AltcoinsNiklas Ahlström

Monero Experiences Major Drop in Hashrate Following Hard Fork
Altcoins
Monero Experiences Major Drop in Hashrate Following Hard Fork
 The privacy-centered altcoin Monero recently implemented a hard fork in order to resist ASIC miners. The execution of this more or less worked as expected, but it also led Monero to experienced a drop in hashrate of around 80%, a dramatic decline for the currency. It is currently unclear whether this will hurt the cryptocurrency long-term, and it also remains to be seen whether it is only a temporary decline.…
Nano Foundation to Contribute $1m Towards a Fund for BitGrail Hack Victims
Altcoins
Nano Foundation to Contribute $1m Towards a Fund for BitGrail Hack Victims
 It seems that the legal standoff between the Nano Foundation and the now-defunct Bitgrail crypto exchange is poised to continue. The Nano Foundation, which is a team behind Nano cryptocurrency (formerly known as XRB) has updated the developments on the situation via a Medium post yesterday, stating it would sponsor setting up a legal fund, which will provide victims of the BitGrail hack with legal representation. On February 10th the…
Zcash Battling Petro
Altcoins
Zcash Battling Petro
 Recent news state that Venezuela’s currency is doing even worse than everybody thought. With the currency inflating to borderline catastrophic levels, Venezuelans await a miracle to save them. Currently, the Venezuelan currency is inflated so much that a U.S. based website shows the rate of 251’000 bolivars per dollar, meaning that a singular voyage to the local store could have you spend a lot more than a minimum wage. While…
The Monero Forksday
Altcoins
The Monero Forksday
 In the morning, on the 6th of April, 2018, a hard fork of the cryptocurrency monero has been carried out, and the results of it all are still unclear. The hard fork was carried out on block #1546000. This fork introduced a new algorithm, protecting the network from ASIC mining hardware and requires miners to update to the latest software. ASIC compatible software has been rejected by monero, although it…