Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

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With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green

Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green

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Following a multi-month downtrend, the overall cryptocurrency market may be showing signs of a trend reversal. At press time, Bitcoin and Ethereum prices have broken through key resistance levels and begun recovering from monthly lows. The post Crypto Market Increases by $22 Billion, Ethereum and Bitcoin Rally into the Green appeared first on CryptoSlate.

Litecoin's Lee: Bank Deal Might Lead to New Crypto Services

Litecoin's Lee: Bank Deal Might Lead to New Crypto Services

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Charlie Lee took to reddit Tuesday to clarify his and the Litecoin Foundation’s roles in the new acquisition of nearly 10 percent of a German bank. 

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

ETH Bots Run Rampant While Twitter Claims to Ban Lookalike Accounts

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According to reports the social media platform Twitter has been deleting millions of fraudulent accounts per day, and stated during the first week of July that it suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ‘ETH scam-bots’ pretending to be bitcoin luminaries and…

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

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Immutability and difficult-to-solve algorithms are the main attractions for cryptocurrencies like Bitcoin apart from potentially creating a new financial system. However, recent research suggests the underlying technology may not be as resilient as perceived. Quantum Computing Threatens Bitcoin On July 16, 2018, academic outlet The Conversation highlighted a method utilizing powerful quantum computers to decipher Bitcoin’s…

BCH Roundup: Steady Development, Market Uptrends, and New Apps

BCH Roundup: Steady Development, Market Uptrends, and New Apps

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The anniversary of the blockchain split that took place on August 1, 2017 is just two weeks away. Over the past few months Bitcoin Cash (BCH) infrastructure support and development has been exponential, while BCH proponents have also seen a bunch more announcements during the second week of July. Also read: Have You Tried Blockchain 5.0…

Ethereum Network Under Assault: Gas Price Manipulation May Indicate Covert EOS Attack

Ethereum Network Under Assault: Gas Price Manipulation May Indicate Covert EOS Attack

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The Ethereum network is currently under heavy load as gas prices soar due to a flood of transactions. While Ethereum gas prices and transaction load typically fluctuates in accordance with market activity, a dramatic surge in suspicious transaction volume suggests that the Ethereum Network may be the target of a coordinated attack — with experts…

What Crypto Really Thinks About Litecoin's Banking Ambitions

What Crypto Really Thinks About Litecoin's Banking Ambitions

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A much-talked-about deal between a cryptocurrency non-profit and a bank saw cheers and jeers this week, and all sorts of reactions in between.

One Guy Controls the Lightning Network’s Biggest Node

One Guy Controls the Lightning Network’s Biggest Node

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BTC supporters were elated to discover recently that the Lightning Network’s (LN) capacity had spiked by 216 percent in just one day. Some individuals suspected the Build on Bitcoin conference had sparked more LN interest. However, onlookers have found the spike was due to a single node created by the owner of Shitcoin.com. According to…