Biggest BTC Exchange By Volume to Dump All ‘Bitcoin Cash’ for Bitcoin

Wilma Woo · November 15, 2017 · 7:15 am <!– Excerpt Hong Kong based Bitcoin Mercantile Exchange (BitMEX) has announced it will automatically sell all its customers’ Bitcoin Cash. BitMEX Hits Back At Contentious ‘Altcoin’ In a blog post Wednesday, BitMEX, which handles around $1 billion in trades per day, explained it would sell the […]

Are 2017’s Network Attacks ”Real” or Are Bitcoiners Growing Paranoid?

Technology Over the past year or so there’s been a lot of discussion concerning ‘attacks’ on the Bitcoin network. Across forums and social media, the subjective valuations from bitcoin proponents of what an ‘attack’ on the network really is has become an extremely contentious topic. Also read: Japanese City Attracts Cryptocurrency Miners with Abundant Renewable Energy […]

Bitcoin Cash Hard Forks Blockchain In Bid to Ease Mining Difficulties

Bitcoin cash appears to be successfully navigating a planned hard fork. At press time, the majority of the network nodes (roughly 82 percent) have transitioned to new software (version 0.16.0 or later) that includes rules aimed at making the protocol’s reward distribution more attractive to the miners that secure its blockchain. Executed at roughly 21:00 […]

Wall Street Downplays Cryptocurrencies after Granting Lower Ratings to AMD and Nvidia

The Wolves of Wall Street have been stirring the crypto pot again this week by downgrading ratings for chipmaker Advanced Micro Devices (AMD). Citing a faltering cryptocurrency market and a decline in demand for mining in 2018, Morgan Stanley reduced its ratings from equal-weight to underweight for the California based semiconductor giant. The results were […]

Ethereum Funds Frozen, Token Startup Cappasity Says Bug Was “Hack”

William Peaster · November 11, 2017 · 5:30 pm <!– Excerpt In a new development suggesting Parity’ recent flaw that locked up over 900,000 ether was more nefarious than previously thought, affected token startup Cappasity thinks they have proof the “bug” was actually a hack. Cappasity Thinks Foul Play’s Been Discovered The Ethereum community was […]

Cryptocurrency Mining Sales Cool in Q3, Says Nvidia

Chip maker Nvidia said this week that it will remain “nimble” in its approach to cryptocurrencies, even as it reports a quarter-over-quarter decline in revenue for related products. The company released its third-quarter results on Nov. 9. Among the notable data points, per Bloomberg: revenue for cryptocurrency mining-related products came in at $70 million, a […]

Bitcoin Cash Up As Original Chain’s Price Recedes

The fork of Bitcoin from August 2017 known as Bitcoin Cash (BCH) surged over 30% on Friday according to industry price analysts at Coinmarketcap. This corresponded with a marked drop in the price of the original Bitcoin’s (BTC) price to its lowest point since the start of November. Analysts are attributing the redistribution to the […]

BANKEX Proof-of-Asset Protocol: Financial Market Evolution · November 10, 2017 · 10:45 am <!– Excerpt There are two Protocols that are widely used today: Proof-of-Work and Proof-of-Stake, – they are perfect for cryptocurrencies. However, with the growing demand for improving the liquidity of assets, yet avoiding the cumbersome process bounded by the rules and regulations of the traditional stock market, […]

Cracks Appear as Critics Label Bitconnect a Ponzi Scheme

Economics To its founders, Bitconnect “is an open source, peer-to-peer, community-driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment”. To its critics, Bitconnect is a pyramid scheme that rewards early adopters and leaves stragglers holding their bags. While cynics […]

Relief and Disbelief: Bitcoin Reacts to Sudden ‘2x’ Suspension

The tweets came fast and furious, almost quicker than the articulation. After months of anger and debate, a group of businesses and mining firms that use bitcoin’s software to provide services suddenly shuttered an attempt at changing its rules. Scheduled to be introduced in mid-November, the Segwit2x software had emerged as a controversial bogeyman, a […]