From a turf war over “the world’s first” bacon-backed coin to mining trucks chasing cheap electricity across Europe, the cryptocurrency world never has a dull day. These stories and many more were covered in this week’s daily editions of Bitcoin in Brief.
Also Read: Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin
Outage Downs Telegram, Bitcoin Shines on a Bank
As the messaging service of choice for many cryptocurrency groups, the problems at Telegram made headlines on Monday. While the company was facing a crackdown in Russia and Iran, this time it was a technical issue in one of Telegram’s data centers after a power outage in Amsterdam that caused interruptions across Europe, the Middle East, North Africa, Russia, and the CIS countries. Additionally covered were a photo which shows a huge Bitcoin logo projected on the Swiss National Bank building in Zurich and major companies’ blockchain developments in South Korea.
IOTA Ditched, Bitcoin Taking Over Popular Culture
On Tuesday we reported that UCL (University College London) cut all its ties with the IOTA Foundation because of its repeated threats against critics that reviewed the technology, that Wikimédia France will soon begin accepting donations in cryptocurrencies, and that someone has created the annoying bitcoin price alarm from HBO’s comedy series Silicon Valley. But the big news was all about bacon.
Oscar Mayer, the meat brand owned by Kraft Heinz (NASDAQ: KHC), announced it had launched the “first-ever cryptocurrency backed by bacon.” Fans were invited to “mine” Bacoin by participating in a promotion and pump the value by shilling for it on social media. The company was soon hit with a cease-and-desist letter by someone claiming he invented a bacon-backed coin with the exact same name
