The Chinese authorities may be moving toward a broad clampdown on Bitcoin, including peer-to-peer (P2P) exchanges and over-the-counter (OTC) trading platforms. Using the Great Firewall to block IP addresses, access to foreign bitcoin exchanges could be blocked and the Bitcoin transaction network could be disrupted within the country. Bitcoin miners are also worried that their
Bitcoin’s scaling crisis was one of several things Satoshi and earlier Bitcoiners never anticipated. Here’s how that 1 MB blocksize limit got put there. Anybody familiar with Bitcoin is aware of the vexing problem caused by the 1 MB blocksize limit and the controversy that arose over how to scale the network. It’s probably worthwhile
Cambridge University has put out a study on cryptocurrency that provides information on exchanges, wallets and mining. Cambridge University has put out a comprehensive 114-page study on cryptocurrencies that digs deep into empirical data of the digital currency world as it appears across the globe. Key highlights of the study include the number of users
Hu Bing, a researcher at the Institute of Finance and Banking, says to the Chinese State TV that the government’s ban on initial coin offerings (ICOs) is only temporary During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization,
Jeff Francis · September 8, 2017 · 3:15 pm 3,932 views A Japanese company, GMO Internet Group, is looking to jump into bitcoin mining with new chips that could start a digital arms race. One thing you can say about the subject of bitcoin mining is that it’s never dull. New players and technologies continue
Hyperinflation and virtually free electricity in Venezuela has led to an increase in Bitcoin mining operations. Venezuela is home to one of the world’s worst cases of hyperinflation since the Weimar Republic. For example, a McDonald’s Big Mac there now costs half a month’s salary. The country’s annual inflation rate has surged to 1,600 percent,
The Ukrainian Cabinet of Ministers on the Financial Stability Board conducted a meeting in late August 2017 to tackle the legal status of virtual currencies like Bitcoin in the country. The Ukrainian Cabinet of Ministers on the Financial Stability Board conducted a meeting in late August 2017 to tackle the legal status of virtual currencies
If the owner sells his Bitcoin Cash and receives the 100 percent profit as capital gains income, it will be taxable. Recent developments lead many to Bitcoin mining and investing in Bitcoin as many tend to believe that it is a great start for investment. Regulators and tax specialists are now looking into cryptocurrencies and
BTCS, the publicly traded bitcoin miner, is moving toward a new merger, SEC filings reveal.
The Atlantic has reported that Venezuelan bitcoin mining continues despite government efforts to crack down on miners. Venezuela has long suffered from extreme hyperinflation, inspiring many Venezuelans to mine cryptocurrency to supplement their incomes. Also Read: Bitcoin Trading in Venezuela Intensifies, Bolivar Still Down and Devalued Bitcoin Mining Is Gaining Popularity in Venezuela in Part Due
An internet advisor to Russian Vladimir Putin is trying to raise as much as $100 million in an initial coin offering.
An employee of New York City’s Department of Education has been disciplined after being caught mining bitcoins on his work computer. Source
Bitcoin price has bounced back from price slump after SegWit2 Bitcoin has bounced back from its huge loss after bridging an ideological gap that poses a threat to the number one cryptocurrency. After its record breaking slump over the last week, Bitcoin re-surges to 2,300 levels as miners began deploying SegWit2x. The Bitcoin price has
The first bitcoin heist ever reported took place back in 2011. A bitcoiner under the moniker “allinvain” woke up to the loss of his 25K bitcoins! The loot had been valued at $500K. The nastiest bit is that “allinvain” could track the movement of his bitcoins by keeping watch over the public ledger; but still,
Mining altcoins is fun. You get to play around with fantastic hardware like GPUs, FPGAs, and ASICs. And more importantly, you stand a chance to win a block reward! If you have looked at enough “bitcoin literature” you’ll understand that bitcoin mining is discouraged among solo-miners. Of course, there’s sense in that, considering that the