Venezuela to Regulate Bitcoin Mining

According to local sources, the government of Venezuela is scheduled to launch an online registry for Bitcoin miners by Dec. 22. All Bitcoin miners in the country will be required to sign up. The registry is the first step in the development of a full legal framework to tax and regulate cryptocurrency mining in the country. Proponents of the decision argue that it will protect cryptocurrency miners in the country. Angel Salazar, a member of an advisory commission helping the Venezuelan government implement cryptocurrency regulations, stated: “Miners are working under…

Ethereum, Ripple and Litecoin Boom As Bloomberg Adds Them To Terminal

Ripple (XRP) has hit huge new all-time highs as the altcoin joins Ethereum (ETH) and Litecoin (LTC) in debuting on Bloomberg Terminals. News that Bloomberg had added the three cryptocurrency assets to its benchmark price tracker sent XRP soaring to almost $0.90 per coin – an increase of almost 300 percent in just three days. The publication’s journalist Lily Katz confirmed the additions Thursday. Come one, come all — @TheTerminal has officially added ether, litecoin and ripple pricing pic.twitter.com/RDGchH5QEP — Lily Katz (@LilyKatz) December 14, 2017 This week has seen…

Despite Regulation, Russians Plan to Build Europe’s Largest Mining Farms

Featured Undeterred by upcoming federal restrictions on Bitcoin, regional authorities in Moscow have announced intentions to attract European mining companies and investors. Cheap electricity and developed infrastructure will provide the incentives and more than 150 mining farms in the metro area are taking advantage of them already. A Russian company plans to set up one of the largest mining facilities in Europe and is now offering a token to finance the project. Also read: Hong Kong Company Set to Build Crypto Mining Farm and Museum on Russian…

Garzik Forks UnitedBitcoin Away from “Maximalists” to Support Altcoin Communities

  A new project called UnitedBitcoin (warning: the site autoplays audio) promises to add smart contract features using the UTXO model, support for the lightning network and SegWit, and eight-megabyte blocks. Headed up by Jeff Garzik, the lead developer behind the failed SegWit2x hard fork, along with Matthew Roszak and SongXiu Hua, this UnitedBitcoin (UB) hard fork will offer replay protection to prevent people from accidentally spending their coins on both the Bitcoin and the UnitedBitcoin blockchains. Garzik told Bitcoin Magazine that “10% of the total worldwide SHA-256 hash power”…