Finance Ministry Employees Caught Mining Cryptos in Kazakhstan

The Ministry of Finance in Kazakhstan has announced measures to improve security and oversight in its IT department after catching four employees mining cryptocurrencies on its servers. Joking that the miners have taken over the central bank’s main duty – money emission, a deputy called for crypto regulations. The National Bank is actually working on … Read more

Report Claims 34,000 Ethereum Smart Contracts Are Vulnerable to Bugs

Over 34,000 ethereum smart contracts containing $4.4 million in ETH may be vulnerable to exploitation. That’s the conclusion reached by a quintet of researchers hailing from Singapore and the UK. Their technical report, which is currently undergoing peer review, suggests that millions of dollars in ether may be at risk from poorly coded smart contracts … Read more

Oregon’s Cheap Hydropower Attracts a Swarm of Bitcoin Miners

Over the past few months, quite a few bitcoin miners have been flocking to regions in North America in places such as Vancouver, and multiple states in the U.S. throughout the Midwest. Now, according to the state of Oregon’s regional press, miners are starting operations in the area because of concentrations of cheap hydropower. Also … Read more

Centralized Cryptoruble Not Possible, Minister Tells Putin

The Russian Ministry of Finance is not against a national cryptocurrency, provided the state does not participate in it. The creation of a centralized coin, like the cryptoruble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Finance Minister Anton Siluanov told President Putin, according to Russian media.   Also read: Russian Authorities Criticized over … Read more

Bitcoin Usage Falls to Its Lowest in Months

There’s never a bad time to be sending and receiving bitcoin, but right now is especially good. Fees are at the lowest in 18 months, with the average transaction value now under a dollar. This contrasts starkly with the latter quarter of last year, when rising fees peaked at $34. There’s a primary reason why … Read more

Smartbtc Sees the Need for Centralized Python-Based Smart Contracts

Just recently the startup Smartbtc announced the execution of a bitcoin-based smart contract written in the Python codebase. The team intended to grow their Twitter following by creating a contract that paid 0.011 BTC after it accrued 1,000 followers in sixty days. After the goal was met, Smartbtc’s Python contract executed on February 19. Also … Read more

Antminer S5 Disrupts T-Mobile Broadband Network

The U.S. Federal Communications Commission (FCC) has demanded that a New York City resident turn off his bitcoin mining hardware after it was discovered that his Antminer S5 was interfering with a broadband network operated by T-Mobile. According to the FCC, the mining rig was “generating spurious emissions” and “causing harmful interference” on “frequencies assigned … Read more

Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and its being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, … Read more

Bitfinex Plans Launch of Decentralized Exchange Eosfinex

Bitfinex has announced that it will launch a decentralized cryptocurrency exchange built on the Eos.io platform. The new platform, Eosfinex, will be the first exchange to be hosted using Eos.io’s decentralized application infrastructure. Also Read: EOS Raises $700M Despite Token Affording No “Rights, Uses, Purpose, or Features” Bitfinex Partners With Eos to Develop Eosfinex Bitfinex claims … Read more

Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company

Think of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then … Read more