Mongolia: Mongolia Continues to Attract Bitcoin and Crypto Miners

Bitcoin (BTC) and crypto mining needs the perfect balance of energy costs and revenue to be a viable investment venture. In the case of energy, cheap rates are preferred. There is also the aspect of cooling the mining machines...

Global: Bitcoin Lightning Network Booms Amid “Crypto Winter”

NewsBTC
Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning...

Global: Bitcoin Miner Consolidation Increases Risk of More Crypto Mayhem

Bloomberg
One of the consequences of the recent rout in Bitcoin is well underway. And it’s likely to have a profound effect on the leading cryptocurrency. There is a consolidation going on among the so-called miners that perform the complex calculations to...

Global: Bitcoin Fights back, But Struggles to Stay above $4,000

CNBC
Bitcoin and other notable cryptocurrencies rose in value on Monday after a brutal week for the nascent market. The world's best-known and most-valuable digital currency climbed back above the $4,000 mark late Sunday, according to CoinMarketCap data. Its price fell...

Global: Bitcoin’s Transactions Are not as Private as They Would be on Liquid Network

Jameson Lopp, a Cypherpunk and Bitcoin enthusiast, spoke about Liquid Network and how it helps to decongest the Bitcoin network and provides a solution for Bitcoin’s well-known scalability problem, in an interview with Crypto Insider. With Liquid’s full node...

Global: Bitcoin Cash ABC’s Hash Burst Was Rented from Bitcoin Network, Says nChain’s CEO

Jimmy Nguyen, the CEO of nChain, recently spoke about the truth and consequences of Bitcoin Cash hash war between the miners voting between Bitcoin Cash SV and Bitcoin Cash ABC. He began the talk by stating that the hash burst...

Global: Bitcoin with Lightning Network more Closely Fits Satoshi’s vision says Charlie Lee

On 6th October, Charlie Lee elucidated on the difference between the on-chain Bitcoin and Litecoin payments in a series of tweets. The Founder of Litecoin’s release comes in the wake of a discussion with Roger Ver, the CEO of Bitcoin.com, who...

Global: Decline in Bitcoin Searches is a Positive Sign for Cryptocurrency Industry

Despite the endless cries of “decentralization” and a constant stream of articles claiming that bitcoin is going to reach a million dollars any day now, interest in cryptocurrency has slumped massively over the past couple of years. Data taken...

Global: Bug in Bitcoin Code also Ppens Smaller Cryptocurrencies to Attacks

ZDnet
The Bitcoin team fixed today a severe vulnerability in the software that underpins the entire Bitcoin network. The vulnerability is tracked as CVE-2018-17144 and is categorized as a simple "denial of service" (DoS) issue. While this classification may play...

Global: Bitcoin Hashpower Doubled Since May Despite 70% Correction

CCN
Fundstrat, a Wall Street-based investment firm led by Tom Lee, reported that the hashpower of Bitcoin has doubled since May. “Despite BTC bear market, hashpower doubled since May to 57 EH/s – Even with upgrades to existing equipment, implies...

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OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...