Monthly Archives: April 2019

Canadian Regulator Introduces New Rules for Crypto Mining

Quebec energy regulator Régie de l’énergie has released new rules for cryptocurrency miners. Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29. Under the new regulations, the Régie de l’énergie has ordered power producer Hydro-Quebec to allocate 300 megawatts (MW) to the blockchain industry. “This 300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Quebec, and […]

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Bitcoin History Part 11: The First Major Loss of Coins

Since the very start, people have lost bitcoins due to human error. Mislaid wallets, forgotten passwords, broken hard drives, hacks, and scams have conspired to remove over 20% of all BTC from circulation by some estimates. The dubious accolade for the first major bitcoin loss goes to forum member Stone Man, who, on August 10, 2010, managed to permanently erase his access to almost 9,000 BTC. Also read: Bitcoin History Part 10: The 184 Billion BTC Bug A Stone Cold Lesson on the Need to Back up […]

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Number of Infected Electrum Bitcoin Wallets Reaches 152,000

The number of infected Electrum BTC wallets has reportedly reached 152,000 following an ongoing DoS attack on its servers. The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29. Malwarebytes discovered that the number of infected machines in the botnet has amounted to as high as 152,000, with the volume of stolen funds increasing to $4.6 million. The company managed to […]

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Fundstrat’s Tom Lee Predicts New All-Time Highs for Crypto by 2020

Fundstrat Global Advisors founder Tom Lee has predicted that cryptocurrencies will hit new historic highs by 2020. Fundstrat Global Advisors founder Tom Lee has predicted that cryptocurrency prices will hit new historic highs by 2020. Lee delivered his comments during an interview with CNBC on April 28. In the interview, Lee forecasted that bitcoin (BTC) has not completed its upward movement and will likely reach new all-time highs around 2020 based on “11 signs that historically only take place in a bull market.” Lee thusly reiterated his […]

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Crypto Markets Drops as Bitcoin Fails to Hold $5,300 Support, Stocks Hit All-Time Highs

After seeing small gains yesterday, bitcoin dropped below the $5,300 support while U.S. stocks hit all-time highs. Monday, April 29 — after seeing moderate gains yesterday, crypto markets have tumbled at press time, with most of the top 20 coins by market cap in the red. Bitcoin cash (BCH), the fourth top crypto by market cap, has dipped as much as 7.1% over the day to trade at $242 at press time. While the majority of the top 20 are seeing sufficient losses, IOTA (MIOTA) has surged […]

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Debunking Bitcoin Myths: “It’s Only for Criminals”

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin Bitcoin’s core value proposition is that it is an uncontrolled, apolitical money. To some people, this means Bitcoin is only useful to people who want to get around various regulations imposed on the world’s financial systems and society more generally. And in a way, these Bitcoin critics have a point. Bitcoin can be quite useful for criminals, much like physical cash. However, the permissionless nature of Bitcoin also enables other valuable […]

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Report: Australians Lost Over $4 Million to Crypto Scams in 2018

The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals. This marks a substantial rise from the $2.1 million AUD ($1.48 million) that was reportedly lost to scams in Australia back in 2017. The increase came even amid last year’s crypto winter, which saw virtually every digital asset in circulation lose a significant […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29

Fundamentals of major coins are improving, while some observers say that bitcoin will hit new highs in 2020. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Bitcoin is in a bull market and it is […]

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A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

Two Bitcoin Cash (BCH) community members recently offered up a bounty for someone to fork the decentralized trading platform Bisq using BCH as the native currency. Now it seems a programmer has started the project in order to port Bisq over to BCH with help from BCH developer Pokkst’s Bitcoincashj implementation. The project is still in the midst of development but the platform works on Intellij and the programmer says Bitcoin Cash is very close to getting its own decentralized exchange. Also read: Bitmain Aims to Leapfrog […]

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“Cryptokicks”: What We Know About Nike’s Potential Gateway Into Crypto

The U.S. footwear titan has applied for a trademark for the term “cryptokicks.” Nike, the United States footwear and clothing behemoth, has recently joined the ranks of mainstream corporations that are considering entering the field of cryptocurrencies, currently spearheaded by the likes of Facebook and Starbucks. A document filed with the U.S. Patent and Trademark Office (USPTO) surfaced online earlier this week, revealing Nike’s intention to launch “cryptokicks” — which appears to be more than just a new line of sneakers. What are “Cryptokicks”? The news about […]

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