CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Anon Security Researcher Uncovers Exploit in Bitmain’s Bitcoin Miner

Developer James Hilliard, best known for his Bitcoin Improvement Proposal #91 (the BIP which activated SegWit and prevented SegWit2x) and the CGMiner program, discovered a vulnerability in Bitmain’s Antminer S15 firmware. The vulnerability was then turned into an exploit by an anonymous security researcher. Hilliard has publicly demonstrated the exploit in action: @BITMAINtech tried and …

The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about …

Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining …

Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation

Twitter Facebook LinkedIn This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $80 million investment in the firm. The multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed to compete against …

China Prepares to Limit Bitcoin Miners’ Power Usage: Report

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The People’s Bank of China (PBOC) has reportedly claimed it can pressure local governments in the country to regulate bitcoin miners’ power usage. Reuters is reporting that China’s central bank has told members of the Leading Group of Beijing Internet Financial Risks …

China May Limit Bitcoin Mining, Reducing the Industry’s Geo Centralization

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. China’s central bank has reportedly told a prominent government internet finance group that while it does not have the authority to regulate bitcoin mining directly, it can instruct local governments to implement regulations that cause bitcoin mining to become less profitable. China’s …