Shift Card Sunsets, Leaving US Crypto Card Users With Few Options

U.S.-based Shift Card, a Visa debit card service that allows people to spend cryptocurrencies held on Coinbase in real-time, will be ceasing operations this April. Shift’s email to customers explains the company hopes to relaunch in the near future, but for now there are few crypto debit card options left for U.S. residents. Also Read: More […]
The post Shift Card Sunsets, Leaving US Crypto Card Users With Few Options appeared first on Bitcoin News. …

Shift Card Sunsets, Leaving US Crypto Card Users With Few Options

Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

Last November the Bitcoin Cash (BCH) community witnessed a hash war that resulted in a bifurcation of the main chain. The spat saw one of the first examples of the alpha miner strategy and an attempt to truly test Nakamoto consensus. About a week before the fork, a new mining operation was announced called Shark […]
The post Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks appeared first on Bitcoin News. …

Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

3 People Who Hate Bitcoin With a Passion

There’s something about Bitcoin that stirs up strong emotions in people. Libertarians love it. Anarchists adore it. Cypherpunks crave it. But not all of the emotions Bitcoin engenders are positive. Bankers fear it, politicians distrust it, environmentalists resent it, and a few people, why, they veritably hate it. Also read: 30 People Who Were Really […]
The post 3 People Who Hate Bitcoin With a Passion appeared first on Bitcoin News. …

3 People Who Hate Bitcoin With a Passion

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During the wet season […]
The post Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season appeared first on Bitcoin News. …

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Report Claims 85% of the Monero Network Dominated by ASIC Miners

Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times […]
The post Report Claims 85% of the Monero Network Dominated by ASIC Miners appeared first on Bitcoin News. …

Report Claims 85% of the Monero Network Dominated by ASIC Miners

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less fortunate regions like South Sudan. Also read: BCH Avalanche Transactions Show Finality Speeds 10x […]
The post Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation appeared first on Bitcoin News. …

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a […]
The post Localbitcoins to Introduce New User Verification Rules appeared first on Bitcoin News. …

Localbitcoins to Introduce New User Verification Rules

In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton

In the first edition of The Daily this weekend, we cover the details around the launch of a new cryptocurrency exchange rating system by Cointelligence. Also, South Korean exchange Bithumb has announced it’s establishing an OTC trading desk in Hong Kong, and the popular messenger service Telegram has postponed the launch of its TON network […]
The post In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton appeared first on Bitcoin News. …

5 Crypto-Friendly Countries to Base Your Business

Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching […]
The post 5 Crypto-Friendly Countries to Base Your Business appeared first on Bitcoin News. …

5 Crypto-Friendly Countries to Base Your Business

Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes

For well over two months, the yellow vest movement in France has continued to keep itself illuminated with fervent protests against taxes, the banking system, and the region’s bureaucrats. On Feb. 1, a group of Gilets Jaunes working at the bill printing factory explained their plan to show the world they mean business by burning […]
The post Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes appeared first on Bitcoin News. …

Yellow Vest Movement Starts a New Form of Protest – Burning Banknotes

Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

On Jan. 31, Mt. Gox victims were enraged to hear that the founder of Coinlab, Peter Vessenes, is still causing problems for the former exchange’s rehabilitation process. According to information published by public attorney Daniel Kelman, Coinlab filed a claim for ¥1.7 trillion yen (US$16 billion) which is over and above every claimant’s filing. Also […]
The post Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim appeared first on Bitcoin News. …

Mt. Gox Restitution Process Frozen Due to One Man’s $16B Claim

The Daily: Grin Developer Fund Grows, Russian Agent’s BTC Transaction Tracked

In this edition of The Daily, a leading Grin developer has received donations worth $26,000 to fund his work on the project. Also, research group Bellingcat has tracked a BTC transaction allegedly made by Russian agents meddling in U.S. elections, and stablecoin paxos has reached $10 billion in transactions. Also read: Zebpay Launches in 5 European […]
The post The Daily: Grin Developer Fund Grows, Russian Agent’s BTC Transaction Tracked appeared first on Bitcoin News. …

The Daily: Grin Developer Fund Grows, Russian Agent’s BTC Transaction Tracked

The Daily: Zebpay Launches in 5 European Markets, Coinpulse Enters ‘Indefinite Maintenance’

Saturday’s edition of The Daily covers developments of interest to crypto traders. Once one of the largest exchanges in India, Zebpay is now increasingly focusing on Europe. The platform has expanded its services to residents of five more countries in the region. Also, troubled crypto trading platform Coinpulse has announced “indefinite maintenance,” asking customers to […]
The post The Daily: Zebpay Launches in 5 European Markets, Coinpulse Enters ‘Indefinite Maintenance’ appeared first on Bitcoin News. …

The Daily: Zebpay Launches in 5 European Markets, Coinpulse Enters ‘Indefinite Maintenance’

Bitfinex Partnered With at Least 6 Different Banks During 2018

22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […]
The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News. …

Bitfinex Partnered With at Least 6 Different Banks During 2018

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

In today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is […]
The post The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability appeared first on Bitcoin News. …

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

Shamir’s Secret Explained: Distributing a Seed Phrase Into Multiple Parts

When an individual first joins the cryptocurrency economy and obtains their first bitcoins, at times the process can be daunting. Most veterans will often tell newcomers that they need to secure their coin’s private keys in order to enjoy sovereign ownership. However, most people are not taught how to keep their 12-24 word seed phrase […]
The post Shamir’s Secret Explained: Distributing a Seed Phrase Into Multiple Parts appeared first on Bitcoin News. …

Shamir’s Secret Explained: Distributing a Seed Phrase Into Multiple Parts

Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud

U.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS). Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison […]
The post Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud appeared first on Bitcoin News. …

Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud

Report: Bitcoin Use on Darknet Markets Doubled in 2018

Bitcoin use on darknet markets (DNMs) doubled in 2018, a study has shown, rising to an average of $2 million per day. Bitcoin has long been used to buy goods on the darknet due to its relative anonymity, and looks set to remain a favorite on DNMs, despite the existence of more privacy-focused cryptocurrencies. Also […]
The post Report: Bitcoin Use on Darknet Markets Doubled in 2018 appeared first on Bitcoin News. …

Report: Bitcoin Use on Darknet Markets Doubled in 2018

Coinstar Machines in Select US States Now Sell BTC Vouchers

On Jan. 17, financial services company Coinme announced that people visiting select Safeway and Albertsons stores in California, Texas, and Washington can now purchase bitcoin core (BTC) through Coinstar kiosks. Coinstar devices are fully automated self-service coin-counting machines and now thousands located in the U.S. market could be equipped to handle cryptocurrency transactions. Also Read: Markets […]
The post Coinstar Machines in Select US States Now Sell BTC Vouchers appeared first on Bitcoin News. …

Coinstar Machines in Select US States Now Sell BTC Vouchers

Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets

On Jan. 16, hardware wallet manufacturer Satoshilabs, the creator of the Trezor line of cryptocurrency devices, announced its latest partnership with the mechanical artistry and design company Gray. The luxury designer is well known for its mobile collections like Zyra and Alter Ego and the two companies have now released a “luxury” aerospace-grade titanium hardware […]
The post Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets appeared first on Bitcoin News. …

Trezor and Gray Release Corazon Series ‘Luxury’ Hardware Wallets