China May Try to Block All Bitcoin Transactions in the Country

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

Satoshi’s Best Kept Secret: Why is There a 1 MB Limit to Bitcoin Block Size

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

Key Findings From Cambridge Cryptocurrency Study

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

China Ban on ICO is Temporary, Licensing to be Introduced: Official

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,

Japanese Company Jumping into Bitcoin Mining Could Start Digital Arms Race

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

Bitcoin Mining Thrives in Venezuela Thanks to Hyperinflation and Free Electricity

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,

Ukraine to Decide Legal Status of Cryptocurrencies in 3 Weeks

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

IRS To Go After Bitcoin and Bitcoin Cash Profits, What to Expect

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

Venezuelan Bitcoin Mining Continues Despite Government Crackdown

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

SegWit2x Deployment: ‘Excited Traders’ Drive Bitcoin Price Up

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

Ways that your bitcoins may be stolen by either scammers or hackers

Ways that your bitcoins may be stolen by either scammers or hackers

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,

5 Advantages Of Mining Altcoins With CPU Rather Than Buying Them

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