Monthly Archives: April 2018

Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes

After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining.   Also Read: Okex Fights Market Manipulation Rumors Following Painful Futures Contracts Rollback Bitcoin Smuggling Chinese bitcoin mules are buying bitcoin in various markets around the world and smuggling it back in to the country to fuel the flourishing […]

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Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange Accounts

During the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what legal problems may arise. Also Read: Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company Chinese Corporate Executive Arrested in Tokyo The Japanese police revealed on Tuesday that they arrested […]

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New CryptoNightV7 Mining Rigs Available for Rent at Mining Rig Rentals

The popular service for leasing and renting mining rigs for different crypto algorithms – Mining Rig Rentals has just added support for CryptoNightV7, the new POW algorithm that Monero (XMR) and some other Cryptonight-based coins are planning to fork to as a cauntermeasure to the recent wave ot Cryptonight ASIC miners. In the next couple of days we are expecting to see some of the more popular CryptoNight coins to start forking to the new CryptoNightV7 mining algorithm, so there might be increased demand for hashrate for […]

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Not a Month Into Beta, Lightning Applications Continue to Grow

With the advent of the long-anticipated Lightning Network (LN), crypto enthusiasts have more to look forward to than faster, cheaper transactions. Just as smart contracts brought DApps to Ethereum’s network, the Lightning Network is primed to bring a host of Lightning apps to Bitcoin. These applications, fittingly dubbed LApps, will leverage the Lightning Network to usher in a new generation of payment applications to the blockchain industry. Lightning Labs rolled-out their beta for the first implementation of the Lightning Network on March 15, 2018. In practice, the […]

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Cryptocurrency Mining Industry Sees Influx of New Hardware

On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s latest miner the Antminer E3. The new pre-manufactured mining rig processes the hashing algorithm Ethhash, the PoW consensus protocol for the Ethereum network. Lately, Bitmain has been releasing a bunch of new products including the Antminer X3 which mines Cryptonight algorithms for coins like monero, and a slew of other mining devices. Also Read: Reddit Removes Bitcoin Payment Option, Censors Darknet Forum The Latest Ethhash and Cryptonight Miners Bitmain is a well-known manufacturer of […]

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Venezuela to Use the Petro to Buy Auto Parts from Russia

Venezuelan government intends to purchase Russian auto parts with its state-issued cryptocurrency. Ministers from both countries have discussed the use of the petro in bilateral transactions during a high-level meeting in Caracas. Possible Russian crypto investments are also on the agenda. Also read: Venezuelans to Buy Homes and Property with State Cryptocurrency Caracas to Build Kamaz with Kits Paid in Crypto Officials from Venezuela and Russia have agreed to expand the economic cooperation between the two countries. The bilateral intergovernmental commission met over the weekend in Venezuela’s […]

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PR: Blockchain Games Operator True Flip Enters the Slot Market with Chain’s Code

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. True Flip, the blockchain fair games operator, has developed and launched its first slot game. Chain’s Code is available now at cc.trueflip.io with bets starting at 0.000020 BTC and up to 5 BTC as the Superprize. Costa Rica Chain’s Code features a […]

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Iranian Cyberspace Authority Says Telegram’s Upcoming Crypto Threatens National Currency

Iranian High Council of Cyberspace wants to ban Telegram — an “enemy of the public sector” — citing the danger of its foray into the crypto sphere The secretary of Iran’s High Council of Cyberspace (HCC) has publicly supported the potential ban of Telegram within the country, citing the chat app’s recent Initial Coin Offering (ICO) as potentially “undermin[ing] the national currency of Iran,” local news outlet Al-Monitor reported yesterday, April 3. According to Al-Monitor, the discussion about banning Telegram originally stemmed from both a desire to […]

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S. Korean Regulator Orders 12 Crypto Exchanges To Make Contracts More Consumer-Friendly

12 crypto exchanges in South Korea have been told to revise their customer contracts after regulator finds lacking consumer protection The South Korean Fair Trade Commission (FTC) informed 12 cryptocurrency exchanges that they must change their adhesion contracts – contracts created by an entity where the terms and conditions are non-negotiable to the customer – due to their current lack of customer protection, local news outlet Yonhap News reports today, April 4. The FTC reported that the contracts in their current form don’t allow users to withdraw […]

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