Orders for the purchase of graphics cards and ASIC miners may increase sharply for some time due to severe flooding in Sichuan province. According to the local publication Economic Daily News, this is where 70% of China's mining farms are located.
Every day new fraud schemes appear, designed for naive citizens. For the most part, all scams and crypto-frauds, conditionally, can be divided into several categories.
Second-quarter numbers were down 9% from a record number of contracts of nearly a million per day in the first quarter of 2018.
The unprecedented pump of the Syscoin token forced the Binance exchange to suspend all transactions and begin checking the security of the Syscoin blockchain. This decision was made after the abnormal rise in the price of Syscoin, worth $0.453290 or 0.00004 BTC, to $6.23 million per token. Such a transaction could not go unnoticed and the price of Syscoin instantly jumped by 85%, to $0.5 and just as quickly dropped to $0.28 after trading closed.
The Ethereum network processed the lowest number of transactions for the entire current year, with just 490,000 transactions, according to Etherscan. The number of transactions dived during the 24-hour period, down more than 100,000 from 620,000 constant.
Almost all altcoins under consideration followed the BTC/USD pair and rolled back from their highs to their average prices. Growth is expected to resume in the near future
Viber, an instant messaging app run by Japanese multinational Rakuten, plans to become a cryptocurrency platform for its parent company Rakuten Coin.
Chinese cryptocurrency company Bitmain, which makes mining hardware and supports efforts to increase the scalability of the Bitcoin network, received the necessary votes to become an EOS signatory on Tuesday. This will allow her to receive compensation for confirming transactions on the EOS blockchain to maintain the health of the network.
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