The Daily: Akon Launches Akoin, ICO Mogul Buys $19M Land with Bitcoin

A musician who wants to use cryptocurrency to create a “real-life Wakanda” in Africa is the main feature in today’s edition of Bitcoin in Brief. Additional stories include an ICO mogul who bought land worth $19 million with bitcoin, a massive trove of Coinbase customers’ complaints and more. Also Read: Control of Highly Demanded Crypto … Read more

Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand

With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’ Cryptocurrency Bubble Pops … Read more

Mining Manufacturer Obelisk Announces ASIC-Friendly Launchpad

Obelisk, a new ASIC manufacturer led by Siacoin developer David Vorick, has released plans for an ASIC launchpad for Proof of Work coins. Its aim is to provide new and existing cryptocurrencies with an ASIC-friendly algorithm that will mitigate the rising threat of 51% attacks. Although initially devised with the company’s own ASIC miner in … Read more

100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network

On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH … Read more

Japan’s GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs – On Sale Tomorrow

Japan’s GMO Internet has unveiled the price and specs of the GMO miner B2 equipped with 7nm ASIC mining chips. The mining capacity is 24 TH/s and the price of the machines will be adjusted monthly according to demand. Using GMO’s mining rigs, the power consumption can be reduced up to 20% and the cost … Read more

PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed Circle

Following the announcement that Circle, a fintech startup backed by Goldman Sachs, plans to launch a stablecoin pegged to the U.S. dollar, the blockchain-based ecosystem MoneyToken has confirmed the listing of the stablecoin, Circle USDC, on its lending platform and decentralized exchange. The post PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed … Read more

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4

The following opinion piece on Bitcoin Cash was written by Jonald Fyookball We’ve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant; miners didn’t understand their power and responsibility. Last Friday, Coingeek.com held a … Read more

A Look at the Credit Card Shaped Hardware Device Called ‘Coolwallet’

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new ‘Coolwallet S,’ the wallet can be hidden … Read more

Coingeek Conference 2018: Bitcoin Cash Innovation Shines in Hong Kong

On May 18, 2018, the blockchain firm Coingeek hosted its inaugural Coingeek Conference held this year in Hong Kong. The event was filled with movers and shakers from the Bitcoin Cash (BCH) ecosystem, alongside hundreds of BCH supporters looking to change the way the world’s money works. Also Read: 5 Years Ago You Should Have Bought … Read more