mining difficulty is not cause for alarm nor a bug that should be addressed.

Arianna Simpson reminding everyone in twitter that the fact that miners are shutting down (lowering of hash power) and difficulty is decreasing is a feature that bitcoin was designed to do in an event like this.

Ohio Funds To Invest Millions In Blockchain Initiatives

It has been reported that funds around Ohio are interested in investing a substantial amount on blockchain initiatives in the state.

These funds include Technology funds such as Jumpstart, FlashStarts and as well as several others.

According to the CEO of JumpStart, his organization together with 6 other groups is willing to invest $100 million, while Jumpstart is offering a $6 million pre-seed fund.

This was reported by an online local news portal.

The announcement of the support comes from the recently concluded Blockland Solutions Conference in Cleveland, Ohio.

One of the organizers of the said conference, Bernie Moreno revealed that investors are interested in startups that focus on blockchain’s role in business or government solutions.

The co-chair of Blockland’s Talent Development node, Brenda Kirk, states that Cleveland is well suited to expand its technology ecosystem, and the success of the blockland conference shows the dedication of the organizers to be a the forefront of the blockchain though leadership.

Coinbase’s Paypal Integration

The U.S.-based cryptocurrency giant firm, Coinbase has clandestinely added Paypal as one of the method of withdrawal and selling for its users.

Its customers now can withdraw fiat directly into a PayPal Account.

The feature is seen as another customer-focused move as customers will not need to use a bank account to move their digital asset to fiat.

Users however need to verify their identity and country of residence.

It seems that the feature is not yet available to all countries where Coinbase is currently operating as it is only available to select countries.

Current efforts to clarify which countries this services is available is currently left unanswered by the time of this writing. More information about the new feature should be revealed in the coming days.

The move is a great development for the wider cryptocurrency community as this provides easier access for consumers to deal with cryptocurrencies providing a more familiar and easier way to do transactions.

Having a reliable exchange that offer trustworthy crypto fiat services is critical to adoption.

Initiatives that enables users to more easily deal with cryptocurrencies will seen to accelerate its adoption to mainstream.

Headlines for the world of Cryptocurrencies - December 04, 2018 Sirin Lab’s Launches Its First Blockchain-Powered Smartphone / G20 Makes Commitment To Regulate Cryptocurrencies / Singapore Releases New ICO Guideline / Blockchain Bank Bill Passes In Wyoming / Calastone Moving Into Blockchain Space
Headlines for the world of Cryptocurrencies - December 03, 2018 Crypto Regulations Coming To Belarus / The U.S. Food and Drug Authority Hires Blockchain Specialist / Asus and Quantum Cloud Partners To Bring Passive GPU Mining / Media Coverage Spiked After Market Slump / New Bitcoin Mining Patent Won By Intel
Headlines for the world of Cryptocurrencies - December 02, 2018 Binance Creating A Combined Stablecoin Market / Crypto Valley Of Asia Plans To Attract Japan, Korea and Australia / Blockchain-Powered Voting In South Korea Soon / Malaysia Will Get Their Crypto Regulations In The First Quarter 2019 / Starting 2019 No More Crypto Mining Subsidies In Mining In Norway