Monthly Archives: October 2018

Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking advantage of lower prices offered to private consumers to mint digital coins. However, the region’s utility company says it should pay more because of the excessive energy consumption.    Also read: Despite […]

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Crypto Market Keeps Its Balance After Recent Sell-Off, Bitcoin Above $6,300

Crypto markets hold steady after the recent sell-off, most of the top 20 coins by market cap see slight growth, Bitcoin trading above $6,300. Sunday, October 14: crypto markets keep their balance after the recent sell-off this week, with most of the 20 top coins by market cap slightly in the green. Fluctuations on the markets in both directions have for the most part been no more than 1 percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) has seen slight growth over the […]

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Hodler’s Digest, October 8-14: Ran Neuner Thinks BTC’s Price Will ‘Explode,’ While Research Predicts Market Will ‘Implode’

Roger Ver wants Bitcoin.com to have its own crypto exchange, while CNBC’s Ran Neuner thinks Bitcoin’s price could soon “explode.” Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week CNBC’s Ran Neuner Claims Bitcoin’s Price Is Set To “Explode” Ran Neuner, crypto analyst and host of CNBC’s show Cryptotrader, […]

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Bitcoin Markets Comprise Imminent Alternative to Foreign Exchange

A report authored by researchers from the Henryk Niewodniczanski Institute of Nuclear Physics has found that Bitcoin is maturing. The report, courtesy of the Polish Academy of Sciences in Krakow, concludes that Bitcoin carries “concrete potential of imminently becoming a regular market” and “an alternative to the foreign exchange.” Also Read: Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern Polish Researchers Seek to Assess Maturity of Bitcoin Markets The study, which is “Based on 1-min price changes recorded since year 2012,” assesses “the fluctuation […]

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Why Mastercard’s Multi-Blockchain Might Be a New Step In the Patent Race

What is a ‘subnet’ and how the financial services giant is going to partition a blockchain. On October 9, American financial services giant Mastercard was granted a patent for a method to partition a blockchain so that it can store multiple transaction types and formats. The filing published by the U.S. Patent and Trademark Office (USPTO) reveals the details of the new system — not the first of the kind for Mastercard. Why would you need to partition a blockchain? Simply put, different blockchains store their transactions […]

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Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility

On Oct. 12 the Bitcoin Cash developer Chris Troutner published a new shuffling protocol concept called Tokenshuffle, a platform that aims to anonymize BCH transactions. Meanwhile, the Cashshuffle project has recently outlined the platform’s roadmap and accomplishments so far. Over the past few months the focus on bitcoin cash fungibility and tools that make blockchain obfuscation possible has become a popular trend among BCH proponents. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco The Tokenshuffle Idea Chris Troutner Privacy is a pretty big deal to cryptocurrency […]

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Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

A new report from Greenwich Associates, a provider of market intelligence and advisory services to the financial services industry, tries to answer the question: “Why have the tech and financial industries lagged their own blockchain expectations?” It identifies technical challenges as causing corporations to fail to deliver on the hype they created around a buzzword for database just to ride the coattails of Bitcoin’s popularity. Also Read: The Daily: Robinhood Reaches 25th State, Fake Adobe Crypto Malware Harder Than Expected Greenwich Associates interviewed 213 global market participants […]

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Hacker Livestreams 51% Attack on Bitcoin Private

On Oct. 13, ethical hacker “Geocold” followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug. Also read: Mischief-Maker Promises to Livestream a 51% Altcoin Attack Censorship, Denial of Service and Revenge Attacks – and That Was Just for Starters Geocold promised he would 51 percent attack an altcoin to prove how easy it was, and […]

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The Daily: Robinhood Reaches 25th State, Fake Adobe Crypto Malware

In today’s edition of The Daily we cover stories about Robinhood expanding to its 25th American state, recently discovered mining malware, Coinbase ditching its crypto index fund, and a new blockchain job for a former advisor to president Trump. Also Read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering Robinhood Reaches 25th State Robinhood Markets, the stocks, options and crypto brokerage app, has reached its 25th U.S. state. This means its free trading app is now available across half of America. The Menlo Park-headquartered […]

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Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network

A joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most Powerful Adversary to Bitcoin” The study, titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” seeks to “explore how China threatens the security, stability, and viability of Bitcoin […]

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