Cryptocurrencies

Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia

2 months ago 7ring Comments Off on Russian Minister States Cryptocurrencies Will Not Be Legally Recognized in Russia
Mining The Russian Minister of Communications and Mass Media, Nikolai Nikiforov, has expressed his belief that bitcoin will not be legally recognized as a means of payment in the Russian Federation. Despite the statements, Russia still appears poised to make a bid for global dominance in the cryptocurrency mining industry. Also Read: Russia Unveils Details of Read More

First Ever Blockchain Protected Virtual Land Auction

2 months ago 7ring Comments Off on First Ever Blockchain Protected Virtual Land Auction
The Virtual Reality world has been heating up with more and more users coming online, as headsets and platforms continue to gain acceptance. This market space has also given rise to a new and interesting asset – Virtual Real Estate. As early as 2003 companies like Linden Labs (developers of Second Life) were already monetizing Read More

European Central Bank Denies the Issue of Ignoring Cryptocurrencies

2 months ago 7ring Comments Off on European Central Bank Denies the Issue of Ignoring Cryptocurrencies
In the midst of Bitcoin’s wider awareness and adoption, the European Central Bank (ECB), which has previously evaluated Blockchain technology numerous times, seems to be quiet and distant from all the recent news and happenings. Or rather, this was the case until Benoît Cœuré, an executive member of the Central Bank, broke his silence stressing Read More

Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

3 months ago 7ring Comments Off on Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names
On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name. This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was Read More

Bjork’s Latest Album Available Only With Cryptocurrencies, Shows Adoption

3 months ago 7ring Comments Off on Bjork’s Latest Album Available Only With Cryptocurrencies, Shows Adoption
Known for embracing all things edgy, musician Bjork has announced that her latest album, Utopia, will be available for purchase only through cryptocurrencies. The artist will accept Bitcoin, Litecoin, DASH, and AudioCoin. Interestingly, the album cannot be purchased using normal fiat currencies. The move by the musician may seem like a marketing strategy of sorts Read More

Bitcoin Bulls Get More Bullish, Ronnie Moas Revises Bitcoin Price Prediction

3 months ago 7ring Comments Off on Bitcoin Bulls Get More Bullish, Ronnie Moas Revises Bitcoin Price Prediction
Bitcoin’s stupendous rally in 2017 has clearly enthused the supporters of Bitcoin. Standpoint Research’s Ronnie Moas, who is one of the most bullish analysts on Bitcoin, has revised his prediction upwards. $7,500 by year end? Oops, we are almost there! Ronnie Moas had surprised observers by his bold prediction in July 2007 that Bitcoin could Read More

Buterin Gives ‘Modest Proposal’ For Ethereum Future, Sharding Named Scaling Solution

3 months ago 7ring Comments Off on Buterin Gives ‘Modest Proposal’ For Ethereum Future, Sharding Named Scaling Solution
The future of scaling on the Ethereum network is the main issue in the mind of Vitalik Buterin these days, according to his ‘Modest Proposal’ offered at Devcon.  The developer has been considering the massive problem of scaling facing the network as adoption of Ethereum and the smart contracts system it supports gains increasing market Read More

Iranian Government Plans New Infrastructure for Bitcoin Users

3 months ago 7ring Comments Off on Iranian Government Plans New Infrastructure for Bitcoin Users
In positive news for Bitcoin users, the Iranian government plans to implement a new infrastructure for Bitcoin users in Iran. Tensions between Iran and the US Bitcoin is known to start with countries in the west and as the tension rise between Iran and the US, the former is strategizing to incorporate Bitcoin into its Read More

How to Protect Yourself From the CryptoShuffle Trojan

3 months ago 7ring Comments Off on How to Protect Yourself From the CryptoShuffle Trojan
Russian based cybersecurity firm Kaspersky Labs has warned owners of cryptocurrencies that their coins are not safe even in private wallets. A new trojan called CryptoShuffler is stealing coins right from under the noses of users by replacing wallet addresses on a user’s clipboard as they copy and paste wallet data for transfers. No wallet Read More

Bitcoin Exchange Coinbase adds 100,000 users in 24 hrs, Shows Surging Interest in Crypto

3 months ago 7ring Comments Off on Bitcoin Exchange Coinbase adds 100,000 users in 24 hrs, Shows Surging Interest in Crypto
The announcement by CME that it plans to launch Bitcoin futures has resulted in a spike in interest across the world. Coinbase, the world’s largest Bitcoin exchange, has added 100,000 new users in the 24 hours past the announcement. Why Coinbase matters Coinbase is a popular exchange to buy Bitcoins with 11.9 mln users supported Read More