Crypto mining is now no longer profitable. Back when the price of Zcash and Ethereum price increased, a lot of people went on a shopping spree to hoard as many Nvidia and Zcash graphics cards as they could. This all started back in month of June and the demand went through the roof – so much that there was an acute GPU shortage worldwide.
Mike Cagney, SoFi’s CEO backed Ethereum over bitcoin as it offers better infrastructure applications. He said that if the dollar did not exist then bitcoin would have been fine but since the value of bitcoin fluctuates so much, it makes it nearly impossible to be used as a currency. While bitcoin is the original blockchain and has the maximum share of attention, it is not a very practical one, Mike added.
Dash app for iPhone has been approved by Apple and has become available on the App Store. Back in August 2016, it was denied entry to the App Store but after a repeated appeal in June 2017, many people including CEO of Dash had his fingers crossed.
Waves Lite has a new addition – Ethereum gateway which means you can now use waves to hold and trade your ether. You can also send ETH to anyone.
Coindash is a startup that focuses on the crypto currency social trading and it has just announced on twitter that their website has been hacked. It has also sent out warning to its investors that there has been a massive cyber security breach.
At crypto currency daddy, we like to make people aware of frauds and there is no bigger fraud than the chaincoin. Almost 60 percent of all coins are owned by the top 25 addresses. Make up your own mind if that’s good or bad. The people behind chaincoin are pushing popular video makers on YouTube to push people to buy as many chain coins as they can to get “rich quick”. So, ‘hodl-gang’ owns most of the coins which is something we do not suggest because sooner or later, they will be pulling the plug and the value of chaincoin crypto currency will plummet.
OkCoin International is a Hong Kong based crypto currency exchange which has announced that starting July 15th, 2017, they will start offering Ethereum Classic services. ETC has been maintained as original ethereum blockchain without any changes to its history of transactions. The company listed ethereum in may and now that the demand for Ethereum Classic is increasing, the company will be enabling that as well.
Stellar Labs are having a twitter war with Poloniex. It is about their ongoing program where they used to be giving free Lumens currency to people who already hold bitcoin. Under their scheme, users who hold bitcoin in kraken, BTC38, Poloniex, deribit, Bit-Z, NaoBTC and Yuanbag. Poloniex said that it was not clear to them why Stellar included their name on their website as participants in 6/27 giveaway. This was done without their consent and they did not agree to participate nor did they possess the Stellar Labs for this giveway.
Bitpanda, a bitcoin exchange has partnered with Austrain post office to offer bitcoin, litecoin, ethereum and dash at 1800 post office branches all over Austria. If you an Austrian, you will be able to buy the popular crypto currencies with euros at all the post office branches easily.
