The Bitcoin Network Faces Another Steep Mining Difficulty Adjustment

Another interesting development will take place in the Bitcoin mining sector. With the mempool filling up, things are already looking worrisome. It now seems we will get another major mining difficulty adjustment on Monday. With a new 15% increase in difficulty, transaction confirmations may take even longer. At the same time, the network fees will probably continue to rise for a while longer. It is evident this situation doesn’t look favorable. For now, we have to wait and see how things will play out. Bitcoin’s network has been struggling for…

BitherCash: An Altcoin with a Difference

BitherCash: An Altcoin with a Difference December 16, 2017 GMT | lvnadmin With the myriad of ICOs being launched every few days, investors are now fed up with the run of the mill altcoins that are simply replicas of each other. They lack creativity. Investors are now looking for ICOs that offer a unique proposition that is not based on the same overused technology. Enter BitherCash coin. Unlike most of the altcoins that rely on the Ethereum Virtual Machine, BitherCash coin is based on a proprietary blockchain that is an…

France Allows Trading of Unlisted Securities on Blockchain Platforms

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In its advent to become a FinTech hub, the French government has given the nod for trading unlisted securities using blockchain technology under new rules. According to a Reuters report, the government of France – through its Economic and Finance department – has issued new rules enabling banks and FinTech firms to trade unlisted securities using blockchain platforms. The legislation is noteworthy for acknowledging blockchain as a transformative new technology to power securities trading, capable of performing…

Ethereum Price Hits All Time High of $750 Following Speed Boost

Ethereum’s price surge continued into today as the digital currency topped $700 to reach a high of $750 according to coinmarketcap.com. This brought Ethereum’s market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640. Transaction throughput The network’s transaction speed and fee normalisation seem to have influenced the price increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday. Good…

Video Websites Used For Mining By Hackers

In the past, the likes of torrent website PirateBay has grabbed headlines for mining cryptocurrencies with users hardware. Adguard, makers of privacy and ad-blocking software, estimate that over a billion users have had malicious software installed on their computers, which is using processing power to mine cryptocurrency Monero. According to RT, website Openload, Streamango, Rapidvideo and OnlineVideoConverter have been accused of mining cryptocurrencies while users watch videos. By installing software on a user’s computer, the websites allow cybercriminals to mine Monero. Adguard Co-founder Andrey Meshkov said they discovered the activity using…