Crypto Currency News
TRON [TRX] Weekly Wrap-Up – Full Steam Ahead
Sat, 19 May 2018 23:19:12 +0000

TRON [TRX]

TRON [TRX] – The TRON main net launch is just 11 days away.

This week, the TRON Foundation has been steadily working on bringing in as many exchanges as possible to their token swap that is set to occur in about a month. The list of exchanges that have agreed to support the token swap include:

Bibox Binance Bitfinex Bitpie Bittrex Bixin Coinrail Coinnest Gate.io RIGHTBTC Zebpay

Many investors are waiting for UpBit, Bithumb, Huobi, Koinex, OKEx, and Bit-Z to join in the mix. Some of the exchanges that have yet to commit, happen ...

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Russia and Iran Discuss Potential ‘Crypto Alliance’ to Bypass International Sanctions
Sat, 19 May 2018 20:52:31 +0000

Russia

Crypto Alliance – Russia and Iran might start using digital currencies, like Bitcoin (BTC), to bypass international sanctions, Russian news source RBC reported yesterday. Both countries are exploring ways to replace the SWIFT interbank payment system and avoid the US dollar transactions said the head of Iranian Parliamentary Commission for Economic Affairs, Mohammad Reza Pourebrahimi.

Pourebrahimi met with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, and said that collectively they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.”

Pourebrahimi made a ...

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More Details on Dash and Mobile Wallet Paycent
Fri, 18 May 2018 23:09:13 +0000

Paycent mobile wallet

People are now able to send DASH to mobile numbers in over 200 countries with the Paycent mobile app.

Paycent and DASH

DASH was made available on Paycent, a hybrid mobile wallet, and a subsidiary of the Singapore-based company Texcent, earlier this month. Other cryptocurrencies that are available through Paycent are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

In a recent interview with Mark Mason,  Karen Hsu, the Head of Growth at Blockcypher.com, provided additional information into the app and how DASH became a part of the system.

Blockcypher is a blockchain ...

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Research says Bitcoin Power Consumption May Account for 0.5% of the World’s Energy
Fri, 18 May 2018 23:01:33 +0000

bitcoin power consumption

As Bitcoin grows, the level of power consumption needed to mine grows too.  This is an area which is also receiving increasing attention. A new study published in the American Journal of Energy Academics Joule claims that by the end of 2018, Bitcoin network’s power consumption may account for 0.5% of the global total.

Currently, on average, every 10 minutes a new block on the Bitcoin network is created or “mined”, and the user who obtained the newly generated block is rewarded with 12.5 Bitcoin. This is the process known as “mining” and is the root ...

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PayPal CFO John Rainey Rejects Bitcoin as a Reliable Currency
Fri, 18 May 2018 21:55:27 +0000

PayPal CFO

Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks. 

Several other industry experts are also refuting bitcoin’s potential to work as an alternate currency. They believe the higher level of volatility makes it difficult for the general public to use it as the medium of exchange.

Source Image: coinmarketcap.com

Bitcoin price crashed to the $8,000 level today. The New ...

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