This Week at Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator
This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator
Put simply, US-based cryptocurrency exchange and wallet Coinbase has applauded the analysis by New York Attorney General to the industry’s business practices. That was in sharp contrast to the powerful rebuke by Kraken CEO Jesse Powell that required a brave stand against the regulatory overreach.
This Week in Bitcoin Podcast
Hackers, a constant pest in the crypto world, have been our focus on Wednesday. Many scammers have taken over the official Vertcoin Twitter accounts and tricked a couple of followers to send them some bitcoin together with the false promise of a giveaway. Another scammer attempted to blackmail a podcaster to committing him bitcoin by holding his site for ransom but got trolled tough. Additionally covered was Coinmarketcap’s five year anniversary, even when the site unveiled a new symbol, an iOS mobile app and added a few new features.
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Can you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online world revolving around anything and everything Bitcoin. We have ashop. And also aforum. And also acasino, apool and real-timecost statistics.
The most important information on Saturday, besides BTC flirting with the $10,000 cost level again, was the Russian Youtuber Pavel Makushin had been found dead in his apartment. The 23-year-old was the victim of a robbery in January, that found 24 million rubles (roughly $38,000 USD) stolen. Mr. Makushin’s mum was reported to have signaled the prosecution could have directed him to shoot his own life.
Russian Crypto-Millionaire Found Dead
Published at Sun, 06 May 2018 10:10:47 +0000
Also Read: Young New Zealand Man Spared Jail for Working Medicines With Bitcoin
To Be Certain you didn’t miss any Major bitcoin news this week, hear the next podcast:
Crypto Traders in Troubled Waters
Since the messaging agency of choice for many cryptocurrency classes, the problems at Telegram made headlines on Monday. While the business was facing a crackdown at Russia and Iran, this time it was a technical issue in one of Telegram’s data centers following a power outage in Amsterdam that triggered interruptions across Europe, the Middle East, North Africa, Russia, and the CIS states. Additionally covered were also a photo which shows a huge Bitcoin logo projected on the Swiss National Bank building in Zurich and major companies’ blockchain improvements in South Korea.
On Tuesday we reported UCL (University College London) cut all of its connections with the IOTA Foundation because of its ongoing threats against critics that examined the technology, that Wikimédia France will soon begin accepting donations in cryptocurrencies, also that somebody has generated the annoying bitcoin cost alarms from HBO’s comedy series Silicon Valley. Nevertheless, the big news was about bacon.
Hacker Gets Trolled, Vertcoin Gets Hacked
Outage Downs Telegram, Bitcoin Shines onto a Bank
In a turf war over “the world’s first” bacon-backed coin into mining trucks chasing cheap electricity across Europe, the cryptocurrency planet never gets a boring moment. These stories and a lot more were covered in this week’s everyday variants of Bitcoin in Short.
On Friday, the newest developments at the mining distance were our focus. These contained a “mining resort” at Moscow, Russia, also a Bitmain Zcash ASIC miner, as well as mining trucks. Italian inventors intend on installing their miners in transport containers packed with trucks, allowing them to rapidly move the mobile farms into destinations with cheap electricity and more positive regulations. We reported that a group of Belarusian developers is working on a project to create a “True Mining Simulator” — a pc game dedicated to replicating the daily life adventures of a cryptocurrency miner.
Oscar Mayer, the meat brand owned by Kraft Heinz (NASDAQ: KHC), announced it had launched the “first ever cryptocurrency backed by bacon” Fans were encouraged to “mine” Bacoin by engaging in a promotion and pump the worth by shilling for it on social networking. The business was soon hit with a cease-and-desist letter by somebody claiming he devised a bacon-backed coin with the specific same name back in 2014. Luckily for fans, everything turned out nicely at the ending. Oscar Mayer has given to make a contribution in his own name, and also to ship its renowned Wiener-mobile into the man’s house to offer him free bacon and amuse his children for a while and the case had been thus settled.
What additional tales everybody in the bitcoin planet must have read this week?
A couple of unfortunate cases were covered on Thursday. Bitgrail, the Italian crypto exchange that suspended operations after losing 17 million XRB, has briefly reopened and soon closed under order in the Department of Florence. Btcxchange, the oldest bitcoin trading system in Romania, has apparently closed down for good now following several setbacks through the years. Shapeshift CEO Erik Voorhees lashed out at a tweet against Chase Bank that has closed his credit card accounts without warning nor an explanation.