SpicePay News

Every time it seems the Bitcoin price couldn’t possibly climb any higher, it exceeds expectations. Earlier this year Bitcoin made headlines, with analysts predicting that it could go up to $3000. It did, much sooner than most people imagined. A few months later, $5000 and up became the norm. This week, a week-long surge culminated […]

The bitcoin fork back on August 1 was the culmination of a dispute over how to scale bitcoin – a long skirmish some have called a “Bitcoin Civil War.” The lack of consensus led to a fork, which is when a cryptocurrency splits into two separate cryptocurrencies. This summer’s fork led to the creation of […]

The Bitcoin price hitting $5000 was once a prediction that only the most bullish would make. In September, it happened, making history. Remember: Just over four months ago, in June, history was made when it hit $3000. Here we are in October and $5000 is already, well, history. This morning the Bitcoin price climbed to […]

This historic Bitcoin milestone was predicted by Bitcoin proponents well in advance. To some, it was only a matter of time. Others are aiming much higher. None of which dulled the excitement when the Bitcoin price reached an all-time high of $5000 USD per BTC on the CoinDesk Bitcoin Price Index on September 1! 2017 […]

The question of Bitcoin scaling is finally settled: On August 24 SegWit was activated! This is a major technical milestone, and a cause for celebration in the bitcoin community. Developers now have the ability to use the new protocol, which is expected to improve transaction speed and security – and lower fees. To give you […]

Bollywood is seeing a Bitcoin boom. Celebrities like Shilpa Shetty, Raj Kundra, R. Madhavan, Huma Qureshi Neha Dhupia, Vir Das, Nargis Fakhri, and Prachi Desai have all been expressing enthusiasm for it. They are fascinated with the cryptocurrency concept, and positive about Bitcoin’s growth potential, judging by the hubbub on social media. In particular, “bitcoin […]

August 1  has come and gone, and SpicePay made it through the drama that divided the bitcoin community. Following a brief security hold, we’re back in the bitcoin business, with all services in good operating order. Your patience during this odd little interval is appreciated. So what exactly happened? As you’ll recall from recent SpicePay […]

On August 1, changes to Bitcoin software will go into effect. This is due to a long debate within the bitcoin community about bitcoin scaling – how to support more transactions without further slowing down the network. For more details, please see our related blog posts from earlier this month (July 19 and July 26). […]

Last week BIP91, the bitcoin upgrade designed to solve the scaling issue, surpassed the needed 80% backing. It was activated Saturday, July 22, after 93% of miners signalled their support. There is a next step: More than 51% of miners must start using the BIP91 protocol by August 1 for it to be fully adopted. […]

The issue of bitcoin scalability has been a persistent one, and the subject of heated debate, for some time. While bitcoin’s price soared to new heights and users multiplied, the question loomed: How can it be scaled? Let’s look at the basics. Bitcoin uses blockchain technology. A blockchain is essentially a distributed database for an […]