Month: May 2020

During the last six days, America has been feeling the wrath of a myriad of protests and riots in nearly every major city across the nation. The U.S. is experiencing an uprising like never before, but some of the protests and demonstrations could be more peaceful. Acts like not voting for the political class, and using alternative monies like bitcoin can go a long way when it comes to civil protest. America Is on Fire, Governors Invoke Curfews, National Guard Deploys, and Martial Law Starts Trending on Twitter The protests…

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In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of individuals to search for decentralized video sharing platforms, and one particular project called Lbry.tv has been gathering a lot of traction. Censored Youtubers Are Migrating to Lbry.tv Censorship is abundant these days, as many of…

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The one who called himself Satoshi Nakomoto, created cryptocurrency so that anyone can keep their financial life untouchable and protected from the interference of others. However, requirements of customer disclosure put these principles at risk and ordinary users under threat of theft, extortion, and even kidnapping by bandits. Find out how you can protect yourself from this. Why Should Your Cryptocurrency Be Anonymous? To ensure the inviolability of personal financial information when creating cryptocurrency, Blockchain, which is a decentralized data storage system that can not be cracked, was taken as…

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The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. During the coronavirus outbreak, the central bank has unleashed a massive number of monetary easing tactics, which has prompted editors from Wikipedia to add updated information to the Fed’s Wiki page. The central bank’s page…

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China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected by Law The third session of the 13th National People’s Congress (NPC), China’s top legislature, voted on and passed the “Civil Code of the People’s Republic of China” on Thursday. In addition to general and supplementary provisions, the civil code ”includes…

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Hong Kong, 30 May, 2020 – ViaBTC Group, an innovative technology company specialized in blockchain and dedicated to providing users with comprehensive digital asset management services, today announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements. As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public…

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Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from just over $6.28 six days earlier. As a percentage of revenue for BTC miners, fees have also declined to just under 10% from 21% on May 20. Transaction costs had soared over 220% since the May 11 scheduled bitcoin…

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Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing away at the Bitcoin network and now there are 32 pools. Bitcoin Hashrate Rebounds Mining bitcoin is a competitive industry. The mining competition grows stronger each and every year. After the Bitcoin (BTC) network’s third…

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According to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor Bitpay says the company won’t be leveraging the Liquid project or the Lightning Network any time soon. Both projects are offchain solutions that have been touted as the answer to BTC’s scaling issues. However, both…

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South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendments to the existing tax law to include the cryptocurrency industry, with backing from the Ministry of Information and Technology. In September, the Ministry will table the amendments before Parliament. Once approved, the law will enter into force in 2021, allowing…

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