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Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation. Also read: Crypto … Read more
In recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was shot by gangsters after failing to deliver on returns on the gang’s investment into his … Read more
The Bitcoin Cash (BCH) blockchain is now less than two years away from its next block reward halving. Current statistics show the BCH chain will halve its reward from 12.5 BCH to 6.25 BCH on or around April 6, 2020, and with more than 80 percent of BCH now in circulation, when the next halving … Read more
Over the past few months, there has been an ongoing theoretical and ideological debate concerning the difference between mining nodes and non-mining nodes, and whether or not one set of nodes is more important than the other. The ongoing argument between BCH proponents and BTC supporters often leads to the node debate as to which … Read more
Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Launching on June 6 The wait for 7nm bitcoin mining products … Read more
Employees of a regional police department in Ukraine were recently caught mining cryptocurrencies using the department’s resources, according to the court document. They had been mining for four months before they got caught and their mining farm seized. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Police Mining Farm Discovered Employees of the National … Read more
The following opinion piece on Bitcoin Cash was written by Jonald Fyookball We’ve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant; miners didn’t understand their power and responsibility. Last Friday, Coingeek.com held a … Read more
On May 15, 2018, the Bitcoin Cash (BCH) network upgraded the chain’s base block size from 8MB to 32MB. The software advancement makes blocks big enough to process lots of transactions over time — which gives developers plenty of breathing room to adjust the size if it starts getting closer to its limit. Unfortunately, many misdirected individuals … Read more
In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based … Read more
The mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over … Read more
