Category : Crytocurrency

Bitcoin Cash: ABC Network Suffered Spam Attack as Hard Fork Activated

Immediately after the Bitcoin Cash hard fork, the blocks on the Bitcoin ABC chain started filling up with nonsensically small transactions. At the time of writing shortly after the fork, three such blocks had been mined with a total of more than...

Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC

During a largely celebratory live stream regarding the ability of Bitcoin ABC’s upgraded version of Bitcoin Cash to survive and thrive in a post-fork universe, Bitcoin ABC’s self-proclaimed “benevolent dictator,” Amaury S...

Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U.S. miner NGDC, appears to have suddenly fled from the area, leaving $1.55 mill...

Binance Warns Iranian Traders to Withdraw Crypto Amid Sanctions

Binance is advising its remaining users in Iran to withdraw their money as the cryptocurrency exchange seeks to comply with renewed U.S. sanctions.

Bitcoin Market Cap Slides Below $100 Billion as BCH Fork Spooks Investors

It has been more than 24 hours since bitcoin scared investors with a sudden 10 percent drop. But there hasn’t been a concrete recovery action — yet. The bitcoin-to-dollar exchange rate has surged 2.21 percent from its previous low at 5291...

Moscow Residents are Slowly Warming to Crypto Payments: Study

In Moscow, green shoots of crypto adoption are starting to emerge. Indeed, of the Moscow locals who prefer non-cash payment methods such as mobile payments, 1% are using cryptocurrencies while 5% appear to be on the verge of doing so, according to Fo...

Coinbase Ventures Backs Home Crypto Mining Startup Coinmine

Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justin Lambert. The company has reportedly raised about $2 million from VC funds and angel investors such...

Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath

With bitcoin cash mining its first forked block, the futures prices of SV and ABC are fluctuating wildly. The BCHSV futures price jumped 10.7 percent against the US dollar, rising from $88.12 to $97.51 within just an hour — before sinking below...

Hash Wars: The Bitcoin Cash Hard Fork Has Begun

Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the spectacle with great anticipation. At approximately 1:00 p.m. EST miners backing both implementations star...

Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begins

Minutes ago, Bitcoin Cash activated a hard fork that splintered the fourth-largest cryptocurrency’s network into at least two competing versions, currently referred to by their primary software clients, Bitcoin ABC (BCHABC) and Bitcoin SV (BCHS...

Canaan’s Hong Kong Listing Plans in Limbo

Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s application for an initial public offering (IPO) expired on Nov. 14 — exactly six months after it s...

This Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela

Economist Steve Hanke has joined the board of the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new system for price-stable assets he will design.

Bitcoin Cash Hard Fork: How Did We Get Here?

As the actual hard fork of Bitcoin Cash approaches and users face the prospect of two versions of Bitcoin Cash, it’s important to remember what led Bitcoin Cash to this situation. As such, here is an albeit incomplete recap. The Block Size Deba...

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulato...

The Brexit Deal, a Tumbling Pound, and a Ceaseless Crypto Bloodbath

At long last after two-and-a-half years of negotiations in a painful process that can only be described as watching a slow-motion train wreck, a Brexit deal has been struck–a tentative one, at least. However, instead of cracking open the champa...