Iran Expected to Turn to Regulation After Ineffective Crypto Ban

Iran Expected to Turn to Regulation After Ineffective Crypto Ban

Comments from the Central Bank of Iran’s Deputy for Innovative Technologies Nasser Hakimi indicate that Iran will legalize and regulate crypto activity sometime in September 2018, putting an end to an ineffective ban that started in April. On 22 April, the Central Bank of Iran declared that all Iranian financial institutions are prohibited from facilitating crypto […]

Russia’s Drugs Directorate GUKON Wants to Criminalize Unregistered Crypto Operations

Russian Ministry Wants to Criminalize Unregistered Crypto Operations

Russia’s Ministry of Internal Affairs Main Directorate for Drugs Control (GUKON) is reported to be investigating whether criminal sanctions are appropriate for unregistered cryptocurrency operations. Local news outlet Izvestia has published what it claims are documents acquired from the ministry that detail its pursuit of an amendment to existing legislation that would criminalize crypto operations […]

Bitcoin Could Be Death Blow for Credit Card Use

Bitcoin Could Be Death Blow for Credit Card Use

The use of digital currency could pose a real threat to credit card companies by pushing down their often exorbitant fees or even by driving some out of business. Even cash is making a comeback in some areas as the public becomes increasingly tired of hearing of credit card companies’ huge profits on the back of […]

Pro-Bitcoin Maltese PM Targeted by Crypto Fraudsters

Pro-Bitcoin Maltese PM Targeted by Crypto Fraudsters

Prime Minister Joseph Muscat, Malta’s pro-cryptocurrency prime minister, has been the subject of a recent Instagram scam. Muscat was targeted by conmen using his name to open a fake Instagram account, in an attempt to promote a Bitcoin investment scheme. The fake account quickly attracted around 1,300 followers with the promise of “enormous return on […]

OKEx Implements Drastic 5-Day Deadline for Verification Requirements

OKEx Implements Drastic Verification Requirements

OKEx, among the top four crypto exchanges in the world with daily trading volume often in excess of USD 500 million, has announced drastic changes to their know your customer (KYC) verification requirements in a post on 23 August 2018. Customers have until 28 August to comply or their funds will be frozen and inaccessible […]

Ethereum Devs Consider Hard Forking Every 8 Months

Ethereum Devs Consider Hard Forking Every 8 Months

Ethereum developers have so apparently decided to hard fork Ethereum every eight months. This was the conclusion of a regular meeting conducted over YouTube on 24 August 2018. Some were even suggesting every six months but that was considered too much pressure for the team. A fork called Constantinople is coming soon. Developers agreed that […]

Blockchain Reality Show BlockBattle Premiers October on South Korean TV

Blockchain Reality Show BlockBattle Premiers October on South Korean TV

It looks like TV might be the next medium for cryptocurrencies through BlockBattle, a South Korean show planned by Asia Economy TV, using blockchain as its theme. A team game called ‘BlockBattle — Who’s the Next Satoshi’ is due to air on the station on 19 October featuring blockchain development teams facing off against each other with […]

Bitcoin News Radio Show, 26th August 2018

Bitcoin News Radio Show, 26th August 2018

Listen to the 26 August 2018 Bitcoin News Radio Show below. [su_audio url=”https://anchor.fm/s/58aba88/podcast/play/1219382/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fproduction%2F2018-7-27%2F4265222-44100-2-0a3467ca3fe41.mp3″] On this edition of the Bitcoin News radio show we discuss the 50cycles banking debacle which reveals the bank’s anti-Bitcoin sentiment, and how Bitcoin’s transaction volume has exceeded Discover and briefly exceeded PayPal. Learn about the schedule of Bitcoin block halving. Hear about […]

Bitcoin Transaction Volume Surpasses Discover, Briefly Surpassed PayPal

Bitcoin Transaction Volume Surpasses Discover, Briefly Surpassed PayPal

A crypto analyst on Twitter named Yassine Elmandjra posted some interesting charts which show the growth of Bitcoin’s USD transaction volume throughout the years, showing that Bitcoin has surpassed Discover, a major credit card, and PayPal. A brief initial fact check on this analysis finds that Bitcoin does appear to have processed more USD transaction […]

Bitcoin Block Halving Schedule

Bitcoin Block Halving Schedule

Bitcoin is programmed to have a maximum supply of 21 million coins, with diminishing mining returns accomplished by cutting the mining block reward in half every 210,000 blocks, until eventually no more Bitcoins are mined. This article explores the past, present, and future of Bitcoin block halving, and its impact on mining revenue and profitability. […]