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The People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance. Also Read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot The PBOC Investigates the Power Usage of Bitcoin Mining Tencent Finance said that China’s central bank recently … Read more
U.S. lawmakers have been ramping up their efforts to regulate bitcoin and other digital currencies. Recently, advocacy groups who focus on government transparency have been growing concerned about politicians drafting laws while not disclosing their interests in cryptocurrencies. Also read: Is the Centralized Ripple Database With the Biggest Pre-Mine Really a Bitcoin Competitor? Ethics and Government … Read more
On this day nine years ago, quietly, bitcoin and its blockchain network were birthed with block zero, the Genesis Block. Without government permission or wealthy backers, it has generated a quarter trillion in value. In combination with the resultant industry it spawned, comprising thousands of alternatives, cryptocurrency is a seven hundred billion dollar market. Nearly … Read more
Renren, the first generation of Chinese social media, has announced its plan to start an ICO project called RR Coin. In reaction to the news, its shares spiked 13.57%. Also Read: From Mansions to Prisons: Bitcoin and Real-Estate Doesn’t Mix So Well From Renren to RR Coin Launched in December 2005, Renren has been dubbed “The … Read more
Transaction fees, a bugbear for many in the bitcoin community, are on their way down. Spiraling fees were a contentious issue that reached fever pitch in the twilight of 2017. But with the dawn of a new year, bitcoin has been blessed with reduced fees, set against a backdrop of increased Segwit adoption. Also read: … Read more
“Community” is a word that is synonymous with cryptocurrency projects, but aside expressing a desire to develop a strong user base, what does it actually mean? For exchanges, having a community-oriented model means consulting customers on new tokens, incentivizing participation, and creating a revenue-sharing system. Binance and Kucoin are two platforms that have tried this … Read more
There’s been a lot of hype surrounding purchasing real-estate with cryptocurrencies like bitcoin. However, even though bitcoin has spiked considerably in value using the asset for purchasing properties and homes is not so easy. Also read: Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy Bitcoin Real Estate Purchases Come With Difficulties Lately, … Read more
The bitcoin cash community moved one step closer to having their own address format today with the release of Bitcoin ABC 0.16.2. The full node implementation of BCH includes a switch to a proprietary address format to distinguish it from bitcoin core. It is hoped that this will eliminate issues of BCH being sent to … Read more
Investor Peter Thiel has reportedly made an all-in, rather giant, bet on bitcoin. Mainstream financial press is reporting his venture capital fund purchased and held the digital asset through last year’s thousand percent-plus gains, making the decentralized currency one of his firm’s most valuable investments. Also read: Jimmy Song Uses Andreas Antonopoulos Model, Open Sources … Read more
Russia’s president Vladimir Putin has reportedly commissioned work to create a cryptocurrency as a tool to circumvent international sanctions. His economic adviser explained that “no mining is possible” for the cryptoruble. Meanwhile, the country’s central bank and finance ministry have expressed skepticism about this “cryptocurrency.” Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details … Read more
