Olympus Labs is a blockchain fintech ecosystem that connects and empowers investment managers, investors, developers, and third-party applications in… The post Olympus Labs Develops Olympus Protocol to Revolutionize the Cryptocurrency Financial Industry, According to the Company’s July Progress Report appeared first on Invest In Blockchain.
Source: Olympus Labs Develops Olympus Protocol to Revolutionize the Cryptocurrency Financial Industry, According to the Company’s July Progress Report

The post Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions appeared first on 99 Bitcoins. This guide will explain the basics of fees from how they are calculated to what you can do in case you didn’t pay a big enough fee. Post summary Bitcoin transaction fees (sometimes referred to as mining fees) allow users to prioritize their transaction (sometimes referred to as tx) over others and get included faster […]
Source: Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions

A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining Activity A research unit of South Korea’s state-run Korea Development Bank (KDB) has compiled a report suggesting that North Korea has been mining cryptocurrencies, Yonhap News Agency detailed Monday. Citing the report, the news outlet wrote: North Korea appears to have tried to mine cryptocurrencies on a small scale. “The KDB unit said North Korea may have tried to mine bitcoin between May and July last year, but the attempt appears to have been unsuccessful,” the publication added. The report further describes that North Korea seems interested in the defining “characteristics of cryptocurrencies, including anonymity, difficulties of tracing money and cashability.” Bitcoin Exchange Being Developed Without providing additional details, the news outlet quoted the report claiming that: A North Korean technology firm, named Chosun Expo, is developing and selling a market-exchange platform for bitcoin. According to the KDB unit, it will take time for the cryptocurrency industry to expand in North Korea, due to the lack of a blockchain infrastructure, high-performance computers, electric power, and networks to carry the internet, South Korean media Speconomy conveyed. “The current situation in which only a few layers of the Internet can be…
Source: Report Finds Mining Activity and Bitcoin Exchange Development in North Korea

Nicehash, the cloud mining service that got hacked in December, has returned 60 percent of the stolen bitcoins, according to local media. After the cyberattack last year, the Slovenian company promised to fully reimburse its customers and has been doing it on a monthly basis. The police investigation into the case is still ongoing.    Also read: Mt. Gox Creditors Can File Rehabilitation Claims by October 22 Reimbursements Made on Monthly Basis Slovenia-based crypto-mining pool Nicehash has managed to return 60 percent of about 4,700 bitcoins (BTC) stolen in a hacking attack last year, STA reported. In December, 2017 when crypto prices were heading towards their all-time highs, the missing cryptocurrency was valued at approximately 56 million EUR (~$65 million USD). The price of bitcoin core (BTC) has dropped from almost $20,000 USD per coin in the weeks following the cybercrime incident to around $6,700 dollars at the time of writing, or almost 70 percent. Nicehash was hacked on December 6, when its website went down and it was forced to interrupt operations. “Our payment system was compromised, and the contents of the Nicehash bitcoin wallet have been stolen,” the company announced in a Reddit post. The platform was back online just two weeks after the security breach. Its team pledged to fully reimburse the pool members for their losses. So far, the reimbursements have been made on a monthly basis. Investigation Going On in Slovenia The criminal investigation into the case is still ongoing, the Slovenian press agency noted…
Source: Nicehash Returns 60% of Coins Stolen in the Hack

Derivatives trading isn’t new, but it’s been enjoying a renaissance of late. As the cryptocurrency market has traded sideways, traders have upped the leverage and rushed to swap BTC derivatives that promise greater risk and reward. While platforms like Bitmex and Deribit have profited from the boom in synthetic assets, many traders have been left high and dry. Also read: Hydroelectric Dam in New York Repurposed as Crypto Mining Farm Derivatives Trading Is a Hazardous Pursuit With Little Margin for Error Bitcoin investing is often portrayed as navigating a bumpy road, with each trough and pothole invoking a rallying cry to “Hodl” and persevere till the finish line. If the analogy is accurate, then derivatives trading is like speeding down that road on a motorbike at 160 mph. One false move – a flash crash here; a DDoS there – and it’s game over. Hit a pothole as a hodler and all you’ll lose is some USD off your portfolio. Do the same on 100x leverage and you’ll be liquidated on the spot. Trading synthetic assets, particularly on high leverage, is not for the faint-hearted. Nor is it for the inexperienced. A handful of Bitmex traders have gotten very rich indeed There are three types of synthetic options available to bitcoin traders: futures, derivatives, and margin. Some platforms, such as Bitmex, Whaleclub, and Deribit, offer all three. Traditional exchanges such as Bitfinex, Hitbtc, and Poloniex offer margin trading only, and then there’s the likes of Okcoin which offers futures and margin…
Source: Synthetic Bitcoin Is 100x More Lethal Than the Real Thing