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ICOBox and Lition Announce Significant Partnership for Token Support

June 25, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, News, Tech

Lition has signed up with ICOBox, the world’s premier service provider for conducting ICOs. The latter will provide advice to help ensure Lition has the best support possible while they prepare to launch their ICO later this summer. The Lition Token The Lition Energy Exchange brings transparency and sustainability into...

Bitmain’s Hashrate Steadily Reaching 51 Percent of Bitcoin Network, Already at 42 Percent

June 25, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Mining, News

Bitmain’s concerning hashrate dominance on the Bitcoin’s network reached a new high on June 24, 2018, after reports suggested it nearing the fatal 51 percent figure. Rising Concerns As per a report on Trustnodes, the Chinese mining equipment manufacturer controls over 42 percent of the network hashrate if data from...

Huobi Global Ecosystem Invests in Global Risk Exchange

June 25, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News

Huobi Global Ecosystem Fund has invested in Global Risk Exchange (GRE), a blockchain-based, decentralized and open global risk exchange market, China Money Network reports. As stated, the investment would be used to secure the progress of the international distribution and ecological construction of GRE. Global Risk Exchange Global Risk Exchange...

U.S. Supreme Court Mentions Bitcoin as Potential Medium of Exchange

June 25, 2018 by Cindy Huynh at Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

The US Supreme Court has referenced Bitcoin and cryptocurrencies in a case. While the case wasn’t focused on cryptocurrency regulations, it marks a crucial moment in cryptocurrency history. The Supreme Court had openly considered cryptocurrencies a potential medium of exchange in the future. Court Mentions Cryptocurrencies In Wisconsin Central Ltd....

ZCash “Overwinter” Upgrade is Coming, Sets the Groundwork for Further Substantial Developments

June 25, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, News, Tech

On June 26, 2018, privacy-centric protocol Zcash will undergo its first hard-fork. The upgrade is named “Overwinter” and takes place at block 347,500 assuming a hash rate of 150 seconds per block. Setting the Foundation According to a Zcash Foundation post on the development, the hard fork serves to fortify...

BitFlyer Hit With “Business Improvement Order,” Suspends The Creation of New Accounts

June 25, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News

Japan’s largest cryptocurrency exchange, BitFlyer, has placed a moratorium on the creation of new accounts following intervention from the country’s principal financial services regulator, the FSA. The restriction was put in place after the FSA placed a ‘Business Improvement Order’ on the exchange on June 22, 2018. BitFlyer received the order alongside...

Ethereum’s Billionaire Co-Founder Bullish on the Chinese Cryptocurrency Sector, Lists Qtum and VeChain

June 25, 2018 by contributor at Altcoins, Bitcoin, Blockchain, Business, Commentary, Ethereum, News

Cryptocurrency billionaire Anthony Di Iorio, co-founder of Ethereum and early investor in Bitcoin, is turning towards the Chinese cryptocurrency market in hopes of repeating his investment success. VeChain and Qtum on Billionaire's List In an interview with Bloomberg on June 22, 2018, Di Iorio expressed his thoughts on the cryptocurrency...

Chinese Police Raid Illegal Bitcoin Miner’s Home, Seize 200 Computers

June 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Crime, Mining, News

A private residence in Anhui Province, Eastern China has become the scene of yet another incident of electricity theft in an illegal cryptocurrency mining operation, with a police raid revealing an illicit setup of 200 computers mining bitcoin and ethereum. The story, which was reported in Chinese media is yet...

Winklevoss Twins Win Yet Another Crypto Trading Patent

June 24, 2018 by Priyeshu Garg at Bitcoin, Business, News, Tech

Famous cryptocurrency duo Tyler and Cameron Winklevoss have successfully registered yet another patent related to crypto investment with the US Patent and Trademark Office. The new patent, which was announced on the USPTO website on June 21, 2018, is related to the creation of exchange-traded products linked to digital assets....

Bitcoin’s Bad Year May Not Turn Around Anytime Soon

June 24, 2018 by Crypto Advocate at Bitcoin, Finance, News

Cryptocurrency and blockchain technology continue to spread across the world, yet somehow, the most well-known cryptocurrency has been plummeting all year. Bitcoin (BTC) is currently the world’s biggest cryptocurrency with a market cap at time of writing of $105.5 billion. Since reaching its highest value of nearly $20,000 in December...

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