Monthly Archives: June 2018

Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming

Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole.   Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite Get It Italian Court Seizes Bitgrail’s Bitcoin  “On June 5, 2018, pursuant to the Tribunal of Florence orders,” Bitgrail posted Friday, a full eleven days after, “the Bitcoins contained in the company’s […]

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by BIS general manager Agustín Carstens that describes many cryptocurrencies as comprising “get-rich-quick schemes” that “should not be conflated with the sovereign currencies and established payment systems that have stood the test of […]

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What is Going On With the Crypto Markets, Experts Share Opinions

The current market performance has many people questioning what is going on, wondering why Bitcoin and others have hit yet another slump this year. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. This week has not been too bright for the price of Bitcoin and other major cryptocurrencies, as the markets turned red. The price of Bitcoin started falling from around $7,600 to a low of just over $6,500 […]

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Crypto Markets See Mix of Red and Green, Top 10 Coins in Slight Decline

Crypto markets see mix of red and green this Saturday, with all of the top 10 coins by market cap experiencing a slight decline. Saturday, June 16: after a slight rebound Thursday, crypto markets are experiencing a similarly slight decline, with all of the top ten coins by market cap down by one to three percent in 24 hours to press time. Market visualization from Coin360 Bitcoin (BTC) is down about half a percent over the 24 hour period, trading at $6,530 at press time. The cryptocurrency […]

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Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it was released. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 16 People Caught The police from 10 prefectures throughout Japan have reportedly caught 16 people using mining programs to mine cryptocurrencies […]

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Mining Bytom (BTM) With NebuTech BTMiner On Nvidia GPU Mining Rigs

A while ago we have written about the launch of ASIC miners for Bytom (BTM) from Bitmain right in time when Bytom was actually launching their network. The Antminer B3 ASIC miners for Bytom were offering 780 H/s with 360 Watts of power usage and this essentially has made CPU mining pointless right from the start. Since then however there has been some development regarding the use of GPUS and Nvidia ones in particular for mining BTM and surprisingly or not at this point of time you […]

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Censorship, Bans, and ETH Scams: Twitter Suspends Bitmain’s Official Account

This week the Twitter handle @Bitmaintech was locked down because Twitter administrators claimed the account belongs to a 4-year-old. The Twitter handle’s owner and Bitmain’s head of marketing have complained to the social media company’s support team and Twitter’s CEO Jack Dorsey. The account lockdown marks the second high profile bitcoin-related account that’s been banned from Twitter in just a few months. Also Read: Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate The Official Bitmain Tech Twitter Account Has Been Suspended On June 14 Bitmain […]

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Italy and Crypto: Naples Mayor Talks About City’s Focus Group to Promote Blockchain and Possible Municipal ICO

Naples, cryptocurrencies and ICOs: analysis of the city council’s new project and interview with Mayor Luigi de Magistris. A working group devoted to blockchain on the initiative of institutions, hundreds of volunteers from all over the world, a big and efficient plan for the future – it’s happening in Naples, the capital of the Italian region of Campania in the south of the country. The city, through a recent press release, announced the creation of a special “focus group,” whose purpose is to “develop and eventually implement […]

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Wendy McElroy: Crypto Can Create a “Perfect” Political System

The Satoshi Revolution: A Revolution of Rising Expectations Section 3: Decentralization Chapter 8, Part 6 Crypto Can Create a “Perfect” Political System The anarchists…work not for a perfect social state, but for a perfect political system. A perfect social state is…totally free from sin or crime or folly; a perfect political system is merely a system in which justice is observed, in which nothing is punished but crime and nobody coerced but the invader. -Victor Yarros, American anarchist, lawyer, and author The perfect society is embodied by […]

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Bitcoin: It’s All Getting A Little Messy On Canvas

What’s Satoshi’s Place? Following the launch of the new and innovative Satoshi’s Place, the digital picture web app, a few arguments have now started. The online artboard allows members to paint and leave their mark for a small fee. Based on the Million Dollar Page and Reddit Place revolution a few years ago, it has now got a little interesting with competition over space on Satoshi’s Place. As with the games that Satoshi’s Place was based on, the Cryptocurrency version has 1 million pixels available. Each pixel […]

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