Day: December 8, 2018

Power Ledger’s Blockchain Energy Service is Live in Fremantle

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Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will participate in the trial that will end next year in June. Efficient Balancing of Supply and Demand During the trial, households will enjoy the flexibility of determining the price at which they are willing to…

Crypto, Bitcoin (BTC) Crash Just A “Bump In The Road”

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Diehards: Bitcoin (BTC), Crypto Slump Is Just A Bump Since Bitcoin (BTC)’s first day on the block, if you will, there have been a number of diehard decentralists that have seen immense value in the world’s first blockchain network. And while much has changed since the launch of the project, originally headed by pseudonymous coder Satoshi Nakamoto, with the crypto industry seeing sweeping market cycles, zealous believers in this decade-old innovation haven’t faltered in their belief. In a testament to this undying belief, at the Bloomberg Crypto Summit on Friday,…

Lawsuit Filed Against Roger Ver, Bitmain, Kraken Over ‘Hijacking Bitcoin Cash Network’

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On December 6, 2018, publicly listed American internet services company UnitedCorp filed a lawsuit against Bitcoin Cash proponent Roger Ver, the founder of bitcoin.com, bitcoin mining giant Bitmain and cryptocurrency exchange Kraken for allegedly hijacking Bitcoin Cash network unlawfully for personal benefit. Questionable Action or Not? United American Corp has filed the lawsuit in the US District Court for the Southern District of Florida, alleging the trio to colluded and hijack the Bitcoin cash network after November 15, 2018. The company has touted the action as an “effort to centralize…

Brazillian Bitcoin Exchange Sends User $35M Bug-Induced Error

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Exchanges Accidental millionaire Kaique Nunes has a bug to thank after his withdrawal request of 500 reals ($128) erroneously returned a cool 137 million reals ($35.13 million) from Brazilian bitcoin exchange Bitcambio. Nunes was not too eager to part with his overnight millions when Bitcambio started contacting to effect a reversal of the transaction, suspecting an elaborate scam. Also read: Coinbase Opens Door to More Than 30 New Cryptocurrencies Fortune Bugs a Man’s Account The Brazilian walked into his fortune last month when he drafted an order for $128, and the…

Ethereum Constantinople To Launch In Jan. 2019, ETH Surges 10%

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Ethereum Constantinople Blockchain Upgrade Nearing Activation As reported by Ethereum World News in early-October, after developing Constantinople for months, the Ethereum core development team decided to take the blockchain upgrade to the network’s Ropsten testnet. At the time, the developers believed that if the test succeeded, Constantinople, a protocol that will decrease block rewards and divert ASICs,  would be uploaded to the mainnet by October’s end. However, upon activation of the upgrade on Ropsten, it became apparent that something was amok, as the fork stalled at block 4,299,999 for two…

Blockchain Policy Development in China Concentrated in Three Cities

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Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7. The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in the recent years, and concluded that there are 32 blockchain-related policies within the country. Meanwhile, 11 projects are concentrated in three areas: Beijing , Shanghai  and Guangzhou. The publications states: “Blockchain technology [is aimed] to serve the real economy, focusing on the balance between innovation, regulation and…

Bitcoin (BTC) At $3,400: Crypto Analyst Looks To “Cockroach” News

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Crypto Rebounds (Slightly), Bitcoin (BTC) Still Under $3,500  To say that crypto’s past 24 hours have been chaotic would, frankly, be putting it rather lightly. While Bitcoin (BTC) recently underwent a slight recovery to move above $3,400, the past day has seen the aggregate value of all cryptocurrencies range between $100 billion and $115 billion. The $100 billion figure, seen for a few fleeting minutes on Friday, has been lauded as a “make or break” level for this nascent industry at large. This tumult, which is undoubtedly a worrying sight for…

Bitcoin (BTC) At $3,400: Crypto Analyst Looks To “Cockroach” News

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Crypto Rebounds (Slightly), Bitcoin (BTC) Still Under $3,500  To say that crypto’s past 24 hours have been chaotic would, frankly, be putting it rather lightly. While Bitcoin (BTC) recently underwent a slight recovery to move above $3,400, the past day has seen the aggregate value of all cryptocurrencies range between $100 billion and $115 billion. The $100 billion figure, seen for a few fleeting minutes on Friday, has been lauded as a “make or break” level for this nascent industry at large. This tumult, which is undoubtedly a worrying sight for…

Gemini Adds Support for Bitcoin Cash Trading and Custody on the ABC Network

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Cryptocurrency exchange Gemini announced support for Bitcoin Cash (BCH) custody and trading today with a post on its official Medium blog, Dec. 8. Gemini, which is based in the United States, was founded in 2015 by the Winklevoss brothers. The exchange pointed out that, at the moment, it will “only be providing support for the Bitcoin ABC network” which is identified on the platform as “Bitcoin Cash with ticker: BCH.” Gemini declared that they “are continuing to evaluate Bitcoin SV over the coming weeks or months, and we may or…

‘Crypto Crisis’ Mining Simulator Lets Players Relive the Last 10 Years of Bitcoin

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In October, an early access game called Crypto Crisis was released on the digital distribution platform Steam. The recently launched title rewinds time to the year 2009 and lets players mine coins on a simulation of the Bitcoin network by utilizing historical data from the last decade. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Simulated Bitcoin Mining Operations   The new simulator game, designed by Armoured Beans, allows players to relive a “closely simulated” version of the Bitcoin network. Essentially Crypto Crisis players spawn back in…