Tag: BCH

It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed. Bitmain Forgot the Rule for Selling Shovels The world’s largest cryptocurrency mining rig maker is facing a tough year, as…

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A GitHub report opened on September 17, 2018, revealed a recent bug in the Bitcoin Core versions 0.14.0 to 0.16.2. The exploit threatened to crash Bitcoin Core if the most recent version wasn’t updated. The anonymous reporter reached out to developers of the pioneer cryptocurrency with their findings, after which Anthony Towns, Hennadii Stepanov, Matt Corallo, Suhas Daftuar, Thomas Kerin,…

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Over the past few years, several factions have developed in the global cryptocurrency community who “battle” each other on social media platforms such as Twitter and Reddit to determine supremacy of their favored project(s). Rarely a day goes by where someone in the community is not having “Twitter beef” with someone, and this trend is unlikely to stop anytime soon…

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Craig Wright, the Australian computer scientists and self-proclaimed creator of Bitcoin, has landed in a new controversy after tweeting August 28, that miners who can’t mine blocks of 32MB deserve to go bankrupt. Expectedly, a war of words soon broke out on the microblogging platform with many pointing out that Wright got his math completely wrong when he claimed that…

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Morgan Creek Digital Asset Index Fund launched on August 29th signaling a jump forward for large-scale adoption of cryptocurrencies. With the backing of the Morgan Creek Institutional Investment House, the digital asset index fund will include significant players like bitcoin, and ethereum, though it will leave ripple and lumens out of the asset mix. Morgan Creek currently manages around $1.5…

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Bitmain, the Chinese mining conglomerate, is raising eyebrows ahead of its IPO in August 2018 after critics pointed out the firm is holding vast amounts of Bitcoin Cash (BCH). The company’s founder, Jihan Wu, is a popular proponent of the controversial Bitcoin hard fork. Bitmain’s BCH Woes On August 11, 2018, Blockstream CSO Samson Mow tweeted a post detailing Bitmain’s…

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If you think the world of cryptocurrency is free of drama, you can’t be more wrong. The first bitcoin website in the world, bitcoin.org, has become the focus of a heated dispute over its ownership and is getting increasingly more attention. The most of the discussion is taking place on a GitHub issue thread. Burning Issue: Cobra Bitcoin’s Alleged Support…

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Crypto prices have rebounded following the reversal of separate anti-crypto decisions by Facebook and Google. After previously banning cryptocurrency ads on its platform, Facebook has whitelisted Coinbase advertisements, and Google on its part now includes major cryptocurrency coins in its exchange rate converter tool. Internet Giants vs. Crypto BTCManager reported earlier that Facebook and Google both faced backlash following poorly-received…

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After being criticized by the bitcoin community for its overly draconian nature, it appears the New York authorities are now ready for serious business. U.S.-based bitcoin payments processor BitPay has been granted the BitLicense, making it the eighth cryptocurrency related business to gain the New York Department of Financial Services (NYDFS) approval in three years. Joining the Crypto Elite Global bitcoin…

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The appalling economic crisis in Venezuela serves as a robust litmus test of peer-to-peer digital currency transfer mechanisms. Ongoing crypto aid efforts must be encouraged to help a “dire humanitarian situation.” Circumventing Corruption with Cryptocurrencies On July 11, 2018, Forbes cited a Center for Strategic and International Studies (CSIS) report which highlighted the use of cryptocurrencies in providing aid to…

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