Monthly Archives: July 2018

Cloud Mining Platform HashFlare Stops Services, Disables Equipment on SHA-256 Contracts

Cryptocurrency cloud mining service HashFlare has stopped mining services on current SHA-256 contracts due to difficulties with generating profits. Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue. HashFlare is a cloud cryptocurrency mining platform founded in 2013. Cloud mining is a system where a user purchases a portion of the mining power of hardware hosted and owned by a cloud mining service provider. The service provider configures the […]

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Blockchain Phones Calling the Future of Telecommunications

Blockchain technology is breaking into new sectors as the telecommunications industry begins to feel out its potential for phones and communication. The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance, politics, economics, automotive and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution. There has been a predictive report that came out on July 11 from Marketwatch that is suggesting […]

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Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency use within Vietnam was not a “lawful means of payment” this past October. Also read: Bitcoin Vietnam Faces Losing its Domain from Government The State Bank of Vietnam Agrees Cryptocurrency Miners Should be […]

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Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

Coinbase has reportedly attracted a $20 billion hedge fund for its custody service. Major U.S. crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched “Coinbase Custody,” its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, Electronic Transaction Clearing (ETC), that operates in compliance with the U.S. Securities and Exchange Commission (SEC). People familiar with the matter told Business Insider […]

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Newly Launched Bitcoin Optech Initiative Aims to Address BTC Scalability Issue

A group of BTC developers has launched an initiative in order to deal with BTC scaling and high transaction fees issues. A team of Bitcoin (BTC) engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20. Bitcoin Optech is a non-profit organization backed by leading industry players like PayPal Board Member Wences Casares, executive of Kohlberg Kravis Roberts & Co. Ltd John Pfeffer, and cryptocurrency research and development group Chaincode Labs. […]

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Samsung Baltic Stores Now Accept Crypto via Blockchain Payments Platform CopPay

Korean electronics giant Samsung’s Baltic stores now accept multiple cryptocurrencies as a means of payment via the Cop Pay blockchain platform. South Korean electronics titan Samsung has announced that its Baltic stores now accept multiple cryptocurrencies as a means of payment via the blockchain-based CopPay platform, according to a July 20 Medium post. The platform allows merchants to receive cryptocurrency and either keep the payments in a cold wallet or immediately convert it to fiat. It has a zero-transaction fee policy and supports a wide range of […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 20

With most major coins having risen significantly over the past days, we might not be out of the woods yet. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have cryptocurrencies bottomed out? This is the first question to pop up in any crypto investor’s mind following the recent […]

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India: Supreme Court Decision on Central Bank Crypto Dealings Ban Moved to September

The final arguments in the Supreme Court regarding the Reserve Bank of India’s (RBI) crypto banking ban will be held in September. The Supreme Court of India’s hearing on the central bank’s ban on crypto dealings, originally scheduled for July 20, has been moved to September, according to a July 19 Twitter post by a team of Indian lawyers involved in crypto regulatory analysis. The Reserve Bank of India’s (RBI) crypto banking ban was implemented in early April of this year, and prohibits local banks from providing […]

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This Silicon Valley Backs Blockchain Startup Wants to Become the Wikipedia of Data

DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round. The San Francisco-based company said investment firms that participated in the round include General Catalyst, Greylock Partners, Lightspeed Venture Partners, Pantera Capital and others. In a Medium post, the company, which describes itself as a “blockchain-based Wikipedia,” wants to make it “economically irrational” for false information to be shared. DIRT is looking to create a protocol for crowdsourcing information using the Ethereum blockchain to […]

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Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

Bitcoin (BTC) has split off from other top cryptocurrencies and shows more resilience in holding on to gains secured in this week’s major upswing. July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week. Market visualization from Coin360 As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to maintain positive momentum. Bitcoin (BTC) is trading around […]

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