Tag Archives: due

Kik Messenger Team Moves Away From Ethereum Blockchain due to Scaling and Fee Issues

The Kik Messenger ecosystem has been pretty interesting to keep an eye on. After a successful ICO, the company is now building their main infrastructure for their new ICO token. Unfortunately, the team feels Ethereum is not a good choice in this regard. Both the altcoin and technology to power everything will be moved to […]

$300m in cryptocurrency accidentally stolen and lost forever due to bug | Technology

More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds. Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. The lost money was in […]

Indonesian Bitcoin Payment Processors Shut Due to Regulatory “Grey Area”, Exchanges Unaffected

Emerging Markets Reports indicate that Indonesian bitcoin payment platforms Toko Bitcoin and Bitbayer have ceased operations in response to recent announcements that the Bank of Indonesia will not recognize bitcoin as a means of payment. Although the position of Indonesia’s central bank renders the business model of cryptocurrency payment processors unviable, Indonesian […]

Bitcoin highest price is in Zimbabwe, due to a forex shortage — Quartz

Harare, Zimbabwe Interest in bitcoin trade is soaring in Zimbabwe and so is the price of the crypto-currency, which hit new record highs of nearly $10 000 earlier this month in a worsening economy that the government is struggling to turn around. Late on Monday (Oct. 23) Bitcoin prices traded around $9,600 on the Golix […]

Hackers’ Delight? Bitcoin Mining Comes to Aviva Due to Lack of Passwords

Hackers infecting computers to mine Bitcoin have discovered multinational corporations do not even have passwords for their admin consoles. As Business Insider reports quoting findings by security firm RedLock, Amazon Web Services suites at both Aviva and Gemalto were easy prey for bad actors. Just like Deloitte and the ongoing Equifax scandal, where investigators realised […]

Two Possible Bitcoin Funds Are Withdrawn Due to SEC Issues

It may be still be some time before investors will be able to trade in digital currencies through funds like those linked with stocks and other securities. Intercontinental Exchange, Inc. (ICE) had hoped to launch Grayscale Investments LLC’s Bitcoin Investment Trust (GBTC) for just that purpose, but reportedly withdrew its application once it ran into […]

Bitcoin Price Volatility Due to Regulatory ‘Blind Spot,’ Claims Fmr. CFTC Official

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Responding to recent bitcoin price volatility, former financial services regulator Bart Chilton has strong words for the cryptocurrency industry: accept oversight or die. The former commissioner of the Commodity Futures Trading Commission (CFTC) published this warning in a CNBC op-ed. Chilton, who […]

Rise in GPU demand due to Cryptocurrency Mining

  The demand of GPU has surged due to Cryptocurrency Mining especially Ethereum Virtual currency mining. Digital currency commonly Known as “Cryptocurrency” is creating a great deal of buzz across the globe. There exist almost 900 cryptocurrencies in the world right now including Ethereum, Litecoin, and Bitcoin. These digital currencies are being made through a process called […]

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