Blockchain technology news

Bonner and Butte, Montana, are home to two of the giant Bitcoin mining infrastructures in North America. Further, they are a subject to a big energy producer, the Colstrip power plant, that is almost being closed down. Bitcoin mining has, therefore, become such a significant windfall for the US economy, that Senator Steve Daines, a congressional representative is worried that shutting down the plant could damage its cryptocurrency golden goose.

The world’s first free-to-play cryptocurrency game with Proof-of-Stake mining, Ether Kingdoms, has announced the successful completion of its beta testing as it positions itself as the premiere collectible gaming experience on the blockchain. The platform has now added over 25 artifacts to its game contents, support for 120+ levels, ability to buy artifact loot boxes, exciting quest chains, and integrated support CryptoKitties ERC721 tokens.

It's very astonishing that such a new and relatively mysterious technology such as Blockchain, has gathered so much exposure quickly, even in mainstream media.  The Blockchain hype has rapidly spread all over the globe due to the fact that it is the underlying tech behind cryptocurrency which received wide media attention. In the emerge of the crypto craze, Blockchain technology has continued to attract huge attention.

Bitcoin Core vs Bitcoin Cash (BCH) appears to have taken a new path. No longer are the Bitcoin Cash team concentrating on obliterating Bitcoin Core, they now appear to be baptising amongst themselves with fire, this time around two mercenary groups, Bitcoin ABC and Bitcoin SV. It's a civil war that could result in a big change in how Bitcoin Cash is controlled and maintained.

Recently, security experts found that hackers are currently mining for Cryptos with the help of smartphones. The Daily Mail on Wednesday, August 22, reported the increasing risk and pointed out the need to effectively protect and secure user's smartphones.

Criminals have recently been very cautious in conducting their illegal activity, as the number of cases solved by police has increased. For example, officials have caught three suspects of a large cryptocurrency theft in China. They stole almost 600 million Yuan ($87 mln) in virtual coins.

The amount of power consumed by Bitcoin mining isn't the world environmental crisis it is usually made out to be. This is according to the professional assessment carried out by Katrina Kelly-Pitou, who is a research associate in computer and electrical engineering at the University of Pittsburgh.

The world Blockchain survey shows that nearly 40% of the respondents were believing that Blockchain was "overhyped."

From July this year, things resembling Ponzi schemes, fraudulent schemes where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment, have flooded the charts among decentralised applications (dapps) operating on the global's second-biggest Blockchain, exceeding even the pace of famous CryptoKitties.