Author: Thomas_Prendergast

Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51 Attacks

Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51% Attacks Bitcoin gold, a cryptocurrency that forked from bitcoin in 2017, has again been hit by 51 percent attacks.Occurring Thursday, according to tweets from the bitcoin gold team, two deep blockchain reorganizations (or reorgs) resulted in double spends of 1,900 BTG and 5,267 […]

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Ukraine Plans to Track Suspicious Crypto Transactions Above 1200

Ukraine Plans to Track Suspicious Crypto Transactions Above $1,200 Ukraine’s financial watchdog intends to track crypto transactions exceeding $1,200, according to the head of the country’s Ministry of Finance, Oksana Makarova.Makarova discussed crypto in an interview with Ukrainian news outlet MC Today, commenting on a law signed last month by the country’s president, Volodymir Zelensky, […]

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Russian State-Run Tech Firm to Decrease Spending on Blockchain by 50

Russian State-Run Tech Firm to Decrease Spending on Blockchain by 50% Russian government-backed corporation Rostec intends to cut spendings on the blockchain development in the country by at least 50%. According to Rostec’s roadmap, the organization is planning to spend 28.4 billion rubles ($453.2 million) on the development of blockchain technologies in Russia by 2024, […]

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Bitcoin Breaks 7-Month Downtrend But Must Clear These Hurdles to 10K

Bitcoin Breaks 7-Month Downtrend But Must Clear These Hurdles to $10K The price of Bitcoin (BTC) found strong support at $8,200 last week, after which it started to rally toward $8,800 earlier today. Alongside with that, the total market capitalization of crypto found a support at $215 billion and starting to look bullish. Will this […]

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Ukraine to Block Crypto Wallets for Illicit Funds Finance Minister Says

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice on the country’s Ministry of Finance says. Oksana Markarova, Ukraine’s Finance Minister, reportedly said that the State Financial Monitoring Service of Ukraine (SFMS) will be the […]

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Ethereum Ice Age May Be Imminent If Miners Withdraw From Network

Ethereum Ice Age May Be Imminent If Miners Withdraw From Network The Ethereum block difficulty began to grow back in November 2016. Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place. In the lead-up to the Istanbul upgrade, […]

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Crypto Profits Not Taxable in South KoreaGovernment Confirms

Crypto Profits Not Taxable in South Korea—Government Confirms     The government of South Korea has made it official that crypto profits are not taxable according to the country’s current tax law. The decision comes only less than a month after the country announced that it would levy taxes on profits derived from crypto assets. […]

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Top 10 Countries Where You Can Mine Bitcoin

Top 10 Countries Where You Can Mine Bitcoin     Bitcoin mining is very integral for the Bitcoin ecosystem because it is the mechanism that secures the network. However, it is an expensive undertaking that requires a cheap location to be economically viable. Miners should set their factories in areas with the lowest investment per […]

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UK Offers 130K for Software to Trace Crypto Transactions

UK Offers $130K for Software to Trace Crypto Transactions   Tax authorities in the UK are seeking bids for software that will track cryptocurrency transactions linked to illicit activities. One thing that authorities do when dealing with crime is to follow the money. Nothing helps ensure catching criminals and bringing them to justice than following […]

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Elon Musk Says Cryptocurrency Could Replace Cash

Elon Musk Says Cryptocurrency Could Replace Cash   Tesla CEO Elon Musk said on a podcast that cryptocurrency could replace cash but that he is “neither here nor there on Bitcoin. ”It’s always fascinating to see the opinions of successful entrepreneurs in regards to Bitcoin and other cryptocurrencies. For example, NBA Mavericks owner and Shark […]

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