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McAfee Report: Cryptocurrency Mining Malware to only Grow in Magnitude

Cryptojacking: 415,000 Routers Infected with Cryptocurrency Mining Malware Globally

December 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Platform, Tech

While the price of bitcoin has nearly hit rock bottom from its $20,000 all-time-high of 2017, the bloodbath has not deterred bad actors from carrying out cryptojacking attacks. According to a Digital Trends report on December 4, 2018, rogue actors have installed crypto mining malware on 415,000 MikroTik routers globally. Cryptojackers on...

Bitcoin, Ether, and XRP Weekly Market Update December 23, 2019

Bitcoin, Ether, and XRP Weekly Market Update: December 6, 2018

December 6, 2018 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, Finance, Investment, News

During the last seven days, the total crypto market cap lost another $14 billion of its value. Bitcoin managed to avoid dropping below the $3,800 level but could not reverse the overall bear market trend. BTC-USD Bitcoin closed above the previous support at $4,300 (at $4,320) on November 29, 2018,...

Blast from the Past Bitcoin Price Decline Bears Strong Resemblance to the Nasdaq Crash of 2000

Nasdaq to Offer Bitcoin Futures from Q1 2019 after CFTC Clearance

December 5, 2018 by Aisshwarya Tiwari at Adoption, Bitcoin, Commentary, Exchange, Finance, News

Nasdaq will list Bitcoin futures from early 2019, confirmed Express UK on December 3, 2018. The premier cryptocurrency is set to find its way through the robust New York-based exchange markets after obtaining clearance from the Commodity Futures Trading Commission (CFTC). Could Nasdaq’s BTC Futures Kick-start Another Bull Run? In...

Thieves Kidnap, Drug, Beat, and Torture a South African Bitcoin Enthusiast

December 5, 2018 by Nuno Menezes at Bitcoin, Crime, News

A South African man was recently kidnapped by a group of five people in Soweto who went as far as to drug and torture him to get access to his cryptocurrencies according to December 2, 2018, reports. Bitcoin Presentation Soweto Urban reported that on November 16, 2018, a man from...

How One of the Largest Institutional Whales Came Out From the Shadows

While You’re Pouting about Crypto Prices, Whales Are Accumulating Billions

December 5, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Finance, Investment, News, Platform, Tech

Active trading whales have accumulated more in 2018 than any period in the Ethereum's history despite the ongoing bear market, holding a fifth of Ethereum's total circulating supply, Diar reported on December 3, 2018. Ethereum Whales Accumulate Billions The current bear market that has plagued the crypto industry since early...

A coin looking pretty stable on some rocks

Bitfinex and Ethfinex Now Lists Six Different Stablecoins

December 5, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Exchange, Finance, News, Platform, Tech

Bitfinex and Ethfinex, two leading digital asset exchanges, now enable clients to trade all six major stablecoins on both exchanges in an attempt to create coin agnostic platforms, the companies announced in a Medium post on December 4, 2018. Six Stablecoins Now Available for Trading on Bitfinex Starting on December...

Supreme Court of India Reschedules Cryptocurrency Ban Petition to September 2018

Ministry of Finance Files Counter Affidavit on Cryptocurrencies in Supreme Court

December 5, 2018 by Pratik Makadiya at Bitcoin, Blockchain, Business, News, Platform, Tech

In what will come as a temporary respite, the Indian Ministry of Finance has filed a long overdue counter affidavit to the petition filed by concerned citizens. On October 25, 2018, the Supreme Court of India had directed the counsel of the Union of India to file a counter affidavit...

OpenNode: Bitcoin’s Lightning Network’s Own “PayPal”

December 4, 2018 by Pratik Makadiya at Bitcoin, Blockchain, Business, Cryptocyclopedia, Development, Finance, News

Bitcoin had a steady start as a medium of exchange and has slowly begun challenging the hundreds of decades-old fiat money system. Businesses are now moving towards developing systems which could aid the further adoption of the pioneer cryptocurrency over fiat. Bitcoin Payment Processing: An Introduction To explain in brief,...

Robin Hood Figure Shooting Arrow into Lightning Storm

LightningHood Website Features Promising Projects and Resources for Lightning Network

December 4, 2018 by Cindy Huynh at Bitcoin, Development, News, Platform, Tech

Bitcoin and Lightning Network enthusiasts recently launched a website dedicated to featuring projects supporting the speedy second layer solution. According to the LightningHood’s Medium blog post, published on December 2, 2018, LightningHood is keen to help the growing community by providing everyone in the ecosystem access to resources such as...

German Private Equity Fund to Launch Bitcoin Mining Farm in Asia

December 3, 2018 by Aisshwarya Tiwari at Bitcoin, Business, Finance, News, Platform, Tech

According to an article published by Deutsche Finanz, November 29, 2018, Munich-based private equity firm Xolaris is set to launch a $50 million bitcoin farming fund to expand its business into the Asian market. This comes at a time when the market crash has forced many small-scale miners to throw...

Canadian Payments Startup Glance Rolls out “Pay With Bitcoin” Feature Across all Merchants

December 3, 2018 by Rahul Nambiampurath at Adoption, Bitcoin, Business, Finance, News, Platform

Canadian payments company Glance has announced that its users will now be able to use Bitcoin as a payment method across all existing merchants and services. In a press release issued November 29, 2018, the company explained that the new feature will be called “Pay With Bitcoin.” Despite the name, however,...

Reddit’s Bitcoin Community Reaches 1 Million Subscribers

December 3, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Finance, News, Platform, Tech

While Bitcoin's price has been on a continuous downward slope since November, the cryptocurrency's official subreddit, 'r/Bitcoin', has achieved one of the biggest milestones on Reddit, reaching 1 million subscribers on December 2, 2018. Bitcoin's Subreddit Reaches an Important Milestone Despite the raging bear market that has been shaking the...

Bitcoin Mining Carts Heading Through Portal

Canadian Firm Squire Mining Set to Acquire CoinGeek in $45 Million Deal

December 3, 2018 by Aisshwarya Tiwari at Bitcoin, Blockchain, Finance, News, Platform, Tech

According to an article published by Finance Magnets, dated December 3, 2018, Canadian firm Squire Mining is set to purchase CoinGeek, a cryptocurrency news website, and mining pool operator. Acquisition Cost Close to $45.3 Million Based out of Vancouver, Canada, Squire Mine is an ASIC chip designing firm with a...

Computing Rigs Powering the Cryptocurrency Mining Industry

More Than 100,000 Mining Operations Shut Down Since Bitcoin Plunge

December 3, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Tech

The recent rout in Bitcoin has caused more than 100,000 mining operations to close as they become unprofitable, leading to a consolidation going on among miners as the threat of hacks and fight over network control rise, Bloomberg reported on December 3, 2018. Falling Crypto Prices Have a Profound Effect...

Bitcoin Mining Made Accessible with BitMOR

Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved

December 2, 2018 by Nuno Menezes at Bitcoin, Development, Mining, News

On November 27, 2018, the U.S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model. Energy Efficient Mining The patent submission was filed June 29, 2016, and was...

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