Author Archives: Aaron 'BingoBoingo' Rogier

Bitstamp Plays With Novelty Segwit Only Bech32 Addresses

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Bitstamp has annouced the addition of novelty segwit only Bech32 addresses to their platform (archived). Segwit involves cleaving the ever important transaction signatures from inclusion in Bitcoin blocks through a set of rules precariously enforced at the convenience of miners. With the signatures cleaved, transactions opting for the lower segwit security standard feature a space saving "spend by anyone" script when added to the Bitcoin blockchain. Continue reading →

US Stock Indexes Take Worst Weekly Losses Since 2008

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Losses have continued on US stock markets this week in their worst performance since October 2008. The Dow Jones ended down 12.4% in a week that included Thursday's all time high single day point drop of 1191. The S&P 500 ended the week down 11.5% losing 3.2 trillion USD in market cap. The Nasdaq became 10.5% smaller this week.

Dow Drops 3.56% S&P 500 Down 3.35% And Nasdaq Down 3.71%

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US stock prices took a hit today with the three major indexes all falling more than three percent (archived). The Dow Jones Industrial Average had shown some small gains for the year until markets opened today. The day's 3.56 percent drop takes its performance down to -2.2 percent for 2020. Mainstream reports are crediting coronavirus panic for the loss, but US stock prices have been climbing rapidly the past few months as the Federal Reserve undertook a quiet campaign of "Quantitive Easing", buying questionable debts and printing new dollars.