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It is evident all cryptocurrencies are trying to recover some of their lost value in the past few months. Doing so will be a monumental challenge, although the past 24 hours have shown some positive changes as well. Even so, specific currencies are going through massive pumps with little trading volume. The Bytecoin price, for … Read more
While the second half of May has been burdened by a sustained downtrend, today’s price movements could be seen as a spark for a reversal. After reaching initials lows earlier in the day of just above US$7,000, Bitcoin saw a huge jump to above $7,400, and is continually inching higher. If things play out well, … Read more
A lot of people showed an interest in cryptocurrency back when Bitcoin was first created. Despite its niche appeal, it was incredibly easy to mine in rather large quantities. Unfortunately, a lot of people have since lost their Bitcoin holdings. One particular holder lost close to $60 million worth of Bitcoin due to a lost hard drive. … Read more
The electricity consumption of Bitcoin mining operations has always been a thorn in the side of many people. Various studies on this topic have been published over the years. In Chelan County, Washington, a major development is taking place. Rural electric utilities are taking an aggressive stance against various Bitcoin mining firms over their “disruption” of the … Read more
The drama surrounding the Verge cryptocurrency seemingly will not end. There is a lot to talk about when it comes to this particular cryptocurrency, for obvious reasons. However, there are also a fair few concerns to contend with, especially given the recent attacks against the network. It now seems some of the code used to … Read more
Scams have become an integral part of the cryptocurrency world. It is an unfortunate development, but one that is entirely to be expected in any industry gaining mainstream traction. In the case of Bitcoin, a completely new scam is making the rounds. As part of this effort, users may receive an email claiming that they have to … Read more
Even though most cryptocurrencies appear to be recovering, it remains to be seen how long this momentum will last. Even the major currencies noting some decent growth over these past 24 hours. The Ethereum price, for example, is up by 4.57%, pushing its value to $560 once again. Finally Positive Ethereum Price Momentum Anyone who … Read more
Regulation of cryptocurrency is a very touchy topic, for rather obvious reasons. Governments around the world want to curb the hype associated with Bitcoin and similar currencies. At the same time, they need to come up with a way to let this ecosystem thrive in the years to come. It appears officials in South Korea are looking … Read more
South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space National Assembly’s Proposal … Read more
In times when cryptocurrency markets are experiencing a relatively significant dip, some influential voices continue to sound optimistic. We cover these opinions in today’s edition of Bitcoin in Brief. Of course, positive predictions are almost always balanced by some negative expectations; in this case they are part of a short-term prognosis. Also read: Bitcoin in … Read more