Urban, Author at 2100 NEWS

Bitcoin Doing Better Than Iran’s Currency, All Rial Holders Will Lose 57% of Their Value

June 30, 2018 0 0

The national currency of Iran, the rial, is expected to lose at least 57 percent of its value by the end of 2018 amidst a correction worse than that of bitcoin, and the holders of the Iranian rial are said to lose more than half of their savings stored in fiat. Hyperinflation at 132 Percent […]

Zcash Governance Panel Votes Against Prioritizing ASIC Resistance

June 30, 2018 0 0

In a vote led by the Zcash Foundation, the Zcash community voted against prioritizing ASIC resistance in the protocol. The governance panel consisted of 64 elected individuals from the Zcash community. In May, Chinese hardware manufacturer Bitmain released the first ASIC miner for Zcash. Several people have expressed concerns over this stating that ASICs would lead to centralization of […]

Indian Bank Kotak Mahindra Taps Ripple for Instant International Remittance

June 28, 2018 0 0

Kotak Mahindra, a major private bank in India, the latest financial institution to join RippleNet, Ripple’s enterprise blockchain network to enable inward remittances. In an announcement [PDF], Kotak Mahindra Bank revealed it use San Francisco-based Ripple’s blockchain technology to power inward international remittances in India, the world’s largest remittance receiver. Specifically, Kotak will use Ripple’s […]

Pornhub Will Now Take Your Tron (TRX) and ZenCash (ZEN)

June 28, 2018 0 1

That the porn sector is an early adopter of new technology is cliché. Still, this has been proven once more with adult entertainment firm, Pornhub, announcing that it has begun accepting Tron (TRX) and ZenCash (ZEN) as a means of payment. With TRX and ZEN coins, consumers of adult entertainment will now be in a position […]

Bitcoin Price Depends More on ‘Silent Majority’ Than Twitter ‘Thought Leaders’: Research

June 28, 2018 0 0

The louder they are, the less influence they have. This seems to be the conclusion drawn by Feng Mai, a researcher at the New Jersey-based Stevens Institute of Technology, after conducting a study investigating the influence of social media on the bitcoin price. According to Mai the comments and tweets of social media users considered highly active were found […]

US Justice Department Seizes $20m+ in Bitcoin in Nationwide Drug Bust

June 27, 2018 0 0

The Department of Justice (DOJ) in conjunction with a host of other government agencies have uncovered vendors of illicit goods on the Darknet to seize weapons and over $20 million in bitcoin from them. The operation which was spearheaded by the Department of Justice had Special Agents of Homeland Security Investigations (HSI) pose as money […]

Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

June 27, 2018 0 0

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in […]

Cryptocurrency Ownership in Europe and the US Expected to Double: ING Study

June 27, 2018 0 0

Despite bitcoin and other cryptocurrencies currently hovering near their lows for the year, interest in the nascent technology is expected to more than double in the future in the United States and Europe. This is according to a study conducted by ING Bank N.V. in Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Poland, Romania, Spain, Turkey, United Kingdom, […]

Bitcoin Price Leads Monday Recovery as Market Fights Off Weekend Firesale

June 26, 2018 0 0

The cryptocurrency markets experienced a labored recovery on Monday after the deep bitcoin price sell-off that occurred over the weekend. Monero Price Headlines Monday Recovery Monero (XMR) has seen a huge rebound in the past 24 hours, up nearly 15% to $128.86. Monero saw a steep sell-off with the news out of the United States that […]

‘Independence Day’: Tron Activates Mainnet After Month-Long Migration

June 26, 2018 0 0

Tron (TRX), the tenth-largest cryptocurrency with a circulating market cap of $2.8 billion, has formally activated its mainnet following a month-long migration to its independent blockchain. Tron Celebrates Independence Day Previously, TRX had been built as an ERC-20 token on the Ethereum network, where it had resided since Tron’s initial coin offering (ICO) in 2017. The migration began on May […]