Category Archives: Crypto Daily

Analyst: Strong U.S. Dollar Hurting Cryptocurrency

Bitcoin (BTC)–While most of the cryptomarkets and its investor base scramble to find the cause over the recent bottoming-out in the market, which has made only a modest recovery in the past few days, one analyst has an interesting take on the falling price of Bitcoin and altcoins: a strengthening U.S. Dollar. Since the start of August, the cryptocurrency market has been experiencing a roller coaster ride in terms of volatility. While the end of July seemingly signaled a recovery in the market, and possibly a bullish […]

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Monero (XMR) Coinhive Miner Rakes In Over $120,000 A Month

Many individuals fall under the false impression that crypto mining operations are solely operated by large corporations with data centers that can be likened to a mansion. However, this is far from the case, as there are methods of mining that can be used to garner cryptocurrencies, like Monero, through any old computer system. Image from Marco Verch One such method is through Coinhive, which is a Javascript-based miner that is often situated on sites across the web. For those who are unaware, Coinhive, which was released in […]

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Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint

Kryptovault, a Norwegian company specializing in “large-scale cryptocurrency mining and data center operations,” has recently received a bomb threat amid escalating noise complaints pertaining to its virtual currency mining. Also Read: Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners Norwegian Cloud Mining Company Receives Bomb Threat Norwegian mining and data center company, Kryptovault, has reportedly received a bomb threat amid intensifying complaints of noise pollution. Kryptovault currently operates facilities in the Norwegian cities of Follum, Honefuss, and Dale. The threat received stated: “This is sabotage. If you […]

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Artist Ai Weiwei Uses Ethereum to Make Art About ‘Value’

Chinese artist and activist Ai Weiwei has partnered on a new art project that utilizes a pair of newly-minted ethereum-based tokens. Motherboard reported Friday that Ai – well-known for his criticism of China’s Communist government as well as his art installations and photos – is working with Irish conceptual artist Kevin Abosch. Together, Ai and Abosch have created two new tokens, freely distributable, in an effort to (as they describe it) illustrate how worth is perceived and imbued within modern society. And it’s an area that Abosch […]

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How a Tokyo FOMO Family Invested in Bitcoin and Lost

There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending. Every month the household was using up their entire revenue and they couldn’t pay the tuition for their daughters’ private school and high schools. That’s when bitcoin came into their lives. Also read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Tokyo Bay 60 […]

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Russian Vnesheconombank Refutes Reports on Launch of Crypto Exchange in Partnership with Huobi Group

Russia’s state development bank Vnesheconombank, also known as VEB, confirmed partnership with Chinese Huobi Group, operator of the world’s third largest cryptocurrency exchange by daily trading volume, however stressed that this collaboration does not provide for any trading platform initiatives. Citing the bank’s press office, local publication Insider.pro says that the organization’s Center for Digital […] Powered by WPeMatico

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Coinbase Submits Patent Application for Bitcoin Payment System

Coinbase has submitted a patent application for a new Bitcoin payments system with enhanced security protocols. This patent filing is the latest in a series of applications submitted by the company as they continue to be prolific in the area of protocol development for the emerging cryptocurrency ecosystem. Details of the Bitcoin Payments System According to a filing with the United States Patent and Trademark Office (USPTO) published on Tuesday (August 14, 2018), Coinbase described a system that could function as a payment portal. This payment portal […]

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Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus

In recent news pertaining to cryptocurrency mining, Nvidia has witnessed a drop in its share price after announcing an unexpectedly modest earnings outlook – partly driven by reduced demand for mining hardware. Also, the World Digital Mining Summit has been scheduled for late September in Tbilisi, Georgia, and reports continue to surface detailing opportunistic students using college electricity to mine crypto. Also Read: Chinese Courts Face Hundreds of Crypto Cases, Struggle with Rulings Nvidia Shares Drop After Reduced Crypto Sales Fuel Declining Profits in Q2 The price of […]

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P2P Markets Report: Record-Breaking Volume Across VEB, ARS, and PHP Markets

The peer-to-peer BTC markets of numerous emerging markets have witnessed significant action this past week, with the Localbitcoins markets of Venezuela, Argentina, and the Philippines posting record weekly fiat trade volume. The P2P markets of Tanzania and the Dominican Republic also saw notable surges in trading activity. Also Read: Huobi Launches Partner Exchanges in Russia, Philippines, Taiwan, Indonesia, Canada Venezuela and Argentina Witness All-Time High Fiat Volume for P2P Trade A number of Latin American P2P BTC markets have witnessed an upsurge in trading activity this past week, […]

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TokenPay (TPAY) Mocks Ripple (XRP) And Neo (NEO)

TokenPay (TPAY) has again decided to mock Ripple (XRP) and Neo (NEO), saying the two cryptocurrencies are centralized. TokenPay, in a retweet, stated that NEO is centralized just like XRP. The retweet opined that NEO foundation controls all NEO nodes, pointing out that it is “Chinese Ethereum”. “$NEO centralized just like $XRP. The fake “Foundation” (fancy word for a company masked as a charity) controls all the nodes. “Chinese Ethereum”.” FLASHBACK to when $NEO was $120 and #Crypto Twitter hated on us for telling the truth. 🤐 […]

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