Monthly Archives: June 2018

Bitcoin Mining’s Electricity Bill: Is It Worth It?

Some say that Bitcoin’s high electricity cost is the price we pay for network security, but is Bitcoin’s energy expenditure creating more positive or negative externalities? They say it takes money to make money; in order to make a profit off Bitcoin mining, you have to buy mining equipment and pay your electricity bill first. As more miners join the Bitcoin network, some individuals fear that the amount of electricity consumed by mining will have a negative impact on the environment. Others believe that the benefits of […]

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EOS Price Jumps on News of EOSIO 1.0 Release, $50 mln Fund to Support ‘Ecosystem’

Block.one has released the first version of their EOSIO blockchain protocol, as well as announced a new injection of funding for the project. Blockchain software developer Block.one has released version 1.0 of their open-source blockchain protocol, EOSIO, according to an official blog post published today, June 2. The software is a platform designed for building applications at both the enterprise and “community-driven” levels. According to the company’s post, Block.one does not guarantee that the EOSIO software will perform “as intended” or “will be free of errors, bugs […]

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Zimbabwe Exchange Granted “Interim Relief,” Ban Appeal Still Ongoing

Despite reports of the Zimbabwe High Court’s reversal of the Reserve Bank of Zimbabwe’s (RBZ) recently issued cryptocurrency ban, the country’s leading bitcoin exchange, Golix, is yet to restore trading on its platform. In an email recently sent to customers of the exchange, Golix sought to clarify that it has been granted “an interim relief,” that its accounts have not yet been restored, and that legal proceedings are currently still ongoing. Also Read: The Top Ten Altcoin Markets of 2014 – How Are They Faring Now?  Golix Discusses […]

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The Bitcoin Cash Chain Has Less Than Two Years Until the Reward Halving

The Bitcoin Cash (BCH) blockchain is now less than two years away from its next block reward halving. Current statistics show the BCH chain will halve its reward from 12.5 BCH to 6.25 BCH on or around April 6, 2020, and with more than 80 percent of BCH now in circulation, when the next halving takes place the decentralized asset will be much harder to obtain. Also read: Adult Film Star Brenna Sparks Discusses Transforming the Sex Industry With Bitcoin Bitcoin Cash Has Less Than Two Years Left […]

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PR: Ontology Announces Triones Seed Node Recruitment

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. Today Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, officially announced the Ontology Triones seed node recruitment plan and rules, and opened recruitment for the first cycle of seed nodes. The recruitment begins on June 1st, 2018, […]

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Most Masternode Coins Are a Scam

Long before Proof of Stake entered crypto consciousness, people were staking Proof of Work coins. In return for locking up a portion of tokens and running a masternode, you can earn verification rewards. Earning a passive income while helping to secure a network sounds as comfortable as it does noble. The reality, however, is that most masternode coins are a scam. Also read: Crypto Exchange Launches in Gibraltar  Loads of Nodes But Little Utility Every trader has a strategy for profiting through good times and lean. Some buy […]

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Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 4 Crypto and the Impossibility of Knowledge in Planning Bitcoin…is better understood using the conceptual lens of the Catallaxy: participants in Bitcoin spontaneously form a decentralized monetary and financial ecosystem, collectively choosing Bitcoin as a medium of exchange and store of value. Bitcoin is…an irrefutable demonstration of spontaneous order in action. —Francis Pouliot Cryptocurrency is a perfect example of catallaxy and of a remedy for its polar opposite: central planning. The opposites are […]

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Crypto Exchange Huobi Jointly Launches $93 mln China-South Korea Blockchain Fund

The world’s third largest crypto exchange Huobi has partnered on a $93 mln China-South Korea investment fund for blockchain startups. Huobi, the world’s third largest cryptocurrency exchange by trade volumes, has entered into a partnership to launch a $93 mln China-South Korea investment fund for blockchain companies, the China Money Network reported yesterday, June 1. Huobi, together with Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities Co., Ltd., will use the $93 mln fund to invest in blockchain startups and foster collaboration between […]

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Korean Government Clarifies Position After Supreme Court Crypto Ruling

The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Response South Korea’s top financial regulator, the Financial Services Commission (FSC), has responded to the ruling by the country’s Supreme Court recognizing cryptocurrencies including bitcoin as assets, according to […]

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Crypto Exchange for Institutional Traders Launches in Gibraltar

A new crypto trading platform providing services to institutional investors has made a soft launch in Europe. The Gibraltar Blockchain Exchange (GBX) has introduced 300 retail account holders and a select number of institutional participants to its platform. GBX, a subsidiary of the Gibraltar Stock Exchange (GSX), aims to become one of the first licensed and regulated digital asset exchanges operated by an EU regulated stock exchange. Also read: British Bank Says “No” to Crypto Firms from Gibraltar GBX Offers Exclusive Access to Selected Clients The Gibraltar […]

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