Who Is Winning the Hash War

The latest Bitcoin Cash (BCH) network update has resulted in a complex battle, and the blockchain has been split into two: BCH ABC is in one corner, and BCH SV is in the other. Here is what they both stand for, and who is currently winning the hash war. BCH, ABC, SV: Who is fighting and why? Bitcoin Cash emerged on August 1, 2017 after departing from Bitcoin’s (BTC) original blockchain via a hard fork. The separation happened in an attempt to manage BTC’s scalability problem. Part of the Bitcoin…

SIM Swapping Becomes Increasingly Popular in California, Police Make It “High Priority”

On November 7, a security news and investigation blog KrebsOnSecurity published an interview with REACT Task Force, a California-based law enforcement group dedicated to fighting cybercrime. As per the article, members of REACT consider “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud. Here is how fraudsters use 99 cent SIM cards bought off eBay to steal millions worth of crypto with just one call. “SIM swapping”: what is it? SIM swapping is the process of making a telecom provider like, say, T-Mobile, transfer the…

Rural Washington County Utility Proposes Increased Electricity Costs for Crypto Miners

Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand, Central Washington radio station KPQ reported Nov. 14. The article cites Lindsey Mohns, the Customer Utilities Rate Adviser, explaining the difference between the current and proposed electricity pricing systems, noting that the rate structure is “built the same was as the existing rate structure that cryptocurrency miners are paying right now”: “What this new rate structure (Schedule 36) does is brings into it…

Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

Sunday, Nov. 18: after a tumultuous week, the crypto markets are today signalling recovery, with most of the top ten cryptocurrencies seeing healthy growth of within a 1 to 7 percent range, and the vast majority of the top 100 crypto assets by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 After a steep decline Nov. 14, Bitcoin (BTC) is today showing signs of gentle growth, consolidating its incremental gains in recent days to push the $5,600 price point. As of press time, the…

a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Swiss Crypto Firm X8 AG Receives Islamic Finance Certification for Sharia-Compliant Stablecoin Swiss-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin. According to the X8 director and co-founder, the ETH-based crypto asset is…

Canadian House Finance Committee Recommends Crypto Regulation to Prevent Money Laundering

The Canadian House Finance Committee has recommended that the government start regulating cryptocurrencies to prevent money laundering, Canadian digital newspaper iPolitics reports Nov. 14. According to iPolitics, the Canadian House Finance Committee suggested that cryptocurrencies should be regulated during its review of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), which occurs once every five year. The committee held 18 meetings for the PCMLTFA review, which started in February. As a result of the review, the committee put forward three ways for the government to regulate cryptocurrencies.…

Christie’s Records $318 Million Art Sale on a Blockchain

Twitter Facebook LinkedIn A new milestone in blockchain adoption has been set with the successful recording of a record-breaking art sale on a blockchain. On November 13, the Barney A. Ebsworth Collection sale at the famous Christie’s auction house in New York raised a total of $317,801,250, in the process becoming the most valuable art auction to ever to be recorded on a blockchain. In a press release about the auction, Christie’s revealed that the auction was handled in partnership with art-focused technology provider Artory, using its permissioned blockchain to…

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

Twitter Facebook LinkedIn Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. In an election of many firsts, it also marked the first time that a major Thai political party selected its leader using input from the generality of party members ahead of the…

Bitcoin to Reach Bottom in Q2 of 2019, Bearish Short-Term

Twitter Facebook LinkedIn According to Willy Woo, a prominent cryptocurrency analyst and researcher, Bitcoin is expected to bottom out in the second quarter of 2019. Throughout the past three months, since August, Bitcoin has remained in a tight range from $6,200 to $6,800, unable to break out of major resistance levels above the $6,800 mark apart from one occasion in mid-September. Prediction Based on Fundamental Data, Not Price and Exchange Volume The blockchain indicators of Woo, the founder of Woobull.com, show a bearish short-term trend for Bitcoin and the cryptocurrency…

Ripple Surges 8% as Crypto Market Adds $4 Billion Overnight

Twitter Facebook LinkedIn Over the last 24 hours, Ripple (XRP) has surged by more than 8 percent to $0.51, as the valuation of the crypto market increased by $4 billion from $181 billion to $185 billion. On November 15, the valuation of the crypto market fell by $27 billion from $210 billion and a recovery to the $200 billion mark could require weeks to months of stability. As one cryptocurrency technical analyst explained, “BTC bulls trading in defense after recent drop below key support, now need a powerful comeback to…