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A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment. Also read: Bitmain Opens Repair Center … Read more
Wopke Hoekstra, the Dutch finance minister, has issued a letter to Holland’s parliament describing the current regulatory framework pertaining to cryptocurrencies as “insufficiently equipped.” The minister advocates the development regional and international regulatory efforts in response to the burgeoning digital currency phenomenon. Also Read: Excessive Crypto Regulation Not Optimal, EU Banking Authority Says Dutch Cryptocurrency Investment … Read more
Sustaining positive momentum in the world of cryptocurrency has proven to be nearly impossible these days. It is evident there’s plenty of bearish pressure across all markets, especially now that all of the overnight gains are meeting a fair amount of resistance. The way things look right now, there will be a serious struggle to … Read more
A lot of exciting things are happening in the world of cryptocurrency as of right now. After a very troublesome weekend, things are slowly heading in the right direction again. A lot of markets are noting double-digit percentile gains as we speak. If the Bitcoin Cash price is any indication, things will get pretty interesting … Read more
Leading manufacturer of crypto mining equipment Bitmain has opened a service center in Russia. Miners in the country will be able to repair their ASIC rigs locally, saving both time and money. Previously, they had to send faulty equipment back to China, dealing with customs formalities and paying costly shipping. Also read: Ant Creek: … Read more
The Chairman of the European Banking Authority has spoken against excessive regulation of the crypto sector, warning it might constrain financial innovation. Outlining EBA’s position in regards to the supervision of the Fintech industry, Andrea Enria said regulators need to maintain a “measured approach”. Next week EBA will publish a roadmap, which defines a series … Read more
Finnish bitcoin services provider, Prasos, has lost all but one of its banking partners. Prasos’ chief executive officer recently revealed that four Finnish banks have terminated services with the company, leaving Prasos reliant on a single bank. Also Read: Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud Finnish Banks Terminate Services With Prasos … Read more
It appears things are going from bad to worse for the NEO ecosystem as of right now. After the recent failure of a consensus node, it seems the blockchain ran into more problems this week. Blocks were generated a very long time apart, which is rather unusual. Some network transactions never arrived at their destinations either. … Read more
A lot of things are happening in the world of cryptocurrency these days. One of the more pressing issues is the fact that Coinbase purchases with debit or credit cards have incurred extra fees. Chase is working hard to refund all of those extra charges, earning them some good karma from their clients. Positive News for Chase Customers … Read more
Every time someone gets arrested for drugs, it is safe to assume Bitcoin plays some role. When five Wellington residents were arrested this week, a fair amount of Bitcoin and other cryptocurrencies were confiscated. Cracking down on illegal drug sales and imports is direly needed, though. Another Bitcoin-related Drug Arrest People who have been involved in the … Read more