Blog

15 Jan

Ethereum Continues Reaching New All-Time Highs - $1,400 Threshold Passed

By Daniel Zo Ethereum Read Comments

Ethereum’s evolution during the last couple of days creates big hopes for the smart contracts and digital currency system. On the 10th of January, the digital currency managed to hit another all-time high, marking a 60% increase in value in a single week.

With this in mind, Ethereum managed to hit an all-time high of $1,416, which gives it an increase of 13,000% in around a year, a figure enviable by many other cryptocurrencies. While the massive growth in price begun recently, it is expected that it will last for a longer period of time.


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09 Jan

Spectre and Meltdown Security Vulnerabilities Update

By Marcus Spectre, Meltdown, Security Read Comments

If you've been following the recent news, you might have heard about two major security vulnerabilities that had been revealed to general public on the first days of 2018. Spectre and Meltdown are possibly the biggest vulnerabilities ever discovered that affect billions of devices with modern CPUs with speculative execution on board.

Even though these severe vulnerabilities are determined by CPU logic design flaws, they still can be mitigated by software patches that make its exploitation impossible. CoinsHOST have installed and tested all the latest patches and fixes available for every piece of hardware on our network that may be affected by Spectre and Meltdown, including Cloud Hosting and Virtual Private Server infrastructure and hypervisors. If you rent a VPS or Cloud server with our company, your data is absolutely secure and no action is required on your side.

 

Dedicated Server Owners Attention Needed

Please be advised that you still need to update your dedicated servers' operating systems on your own, as long as our engineers do not have access to your bare metal servers. If you experience any issues while updating your server's operating system, please contact our dedicated support team for assistance. 

Your personal devices, such as phones, laptops and even TV boxes can also be affected by these vulnerabilities and may require software update to the latest OS build available.

Stay safe and secure!


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24 Dec

Merry Christmas and a Happy New Year!

By Marcus Christmas Read Comments

Dear Clients!

The most wonderful and special time of the year has come! CoinsHOST team is happy that you chose our products and stayed with us throughout this year. We wish you and your loved ones a joyful holiday season and all the best in the coming year.

Merry Christmas and a Happy New Year!


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20 Dec

South Korea Plans to Introduce More Digital Currency Regulations

By Daniel Zo South Korea, EU, USA, Japan, ICO Read Comments

During the last couple of months, South Korea’s attitude on bitcoin and other digital currencies has begun to change, and recent reports now indicate that the country is considering new regulation. Before anything else, it is important to point out the fact that following China’s ban on ICOs and cryptocurrency exchanges, numerous companies affected moved abroad to countries such as South Korea and Japan, where regulation was more lenient.

However, according to recent reports, there have been several proposals in South Korea, meant to prevent those who are underage from opening accounts on digital currency exchanges, while also taxing capital gains made from trading.


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16 Dec

Ethereum Reaches new All-Time High of $750

By Daniel Zo Ethereum, Ether, EU, Bank Read Comments

The last few months have been truly kind to the world of digital currencies, considering the fact that all major cryptocurrencies have reached unbelievable new all-time highs, thanks to increasing investor interest, bitcoin futures, and new blockchain and crypto-based platforms revolutionizing our current financial system from the ground up.

With this in mind, Ethereum, which is the world’s second biggest digital currency in terms of market capitalization has reached a new all-time high on Thursday, the 14th of December, with values first breaking the $600 threshold, and then surging even higher to $750. At the time of writing, the value of Ether, has decreased a bit, as it is currently trading at approximately $670.


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08 Dec

UK Treasury to Oversee Digital Currency Trading Activities

By Daniel Zo ATM, Bitcoin, Cryptocurrency, UK, UK Treasury Read Comments

According to recent reports, the UK Government alongside with the governments of a few European Union countries are planning to further regulate digital currencies, in order to make sure that they’re not being used for illegal purposes, such as money laundering or illegal/terrorism financing.

The statement was first made by a spokesperson from the UK Treasury, who mentioned that bitcoin and other digital currencies should be regulated, and brought in line with the country’s current legislation on anti-money laundering and counter-terrorism financing policies. According to the spokesperson, ‘We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update regulation to bring virtual currency exchange platforms into anti-money laundering and counter-terrorist financing regulation.’


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06 Dec

Chinese Central Bank Representative Issues Statement on Future of Bitcoin

By Daniel Zo Bitcoin, China, ICO Read Comments

For many years, China was an extremely important member of the digital currency market, with over 90% of the global trading volume being conducted in the region. However, back in September, the Central Bank of China decided to crackdown on cryptocurrencies and hence ban Initial Coin Offerings (ICOs) and stopping exchanges from serving customers in China.

Following the crackdown, there have been many rumours that China was planning to resume trading, yet a recent statement from a deputy governor of the People’s Bank of China dismisses these rumours.


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02 Dec

Study Shows Electricity Used for Mining Bitcoin is Bigger than Annual Usage of 159 Countries

By Daniel Zo Bitcoin, Mining, Electricity Read Comments

While the popularity of bitcoin has increased considerably over the last few years, the electricity usage for transactions and mining are coming under scrutiny. Recent studies showcase that the amount of energy being used by computers which mine the digital currency this year, is much greater when compared to the annual usage of around 160 countries.

For those who do not know, mining is the process through which transactions are verified by the network, through the solving of complex cryptographic problems. To make sure that transactions aren’t falsified, and that records of ownership remain unchanged on the blockchain network, transactions must be signed off into blocks, which are then verified by the miners. Once a block is solved, a 12.5 BTC reward is given to the miner, or mining pool responsible. This amount serves as the main incentive for miners, but is also the way that new bitcoin is added to the market.


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27 Nov

Bitcoin surpasses $9,000 and Sets New All-Time High

By Daniel Zo Bitcoin, Ethereum, CME Group Read Comments

It has often been said that bitcoin may reach the $10,000 milestone by the end of the year. While many speculated that this isn’t possible, the digital currency has recently hit the $9,000 milestone, and set a new all-time high.

The year of 2017 has been incredibly positive for bitcoin, considering the fact that its value multiplied 9 times, from $800-$1,000, to over $9,000.


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22 Nov

Mt Gox to be revived via an Initial Coin Offering?

By Daniel Zo MtGox, Karpeles, ICO Read Comments

Mt Gox, the now-defunct bitcoin exchange, has been out of the media headlines for a few years now, given the fact that it entered bankruptcy following the disappearance of hundreds of millions of dollars-wroth of bitcoin.

However, recent reports now indicate that the Mark Karpeles, the CEO of the digital currency exchange is considering the idea of launching an Initial Coin Offering, in order to revive the exchange. As controversial as this may sound, Mark Karpeles wrote a blog post detailing the possible implications of an Mt Gox ICO.


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