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Nick Chong

Nick is a writer and analyst who has been following Bitcoin since 2013. When he is not writing, he works on HTC's Bitcoin phone, EXODUS.

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Nick Chong's Work 99 Articles
News  |  Bitcoin  |  Markets Nov 20, 2020 Online Poker Players Are Turning to Bitcoin Amid Surge Past $18,000
Online Poker Players Are Turning to Bitcoin Amid Surge Past $18,000

As Bitcoin has seen a strong surge in recent weeks, gaining 86 percent since September alone, when it sat around $10,000, online gamblers increasingly look to asset as a way to take profits. According to Bloomberg, Winning Poker Network, a network of online gambling sites, is paying 90 to

by Nick Chong
News  |  Bitcoin  |  Politics Nov 20, 2020 Dutch Bitcoin Exchange Looks For "Legal Verdict" With New AML Measures
Dutch Bitcoin Exchange Looks For "Legal Verdict" With New AML Measures

The Dutch central bank (DNB) recently imposed stringent anti-money laundering (AML) restrictions on Dutch exchange Bitonic, as made public by the company itself. Now the firm is fighting back. Bitonic, which describes itself as the "first Dutch Bitcoin company," revealed last week that the DNB has mandated the

by Nick Chong
News  |  Bitcoin  |  Technology Nov 17, 2020 Mining Pools Poolin, Slush & BTC.com Announce Support for Taproot
Mining Pools Poolin, Slush & BTC.com Announce Support for Taproot

As the BTC Times reported, the implementation of the Schnorr/Taproot consensus rules were merged into the Bitcoin Core repository in October. The next step will be to discuss how the upgrade is to be activated on Bitcoin’s mainnet. This discussion is now taking a step forward, with Bitcoin

by Nick Chong
News  |  Bitcoin  |  Markets Nov 16, 2020 Multi-Billion Dollar Fund SkyBridge Capital Might Soon Buy Bitcoin
Multi-Billion Dollar Fund SkyBridge Capital Might Soon Buy Bitcoin

Skybridge Capital, an alternative assets investment fund run by former Goldman Sachs banker and previously White House official Anthony Scaramucci, just revealed its intention to invest in Bitcoin. As first spotted by technology analyst Kevin Rooke, the firm submitted a series of filings to the Securities and Exchange Commission (SEC)

by Nick Chong
News  |  Bitcoin  |  Markets Nov 16, 2020 Citibank Predicts Bitcoin Price Could Surpass $300,000 by End of 2021
Citibank Predicts Bitcoin Price Could Surpass $300,000 by End of 2021

Wall Street is becoming increasingly bullish on Bitcoin. This much was made clear just recently when an analyst at Citibank, Tom Fitzpatrick, signaled his belief that Bitcoin will hit $300,000 in this market cycle. Alex Krüger, an economist closely tracking the cryptocurrency market, leaked the analyst's note

by Nick Chong
News  |  Bitcoin  |  Technology Nov 12, 2020 Lightning Network Derivatives Exchange LNMarkets Hits Record Volume
Lightning Network Derivatives Exchange LNMarkets Hits Record Volume

Lightning Network-based Bitcoin derivatives exchange LNMarkets this week reported a rapid uptick in trading volume on its platform, as 40 percent of its aggregate trading volume was recorded in the past month. LNMarkets launched on the Bitcoin mainnet in March, facilitating trades exclusively via Lightning. Although still in its alpha

by Nick Chong
News  |  Altcoins Nov 11, 2020 Unexpected Ethereum Chain Split Leads to Service Outages
Unexpected Ethereum Chain Split Leads to Service Outages

Ethereum underwent an "unannounced hard fork" today that disallowed firms in the cryptocurrency space from properly servicing their users.  Many exchanges and service providers rely on Infura or other API services that did not correctly upgrade their nodes to align with the majority of users.  News of this

by Nick Chong
News  |  Bitcoin  |  Technology Nov 10, 2020 Bitcoin Mempool Clears as Hash Rate Bounces From Lows
Bitcoin Mempool Clears as Hash Rate Bounces From Lows

Bitcoin's hash rate faced a strong correction in October. From all-time highs near 160 exahashes per second, the metric dropped by approximately 45% to lows around 90 exahashes per second. As the BTC Times reported previously, analysts believed the drop to be the result of Bitcoin miners in

by Nick Chong
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