Day: April 15, 2020

Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving

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The cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining operations don’t know when next-generation miners will ship. The mining firm Hut8 has revealed in an earnings call that the company is worried about the aftermath of the coronavirus economy, the upcoming halving, and mining rig shipment delays. Also Read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC Hut8 and Riot…

How Will Bitcoin’s Price React When US Businesses Reopen?

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The U.S., like much of the world, has closed most non-essential businesses and ordered citizens to stay at home in an attempt to combat the spread of COVID-19. When the time comes for United States governing bodies to reopen the country, the Bitcoin (BTC) price could be impacted. “Once U.S. businesses open up, the key to watch for BTC is how the broader equities market reacts, as Bitcoin has been correlated with them recently,” Twitter crypto trader BigCheds told Cointelegraph in a direct message on April 15. “Bitcoin will continue…

Bitcoin Cash ‘Sleeper’ Tax Remains Hot Issue for BCH Community

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Despite being roundly rejected by a vocal majority of the Bitcoin Cash community, a controversial miner’s tax is still causing rifts among the coin’s adherents. In January, a conglomerate of Bitcoin Cash mining companies suggested an enforced 12.5% tax on BCH miners as a way of funding community development. After weeks of debate, the main signatories of the tax plan (comprising a majority of Bitcoin Cash mining power) reversed their decision, and the Infrastructure Funding Plan, or IFP, was dropped. Bitcoin Cash miner’s tax still a possibility? Merely a month…

Bitcoin Cash ‘Sleeper’ Tax Remains Hot Issue for BCH Community

boss

Despite being roundly rejected by a vocal majority of the Bitcoin Cash community, a controversial miner’s tax is still causing rifts among the coin’s adherents. In January, a conglomerate of Bitcoin Cash mining companies suggested an enforced 12.5% tax on BCH miners as a way of funding community development. After weeks of debate, the main signatories of the tax plan (comprising a majority of Bitcoin Cash mining power) reversed their decision, and the Infrastructure Funding Plan, or IFP, was dropped. Bitcoin Cash miner’s tax still a possibility? Merely a month…

US Gov’t Issues New Guidance Against North Korea’s Cryptojacking, Ransomware and Hacking

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Several United States agencies issued what they call comprehensive guidance on North Korea’s cyber attacks, which have hacked cryptocurrency exchanges and used cryptojacking and ransomware to finance the regime. An international alert In the April 15 advisory, the U.S. Treasury, Department of State, Department of Defense, and the FBI continue a long history of denouncing North Korea’s cyber activities. The new guidance aims to promote international cooperation against North Korea’s work in cyberspace, saying: “It is vital for the international community, network defenders, and the public to stay vigilant and…

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Coronavirus Will Send Bitcoin ‘Parabolic’

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Bitcoin (BTC) ultimately stands to go parabolic after the coronavirus ends, the author of the world’s bestselling personal finance book says. In a tweet on April 15, Robert Kiyosaki, who penned “Rich Dad Poor Dad,” argued that the coronavirus pandemic was “great” for Bitcoin. Kiyosaki: BTC among “best investments” The largest cryptocurrency, which has broadly stabilized since crashing to $3,700 in mid-March, is now one of the “best investments” available. “US gov printing $10 trillion in FAKE US $ to save US. FED printing $10 trillion to save SHADOW Banks,”…