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BITCOIN PRICE: 6,472.65     HIGH: 6,513.28     LOW: 6,246.05

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Blockchain Brunch Hamptons White Party • August 21, 2018

 With the SEC decision on the third Bitcoin ETF likely just four weeks away. Right now, there is no better…

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Category: Mining

Research Attempts to Unravel Claims of Satoshi Nakamoto Owning a Million Bitcoin

Category: Bitcoin, Blockchain, Mining, News

Research Attempts to Unravel Claims of Satoshi Nakamoto Owning a Million Bitcoin

On August 20, 2018, Bitcoin Mercantile Exchange (BitMEX) published research on a quintessential question bounced around since Bitcoin’s introduction in 2009: Does Satoshi Nakamoto own a million bitcoins? A Million or not a Million BitMEX based its study on Sergio Demian Lerner’s 2013 analysis, where the developer uncovered mined Bitcoin blocks can be traced back to their miner, proving the…

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Crypto Mining Apps Continue to List on Google PlayStore Despite July 2018 Ban

Category: Bitcoin, Mining, News, wallet

Crypto Mining Apps Continue to List on Google PlayStore Despite July 2018 Ban

In July 2018, Google Play had announced that cryptocurrency mining apps would not be permitted on its browser or any platform supported by the company. However, Google’s Play Store continues to list applications that enable mining of cryptos such as bitcoin and others. Mining Apps Are Still Revolving in Playstore In an updated developer policy in July 2018, the platform…

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Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

Category: Altcoins, Bitcoin, Mining, News, Regulation, Tech

Cloud Mining Platform Genesis Wants “Unprofitable” Miners to Upgrade Their Contracts to Avoid Termination

The bearish trend that has been affecting the global crypto market for a while now seems to have finally taken its toll on Genesis Mining, one of the world’s leading cloud mining providers. The company published a blog post on Aug 16, 2018, implying that it is left with no option but to force some users to upgrade their existing…

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Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

Category: Altcoins, Bitcoin, Business, Mining, News

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least…

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Cryptocurrency Mining via Browser is Pulling Out more than $250K in Monthly Earnings

Category: Altcoins, Blockchain, Mining, News

Cryptocurrency Mining via Browser is Pulling Out more than $250K in Monthly Earnings

According to TheNextWeb, recent academic research has found out that the embedded CoinHive cryptocurrency web browser mining script is generating more than $250,000 in Monero (XMR) every month. What is more concerning is that the report points out that this amount is mainly going to a small group of ten individuals. Researching Browser-Based Mining The research was commissioned by RWTH…

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Oracle, Social Reality Inc., and Riot Blockchain, Inc. Embrace Blockchain Technology

Category: Adoption, Blockchain, Mining

Oracle, Social Reality Inc., and Riot Blockchain, Inc. Embrace Blockchain Technology

Much has been said about the massive potential of blockchain technology to revolutionize the world as we know it. Blockchain ensures a transparent, decentralized mechanism that could eliminate many of the problems being faced by corporate and government sectors. Several organizations are working to bring blockchain into daily industry operations with an aim to leverage their position in their respective…

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Incentives: Tokens, Privileges, Rewards, and Penalties in Cryptoeconomics

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Mining

Incentives: Tokens, Privileges, Rewards, and Penalties in Cryptoeconomics

Cryptoeconomics refers to the use of cryptography in order to create economic systems. This fairly new branch of economics came into existence following Satoshi Nakamoto’s creation of Bitcoin in 2009. Following the creation of a large number of altcoins, cryptoeconomics is now the backbone of an industry that possesses significant value. Cryptoeconomics utilizes cryptography to prove or ascertain the properties…

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Bitmain Goes After Canaan With Crypto Mining Wifi Routers

Category: Mining, Tech

Bitmain Goes After Canaan With Crypto Mining Wifi Routers

Bitmain Technologies, the world’s largest manufacturer of bitcoin mining rigs has launched a new range of dual function crypto mining equipment for dashcoin and siacoin as it seeks to retain the initiative in an ongoing battle for market share with other makers. The company announced the R3-DASH and R3-SIA as the latest additions to its flagship Antminer range through Antimer’s…

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Cryptocurrency Mining Firm Soluna to Build a 900-Megawatt Wind Farm in Saharan Desert

Category: Altcoins, Bitcoin, Mining, News

Cryptocurrency Mining Firm Soluna to Build a 900-Megawatt Wind Farm in Saharan Desert

Soluna, a blockchain company began plans to create a 900-megawatt wind farm with the aim of generating power for a computer center in Dakhla in the Morocco-administered Western Sahara Desert. Initial work on the facility will begin in 2019. In the beginning phases of this project, the wind farm will not be connected to the national grid; however, according to…

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Bitcoin Drops Down Below $7,000 despite Crypto-Positive Headlines: Week in Review August 6, 2018

Category: Adoption, Altcoins, Bitcoin, Blockchain, Finance, Investment, Mining, News, News Digest

Bitcoin Drops Down Below $7,000 despite Crypto-Positive Headlines: Week in Review August 6, 2018

Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New York Stock Exchange’s (NYSE) parent company ICE has announced the…

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