Bitcoin has been banned and called illegal in India many times already by Indian government and Reserve Bank of India (RBI). Today, India’s central bank, RBI again issued a strong warning about bitcoin and associated risks of investing in cryptocurrencies in general. The bank said that the users, holders and traders of crypto currencies should understand the potential economic, financial, operational, legal risks.
Withdrawal limits from CEX.IO to your MasterCard cards have been increased. For this, you need to have one of these account types – verified, verified plus and corporate. After that, you can withdraw up to $5,000 per one transaction. If you are not verified yet, take a chance to increase your limits by simply passing the verification process. The platform will charge the commission of 1.2%+$3.8 per transaction.
Bitcoin Cash trading is now live on Bitstamp which is one of the most popular cryptocurrency exchanges in world. It is being referred to as Bcash on their website and the entire crypto twitter cannot help but take jibe at the Bitstamp statement “..to help avoid confusion between Bitcoin and Bitcoin Cash, please note that we refer to Bitcoin Cash as “Bcash (BCH)” on our platform.” To kick things off, Bistamp will not be charging any fee until 31st of December 2017.
If you are doing a lot of withdraw on Bittrex, you may come across this error “Basic account withdraw limit has been reached. Please try again in 24 hours. To increase your limits, please verify your account to the Enhanced level”. Let us explain why this error occurs. If you sign up on bittrex, you can get basic verification done by submit their name, address, and birth date. This is generally done instantly. Bittrex verify this through public records. If bittrex can verify you through public records, bittrex will accept your application for a basic account. If that fails as well, bittrex will need to proceed to an enhanced verification.
Bitcoin is often criticized for being slow and lethargic. These days it takes upwards of 4 hours to receive funds, especially if you go for lower transaction fees, which too are in range of $5 or more. If you choose to deliver funds faster, which is still around 30 minutes or so, you will have to pay hefty $10 or higher. This is because of tough competition from Bitcoin Cash which sometimes becomes more profitable to mine than Bitcoin. BTC Lite, unlike bitcoin, runs on Ethereum blockchain which is much more efficient.
The names of Bitfinex and Tether founders, Giancarlo Devasini and Philip Potter in Paradise papers may come as surprise to many. This massive leak has list of 120,000 companies and people who have taken services of offshore service providers operating in tax havens. These Paradise papers say that Appleby helped Philip Potter and Giancarlo Devasini in setting up Tether in British Virgin Island back in 2014. This leak is the world’s second bigger data leak which is shadowed only by Panama Papers leak that happened in 2016.
China has made Bitcoin mining illegal and is sending notices to Bitcoin mining farms. The notice says Sichuan Electric power company will soon stop supplying power to the Bitcoin mining farms. In the notice, they say that a lot of power is consumed by the mining machines. The report comes from caijing, a Chinese portal to which one Bitcoin miner commented that the bitcoin mining was being done using discarded water that is let go without producing electricity. This is the chief reason why the price of electricity is so low.
LegerHQ has just tweeted and confirmed that they will be supporting Bitcoin Gold on November 13. The new bitcoin will be launching today at 7PM UTC at block height 491407. Right now, testnet support is already operational and bitcoin gold team has confirmed on their official twitter account that everything is working as expected. The Bitcoin Gold will be added to your account automatically and no action is required from your end.
Bitcoin Gold is a fork of Bitcoin but unlike latter, a normal person can mine BTG with their computer. For best results, you will need a computer with Nvidia or AMD graphics card. The Bitcoin Gold makes use of Equihash algorithm which is also used by Zcash and ZenCash which are two very popular crypto currencies. Due to that, we have a range of tools that can mine Bitcoin Gold easily.
Bittrex which is one of the biggest cryptocurrency exchanges in the world has made it official that it will be supporting the Segwit2x (B2X) coins. So if you have bitcoin on bittrex during the Segwit2x hard fork block 494784 in mid-November, you will be getting equivalent amount of coins in 1:1 basis. For instance, if you have 1 btc, you get one B2X coin. Deposits and withdrawals will be disabled 24 hours prior to Segwit2x fork. All incoming withdrawals will not be credited and bitcoin wallet will remain closed until hard fork has completed. You will still be able to trade.