Eastern China Police Bursts Local Bitcoin Mining Farms

[ad_1] Based on a recent report eastern China’s police has burst a bitcoin mining operation after an increase in the usage of electricity within the locality. During the arrest, the authorities seized 4000 “mining devices” and claimed that the mining farm wrongly used electricity worth 20 million yuan ($3 million)- according to information gotten from a local power provider A representative of Zhenjiang police said that: “In value, it is

Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update

[ad_1] Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on’s Youtube channel. Also Read: Win 2019 Rugby World Cup Tickets When You Play at Bitcoin Cash Adoption Grows Around the World In the weekly video update, CEO Roger Ver

Hacked Bitpoint Exchange Finds $2.3M in Stolen Crypto

[ad_1] Japanese cryptocurrency exchange Bitpoint has discovered over 250 million yen ($2.3 million) in cryptocurrency — part of a $32 million sum that was stolen last week, local English language daily The Mainichi reports on July 14.According to The Mainchi, Bitpoint found the stolen cryptocurrency on overseas exchanges that were using a trading system provided by Bitpoint Japan. Bitpoint told The Mainchi that the recent discovery brings the total sum

Ethereum Price Analysis: ETH Breaks Bullish Uptrend

[ad_1] On the 1oth of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears. Price levels look poised to drop further which will result in a much-needed correction. Ethereum Price Analysis: 4 Hour Chart On the 4 Hour ethereum

Is Bitcoin Quickly Becoming A 2020 Election Issue?

[ad_1] President Trump’s recent Bitcoin tweet might make cryptocurrency a discussion point for the 2020 election and crypto investors think this is a good thing. Let’s Talk About Bitcoin 2020 Thanks to U.S. President Donald Trump, Bitcoin is now officially a 2020 election issue. Earlier this week Trump responded to U.S. Federal Reserve chairman Jerome Powell’s comments that Bitcoin is a speculative store of value similar to gold and this

Who Is Heath Tarbert, What He Thinks of Crypto?

[ad_1] July 15 will mark the first day in the office for the United States Commodity Futures Trading Commission’s (CFTC) new chairman, Heath Tarbert. As the crypto community is bidding farewell to the regulator’s outgoing head, J. Christopher Giancarlo, his successor’s stance on digital assets remains unknown. Turning to Tarbert’s record as a civil servant and attorney in the financial markets field could shed some light on the direction that

Litecoin vs Bitcoin: Comparing Two of The Most Popular Cryptocurrencies

[ad_1] Litecoin vs Bitcoin Litecoin vs Bitcoin. Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes to become a successful cryptocurrency. Bitcoin is the clear poster-child for the crypto-community. However, Litecoin has developed

How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

[ad_1] Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to stop large tech corporations from “maintaining, or operating a digital asset.” Also read: How

Binance Announces Burn of Team’s BNB Token Supply

[ad_1] Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11.Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned in the event. The exchange notes that the burn is part of the firm’s

Pundi X Integrates Crypto Payments Into Traditional Sales Terminals

[ad_1] Cryptocurrency payments startup Pundi X announced that it has integrated its crypto payments system into a device made by American Point of Sale (POS) systems producer VeriFone in a press release July 12.Per the release, the startup has integrated its XPOS crypto payments module on the X990 Android-based POS terminal by VeriFone, which is reportedly one of the world’s major producers of such devices. The initiative aims to allow