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An electrified pick axe with a gauge on it. Red cave looking background. How to boost mining power? Russia's Tech savvy make a move.

Power Stations Being Purchased in Russia by Private Investors for Cryptocurrency Mining

January 16, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Mining, News, Regulation, Tech

The process of mining cryptocurrencies takes a lot of energy for the high-powered computers to complete the algorithms associated with approving transactions through the blockchain. Moving Public Crypto Mining, Private These expenses are why there have been two electric power stations sold in Russia to private investors for the process...

Brazil’s Regulators Block Investment Funds From Investing In Cryptocurrencies

January 16, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

Local investment funds in Brazil can no longer invest in bitcoin or other cryptocurrencies. This restriction was imposed by the Securities and Exchange Commission of Brazil (CVM), which is currently believed to be in the process of crafting policy for crypto regulation. Brazil Weighs In The CVM issued a circular...

US Treasury Secretary: The Dollar Could Be Converted Into “Digital Dollar”

January 16, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, News, Regulation, Tech

The United States, through its Treasury Secretary Steve Mnuchin, has declared that they are closely watching the digital currency ecosystem and could turn the US dollar into a cryptocurrency in the distant future. Crypto Dollar According to Express, Steve Mnuchin has said that in line with the recent popularity of...

UW System School infected with Bitcoin Mining Scripts

January 15, 2018 by Akshay Makadiya at Altcoins, Bitcoin, Mining, News, Tech

The University of Wisconsin System discovered three of its servers mining Bitcoin. The UW Madison news section reported, illegal crypto miners exploited three servers at UW-Madison, UW-Stout, and UW-Superior by installing Bitcoin mining malware via the Oracle WebLogic software vulnerability. The UW System schools infected server were put offline to...

Goldman Sachs Report Explores use of Bitcoin as Currency

January 15, 2018 by Rahul Nambiampurath at Bitcoin, Commentary, Finance, News

On January 10, 2018, analysts from Goldman Sachs Group, the Fortune 500 investment company, published a nine-page lengthy report titled “Bitcoin as Money.” Taking Crypto Seriously The report was the firm’s first exploration of bitcoin’s possible use as a currency and was written primarily by analysts Zach Pandl and Charles...

Vladimir Putin: It is Imperative to Regulate Bitcoin and Other Cryptocurrencies

January 15, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Commentary, News, Regulation

Russian President Vladimir Putin has declared his intentions to enact laws that will comprehensively regulate the cryptocurrency markets very soon. Crypto Legislation on the Cards The no-nonsense Russian president Vladimir Putin has made it clear that his regime is not ready for half-baked crypto regulations going forward. Putin is of...

Pineapple Fund Promises $4 Million To Study Aimed At Finding Health Benefits Of MDMA

January 15, 2018 by Priyeshu Garg at Bitcoin, Commentary, Finance, News

The still-young but famed Pineapple Fund has once again come into the limelight after promising a new round of funding for the US-based Multidisciplinary Association for Psychedelic Studies (MAPS). The money raised via this new initiative will go to a research project analyzing the health benefits of MDMA. Medical Progress...

Indiana Hospital Hacked, Held Ransom for Bitcoin

January 15, 2018 by Priyeshu Garg at Bitcoin, News, Tech

Hancock Regional Hospital, just east of Indiana, has become the latest victim of a Bitcoin cyber-attack. New Attack Variants in the Digital Era According to local reporters in the county, Hancock Regional Hospital was a victim of a computer systems hack on January 12, 2018. The unknown party of attackers...

Meet The World’s First Cryptocurrency All-Girl Music Group

January 14, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Entertainment, News

The world has seen several pop groups from Japan like AKB48 and Morning Musume, but there have never been one like the eight-member, all-girl pop group Kasotsuka Shojo, whose primary theme is cryptocurrency. The Crypto Girls Kasotsuka Shojo is japan's new all-girl music group. They are a group of eight...

SEC Slams The Brakes On Bitcoin ETF Products And Crypto Mutual Funds

January 14, 2018 by Priyeshu Garg at Bitcoin, Commentary, News, Regulation

In a move that is sure to raise many eyebrows in the investor's community, the United States Securities and Exchange Commission (SEC) has requested several exchange-traded fund (ETF) providers to put their plans to create bitcoin ETF products on halt. What Prompted the SEC Move? Not only that, but the...

JPMorgan CEO: Bitcoin Not a Fraud

January 12, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Commentary, Finance, News

The CEO of the financial services company JP Morgan Chase “regrets” statements he made in September of 2017 when he publicly denounced bitcoin as being fraud. His accusations included claiming that the craze was worse than the much-referenced tulip bulb frenzy, and threatening to fire anyone “stupid enough to trade...

Australian Tax Office to scale up Surveillance on Cryptocurrency Traders

January 12, 2018 by Akshay Makadiya at Altcoins, Bitcoin, News, Regulation

The Australian Tax Office (ATO) is planning to institute a task force that shall monitor cryptocurrencies trades to ensure the right amount of tax is being paid on crypto profits. The report came from the Australian Financial Review. Due to the lack of regulations, early bitcoin adopters have made a...

Bitcoin: 2017 Was Great, and 2018 Could Be Greater If…

January 11, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Commentary, Finance, News, Regulation

The flagship cryptocurrency’s price hit $1,000 for the first time in 2017 and rallied to a high of $20,000, gaining the attention of institutional investors like the CBOE and CME Group on the way to the moon. Bitcoin analysts and enthusiasts have predicted an excellent 2018 for Bitcoin, but there...

South Korean Authorities Points its Searchlight on the Bank Accounts of Cryptocurrency Exchanges

January 11, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, News, Regulation

There has been a lot of ‘scary' news from South Korea concerning bitcoin and cryptocurrency regulation in recent weeks. Just yesterday, the South Korean Financial Intelligence Unit and Financial supervisory service said they would jointly inspect the bank accounts of cryptocurrency exchanges in the country. One Week, One Trouble The...

Finance Guru James Altucher to Launch Cryptocurrency Exchange

January 10, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Finance, News, Regulation

Recent reports from mainstream media towards the end of 2017 have indicated that the famous American hedge fund manager James Altucher is taking a keen interest in the cryptocurrency ecosystem. Crypto Trading Platform It has also emerged, according to publicly available documentation, that one of the companies he co-founded, Bitzumi,...

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