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Secretive Chinese bitcoin mining company may have made as much money as Nvidia last year
Posted on Saturday February 24, 2018

Based on conservative estimates of gross margin of 75 percent and operating margin of 65 percent, Bernstein analysts calculate that Beijing-based Bitmain made $3 billion to $4 billion in operating profits in 2017. In contrast, Nvidia's operation profit was ...

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 ...

Why I Bought Some Bitcoin
Posted on Friday February 23, 2018

I bought a small position in the Bitcoin Investment Trust. I think there is the potential for strong gains due to the supply/demand situation. It might be a gamble, but it adds some excitement to the process of investing. I have been watching the price of ...

What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions
Posted on Friday February 23, 2018

Of all the problems that keep Bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatility—value fluctuation in relation to the dollar. That’s according to a recent survey conducted by Survata, an ...

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 ...

Poor smart contract coding exposes millions of dollars in Ethereum
Posted on Friday February 23, 2018

Smart contracts are meant to be just that; smart, irrevocable, transparent, and secure. It was only back in November when the intelligent element of smart contracts was cast into doubt after an individual known only as "DevOps199" stumbled across the ...

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 ...

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 ...

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 Bounces Back After Turbulent Week
Posted on Friday February 23, 2018

Litecoin prices recovered today, pushing higher after suffering a sharp decline earlier this week. The alternative protocol asset’s (altcoin) price rose to $216.13 today, according to CoinMarketCap. At this level, it was up more than 17% from the weekly ...

Litecoin Price Forecast: Litecoin to Reach 41 World Markets with LitePay
Posted on Thursday February 22, 2018

The broader cryptocurrency market is correcting on Thursday and so is Litecoin. The LTC to USD rate is retracing its steps toward $200.00 but that’s not the number we’re eyeing right now. The figure to watch is “41.” That’s the number of ...

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 Cash is Surging, but It May Not Last Long
Posted on Friday February 23, 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 ...

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 ...

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 ...

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 ...

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