Month: February 2018

Bitcoin mining is booming in Iceland. Problem is, they don’t have enough energy to go around, and not everyone in the government is on board. Black Out Mining bitcoin – the process of confirming transactions across the blockchain – is an incredibly energy-consuming process. To meet the computational demands needed to actually turn a profit from cryptocurrency payouts, miners require top-tier hardware and cheap energy. Iceland provides the latter, but there isn’t enough for everyone. Iceland is one of the best places on Earth to mine Bitcoin, thanks in part…

It’s no secret that crypto incubators and hedge funds get access to the best deals because of their inside connections… But, now, for a short time, there is a way for regular investors to ride on the coattails of one of the most connected teams in crypto – right in your brokerage account. In short: The team behind Global Blockchain Technologies (CSE: BLOC; OTC: BLKCF) is the best way to play the crypto boom. The company is the world’s first blockchain hedge fund, an incubator for new crypto up-and-comers. Most importantly, it’s…

Customers in Dublin can now pay for their morning coffees or afternoon snacks in cryptocurrency at the newly-opened Crypto Cafe on Aungier Street. Coffee, Cakes, and Crypto Started by Nash Basel, the Crypto Cafe aims not only to be a place where customers can conveniently pay with cryptocurrency, but also a central hub for crypto enthusiasts looking to socialize and talk shop over coffee and cakes. The cafe features a screen displaying live cryptocurrency prices and plays host to local cryptocurrency gatherings. Currently, Basel’s cafe only accepts Litecoin and Ethereum…

Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one would think. Also read: The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC The Promises of United Bitcoin A few months ago we reported on the UBTC project created by Jeff Garzik,…

South Korea is now considering a licensing scheme for cryptocurrency exchanges in a major U-turn on its previous suggestion to ban them. Govt. To Debate ‘Exchange Approval System’ As local news media outlet Business Korea reports Monday, lawmakers from a dedicated “cryptocurrency task force” are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them market entry. The New York scheme is several years old and faced teething problems, including backlogs and exorbitant costs, while 2017’s move by Japan received…

Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are to blame for losses that have reached half a billion dollars in the last seven months. Also read: Cryptocurrency Exchange Bitgrail Suspends Operations After ‘Losing’ $170 Million of Nano Bitgrail Gets Railed for Dodgy Code…