‘We Are All Part of Consensus’: Bitcoin Communities in Brazil and Argentina Condemn SegWit2x

Bitcoin communities in Brazil and Argentina have issued a joint statement opposing the SegWit2x hard fork mandated by the New York Agreement (NYA). The statement, which is signed by both local bitcoin associations and crypto startups including Bitsendal, Blinktrade, and Coinkite, opens by expressing the belief that NYA signatories entered into the agreement with the noble intention of improving bitcoin’s scalability.

Korea’s Largest Bitcoin Community Urges SegWit2x Supporters to Rescind Support

The Seoul Bitcoin Meetup has penned an open letter to New York Agreement (NYA) signatories, urging them to rescind support for the controversial SegWit2x hard fork that is scheduled for mid-November. The Seoul Bitcoin Meetup has nearly 1,700 members, making it South Korea’s largest bitcoin community.
F2Pool Stops Signaling for SegWit2x as Bitcoin Price Surges Past $5,200

F2Pool Stops Signaling for SegWit2x as Bitcoin Price Surges Past $5,200

Cryptocurrency mining pool F2Pool has stopped signaling support for SegWit2x, potentially undermining the argument for the November implementation of the controversial scaling proposal. In May, F2Pool joined virtually every significant mining operation in signing the New York Agreement, the Barry Silbert-led proposal that sought to solidify consensus for SegWit2x, a protocol upgrade that supporters say will help the Bitcoin network scale to manage larger volumes of transactions more efficiently.

Nvidia, AMD Stock to Continue Gains after Bitcoin, Ethereum Mining Boom: Analyst

According to a report from Barron’s, the dramatic price increase cryptocurrencies had this year has helped graphics card makers like AMD and Nvidia grow. Ethereum, for example, has skyrocketed over 2,000% over the last year, and that led miners to purchase AMD and Nvidia graphics processing units to mine the cryptocurrency, leading to a surge in demand. According to Nvidia’s second quarter revenue, the website reports, the company gained a $150 million boost thanks to the demand cryptocurrency miners created.
Council Staffers Fired for Bitcoin Mining in Crimea

Council Staffers Fired for Bitcoin Mining in Crimea

Two IT workers employed by an authority in Crimea were fired late last month after they were reportedly caught mining bitcoins at work. RIA Novosti reports that the two unnamed individuals were employees of the Council of Ministers of Crimea, part of the disputed territory's executive branch. The news service indicates the workers installed mining software on computers owned by the council, though the report didn't state how long the operation had been in place.
Government Staffers Fired for Bitcoin Mining in Crimea

Government Staffers Fired for Bitcoin Mining in Crimea

Two IT workers employed by the government of Crimea were fired late last month after they were reportedly caught mining bitcoins at work. RIA Novosti reports that the two unnamed individuals were employees of the Council of Ministers of Crimea, part of the territory's executive branch. The news service indicates the workers installed mining software on computers owned by the council, though the report didn't state how long the operation had been in place.
CPU Mining is Making a Comeback (But Only on Botnets)

CPU Mining is Making a Comeback (But Only on Botnets)

CPU mining malware increased sixfold during the first eight months of 2017, according to a new report from IBM X-Force. As CCN has reported, the number of computers infected with cryptocurrency mining malware has increased every year and is on pace to reach 2 million in 2017 alone.

Charlie Lee: China Bitcoin Mining Ban Rumors are False

Litecoin creator Charlie Lee says a trusted source has told him that China will not ban bitcoin mining operations or the bitcoin network. He says the rumors are being propagated by large-scale traders who are attempting to manipulate the bitcoin price. Lee revealed this information Thursday night on Twitter, stating that he had not traded on the knowledge before making it public. 1/ I have a trusted source that says that there's no truth to China banning mining or network.

Japanese Internet Giant GMO to Spend over $3 Million for Bitcoin Mining Operation

Japanese internet conglomerate GMO Internet Co., Ltd will invest over $3 million to launch its bitcoin mining operation in the first half of 2018. Founded in the early 1990s, Tokyo-based GMO is among a slew of major Japanese companies looking to capitalize on the booming demand and appetite for digital currencies. Recent legislative changes in Japan has seen bitcoin now recognized as a legal method of payment in April this year.