Category: News Updates

Bitcoin, Ethereum, Altcoins, Mining, Trading & more

Nicehash hacked – $62 million worth BTC lost

Nicehash, the cryptocurrency mining marketplace NiceHash has been hacked, its team announced Wednesday. Posting on social media, NiceHash said that “there has been a security breach involving NiceHash website” resulting in a loss of funds. NiceHash, formed in 2014, serves as a marketplace for miners to rent out their hash rate to others. Nicehash website…
Read more

SegWit2x suspended

Milke Belshe, the CEO of BitGo announced this Wednesday that the plans concerning SegWit2x have been canceled for now. The impact of this news could be seen on the price of Bitcoin that showed an all-time high of about $7900 USD. The hard fork was proposed to upgrade Bitcoin, primarily by increasing the base block…
Read more

Bitcoin gold launching on Sunday

Bitcoin Gold (BTG), the improved variant of the Bitcoin is set to launch this Sunday, 12th November 2017 (19:00 UTC). The official Bitcoin Gold’s website announces that they: “will provide the Bitcoin Gold full node client download on our website. The BTG blockchain will officially be live, with blocks mined openly by users and pools…
Read more

TabTrader, Nanopool, Cryptonit, and Cryptal merges into Finom

TabTrader, Nanopool, Cryptonit, and Cryptal merged this August to form the largest blockchain corporation, named FINOM. These four companies were individually, the players in their respective mining and trading markets. In August 2017, they announced the merging into a single blockchain tech giant through a press release. The company strives to stay dynamic and take blockchain…
Read more

Samsung upcycles old Galaxy 5S handsets into Bitcoin Mining Rig

Samsung has always been a blockchain technology enthusiast.  This time, it’s “upcycling” initiative resulted in making of an efficient Bitcoin mining rig out of 40 old Galaxy 5S devices. The Samsung’s Bitcoin mining rig runs on a new operating system that has been developed to upgrade the old phones at its e-waste store. Samsung’s Bitcoin…
Read more

Singapore has no plans for regulations but has an “open mind” attitude

Singapore seems to have no plans to regulate cryptocurrencies such as Bitcoin but country’s central bank will still implement anti-money laundering controls. Earlier, China, Korea, and many other leading players expressed their growing concerns surrounding cryptocurrency trades. And now, Ravi Menon, the Managing Director at Monetary Authority of Singapore (MAS) expresses similar concern by stating…
Read more

The State bank of Mauritius to introduce Bitcoin loan and Ethereum loan

Mauritius’ second largest bank, the State Bank of Mauritius (SBM) announced that it will be accepting Bitcoin and Ethereum as collaterals for the loan. The SBM is up to kick-start this Bitcoin loan and Ethereum loan service in collaboration with the FinTech company- Secured Automated Lending Technology(SALT). SALT’s say on Bitcoin loan and Ethereum loan –…
Read more

Ethereum Byzantium fork locked in, software upgrade influences the market

At 05.22 UTC, October 16 saw locking of Ethereum Byzantium fork at block 4,370,000. Consequently, the price surged by about 6 percent for Ether.It is the fifth hard fork to occur on Ethereum. The software upgradation is aimed at enhancing the platform through a batch of Ethereum improvement protocols (EIPs). About the Ethereum Byzantium fork…
Read more

South Korea follows China, Imposes ICO ban

Financial Services Commission of South Korea on Friday, announced that the state will ban the practice of raising funds through any and every form of virtual currencies including initial coin offerings – ICO. Earlier this month, China put a similar ICO ban and now it’s the Korea that seems to be concerned about the risks…
Read more

Bitcoin gold – another Bitcoin fork on it’s way!

A Bitcoin enthusiast knows what all drama a “fork” can add to the smallest trade and the last hard fork’s day, the 1 of August 2017, had already shown a trailer! Bitcoin proponents! Be prepared, the next Fork, Bitcoin Gold may surprise you soon. Here’s what this project is all about. “Bitcoin Gold” – the new…
Read more