Tagcoinex

Craig Wright, ViaBTC Founder Spar over 60-Second Bitcoin Cash Block Time

bitcoin cash fencing sparring haipo yang craig wright

Two of Bitcoin Cash’s leading personalities are sparring over a preliminary proposal that would reduce the amount of time between BCH blocks by a factor of 10. Writing on Twitter, Haipo Yang, CEO of mining pool ViaBTC and cryptocurrency exchange CoinEX, said that he believed the Bitcoin Cash block time should be lowered to 1 minute from 10 minutes to improve the experience for users. He wrote: "I...

Coinex back online, still missing 50% of stolen funds

CoinEx back online

Two weeks ago, I reported on cryptocurrency exchange Coinex.pw being hacked. All coins were stolen, and the site went offline. After two days, founder Erundook posted a statement at Bitcointalk, saying Coinex would reimburse the stolen coins from their own pockets. Needless to say, the community felt worried and didn't want to take Erundook's word for it. As of today, Coinex is back online. Not...

CCN Week in Review: Mt. Gox "Finds" 200K BTC, Blockchain Downtime, Bitcoin Price Drop, and More

CCN Week in Review: Mt. Gox "Finds" 200K BTC, Blockchain Downtime, Bitcoin Price Drop, and More

The week of 17 March - 23 March was pretty eventful in the Bitcoin world. We learned that Mt. Gox stumbled upon 200,000 bitcoins previously thought to have been stolen in an old wallet, that popular web wallet Blockchain suffered extended downtime due to a database issue, that the price of bitcoin fell below 600 USD, and more. Here are our top stories this week in case you missed them. [youtube ]...

Breaking: CoinEx.pw hacked, all coins stolen

coinex got hacked, coins stolen

Another one bites the dust. CoinEx.pw seems to be the next exchange that became the victim of a successful hack. Today, CoinEx finally responded on Bitcointalk.org. A few days ago, people started complaining in CoinEx' official thread at the Bitcointalk forum. At first, deposits and withdrawals seemed impossible. Shortly after that, basic trading became unavailable, as well. Some time later, the...

Comparing Bitcoins and Oranges

  When it comes to valuation of any commodity there are two main players in the game, producers and investors.  Let’s take an example from the real world orange juice market.  There are producers, the orange farmers, who utilize their land to create material commonly known as oranges. The primary requirements to produce oranges are land, farming equipment and labor.  Add the cost of the...