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There has been a massive influx of stablecoins in the cryptocurrency industry. The purpose of these currencies is very simple: maintain their peg to the US Dollars at all times. Surprisingly, that is a very difficult task for nearly all stablecoins, especially during these volatile times. None of the current stablecoins on the market can … Read more
A lot of cryptocurrency enthusiasts are currently focused on the Bitcoin Cash hard fork. That is only normal, even though its impact on the entire crypto industry remains to be determined. As far as the hashrate is concerned, a somewhat uncertain picture is being created. Both chains seem neck-in-neck, although there are a few things … Read more
There are still a lot of unknown factors associated with the upcoming Bitcoin Cash hard fork. While miners clearly favor Bitcoin SV at this time, things may look a bit different where everything else is concerned. More specifically, without sufficient network nodes and economic support Bitcoin SV will not necessarily go anywhere anytime soon. Network … Read more
The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the … Read more
The first major contentious Bitcoin hard fork, Bitcoin Cash, which took place just over a year ago, had a massive positive impact on the global market capitalization of cryptocurrency. Bitcoin Cash is now undergoing a contentious fork of its own, but market reception has been far different. Everything is tanking with the fork event just hours away. … Read more
Crytpocurrency markets are in turmoil right now, most currencies seeing drops of over 10%. What is the reason for the sudden selloff? Most likely the Coinbase announcement that was released roughly 15 hours ago. The company announced that they will be halting all BCH trading and withdrawals beginning Thursday November 15th at 8AM PST. Update … Read more
South Korea is a very interesting region when it comes to cryptocurrencies. In most cases, there is nothing but positive news first and foremost. At the same time, local regulators are looking for ways to ensure the industry gains more legitimacy. This has forced the first cryptocurrency fund in the country to shut down effective … Read more
It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time. Cheap electricity sparks a lot of interesting, albeit not … Read more
There is never a shortage of controversy in the world of cryptocurrency. Although there are plenty of positive developments happening too, a recent announcement by the Zcash Foundation sparks some debates. In a tweet last Friday, Monero developer Riccardo Spagni calls out the Zcash Foundation for its funding strategy. The Zcash Funding Debacle One has to … Read more
Mining pools are vital to cryptocurrencies, especially in the altcoin department. Very interesting trends have emerged in this regard over the past few years. A recently announced project, on the other hand, already causes a lot of concern. It aims to mine all altcoins and dump them on the market in exchange for Bitcoin Cash. … Read more