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    Home Unlabelled Crypto Currency Markets Elon Musk Tweets About Dogecoin, Pumps Coin By 14%

    Crypto Currency Markets Elon Musk Tweets About Dogecoin, Pumps Coin By 14%

    July 18, 2020

    Crypto Currency Markets Elon Musk Tweets About Dogecoin, Pumps Coin By 14%

    Elon Musk Tweets About Dogecoin, Pumps Coin By 14%

    Posted: 18 Jul 2020 09:13 AM PDT

    Leaked FBI Docs Show Just How Easily They Track Bitcoin - And The Untraceable Coin They're Frustrated With...

    Posted: 18 Jul 2020 10:05 AM PDT

    Americans Searching For “Bitcoin” Consistently Increasing on Google Trends

    Posted: 18 Jul 2020 01:21 AM PDT

    Ethereum: The accumulation phase of a lifetime

    Posted: 18 Jul 2020 09:18 PM PDT

    Bitcoin Extremely Low Volatility Indicates a Big Move is Coming to $10,000 or $8,000

    Posted: 18 Jul 2020 07:37 PM PDT

    XinFin Explained - Exploring XinFin’s Hybrid Blockchain, By Ivan on Tech!

    Posted: 18 Jul 2020 05:56 PM PDT

    Welp, this hasn't happened in a while. Is it altseason?

    Posted: 18 Jul 2020 11:39 AM PDT

    China controls 50% of bitcoin mining, the US — 14%, and Russia-8%

    Posted: 18 Jul 2020 04:13 PM PDT

    China controls 50% of bitcoin mining, the US — 14%, and Russia-8%

    Investment company Fidelity and research firm BitOoda published a report on July 16, according to which China accounts for not 65% of bitcoin mining, as previously thought, but only 50%.

    Analysts based their research on various sources, including surveys of miners who agreed, on condition of anonymity, to share information about various aspects of mining, including the cost of electricity. The report says:

    We were able to find 153 mining facilities that consume ~4.1 GW and 67 facilities that consume ~3 KW, and we have data on electricity prices provided on the condition of anonymity.

    BitOoda also found that 14% of bitcoins are mined in the United States. As for the data on Chinese miners, it is difficult to verify them, so 50% of the world's bitcoin production is not the final figure. "Conversations [with miners] suggest that most of the capacity is located in the US, Canada and Iceland, and only a small part is located in China and other countries," the researchers said.

    ​

    Geographical distribution of bitcoin mining

    The survey also showed how flooding in China (the so-called "hydro season") affects the income of miners. Six months a year, miners from Sichuan and similar provinces spend less bitcoins to pay for their expenses.

    We oppose the generally accepted view that low electricity prices encourage hashrate growth during the flood season," the researchers write. — We believe that flooding or the hydro season shifts the cost curve by 6 months a year, which leads to a decrease in bitcoin sales to Finance operating expenses, as a result, miners accumulate capital to Finance capacity growth.

    According to the attached chart, the price of bitcoin fluctuates inside and outside the hydroseason, while the growth of the bitcoin hashrate remains stable. Manners had to put up with the elements in Sichuan and other provinces, and in recent years there have been numerous reports of massive outages of mining equipment due to flooding.

    ​

    Compare prices and Hasrat bitcoin depending on floods and \"hydrostone»

    Researcher Martin bent (Marty Bent) was pleasantly surprised by the results of the survey:

    It is striking to see that the US already accounts for 14% of the hashrate — I expect this figure to grow significantly.... he wrote after the publication of the study.

    P.S - You may also be interested in

    submitted by /u/btcxlab
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    Top 3 Best Performing Cryptocurrencies During The Coronavirus Pandemic

    Posted: 18 Jul 2020 10:09 AM PDT

    Abra creates a banking service based on the Stellar blockchain

    Posted: 18 Jul 2020 04:01 PM PDT

    Abra creates a banking service based on the Stellar blockchain

    Cryptocurrency startup Abra, which is an operator of a multi-currency wallet and cryptocurrency exchange application, plans to provide banking services based on the Stellar cryptocurrency blockchain (XLM).

    ​

    https://preview.redd.it/jkmccee45pb51.jpg?width=1024&format=pjpg&auto=webp&s=842a96622938de87ffdcd386a349e858fd314177

    On July 15, at a meeting of the non-profit stellar Development Foundation (SPF), Abra CEO bill Barhydt announced that the company is focusing on creating a banking service. In particular, Barhydt noted that in the coming weeks, investors may be granted "the opportunity to receive interest income".

    "This will allow customers, in particular people who are not familiar with the crypt, to store dollars and earn significant interest on them," Barkhidt said at the meeting. He explained that the same feature will be available for cryptocurrency holders as well.

    In may 2020, SDF invested $5 million in Abra, while Abra announced the start of development of services based on the Stellar blockchain.

    "In order to take Abra to a new level, the company is building a completely new part of the business aimed at simplifying financial transactions around the world in real time based on the Stellar network," Barkhidt said at a meeting on July 15. "This will allow us to perform lending services on a global scale."

    Decentralized Finance (DeFi) is one of the ways of cryptocurrency lending and receiving interest on deposits. "We want to take these solutions to another level and use the Stellar platform to provide completely traditional banking solutions on a global scale," Barkhidt said.

    Stellar is a decentralized platform for conducting peer-to-peer currency transactions — payments and exchanges. Stellar's goal is to bring together banks, payment systems, and people for fast, cheap, and reliable money transfers.

    submitted by /u/btcxlab
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    Hackers found an opportunity to steal cryptocurrency from bitcoin wallets

    Posted: 18 Jul 2020 03:54 PM PDT

    Hackers found an opportunity to steal cryptocurrency from bitcoin wallets

    A bug in applications for storing digital assets allows criminals to replace unconfirmed transactions with their own and make users' wallets malfunctioning

    ​

    https://preview.redd.it/1ycx5txr2pb51.jpg?width=280&format=pjpg&auto=webp&s=47e3f179626ef64641accaad40379435065d5249

    A team of experts from ZenGo discovered a BigSpender bug in many wallets for storing cryptocurrency, such as Ledger Live, Edge, BreadWallet. The error allows hackers to steal bitcoin and other coins from users.

    Some wallets have a feature that allows users to replace an outgoing, unconfirmed transaction with a new one, but with a different Commission. Due to this feature, holders could pay the miners a higher amount for the transfer of cryptocurrency, so that they could confirm the operation faster. At the same time, it has become a loophole for hackers.

    To steal cryptocurrency, they must first replace the transaction with another one, but with an extremely low Commission. This will guarantee that the transfer of cryptocurrency will not receive confirmation. Then hackers replace the pending transaction with their own, leading to the wallet they control. As a result, the funds go to the criminals, but the user's app shows that the coins were allegedly delivered.

    God gives hackers another opportunity. They can spam the user's address with a lot of fake transactions, so that there is a critical discrepancy between the real and displayed balance. As a result, the wallet will be impossible to use. It is clarified that the Breadwallet and Ledger Live applications have already eliminated the vulnerability.

    Today, on July 13, hackers broke into the cryptocurrency wallet of the Indian crypto exchange Cashaa and withdrew 336 bitcoins worth $3.1 million from it. The company reported the incident to the cyber crime investigation Department of the Delhi police and other trading platforms.

    News source

    Image source

    submitted by /u/btcxlab
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    Trend and momentum: top and worst coins of July 18th

    Posted: 18 Jul 2020 03:53 PM PDT

    DOGE Price Rallies by 12% After Elon Musk Tweet

    Posted: 18 Jul 2020 05:16 AM PDT

    XRP Toolkit & Billionaire Hedge Fund Manager Invests in XRP - Binance US Ripple ODL

    Posted: 18 Jul 2020 08:53 AM PDT

    Binance's Q2 Futures Trading Volume Increased By 68%

    Posted: 18 Jul 2020 02:22 PM PDT

    Crypto News: Twitter hack 2020 and The Paypal, Fidelity, and Grayscale Love Affair with Crypto - Exodus Wallet

    Posted: 18 Jul 2020 02:13 PM PDT

    What Is Cryptocurrency Leverage Trading And The Risks That Come With It

    Posted: 18 Jul 2020 11:44 AM PDT

    What Are Candlesticks And Why Must I Understand Them? Trading 101 with Finxflo

    Posted: 18 Jul 2020 11:43 AM PDT

    Bitcoin(BTC) Wallet Has Hit New All-Time Highs

    Posted: 18 Jul 2020 11:08 AM PDT

    Today at Cash Alternative TV: Crypto Scammers Hack Twitter, TikTok DOGE Pump, Dash Core Group on Fire and more!

    Posted: 18 Jul 2020 11:04 AM PDT

    Most Americans Heard of Bitcoin, the Challenge Now Is They Understand Its Real Purpose

    Posted: 17 Jul 2020 11:12 PM PDT

    List of Today's and Tomorrow's Upcoming Events

    Posted: 18 Jul 2020 06:00 AM PDT

    I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.

     

    https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal

     

    ADD AN EVENT

    If you like an event to be added, click Submit Event, and we will do the rest.

     

    NEXT DAY UPCOMING EVENTS

     

     

    submitted by /u/cryptocalbot
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    Venezuela bans Crypto mining citing heavy power consumption

    Posted: 18 Jul 2020 03:47 AM PDT

    "Despite the negative attention directed at Bitcoin, the incident does not imply any underlying security concerns for the Bitcoin network itself." - Forbes Article

    Posted: 18 Jul 2020 08:57 AM PDT
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