Ever since the Bitcoin Cash network underwent its major protocol upgrade, there have been numerous concerns. Not just because Bitcoin Cash SV seemingly poses a genuine threat first and foremost, but also due to the recent node client upgrade. So far, it seems most node operators are not intent on upgrading this client whatsoever. Bitcoin Cash Nodes Are Worrisome It is not the first time a major discussion breaks out over the Bitcoin Cash network nodes. More specifically, ever since its inception, this project has seen a growing threat in the form of node centralization. A lot of network nodes are hosted on VPS platforms, with Alibaba being one of the favorite solutions so far. It appears things may begin to improve moving forward, although a new problem has shown up all of a sudden. A few days ago, the Bitcoin ABC developers introduced a new client. That latest version introduces a feature which ensures no one can reorganize the BCH blockchain. It is an integral aspect when considering how there are still two networks effectively competing with one another. Given the lack of replay protection on both sides, such a feature is not an unnecessary luxury in the slightest. Unfortunately, it would seem most of the Bitcoin ABC-based node operators have not upgraded to the latest client. While the majority of nodes are effectively running a version of 0.18.0 or higher – older versions are effectively considered nodes rejecting the network upgrades – there is still a much bigger…
Source: Most Bitcoin Cash Node Owners Don’t Offer Reorg Protection

Brutal best defines the past 36 hours for the crypto market, with almost all cryptos seeing double-digit losses and sinking to yearly lows. The weekend crash saw Bitcoin sink to $3,500, almost half of what it was trading for just two weeks ago. However, Bitcoin is finally in the green and in the past 12 hours, it has slowly edged back to the $4,000 level. The market saw a wave of green, although the movement of most cryptos was very little and they are still miles away from the prices they posted a fortnight ago. Ethereum gained 2.3 percent and currently sits at $115, with Litecoin at 6 percent being the biggest gainer in the top 10. Will The New Week Bring Good Tidings? After weeks of stability and very little volatility, Bitcoin has been on a free fall in the past two weeks. The currency has descended further and further down to finally hit $3,500 earlier today. However, it seems the trend may have finally been reversed, with the currency gaining 3.8 percent to hit $4,000. At press time, the currency was trading at $4,017. On Bitfinex, which is the fourth largest crypto exchange by volume, Bitcoin was trading at $4,100, a really positive sign for investors. On South Korean exchange Upbit, which is the sixth largest globally, Bitcoin was trading at $4,080. The movement, however slight, will be highly appreciated by investors, especially given that it is a weekend. Historically, weekends haven’t been too kind to cryptos. The…
Source: Green Again! Bitcoin Regains ,000 As Most Cryptos See Green After Bloodbath

Academic institutions from all corners of the world are offering classes on cryptocurrencies and supporting research initiatives in this burgeoning sector. From New York to Tokyo, universities are spearheading a plethora of crypto-themed courses. Also Read: The Daily: US Defense Department Probes Blockchain, Singapore Approves 1X Two New Accelerators at Columbia University IBM and Columbia University have announced two new accelerator programs for blockchain developers. The programs will support 10 different startups, will last about eight weeks, and give each company access to technology and services valued at approximately $400,000. The academic institution and the technologies giant will not seek equity or a payment in return. The Columbia Blockchain Launch Accelerator is designed for pre-seed idea-stage companies with an affiliation to New York City-based universities. The IBM Blockchain Accelerator is meant for later stage growth companies from all over the world and is focused on enterprise business networks. Satish Rao, Executive Director at Columbia Blockchain Launch Accelerator, commented: “Early and late-stage teams will undoubtedly benefit from IBM’s technology resources, expertise and established network coupled with Columbia’s ground-breaking research and talent in blockchain and data transparency, all while benefiting from rapidly growing NYC blockchain communities.” University of Luxembourg to Improve Crypto Security VNX Exchange, a Luxembourg-based platform for tokenized venture capital assets, has reportedly partnered with the University of Luxembourg in order to enhance the security of crypto assets. As a part of the cooperation, researchers at the university’s Interdisciplinary Centre for Security, Reliability and Trust will try to create a safer…
Source: Universities in New York, Tokyo and Luxembourg Support Crypto Development

Through 2018, the profitability of Bitcoin mining (and the mining of other cryptocurrencies) has taken a bit of a tumble. Prior to the start of the year, when Bitcoin entered a bull phase and almost peaked at $20,000.00, the Bitcoin mining industry saw a huge uptake in popularity, simply because all of a sudden, mining Bitcoin could have become a very profitable business. Through the year though, a bad recipe of climbing energy prices and the falling value of Bitcoin has meant that now, mining Bitcoin really doesn’t make anyone much money. Tie this in with the sudden change in the supply of and demand for cryptocurrency mining equipment, and suddenly the price to buy the rigs needed to mine Bitcoin has shot up. Overall, it’s a lose-lose situation for the miners. Until recently, Norway did have a partial resolution to the problem of low profitability when mining Bitcoin through a programme that allowed Bitcoin mining companies to receive subsidised energy bills from the Norwegian government. Basically, thanks to a government initiative, energy bills for Bitcoin mining companies were reduced, in order to allow them to continue to make a small profit. With the payments from the authorities in place, mining firms in Norway paid around $0.00056 per kilowatt of energy used. By recent reports, however, this price is set to increase as a result of the authorities retracting from this payment system. Now, the estimated costs per kilowatt of energy will be rising to around $0.194. According to Crypto…
Source: Bitcoin Mining In Norway To Lose Out

Alexander Vinnik, the suspected operator of the infamous BTC-e exchange, plans to start a hunger strike on Monday, days before his next court hearing. The Russian, who has been accused by U.S. authorities of laundering billions of dollars through the now-defunct crypto trading platform, fears he is not going to receive a fair trial.   Also read: BTC-e Successor Wex Loses .nz Domain Complaints About Rights Violations Vinnik, who has been detained in a Greek jail since his arrest in Thessaloniki last summer, is protesting prison conditions and violations of his rights, the head of his defense team, Timofey Musatov, told Russian reporters. The lawyer said Vinnik has already informed the Russian consul in the northern Greek city about his decision to go on a hunger strike. Greek police detained the Russian national in July 2017 on a warrant issued by the U.S., where he has been charged with laundering funds from the Mt Gox hack and more than 20 other crimes. Prosecutors believe Vinnik and his accomplices laundered between $4 billion and $9 billion through BTC-e, once the largest Russian crypto exchange. In early October, a court in Thessaloniki ruled in favor of Vinnik’s extradition to the U.S. His lawyers have filed an appeal with the Supreme Civil and Criminal Court of Greece in Athens and his next hearing is scheduled for Nov. 29. Russia has previously objected to the extradition of its citizens to the United States. The authorities in Moscow want him back in the Russian Federation, where…
Source: BTC-e Operator Alexander Vinnik to Go on Hunger Strike, Lawyer Says

South Korea to many is considered as one of the leaders of the blockchain and cryptocurrency revolution. Like local rivals, Japan, South Korea want to be seen as one of the hottest places to be when it comes to cryptocurrency and blockchain technology. As a result of this, many of us do see a blockchain revolution happening in South Korea in the not so distant future, as a sentiment to their passion for technological innovation. That’s if Japan doesn’t beat them too it of course! Either way, this healthy rivalry is very important, it is encouraging a culture of collaboration and expression, one that is allowing blockchain developers to come to the fore and to really ensure that their skillset is shown as a part of this blockchain revolution. According to recent reports, the South Korean government have explored yet another area that promises to be disrupted by blockchain technology, the food supply chain and food auditing industry. In this instance, the government have now decided to go ahead with deploying blockchain technology in order to keep on top of the ‘beef’ supply chain. This move promises to make beef, as a food item more transparent, meaning that suppliers will be able to easily track the origins of their product, which in turn makes the whole industry more clear and more transparent to the customers. People consuming beef in South Korea will be given a far more clear picture with regards to how their food has been handled, prior to…
Source: Blockchain Technology Continues To Make ‘Mooves’ In South Korea

In a recent interview, former Central Intelligence Agency (CIA) employee and National Security Agency (NSA) subcontractor turned whistleblower, Edward Snowden, argued that the price and value of bitcoin is an expression of the “large population” that believes in its “usefulness” as a means of exchange. Also Read: UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use Edward Snowden Discusses Intrinsic Value of Bitcoin Famed whistleblower, Edward Snowden, recently spoke in favor of bitcoin’s capacity to function as a money during an interview with McSweeney’s. Snowden describes distributed ledger technology as comprising a “new kind of database” on which “history … can’t be manipulated,” which Snowden also argues comprises the fundamental intrinsic value underpinning bitcoin. Snowden stated: “Imagine that instead of today’s world, where publicly important data is often held exclusively at GenericCorp LLC, which can and does play God with it at the public’s expense, it’s in a thousand places with a hundred jurisdictions. There is no takedown mechanism or other “let’s be evil” button, and creating one requires a global consensus of, generally, at least 51 percent of the network in support of changing the rule.” Snowden Argues “Large Population” Believes in Bitcoin as Monetary Commodity Snowden gave a critical appraisal of the value ascribed to fiat currencies, stating: “What makes a little piece of green paper worth anything? If you’re not cynical enough to say ‘men with guns’, which are the reason legal tender is treated different from Monopoly money, you’re talking about scarcity and shared belief in the…
Source: Snowden: “Large Population” Believes in Bitcoin as Means of Exchange

As this rather annoying weekend comes to an end, many traders remain hopeful cryptocurrency markets will rebound pretty quickly. Although there is some positive momentum brewing as of right now, none of the top markets are in the green yet. It seems the first market to do so may be Dogecoin, as its gains over Bitcoin start to look promising. Dogecoin Price Makes an Effort None of the top cryptocurrencies note any real momentum right now. Although the hourly chart looks somewhat decent, the real gains remain hard to come by. No currency in the top 20 is going up in USD value, primarily because Bitcoin keeps dragging everything else down for the foreseeable future. In the past few hours, Dogecoin has become the more stable currency yet again. Although it too lost over 5% in USD value, it has gained nearly 4% on Bitcoin. It is this latter aspect which is well worth paying attention to right now. Prior to altcoins rebounding, they will start reclaiming lost ground in BTC value, So far, Dogecoin is doing exactly that. On social media, most active talks and discussions pertaining to cryptocurrency have seemingly petered out. Dogecoin is still generating a buzz, primarily because of the Dogecoin Christmas contest trying to get more people excited about cryptocurrency. Community efforts like these further highlight why Dogecoin will always remain a relevant altcoin, unlike other projects. Dogecoin Christmas Contest (20.000 Doge) via /r/dogecoin https://t.co/zSRokzmD3p hot in #reddit #dogecoin #doge #crypto much wow! — Domain…
Source: Dogecoin Price Rises in BTC Value and Shows Signs of a Potential Rebound