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Over the past couple of years, there’s been a lot of discussions concerning the energy consumed by cryptocurrency mining. However, more recently mining operations have been using environmentally friendly methods and some of them are channeling the excess heat to do produce other goals. This week the co-founder of the trading platform Nakamoto X, Kamil … Read more
It would be an unusual week in bitcoin where there weren’t glum tidings to report, be it an exchange hack, regulatory clampdown, or edict from the east. It just so happens that this week witnessed all three – and on the same day, no less. You could call it bad luck, or you could call … Read more
On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand … Read more
This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), … Read more
What a week for the peninsular nation, 대한민국 Republic of Korea. Moon Jae-in’s administration appears to have brokered a potential meeting between heads of state to avoid nuclear holocaust, and in more practical terms local media is widely reporting regional internet giant Kakao will deepen its involvement with cryptocurrency in South Korea by incorporating crypto … Read more
In the wake of Wednesday’s market manipulation incident which caused all kinds of mischief, Binance has issued a hacker bounty. A total of $10 million has been earmarked towards catching hackers and other unscrupulous attackers, with $250,000 offered for information leading to the prosecution of last week’s viacoin pump and dump perpetrators. Also read: Bots Blamed … Read more
Last Tuesday Tennessee bureaucrats pushed forth a bill through the Tennessee Senate Ways and Means Committee that aims to obstruct government retirement funds from investing in digital assets like bitcoin. The bill has passed by a 10-0 vote and will move forward to the legislative chamber. Also read: Thailand Dodges Extreme Cryptocurrency Regulations Two Bills Aim … Read more
The Thai Deputy Prime Minister has mandated that the law on cryptocurrencies and initial coin offerings be finalized within a month. The regulators have met and agreed that there is no need to invoke the country’s controversial Section 44 law but to introduce a “special law” for them instead. Also read: Japan’s DMM Bitcoin Exchange Opens … Read more
Nabbed in conjunction with various administrative, civil, and federal prosecutions, the United States Marshals are preparing to auction over 2,000 bitcoin. The official sale is open to all countries, pending requirements, and will commence March 19th, 8am to 2pm Eastern, for a period of six hours. If successful, it could mean over 50 million USD … Read more
The Egyptian government has been called out in a new report that suggests they are not only spying on and censoring their citizens’ internet but also using them to mine cryptocurrency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Government Mining Cryptocurrency Covertly The Citizen Lab, an interdisciplinary laboratory at the University … Read more