Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the Netherlands’ PricewaterhouseCoopers (PwC) branch studied bitcoin’s global energy consumption all across the year. He found that existing hydropower projects were not sufficient in sustaining the cryptocurrency mining operations, adding that the bitcoin network demanded as…
A former “ethical hacker” with a number of high-profile institutions plans to host a blockchain security demonstration live at South By South West (SXSW) 2019. According to a press release, Rob Pope, currently of Dogtown Media and formerly a security specialist with HSBC and Barclays, will present on the weaknesses of various encrypted systems associated…
The crypto community is an opinionated bunch. Everyone has their favorite coin, be it Bitcoin or an altcoin, and investors love to share and defend their opinions with other crypto enthusiasts. They also like to vote, and in a recent poll, it was revealed that the majority of crypto investors are predominantly Bitcoin maximalists, despite…
Bitcoin’s price has continued to trade sideways around $3,900 as its volatility continues to decrease. Although this stability may be welcomed by some investors who have been tormented by the seemingly constant bouts of volatility in the crypto markets, the current decrease in volatility is likely temporary. Analysts now expect Bitcoin to continue ranging sideways in…
The entire cryptocurrency industry is buzzing now that Bitcoin may have bottomed and a number of altcoins have started to break through downtrend resistance and cause a spike in price. The sudden, powerful rallies in the altcoin market have led many crypto traders and analysts alike to suggest an “alt season” is upon us. The…
Crypto markets recover from correction; Litecoin, BNB, Stellar and Dash going strong. Crypto markets have bounced back from the dip yesterday to the same level they traded at for the past few days. The minor dump dropped markets back to $130 billion but they have since recovered back to resistance levels again. Bitcoin is having…
After facing increased levels of selling pressure yesterday, Bitcoin as been able to maintain above $3,900, which is increasingly becoming a level of support for the cryptocurrency. Despite this, $4,000 still remains a key level of resistance for BTC, and the crypto’s short positions are rapidly climbing as it continues to fail to break above…
An unnamed Bitcoin ATM provider serving the Canadian market was scammed last year across a number of the nation’s cities. Police are now seeking information regarding four suspects believed to be involved in the fraud. The four men are believed to have taken around US$145,000 from the machines over the course of 10 days in…
The Securities and Exchange Commission’s (SEC) Chairman reaffirmed his agency’s previous stance that Ethereum (ETH) is not a security product, and as such it falls under different regulatory structure that is far more crypto-friendly. He also added that cryptocurrencies similar to Ethereum are also exempt from being classified as securities – although he didn’t name…