Posted Date: March 18, 2018
Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24. The initiative to take part in the WWF’s annual event comes from the Russian crypto community. The “Crypto Hour” organizers hope to focus attention on the need for […] The post Crypto Miners to Turn Off Rigs during Earth Hour appeared first on Bitcoin News.

Posted Date: March 18, 2018
According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at […] The post BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners appeared first on Bitcoin News.

Posted Date: March 18, 2018
Bank4YOU keeps a hand on the pulse of the blockbuster market. A young currency Byteball has been added to the existing list of accepted fiat and cryptocurrencies. Top-management places great hopes on this currency and starts working with it among the first, giving its customers the opportunity to make the contribution to ICO campaign along with BTC, ETH, USD, GBP, EUR. The post PR: Bank4YOU Announces Receiving Byteball Payments appeared first on Bitcoin News.

Posted Date: March 18, 2018
A lawsuit has been filed against Google in Russia after the company announced restrictions on cryptocurrency-related ads. Entrepreneur Vladimir Orehov demands a 2 billion ruble compensation from the Russian Google entity ООО «Гугл». He claims the ban will deprive him of opportunities to invest in crypto projects and find investors to fund his own business […] The post Lawsuit Challenges Google’s Ban on Crypto Ads in Russia appeared first on Bitcoin News.

Posted Date: March 18, 2018
On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts […] The post The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy appeared first on Bitcoin News.

Posted Date: March 18, 2018
This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App […] The post Paypal Users Receive Cryptocurrency Warning Email appeared first on Bitcoin News.

Posted Date: March 18, 2018
The state of New York may be a difficult place to set up a mining venture in the region as lawmakers have ruled that power companies can raise their electricity rates if miners choose to use the state’s hydropower. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility Charging Higher Electricity Rates […] The post New York Power Companies Can Now Raise Rates for Bitcoin Miners appeared first on Bitcoin News.

Posted Date: March 18, 2018
Just recently a consumer research group called Valuepenguin did an analysis on complaints filed with the Consumer Financial Protection Bureau (CFPB) between June 1, 2017 and March 1, 2018. According to the study, after the significant 50-60 percent downturn in cryptocurrency values, consumer complaints surged by 669 percent. Also Read: Israeli Supreme Court Forbids Bank From […] The post Consumer Complaints Rise 669% After Crypto Prices Decline appeared first on Bitcoin News.

Posted Date: March 18, 2018
Didi Taihuttu, also known as “the man who sold his house for bitcoin”, has joined the MoneyToken advisory board. Didi brings to MoneyToken a wealth of experience in cryptocurrency, and has been mining and trading in cryptocurrency assets since 2011 - but his real claim to fame started last summer, when Didi sold everything he owned and invested it in Bitcoin, with the intention of holding on to his crypto-investments until at least 2021. The post PR: The Man Who Sold His House for Bitcoin Has Joined the MoneyToken Advisory Board appeared first on Bitcoin News.

Posted Date: March 18, 2018
A U.S. federal court has placed a restraining order on and frozen the assets of four alleged promoters of deceptive schemes involving cryptocurrencies at the request of the country’s Federal Trade Commission. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies US Court’s Order The U.S. Federal Trade Commission (FTC) announced on Friday […] The post US Court Shuts Down Promoters of Three Deceptive Crypto Schemes appeared first on Bitcoin News.