EXCHANGES

US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain

[ad_1] U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will be fully installed at data centers operated by Core Scientific in the U.S. over the next four months, it added. Washington-based Core
BLOCKCHAIN

Soramitsu Starts Testing ‘White Tiger’ Digital Currency in Japan

[ad_1] Japanese blockchain company Soramitsu announced it would start testing a new local digital currency for retailers at the University of Aizu.According to a June 29 report in the Nikkei newspaper, Soramitsu will begin testing “White Tiger,” a digital currency sitting on the company’s native Hyperledger Iroha blockchain. The digital asset will be tested at cafeterias and shops at the University of Aizu in Fukushima Prefecture, 300 km north of
EXCHANGES

Bitcoin May Hit $10,500 “Sooner or Later,” Boosting Case for Upside

[ad_1] It’s been a tough past few days for Bitcoin traders. After holding ~$9,400, the cryptocurrency temporarily slipped under $9,000 on the weekend. In the process, dozens of millions of BitMEX longs were liquidated. Yet an analyst has asserted that there’s a high likelihood BTC revisits $10,500. Bitcoin then surmounting that level may lead to even greater gains, with some calling for “new highs.” Bitcoin Could Soon Revisit $10,500 According
BLOCKCHAIN

Blockchain Prediction Platform Augur Launches V2 on July 28

[ad_1] Blockchain-powered event betting company Augur says that users of its REP cryptocurrency need to migrate their tokens once a new version of the platform is available starting July 28.According to an announcement posted to the platform’s website on June 29, Augur v2 will launch on the Ethereum (ETH) mainnet at the end of next month. This means that REP token holders need to manually migrate their coins to the
EXCHANGES

Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email

[ad_1] This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards via email. Additionally, Bitcoin.com also launched send.bitcoin.com, a tool that provides users with the ability to send money in a number of local currencies by leveraging bitcoin cash. Bitcoin.com
EXCHANGES

Institutional Bitcoin Traders Think That the Top Is In; Factors to Consider

[ad_1] Bitcoin’s price has been flashing signs of overt weakness throughout the past several days and weeks The cryptocurrency is now rapidly approaching its critical support at $9,000 The buying pressure here appears to have been degrading over the past several days and weeks Institutional investors and professional traders on the CME appear to believe that the Bitcoin top is in, as most have flipped short on the benchmark digital
BLOCKCHAIN

Researchers Say New Lightning Network Attack Could Create ‘Chaos’

[ad_1] A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system.According to the “Flood & Loot: A Systemic Attack On The Lightning Network” paper, Jona Harris and Aviv Zohar from the Hebrew University in Israel evaluated a systemic attack on the Lightning Network that allows for the theft of BTC funds that were locked
BUY/SELL

Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

[ad_1] Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. This could signal that investors have given up expectations of a price decoupling, or they simply expect ETH price moves to mirror Bitcoin. In the case of potential catalysts for significant price moves, implied volatility tends to move up whereas an absence of
BLOCKCHAIN

Bitcoin as a tool to fight authoritarian regimes: Vladimir Putin critic explains

[ad_1] Sergei Guriev, professor of Economics at Paris’ Sciences Po and a critic of Vladimir Putin, told Cointelegraph how Bitcoin can be used as a tool to combat authoritarian regimes despite having “no fundamental social value”.Unlike fiat currencies, the purchasing power of Bitcoin is not backed by any institution. That is why, according to Guriev, “Bitcoin is a merely speculative instrument without any fundamental value”. He also pointed out that, unlike
BLOCKCHAIN

Qtum Preps for Mainnet Hard Fork With New Testnet Event

[ad_1] Proof-of-Stake, or PoS, blockchain Qtum successfully completed a hard fork of its testnet in preparation for the launch of its mainnet hard fork.According to a statement sent to Cointelegraph, the upgrade went live on the testnet at block 625,000 on June 29. This event officially introduced offline staking in Qtum.Mainnet hard fork to happen in August or at block 680,000The testnet event – scheduled to start on July 6