Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session with members of the public early this week. “I have to be honest, it is hard to...
Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High
Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the $11K region and during the last few days, the network’s hashrate has touched a new ATH. At the...
Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, and they typically attract a lot of users before they crumble. However, as the story goes with any...
Pirate Streaming Hoster “Go Unlimited” Hacked on Behalf of Competitor
With millions of views per month, Go Unlimited is one of the most popular hosting services for pirate streaming sites. Most video hosting services try to avoid a pirate stigma whenever they can, but that’s not the case for this one. DMCA Ignored Hosting The hosting service, which was founded by a Kuwaiti entrepreneur named Bader, launched in 2016 with the aim of being a ‘takedown resistant’ platform. The operator runs several video...
Dutch ISPs Must Block Pirate Bay Proxies and Mirrors Again, Court Rules
Following court orders and site blocking regimes worldwide, The Pirate Bay is blocked in dozens of countries. This is also the case in the Netherlands where the legal process took more than a decade to conclude. In 2010, Dutch anti-piracy group BREIN first went to court demanding that local ISP Ziggo should block The Pirate Bay. The ISP, which was later joined by XS4ALL, fought tooth and nail and used all options at its disposal to...
