Ethereum cryptocurrency and its loyal crypto-miners are at an inflection point. The transition from PoW to PoS was smooth, but that has made expensive crypto mining rigs all but irrelevant.
Virtual currency RSS
The Indian government is looking for parliament to debate a bill which would ban bitcoin and other cryptocurrencies inside the country and allow the reserve bank to create its own cryptocurrency.
A 2K executive has stated that microtransactions are an unfortunate reality in modern gaming, but are "a choice, not a force", since most seemingly out-of-reach items can also be achieved by grinding.
Coinrail, a South Korean cryptocurrency exchange, has confirmed that it got hacked with around one third of its token reserves being compromised. Consequently, the price of bitcoin has taken a tumble.
The State Bank of Pakistan has issued a circular on its website banning the usage of any virtual currency. Banks will not be able to allow customers any transaction in the form of cryptocurrencies.
A new report from the influential RAND think tank suggests that governments should attack Bitcoin and blockchain technologies to undermine the public's perception of their utility and security.
Popular electronics retailer, Newegg, has announced that customers can purchase goods with Bitcoin. The virtual currency continues to expand, with multiple companies now accepting the currency.
Apple has apparently had a change of heart when it comes to virtual currencies and will change its stance on apps that focus on this new type of monetary products and services.
Last month, popular Bitcoin exchange MtGOX closed its doors and shut down its site. Their website is now back up, but at current it only allows users to check their balance.
After a long string of Bitcoin withdrawal issues compounded with recent allegations of insider trading, Bitcoin exchange MtGOX looks to be shutting down their operations.
