Citing data that demonstrates that over 86% of all Bitcoin SV volume originated from just 100 transactions, analyst Kevin Rooke told Twitter that Craig Wright’s pet crypto project is a “total ghost town.” 86.4% of all Bitcoin SV volume yesterday came from 100 transactions. The BSV network is a total ghost town. Despite that, network value is now $ 4.5 billion, up 300% in the last 45 days. Totally insane. pic.twitter.com/5xS2qvNsJc — Kevin Rooke (@kerooke) June 23, 2019 Indeed, the stated purpose of the Bitcoin SV fork is to have the capacity for millions of transactions, making the base layer of
Crypto Town Hall Meetings Grow to 8 Indian Cities for More to Voice Regulatory Ideas
The number of open town hall meetings for the Indian crypto community to voice regulatory suggestions has grown from four cities to eight. The organizer of the meetings has shared details with news.Bitcoin.com. Meetings will be hosted in four new cities in April and the best suggestions for crypto regulation will be submitted to the government, the organizer has explained.
Also read: Indian Supreme Court Set to Hear Crypto Case on March 29
Australian Crypto Startup Invites Steve Wozniak to ‘Digital Currency [Holiday] Town’
An Australian travel tech startup has invited Apple co-founder Steve Wozniak to Agnes Water and Town of 1770, the country’s first digital currency towns. Brisbane-based TravelbyBit extended the invitation after the American inventor expressed his interests to travel the world using nothing but bitcoin, as reported by local publication Micky. The company, which enables businesses
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The Daily: Global Cryptocurrency M&As Rise, US Town Halts Mining
In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned cryptocurrency mining for a period of one year.
Also Read: Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud
Washington Town Ephrata Pushing Back Against Cryptocurrency Mining
The small Washington community of Ephrata is just the latest in a growing number of communities inside of Grant County moving to halt crypto activity.
When the city council of Ephrata, Washington, recently voted to halt new cryptocurrency-related mining operations in the town for the next year. The choice they made is becoming increasingly popular among Washington’s smaller towns and communities.
The Spokesman-Review reported on an Ephrata city council vote to step back in order to make sure the activity of cryptocurrency miners and their affiliated operations are a positive fit for the city’s residents.
Town In Canada Meets Hackers Demands With Bitcoin Ransom
In the Ontario province of Canada, holds the town of Midland which has a population of more than 16,000 people and has recently had its computer systems hacked and infected with ransom malware.
The town of Midland has come to conclusion that they are going to meet the hackers wants and pay them (as per their demands) in Bitcoin, in order to get the computer system up and running again.
The attack on the towns computer systems left the town with ineffective computers for around 48 hours which ruined the processing of payments, issuance of permits, email services, marriage applications and reloading of transit cards.
This Canadian Town is Coughing Up Bitcoin After Ransomware Attack
A town in the Ontario Province of Canada has decided to pay hackers the ransom they are demanding in bitcoin in order to get its computer network working again. Midland, which has a population of over 16,000, had its computer systems breached and infected with ransom malware that encrypted files at the beginning of the
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India Small Town Layman Falls For A Conman: First MLM, Then Wallet Theft
The growing incidence of bitcoin multi-level marketing (MLM) scams in countries like India is a two-pronged wake-up call. First, has a small town investor become more gullible than ever? Second, and more scary, is bitcoin – with all its complexity and novelty mixed with explosive growth – making it easy for vampires to confuse newborns?
Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life
With a population of fewer than 100 people, the small Canadian mill town of Ocean Falls sits dormant in British Colombia. Some think the Bitcoin mining boom could help reverse their economic fortunes.
Some Bitcoin 00 miners see themselves as soldiers of fortune. They go out to adventure across the world in search of good places to mine and make money.
Many have moved to places across China and Scandinavia. Locales in China like Inner Mongolia and Xianjiang have long been global hubs for coal-powered mining operations.
Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town
A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in place of a recently closed coal fire power plant.
Bitmain Goes West
Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town in America great again?
That’s exactly what is happening in Rockdale, Texas, a small Central Texas town of 5,861 that has endured economic troubles since the last coal-fired power plant and mine closed in January 2018.
Bitcoin Price Analysis: Oh Boy, the Bears are Back in Town!
Guess who just got back today? That wild eyed bull that had been away, has reappeared as Bitcoin price just broke $ 7,700! Question is, will the bears go quietly or will BTC continue trading sideways as the bears maul it into submission?
Market Overview
It’s in tumultuous times such as these that investors should just kick back and relax. Take a deep breath, read a book, binge watch Netflix or just listen to Thin Lizzy as we at Bitcoinist love to do…hence the not so subtle mash up of the Thin Lizzy’s chorus in the title.
“Real Users”: In This Italian Mountain Town, Everyone Knows About Bitcoin
He’s scribbling a series of 12 words on the blue paper handed to him by one of the two women at the other side of the desk. Marco is his name. Graying hair, blue jeans, and still wearing the fat, black winter coat that protected him against the cold Alpine air outside, he just drove 80 kilometers from his hometown and is now in the process of installing the Altana Bitcoin wallet, as recommended.
“I had heard of Bitcoin but didn’t own any,” he explains, when asked why he didn’t just buy bitcoins on an online exchange. “I prefer the human contact if I’m going to purchase some.”