Bitcoin 

How Bitcoin Have Its Value In Ten Years

This month marks ten years since the bitcoin.org domain was registered. Bitcoin.org was originally registered and closely-held by Bitcoin’s 1st two developers, Satoshi Nakamoto, and Martti Malmi. Bitcoin, the world’s 1st cryptocurrency is at the forefront of a complex financial set-up viewed warily by markets and investors. October 31, 2008, marked the birth of bitcoin. Bitcoin didn’t technically begin trading till January 2009, thus why are we celebrating its ten years? Simple as a result of this marks the day that a mysterious person named Satoshi Nakamoto announce a paper…

Read More
Bitcoin 

Don’t Upgrade Your Bitcoin Miners to Bitmain’s AsicBoost Patch

Bitcoin mining pool operator Slush Pool is urging miners not to upgrade their Antminer S9 devices to a new firmware patch released this morning by manufacturer Bitmain, as it will render the devices incompatible with Slush Pool. According to Slush Pool, Bitmain’s firmware upgrade is not compatible with the BIP310 standard, which outlines a generic mechanism for specifying stratum protocol extensions. Consequently, users who upgrade their S9s will not be able to mine on Slush Pool until the firm is able to develop and implement a workaround. In the meantime,…

Read More
Bitcoin 

Payments Processor BitPay Integrates Stablecoin Settlements

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in 190 countries to accept international payments without relying on costly, time-consuming wire transfers. GUSD was recently launched by Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss. The token, whose balance sheet will be…

Read More
Bitcoin 

Bitcoin Will be Legal, Mining to See Regulation: Russia’s Deputy Finance Minister

Russia’s deputy finance minister Alexei Moiseev has reportedly stressed that buying bitcoin and other cryptocurrencies will be legal in the country. The Russian government will not outlaw nor punish buying or selling cryptocurrencies, Moiseev revealed according to RT. However, the official underlined a stricter stance toward mining, suggesting a mandatory registration of cryptocurrency miners who would be limited to ‘legal entities and individual entrepreneurs.’ For others, cryptocurrency mining could be criminalized. Operators who mine cryptocurrencies for the creation of a financial pyramid or for the purposes of avoiding tax will…

Read More
Bitcoin News 

Bitcoin Mining Marketplace NiceHash Hacked: $62 Million Stolen?

A hacker successfully breached cryptocurrency mining marketplace NiceHash, resulting in the theft of up to $62 million worth of bitcoins. The NiceHash website had gone offline earlier in the day, which the company had chalked up to maintenance. However, the team revealed the true nature of the outage through an announcement posted on the service’s social media channels, confirming users’ worst fears after hours frenzied speculation. “Unfortunately, there has been a security breach involving NiceHash website,” the company wrote, adding that it was freezing all operations for at least the…

Read More