Month: March 2018

Join our community of 10 000 traders on Hacked.com for just $39 per month. An Ethereum developer has opened an Ethereum Improvement Proposal (EIP) to discuss whether the community should modify its Ethash mining algorithm to maintain ASIC resistance. EIP 958, posted on GitHub by Ethereum core developer Piper Merriam, formally proposes that improved ASIC resistance be implemented into the network’s instance of Ethash, a Proof-of-Work (PoW) consensus algorithm. “I believe it is the accepted wisdom that ASIC based mining Read more …

We are all used to thinking that there is no such thing as “free.” If anyone is offering something for free, it’s either a bait, a scam, or you’ll need to barter it for something else, or it is something of substandard quality that has little value anyway. And definitely, there is no such thing in our world as “free money.” There is, though, free money in the cryptocurrency world. Because it follows no rules, regulations, or standards of the Read more …

Intel, one of the world’s largest semiconductor companies, has filed a patent for a new Bitcoin mining chip accelerator. Entitled “Bitcoin Mining Hardware Accelerator with Optimized Message Digest and Message Scheduler Datapath,” the patent was originally submitted in September of 2016, but is now being released for the first time. Bitcoin and cryptocurrency mining has long been under scrutiny for the excessive energy it allegedly uses. Countries like Iceland, for example, admit that more energy is used to mine Bitcoin Read more …

Featured A new automated teller machine now offers Georgians a fast and easy way to buy and sell bitcoin and litecoin. Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi. Also read: Crypto Business Is Now Legal in Belarus Bitcoins and Burgers Cryptocurrencies in Georgia have been gaining popularity in recent Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange giant OKEx is rolling back a series of Bitcoin futures transactions in response to an “irregular” sell-off that was localized to the trading platform. The Hong-Kong based exchange announced on Friday that it would reverse transactions that occurred this morning between 4:47 am and 6:30 am Hong Kong Time (HKT) when Bitcoin futures inexplicably plunged as low as $4,755 on OKEx even as the Read more …

A Polish major bank PKO Bank Polski has recently announced their partnership with Blockchain company Coinfirm to provide a DLT-based storage and verification system for bank documents, TechCrunch reported on March 29. The recently signed agreement aims to bring Blockchain technology to PKO’s banking system via the Trudatum tool developed by Coinfirm. The system will provide customers with a secure means to access documents containing information regarding regulations, transactions, fees, and commissions. Anna Streżyńska, president of Polish fintech company MC2 Read more …

The Malta Gaming Authority (MGA) has recently issued a document with guidelines on Blockchain and cryptocurrency applications in the gaming industry, the regulatory organization announced March 29. The @MaltaGamingAuth publishes a consultation document on a Sandbox Environment for Distributed Ledger Technology and Virtual Currencies. Read More: https://t.co/CNcMSoyKDC pic.twitter.com/dv5MffiuOb — MaltaGamingAuthority (@MaltaGamingAuth) March 29, 2018 The public document called “Guidance on the use of Distributed Ledger Technology and the acceptance of Virtual Currencies through the implementation of a Sandbox Environment” aims Read more …

Bittrex, a U.S.-based cryptocurrency exchange, has issued a trading pair between tether (USDT) and TrueUSD (TUSD), two stable tokens pegged to the U.S. dollar. While tether is issued by Tether, TrueUSD is issued by TrustToken. Unlike other cryptocurrencies, stable tokens are pegged to the value of traditional money. In this case, tether and TrueUSD are both pegged to the U.S. dollar, so that one token is worth one dollar.   Stable tokens are useful in that they protect traders from market Read more …

Telegram Group Inc., the encrypted messaging platform, has completed its second initial coin offering (ICO) — the world’s largest — bringing the amount raised to $1.7 billion. The ICO was held to help establish the Telegram Open Network (TON), a “fast, scalable, and user-friendly” cryptocurrency and blockchain platform. In addition to the $850 million Telegram raised in February of this year, $850 million has been raised from 94 investors this month. Further, the company “may pursue one or more subsequent Read more …

Chile’s state-owned bank has dumped three cryptocurrency exchange clients, according to a local media report. Banco del Estado de Chile informed Orionx, CryptoMKT and Buda.com that their accounts would be closed in 10 days, the newspaper El Mercurio reported Thursday. The move came after Canada’s Scotiabank and Brazil’s Itaú said they would be closing the accounts of the three exchanges. The Chilean bank, more commonly known as BancoEstado, was the last institution still providing financial services to the three exchanges, El Read more …