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Monthly Archives: July 2018

Bitcoin Miner Hut 8 Becomes ‘Largest’ by Capacity After Second Site Opening

Toronto-based Bitcoin mining company Hut 8 has announced the completion of its second mining facility in Canada on July 16, claiming to have become the world’s “largest publicly-traded” operator by capacity. In a press release, Hut 8 revealed its Medicine Hat farm had been completed ahead of its September deadline, joining its existing operation in the city of Drumheller. Launched ...

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South Korean Administrative District Builds Blockchain-based ‘Proposal Evaluation System’

South Korea’s Yeongdeungpo-gu district has established a “Proposal Evaluation System” based on blockchain to improve the fairness and integrity of administrative procedures, according to a July 19 governmental press release. Yeongdeungpo-gu, an administrative district in southwest Seoul, will implement a smart administration through new technologies with the blockchain-based “Proposal Evaluation System” to improve the integrity, transparency, and reliability of the ...

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Binance, Neufund Back ‘World’s First Decentralized Stock Exchange’ in Malta

Another day, another crypto-forward development in Malta, as it backs its promise to become the world’s ‘blockchain island.’ CCN can exclusively reveal that Neufund, a German-based blockchain protocol for securities tokenization and issuance will be partnering with MSX, an innovation vehicle of the Malta Stock Exchange. MSX is also in partnership with Binance which claims to be the world’s largest cryptocurrency ...

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XRP Price: 6% Setback may Reverse Course Later This Week

As was to be expected after a few days of positive momentum, things are returning to normal for all cryptocurrency markets. This unfortunately means all currencies are going through another rough spell of negative market pressure. All five of the top currencies have lost value, with the XRP price facing the biggest setback of them all. The XRP Price Dips ...

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Ethereum Classic Price Analysis: ETC/USD Remains in Uptrend

Key Highlights Ethereum classic price corrected lower after trading as high as $18.37 against the US dollar. There is a significant bullish trend line in place with support at $17.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently holding the trend line support at $17.10 and the 100 hourly simple moving average. ...

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Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims

The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million). Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct bitcoin mining pool GBminers and the ...

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Bitcoin Price Watch: BTC/USD Correcting Gains

Key Points Bitcoin price started a downward correction after trading as high as $7,605 against the US Dollar. There was a break below a key ascending channel with support at $7,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair may perhaps correct further lower towards the $7,200 and $7,120 support levels. Bitcoin price ...

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Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

This year’s second quarter witnessed a lull in cybercrime, but cybercriminals continue to experiment with ransomware, according to Malwarebytes Labs in its second quarter report. Malware activity posted a decrease in both business and consumer categories in the second quarter, the report noted. But while the volume of activity was lower, the quality of the attacks was anything but. Malwarebytes ...

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