U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela's planned cryptocurrency in a new letter. Source:..
Category: Bitcoin Latest News & Reviews
The cryptomarkets are showing another slump, with almost all the top 20 coins on CoinMarketCap in the red. After a volatile beginning of the new year, the crypto markets are again falling across the board. Almost all of the top twenty coins on CoinMarketCap are in the red on Monday, Jan. 22, with the biggest loss around 13 percent over a 24 hour period. Bitcoin (BTC) is approaching $10,000 again, a threshold that it had briefly dipped below on Jan. 17. BTC is trading for around $10,709 by press time, with a 8.95 percent drop over a 24 hour period. Ethereum (ETH) is also below $1000, trading at around $981 at press time, with a 8.47 percent drop over a 24 hour period. The market’s early year dip appears to be a repeat of previous January lows, and 2017 had already seen three large drops of 38, 40, and 29 percent. This makes Jan. 17’s over 30 percent..
US cybersecurity firm Recorded Future has released a new report linking Lazarus, a North Korean hacking group, to various South Korean cryptocurrency exchange hacking attacks and security breaches. US cybersecurity firm Recorded Future has released a new report linking Lazarus, a North Korean hacking group, to various South Korean cryptocurrency exchange hacking attacks and security breaches. In a report entitled “North Korea Targeted South Korean Cryptocurrency Users and Exchange in Late 2017 Campaign,” the firm’s researchers stated that the same type of malware used in the Sony Pictures security breach and WannaCry ransomware attack was utilized to target Coinlink, a South Korea-based cryptocurrency exchange. “North Korean government actors, specifically Lazarus Group, continued to target South Korean cryptocurrency exchanges and users in late 2017, before Kim Jong Un’s New..
New York passed the BitLicense in a vacuum. Now state and federal laws are catching up, often with poor coordination, causing a compliance nightmare. Source:..
The mainstream press has a knack for giving airtime to Bitcoin naysayers who repeat the same tired arguments. Here are the top five most common myths presented against Bitcoin and why they are wrong. Bitcoin Uses More Electricity Than “One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week!” “Bitcoin’s energy usage is huge – we can’t afford to ignore it” “Bitcoin consumes more electricity than Denmark!” Deliberately eye-catching, sensational headlines about Bitcoin mining are constantly recycled in the press. While these concerns were recently refuted in a Forbes article, the incumbent global financial system isn’t exactly known for its sparing use of electricity. Think skyscrapers, data-centers, staff, branches, security costs, infrastructure etc. Bitcoin will use much less power as incentives force miners to pursue the cheapest (and increasingly renewable) sources of energy to cut costs and..
It isn’t possible to have decentralization, a fixed money supply and sufficient liquidity for an efficient payments system, says Frances Coppola. Source:..
Venezuelan officials have denied claims that the petro token's white paper has been released, calling such claims "false information." Source:..
CryptoHunt is a location based augmented reality game that will enable players to get out, get active, and use their brains to solve riddles and collect CryptoHunt tokens. The idea is similar to that of PokemonGO, but the glaring difference is that the coins collected have real value, and eventually, players will be able to link a Visa CryptoHunt card to their account to cash out earnings. The imaginative game will incorporate trivia in an innovative way so that players can earn tokens from completing tasks in their surrounding areas and play with their friends. Prior to the launch of the ICO, the CryptoHunt demo being released February 20th, 2018, and players will have the opportunity to explore the game and test it out in real time. The demo will give players and investors insight in to the quality of this exciting new game, which aims to be a forerunner in the soon to be booming industry of crypto-gaming. Players who..
Bitcoin devs have released the first paper on the Schnorr multi-signature protocol, which, if implemented, would increase bitcoin block sizes. Source:..
In a statement published on the Weibo social media platform, Alibaba denies that its P2P platform is related to cryptocurrencies or mining. Following recent reports that Chinese e-commerce conglomerate Alibaba launched its own cryptocurrency mining platform, the company has issued an official statement Tuesday, Jan. 16, denying that its platform is related to either virtual currencies or their mining. According to the official statement, published on the microblogging platform Weibo, Alibaba’s recently launched platform ‘P2P Nodes’ has been mistakenly reported as cryptocurrency-related. The statement further clarifies that the platform is actually a peer-to-peer (P2P) Content Delivery Network (CDN) service provided by Alibaba Cloud designed to allow users to improve their network speed by sharing unused broadband connections with each other. P2P Nodes credits users..