Cryptocurrency Market Declines $5 Billion, Bitcoin Fairly Stable at $6,450

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The cryptocurrency market has dropped by $5 billion over the past 24 hours, from $282 billion to $277 billion. Most major cryptocurrencies including Bitcoin have declined by 1 to 2 percent but did not demonstrate any major movement on both the upside and downside. …

Cryptocurrencies like Bitcoin Less Wasteful Than Fiat Money

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.” Bitcoin and cryptocurrency have an …

Chinese Government Orders Faster Blockchain Development

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: …

China Ranked Verge, Which Experienced a 51% Attack, in the Same Spot as Bitcoin

Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 22, CCN reported that Verge (XVG), a privacy-focused cryptocurrency, fell victim to yet another 51 percent attack. Altcoin mining pool operator Suprnova revealed that an individual or an organization has invalidated legitimate blocks. Verge Attack “Verge is once again …

47% of South Africans Plan to Invest in Cryptocurrencies

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the …

Russian Hotels Will Accept Bitcoin During the FIFA World Cup

Join our community of 10 000 traders on Hacked.com for just $39 per month. The world’s biggest sporting event is just a few months away and fans are flocking to online websites to book their seats in Russia. Luckily for crypto users, Kaliningrad, one of the cities hosting the matches, is now offering cryptocurrency payments for …

Florida State Employee Arrested for Mining Cryptocurrency on Agency Infrastructure

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. According to a statement released by the Florida Department of Law Enforcement (FDLE), an employee at the Department of Citrus was found using state-owned computing hardware to mine cryptocurrencies. The perpetrator, Matthew McDemott, served as the information technology manager for the department, …

Russia is Considering Relaxed Rules for Cryptocurrency Adopters

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Russia’s plan to regulate cryptocurrencies and initial coin offerings lead to the first draft of the federal law “On Digital Financial Assets”. According to translated documents, the law stated: This federal law regulates the relations arising in the creation, issuance, storage and …

Venezuela to Auction Petro via Its Dicom Foreign Exchange Platform

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. According to Venezuelan vice president Tareck El Aissami, the country’s oil-backed cryptocurrency Petro (PTR) will be auctioned to private companies via the country’s Dicom foreign exchange platform “in a few weeks.” While speaking at a meeting broadcast on state television, El Aissami …