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Chinese Bitcoin Mining Firm Bitmain Made $3 to $4 Billion in Profits Last Year, Says Analyst
Posted on Saturday February 24, 2018

Bitmain, a privately held Chinese firm that manufactures Bitcoin mining hardware and runs its own mining operations, made $3 billion to $4 billion in profits in 2017, according to estimates by Bernstein Research released this week. Bitmain manufactures ...

Bitcoin Developer Jimmy Song To Train And Pay Bitcoin Devs In ‘Platypus Labs’
Posted on Saturday February 24, 2018

Bitcoin developer Jimmy Song is opening an education hub called “Platypus Labs,” aimed at teaching developers to work with Bitcoin, and compensating them for their work. As to where the inspiration came from for Platypus Labs, Song told Cointelegraph ...

One of bitcoin's biggest problems is showing signs of getting better
Posted on Friday February 23, 2018

That's a question research analysts at Deutsche Bank examined in a short note sent out to clients Wednesday. Analysts Paul Condra and Mrinalini Bhutoria examined how bitcoin's scaling problem might be improving despite a slight uptick in the coin's price.

Is anyone actually spending bitcoin?
Posted on Thursday February 22, 2018

The creator of bitcoin intended the cryptocurrency to be used just like cash — to buy and sell goods and services. And for a while, it was. (The first purchase was two Papa John’s pizzas—for 10,000 bitcoin.) Load Error Today, though, bitcoin is ...

Will Lightning Help or Hurt Bitcoin Privacy?
Posted on Saturday February 24, 2018

Faster, cheaper bitcoin transactions? Check. But at what cost? For bitcoin users, many of whom were drawn to cryptocurrency for its promise of financial sovereignty, bitcoin is still synonymous with privacy. But the gap between the vision and the reality ...

Robinhood’s Zero-Fee Bitcoin, Ethereum Trading Is Live In Five US States
Posted on Saturday February 24, 2018

Robinhood Crypto’s commission-free trading is live in California, Massachusetts, Missouri, Montana, and New Hampshire, $100 bln transaction volume reported. The first users to get access to the commission-free platform are customers residing in the US ...

High Stakes: Ethereum's Fight Over Lost Funds Explained
Posted on Friday February 23, 2018

The "world computer" is ensnared again in a heated debate. Sparked by a controversial code proposal called EIP 867, ethereum's development forums have become something of a battleground, crowded with bitter commentary, snide pull-requests and coordinated ...

Why Ethereum weathered the cryptocurrency downturn better than Bitcoin
Posted on Saturday February 24, 2018

If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit.

Bitcoin & Ethereum Charts May Have Just Posted Ominous Lower-highs
Posted on Wednesday February 21, 2018

Crypto-mania appears set to unwind once again. The other day we were noting that if Ethereum soon turns swiftly lower it could mark the 3 rd peak of a topping pattern with potential of more than halving its price. While the price sequence isn't as decisive ...

Ethereum Price Forecast: ETH Looks Credible Beside Venezuelan Petro
Posted on Friday February 23, 2018

Venezuela’s attempt to create a state-backed cryptocurrency is one of the weirdest experiments in blockchain, but apparently, Turkey finds it alluring. I think it makes Ethereum look more feasible. Of course, it’s not exactly clear what Venezuela ...

Litecoin Cash is Surging, but It May Not Last Long
Posted on Saturday February 24, 2018

Litecoin Cash is riding high, but it’s not certain that it will keep going. The fork from Litecoin, the fifth-largest cryptocurrency, has been dismissed as making little changes to the original token and even described as a “scam” by Litecoin creator ...

Litecoin Price Forecast: Will LTC Price Rout After LitePay Launch?
Posted on Friday February 23, 2018

We identify a pattern developing in crypto prices as crypto markets recover on Friday after a two-day slump. Prices seem to be following a routine here, whereby prices drop around mid-week and then begin to reverse their fall toward the end of the week.

CRYPTO INSIDER: Litecoin is on a tear
Posted on Friday February 23, 2018

Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. Litecoin continues to outpace other major cryptocurrencies, and is up ...

Litecoin Cash Has Forked But It's Hardly Trading
Posted on Thursday February 22, 2018

Call it a slow start. A plan to launch a new cryptocurrency by forking the litecoin blockchain went off without a technical hitch over the weekend, but at press time, the market isn't exactly embracing the new coin. Currently trading at just $5 on a little ...

Litecoin rallies after ‘hard fork’ results in creation of spinoff
Posted on Tuesday February 20, 2018

Litecoin spiked as much as 10 percent on Tuesday after a so-called "hard fork" resulted in the creation of a new cryptocurrency. The altcoin, or alternative cryptocurrency, has risen 55 percent in the past seven days as a result of a recent rally.

L.A. Times website injected with Monero cryptocurrency mining script
Posted on Friday February 23, 2018

An unsecured AWS S3 bucket allowed attackers to inject a Monero mining script into a website run by the L.A. Times. Extensive use of the Coinhive mining platform by hackers has led browser and anti-malware vendors to block access outright. The Homicide ...

The number one reason Monero is a cryptocurrency investment winner
Posted on Monday February 19, 2018

If cryptocurrency history is written by the winners, then this is the year for Monero (XMR), the anonymous crypto coin, to add its name to the ledger. As of this week, Monero has a market cap of $4.5 billion, trading at $287 and is the 13th largest ...

Crypto-mining malware nets hacker group $3.4 million worth of Monero coins
Posted on Tuesday February 20, 2018

Israeli security firm Check Point uncovered a large-scale cryptocurrency mining operation which installed malware on servers running Jenkins, an automation software designed for web development. The mining operation has, to date, mined around $3.4 million ...

Millions Of Android Devices Compromised, Mining For Monero
Posted on Tuesday February 13, 2018

Millions of Android devices have quietly fallen victim to a “drive-by” campaign that uses the mobile device’s computing power to mine for the cryptocurrency Monero, researchers at cybersecurity firm Malwarebtyes found. The attack, first discovered in ...

Hackers exploit Jenkins servers, make $3 million by mining Monero
Posted on Tuesday February 20, 2018

If you run a Jenkins server, you might want to make sure it is fully patched, since researchers found “one of the biggest malicious mining operations ever discovered.” The cyber crooks have already made more than $3 million by installing malware that ...

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