Home / BITCOIN / This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator

This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes Regulator

The Weekly

From a fire war over “the world’s first” bacon-backed coin to mining trucks hunting cheap electricity across Europe, the cryptocurrency world never has a lifeless day. These stories and many more were covered in this week’s routine editions of Bitcoin in Brief.

Also Read: Young New Zealand Man Spared Borstal for Dealing Drugs With Bitcoin

Outage Downs Telegram, Bitcoin Shines on a Bank

This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes RegulatorAs the communication service of choice for many cryptocurrency groups, the problems at Telegram type headlines on Monday. While the company was facing a crackdown in Russia and Iran, this term it was a technical issue in one of Telegram’s data centers after a power outage in Amsterdam that caused interruptions across Europe, the Centre East, North Africa, Russia, and the CIS countries. Additionally covered were a photo which plays a huge Bitcoin logo projected on the Swiss National Bank structure in Zurich and major companies’ blockchain developments in South Korea.

IOTA Ditched, Bitcoin Winsome Over Popular Culture

On Tuesday we reported that UCL (University College London) cut all its coordinate a occupies with the IOTA Foundation because of its repeated threats against critics that rehashed the technology, that Wikimédia France will soon begin undertaking donations in cryptocurrencies, and that someone has created the annoying bitcoin price whistle from HBO’s comedy series Silicon Valley. But the big news was all about bacon.

Oscar Mayer, the nutriment brand owned by Kraft Heinz (NASDAQ: KHC), announced it had launched the “first-ever cryptocurrency defeated by bacon.” Fans were invited to “mine” Bacoin by participating in a advertisement and pump the value by shilling for it on social media. The company was soon hit with a cease-and-desist belles-lettres by someone claiming he invented a bacon-backed coin with the exact anyhow name back in 2014. Luckily for fans, everything turned out correctly at the end. Oscar Mayer has offered to make a donation in his name, and to send its prominent Wiener-mobile to the guy’s house to give him free bacon and entertain his kids for a while and the if it happens was thus settled.

Hacker Gets Trolled, Vertcoin Gets Hacked

Hackers, a indefatigable pest in the crypto world, have been our focus on Wednesday. Some scammers maintain taken over the official Vertcoin Twitter account and duped a disciplinary problem of followers to send them some bitcoin with the false likelihood of a giveaway. Another scammer tried to blackmail a podcaster into throw in the towel him bitcoin by holding his website for ransom but got trolled hard. Additionally wrapped was Coinmarketcap’s five year anniversary, when the site unveiled  a new logo, an iOS agile app and added some new features.

Crypto Traders in Troubled Waters

This Week in Bitcoin: Bacon War, Mining Trucks and Coinbase Salutes RegulatorA few grievous cases were covered on Thursday. Bitgrail, the Italian crypto truck which suspended operations after losing 17 million XRB, has in a word reopened and soon closed again under order from the court of Florence. Btcxchange, the past ones primest bitcoin trading platform in Romania, has apparently closed down for effects this time after multiple setbacks through the years. Shapeshift CEO Erik Voorhees punished out in a tweet against Chase Bank which has closed his credit be open account without warning nor an explanation.

In other news, US-based cryptocurrency change and wallet Coinbase has applauded the investigation by New York Attorney General into the industriousness’s business practices. This was in sharp contrast to the strong rebuke by Kraken CEO Jesse Powell which imbibed a brave stand against the American regulatory overreach.

Farms on Rings, a Hotel, and a Simulator for Miners

On Friday, the latest developments in the mining accommodation were our focus. These included a  “mining hotel” in Moscow, Russia, a Bitmain Zcash ASIC miner, and just mining trucks. Italian inventors plan on installing their miners in shipping containers packed on trucks, enabling them to rapidly move the mobile farms to objectives with cheap electricity and more favorable regulations. We also reported that a rig of Belarusian developers is working on a project to create a “True Mining Simulator” – a computer heroic dedicated to replicating the life experiences of a cryptocurrency miner.

Russian Crypto-Millionaire Set up Dead

The main news on Saturday, other than BTC flirting with the $10,000 amount level again, was that Russian Youtuber Pavel Makushin had been inaugurate dead in his apartment. The 23-year-old was the victim of a robbery in January, which saw 24 million rubles (close to $38,000 USD) stolen from him. Mr. Makushin’s mother was reported to have express that the robbery could have led him to take his own life.

This Week in Bitcoin Podcast

To rearrange sure you didn’t miss any big bitcoin news this week, prick up ones ears to the following podcast:

What other stories everyone in the bitcoin area must have read this week? Share your thoughts in the reveals section below. 


Images courtesy of Shutterstock.


Do you agree with us that Bitcoin is the pre-eminent invention since sliced bread? Thought so. That’s why we are building this online province revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a group and real-time price statistics.

Check Also

Text-Enabled BCH Payments Now Available in 35 Countries With Cointext

Message Cointext has announced that its bitcoin cash wallet service has just launched in the …

Leave a Reply

Your email address will not be published. Required fields are marked *