RSK Sidechain Is Now Secured by 45% of BTC’s Hashrate

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On Feb. 14, the cryptocurrency infrastructure organization led by RSK Labs announced the one-year anniversary of the RSK network and highlighted several notable achievements. Over the last 12 months, the project’s merge mining has managed to gather 45 percent of the Bitcoin Core (BTC) network hashrate, making the RSK smart contract system more secure than…

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

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Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During the wet season…

Union Bank of the Philippines Launching Cryptocurrency ATM

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One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that is in compliance with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for…

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

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21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply.…

Public Transportation Across Argentina Can Now Be Paid With BTC

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The national contactless smart card that is used to pay for public transportation throughout Argentina can now be loaded with BTC. These cards are valid for rides on buses, trains, subways, and motorboats in 37 cities, including the capital city of Buenos Aires, according to the Argentine government’s website. Also read: Indian Supreme Court Moves Crypto…

Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

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The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court…

Markets Update: Top Crypto Assets Open 2019 With Slow Month of Trading

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The leading cryptocurrency markets have seen a slow start to the year, with the top three markets by capitalization shedding between 10% and 37% since early January’s local highs. January has also seen volatility in market cap rankings, with XRP and ETH competing for the second largest crypto asset capitalization, and EOS, USDT, and BCH…

Report: Indian Government Finalizing Crypto Regulatory Framework

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The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Report in ‘Finalization Stage’ Subhash…

Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

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Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the…

Markets Update: Cryptocurrencies Follow Bullish Piercing Pattern as Buyers Advance

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Digital currency markets have seen some gains during the early morning trading sessions on Saturday. Since our last markets update, the entire cryptocurrency economy has gained $4 billion and a slew of the top digital assets are up between 2-6% over the last 24 hours. Also read: Openbazaar’s New Social Media Platform Aims to Foster Privacy…