JPMorgan Backlash Explodes: Bitcoin Supporters Push Hard For Boycott

Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate Issue, Pool Admin Addresses Concerns At the time of writing, according to statistics stemming from the web page pools.xmr.wiki, the mining operation Minexmr commands 44.084% of the network....

Ethereum's original blockchain just won't die. The result of a hard fork of the ethereum network in July, the blockchain has not only survived, but it's evolving into a competing version of the decentralized application platform. Now, supporters of the platform are beginning to mobilize. As part of this drive, supporters of ethereum classic held their first formal meetup in London this week in what some supporters see as a launching pad for the newly created community. Overall, the meetup sought to provide an overview of the project's goals, and the financial and legal implications of the....

JPMorgan’s chairman of investment strategy, Michael Cembalest, is wary of bitcoin and other cryptocurrencies. The JPMorgan strategist stated in a column published Feb. 3 that his comments were his own and not those of JPMorgan Chase. JPMorgan Strategist Raises Issues With Crypto Market While much of the United States recovers from last week’s terrible winter […]

Bitcoin Classic is the latest attempt to increase Bitcoin’s block size limit via a hard fork initiated by miners running an alternative to Bitcoin Core, but it appears that the relatively new software client may already be on its last legs. According to various sources familiar with a meeting in Beijing on March 30, supporters of an increase to the Bitcoin block size limit were unable to convince the Chinese mining community to implement BIP (Bitcoin Improvement Proposal) 109 without support from Bitcoin Core contributors. It was the intention of some participants to convince the Chinese....

Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign initiated by disgruntled users in Nigeria. Using the hashtag #Binancestopscamming, the campaigners are urging other Binance users around the African continent to join them in registering their displeasure with the exchange. According to a report in the Premium Times newspaper,....