Crypto Rupee to Undergo Hard Fork

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018
20 March 2018   1387

Rupee’s mission is to be the go-to cryptocurrency for the people of South Asia. Rupee aims to facilitate money remittances for the people of South Asia across the world without hefty fees and delays. Rupee also plans to enable merchants to accept fast cryptocurrency for goods and services with much lower fees than traditional payment facilitators like Visa, Mastercard etc. Rupee aims to enable the people of South Asia cut out traditional middleman such as banks.

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018. As it is stated on the official website of the project, the implementation of Lyra2REv2 hard fork represents a major milestone in achieving Rupee’s vision for an open blockchain platform for India and South Asia.

Lyra2REv2 hardforkLyra2REv2 hardfork countdown at the moment of press

Moreover, plans of Rupee project for the first quarter of 2018 include the launch of Android and iOS Wallets, and development of Payment Gateway and PoS Application. Currently the project team is working on its marketing campaign and exchange listings.

At the moment of press, these are main market parameters of Rupee:

Average price: $0,083824
Marketcap: $1 920 958
24h volume: $3 701

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.