Wednesday, September 14, 2016

John McAfee-led MGT Capital is Mining 90 Bitcoins a Month

MGT Capital Investments, a New York-based investment firm led by John McAfee that recently began a bitcoin mining operation in Washington has announced a full capacity production output of 2.6 PetaHash during the first phase of its operation. MGT Capital revealed the completion of the first phase of its operations at its bitcoin mining facility […]

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Bitcoin Price Advance On Track

Bitcoin price trend remains up. Advance should retake $630 in the coming days, but a correction may precede a push higher. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now. Bitcoin Price Analysis Time of analysis: 14h00 UTC Wednesday Bitstamp 4-Hour Candle Chart From […]

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Someone is Probing to Take Down the Internet, Warns Cryptographer

The pillars that provide the basic infrastructure of the internet are being probed by an unknown entity that is probing for that point where the foundation cracks and the internet breaks.

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China’s Mining Dominance: Good Or Bad For Bitcoin?

In Kongyu, Tibet, hydropower electricity is inexpensive, as are wages. And Chinese entrepreneurs are among the world’s most capable and least risk averse. This combination makes Kongyu in China’s western Sichuan province an ideal place for a bitcoin mining operation, as revealed by a Washington Post report. Chinese mines comprise about 70 percent of the world’s bitcoin […]

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PayPal Is Ignoring Palestinians

For its refusal to serve customers in the Palestinian territories, British politicians including those from the Labour, Conservative and Scottish National parties, have joined a US campaign group and hundreds of Palestinian nationals to call for their access to PayPal. In a motion tabled before the British parliament, the politicians called on PayPal to expand its service to Palestinians and their banks as “a move […]

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Blockfreight Taps Blockchain Technology To Disrupt Global Shipping

Blockfreight, designed as the first end-to-end blockchain solution for the global cargo shipping industry, has announced its technology and has launched an initial token sale. The initial token offer of up to $1.9 million of Blockfreight Tokens [BFT:XCP] is available at a discount to its $1.00 (USD) retail value, according to Julian Smith, the company’s co-founder, […]

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Romania’s First Bitcoin Exchange Shuts Down, Again

BTCXchange, Romania’s first order book exchange has closed operations, nearly a month after the platform was put up for sale on August 18, 2016. Romanian bitcoin exchange BTCXchange has shut down operations in the country. The platform was initially put on sale following an announcement on August 18, 2016, a Facebook post by the exchange […]

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