A Monero Mining Bot Is Spreading Through Facebook Messenger

If you’ve interacted with Facebook, you may have had run-ins with spam bots that infest your profile (or your friends’ profiles) and post links or advertisements without your permission. Well, the same malware that tells your friends to “Check out this link for 90% off a BRAND NEW pair of Ray Bands. WOW!” is now being … Read more

Vietnam Investigates Merchants for Accepting Bitcoin Despite Warnings

Vietnamese authorities have announced that they are investigating establishments that accept bitcoin for payments. This follows reports that restaurants and cafes are still accepting the digital currency despite the government warning that bitcoin is not a legal means of payment in Vietnam. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto … Read more

Miners from 15 Countries to Give Input for Russian Cryptocurrency Bill

Cryptocurrency miners from 15 countries have confirmed that they will be showing Russian parliamentarians how cryptocurrencies are mined and discussing their countries’ specific approaches to mining regulation. After the meeting, the Russian government plans to draw up recommendations and proposals for crypto legislation, which will be submitted on December 28. Also read: South Korea Clarifies Position … Read more

Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years

The president of Belarus, Alexander Lukashenko, has signed a decree which legalizes cryptocurrencies, initial coin offerings (ICOs), and smart contracts. All crypto transactions and related income, including from mining, will be tax-free for the next five years. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Legalizing Crypto Transactions and … Read more

These Are The Five Cheapest US States for Bitcoin Mining

For cryptocurrency miners seeking to set up a profitable operation, every kilowatt hour counts. As little as a cent per KWh can make all the difference between a mining farm being viable or infeasible. U.S. bitcoin miners have received a helping hand in choosing where to set up shop thanks to new research that reveals … Read more

Two Weeks After Losing $60 Million in Bitcoin, Nicehash Are Back

In early December, mining pool Nicehash was forced to close after allegedly being hacked, losing almost 4,450 BTC in the process. At the time, those bitcoins were worth around $60 million and they have appreciated substantially since then. Miners who had their newly minted coins stolen feared they were gone for good. To their delight, … Read more

Japanese Internet Giant GMO Launches Bitcoin Mining Business

Japanese Internet leader GMO Group has announced today that it has launched a new cryptocurrency mining business through its European legal entity, as it aims to gain a better understanding of the virtual currency. Also Read: Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy GMO Launches Bitcoin Mining Business Japanese conglomerate GMO Group has introduced … Read more

Bitcoin Fees Have Become Infeasible

In 2013, one bitcoin cost $20. In 2017, it costs $20 to send one bitcoin. With record highs, thriving adoption, and media attention, this should be a celebratory time for bitcoin believers. And yet it’s hard to shake the feeling that something isn’t quite right. How did we reach a point where the world’s bank … Read more

Bitcoin is Trading at a 40% Premium in Africa – Here’s Why

This week bitcoin surpassed $19,000 on global exchanges, with the exception of one continent – Africa. Customers of the world’s second largest and second most populous continent were already paying that much per coin back in November. Prices at Africa’s Golix.com exchange have been 40% higher than the rest of the word for months. Now … Read more