The first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action. The quadrennial block reward halving for Bitcoin Cash (BCH) has come and gone, with miner rewards dropping from 12.5 BCH to 6.25 BCH. The event marked a pivotal moment for the fifth-ranked cryptocurrency by market capitalization, as it was […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue Reading
With the rewards for BCH miners cut in half once they reached block 630,000 on April 8, the time between generating blocks has slowed. Not even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and block generation slowed significantly. Many predicted that at least some […]
Continue Reading
Crypto experts believe the recent COVID-19 related price crash has reduced the risk of a halving price dump and may have set up a bull market. The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe. Earlier today Chainalysis […]
Continue Reading
The Texas State Securities Board issued an emergency order against a crypto mining firm that allegedly made fraudulent COVID-19 charity claims. The Texas securities regulator has continued its crackdown on cryptocurrency scams, spotting an alleged fraudulent crypto firm that made fake claims about COVID-19 donations. On April 8, the Texas State Securities Board (TSSB) issued […]
Continue Reading
Continued strength has shaky foundations, warns one Cointelegraph analyst, who predicts “bearish divergences” for Bitcoin price beyond $7,500. Bitcoin (BTC) continued to shoot for $7,500 on April 8 as bullish momentum kept support at $7,000 firmly intact. Cryptocurrency market daily overview. Source: Coin360 $7K holds firm for BTC Data from Coin360 and Cointelegraph Markets showed […]
Continue Reading
Multi-billion dollar companies are more likely to use blockchain for traceability than for payments, according to a new analysis. Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published […]
Continue Reading
Developer 1st Playable has denied rumors its Cookstar game was used to hijack Nintendo’s Switch console to mine Bitcoin. Developer 1st Playable has denied rumors one of their games was used to hijack Nintendo’s Switch console to mine Bitcoin and other cryptocurrencies. While the recent Nintendo release, Cooking Mama: Cookstar, is connected to blockchain technology […]
Continue Reading
A deadline was set at May 4 to define who will represent Canaan stakeholders’ interests in class-action lawsuit against the mining firm. Law firm Robbins Geller Rudman & Dowd LLP announced on April 7 that the lead plaintiff motion deadline in the Canaan securities IPO class action lawsuit was set for May 4, 2020. The […]
Continue Reading
Crypto mining firm Riot Blockchain has been sued to pay $728,200 to cover an investor’s legal costs from separate security regulation violation lawsuits. An investor sued Nasdaq-listed cryptocurrency mining firm Riot Blockchain for $728,200 that the investor owes in another contract breach lawsuit. According to court documents filed on April 3, the aforementioned sum is […]
Continue Reading