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Category Archive: bitcoin

Why Telegram is so popular in the crypto community?

Bitcoin can rightly be called the “star” of the past year, since its price rise attracted the world attention to the cryptocurrency market, which becomes inexorably popular from day to day. Questions about how to become a member of the crypto community and earn from it provoked the creation of Telegram channels about cryptocurrencies, which provide users with all the information they are interested in the real-time mode.

And the lack of monetization of the application makes it attractive for both individual participants and large projects – so much attractive that many decentralized projects, digital publishers houses and even exchanges use the messenger and create the full-fledged platforms for communication and advertising. There are even whole groups of “whales” – the owners of large states in the cryptocurrency. Such public accounts can have up to 30 000 – 40 000 active users. The most famous have the talking name – Whale Club and Coin Farm. Here you can meet those who bought bitcoin only for $ 1, and sold for $ 9,000.

$ 5,000 per subscription

There are some channels, sending signals, related to the growth of exchange rates, to subscribers. At the same time, the monetization of such communities is quite successful. So, the price of joining a closed paid channel can reach $ 5,000. Many users are willing to pay such amounts, because they are sure: with one signal it is possible to multiply your asset by up to 10 times. You can be part of a speculative market, but it’s much more effective to create it yourself. This is the opinion of the pump groups subscribers, whose goal is to repeatedly increase the price of a particular currency by making a group exchange purchase by using the strategy of increasing. The final sale price is usually announced in advance and exceeds the purchase price by at least 2 times. For example, in the leading Russian-language pump channel Big Russian PUMP no less than + 200% increase is promised. Further, after the agreed sale, the rate may return to the original values. On such jumps in the token price it is easy to understand whether a coin was pumped or it’s a question of growth against the background of natural demand.


Kin charts


Where is Lambo?

Which messenger still can boast of having the games-bots? Of course, there is no sense to expect a wow effect from them, but they can help to spent some time while transit.

Well, finally, no hype is done without memes, especially when it comes to millions of dollars. If you know the crypto market for a long time, then, for sure, you are familiar with the phrase “When moon?”, which means waiting for the coin to grow. We have collected the top 5 phrases and memes, which any self-respecting crypto trader should know:

1st place – To the moon

The growth of each single coin on crypto market is accompanied with the image of a rocket flying to the moon. Originally for bitcoin, the “cosmic” growth was a figure of $ 1000, then it reached 2000, and now, to fly to the moon, it must overcome the barrier of $ 50,000. In general, for altcoins this distance is much less.

Flypme sticker skyrocket, Holytransaction

2nd place – When lambo?

Along with cosmic symbolism, the sign of the crypto trader’ success is Lamborghini, or, as it was fixed in the community, “lambo”. Why is this car, and not Ferrari or Tesla, is unknown. But you can always count how many coins you need to buy this sport car. For example, according to https://crypto-to-lambo.com/, the bitcoin owner will need only 36 coins.

When lambo telegrams ticker, Holytransaction

3 place – Just HODL

Being just some typos, the word hodl (instead of hold – hold), actively spread in the cryptocurrency community’ circles. However, later, it acquired its own meaning: «HODL», Hold on for dear life

Hodlit telegram sticker, Holytransaction

4th place – Mr Trader

Judging by the diversity of this set of stickers, the popular Mr. Trader went through all the charms of crypto market.

Telegram sticker Mr Trader, Holytransaction

5th place – Cryptolamb

Cryptolamb telegram sticker, Holytransaction

When it comes to the falling market, no one wants to be known as a “cryptolamb”. This slang characterizes an inexperienced trader who buys the currency at the last stages of growth, often during the pump, without discouraging initial costs.


And, at last, we will be honest, Telegram gives only those mailings on which the user is subscribed. There is no place to spam. The only weighty drawback is the number of channels in the phone of the cryptocurrency community member, which quickly grows to a very significant one, making it difficult to use the messenger for its intended purpose and turning it into a clogged news line.

This Article was provided by our friend Christopher Owen

Open your free digital wallet here to store your cryptocurrencies in a safe place.


Ten Years Of The World With Bitcoin Living in a crazy-crazy crypto world.

Bitcoin rose from unknown to mainstream recognition largely thanks the incredulous surge in value it saw in 2017. But then the price went down, sparking yet another heated discussion about the volatile unpredictability of the bitcoin.

Nowadays, discussions are all at their all time hype, but worth just as long as the participants know what they are talking about; and the audience has at least some grasp of the matter. But it rarely happens, as the vast majority of experts are as clueless about the intricacies of the crypto markets as is the general audience.

The infographic below, provided by our friends at BitcoinPlay, will not make us all marketing gurus but will give you a much better understanding about the driving forces behind the world’s first cryptocurrency, how it came to be, who embraced it first and how countries are handling it.
Here’s a selection of our favourite ones:

  • On May 22 2010 two Pizzas cost 10k bitcoins.
  • In 2013 FBI made $48 million by selling on auction one seized 144,000 Bitcoins.
  • 100$ invested in July 2010 is now 18.8 million.
  • Since april 2017 Bitcoin is legal payment method in Japan.
  • Blockchain ledger technology when used by top10 investment bank could save $8-$12 billions.
  • Chinese Mining Pool control approximately 81% of the Bitcoin network’s collective hashrate.
  • Overstock, Dell, Expedia, Dish and Microsoft accept Bitcoin payments.
  • University of Nicosia, Cyprus was the first University to accept tuition to be paid in Bitcoin.
  • Bitcoin is vat free in Switzerland.

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Batching Bitcoin and Litecoin transactions

HolyTransaction implemented SegWit on Bitcoin and Litecoin back in November 2017; and now we are glad to announce another upgrade to help the BTC network, as well the LTC network, reduce its transaction fee costs.

We implemented batching of transactions to help reduce fees for the entire network in order to strengthen the ecosystem.

Batches now allow grouping similar transactions and processing them together, as one transaction in one single moment. Thanks to this process, HolyTransaction is able to help conserve precious blockspace on the Bitcoin network.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

HolyTransaction SegWit Bitcoin Litecoin

SegWit transactions are here

When checking your Bitcoin address from your balance page, you may have noticed that the address currently displayed differs from one you have seen listed in the past.

Thanks to the latest improvements in Bitcoin Core, we are happy to announce that HolyTransaction implemented the SegWit technology to improve the Bitcoin network capacity and reduce the network fees.

All new addresses generated for Bitcoin and Litecoin by the HolyTransaction wallet will be SegWit addresses.

We believe this change will be welcome by the community and will also help HolyTransaction reach new users. Check your wallet and try it out.


What’s SegWit?

SegWit makes it possible to rearrange the information in a block. Consequently, the block can contain more information and it makes transaction processing more cost-effective. Receiving payments on these SegWit addresses does not differ from typical addresses in any way. As of now, around 10% of all Bitcoin transactions pass in SegWit.

HolyTransaction SegWit Bitcoin Litecoin

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bitcoin block size

Bitcoin Cash: HolyTransaction shares its position about the fork

Tomorrow is August 1st, the long-awaited date for the Bitcoin-blockchain upgrade. That’s why you are asking us: what’s about HolyTransaction and Bitcoin Cash?

This upgrade, in fact, will cause a hard fork and so the creation of a new chain (and so a new digital currency) called Bitcoin Cash. This will:

  • Increase the block size to 8 MB;
  • Remove SegWit, a code change that might activate on the bitcoin blockchain by the end of August.

HolyTransaction and Bitcoin Cash

So, our users are asking if HolyTransaction will support Bitcoin Cash within the multicurrency wallet.

HolyTransaction, in fact, would like to announce that should UAHF choose to increase the Bitcoin block size on August 1st, our customer platform will not support the new blockchain or coin on that date.

Due to technical complexities, time and quality assurance needed to implement a second bitcoin ruleset and blockchain we will not support it.

We currently consider Bitcoin Cash as another cryptocurrency, though Bitcoin Cash’s transaction history would be the same as bitcoin’s .

HolyTransaction supports UASF

A few days ago, we shared a blog post in support of UASF or User Activated Soft Fork.

It is a system for the activation of a soft fork that might occur on a specified time enforced by full nodes, a concept that is also called “economic majority”.

In the past years, a UASF was successfully developed to activate the P2SH soft fork (BIP16).

Instead, currently, the UASF is combined with the so-called SegWit activation in the BIP148 proposal.

Click here to read more about UASF.

We know that some users are curious to see what happens with Bitcoin Cash, but we are currently not supporting this altcoin.


Let’s see what happen and happy trading!

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin price

Bitcoin Price Analysis and SegWit

While Bitcoin price is experiencing a new growth after the almost 50% drop from its all-time high, a few analysts of the crypto market suggest that bitcoin price at $4000 is in the air.

And this moment seems to come sooner than expected.

“When added to the professed agreement for major players to work together on the Bitcoin scaling issue starting September – if it becomes a reality, the price could see between $4,000 and $5,000 before the year ends,” said an expert to Cointelegraph.

2017 has been a good year for bitcoin price, as it traded at about $950 back in January and it reached its new all-time high a few months ago in June with a value of $3011: this means that bitcoin price grew of more than 3000% in a six-months period.

Compared to the all-time high we quoted above, the current price decrease is maybe due to the uncertainty around the upcoming SegWit activation that will take place on August 1st, 2017.

For those who are unfamiliar with this, SegWit is a new upgrade to the Bitcoin blockchain that will increase the block size to support more transactions and allow a faster confirmation for transactions.

At the moment, the blockchain supports up to 2000 transactions per block in 10 minutes and SegWit will double this capacity to 4000 transactions.

Also, Segwit2x will increase the size of each block from 1MB to 2MB.

SegWit will be implemented on August 1s, while it is not sure yet if Segwit2x will be implemented too.

That said, the real reason of uncertainty is caused by the hard fork needed to implement SegWit.

This might create two different chains in a similar way to what happened to Ethereum in 2016 with the DAO and Ethereum Classic.

Not a problem for the Bitcoin price

According to many experts in the industry, while this event might create panic sell and uncertainty within the community, will not be a real problem in the next future.

Kumar Gaurav of Cashaa explained to Cointelegraph:

“When looking at 2017 so far, it still has been a good year for Bitcoin, starting just below 1000$ and now standing just below $2,000. Whether and to which extent this overall trend will continue will be seen more clearly after some crucial dates such as 1st August. If 80% of the Bitcoin community adopts the updates all should be fine. It seems most likely this will be reached, as the current signaling of intended support is at 87.8 percent, an increase from 83.28 percent in May. Comparable to when in May, following the New York agreement on SegWit2x, Bitcoin reached an all-time high of $2,160, it can reach new all-time highs after a successful activation as Bitcoin will be more attractive again and bring users of other cryptocurrencies back to Bitcoin.”

Bitcoin-based ICOs

Another reason that might be influenced the price is the growing number of Bitcoin-based ICOs or Initial Coin Offerings.

ICOs managers might have cashed out during those days and this drove the prices because a huge amount of bitcoin appeared on the market.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin block size

Amir Taaki talks about Segwit, Ethereum and more

Amir Taaki is one of the first developers to start working on Bitcoin.

In two recent interviews on The Tatiana Show and The Crypto Show, Taaki explained his personal point of view on the current state of Bitcoin and the need to preserve digital currency’s core values.

Also, Taaki talked about a power struggle for the blockchain and his support for Bitcoin researcher Peter Todd and the various contributors to Bitcoin Core.

For him, the protocol development debate over Bitcoin is between those who think Bitcoin is a revolutionary technology to challenge central banks and those who simply believe it as only a payments innovation.

“With the Blockstream guys and Peter Todd, I have a lot of faith in those people. I was involved in Bitcoin since the very beginning, so I interacted with a lot of different people, I know what their personalities are, what their personal motivations are. I kind of think that most of the guys who are on that side have a pure intent, which is an intent for Bitcoin, not for their own personal gain, not to elevate themselves. A lot of them even existed in the shadows or even had the chance to gain power at different points but didn’t really fight to take power over Bitcoin.”

According to Taaki, people who cannot make informed decisions related to the changes to make on the Bitcoin protocol only need to look at those who are supporting each of the various proposals.

“When you have a guy like Peter Todd who is on one side and then you have people like Gavin Andresen and Roger Ver and other people on the other side, then it’s pretty clear which side to support. The developers who have worked on Bitcoin since its very beginning and got nothing personally out of working on Bitcoin — that work on Bitcoin because they believe in it based on principle — yeah I trust those guys,” explained Taaki.

Taaki quoted Gavin Andresen as someone who “tried to dominate the development process through titles rather than an organization of people and a governance process” because of his work at the Bitcoin Foundation.

Please note that the original Bitcoin Improvement Proposal (BIP) that explained the governance process for protocol development was a Taaki’s idea, although it has been replaced by BIP 2.

Bitcoin’s Main Values to be Preserved

Even if Taaki said that Bitcoin had just transcended “one really big power struggle for the heart of Bitcoin as a technology” during his speech at The Tatiana Show, SegWit2x was announced not long after this appearance.

“What me and Cody Wilson was — there was a side of Bitcoin that was just about [opposition to] the central banks and there was another side opposing that with different values to us. Basically, we’ve managed to get over that, and those values that were at the core of Bitcoin have been preserved. But it’s not enough to simply preserve Bitcoin as it is or what it is.”

According to Taaki, Bitcoin’s main values need to be preserved and also need to find their way in the Bitcoin Core codebase.

“It’s a dangerous moment because, if Bitcoin continues how it is, it’s just going to kind of meander around and then it’s going to fizzle out because it doesn’t pull people forwards toward something greater,” Taaki added.

Bitcoin vs Ethereum

Taaki also talked about his thoughts on the current state of Ethereum.

In his view, Ethereum is an example of developers going to their computers to escape the real world and creating toys instead of practical applications that can have an impact on the world.

“They’re developing a lot of cool toys, [but] it’s not really fulfilling a coherent need. That’s the biggest problem with Ethereum. I respect Vitalik for his technical knowledge, but there’s no social knowledge behind it.”

According to Taaki, he has always stuck with Bitcoin because it has “solved very real, practical problems that face humanity now.”

“Bitcoin is a political tool to actually change the society, to excise these real problems at the root of the society,” he said.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
buy bitcoin sign

Buy Bitcoin Sign appeared at Congress

When Federal Reserve chair Janet Yellen testified at the Congress today, one attendee showed a buy bitcoin sign.

Yellen appeared before the House Financial Services Committee to talk about the state of the US economy and field questions from committee members. As chief of the US central bank, Yellen also spoke about a recent semi-annual report delivered to Congress by the Fed.

As chief of the US central bank, Yellen also talked about a recent semi-annual report delivered to Congress by the Fed.

While Yellen was expressing her willingness to raise interest rates amidst a healthier economic climate (following years of near-zero rates instituted in the wake of the 2008 financial crisis), there was one attendee who captured media coverage because he held up a buy bitcoin sign behind Yellen.

A screenshot of the event was tweeted by CNBC Steve Kopack, and later shared by other people who have been watching Yellen’s testimony.

buy bitcoin sign

The identity of the man who held up the buy bitcoin sign is not clear yet.

Yet in a follow-up tweet, Wall Street Journal national economics correspondent Nick Timiraos reported that the individual, along with another, had left the room “after a staffer made some instruction to them.” Video published by Bloomberg shows the two individuals being spoken to by a staffer.

Yellen, who told in 2014 that the Fed “doesn’t have the authority to supervise or regulate bitcoin in any way” – remarked that she believes that the blockchain is an “important technology”.

Thanks to her work, the Fed decided to publish some of its internal researchers into the distributed ledger tech, releasing its first report on the topic back in December.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin in japan

Bic Camera: new merchants accept Bitcoin in Japan

A new electronics retailer decided to start accepting bitcoin in Japan as one of the available payment methods in all its shops within the country.

It is Bic Camera that began to accept bitcoin at several shops back in April, and that is now it is looking to expand this payment after seeing huge levels of demand from its customers.

The retailer is taking payments in the digital currency thanks to a partnership with the domestic bitcoin exchange called bitFlyer, so they can convert bitcoin into yen right after the acceptance.

Bic Camera sells a wide range of products, including cameras, computers and home appliances like fridges and washing machines.

News that Bic Camera is accepting bitcoin at more locations came after the Japanese government’s new regulations around digital currencies and the exchange services. Among those, for example, there is a legal definition for bitcoin as a kind of payment instrument and the decision to eliminate bitcoin taxation.

Also, this could be one reason why we might aspect a new growth in the bitcoin price in the next days.

Read more about Bitcoin in Japan here.


Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin meetup

Bitcoin Meetup in Rome with Riccardo Casatta and more

bitcoin meetup

On July 10th, a new Bitcoin meetup will be organized in Rome thanks to the Blockchain Education Network Italia. 

This bitcoin meetup aims at spreading the word about the blockchain and being a meeting place for all the enthusiasts of the distributed ledger and digital currencies.

The evening will host different meetings with two major experts in the industry:

After their speeches, there will be a pitch with a few startups that work in the industry and free networking with pizza and beer for free.

The event is free, but in order to have access you need to register yourself on Eventbrite here:

Click here to read more about this bitcoin meetup: https://www.meetup.com/Bitcoin-Generation-Roma/events/241266421/

This event is sponsored by HolyTransaction.


Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio