Posted Date: November 14, 2017
Users of Bithumb, the world’s largest cryptocurrency exchange, have filed a class action lawsuit following a costly server outage on November 12. Despite only lasting 90 minutes, the outage cost traders millions of dollars, occurring at the height of frenzied bitcoin cash trading. One customer complained of losing 250 million won ($223,000) in the chaos. […] The post Police Posted at Bithumb as Users File Lawsuit After Server Outage Costs Millions appeared first on Bitcoin News.

Posted Date: November 14, 2017
Craig Wright, the man who famously claimed to be Satoshi Nakamoto, is back in the news again. This time he’s weighed into the bitcoin scaling debate, which is becoming increasingly politicized. In a post entitled “Scaling Bitcoin and what some will do to stop this”, he refutes sceptics who believe that bitcoin can’t scale to […] The post Craig Wright Pushes For 1GB Blocks to Attain Visa-Level Bitcoin Scaling appeared first on Bitcoin News.

Posted Date: November 14, 2017
The Russian Association of Blockchain and Cryptocurrency has conducted a study to determine the best location for cryptocurrency mining in the country. The best region found is a major transport and distribution center as well as a transit hub with cheap electricity. Currently, there are very little crypto mining activities in that area. Also read: Sberbank […] The post Russia Has Found Best Location for Crypto Miners appeared first on Bitcoin News.

Posted Date: November 14, 2017
The North American Bitcoin Conference, as part of the World Blockchain Forum: Investments & ICOs, is heading to Miami for its sixth installment. On the weekend of January 18 & 19, more than 1000 Bitcoin and blockchain community members will converge on Miami for a historical conference aimed at driving cryptocurrency from niche to mainstream. Now in its sixth year, The North American Bitcoin Conference is the longest running and most attended finance conference for the Bitcoin, finance, and cryptocurrency industries. The post PR: North American Bitcoin Conference Set to Heat up Miami appeared first on Bitcoin News.

Posted Date: November 14, 2017
At approximately 4 pm EDT at block height 504031, the Bitcoin Cash (BCH) network successfully hard forked. The fork is a change to the decentralized currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA). Also read: Bitcoin.com Wallet Celebrates 500,000 Downloads in Three Months The Bitcoin Cash Network Has Successfully Hard Forked […] The post Bitcoin Cash Network Completes a Successful Hard Fork appeared first on Bitcoin News.

Posted Date: November 14, 2017
On November 12, the Bitcoin Gold network went live at 4 pm EDT according to the team’s blog page and Slack channel. The controversial project currently has a full node client, but public mining didn’t start until private miners reached block height 499407. Also read: Swedish Pirate Rick Falkvinge Brings Humor and Profundity to Bitcoin Cash […] The post Bitcoin Gold’s Confusing Mainnet Launch Has a Rough Start appeared first on Bitcoin News.

Posted Date: November 14, 2017
Ever since Chicago Mercantile Exchange announced that it would be launching bitcoin futures trading, the question on everyone’s lips has been “When?” Today CME chief Terry Duffy provided an answer to that question. All going to plan, the world’s largest options and futures exchange should launch bitcoin trading by the second week in December. Also […] The post CME Bitcoin Futures Could Launch the Second Week in December appeared first on Bitcoin News.

Posted Date: November 14, 2017
Austin, TX – Gift Token.io introduces a new gift card online shop that will allow purchase with only cryptocurrency. While global cryptocurrency adaptation seems to be years away, this simple solution seeks to grant cryptocurrency enthusiasts and investors alike an easier way to spend their hard earned cryptocurrency. The post PR: Buy Gift Cards with Cryptocurrency. Introducing Gift Token appeared first on Bitcoin News.

Posted Date: November 13, 2017
Forget about technical analysis, charting, or market psychology. There’s a new way of predicting the fate of bitcoin that doesn’t involve busting out the bollinger bands or discerning cup-and-handle patterns. The name for this cutting-edge price predictor? Astrology. Also read: Swedish Pirate Rick Falkvinge Brings Humor and Profundity to Bitcoin Cash Debate Divining Market Dynamics Astrology […] The post Quantum Physics and Astrology Predict Bad Things For Bitcoin appeared first on Bitcoin News.

Posted Date: November 13, 2017
The next evolution of digital card gaming is coming. Nova Blitz is deploying the Nova Token, an Ethereum token based on the ERC-20 standard. The platform allows players to own their digital cards, win real prizes in tournaments, and earn copies of cards through proof of stake. As with traditional trading card games, players construct decks consisting of a combination of cards and battle each other in gaming arenas for glory and prizes. Both the digital cards and Nova Tokens are ERC-20 tokens on the Ethereum blockchain, so players can buy, sell, and trade directly on the blockchain. As players own the digital cards in their collection, they will be able to sell these cards for Nova Tokens on the in-game card exchange and on the Ethereum blockchain. The post PR: Own a Piece of the $1.4 Billion Digital Trading Card Games Market with Nova Tokens appeared first on Bitcoin News.