Category: Uncategorized

This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners. Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last February One of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations The Italian multinational renewable-energy corporation located in Rome, Enel, made a statement on Thursday that explains it will not sell power to data centers who plan to mine cryptocurrencies. According to the financial publication Bloomberg the company was allegedly discussing a deal with…

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Last week, I made an analysis of the bitcoin price situation. My analysis noted that while the rumors of Wall Street price manipulation was most likely false, the fear was real. Despite that, the price did not break under $10,000. Because my inclination towards bitcoin is bullish (based on the the positive sentiment around the Lightning Network) my conclusion was that there was a chance that we had bottomed out and would resume a recovery towards $13,000-14,000 in the coming weeks. I was wrong. Also read: Trading Tip `The Wall´ – Wall…

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JPMorgan, Bank of America, and Citigroup are all putting a stop to Bitcoin purchases made using their cards, citing high risk due to extreme price volatility. Credit Card Declined With Bitcoin suffering one of its worst weeks since 2013, major US banks are putting a stop to Bitcoin and other cryptocurrency purchases made using their credit cards. According to reports, JP Morgan Chase, Bank of America, and Citigroup are all banning cryptocurrency purchases using their credit cards, leaving some investors eager to “buy the dip” out in the cold. From the…

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On February 1 the cryptocurrency media outlet and blockchain company Coingeek announced it plans to fund the Electron Cash team’s development. The new Electron Cash projects will involve working on innovative plans for the bitcoin cash ecosystem and a partnership with the firm Nchain. Also read: Bitcoin Cash Supporters Prepare for the Network’s Next Six Month Coingeek Will Provide the Electron Cash Team $300,000 Per Year to Continue Adding Value to the Bitcoin Cash Ecosystem Coingeek.com has announced funding the team who created the Electron Cash wallet, one of the first…

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Cryptocurrency holders traveling to one of Australia’s busiest airports will be able to experience and enjoy the first ever digital currency airport terminal. Virtual currencies have an eventual aim to be the global medium of exchange. Awareness, interest, and adoption are growing in many countries, showing that that aim may soon be realized. The industry is also paving the way for a number of startups who mainly have a goal of incorporating crypto into our everyday lives. Australian-based TravelbyBit is one such platform, who is on a mission to get…

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The crypto markets have been having an interesting week to put it mildly. Seas of red and deep cuts have had the vultures circling, the the weak hands folding, and the naysayers expending their lifetime’s allocation of “I told you so’s”. While the last two weeks have been painful for anyone who bought bitcoin in December or ripple in January, they’ve been welcomed by many as “a necessary correction” and an opportunity to pick up cheap coins. Also read: Tether Printed One-Third of All USDT After Receiving Subpoena Flash Sale for…

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The New York Power Authority CEO has recommended that the organization approve a request for cheap energy towards Bitcoin mining in the town of Massena, New York. From Smokestacks to Server Racks The state of Washington immediately comes to mind when talking about bitcoin mining operations in the US. But New York? NCDC (North Country Data Center Corp), a subsidiary of Coinmint, is planning to set up a mining center at a closed site for a traditional smokestack industry in Massena, located on the shore of the St. Lawrence River…

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Japanese investors are undeterred by the recent Coincheck hack and the general public is now more interested in cryptocurrencies due to the constant hype in the media. Bitflyer, Japan’s largest crypto exchange by volume, is seeing a rapid increase in the number of registered users. “Ironically, many people got interested in cryptocurrencies after this incident,” an executive of the exchange told news.Bitcoin.com. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The Aftermath of Coincheck Hack It has been a week since a major Japanese cryptocurrency exchange, Coincheck,…

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As the cryptocurrency market experiences growing pains, cybercriminals continue to dupe inexperienced investors. A recent example is a phishing scam targeting the Bee Token ICO, resulting in a lot of stolen Ethereum. Phishing for Honey Over $1 million worth of Ethereum tokens has been stolen by cybercriminals posing as Bee Token, a cryptocurrency startup with hopes of revolutionizing the home sharing industry by way of the blockchain. Bee Token officially confirmed the phishing attacks via its official Twitter and Medium accounts. This is a fake/scam email. Please disregard it. https://t.co/CzhhGvoFl6…

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Japan’s Financial Services Agency raided the offices of the hacked Coincheck cryptocurrency exchange to see if they had adequate funds to repay customers. The recent hack of the Coincheck cryptocurrency exchange in Japan sent a shock wave through the crypto world. The total value of the loss was staggering, coming in at around $530 million. The Financial Services Agency (FSA) originally gave the exchange essentially a slap on the wrist, but due to the seriousness of the situation, FSA regulators raided the offices of Coincheck today. Knock, Knock After the…

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