Norway Scraps Electricity Subsidies for Norwegian Bitcoin Mining Firms

Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise…

Survey Shows that Bitcoin’s use as a Payment Option has Declined in 2018

A chainanalysis study cited by Reuters this past Tuesday shows that the commercial use of Bitcoin (BTC) has dropped considerably this year. Chainanalysis reportedly conducted a survey on 17 Bitcoin payment processors in preparation for the study. The survey showed…

Bitcoin (BTC) Ahead with Gains: Drops Back Again with Another Dip

Bitcoin, the first and the original cryptocurrency, has seen its lowest price in 2018 by declining to 4,446$ and at one point going even slightly below the initial price. The crypto was able to take a brief pause with the…

Bitmain Sues Hacker for Alleged Theft of over 5.5 million in Virtual Assets

Chinese based Bitcoin mining giant Bitmain, has sued an anonymous hacker for the alleged theft of 5.5 million worth of crypto from the mining company’s account back in April. The lawsuit was filed with the US District Court for the…

The Possible Effect of the US Midterms on Crypto-currencies

After the much televised 2016 dustup, America is set to go to the polls again today. This time not to vote for a new president but rather to vote in local leaders in the US Senate, House of Representatives and…

Binance begins Ugandan Foray by Registering 40,000 Users in its First Week

Despite the global tides in crypto demands, demand for crypto in the tiny East African country of Uganda continues to rise steadily. This is surprising considering that three out of four people in that country are unbanked. According to an…

Scientists Say that Bitcoin Adoption Could Exacerbate Global Warming

Scientists have raised a new alarm over climate change, this time showing concern over Bitcoin’s carbon footprint. Scientists are gravely concerned over Bitcoins impact on the earth’s global warming. The report posted on nature.com extrapolates data that currently exists on…

Chinese Merchants Can Now Accept Crypto Payments without Getting into Trouble

Authoritative and dependable Chinese crypto publication, CnLedger, has reported that Chinese merchants are now legally allowed to accept cryptos as payment methods. Reports further state that the Shenzhen court of international arbitration has officially recognized Bitcoin as property, a move that…

Unocoin Co-founder Arrested for Setting up Bitcoin ATM in India

37-year-old Harish BN was apprehended this week by the cyber crime police unit in Bengaluru India, for reportedly running a Bitcoin ATM without the relevant approvals. Harish is the cofounder of Unocoin, a blockchain based company responsible for setting up…

23 year old Woman Arrested for 65,000 Crypto Hack in Sydney Australia

Crypto crimes continue to rear their ugly head with a new incident reported in Sydney Australia where a 23-year-old young woman was apprehended for stealing $65,000 worth of crypto from a 56-year-old man. The lady as reported by the Brisbane…