No one will deny that the conflicting opinions on how Bitcoin should evolve are quite amusing to follow. The course of action maintained by the Bitcoin Core developers raises a lot of questions and very few solutions to ongoing problems. We have seen hard forks pop up out of nowhere, although Bitcoin Cash is the only one with any sort of traction. According to some users, a hard fork of Bitcoin needs to remove proof of work. Whether or not such a concept is even viable has yet to be determined. A Proof of Stake Version of Bitcoin? We havePowered by WPeMatico
There is a global interest in mining cryptocurrencies right now. Buying ASIC machines is a bit of a problematic venture for a lot of consumers, though. Especially when it comes to paying for these items, most people are still wary of companies such as Bitmain. In Singapore, that is no longer much of a problem these days. The country’s shopping malls are putting Bitcoin mining equipment on the shelf. It’s an interesting development that might just make cryptocurrency mining more accessible. Sim Lim Square Offers Mining Hardware For people who are interested in mining cryptocurrencies, using regular computer parts makes a lot of
Even though NEM was the targeted currency during the Coincheck hack, it seems the price isn’t budging all that much. Yesterday, it seemed the NEM price would see a massive drop, but the market has recovered quite nicely. As of right now, the NEM price is above $1 once again thanks to a strong 18.82% increase over the past 24 hours. It is a positive turn of events for this particular altcoin, Whether or not this momentum will continue, is a different matter altogether. NEM Price Makes a Strong Comeback Cryptocurrencies have always been prone to volatility and manipulation. Especially
Multiple Sia community members were concerned about Bitmain’s new ASIC miner. The company suddenly announced the A3, which is designed specifically for mining Siacoin. There were some brief discussions about possibly introducing a Sia fork which would disallow the ASIC hardware from impacting the network. It seems those plans have now been dismissed and nothing will happen to prevent the use of ASIC miners on the network. No Sia Fork to Prevent ASIC Mining It is evident the introduction of ASIC mining hardware specifically for Sia would have some interesting consequences. After all, these machines are a lot more powerful
Shortly after receiving cease-and-desist letters from the State of Texas and North Carolina, BitConnect (BCC) discontinued its lending platform, effectively shutting down the Ponzi scheme and leaving investors with stacks of worthless BCC tokens as compensation for their dollars lost. When BitConnect announced the shutdown, the coin instantly dropped 90% and has since continued to depreciate. While this was great news for the majority of investors that recognized the nature of the scam, they may be saddened to see that several other Ponzi schemes have gained popularity in the week following BCC’s closure. The most prominent example is Davorcoin (DAV), which appears to
Blockchain technology is transforming into a reliable and valuable force in the digital and business worlds. It has applications in almost every industry. Even the biggest corporations already are angling to use this technology in order to upgrade their processes. This system is a complex set of features and sets out to clarify information and flag data manipulations of any sort, making all financial transactions transparent and publicly available. This technology has become prevalent due to Bitcoin and the boom that followed it. The most interesting bit about blockchains is that all participating parties can view them equally. By default, Bitcoin’s blockchain updates
Even though things looked rather bleak yesterday evening, most cryptocurrency markets are still in the green right now. Good things are happening to most altcoins, including the Litecoin price. More specifically, one Litecoin is now valued at $181 again thanks to a 6.46% increase over the past 24 hours. It will be interesting to see if and when the Litecoin price returns to $200 and more. Litecoin Price Momentum Seems Solid It’s always good to see the cryptocurrency markets in the green during the weekend. Last year, the weekend was almost always synonymous with major dips in prices, but it
Market capitalization, for new and old investors alike, represents a deceptively complex figure. While many suggest that market cap is the proper way to determine the overall value of a coin, the value displayed by a coin’s market cap is a number that can and is easily manipulated by savvy and often unethical development teams. When inexperienced investors mistakenly base valuations off of a coin’s price per unit, most investors will advise them to instead check its market cap, which is the price per unit multiplied by its circulating supply. While this represents a vastly more accurate approach, it is important to recognize
On January 24, investment ratings company Weiss Ratings released its ratings of 74 cryptocurrencies. While the list is only available for purchase, it was possible to access it for free under a specific subdomain on the company’s site, which allowed many individuals to download, share, and read the list. While some individuals were elated to see strong ratings for their personal favorites, many more were infuriated and perplexed by the seemingly unresearched or even random grades given. Ethereum and EOS topped the ratings, each receiving a solid B, while Bitcoin was assigned an unimpressive C+. Founded in 1971, Weiss Ratings has
Cryptocurrency will continue to make a big impact in the world of traditional finance. More and more companies are offering cryptocurrency-related CFDs as we speak. HYCM, a global leader in online capital markets trading, has added both XRP and Bitcoin Cash to its range of cryptocurrency offerings. It’s a major step forward for the cryptocurrency industry as a whole, although it remains to be seen whether or not this will have any long-term impact. HYCM Adds More Cryptocurrency CFDs It’s always good to see companies double down on their cryptocurrency-related CFD offerings. Whereas most providers grant access to Bitcoin through vehicles