GAW Miners Altcoin Launch Sparks Speculative Frenzy
Reports indicate that GAW Miners has begun the process of distributing paycoins to its customers. The weekend launch of GAW Miners' new altcoin, paycoin, led to a speculative boom in mining rig rental prices and a rarely seen boost in altcoin trading. Paycoin launched on 12th December, kickstarting both a sharp jump in hosted mining prices and a period of sustained trading on several altcoin exchanges. The coin has attracted attention due to the ongoing discussion surrounding GAW Miners, promises of crypto 2.0 functionality and a commitment to shore up its price at $20. The altcoin saw....
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Bitcoin in the Headlines is a weekly look at bitcoin news, analysing media and its impact. Bitcoin has been scrutinised in the past, but this week's criticism took on a rather unexpected - and perhaps questionable - sense of humour. The coverage over the last few days also exemplified just how unpredictable the media's attention can be. On the one hand, bitcoin's negative association with terrorist activity reached mass coverage by a wide range of mainstream outlets. Criticism by a multinational financial services corporation, however, failed to launch the media into a reporting frenzy.....
The launch of the much anticipated anonymous currency led to a trading frenzy yesterday with price reaching a dizzying high of more than $2 million per coin on Poloniex, the most popular altcoin exchange. Zcash trading on its launching day. In what can only be described as absolute insanity, Zec’s price changed by hundreds of thousands of dollars in seconds on Poloniex. By comparison, BitMEX’s Zec futures went from $7,000 per coin, to $3,000 to $1,000 to only reach $7,000 once more, all within minutes. Today, price has calmed slightly, but it remains absurd, with one Zec going for more....
Zcash trading goes through the roof; ether is the highest-performing cryptocurrency of 2016, and cross-border payments are possible through Ripple. Want to catch up on your latest altcoin news? Read the stories below. ZCASH. The recent launch of Zcash created a trading frenzy on Poloniex the other day, causing the price to reach an impressive $2 million per coin. It appears the currency’s status changed within a mere matter of seconds, although some attribute the high-level price hike to a potential error which may have added a few zeros to Zcash’s end. Presently, Zcash is in incredibly....
The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months.
Restrictions on Crypto Mining Are Ousting Iran From Global Coin Minting Industry, Critics Say
After last year crypto miners were forced to deal with interruptions in power supply on more than one occasion, the Iran Power Generation, Transmission and Distribution Company (Tavanir) has told them to halt....
Sunday's bitcoin price panic caused altcoin market caps to evaporate and made most altcoin prices drop as well. The litecoin price bore the brunt of the market's wrath, falling 7% and dropping the Litecoin market cap by almost $8 million in a single day. However, the bitcoin price recovered, which in turn inflated many altcoin prices to previous levels. Nevertheless, although litecoin's market cap grew by 5%, its bitcoin trading pair price failed to recover. Also Read: Bitcoin Price Decline Makes Altcoin Market Caps Bleed. Litecoin Price Fails to Rebound from Bitcoin Price Panic. Monday's....