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At press time, bitcoin has fallen to roughly $7,300. This is $100 less than where it stood yesterday afternoon, though the currency was trading for as high as $7,500 during Tuesday’s evening hours. The bitcoin arena is something of a mixed bag. For example, China’s president Xi Jinping recently endorsed blockchain technology, stating that it … Read more
The South Korean government evidently wants to ease off on cryptocurrency regulation. On Monday, it became apparent that the government will focus on making cryptocurrency trading a lot easier and more straightforward. In another development, it seems the country’s National Assembly wants to allow ICOs once again. Another Regulatory Development in South Korea A lot … Read more
Drama is becoming all too common in the world of cryptocurrency. There are a lot of genuine concerns regarding certain projects, especially when it comes to security and the code base. For EOS, a new security statement was issued which doesn’t bode well for the project in its current state. The EOS Security Concerns It … Read more
Addiction. It’s a human weakness even the most staunchly disciplined among us wrestle with. You may not struggle with the urge to crack open a Heineken at 9 a.m., or light up a cigarette when you’re stressed. But if you check the status of your cryptocurrency portfolio every five minutes, Houston, we may have a … Read more
With most of the top cryptocurrencies still in the green right now, it is evident interesting things are bound to happen. Even so, there are plenty of cracks in this facade, as the TRON price has already lost over 6.5% again in the past 24 hours. This is only a sign of what is to … Read more
AP Moller-Maersk, the Danish shipping conglomerate, has launched the first-ever blockchain platform for marine insurance. Known as Insurwave, the platform aims to leverage the blockchain to revolutionize the management of risk in the industry as well as interactions between stakeholders. The platform was built on R3’s Corda blockchain and, as reported by Seatrade Maritime News, … Read more
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