Blocks Archives

Bitcoin Cash Can’t Mine Blocks Bigger Than 2MB, Lead Dev Suggests

September 3, 2019 boss

Altcoin Bitcoin Cash (BCH) faced fresh criticism this week after one of its lead developers appeared to admit its network was unable to process its larger blocks. In a Reddit exchange on Sept. 2, Amaury Séchet, via his account known as u/deadalnix, responded to criticism of some miners by another pro-BCH user. In the response, the developer suggested a BCH node would not be able to process a block of transactions 2 megabytes or larger. Séchet is the lead developer of Bitcoin ABC, the first incarnation of the Bitcoin Cash…

BitPay Blocks $100K Bitcoin Donation to Amazon Rainforest Fire Charity

August 23, 2019 boss

Controversial cryptocurrency payments processor BitPay is facing another PR nightmare after the company rejected a $100,000 donation to an Amazon rainforest charity. BitPay leads Amazon Watch to compliance dead end According to a social media complaint by Amazon Watch, an organization which seeks to support the Amazon rainforest’s ecology and indigenous peoples, the payment failed to pass BitPay’s internal checks. The would-be donor was trying to contribute due to the ongoing wildfires in the Amazon, the charity suggests, but could not complete the payment in Bitcoin (BTC). Officials attempted to…

KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam

April 26, 2019 boss

Singapore-based crypto exchange KuCoin has blocked a crypto wallet that is allegedly involved in a recent RChain (RHOC) token scam, RChain wrote in a blog post on April 26. RChain, the blockchain firm behind RHOC coin, informed its users that the company suffered a scam involving an escrow transaction containing counterfeit money. In the apparent deal, RChain was set to send 11 million RHOC tokens to its partners who expressed an interest in putting money into an escrow account. Once the money was in escrow, RChain sent RHOC tokens to…

Major Web Browser Firefox by Mozilla Now Blocks Web-Based Cryptojacking

April 9, 2019 boss

Major open-source browser Mozilla Firefox has launched new protections against crypto mining malware in its new browser versions, according to a blog post published on April 9. In its latest Firefox Nightly 68 and Beta 67 versions, Mozilla has enabled a new level of protection against crypto mining and fingerprinting hack attacks in a part of the browser’s Content Blocking suite of protections. The new browsing feature has been developed in collaboration with privacy and security software firm Disconnect, and represents a collection of blacklists of malware domains associated with…

Parliament Blocks Brexit No-Deal But Bitcoin (BTC) Still in Play

April 4, 2019 boss

On April 3, UK lawmakers were able to pass a preventative measure by one vote that would stop the possibility of No-Deal Brexit. Compared to alternative outcomes over how U.K. transition away from the European Union will occur, No-Deal has been hailed as one of the more catastrophic. The move would have entailed an immediate cease in relations between the U.K. and E.U, with no clear path forward on how the two would interact going forward–in effect producing massive economic, trade and travel uncertainty. However, cryptocurrency analysts have pointed out…

Russia Blocks Bitcoin Sites Without Prior Investigation

March 16, 2019 boss

Russia Blocks Bitcoin Sites Without Prior Investigation March 16, 2019 by Jeff Fawkes The Russian Roskomnadzor — in conjunction with the Prosecutor’s Office — has yet again attacked bitcoin exchanges and informational sites. As the latest in the saga of Russia’s negative actions against crypto, one site has been blocked after previously being approved by the government. Also read: Mt Gox CEO Mark Karpeles Sentenced to 2.5 Years, but Won’t Go Back to Prison Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Prosecutors Need to Fill the Stats…

Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Lawsuit

March 14, 2019 boss

For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make a class action complaint in which he is named as a defendant go away, despite the fact that the infamous cryptocurrency exchange was based in Tokyo. Judge Gary Feinerman ruled that the class action complaint, which was introduced by former customers of Mt.…

Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Lawsuit

March 14, 2019 boss

The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

February 19, 2019 boss

Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. Bitcoin Core blocks during the same period. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner…

The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

February 19, 2019 boss