Posted Date: April 5, 2018
After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining.   Also Read: Okex Fights Market Manipulation […] The post Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes appeared first on Bitcoin News.

Posted Date: April 5, 2018
During the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what […] The post Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange Accounts appeared first on Bitcoin News.

Posted Date: April 5, 2018
On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s latest miner the Antminer E3. The new pre-manufactured mining rig processes the hashing algorithm Ethhash, the PoW consensus protocol for the Ethereum network. Lately, Bitmain has been releasing a bunch of new products including the Antminer X3 which mines Cryptonight algorithms for […] The post Cryptocurrency Mining Industry Sees Influx of New Hardware appeared first on Bitcoin News.

Posted Date: April 5, 2018
True Flip, the blockchain fair games operator, has developed and launched its first slot game. Chain’s Code is available now at cc.trueflip.io with bets starting at 0.000020 BTC and up to 5 BTC as the Superprize. Costa Rica Chain’s Code features a single-line slot machine with a centralized play button for speed, ease of use and substantial replayability. Draws take place every 10-15 seconds, making Chain’s Code the fastest game from True Flip so far. The post PR: Blockchain Games Operator True Flip Enters the Slot Market with Chain’s Code appeared first on Bitcoin News.

Posted Date: April 5, 2018
Venezuelan government intends to purchase Russian auto parts with its state-issued cryptocurrency. Ministers from both countries have discussed the use of the petro in bilateral transactions during a high-level meeting in Caracas. Possible Russian crypto investments are also on the agenda. Also read: Venezuelans to Buy Homes and Property with State Cryptocurrency Caracas to Build […] The post Venezuela to Use the Petro to Buy Auto Parts from Russia appeared first on Bitcoin News.

Posted Date: April 5, 2018
On April 4, 2018, the notorious former CEO of the now defunct bitcoin exchange Mt Gox started an Ask-Me-Anything (AMA) post on the Reddit forum /r/bitcoin. Mark Karpeles (AKA Magical Tux) explained that he’s willing to answer questions concerning the controversial bankruptcy process that’s taking place in Japan within the Tokyo court system. Karpeles writes […] The post “I don’t want this” says Mt Gox CEO Mark Karpeles in Surprise ‘Ask-Me-Anything’ appeared first on Bitcoin News.

Posted Date: April 4, 2018
At the bitcoin cash-focused Tokyo event, Satoshi’s Vision Conference, many movers and shakers and cryptocurrency luminaries got together with Bitcoin.com’s product manager Mike Malley to discuss on-chain scaling and spreading BCH adoption worldwide. During this particular video, Malley chats with Amaury Séchet (Deadalnix) the lead developer of Bitcoin ABC, and the man who revealed the […] The post ABC Developer Amaury Séchet on the Future of Bitcoin Cash appeared first on Bitcoin News.

Posted Date: April 4, 2018
The first quarter of 2018 is on record as the worst in bitcoin’s price history. Just shy of 115 billion USD in market capitalization has been erased. Nearly half of its price from the start of this year is gone. For those relatively new to the ecosystem, it might seem like the time to panic […] The post Bitcoin’s Latest ”Crash” Is Nothing New appeared first on Bitcoin News.

Posted Date: April 4, 2018
Okex has made another announcement regarding its decision to roll back futures contracts after clients were hurt by massive liquidations. The company apologized again for the inconvenience, tried to address rumors regarding the incident and threatened to sue anyone spreading them. Also Read: OTC Cryptocurrency Desks Trade Billions Over Skype BTC Futures Manipulated Okex, the […] The post Okex Fights Market Manipulation Rumors Following Painful Futures Contracts Rollback appeared first on Bitcoin News.

Posted Date: April 4, 2018
South Korea’s financial watchdog today ordered a dozen cryptocurrency exchanges to update their adhesion contracts, which the agency claims causes problems for users in withdrawals, and generally puts the businesses way ahead of consumers on all levels. Also read: Trezor to Implement Bitcoin Cash Addresses South Korea Orders Exchanges to Revise Adhesion Contracts The Republic of […] The post South Korea Orders 12 Crypto Exchanges to Revise Consumer Contracts appeared first on Bitcoin News.