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  • August 2018

    Bitcoin Cash’s Rumoured Split: NChain Publishes Alpha Release, Announces New Pool

    As the rumoured split on the Bitcoin Cash network continues to be peddled, NChain has published the alpha release of its Bitcoin SV codebase on Wednesday, Aug. 29 as a preview which it says is in request to miners and pool operators. Notable among its changes so far include its default maximum mined block being […]

    Report: Miner Spends Only $1567 per BTC

    Electricity is the number one cost for cryptocurrency mining, giving an edge to whoever can secure it for the lowest price. Bitfarms, which has access to cheap renewable energy in Canada, reports that mining a single BTC cost the company just $1567 in the first half of the year. $1567 Per BTC Tel Aviv Stock […]

    Storing a Lot of Bitcoins in One Wallet Is a Bad Idea

    Interest has piqued in a bitcoin wallet that’s lain dormant for four years. This week’s movement of the funds it contains, worth close to $850 million, has sparked intense debate over whose address it might be. Regardless of which whale holds the rights to it, the wallet’s very existence demonstrates the drawbacks of holding a […]

    New Off-Line Wallet Can Exchange Bitcoins Using C-Lightning

    Several technological initiatives and devices designed to make Bitcoin transactions faster, safer, and cheaper are streaming into the crypto space. The latest is Spark, which is a wallet that facilitates sending and receiving Bitcoin, using c-lightning. Simple Interface to Pay with Bitcoin over the Lightning Network The Lightning Network is growing, enabling faster transactions among nodes. […]

    Crypto Exchange Huobi Acquires Public Firm for $70 Million

    Crypto exchange Huobi has completed an acquisition deal to become the largest shareholder of a public firm listed in Hong Kong, inching a step closer to a possible back-door listing. Pantronics Holdings, the acquired firm, released a statement on Aug. 29 that Huobi Group completed the deal by having purchased about 199 million of its shares […]

    Crypto Mining Attacks Soar in First Half of 2018

    Malicious cryptomining attacks jumped 956 percent from the first half of 2017 to the first half of 2018, IT security firm Trend Micro reported Wednesday. In its latest Midyear Security Roundup, Trend Micro researchers noted that there were more than 787,000 detections of malicious cryptocurrency mining software in the first six months of 2018, up […]

    China’s Online Finance Regulator Allows the Public To Report Illegal Token Fundraising

    The National Internet Finance Association of China (NIFA), a self-regulatory organization founded by the People’s Bank of China(PBoC), has added a new category— “ token sales”—to its tip-off platform where the public can report any potentially illegal online financial activities. At present ,the online portal run by the NIFA gives Chinese residents the power to file […]

    Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines

    Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig […]

    JP Morgan CIO: Blockchain Will Replace Existing Technology

    JP Morgan CIO Lori Beer said at a press conference in Buenos Aires that blockchain will “replace existing technology” in a few years, according to Argentinian website Cripto247 August 23. “We will see a greater and wider use of blockchain […] In a few years blockchain will replace the existing technology, today it only coexists […]

    Founder of Litecoin Charlie Lee discusses the state of cryptocurrencies

    In terms of monetary price, cryptocurrencies have been faltering since the introduction of 2018. But one prominent figure of cryptocurrency is declaring that cryptocurrency is flourishing more than ever due to the progress of adoption. Charlie Lee, the famous founder of Litecoin, stated on CNBC’s Fast Money that cryptocurrencies are currently proving their long term […]