Bitcoinist spoke with Bitcoin Core developer Nicolas Dorier who explains why BTCPay is not only a cheaper alternative to BitPay but also provides merchants and users with more control over their funds. What is BTCPay? BTCPay Server is an open-source payment processor that conforms to the invoice API of Bitpay. This allows easy migration of your code base to your own self-hosted payment processor. According to BTCPay, the service would be a good choice for you if: You currently use Bitpay as a payment processor but worry about their commitment to Bitcoin in the future; You want to be in control of your own funds; Bitpay compliance team decided to reject your application; You want lower fees (we support Segwit); You want to become a payment processor yourself and offer BTCPay-hosted solution to merchants; You want to support another currency […]
The business model that Wikipedia, Survey Monkey, Quora and others have followed needs changing. With the advent of token-backed platforms, there is a whole new realm of possibilities for the knowledge-sharing space. #SPONSORED
Open Trading Network, the first 100% collateralized decentralized exchange, is breaking new grounds in the industry by making exchanges between the blockchain networks fast and secure like never before. The company’s vision is to build a set of applications aimed at making the crypto world open to the common man and all market participants. Open Trading Network Foundation, a non-profit organization based out of Zug, Switzerland, is all set to revolutionize the rapidly expanding global crypto economy by developing a secure system combining numerous isolated blockchain networks into a unified open network. World’s first 100% collateralized decentralized exchange, OTN will allow instant transactions between a wide myriad of blockchain networks. Open Trading Network Foundation claims that this innovation will make lives easier for businesses, individuals, traders, and regulators while addressing the need for speed and liquidity. The global market for cryptocurrency has developed […]
Perth, 26 December 2017: Blockchain app Lympo has announced Australian cryptocurrency millionaire and fitness guru Jordan Travers as its newest ambassador to promote and reward healthy lifestyles. Travers, a fitness trainer and holistic health coach, made headlines at the age of 21 after he grew a $2,000 cryptocurrency Ethereum investment to $1 million. He’s also the author of wellness book – Man Alive. Keen to support the growing ecosystem of technology and uses for cryptocurrencies, the Melbourne-based personal trainer is throwing his wellness expertise behind Lympne’s innovative fitness app. Lympo will track workout data via smartphones and wearables, and reward users with Lympo tokens for hitting fitness and mindfulness targets – these can then be used to pay for health products and services. And in a win-win for users and the community, some of the Lympo tokens will be put […]
Successful Completion of the 2017 Roadmap After 10 months of existence, CryptoPing is now frequently used by more than 80,000 traders worldwide who receive signals on crypto assets via a Telegram bot. The bot has processed over 320,000,000 trading events and generated more than 21,000 signals about crypto assets that were getting unusual amount of market action. Right after its token sale, CryptoPing has successfully launched its token-based subscription service as promised, and has included 5 exchanges into its signal generation process. The next in the list of exchanges to be added are Bitfinex, Binance, Tidex. Several features have been rolled out in parallel to improve user experience. On top of Telegram, signals are now also available on Slack and Discord servers, and users can now export their history of signals and filter them by percentage of price or volume […]
Move aside IPOs, there’s a new kid in town with the speed and agility to take a concept to market without the excess costs, regulations and red tape that IPOs are known for. Where IPOs (Initial Public Offerings) come much later in the game to make them of any use to fledgling startups, ICOs (Initial Coin Offerings) provide new businesses with the capital they need to get things started. ICOs obviate the need to qualify for business loans with potentially high interest rates or seek out investors that may or may not be interested in the risks your company poses. I sat down with Kai Chen, an expert in ICO’s and CEO of Olympus Labs, a blockchain platform that offers a marketplace of tools and derivative products for brokerage house and institutional investors to get his insights. Disclosure: This is a […]
Lightning Network transactions have successfully deployed on Bitcoin’s mainnet, marking the first step in a tech upgrade, which will likely transform user experience. Lightning Hits Bitcoin Mainnet As cryptocurrency trader and commentator Vortex noted on Christmas Day, Lightning’s RC1 has had a tentative release and “mainnet (transactions) have been completed.” The Lightning Network is perhaps the most hotly-awaited so-called ‘layer two’ upgrade for the Bitcoin network. Once active, users will be able to send BTC funds practically instantaneously for next to no fee. A beta release for the mainnet is due later, Vortex notes, but users can already research how to take advantage of the implementation ahead of time. In case you missed it, #lightning RC1 has been released and mainnet tx’s have been completed. The mainnet beta is on the way but you can begin researching how to implement […]
Never in the past has anyone envisioned a day there would be the opportunity of making unlimited voice calls and internet data services with ease and also the option to… Continue reading “Mobilink.io – First Decentralized Telecoms Service” The post Mobilink.io – First Decentralized Telecoms Service appeared first on .
The legalization of marijuana across the U.S. has proven to be a boon for numerous industry stakeholders. The cannabis sector is emerging from the shadows and establishing itself as a massive economic force. This has spelled numerous benefits for growers, manufacturers, couriers, sellers, and users, who can now transact in the open instead of having to engage in back-alley deals. While legalization brings untold benefits to the marijuana sector, challenges remain. The industry, still mired in fragmented processes and business practices, has yet to fully realize its potential. To catalyze this revolution, Budbo, a blockchain startup, is working on a suite of products that will help streamline the processes of the marijuana supply chain and thus, induce transparency and efficiency in the industry. The project is headed by successful entrepreneurs and former top executives who have years of experience working […]
In December 2018, the long awaited ICO of Fair.Game is finally here. This is the platform that both the blockchain and the gaming worlds have been eagerly anticipating. As most… Continue reading “Fair.Game ICO Brings the Next Big Impact to Blockchain and Gaming World” The post Fair.Game ICO Brings the Next Big Impact to Blockchain and Gaming World appeared first on .
The old saying goes, “Numbers don’t lie.” That’s the mantra for cryptocurrencies this year, as blockchain powered coins have had an exceptional 2017 thus far. The total market cap is over $600 billion, tens billions of dollars worth of coins are traded each day, and over 1,300 coins exist in the open market. The only problem? There are over 120 competing cryptocurrency exchanges. Disclosure: This is a Sponsored Article Typically, competition is good–the invisible hand of the free markets tend to leave only the best and brightest alive. However, the sheer number of cryptocurrency exchanges has actually hurt investors. The system as a whole is wildly inefficient, resulting in trading process, that is extremely fractured. Fixing Issues This means that investors not only deal with administrative headaches (such as account setup and access) but legitimate trading problems like thin liquidity, […]
With over $220m lost to crypto criminals in 2017, BTC’s surge, and new mainstream interest, the cryptocurrency marketplace is in dire need of new security tools – and CTN delivers London, England – December 26th, 2017 – Technology company Crypto Trust Network today announced the launch of their highly-anticipated Token Sale for their ERC20 token, the CTN. The company aims to reduce fraud and theft in cryptocurrency through a selection of tools for exchanges, wallets, and merchants. The tools reduce exposure to risk by adding an extra layer of trust to transactions such as identify verification, trust rating, and data analysis for wallet and transaction portfolio. While fraud and theft have always been an issue, 2017 saw a marked increase in incidences. In January 2017, 1 Bitcoin (BTC) cost an average of $969. Just eleven months later, that same Bitcoin […]
This past year has seen massive gains for many cryptocurrencies. We know of the big names, Bitcoin, Litecoin, Ethereum, and IOTA. One cryptocurrency which has also had a huge rise this past year that many do not consider is Dogecoin. At the time of writing, one Dogecoin is worth one penny (and is also worth one Dogecoin). Dogecoin hits a penny Considering that earlier this year, a penny could buy you between 3-5 doge, this is huge. It has been an early Christmas gift to the Dogecoin community, and it has catapulted the currency back into the top 35 cryptos on CoinMarketCap. Previously, Dogecoin was hovering somewhere around #40-50 in the rankings. The old joke coin still has some bite to it, and the coin’s tenacity is upheld and strengthened by its great community. Even at its current price, Dogecoin is still cheap and forgiving […]
Bitcoin price gained almost $2000 in 12 hours into Tuesday as the virtual currency’s correction gives way to gains and investors reaffirm their faith. Bitcoin Price Optimism Returns Volatility has briefly returned to markets post-Christmas, Bitcoin currently circling $15,200 according to Coinmarketcap’s average trading prices, up from $13,680 Monday but coming down from the day’s high of $15,700. The move has dampened altcoins, with a mixed bag of gains and losses greeting investors today. Civic, which surprised by posting sudden huge advances from $0.70 to as high as $1.68 in the past 24 hours, has now deflated to around $0.87. Having weathered a new round of bubble accusations last week as prices dipped below $13,000, Bitcoin holders meanwhile are now “more bullish than ever.” Those are the words of BitGo engineer Jameson Lopp, who led various high-profile supporters voicing their […]
Online Bitcoin payments provider BitPay announced last week that the minimum accepted payment would be $100. This was in response to escalating Bitcoin transaction fees during the big sell off. However, just two days later, the provider backpedaled to restore the previous minimum of $5. Last week saw Bitcoin’s biggest selloff this year, even bigger than the Chinese ICO ban in September. The crypto coin dumped 40% of its value in a matter of days, and the digital avalanche took most of the altcoins with it. When mass selling occurs, the exchanges get overwhelmed and transaction speeds grind seemingly to a halt. Conversely, the cost of sending or receiving Bitcoin escalates. BitPay Responds According to reports, the initial decision was explained on BitPay’s blog: The Bitcoin network has been seeing record transaction volume in the last few weeks. This growth […]
It was just a few days ago that news broke alleging “insider trading” after a botched Bitcoin Cash launch which saw prices spiking close to $9000. Now, new evidence has emerged appearing to bolster those allegations. Entrepreneur and cryptocurrency enthusiast Albert Renshaw is claiming that he has discovered additional evidence pointing to insider trading of Bitcoin Cash related to its recent adoption by Coinbase and their cryptocurrency exchange, GDAX. Speaking with Forbes, Renshaw states: I’ve found and isolated one instance of insider trading on BCH addition to GDAX/Coinbase. He references the following discussion thread that took place on /r/Coinbase: The highlighted comments in the thread have since been deleted, however, the conversation was archived in its entirety at Archive.is. Timeline of Events The screenshot above focuses primarily on the comments of one Redditor, /u/mukiwa2. The conversation was archived on December 20, […]
Bitcoin Up 10% As Crypto-Markets Rebound After a long painful weak of Crypto-corrections as Bitcoin dropped from it’s all-time-high of $20,000 to lows of around $11,500 and the entire cryptomarket with a couple exceptions followed, we are finally seeing the clouds break and sun shine once more on the markets. In the past few hours Bitcoin has surged 10% and the total market capitalization of the Crypto markets as a whole as it heads back towards the $600 Billion mark. There will be many burnt hands and many lessons learned over the past few days as many newcomers to the space will have had their first experience of Crypto-volatility. These lessons can be devastating, however they are essential for anyone entering into the space. You generally only get burned once and generally speaking, those that remain and continue in this […]
As the digital horse race for the Next Big Thing in blockchain heats up, more and more companies are getting on the bandwagon to launch their revolutionary concepts and ICOs. SingularityNET is a decentralized marketplace for artificial intelligence, and it may well have the record for the fastest selling ICO ever. According to reports, the ICO was sold out within 60 seconds of going public, raising $36 million for the company behind the ambitious project. The team at Singularity reports that the crowdfunding was capped after receiving $361 million in investor interest on its whitelist from more than 20,000 previous investors. Future Plans The Artificial General Intelligence (AGI) tokens will power the SingularityNET framework that will allow companies, organizations, and developers to buy and sell AI, lowering costs and increasing output. According to their website: Experts estimate that AI market […]
Pretoria, South Africa – Zabercoin is an innovative and stable real estate utility token providing a new dimension to real estate by utilizing decentralized blockchain technology to transform real estate located in emerging markets into a global cryptocurrency market environment. Opportunities in Emerging Markets There are dozens of countries around the world that are considered “third world.” That name has a such a negative connotation too it, and when people think “third world” very rarely are they thinking about how to profit. These countries have so much room to grow, and as technology in these areas advances that growth will only accelerate. There is a stunning 1/373 ratio of office buildings in sub-Saharan Africa verse the number of office buildings in the United States, while the population of the region is 2.5 times that of the USA. It’s obvious that […]
Bitcoin was huge in 2017 as Bitcoin Google searches came in at number two on Google Trend’s list for global news. No matter how you slice it, 2017 was the year of Bitcoin and cryptocurrency in general. As the daddy of all crypto began to shoot up in value, people began to take notice. Headlines were made again and again as another price barrier was broken. So, how hot was the virtual currency in 2017? Google Trends released their list of the top trending topics for 2017, and Bitcoin Google searches came in at number two on their global news list. People Interested in Bitcoin It seemed that every time you turned around, people and media were talking about Bitcoin. On the economic front, many financial institutions were very negative towards cryptocurrency, even though they were intrigued by the possibilities […]
Open Trading Network, the first 100% collateralized decentralized exchange, is breaking new grounds in the industry by making exchanges between the blockchain networks fast and secure like never before. The… Continue reading “Open Trading Network Leverages Cross-chain Technology to become the First Ever Platform to Unite all Blockchain Networks” The post Open Trading Network Leverages Cross-chain Technology to become the First Ever Platform to Unite all Blockchain Networks appeared first on .
During this year, many currencies have been expanding and increasing their prices. Today we take a look at the cryptocurrency market and we realize that it is not the same… Continue reading “The Cryptocurrency Market During the Year – What has Changed?” The post The Cryptocurrency Market During the Year – What has Changed? appeared first on .
Hardware wallet Ledger has warned of scams using Bitcoin Diamond (BCD) to defraud users as suspicions around the hard fork start to mount. ‘They’ll Steal Your Assets’ In tweets late last week, the wallet manufacturer cautioned followers about fake websites purporting to let Bitcoin holders claim BCD coins. Bitcoin Diamond is one of a growing number of promised Bitcoin hard forks to be formally announced since November. A relatively unknown project, vague promises of faster network transactions and other fringe benefits are yet to see implementation, with only futures trading on around 20 exchanges. Certain rogue actors are now enticing Bitcoin holders who are technically entitled to equivalent balances on the BCD chain to claim them, ostensibly by reuiring entry of sensitive security information. SCAM WARNING – multiple sites claim to let you collect Bitcoin Diamond. They’ll steal your assets. […]
The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all cryptocurrencies from a previous legal loophole and making all cryptocurrency trades a taxable event. On Friday morning, U.S. President Donald Trump signed a new tax bill into law, signalling the first major tax overhaul in the U.S. in over 30 years. And while you may or may not have high praise for the bill, one thing is certain: the new tax code is bad news for cryptocurrency investors. Starting Jan. 1st, 2018, all cryptocurrency trades will be a taxable event, including swapping one cryptocurrency for another. Closing the 1031 Loophole The recent overhaul amends a part of the tax code regarding exemptions for “like kind exchanges,” allowing investors to swap similar assets without triggering a tax event. These so-called “1031 exchanges” have long been used […]
Soon, Dubai will be the first city in the world to have self-flying taxis and Robocop. There is no more befitting place than Dubai to talk about advanced technologies and impactful projects. On December 13th, 2017, in a joyous event, PIN Community gathered 100 leaders from 20 countries at Hyatt Regency Hotel in Dubai to share about the technologies of the future – Blockchain, Artificial Intelligence (A.I.), and Big Data – and how they all come together to enable and strengthen a “Sharing Economy 2.0″ within their PIN Platform. At the beginning, Grace Ezzell – founder of Refugees + Blockchain – opened the conference with a provocative video about “a new money enabled by the blockchain” and an overview of the blockchain, cryptocurrency, and their ubiquitous utilities in the near future. Next, Alon Vo – cofounder of DropDeck.io – took […]
Bitcoin Price Finding Stability After Frightening Free Fall The Bitcoin price might have struggled just in time for a dinner-time grilling off your relatives but it seems to be calming down after its correction. There’s still plenty to be excited about in 2018. The price of Bitcoin seems to have found some stability after its… The post Bitcoin Price Finding Stability After Frightening Free Fall appeared first on Altcoin Today.
AS NEM CONSOLIDATES, DASH PRICES TRICKLE LOWER Most alt coins today are trending lower. Dash prices in particular continues to trickle lower while NEM consolidates. In my honest opinion, I really think the 20 period MA which was obliterated on December 22 will continue to hold an important role in the coming sessions. DASH, Monero,… The post AS NEM CONSOLIDATES, DASH PRICES TRICKLE LOWER appeared first on Altcoin Today.
Ripple Price Technical Analysis – XRP/USD Downside Correction Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD might decline further and test the $0.8000 support level. Key Highlights Ripple price after a decent recovery started a new downside correction toward $0.8000 against the US Dollar. There is a new connecting bearish trend… The post Ripple Price Technical Analysis – XRP/USD Downside Correction appeared first on Altcoin Today.
Ethereum Price Technical Analysis – ETH/USD Recovery Underway Ethereum price looks like completed a correction against the US Dollar and Bitcoin. ETH/USD might recover further above $700 in the near term. Key Highlights ETH price has recovered well and is currently trading above the $680 pivot zone against the US Dollar. There was a break… The post Ethereum Price Technical Analysis – ETH/USD Recovery Underway appeared first on Altcoin Today.
The challenge is huge. For the last ten years, dozens of billions of euros went under the radar, evading taxation in the European Union. One might recall, for instance, that Google was recently held to owe 13 billion euros to Ireland for “undue privilege” by the EU. We are also rendered speechless upon learning that Airbnb paid less than € 93,000 of taxes in France in 2016 for an estimated 120 million euros in profits, equating to less than € 775 of taxes for every million made. During the Tallin Digital Summit, European leaders failed to reach an agreement to harmonize GAFA’s tax rates. Some European States (i.e. Luxembourg, Ireland…) did not support the French initiative led by Bruno Le Maire (the French Minister of Economy) to tax companies’ yearly earnings, country by country. It remains, nonetheless, both a political […]
Bitcoin charity is going strong as the Pineapple Fund donates $1 million to the Internet Archive and millions more to other worthy charities. Tis the season for giving. It’s the time of the year where people go the extra mile to help those less fortunate, offering food, clothing, money, or even a warm bed in order to help out. Bitcoin charity is alive and well as the Pineapple Fund, created by an anonymous individual who goes by the “Pine” moniker, recently announced a fresh wave of new donations to some great organizations, including the Internet Archive and Pencils of Promise. Doing Good with Bitcoin The Pineapple Fund has only been in existence for a short time, but they’ve already done a lot of good. The creator of the fund mined bitcoins very early on, and he decided to hodl them, […]
For a long time the ultra wealthy and their money managers have been able to access a level of return on investment previously out of reach of the average person. The larger the amount being invested, the better the fund manager can be hired, and the better the deal that can be got. Disclosure: This is a Sponsored Article This is a fact of life in standard centralized investment markets. But just as the dawn of the internet opened up the possibility for regular private individuals to start investing in stocks, the rise of blockchain technology can allows these investors to compete with the wealthy and elite in the investing game. Tech levels the playing field, and blockchain makes community investing possible while artificial intelligence (AI) reduces the edge that experts have over novices. One blockchain startup that is combining […]
A few things about Globcoin Globcoin is a multi-currency payment platform that combines the advantages of fiat currency with those of digital money. Launched by Reserve Currency Solutions SA, a… Continue reading “Globcoin – Ready to Launch Its ICO Campaign” The post Globcoin – Ready to Launch Its ICO Campaign appeared first on .
China’s renewable energy sector wasted more than 60 TWh of electricity in 2016 owing to inadequate transmission infrastructure to transport power to its energy hungry big cities and industrial hubs. Meanwhile, power-hungry Bitcoin miners were stealing processing power from computers to meet their annual demand for 32 TWh of electricity. Envion has a smart solution to match global energy supply and demand—Mobile Mining Units (MMUs) that can easily be transported to a renewable electricity generation source in China, or elsewhere in the world. Disclosure: This is a Sponsored ArticleAccessing stranded power via portable cryptocurrency mining operations is a solution to a critical affordable power shortage. The computationally and power intensive mining process is used to produce new Bitcoins and cryptographic proof of transactions. Bitcoin mining makes up 90 percent of Bitcoin rising production costs. Cryptographic puzzles are becoming more complex […]
Globetrotting altruism enthusiast Griff Green talks the DAO hack, the Parity freeze, the “white hat” style of giving, and his own holiday gift list with Sy Franco-Stern on The Comment. From Catalonia to the Black Rock Desert, this evangelist for a gifting economy explains the decentralized governance made possible by Giveth.
As the Internet gets older and its users get wiser (hopefully), there is a growing desire to strengthen personal information security. Not only is there a concern that malicious actors, black-hat hackers, and criminals may have unimpeded access to personal data, but citizens of the world over are beginning to distrust their governments’ intentions. Edward Snowden, the infamous NSA contractor and defector – living in Russia of all places, not known for its devotion to digital or human rights – has developed an app called Haven to alert users to clandestine activities. What is Haven? Haven is an app developed by Edward Snowden that monitors one’s device for signs of tampering. While software tampering and remote tampering are still threats, we tend to forget about physical tampering with a phone, which can be incredibly effective. Haven can be installed on Android devices (there’s […]
3commas.io is a cryptocurrency tool that allows for Trailing Stop Loss and Trailing Profit Take. It allows traders to make the best on a trade without worrying about volatile traders ruining their experience. Custom portfolios are also available for analyzation and investment. Disclosure: This is a Sponsored Article 3commas connects to your exchange’s API so that it only has access to that exchange’s trading information and not withdrawal information. Right now, 3commas is compatible with Poloniex, Bittrex, and Bitfinex exchanges. 3commas encourages smart trading which is the implementation of Trailing Stop Loss or Trailing Take Profits simultaneously or apart from each other. Trailing Stop Loss is when you set a percentage stop loss on a coin amount so that when it stops climbing you are able to reap the maximum profits. For instance, you set a Trailing Stop Loss on […]
Analyst Tom Lee has described Bitcoin’s price “consolidation” as “very healthy” in fresh comments to mainstream media. ‘The Smallest Bubble I Know’ Speaking to Bloomberg December 22 as Bitcoin continued a 30% pullback to sub-$13,000 lows, Fundstrat Global Advisors’ head of research said the biggest cryptocurrency “had been following network value” for several years. “If you look at the number of wallets and transaction activity per wallet, that explains 94% of the move of Bitcoin in the last four years,” he told the network’s Daybreak: Americas segment. Lee’s comments provide a refreshing contrast to the ocean of bubble warnings to surface in non-cryptocurrency media outlets in recent weeks. As Bitcoin prices continued to surge towards $20,000 and then correct downwards, warnings to investors combined with public criticism from Bitcoin Cash altcoin proponents to generate an overall sense of instability. These […]
Bitcoin and other cryptocurrencies’ recent meteoric rise (and subsequent retracement) has gotten the attention of many. People who had never heard of Bitcoin before or had previously disregarded it are interested and asking questions. Unfortunately for you, some of those people are likely going to be your family members at holiday gatherings, and most of them probably still have no idea what they are actually asking. These are the questions you may face, and while this article is a little fun, it is important to remember that if someone is asking you about it – even if they don’t know what they are talking about – they may genuinely want to learn more. Be a cryptocurrency evangelist; better information makes for a better community. 1. Where can I buy cryptocurrency? While this question may have been way less common before, you can […]
The Winklevoss twins have cut up and stored their Bitcoin keys in safety deposit boxes across multiple banks in the United States. One of the main problems with cryptocurrency is that thieves can plunder a person’s wallet, and there’s very little recourse that one can do in such a situation. To ensure that such an event doesn’t happen to their 120,000 bitcoins, the Winklevoss twins have cut up their Bitcoin keys into multiple pieces (on paper) and stored them in safety deposit boxes across multiple banks in the United States. Determination Pays Off One thing you can say about the Winklevoss twins is that they embrace determination. They spent years rowing in order to become Olympic athletes in the sport, which they did in 2008. After they were screwed by Mark Zuckerberg, they went to the mat and sued him, […]
It goes without saying that this year has been epic for the cryptocurrency industry. A ‘Big Bang’ for a technology that was embryonic just six months ago. Big players are starting to take an interest now as investment opportunities are abundant in the burgeoning markets. According to the New York Post, one of China’s biggest business and entertainment tycoons has bought a 27% stake in the Delaware Board of Trade, a company operating one of the newest cryptocurrency exchanges in the US. Chinese Charge Ahead Bruno Wu’s Seven Stars Cloud invested $2 million into the fledgling exchange and “dark pool” operator, according to the publication. Wu is not the first; Chinese company Chongqing Casin Enterprise Group faced opposition from the SEC back in August when it tried to buy the Chicago Stock Exchange, according to a report in the Financial […]
Bitcoin’s colossal price swings in recent weeks have certainly grabbed the attention of both advocates and skeptics alike. Within just a couple of days, the digital asset’s price swung by $8,000 from just over $20k down to $12k and back up again to around $13.5k where it currently trades. The naysayers will be gloating while the investors will be looking at it as a simple market correction which offers another buying opportunity before it surges again after the holiday period. Industry analysts at Russia Today have followed the trends and have lent their knowledge and opinion to the big Bitcoin debate. State Coins Coming Doctor Jack Rasmus, professor of Political Economy at St. Mary’s College in California had this to say; It’s not going to be the currency of the future because the central banks will start issuing their own digital […]
Three government officials in Israel’s Ministry of Finance have confirmed they are considering issuing a state-sponsored cryptocurrency, the Shekel, to reduce the number of cash transactions within the middle eastern country. The Push for a Regulated Digital Currency The Bank of Israel is looking into the possibility of a state-sponsored digital currency, according to a few government officials that agreed to comment with the requirement of anonymity. The aim with this initiative is to reduce the country’s cash transactions, which are often viewed as being used for increased tax evasion and money laundering. The Ministry of Finance is looking to include a clause in a piece of legislation due for approval in January that would help create the legal framework for a Israeli cryptocurrency. The clause will detail the proposal and give the Ministry the ability to start testing how […]
People Keep Sending Satoshi Nakamoto Bitcoin Satoshi Nakamoto is the original hodler, having left the bulk of his coins unmoved since day one. The theoretical wealth of bitcoin’s pseudonymous creator is a hot topic, and one that the mainstream media are especially fond of pondering. In recent weeks, bitcoin’s record highs have propelled Satoshi into… The post People Keep Sending Satoshi Nakamoto Bitcoin appeared first on Altcoin Today.
Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive , whose ultimate goal is to give $86 mln worth of Bitcoin to various nonprofit organizations. For early adopters, Bitcoin’s massive rise in value has been a remarkable ride from rags to riches, and some are now deciding to give back. The Pineapple Fund has been… The post Bitcoin-Only Charity Fund Donates $1 Mln To Internet Archive appeared first on Altcoin Today.
Bitcoin Cash, Roger Ver and Everything In Between Unless you are new to Cryptocurrency and more specifically Bitcoin you will need no explanation to the topic at hand here. But for those new to the scene who are unsure just what Bitcoin Cash is and who Roger Ver is than here is a quick catch up: Bitcoin Cash is Bitcoins First Hard Fork On August 1st 2017 we saw Bitcoin Cash fork from the Bitcoin Legacy chain, all of those holding Bitcoin at the time of the fork were also now in possession of an equal number of Bitcoin Cash tokens. The idea of Bitcoin Cash was formed primarily due to the proposed and now implemented Segregated Witness[BIP 91], many in the community felt that the decision not to increase the Blocksize failed to tackle the scaling problem seriously and […]
In a recent report sent out to clients, Morgan Stanley analyst James Faucette cautioned that the “true” value of Bitcoin might actually be zero. Zero. Zip. Nada. The report, titled Bitcoin Decrypted, discussed the difficulty in ascribing value to the digital currency, noting that it behaves like neither a currency nor a store-of-value commodity like gold, silver, etc… Examining several key factors, Faucette points out: Bitcoin can’t be valued as a currency because it has no associated interest rate; It may be likened to digital gold but, unlike gold itself, which is used in electronics, jewelry, etc.., Bitcoin has no inherent use*; While it is technically a payment network, Bitcoin is difficult to scale and charges no transaction fee*; Bitcoin’s average daily trade volume over the last 30 days is only $3 billion* compared to $5.4 trillion in the FX market; The estimated […]
In the network appeared news that one of the offline casinos has placed a test model of the world’s first slot machine, fully working on blockchain technology. The futuristic style terminal developed by SmartPlay.tech represents the hardware realization of classical European roulette table. Many online casinos have already switched to cryptocurrencies and invest millions of euros in the rapidly developing bitcoin market. For example, the PlayAmo platform spent $ 2.5 million to expand its services to include bitcoin payments offering attractive promotions and bonuses to its customers. According to the international analytical resource TheBitcoinStrip, about 60% of the current transactions in the Bitcoin network are occupied by gambling bets, and the number of transactions made by gamblers per second has exceeded the mark of 337. Such popularity of the cryptocurrency in gambling is caused by the absence of additional commissions, […]