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Sunday, 12 November

01:11

4NEW Initiates Production of Its First Waste to Energy Plant for $24.83 Million USD NEWSBTC

LONDON Nov 11, 2017 4NEW, the company operating Waste to Energy treatment plants today announced a giant leap forward. 4NEW has ordered the production of its first Waste to Energy plant for a staggering USD $24.83 Million with delivery and subsequent installation of equipment to occur within 6 to 8 months between May and July 2018.

The first 4NEW plant will have a waste processing capacity of 72 tons per day of RDF, SRF, TDF, tyres, plastics, medical waste, carpets, textiles, wood wastes, oil liquid waste, chemical waste, raw food packaging, animal by-products and any type of hazardous and non-hazardous waste.

The plant will be able to generate 120 megawatts of power per day which totals 43,800 megawatts of power per year. As part of the deal, 4NEW will also procure insurance coverage to secure its revenue from any equipment failure, or unforeseen acts of God.

What this means for the company and its investors is that the first Waste to Energy site could be operational and in production as soon as July 2018; 5 months earlier than previously anticipated. We are exuberant about the prospects of pleasantly surprising our investors with early production of our goods and services. Additionally, the companys annual sales will be protected by insurance coverage, thereby securing 4NEW and its investors from any unpleasant, unforeseen events with the plant once its operational. said Sandeep Golechha, CEO of 4NEW.

The plant will drive annual sales of approximately $5 Million USD under current capacity, however, 4NEW can add additional waste processing lines to their plant as additional funds are raised thereby increasing output by 4 times per site. 4NEW also has options with lenders to explore debt financing in order to complete targeted acquisitions over the next 6 to 9 months.

The plant equipment has been ordered through Eco-Green Power Limited, a UK based plant production company. Eco-Green currently has three sites where their plants are in operational use. These include,  2 sites in Finland and 1 site in Denmark. With such a seasoned equipment production company acting as our partner, we are confident that expeditious turnaround will be feasible, stated Mr. Golechha.

Last month, 4NEW successfully secured a $25 million round of funding from Mirach Capital Group, a US based private equity fund. These funds were allocated towards the purchase of 4NEWs first plant site and equipment installation costs.

4NEWs business model has demonstrated significant foundational strength whereby Mirach Capital has observed great interest from other institutional partners to form join venture affiliations in order to invest in the project. To successfully mobil...

00:46

As Bitcoin Rejects 2MB Blocks, Dash Prepares to Implement Them Cointelegraph.com News

Bitcoin may have rejected SegWit2x, but Dash likes big blocks. Heres a look at lightning network, custom masternode hardware, forks and sporks

00:30

Bitcoin.com Wallet Celebrates 500,000 Downloads in Three Months Bitcoin News

Bitcoin.com Wallet Celebrates 500,000 Downloads In Three Months

This week the Bitcoin.com wallet has reached a significant milestone as we are pleased to announce our wallet app has been downloaded 500,000 times since launching the platform. The landmark shows the rapid growth of cryptocurrencies worldwide as more people are realizing the benefits of decentralized digital assets.

Also read: Bitcoin Cash Markets Remain Resilient As the Networks Upgrade Approaches

Individuals Are Downloading Bitcoin.com Wallets At an Exponential Rate

Three months ago Bitcoin.com launched its fleet of wallet platforms for Mac, Windows, Linux, iOS, and Android operating systems. Since releasing the wallets, weve seen exponential growth and users worldwide have given us great feedback about our client. The Bitcoin.com wallet software is a protocol fork of Bitpays popular Copay wallet. Weve also received an overwhelming amount of requests to support the bitcoin cash network, and since we implemented BCH weve become the top bitcoin cash wallet used globally. So far, Bitcoin.com wallets have been downloaded 513,719 times since launch.

...

00:09

Ethereum Continues Improvements Amid Bitcoin Bickering Cointelegraph.com News

While the world has watched the death of SegWit2X, the Ethereum platform has continued making marked improvements and increasing transaction volume well above Bitcoin.

00:00

Blockchain ID Schemes Could Kill the Data Breach, But How Soon? CoinDesk

CoinDesk takes a look at problems facing decentralized identity schemes as told by those seeking to take the blockchain use case live.

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Saturday, 11 November

23:20

Tokenbox partnered with Tradingview to create a brand new trading terminal NEWSBTC

Tokenbox and Tradingview teams are set to work together on developing a special crypto-trading terminal for Tokenbox users. According to developers, the terminal would perfectly follow the needs of various market participants fund managers and cryptotraders.

As Tokenbox co-founder Vladimir Smerkis noted, terminals that are widely used in traditional trading wouldnt fit the cryptotrading market. Tokenbox aims to create a unique ecosystem, which will unite traders, funds, managers and investors within one platform. Thus, a special tool is required.

The new terminal, the development of which is already underway, will give a gateway into the global digital currency economy, hundreds of currencies on leading exchanges and more than 75 technical indicators from a single account.

Well-balanced portfolio is a key to sucessful trading, so the terminal features will help portfolio managers to set the parameters by making transactions with a few assets.

The software will allow to generate automatic reports for portfolios via messengers.

Further development will include price trigger alerts via SMS, E-Mail and In-Browser, as well as third-party services connection.

Tradingview is a wide social network for professional traders, providing essential tools for trading, as well as real-time data on both traditional stock and exchange markets and cryptomarkets.

Tokenbox is a new project by creators of The Token Fund and its TGE is planned for November 14th.

...

23:07

Taming the Power-Hungry Blockchain Beast with Decentralized, Clean Energy Cointelegraph.com News

An ICO for the environment that provides an alternative energy source to power-hungry Blockchain mining.

23:04

Elements, Leveraging Blockchain Technology to Disrupt the Future of Loyalty Programs NEWSBTC

Elements, is a blockchain based digital currency that seeks to revolutionize the loyalty rewards industry. Elements offer a universal platform for multiple merchants, enabling them to leverage cryptocurrencys underlying technology to increase sales and visibility as well as customer satisfaction.

A blockchain is as good as the algorithm it uses. Elements operate on the proof-work (POW) mining model with X11-changed hashing algorithm as its POW. X11 conceived by Evan Duffield, the core developer of Dash, is similar in design to Bitcoins distribution procedure. X11 is possibly the most secure algorithm out there, offering 30 percent less wattage in GPUs and is 30-50 percent cooler than Scrypt.

Uses

Loyalty programs aim to improve customer experience and consequently merchant revenues. However, there is major fragmentation in the industry with no room for interoperability. Consumers are overwhelmed with memberships from different loyalty programs with no substantial benefits. As a result, customers end up not taking advantage of these programs. Merchants on the hand have to deal with the burden of liability that comes with running a loyalty program. As a result, the loyalty program industry has become inefficient.

Elements, keen on experimentation is disrupting the future of loyalty programs. Elements provide a universal loyalty currency accepted by various merchants. Consumers can use the currency wherever they please. A single currency accepted by multiple merchants is beneficial to both consumers and merchants alike. A universally accepted loyalty currency motivates consumers to spend more to spend more.

Advantages

  • One of the biggest challenges merchants face with loyalty programs is liability. If all consumers were to cash in their loyalty points simultaneously, businesses would collapse. With, Elements, however, Merchants can acquire coins free by mining, thus massively reducing the cost of liability.
  • Elements offer a single currency accepted by multiple merchants, an advantage to consumers and merchants alike.
  • The blockchain records all transaction on the immutable ledger, which means customers cannot counterfeit their loyalty points.
  • With Elements loyalty currency, the customers privacy remains intact, as Elements does not store the customers data.
  • Elements blockchain processes transactions instantly.
  • Customers can use a wallet of their choice for transactions
  • Customers can use the Elements loyalty coins to purchase products from merchants or exchange the c...

22:46

US Treasury Department Investigates Illegal Uses of Bitcoin Cointelegraph.com News

The US Treasury Department Secretary claimed that the alleged illicit use of Bitcoin should be reviewed very carefully to make sure that the dark web is not financed in Bitcoin.

22:16

More on Gigabyte Windforce VGA Fans For GPU Mining Rigs Crypto Mining Blog

We have recently talked about how you can Fix problematic fans of Gigabyte Windforce VGAs as the company tends to use cheaper sleeve bearing fans that are more prone to failure when used for GPU mining rigs. Interestingly enough Gigabyte does seem to use multiple suppliers for their Windforce fans and even though on the top the blades of the fans are the same, inside there could be interesting differences. So far most of the RX 400/500 series of GPUs from Gigabyte with Windforce fans that weve seen used 2x5x5.5mm metal bushings inside and as we have already mentioned these are easily replaced with readily available ball bearings and you can upgrade your fans to be more durable long term. It is a well known facts that sleeve bearings are much less resistant to higher temperatures and dust than ball bearing fans and as the operating conditions worsen their life span drops significantly.

It seems however that Gigabyte has Windforce fans with larger and not so standard metal bushings as well that cannot be directly replaced with ball bearings as their size is just not as standard. We have stumbled on some Everflow T129215SU fans used on Gigabyte Windforce fans that used 2x8x5mm metal bushings and there are simply no standard bearings that you can use with so small inside hole and so big outer diameter available. So fixing or upgrading these becomes a bit more trickier and you need to either do your own bushings with the right size to replace or use spacers so that you can fit 25 size ball bearings inside. We have actually done both of these already and have tried them, but not on Gigabyte Windforce. To our surprise Asus and their STRIX GPU fans turned out to be using crappy sleeve bearing fans instead of better quality and more durable ball bearing fans. The STRIX fans use the same size metal bushing as weve discovered in this particular Gigabyte Windforce fans, but we are going to get back with more details about that very soon

22:10

Irony of Ironies as Mark Karpeles Could Profit $1 Bln from Mt. Gox Cointelegraph.com News

In a cruel twist of fate the former CEO of Mt. Gox, the man in charge during the loss of 1 bln Bitcoins, may wind up profiting $859 mln from the bankruptcy settlement.

22:00

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency Bitcoin News

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the Cryptocurrency

By whatever metric you care to measure it, 2017 has been a record-breaking year for bitcoin. From transactions to trading volume, and from wallet installations to market cap, every possible metric has been surpassed, shattered, and then shattered again.

See also: 10+ Monitoring Websites That Help Track the Bitcoin Network

Its All In The Numbers

Bitcoin by Numbers: 21 Statistics That Reveal Growing Demand for the CryptocurrencyBitcoin volume by currency.

The cryptocurrency world evolves at such a dizzying pace that it can be hard to take in the magnitude of everything thats happening in bitcoin. In the words of Ferris Bueller, If you dont stop and look around once in a while, you could miss it.

As an intangible digital currency, it can be hard sometimes to appreciate where bitcoin is at and how far its come from such humble beginnings less than nine years ago. The following stats help bring bitcoin to life, making it easier to visualize the state of the network today.

(Note: all figures are averages and were accurate at the time of publication.)

Breaking Down Bitcoin

...

21:03

PR: Alexander Borodich Develops Universa Blockchain Platform-Based Solution for the President of Russian Federation Bitcoin News

Universa Blockchain Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

National Center for Helping Lost and Exploited Children, with support from BAZAAR Production and Universa Blockchain, will present worlds first innovative technology niche Child Tech. The new area, located at the cutting edge of more than 30 technology segments, will be presented at BAZAAR Technology Convention in Sochi, Russia (Gorki Gorod resort), due to take place on November 16-19, 2017. A working solution for a unified alert and monitoring system will be presented at the event, which enables search for missing kids using advanced blockchain technology developed with Universa platform.

The National Center for Helping Lost and Exploited Children was established as part of the 2012-2017 National Action Strategy for Children, under a decree by Vladimir Putin, the President of the Russian Federation.

Child Tech is a new autonomous technology area, which focuses on tapping the potential of innovative technology in the interests of the society, to develop the institute of social protection of childhood and implement the National Action Strategy for Children.

To ensure smooth development of the Project, the National Monitoring Center for Helping Lost and Exploited Children, together with BAZAAR Production and Universa Blockchain, is launching a co-working and acceleration program involving representatives from various government departments, ministries and agencies, leaders of the Russian development institutions, prominent international experts, key practitioners and analysts, and delegates from major public organizations dealing with childrens issues and socially responsible corporations. The competency ce...

19:06

AFTER SEGWIT 2X CANCELLATION, CAPITAL FLOWS BACK TO BTC (November 11, 2017) NEWSBTC

Following the cancellation of Segwit 2X, the pump has been withdrawn and as a result, alt coins are back to their initial trading ranges. Coincidentally, these reversals happened at key Fibonacci retracement levels drawn between August-September/October Hi-Los. Lets see what happened yesterday.

MAIN RESISTANCE TREND LINE AT $0.22 CAP ALT COIN NEM RALLY AFTER SEGWIT 2X IS PUT OFF

alt coin NEM Daily chartNEMUSD Daily Chart for 11.11.2017

Based on our conditions yesterday, NEM price action failed to close above $0.22 main resistance line.

There was a strong rebound from that level and USD bulls pare losses recovering $0.04 and closing at November 9 lows. Note that this re-bounce was at the 68.2% Fibonacci level. As such, our game plan today is if alt coin NEM will close below the main support level at $0.20 today.

It is likely, check the long upper wick this morning which indicate USD bull pressure and a probable spill over from yesterdays bear run.

STRONG PRICE REJECTION AROUND $335-$370 SELL ZONE FOR DASH BULLS

alt coin DASH Daily chartDASHUSD Daily Chart for 11.11.2017

Yesterdays alt coin DASH price action ended up as a doji candlestick closing above the upper BB. Concurrently, alt coin DASH highs reversed in our sell zone between $335 and $370 following segwit 2x cancellation.

November 10 and 11 candlestick characteristics indicate sell pressure build up.  After all, $327...

19:00

North Korean Hackers Ramp Up Malware Attacks Against Bitcoin Exchange Staff Bitcoin News

North Korean Hackers Ramp Up Malware Attacks Against Bitcoin Exchange Staff

Malware targeted against cryptocurrency users is becoming increasingly prevalent, a new report shows. Attacks are also getting more sophisticated, with enterprising hackers less focused on cryptocurrency holders and more intent on directing their firepower at bitcoin exchanges. The blame for such intrusions is being directed firmly at North Korea, where many of the attacks are believed to originate.

Also read: South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales

It Came From The North

New statistics released by the Korea Internet & Security Agency (KISA) have identified over 5,000 instances of ransomware damage between January and September of this year. This was a 3.7x increase on the same period last year, and was accompanied by a spate of malicious code injections. While much of this malware was ransomware-based, 44 attacks were specifically designed to steal personal information from the targets.

...

18:45

A GAME CHANGER FOR TRUTH MEDIA (Video) "IndyWatch Feed Economics"

A GAME CHANGER FOR TRUTH MEDIA Video SGTReport Steve St. Angelo joins me to discuss the game changer for truth media, the Commodity Ad Network, which is going live on January 1st. CDX promises to bring hungry advertisers together...

The post A GAME CHANGER FOR TRUTH MEDIA (Video) appeared first on The Daily Coin.

16:44

A New Website Claims the Segwit2x Hard Fork Isnt Going Away Bitcoin News

A New Website Claims the Segwit2x Hard Fork Isn't Going Away

news.Bitcoin.com recently reported on an unknown software developer called Bitpico who stated the Segwit2x fork will still happen on November 15 as intended. Bitcoin proponents are not sure if the developer is serious but a new website has been published called Bitcoin2x.org.

Also read: Closing the Curtains On Segwit2x and the Following Aftermath

A New Website Called Bitcoin2x.org Appears After Bitpicos Threats

A New Website Claims the Segwit2x Hard Fork Isn't Going AwayBitcoin2x.orgs original welcome message....

16:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.0001 BTC = 0.64 USD
1.00 USD = 0.0002 BTC
Converter

14:29

PlayKey Platform Declared Investment-Friendly by ICORating NEWSBTC

ICORating, one of the leading blockchain startup rating agencies, has termed PlayKeys decentralized cloud gaming platform as Stable+ from the point of view of investing.

In their report, ICORating representatives noted that PlayKeys tokens are ideal for medium term investments, thanks to their healthy hype and low risk status. They justified their reason for rewarding a favorable rating to PlayKey by stating,

PlayKey already functioned for 2.5 years, so the team has enough experience. It should be noted that the team members have been working together for a long time, which we also highlight as one of the strengths of the project.

The rating agency also noted that PlayKey will be working in a highly competitive environment, and would need quick reactions to new products from competitors, and almost instantaneous adjustment to customers desires. They termed competition as the only risk factor for PlayKey.

PlayKey Proves Competitive Advantage

PlayKey has differentiated itself from other decentralized gaming platforms, stating that they already have an infrastructure at place to meet their goals quickly. The platform cited its 100 NVIDIA-based servers that are serving over 2.5 million gamers globally as a strategic advantage over its competition. It also coupled the claim by proving strategic partnerships with some of the biggest names in the gaming sector, Ubisoft, Bethesda, and Wargaming being some of them.

Remember, the Playkey technology will allow advanced games to be run from weak and outdated computers or laptops, the company stated while explaining the longevity of its business model. After the ICO the Playkey operating model changes and switches to a P2P-format where any owner of a powerful PC can offer his hardware in a lease with gamers that have weak computers.

The ICO of PlayKeys PKT tokens is already live.

Overall, a favorable rating from a reputed agency like ICORating (which has been noted by Forbes and ...

14:03

Germanys Top Financial Regulator Warns Against Initial Coin Offering (ICO) Risks Cointelegraph.com News

Germany financial regulators join the growing number of countries warning citizens about ICOs.

12:50

No SegWit2x Makes Bitcoin Cash Shine Amidst Crypto Bloodbath Cointelegraph.com News

Many traders expected altcoins to soar following the canceling of SegWit2x, but the entire market is down, with the exception of Bitcoin Cash, Ethereum Classic and Dash.

12:50

John Rubino Bitcoin from A to Z (Podcast) "IndyWatch Feed Economics"

John Rubino Bitcoin from A to Z Podcast Financial Survival Network John Rubino and I have a lengthy discussion about Bitcoin and crypto-currencies. We go over their use as money, their future impact and how governments might react...

The post John Rubino Bitcoin from A to Z (Podcast) appeared first on The Daily Coin.

11:36

Bitcoin Reaches End of An Era: Expert Blog Cointelegraph.com News

Expert predicts that the failure of SegWit2x averted an existential crisis, but will bring new players into market, usher in changes.

10:30

Bitcoin Gold Plans to Launch its Network on November 12 Bitcoin News

Bitcoin Gold Plans to Launch its Network on November 12

The fork called Bitcoin Gold (BTG) has been quite the mystery since it announced its plans to fork the Bitcoin network and change the currencys consensus algorithm. According to the team, the fork took place on October 25, and the network was supposed to start on November 1. However, BTG developers didnt finish the projects mainnet in time, and now the team says the network will launch on November 12, 2017, at 2 PM EDT.

Also read: Distributed Denial of Service Attack Greets Forked Bitcoin Gold on First Day

Bitcoin Gold Mainnet Plans to Launch 11 Days Late

Bitcoin Gold Plans to Launch its Network on November 12 According to the Bitcoin Gold Community mailer, the team plans to launch the BTG network this Sunday. The BTG team says a full node client will be available for download and the bitcoin gold blockchain will officially be live. Blocks can be mined by users and pools from all around the world explains the BTG announcement.

Wallets and exchanges will be able to process deposits, withdrawals, and trades (as so...

10:11

De-briefing Ethereums Parity Predicament: Whats Next? Bitcoin Magazine

De-briefing Ethereums Parity Predicament: Whats Next?

After an unidentified actor accidentally triggered a series of bugs that destroyed approximately $150 million worth of digital currency, the world waits for a substantive answer is this vulnerability an anomaly? An I told you so? Or a humbling opportunity to secure the Ethereum network?

What Happened?

On November 6, Devops199, an alleged amateur programmer, set off a chain of bugs on Parity, a popular digital wallet for Ethereum. These bugs affected multisignature, or multisig, accounts wallets that require multiple users to enter their keys before funds can be transferred. The place these wallets connect to is known as a library contract.

  1. According to Parity, an attempt to fix a vulnerability that allowed hackers to steal $32 million from multisignature wallets in July of 2017 inadvertently created a second vulnerability in the library contract. This allowed Devops199 to gain control of every multisignature wallet as a sole owner.

  2. After Devops199 realized what had happened, he killed (deleted) the code. Unfortunately, this locked all funds into multisignature wallets permanently, with no way to access them.

  3. Because of the functionality of the current blockchain, $150 million worth of ether (ETH), the tradable currency that fuels the Ethereum platform, is now effectively destroyed and inaccessible to anyone.

Among the victims of this bug are several recently successful ICOs that chose to store their funds in a Parity wallet because of its multisig option and compatibility with various hardware wallets.

...

09:30

Coinbase Losing! Must Turn Over Customers Records To IRS For Massive Bitcoin Fishing Expedition (Video) "IndyWatch Feed Economics"

Coinbase Losing! Must Turn Over Customers Records To IRS For Massive Bitcoin Fishing Expedition Video Silver Report Coinbase has just gone back in front of judge to once again hear that they are giving free rein to search customer...

The post Coinbase Losing! Must Turn Over Customers Records To IRS For Massive Bitcoin Fishing Expedition (Video) appeared first on The Daily Coin.

08:59

Bitcoin Price Analysis: Market Correction Could See Lows of $5,800 Bitcoin Magazine

Bitcoin Price Analysis

In our last discussion of the bitcoin market, an emphasis was placed on the $7,000 support level because it represented a historic point of interest and it showed strong signs of support a break of which would ultimately prove to have a strong downward move following afterward.

Bitcoin has since broken the $7,000 support level. It then took an immediate $500$600 move downward and has, thus far, shown little interest in bouncing upward. Taking the whole move into view, we can see quite clearly that we completed a Wyckoff Distribution phase on the 30-minute candle; we are now heading downward as the supply is overwhelming the market:

Figure_1 (19).JPGFigure 1: BTC-USD, 30-Minute Candles, Wyckoff Distribution

Figure 1 shows a breakdown of the $7,000 support level, ultimately timed with the Last Point of Supply (LPSY) for this distribution phase. The LPSY represents the final, overwhelming abundance of supply in the market. As the price pushes lower, the supply outweighs the demand in the market and, as we are seeing in the current market, there is very little desire to buy at these prices.

Figure_2 (16).JPGFigure 2: BTC-USD, 1-Day Candles, Macro Parabolic Trend

Figure 2 shows the rejection of the linear ascending resistance line (shown in pink). This trendline has historically proven to be a point of reversal and, at the time of the article, is rejecting the trendline for the fourth time. If we follow the correction trend, we can expect an ultimate test of the lower parabolic curve that has proven to be support over the course of the last two years.

...

08:00

Bitcoin.org Owner Wants to Revise Satoshis White Paper Bitcoin News

Following the Segwit2x working groups announcement to cancel the hard fork scheduled for next week, many shocked bitcoin proponents revealed their opinions on the web. Additionally, one of the administrators of Bitcoin.org, Theymos, wants the web portals recommended businesses such as wallet services and exchanges to pledge that Bitcoin is not ruled by miners or otherwise be removed from the sites link page.

Also read: XBT Provider Unveils Distribution Plan After Selling 44,471 Bitcoin Cash Coins

Bitcoin.org Wants Cryptocurrency Businesses to Make a Pledge or Take a Bitcoin Basics Course

Bitcoin.org Owner Wants to Revise Satoshi's White PaperThe Segwit2x hard fork has been canceled, but the drama is still not over. On November 8, the same day the Segwit2x working group made their announcement, Theymos, one of the administrators of Bitcoin.org declared a desire for bitcoin businesses to make a pledge. Theymos details that during the Segwit2x waiting period several companies declared that miners control bitcoin, and the Bitcoin.org administrator thinks this should be addressed.

This belief is one of the most dangerous threats to bitcoin, since if most people think that, then bitcoin ends up controlled by only a handful of people Although this issue is mentioned in a few places on Bitcoin.org, Ive bee...

06:44

Bitcoin Cash Up As Original Chains Price Recedes NEWSBTC

The fork of Bitcoin from August 2017 known as Bitcoin Cash (BCH) surged over 30% on Friday according to industry price analysts at Coinmarketcap. This corresponded with a marked drop in the price of the original Bitcoins (BTC) price to its lowest point since the start of November. Analysts are attributing the redistribution to the failed Segwit2x fork which was scheduled later this month. However, interestingly there seems a lack of consensus as to why traders are moving from BTC to BCH.

Some believe that its simply a matter of those traders who were holding Bitcoin to receive a dividend of new coins like what happened in August selling and moving back into various altcoins. Looking at the sea of green over Coinmarketcap immediately following the decision would suggest theres a fair bit of truth in their opinion too. For them, part of the huge run up in price was caused by people buying in to get free coins. Now that there are no new coins, the money is flowing elsewhere. Chris Burniske, author of Cryptoassets: The Innovative Investors Guide to Bitcoin and Beyond believes this to be the case. He told CNBC:

You can see people playing back and forth between bitcoin and bitcoin cash trading depending on where they think near-term catalysts may be. Its been a battle of investors versus traders that were stockpiling bitcoin to get their bitcoin2x dividend.

For those like director of XTB, Joshua Raymond, Segwit2x was an important step towards scaling the chain to be able to handle more transactions per second. More pragmatic than many of the hard coding, computer science-orientation anti-Segwit2x crowd, Raymond told Business Insider:

Everyone was hoping the Segwit2x would address this [transaction cost and time] but unfortunately, the delay due to a lack of consensus on the mechanics has affected confidence. Confidence on transaction speed in Bitcoin has deteriorated significantly in recent...

06:30

Total Supply of Tethers Increases By 20% in One Week Bitcoin News

Total Supply of Tethers Increases By 20% in One Week

The controversy surrounding the correlation between the release of new Tethers (USDT) and dramatic price spikes led by Bitfinex trading continues. 20 million new USDT were released shortly before a single market buy of approximately $13.5 million USD worth of bitcoin was executed on the 8th of November. The sudden spike in buying pressure quickly drove the price of bitcoin from $7075 to $7350 in less than 60 minutes. Since then, an additional 20 million USDT have been released into circulation on the 9th, and another 30 million USDT on the 10th of November.

Also Read: The Controversy Surrounding Tethers USD Backing Continues

Approximately 110 Million USDT Have Been Released Since November 3rd

Many traders are noting an increasing correlation between the release of significant quantities of Tether and sudden movements in the price of bitcoin, with some expressing concerns at the speed with which a large volume of margin trades are executed following the release of new USDT.

...

06:22

Donna Braziles Bombshell! Jared Kushner Mysterious Last Min Trip "IndyWatch Feed World"

We Are Change

In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Donna Brazile talking about Seth Rich with the DNC, Donald Trumps son in law Jared Kushner having a very important last minute trip. We also get into the new JFK files that mainly focus on the personal life of Martin Luther King jr, and plus a lot more.

Also on d.tube here.


 

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The post Donna Braziles Bombshell! Jared Kushner Mysterious Last Min Trip appeared first on We Are Change.

06:09

Bitcoin Price Decline Continues As Markets Drop Below $6,500 CoinDesk

The price of bitcoin is down more than 9 percent after falling below the $6,500 level.

05:38

Trafficking: The Soros, Spacey, and Weinstein Connections "IndyWatch Feed World"

We Are Change

Jason Bermas breaks down the latest trafficking allegations and their possible connections to other predators.

Also on d.tube here.

Visit our MAIN SITE for more breaking news https://wearechange.org/


 

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05:30

PR: Vienna Insurance Group and Moirai Announced Partnership to Experiment with the Wisdom of Crowds Bitcoin News

Vienna Insurance Group and Moirai Announced Partnership

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

London, UK, Vienna Insurance Group AG (VIG), a leading international insurance group in Central and Eastern Europe with approximately 23,000 employees and Moirai, a decentralized prediction market platform, today announced their cooperation to experiment on improving enterprise risk management (ERM) process through integration of decentralized prediction market mechanisms

The direct connection between VIGs risk management practices and Moirais decentralized infrastructure, will allow companies to effectively test and explore methods of utilizing prediction markets for optimization and scaling of insurance products and business performance.

Many insurance companies are under tremendous pressure in the current financial environment to achieve sufficient return on investments, respond to increased claims and fraudulent activity, and keep attrition rates down, all while addressing increased competition and calls for a more stringent regulatory environment.

Decentralized prediction markets can help insurance companies understand the impact of marketing campaigns and new policy programs on new customer acquisition and predict customer behavior such as attrition, loyalty, and satisfaction levels. Furthermore, more efficient risk and security management can be achieved through prediction of metrics related to claim levels as well as fraud protection activities by understanding what types of fraud will be most prevalent in a future time-frame.

I strongly believe that this partnership is an important step forward towards advanced blockchain development and its application in the current market. We are glad to have an opportunity to work with one of the biggest international insurance companies in Europe and we think we are on the right path in establishing our product in t...

05:30

Cryptocurrency Mining Sales Cool in Q3, Says Nvidia CoinDesk

Nvidia said that it will remain "nimble" in its approach to the cryptocurrency market, even as it reports a decline in revenue for related products.

05:00

Trumps Treasury Secretary: We are Looking Very Carefully and Will Continue to Look at Bitcoin Bitcoin News

Trump's Treasury Secretary: "We are Looking at Very Carefully and Will Continue to Look at" Bitcoin

Trump administration Treasury Secretary, Steven Terner Mnuchin, in a recent interview, largely about US tax code and proposed cuts, gave his first public comments regarding bitcoin.  

Also readTrumps Attorney General Jeff Sessions: Bitcoin is a big problem

Treasury is Looking at Bitcoin Very Carefully

Moth to flame? Bear to honey? More money, more problems? Pick your analogy, but bitcoins otherworldly prices are attracting a lot of attention, and not all of it good. If bitcoin were a company, the US Treasurys regulatory radar is just about the last blip any company would want.

The market cap has now surpassed 100 billion dollars. People are calling it a currency. Theyre using it as a currency, began Yahoo Finance Markets Correspondent, Nicole Sinclair, on 9 November 2017, What are your thoughts on bitcoin? And does the government plan to regulate it?

...

04:30

US Customs and Border Protection Advisors Form Blockchain Research Effort CoinDesk

Advisors to the U.S. Customs and Border Protection is gearing up to research the application of blockchain to the agency's trade functions.

03:30

Bitcoin Unlimited Reveals Gigablock Testnet Performance Bitcoin News

Bitcoin Unlimited Reveals Gigablock Testnet Performance

Last October Bitcoin Unlimited (BU) chief scientist Peter Rizun announced the first ever 1GB block was mined on the teams Gigablock testnet. After processing the very large block, Rizun detailed the team would reveal the results of the testing at the Scaling Bitcoin event at Stanford University. This past weekend Rizun and BU developer Andrew Stone gave the public some insight into their sustained transaction throughput trials.

Also read: Bitcoin Cash Markets Remain Resilient As the Networks Upgrade Approaches

Scaling Technology is Already Available to the Worlds Human Inhabitants

...

03:01

'2x' Boost? Bitcoin Cash Closes on Record High CoinDesk

Bitcoin cash rose to a three-month high of $872.24 today, two days after a controversial hard fork of the bitcoin blockchain was suspended.

02:47

European Central Bank Denies the Issue of Ignoring Cryptocurrencies Cointelegraph.com News

The executive member of European Central Bank shared the bank's stance on cryptocurrency claiming that the bank is following the development of Bitcoin and other cryptos.

02:24

ICO Vulnerable to Price Manipulation, Says SEC Head Jay Clayton Cointelegraph.com News

US Securities and Exchange Commission fights the opacity of ICO trading that can create environment conducive to misconduct.

02:20

VIABET to Support Bitcoin Cash and Ethereum Classic NEWSBTC

This week the Blockchain-powered platform VIABET has announced players will be able to utilize BCH and ETC on their soon to be released casino and peer-to-peer sports betting site.  VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. Similar to the way Ethereum created a world running on DApps. VIABET aims to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry.

The company announced adding the currencies on November 9th via Twitter stating;

In our latest update, VIABET will be offering Bitcoin Cash (BCH) and Ethereum Classic (ETC) deposit and withdrawal options for our online sports betting and casino customers.

Why Bitcoin Cash?

Bitcoin Cash, with its on-chain scaling and lower transaction fees, holds particular appeal for the sector thats historically been the target of misguided government policies that aim to protect state-owned gambling monopolies and restrict the individuals freedom to decide how to spend their entertainment dollars.

Either way, this looks like a solid business move on behalf of VIABET. According to Coinmarketcap.com, at the time of writing, Bitcoin Cash is trading heavily and is up 30.88%, currently in a bull market after slumping the last few weeks. VIABET becomes one of the first online gambling operators to offer Bitcoin Cash (BCH) deposit and withdrawal options to its online sports betting and casino customers.

VIABET Pre-ICO to Begin This November

VIABET will be offering 49 million VIA tokens in total. The Pre-ICO is set to begin on November 14, 2017 (10:00 AM PDT) and end on November 21, 2017 (10:00 AM PDT), finally giving its supporters a chance to get in on the profit that VIABETs future growth will generate.

However, only 9.8 million VIA Tokens will be sold during the Pre-Sale. As the Pre-Sale is capped at only 7000 ETH, it is predicted to sell out and close its doors to new investors long before its November 21 deadline is hit. In addition, VIABET has early bird discounts in place to incentivize investor participation, a 40% bonus for early pre-sale investors is up for grabs.

Learn more about VIABET https://viabet.io
Whitepaper ...

02:13

Bitcoin on CME: Interview With Bitstamp CEO Nejc Kodri Cointelegraph.com News

In an exclusive interview with Cointelegraph, Bitstamp CEO Nejc Kodri provides insight into how Bitcoins addition to the Chicago Mercantile Exchange will affect the future of Bitcoin.

02:00

Singapore Central Banker: Regulators Have 'Duty' to Learn from ICOs CoinDesk

An executive Singapore's central bank has said that developments around initial coin offerings and cryptocurrencies can offer lessons for regulators.

01:57

Can BitIndia Become the Paytm of Digital Money in India? Cointelegraph.com News

Can BitIndia become the Paytm of cryptocurrencies in India?

01:33

Threat of Cryptocurrencies Will Lead to Introduction of State-backed Digital Currencies, Citigroup CEO Cointelegraph.com News

Citigroup CEO Corbat claimed that Bitcoin and other virtual currencies threaten the current financial systems capabilities around data, tax collection, money laundering and KYC protocol.

01:28

Bitcoin Cash Surges as Businesses Abandon Legacy BTC Bitcoin News

Bitcoin Cash Markets Surge As the Pending Hard Fork Approaches

Bitcoin cash is enjoying a new lease of life as major figures throw their weight behind the chain. In the wake of the abortive Segwit split, neither bitcoin nor B2x has prospered, with the latter failing to materialize and the former dropping below $6,800 for the first time in 10 days. BCH, meanwhile, hit $866 earlier today.

See also: Bitcoin Cash Markets Remain Resilient As the Networks Upgrade Approaches

All Aboard The BCH Express

As the elation, anger, and acrimony over Segwit2x has started to settle, focus has returned to the seemingly intractable problems of bitcoin scaling and transaction fees. Given the difficulty of attaining consensus for developments of the bitcoin network, many have grown frustrated by the stalemate, with widespread Segwit adoption and Lightning Network implementation still months or years away.

...

01:19

Bitcoin Classic Shuts Down As Staff Claim Bitcoin Cash Will Rule In 6 Months Cointelegraph.com News

Bitcoin Core only has 6 months left as Bitcoin at the most, says Bitcoin Classic as it shuts down.

01:14

Bitcoin Price Watch; Closing Out The Week On A High NEWSBTC

So thats another day complete in our bitcoin price trading efforts and with it the week has drawn to a close. There has been much to talk about across the sessions this week and weve had plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy as price has moved in various directions.

Weve got the remainder of the US session ahead of us, during which wed love to pocket another couple of wins to close out the week on a strong high. Whether the markets will allow this remains to be seen, of course we cant just jump in and out because we want to, we have to wait for some signals but if action today is anything to go by, theres a good chance well get at least one opportunity to enter.

So, with this noted, and for the final time this week, heres a look at what we are going for in the bitcoin price this evening with some key levels to focus on going forward. As ever, take a quick look at the chart below before we get started so as to get an idea whats on and where things stand right now.

Its a one-minute candlestick chart and its got our key range overlaid in green.

As the chart shows, the range we are looking at for the session today is defined by support to the downside at 6718 and resistance to the upside at 6853. We are initially going to look for a close above resistance to validate an upside entry towards a target of 6890. Looking the other way, a close below support will have us in short towards 6680.

Stop losses on both positions just the other side of the entry in both instances will ensure we are taken out of the trade in the event of a bias reversal.

Lets see how things play out.

Charts courtesy of Trading View

...

01:00

How Bitcoin Price Could Reach $10,000 by the End of 2017 NEWSBTC

Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RTs Max Keiser firmly believe that the bitcoin price could achieve the $10,000 mark in the short-term.

As Novogratz told CNBC:

Im pretty confident to say its going higherIt would not surprise me if in the next 6-10 months we are over $10,000.

SegWit2x Out of Sight, Institutional Investors Rushing In

The basis of the $10,000 interim price target of leading analysts and investors like Keiser and Novogratz are based on the entrance of large-scale institutional and retail traders into the bitcoin market.

Analysts predict that the launch of bitcoin futures exchanges by CME Group and CBOE, two of the largest options exchange in the world by trading volume, would drastically increase liquidity for institutional and retail traders, potentially leading to tens of billions of dollars being invested in bitcoin in the short to mid-term.

It is important to acknowledge that the liquidity of bitcoin has increased significantly over the past few months, with only a handful of multi-billion dollar institutional investors and hedge funds in the bitcoin market. The daily trading volume of bitcoin is on par with Apple (NASDAQ: AAPL), the most liquid stock on earth, at around $3.4 billion.

The SegWit2x hard fork, which was supposed to occur on November 16, was canceled by its supporters and leading businesses including Blockchain, Xapo, ShapeShift, and BitGo. SegWit2x presented uncertainty to investors and traders within the bitcoin market, given that a sell-off from B2X dividend-expecting investors was a certainty. Several analysts expected a drop of around 10 percent.

Upon the cancellation of SegWit2x, the price of bitcoin surged to a new all-time high at $7,900, prior to plunging to $7,200. But, the major correction that occurred on November 9 should be seen as a positive indicator for the short-term growth of bitcoin, given that the major...

01:00

Bitcoin Isn't 'Too Expensive,' Says BTCC Boss Bobby Lee CoinDesk

Bobby Lee, CEO of cryptocurrency exchange BTCC, spoke about buying bitcoin and China's regulatory crackdown in a speech last weekend.

00:55

The Only Winner in the Mt Gox Trial is Mark Karpeles Bitcoin News

The Only Winner in the Mt Gox Trial is Mark Karpeles

The net worth of Mark Karpeles could run into the hundreds of millions of dollars thanks to a 200,000 stash of bitcoins. Those coins are the subject of ongoing legal proceedings in Japan which could see claimants receive less than $500 per coin for their losses. With over $1.4 billion worth of bitcoins on the line, the beleaguered Mt Gox boss has been the subject of fresh vitriol.

Also read: Mark Karpeles Open Letter to Coinlab Looks to Settle Lawsuit for $5M

850,000 Bitcoins Stolen

The Only Winner in the Mt Gox Trial is Mark KarpelesMt Gox: two words that many early bitcoin adopters still shudder to hear. One of bitcoins most notorious bte noires, Mark Karpeles has been persona non grata ever since the exchange collapsed in 2014. Since then, customers who lost their holdings in what was the worlds largest bitcoin exchange have been pursuing Karpeles and his failed company through the courts. Mt Gox famously shut down after conceding that 850,000 bitcoins had been stolen, but later announced the discovery of 200k of them in the manner that one might discover some spare change down the back of the sofa.

The ownership of these bitcoins is hotly disputed, with former customers of the exchange adamant that this stash belongs to the...

00:18

The End Of Hollywood? Facebook Exposed, The Secrets Are Out "IndyWatch Feed World"

We Are Change

In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on Charlie Sheen, Louis C.K and many other Hollywood stars being exposed right now. We get into Facebook co-founder Sean Parker, exposing Facebook for what it is. As well as the new Wikileaks Vault 8 release, plus a lot more.

Visit our MAIN SITE for more breaking news https://wearechange.org/


 

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The post The End Of Hollywood? Facebook Exposed, The Secrets Are Out appeared first on We Are Change.

00:17

Rethinking Innovation: How Crowdfunding And Innovators Come Together NEWSBTC

Its not uncommon to meet a victim of the innovation world. Someone with a great idea, but unable to find the necessary investors or the appropriate platform or help. Eventually the idea either dies, or is picked up by a large conglomerate, and the initial entrepreneur is left behind.

This isnt an uncommon problem because the existing tools in the crowdfunding and innovation marketplace are woefully inadequate. Entrepreneurs have difficulty at almost every turn finding investors, marketing their products, and finally getting sales its all difficult. In fact, 29% of startups fail simply for lack of investment.

Decentralized partnerships

However, a new Blockchain based platform has appeared on the horizon, promising to solve the issues that innovators face in the current marketplace. Crowdholding, a two year old startup, is creating a new decentralized platform where entrepreneurs, investors, and consumers can work together to create the next major innovations.

The platform is a peer-to-peer validation and investment system designed to allow supporters from anywhere in the world to access and support innovative thinking. Supporters can offer feedback, give criticism, and voice their opinions. The power of the crowd to validate, test, and invest in products can be put to work to help build new and innovative value propositions.

Best of all, companies not only receive from the public through responsive interaction (the crowd), but are also able to give back to the public through an incentivized platform. By offering incentives, companies are able to create simple and direct pathways for consumers to participate intellectually and financially, and receive rewards for their participation.

The dynamics 

The dynamics of the system are unique. Within the Crowdholding ecosystem, companies are free to release their products for public consideration. With the release, companies can offer some percentage of earnings as a reward for participants. The crowd analyzes the product, provides feedback, and offers ideas. In return, the company offers the contributors the pledged percentage, and the crowd earns, even as it evaluates.

For the crowd, the platform offers some excellent benefits. Participants can have an amazing portfolio of products they have directly influenced. Further, rather than simply free testing and evaluation, participants can receive monetized rewards through YUPIE tokens, the cryptocurrency from the platform. Finally, crowd participants have first access to new products before the market is able to grab ahold.

For businesses, theres much to be gained as well. First, products undergo rigorous testing in a simple format. Ideas about the product, market feedback, and new enhancements can be added in order t...

00:05

Bull Grip Weakens As Bitcoin Price Breaks Below $7,000 CoinDesk

After setting a new record high of $7,879 Wednesday, bitcoin's price has dropped below $6,800 today.

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

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Friday, 10 November

23:05

US Treasury Secretary: We're Looking 'Carefully' at Illicit Uses of Bitcoin CoinDesk

The U.S. Secretary of the Treasury, Steven Mnuchin, has said his department is looking into the illegal uses of cryptocurrencies such as bitcoin.

23:00

Tether Continues to Issue New USDT at an Alarming Rate NEWSBTC

Tether is one of the companies causing some drama in the cryptocurrency world right now. The company has issued around 50 million USDT this week alone. All of this money is used to push up prices of different cryptocurrencies on Bitfinex, by the look of things. It is evident this is causing some problems for a lot of people. Whether or not these concerns are justified, remains to be determined.

This has been a pretty eventful week for Tether, to say the least. Earlier, the company issued another 20 million USDT tokens. All of this digital money needs to be backed by collateral in US Dollars. Whether or not that is the case right now, is perhaps the biggest mystery in all of cryptocurrency. There is another problem people need to take into account, though. Last night, another 30 million USDT was added to the existing supply.

USDT Supply Continues to Increase Quickly

It is unclear where this sudden demand is coming from. That is, assuming the demand is legitimate, to begin with. There are some wild theories circulating on the Internet right now. No one can deny the USDT brought in circulation help keeps the Bitcoin price stable right now. Who controls this funds exactly, is a different matter altogether. It is certainly possible this influx of new tokens, is completely legitimate, although it is doubtful right now.

Surprisingly, these new tokens do not seem to affect the trading volume all that much. HitBTC is still the largest market, following by Poloniex, and Bittrex. Very few of the coins seem to make their way to Bitfinex right now. That is, assuming there is no secret order book containing information to explain this situation. There have always been some correlations between Tether and Bitfinex. Proving nefarious activity is difficult, though, and should be considered speculation at this point.

Overall, there is a reason to be concerned about the USDT supply right now. With so many new tokens being added in quick succession, things are not looking great. Then again, the company will hopefully have a decent explanation for this development. Right now, over 564m USDT exist. A staggering amount, to say the very least. Around 70% of those tokens are traded in daily volume right now. The de...

22:58

Socials Promising Development Updates to their Decentralized Social Network NEWSBTC

Some exciting developments from the team over at Social as they released a new blog post via their Medium account yesterday with new screenshots of what they have been working on over the past few months.

Social is a secure and private decentralized social network with an integrated marketplace and ad platform. They currently have a team of four full time developers along with many other support staff. Their goal is to decentralize social networking along with making cryptocurrency purchases and transactions a breeze through their native currency, SCL. Social ran a very successful ICO during August and September, raising a whopping 22,796 ETH.

social

The mockup of the new home news feed is straight to the point and has a very clean and simple to use interface. They even allow connecting your Facebook or LinkedIn profile to find friends on Social that you may already know. Of course, since Social is against centralized based social networks, that is as far as the integrations will go as they have publicly stated that posts on Social will not be shareable to any other social network. They state within many other of their blog posts that their database will be a decentralized solution, so sharing posts to centralized based social networks would defeat the purpose.

social

Definitely one of the more notable and exciting features of Social is their Community page. This is where users on Social can create announcements/news/questions that are publicly accessible by all users. The team stated that they may eventually introduce a rewards based system and allocate SCL to users who are constantly posting popular and unique content inside the Community section of Social, similar to other micropayment solutions like SteemIt. This page could end up being a very popular area for the entire blockchain community.

...

22:30

Bitcoins Encryption Could be Broken by 2027, Claim Singapore Quantum Experts Bitcoin News

Bitcoins Encryption Could be Broken by 2027, Claim Singapore Quantum Experts

Key protocols securing technology undergirding bitcoin are susceptible to attack by the development of a sufficiently large quantum computer, researchers mostly from Singapore claim in a recently-released paper, Quantum attacks on Bitcoin, and how to protect against them (Quantum), made available through the Cornell University Library.

Also read: Is Bitcoin at Risk as Google and IBM Aim for 50-Qubit Quantum Computers?

Bitcoins Elliptic Curve Signature Could be Broken by 2027

One particular area at risk are cryptocurrencies, the abstract notes. We investigate the risk of Bitcoin, and other cryptocurrencies, to attacks by quantum computers. We find that the proof-of-work used by Bitcoin is relatively resistant to substantial speedup by quantum computers in the next 10 years, the paper declares. This, they claim, is mainly because specialized ASIC miners are extremely fast compared to the estimated clock speed of near-term quantum computers.

The good news turns quickly bad, as the elliptic curve signature scheme used by Bitcoin is much more at risk, and could be completely broken by a quantum computer as early as 2027, by the most optimistic estimates, state authors Divesh Aggarwal, Gavin K. Brennen, Troy Lee, Miklos Santha, and Marco Tomamichel (emphasis added).

...

22:16

Max Keiser: Saudi Arabias Bin Talal is Bitcoin Poster Boy Cointelegraph.com News

Saudi Arabias Prince Alwaleed bin Talal $33 bln seized assets make him a decent Bitcoin poster boy.

22:10

Bitcoin Classic Team to Cease Code Support In Wake of 2x Suspension CoinDesk

Proposed bitcoin scaling solution Bitcoin Classic has said it will be closing its doors, touting bitcoin cash as the best alternative.

22:00

Japans Legalization of Bitcoin Led to Rapid Surge in Mainstream Adoption NEWSBTC

The Japanese governments legalization of bitcoin as a currency has led to a surge in mainstream adoption in the country, as major stores, merchants, and retailers have started to accept bitcoin payments.

Exponential Mainstream Adoption of Bitcoin in Japan

Over the past five months, some of Japans largest conglomerates including major budget airline operator Peach, leading electronics retailer Bic Camera, and the nations largest budget hotel chain Capsule have been accepting bitcoin payments by partnering with bitcoin and cryptocurrency exchanges.

The integration of bitcoin by Bic Camera has played a vital factor in triggering the increase in demand for bitcoin as a payment method within Japan, as unlike most countries, electronic retailers process the vast majority of electronics sales in the country, not e-commerce and online platforms.

More to that, several multi-billion dollar conglomerates have launched their own bitcoin exchanges with differing visions. Remixpoint for instance, a major electric grid operator in Japan, created Bitpoint, a bitcoin exchange, to process electricity and other utility bill payments from general consumers with bitcoin.

Currently, Nikkei, a Japanese business and finance news publication, estimates that 4,500 stores accept bitcoin as a major payment method. By the end of 2017, Nikkei revealed that the number could increase by five-fold, to 22,500.

In an interview with CNBC, bitcoin researcher Mai Fujimoto, who is better known as Miss Bitcoin, stated that smart and practical regulations by the Japanese government allowed general consumers in Japan to build trust in bitcoin and the cryptocurrency market.

Many people have bitcoin now, said Fujimoto. Maybe we need time to use bitcoin [regularly] and [in the future] users...

21:57

Genesis Mining With Limited Pre-Sale of Bitcoin Cloud Mining Hashrate Crypto Mining Blog

It seems that due to the peak of price and interest in Bitcoin (BTC) even the largest cloud mining companies like Genesis Mining are having trouble securing enough mining equipment in larger quantities fast in order to satisfy the growing demand. The company has started a limited pre-sale of Bitcoin cloud mining contracts with mining expected to start on 28.02.2018 or roughly more than 3 and a half months from now when you can purchase hashrate. As a regular customer if you want to purchase a Bitcoin mining ASIC from Bitmain you would still need to pre-order with current batches scheduled for early 2018 shipping as well, though you can manage to find some overpriced Antminer S9 units in stock currently for sale as well. Unfortunately alternatives to Bitmain such as Canaans AvalonMiner 741 are also out of stock at the moment and that goes even for the less know and popular Ebit E9 miners as well.

Securing Bitcoin mining hardware or even cloud mining contract for such seems to be not so easy at the moment, and even the GPU mining craze from earlier this year has calmed down and profits through altcoin mining and selling for BTC are not as high and attractive for many users. Aside from Bitcoin cloud mining hashrate the company is also selling Ethereum cloud mining contracts with immediate start and the same goes for Monero and Zcash mining contracts. Currently DASH and Litecoin mining contracts are not available, though we would be extra careful with DASH specially due to the inflow of many new X11 ASIC miners on the market and difficulty skyrocketing on a daily basis. Litecoin has been more active lately and things are moving there as well and the user interest is higher in mining capacity for Scrypt ASIC miners as well as even for cloud mining options.

If you are interested in checking out the current cloud mining offers of Genesis Mining

21:30

PR: Quantstamp and Experty Announce Partnership to Provide Smart Contract Auditing Consultations Bitcoin News

Quantstamp and Experty Auditing Consultations

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Today, Quantstamp and Experty announced their partnership to solve one of the biggest problems currently facing the blockchain industry. Many blockchain companies are using smart contracts, and due to the large amounts of money that pass through them, its imperative that these contracts are secure. Currently, there isnt enough focus on auditing and securing these contracts. Experty and Quantstamp plan to combine their efforts to solve this problem.

With the recent surge of blockchain based startups and ICOs, there is a tremendous need for smart contract auditing. Quantstamp provides this service by securing and auditing smart contracts for its clients. They will be using Expertys cutting edge consultation platform to achieve this. With Experty, Quantstamp eliminates the problems that come with billing clients and dealing with invoice issues. They will be able to efficiently schedule consultations, bill them, and provide the service immediately. The Experty platform provides an automatic payment mechanism to allow instant payment to Quantstamp from its clients. Quantstamp will be able to use voice, video, and group calls to provide the best possible service to their clients.

Experty CEO Kamil Przeorski expressed his excitement about the partnership, stating It is my pleasure to announce the partnership with Quantstamp. We are really excited about the partnership and look forward to working with the amazing Quantstamp team. They are providing a much needed service in the industry and we plan to be a part of that solution in the near future.

Quantstamp will also assist Experty in auditing their own smart contracts. They will ensure Expertys smart contracts are sa...

21:16

Indias Largest Blockchain Network, Auxledger, Backs Cashaa for All India Operations NEWSBTC

Auxledger, an enterprise-grade blockchain infrastructure currently powers over a dozen applications across different state governments of India is partnering with Cashaa to support All India operations.

One of the worlds largest blockchain networks

Auxledger enables organisations to quickly deploy a blockchain network and build their business logic on top of it. Auxledger aims to revolutionise a series of public and private sector use cases in India, including Identity Management, Remittance, Asset Management, Supply Chain, Wearables in Defence, HealthTech, Education, and Finance. Aside live applications, many proof-of-concept programmes have been run over Auxledger by EY, PwC, VISA, IIT Bombay for a range of different use cases.

Auxledger has the support from the State Governments of India and has enormous reach and potential, partnering with Cashaa offers an attractive boost in network effect and value for both platforms.

Auxledger is one of the offerings of Auxesis Group, a global leader in blockchain enterprise solutions who is ranked among the Top 100 Most Influential Blockchain Companies.

Auxesis Group was founded at IIT (Indian Institute of Technology) Bombay, India`s leading University, with which Auxesis partnered since to open India`s first Blockchain Lab.

We are excited to support Cashaa, a proven blockchain use case & technology in India by providing Auxledger infrastructure. Together with the state Govt of India, Auxledgers first implementation holds more than 53 Million Indians till date. Akash Gaurav, CEO Auxesis Group

According to Cashaa Co founder Janina Lowisz Auxledgers live use cases include some of the largest in the blockchain sphere and impacts lives of millions. For Cashaa, Auxledger is the ideal technology for identity management, compliance and banking integration as it is meeting the specifications of BFSI and governments. Our revolutionary technology empowers millions of Indians living abroad who send more than 80 Billion USD every year to India, and more than that, it helps connect the Western population to the advantages of the worlds fastest growing economy with 1.3 Billion people.

Cashaa: Global Banking Platform

Cashaa is currently holding a token sale in order to scale out its platform in order to reach those unable to access existing banking services and to offer a wider range of financial products to its existing customers across the globe.

CoMakery partnership

In addition to the partnership with Auxledger, Cashaa has announced a separate partnership with CoMakery, a US tech innovation...

21:15

Charlie Shrem "Among The First" To Apologize Over SegWit2x Bitcoin Fork Cointelegraph.com News

The botched attempt to upgrade the Bitcoin network via SegWit2x is settling quickly.

21:07

Blockchain Regtech Leader Coinfirm to Launch AMLT Token for Anti-Money Laundering Compliance NEWSBTC

Coinfirm, a global leader in blockchain AML/CTF and compliance is releasing a dedicated token, AMLT, to deliver one of the most needed solutions for blockchain adoption by allowing market participants to help determine the potential risk of others.

Coinfirm has been raising the standards of tech solutions for compliance in the blockchain and financial ecosystem through their AML/CTF Platform. The platform delivered a solution for AML/CTF needs for cryptocurrency and blockchain-related companies that allows for the safe adoption of cryptocurrencies and blockchain by players in the traditional economy. AMLT adds a new level of transparency to the ecosystem by acting as the mechanism allowing entities to rate and provide information on other market participants into the Coinfirm AML/CTF Platform, with AMLT as their reward for the valid data they provided.

Coinfirm already works with world-class partners and clients ranging from major virtual currency players such as Dash and RSK, to leading financial institutions such as SEI. As a key link in bringing virtual currencies and blockchain to the mass market and a wider range of organizations, Coinfirm is introducing AMLT, its dedicated token to build the next step towards ensuring transparency and democratization of the financial system.

The utility token set for sale later this year allows the holder access rights to the Coinfirm AML/CTF Platform as well as a range of prepaid products. AMLT helps build the global standard for AML/CTF compliant blockchain transactions and a secure, transparent and compliant economic system that promotes financial inclusion and fair treatment.

AMLT allows access to a reporting system that builds transparency and democratization into the cryptocurrency ecosystem. It does this by actively involving market participants globally in determining the risk of others in the network. For example, through AMLT, entities in high risk regions can also be evaluated based on the existing relationship and input of other market participants and have their risk lowered due to the positive feedback. Network members such as exchanges or payment processors can provide ratings and data on other market participants and cryptocurrency addresses to enrich data, potentially warn others about ransomware funds and be rewarded in AMLT.

In addition, the blockchain agnostic Coinfirm AML/CTF Platform supports a number of cryptocurrencies such as BITCOIN, DASH, ETHEREUM and ERC20/ERC223 tokens used in ICOs. This will further help with compliance and vital regulations like anti-money-laundering and counter-terrorist financing across the blockchain ecosystem. This supports a major need of the token issuers as well as the banks that want to provide bank account facilities to them.

Widening Financial Inclusion in Cryptocurrency

One of the more important problems that A...

21:00

Stratumn, Deloitte Trial Blockchain Platform with 14 European Insurers CoinDesk

A blockchain trial involving 14 insurance companies and 'Big 4' consulting firm Deloitte is aiming to streamline industry dispatches.

21:00

Jaxx Wallet Finalizes Bitcoin Cash Integration NEWSBTC

There are many different wallet solutions which can support multiple cryptocurrencies. In the case of Bitcoin Cash, this list has been growing steadily. There is always room for improvements in this regard, though. Jaxx is the latest wallet to focus on BCH integration. It is a welcome addition to the ecosystem, to say the least. Whether or not this means BCH will go up in value further, remains to be seen.

Bitcoin Cash is Live on Jaxx

It is important to reiterate Jaxx shouldnt be used for long-term storage. The wallet has a history of not being entirely securely in this regard. It is good for short-term storage, but thats about it for the time being. For those looking for long-term safe storage, be other solutions will need to be found sooner or later. Hardware wallet support for BCH would be pretty interesting, to say the least. All things considered, the Bitcoin Cash ecosystem continues to grow, which is all most people care about right now.

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20:40

Bitcoin Leads Digitalization of Global Monetary System, Finance Industry Cointelegraph.com News

CME chairman Leo Melamed describes Bitcoin as a new asset class.

20:30

XBT Provider Unveils Distribution Plan After Selling 44,471 Bitcoin Cash Coins Bitcoin News

XBT Provider Unveils Distribution Plan for Bitcoin Cash After Selling 44,471 Coins

XBT Provider has announced its plans to distribute the proceeds from the sale of 44,471 bitcoin cash to eligible holders of its exchange-traded notes (ETNs).

Also read: Bitcoin ETN Crosses $100 Million After Unprecedented Demand From Investors, Partners With Xapo

XBT Providers Bitcoin Cash

The Swedish-domicile issuer of bitcoin and ether ETNs, XBT Provider, announced on Thursday its plans to distribute bitcoin cash (BCH) proceeds.

XBT Provider Unveils Distribution Plan for Bitcoin Cash After Selling 44,471 CoinsXBT Provider offers two bitcoin ETNs called Bitcoin Tracker One and Bitcoin Tracker Euro. It also recently launched ether ETNs called Ether Tracker One and Ether Tracker Euro. All four certificates are listed on the Nasdaq Nordic exchange in Stockholm and are currently available for trade in 179 countries.

These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor...

20:23

Bitcoin Price Watch; Heres What We Want To See Today NEWSBTC

The week is pretty much over now and its time to take a look at how action over the last three or four days has brought us to where things trade right now in the bitcoin price in an attempt to try and figure out a strategy moving forward into the European session today and, beyond, into the late US session this evening.

Anybody who has been with us all week will know that we have relished in the volatility that price has presented us this week, given the fact that said volatility often serves up plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy.

However, it can be a double-edged sword.

Sometimes, when we get volatility like this, it is choppy enough to mean that we get repeated stop loss hits and in turn get pushed out of the market frequently.

So, the hope is that we will see continued volatility but also some sustained momentum post-breakout, which will allow us to clear some nice trades as the session matures today.

With this in mind, lets get some levels in place that we can use going forward. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets according to the rules of our intraday strategy. It is a one-minute candlestick chart and it has our range overlaid in green.

As the chart shows, the range we are looking at for the session today comes in as defined by support to the downside at 7180 and resistance to the upside at 7234.

We will enter long on a close above resistance towards a target of 7260. Conversely, we will enter short towards a downside target of 7130 if we see a close below support. Stops on both positions will ensure we are taken out of the trades if things turn against us.

Charts courtesy of Trading View

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20:22

Parity Wallet Continues Investigating $300 Mln Lock as Ambisafe Reports No Losses Cointelegraph.com News

Parity is still attempting to find a solution to the $300 mln in ETH locked up by accident.

20:00

Ethereum to ICOs: You're Doing It Wrong CoinDesk

Ethereum devs have harsh words for many ICO launches, but outline the steps issuers can take to make their projects less sketchy.

19:43

NEO ABOVE $30 RESISTANCE ZONE AS SEGWIT 2X IS PUT OFF (November 10, 2017) NEWSBTC

After impressive rallies, alt coin DASH and Monero are testing critical resistance levels. Of course this pump is largely because of that aborted Bitcoin Segwit 2X hard fork after lack of consensus. Should price action close above these levels, then we expect more bull pressure to build up. Here is a review of other alt coin price action.

ALT COIN NEM BROKE ABOVE RESISTANCE $0.20

alt coin NEM Daily chart NEMUSD Daily Chart for 10.11.2017

Alt coin NEM bullish momentum continued after November 9 surge and close above $0.20. Because of NEM breaching the 20 period MA and the main support line, testing of this bullish momentum was necessary.

The resulting bullish confirmation moved NEM $0.05 to the upside and tested the main resistance trend line at $0.23. In sync with our prediction, the lower limit of the bull target at $0.22 has been hit as a result.

Should alt coin NEM bulls extend their rally and price close above $0.22, the upper limit at $0.25 looks feasible.

ALT COIN DASH DASH IS TESTING $335 THE LOWER LIMIT OF RESISTANCE ZONE

alt coin DASH Daily chart DASHUSD Daily Chart for 10.11.2017

Because there is a break above resistance line at $300, alt coin DASH bulls are rallying. Bull momentum is high and alt coin DASH price action is trending along the upper band of the diverging BB.

Pasting the Fibon...

19:30

It is Highly Inaccurate to Describe Bitcoin as a Bubble, Heres Why Cointelegraph.com News

Analysts are quick to claim that anything is a bubble, given its rapid increase in value and exponential growth rate. But was it true with Amazon, Tesla and Bitcoin?

19:00

BitGo Engineer: Customers are Saving $100,000 in Bitcoin Fees Due to SegWit NEWSBTC

Jameson Lopp, a prominent bitcoin developer and lead engineer at BitGo, revealed that some of the largest customers using bitcoin and blockchain security services of BitGo are saving as much as $100,000 on a monthly basis in transaction fees due to SegWit.

Does SegWit Actually Decrease Transaction Fees?

By reducing the size of bitcoin transactions, SegWit decreases fees by at least 35 percent, as major bitcoin hardware wallet manufacturer Ledger revealed.

When computing a Segwit signature, the previous transactions do not need to be processed by the device, and each input is only processed once during the signature process, leading up to a 60% time optimization in the signature process. Segwit introduces the concept of block weight which changes the way the transaction size is computed by splitting the signatures in a different area you can typically save 35% of the fee paid when sending a transaction immediately, explained the Ledger development team.

Bitcoin users depending on SegWit-enabled platforms such as Ledger, Trezor, and ShapeShift likely have experienced substantial decrease transaction fees and overall optimization of the bitcoin blockchain over the past few weeks. Most recently, ShapeShift became one of the leading bitcoin service providers and exchanges to integrate SegWit, which has had a major impact on the adoption of SegWit as ShapeShift processes around three percent of the bitcoin networks transactions.

Transaction fees of bitcoin are still high because the adoption of SegWit has been stalled by major bitcoin and cryptocurrency businesses that have not integrated SegWit upon its release. Unlike Ledger and Trezor, some of the most widely utilized bitcoin wallet and trading platforms such as Blockchain and Coinbase have not implemented SegWit.

Blockchain CEO Peter Smith Does Not See Scaling in SegWit

Earlier this week, Peter Smith, the CEO at Blockchain, the most popular bitcoin wallet platform in the bitcoin industry, criticized the centralization of bitcoin and expressed his unenthusiastic stance towards SegWit.

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19:00

Ethereum Classic Price Technical Analysis ETC/USDs Steady Uptrend NEWSBTC

Key Highlights

  • Ethereum classic price is in a slow and steady uptrend above the $14.50 level against the US Dollar.
  • This weeks highlighted major bullish trend line with current support at $14.40 is intact on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair might continue to move higher and it will most likely break the $15.20 resistance.

Ethereum classic price is slowly moving higher against the US Dollar and Bitcoin. ETC/USD might soon break $15.20 for more gains.

Ethereum Classic Price Trend

This week, we saw an upside break above $13.00 in ETC price against the US Dollar. The price was even able to break the $14.00 and $14.50 resistance levels. A new high was formed above the $15.00 handle before the price started a downside correction. It traded sharply lower and moved below the $14.00 handle. However, the downside move was limited by the $13.20 support area.

ETC price is now again moving higher and is trading above the 50% Fib retracement level of the last decline from the $15.16 high to $13.20 low. The best part is the fact that this weeks highlighted major bullish trend line with current support at $14.40 is intact on the hourly chart of the ETC/USD pair. The pair is placed well above $14.50 and the 100 hourly simple moving average, which are positive signs. As long as the pair is above $14.00, it is likely to move back above $15.00.

Ethereum Classic Price Technical Analysis ETC USD

It could even break $15.15 and $15.20 for more gains toward $15.50 in the near term. Later, the price might trade towards the $16.00 handle during the coming days. Therefore, the overall trend is positive above the $14.40 support in the short term.

Hourly MACD The MACD for ETC/USD is placed well in the bullish zone.

Hourly RSI The RSI for ETC/USD is currently well above the 60 level.

Major Support Level $14.40

Major Resistance Level $15.20

 

Charts courtesy ...

18:45

ETH/USD and ETH/BTC Technical Analysis November 10 2017 NEWSBTC

ETH/USD

Ethereum has finally done it, breaking above the $316 level. This is very likely going to be the beginning of a rally towards the $350 level, so therefore I think that short-term pullback should be buying opportunities and the $310 level should offer support. We are a little bit overbought at this point, so look at pullbacks as opportunities to go long.

ETH/BTC

Ethereum rallied against Bitcoin as well, reaching towards the 0.045 level. We are in overbought territory when it comes to the stochastic oscillator, so I think we could see a bit of a pullback and a move towards the 0.04 level underneath again. If we were to break out to the upside, I suspect that there is even more resistance at the 0.05 level, so I would only be more interested in selling to the upside of here.

Thanks for watching, Ill be back tomorrow.

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18:00

CSD Blockchain Consortium Advances Work on Proxy Voting System CoinDesk

A blockchain consortium backed by a group of CSDs is pushing ahead with plans to develop a distributed ledger-based proxy voting system.

17:30

Ripple Price Technical Analysis XRP/USD Eyeing Upside Break NEWSBTC

Key Highlights

  • Ripple price is placed well above the $0.2150 support and eyeing further gains against the US Dollar.
  • There is a new connecting bullish trend line forming with support at $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is likely to move higher and it could even break the $0.2250 resistance in the near term.

Ripple price is eyeing more gains against the US Dollar and Bitcoin. XRP/USD might break higher above the $0.2250 level to test $0.2300.

Ripple Price Support

It seems like Ripple price is forming a decent support base above $0.2150 against the US Dollar. The price even settled above the $0.2180 level and recently traded as high as $0.2240. After trading near $0.2240, the price started a downside correction and traded below the 23.6% Fib retracement level of the last wave from the $0.2000 low to $0.2240 high.

The downside move was limited since the $0.2120 support held losses. Moreover, the 50% Fib retracement level of the last wave from the $0.2000 low to $0.2240 high acted as a major support. It seems like there is a new connecting bullish trend line forming with support at $0.2180 on the hourly chart of the XRP/USD pair. The pair is following the trend line and is currently placed above the $0.2200 level. It might soon gain pace and attempt an upside break above the $0.2250 level in the near term.

Ripple Price Technical Analysis XRP USD

The next upside hurdle is near $0.2300 where sellers might appear. On the downside, the $0.2150 support is important along with the trend line. Only a close below $0.2120 would call for a test of the next support at $0.2000.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is attempting to move back in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is above the 50 level and heading higher.

Major Support Level $0.2180

Major Resistance Level $0.2250

 

Charts courtesy ...

17:30

DASH/USD and LTC/USD Technical Analysis November 10 2017 NEWSBTC

DASH/USD

DASH broke out during the session on Wednesday, and Thursday was more of the same. We have reached towards the $340 level, and then pulled back slightly. I believe in buying these dips, and I also recognize that we are now exiting a reasonably strong consolidation area with upward momentum. I believe that adding on dips will be the way to go over the next several sessions, as DASH should continue to work its way towards the $350.

LTC/USD

Litecoin has also rally during the day after initially dipping down to the $56 level. However, on the 4-hour chart we had formed a hammer, suggesting that the support is most certainly still there, and has been confirmed. I believe that Litecoin continues to be a buy on the dips scenario, and that we should continue to go much higher, with the next major resistance level showing itself at the $70 handle.

Thanks for watching, Ill be back Monday.

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16:44

The NAU platform will create a customer-retailer connection without intermediaries NEWSBTC

The platform has started its pre-ICO. The goal of the project is to eliminate the need for middlemen and create a win-win situation for the customer-retailer pairing. Business owners will be able to attract customers directly, without having to overpay for services and intermediaries. Consumers will have the liberty of choosing exciting offers and can gain rewards for referrals.

Its a matter of principle for business to be able to attract new clients, there are many instruments with varying effectiveness that can be used in order to realize this. Media, contextual, targeting, and banner marketing techniques require a significant amount of resources in favor of middlemen, while the results are difficult to count up. Additionally, growing competition is driving expenses up.

One of the more appealing marketing techniques is the CPA model because retailers only have to pay for clients that were actually attracted to the business and it is easy to calculate and predict results. However, there are currently no efficient platforms for advertising as per the CPA model. Coupon aggregators could have taken the call to action, yet, their owners are only interested in chasing profits, and as a side effect theyve created conditions under which retailers were forced to pay hefty fees as well as make discounts that were too large. Thus, it became ineffective to take this route.

So an issue has formed in the market where a significant portion of funds that were supposed to be used for advertising ended up in the hands of middlemen. While clients have no interest to refer their friends as well as people from their social circle to retailers.

Discounts and bonuses have always been attractive to consumers, and retailers really like the CPA model.The market needs a universal platform that can unite consumers and retailers under the CPA model which is favorable for businesses and with provides rewards for consumers, without intermediaries.

The goal of NAU is to rework the idea of coupons and create a completely new marketing reality. The platform will establish a direct connection between customers and retailers and will provide a great deal of motivation for users to refer others to the platform independently. Full transparency and security of the platforms operations will be achieved thanks to Blockchain technology.

The NAU platform will function like so: A retailer creates a special offer for clients and establishes a price, which he will pay every time the offer is used. An interested client finds the offer on a map through the mobile application or filters. Platform users that have referred a new client, will receive 95% of the price that was established by the retailer. The other 5% will be received by the NAU platform.

This solution creates a lot of motivation for NAU users to attract new participants to the platform, which will inevitably lead to a viral effect in the consumer community. Event...

16:35

Who remembers 2013? Bitcoins First Amazing Bull Run NEWSBTC

For me, 2013 has long stayed in my memory as a year that affected me personally a year where one key event happened which impacted me directly.  Looking back on it now though it seems that history has repeated itself.

Firstly, though he wasnt a new President, Obama was sworn in for his second term in the White House and once again this year we saw a new POTUS take charge.  Secondly, we also had a North Korean nuclear test that year, causing outrage but not to the extent that leads to the heated exchanges of words which we saw this year. We also had a number of catastrophic storms back in 2013 with the tornado in Moores, Oklahoma being particularly devastating.

But there were two things in particular that come to mind that are a carbon copy of 2013, one is the ever-approaching potential shut down of the US Government in December and the second is the incredible bull run of bitcoin.

2013- The Year of The Bitcoin

In 2013, the now infamous cryptocurrency was only 5 years old, but this was the time it first started to gain real attention from the market.  In January 2013, Bitcoin was trading around $12.15 per coin and had yet to show up on anyones radar. Then a financial crisis occurred in March which kick-started an incredible run for the remainder of the year.

In March 2013 a financial crisis gripped the small Mediterranean island of Cyprus, where the country needed to request $13billion bailout from the European Union and the International Monetary fund.  However, the terms of the rescue package were that Cyprus Central Bank had to raise $7.5 billion by taxing bank deposits. Cash restrictions on the populous were implemented to avoid a potential bank run and large depositors ended up losing as much 10% of their held capital. One of the major retail banks was forced to close and banks across the country followed suit for a number of weeks. Living in Cyprus as I do, and did at the time, this period was no pleasant experience.

An Alternative?

Despite Cyprus only having a population of under 1 million, these events caught the attention of the media all over the globe and was in many a headline. But it also caused people to take note of the potential of bitcoin.  Due to what had happened with the Cypriot Banks, bitcoin started to gain in popularity due to the fact that it was unregulated, and no government or bank could touch it. At the beginning of March, that year Bitcoin was already outperforming most traditional currencies and trading at around $32.20 per coin, by the end of March following th...

16:33

BTC/USD and BTC/JPY Technical Analysis November 10 2017 NEWSBTC


BTC/USD

Bitcoin fell slightly during the trading session on Thursday, reaching towards the $7000 level. However, this area has offered a significant amount of support, has a certain amount of psychological importance to it, and it looks as if the stochastic oscillator is ready to turn to the upside again. Because of this, I suspect that the buyers are going to return, as we simply grind between the $7000 and $7600.

BTC/JPY

Bitcoin fell a bit during the day against the Japanese yen as well. The 800,000 level looks very likely to offer support again, especially considering that the stochastic oscillator is looking to turn around and rally a bit. I think we will go looking towards the 880,000 level above, which has been resistance. A break above there is a signal to start adding to a long position.

Thanks for watching, how be back tomorrow.

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16:00

EU Officials Reveal 5 Million 'Blockchains for Social Good' Contest CoinDesk

The European Commission launched its "Blockchain for Social Good" contest Thursday, announcing a 5 million prize for the winner.

16:00

Ethereum Price Technical Analysis ETH/USD Uptrend Intact NEWSBTC

Key Highlights

  • ETH price moved higher yesterday above the $325 level against the US Dollar.
  • There is a major ascending channel forming with current support at $312 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price is currently approaching the $312 support area which should hold the downside move.

Ethereum price made a nice upside move against the US Dollar and Bitcoin. ETH/USD remains in an uptrend with support as $312.

Ethereum Price Support

There were further gains in ETH price above the $308 level against the US Dollar. The price moved above the $315 ad $320 resistance levels to trade as high as $327.28. Later, it faced sellers and started a downside move below the 23.6% Fib retracement level of the last wave from the $304.23 low to $327.28 high. The current wave seems to be a part of a correction towards $312 or even $305.

At present, the price is trading near the 50% Fib retracement level of the last wave from the $304.23 low to $327.28 high. Moreover, there is a major ascending channel forming with current support at $312 on the hourly chart of ETH/USD. The channel support is likely to act as a major support area above $310 in the near term. If there is a break below $310, the price might even test the $305 support.

Ethereum Price Technical Analysis ETH USD

On the upside, the $321 level is an initial resistance. However, the main hurdle for buyers seem to be around $325-327. A close above $327 would open the doors for more gains toward the $340 level in the near term. The current structure is positive as long as the price is above $312 and $305. Only a close below $305 would negate the current bullish bias.

Hourly MACD The MACD is slightly reducing the bullish slope.

Hourly RSI The RSI is currently near the 50 level.

Major Support Level $312

Major Resistance Level $325

 

Charts courtesy ...

16:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.0001 BTC = 0.68 USD
1.00 USD = 0.0001 BTC
Converter

15:42

Heres What Ryan Fugger of Ripple Notoriety Is Working on Now NEWSBTC

The cryptocurrency space is nearly a decade old and, from its beginnings as a fragmented sector, it has grown to include hundreds of incredibly successful companies, many of which play a crucial role in the framework that underpins the industry in its current iteration.

Many of these companies were started and run by individuals now seeking to expand their influence in the space. Keeping track of what the success stories of the last five years are doing today, can be a great way to identify the potential for success of various companies going forward, which, in turn, can be a great way to identify promising ICOs.

One individual, weve been watching closely is Ryan Fugger, founder of Ripple, and hes just revealed his cards as to what hes working on next.

Before we get into what hes doing, and for anyone thats not yet familiar with him, lets quickly introduce Fugger.

Ryan Fugger, as mentioned, founded Ripple. Ripple is a payment protocol that is designed to allow banks to send real-time international payments across networks. Just like Bitcoin, its based on a decentralized ledger and the transaction process is similar in nature to that which underpins Bitcoin, but unlike Bitcoin, Ripple allows for inter-ledger transactions.

So, subsequent to the concept and creation of Ripple as a payment protocol, spearheaded by Fugger, Ripple the company was founded to serve as a sort of enterprise front for the protocol.

From concept to current state Ripple attracted considerable investment from some of the biggest names in tech  Andreessen Horowitz, Pantera, Google, IDG and has recently attracted attention from the financial world (at which the concept is targeted), picking up funding from Santander, Accenture and Standard Chartered.

In June last year, the company was named as one of Fortunes five Hottest Companies in Fintech.

So after all this success at Ripple, whats Fugger doing now?

Hes now serving as an Advisor to a company called Clout. Clout is a blockchain and cryptocurrency-focussed media platform thats set up in a similar fashion to a social media sharing platform like Reddit.

Users create and submit content, which is then consumed and ultimately assessed by other users. On the back of their assessment of the content being shared or submitted, the users that are doing the consuming can reward the content (and the users that created or shared it) with a token called CLC. CLC is issued on a one for one basis with another token called CLOUT, which is the companys ICO token (the ICO is happening right now and you can take part here) and will also be tradable (post-ICO) over the various cryptocurrency exchanges that exist in the market today.

So what sets Clout apart from the above-mentioned platforms? In other words, what...

15:13

How Blockchain and Big Data Can Discover Human Personality through Human Science Studies NEWSBTC

Ive been passionate about technology since 2002. In 2014, I found out that my expertise could bring real value to people in the intersection of edtech and science when I cofounded GetCourse together with Marat Nigametzyanov and Sergey Mikhailov.

Timur, blockchainTimur Karimbaev

It is analogue of OntraPort and Kajabi, where trainers and coaches could develop and promote their courses. We help more than 1000 trainers to monetize their knowledgetheir accumulating revenue is up to $50MM. Average CAGR is 193% per year and its revenue is $6MM. Blockchain technology together with Big Data will bring us one step further in providing people with smart tools for their personal development.

At GetCourse, we see two trends that are in line with global tendencies and the problems arising from them. And there are no solutions for them on the market.

First, the demand for tools for personal development is growing. At GetCourse, revenue of self-improvement courses has increased by 300% from $2MM to $6MM from 2014 to 2016. Globally, Facebook collects an enormous amount of data when asking users to pass various tests. It offers users recommendations, but in fact, it gains data. At the same time, professional methods of personality analysis are disordered and often poorly described, and data that their authors collect is getting lost. Neurobiologists, psychologists, and consultants conduct research on how the brain works, how to typologize people, and develop various methods of human personality analysis, discovering ones strengths and weaknesses to find out peoples potential. Lack of data is a huge problem for scientists in working on their studies.

Second, there is a growing gap between researchers in human personality and tech-entrepreneurs who are developing products for the market. The number of self-improvement apps (For e.g., Remente and PersonalityPerfect, which ask you to assess your life and provide you with recommendations) is growing, but their creators do not have the opportunity to objectively evaluate what personal da...

15:08

Bitcoin Cash Price Technical Analysis BCH/USD Eyeing $750? NEWSBTC

Key Points

  • Bitcoin cash price is gaining pace and it recently moved above the $680 resistance against the US Dollar.
  • Yesterdays highlighted major bearish trend line with current resistance at $645 was broken on the hourly chart of BCH/USD (data feed from Kraken).
  • The price is now eyeing an upside break above $700 for a move towards the $750 level.

Bitcoin cash price is surging higher towards $720-750 against the US Dollar. BCH/USD is now well above $650, which is a positive sign.

Bitcoin Cash Price Support

There was a nice upside move initiated during this week above $620 in Bitcoin cash price against the US Dollar. The price gained pace recently and was able to move above the 61.8% Fib retracement level of the last decline from the $682 high to $561 low. It has opened the doors for more gains and the price recently moved above $640. There was even a break above yesterdays highlighted major bearish trend line with current resistance at $645 on the hourly chart of BCH/USD.

The pair also broke the $682 swing high, which means there are chances of it breaking the $700 level soon. It could even test the 1.236 extension of the last decline from the $682 high to $561 low at $714.9. If buyers remain in control, the price could even break $720 for further gains in the near term. Additional upsides should call for a test of the $750 level.

Bitcoin Cash Price Technical Analysis BCH USD

On the downside, the broken resistance near $650 may now act as a support. Moreover, the $640 and $620 levels are now strong supports and can be considered as buy zones in the short term.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD is gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is currently near the overbought levels.

Major Support Level $650

Major Resistance Level $715

 

Charts courtesy Trading View, Kra...

15:00

Pundi X ICO backed by angel investors including NEM President and OmiseGo investor NEWSBTC

Jakarta, Indonesia November 8, 2017 Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, is pleased to announce several key appointments to strengthen its roster of angel investors and advisers including Professor David Lee Kuo Chen, a Stanford scholar and angel investor in OmiseGo and Kyber; Lon Wong, NEM Foundation founder and president; and Kenneth Oh, senior partner at law firm Dentons Rodyk and TenX advisor.

We are very fortunate to have new active investors with experience in the development of some of the most successful blockchain ventures to date including NEM, OmiseGo, Kyber and TenX, said Zac Cheah, CEO of Pundi X. Having them on board is a testament to the potential for Pundi X to reach the goal of bringing cryptocurrencies and services to the next billion people across Asia and beyond.

Professor David Lee is often credited as a driving force behind OmiseGos record ICO that sold out before it had even started. He is a visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain at SUSS. In addition to starting several companies, he is an active cryptocurrency and digital finance scholar, speaker, advisor and investor. Professor Lees previous investments include ZCash, Qtum, TenX, InfoCorp, Cybex, Netki, Bloq, HelloGold, Scry and Stack.

Lon Wong oversees the development and strategic growth of the NEM.io Foundation which was created for the promotion, adoption and support of NEM blockchain technology around the world. This open source technology utilizes advanced cryptography to execute transactions that can be used by both private and public enterprises. NEMs native cryptocurrency, XEM, is ranked in the global top 10 by market cap, according to Coinmarketcap.com.

Kenneth Oh is a senior partner in the Dentons Rodyk and Davidson corporate legal practice in Singapore. He is also a partner in the firms China and Indonesia practices, advising companies such as TenX on business structure and on legal, contractual, tax, intellectual property, corporate finance and regulatory aspects of their cryptocurrency token sale.

Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion by enabling wide cryptocurrency adoption thanks to their POS smart device.

The Pundi X POS (Point of Sale) device enables anybody to buy, sell and use cryptocurrencies to pay for goods and services in retail stores as well as to access financial services, making them available to the large unbanked population in developing markets for the first time.

Pundi X will first deploy the POS device in Indonesia by building on the companys existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outl...

14:51

Thai Bank, IBM Complete Joint Blockchain Pilot to Augment Contract Management Process Cointelegraph.com News

After months of collaboration, both the bank and IBM are satisfied with the results. They agreed that the pilot has resulted in improved transparency, data security, and general operations.

14:41

Bitcoin Price Technical Analysis for 11/10/2017 Double Top Sighted? NEWSBTC

Bitcoin Price Key Highlights

  • Bitcoin price had a tough time sustaining its climb after hearing news of the hard fork suspension.
  • Price has retreated to its levels before the news broke out, creating a double top pattern.
  • This is a classic reversal signal but bitcoin price has to break below the neckline to confirm the drop.

Bitcoin price has formed a classic reversal pattern on its 4-hour time frame as bearish pressure could kick back in.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside, which means that theres a stronger chance for the rally to continue than to reverse.

Stochastic is also pulling up from the oversold region to signal a return in bullish momentum. A bullish divergence is also evident as the oscillator formed lower lows while price had higher lows since November 6.

RSI is treading sideways on middle ground to reflect further consolidation. If it points back down and heads south, bitcoin price might follow suit. The neckline is located around $7000 and the chart pattern is around $1000 tall so the resulting selloff could be of the same height.

Market Factors

There were some signs of relief when the hard fork uncertainty was lifted on the upgrade suspension, but this is still likely to happen at some point in the future. It also leaves the cryptocurrency without the ability to handle more transactions and benefit from the upgrade.

Meanwhile, the dollar is under pressure on setbacks to tax reform. The versions from the House and Senate have huge differences that arent likely to be resolved before the end of the year.

Strengthening bitcoin volumes in Japan and South Korea could continue to prop it higher, barring any major issues related to the upgrade or hard fork. Dollar action could still continue to take its cues from tax updates.

...

14:38

Canadas York Regional Police Warn Against Bitcoin Tax Scam Cointelegraph.com News

The perpetrators, who claimed to be employees of the Canada Revenue Agency (CRA), allegedly issued threats of possible arrest to the victims for unpaid taxes if they fail to send funds through Bitcoin automated teller machines (ATM).

14:33

Cryptocurrency takes centrestage at Wonderfruit "IndyWatch Feed Economics"

Asias biggest party features organic farms, water filtration systems for refilling and carbon offsets by planting mangrove trees. This year, it takes sustainability to the next level with cryptocurrency.

14:30

Governments Not Taking Bitcoin Disruption Lightly, Says Citigroup CEO Bitcoin News

Governments Not Taking Bitcoin Disruption Lightly Says Citigroup CEO

While Wall Street heavies publically shamed bitcoin and its users, Citigroup is taking a more nuanced approach. In a wide-ranging interview at a futuristic conference in New York City, its CEO describes in detail how his firm, the fourth largest bank in the United States by total assets, just behind Wells Fargo, Bank of America, and JP Morgan Chase, will confront the worlds most popular cryptocurrency, bitcoin.

Also read: Chicago Options Exchange Getting the Bitcoin Bug: We Believe says President

You Wont Hear [Citigroup] be Dismissive

For the last few years, The Year Ahead Summit at Bloomberg headquarters has drawn among the most important members of the worlds financial community. The day 8 November 2017 was no different, as Citigroup Inc. CEO Michael Corbat sat with Erik Schatzker to look toward 2018.

Mr. Schatzkers very first question was about bitcoin. For the moment, stock market valuations, equity prices, treasuries, the overall world and US economies, were shoved aside in favor of a topic dominating industry conversation, cryptocurrency.

...

14:07

Tomatoes are Next Product to Experience Blockchain Revolution Cointelegraph.com News

A dedicated tomato tracking Blockchain implementation is gaining traction, founded by ex-finance players.

13:40

Comcast's Blockchain Patent Filing Highlights Data Use Case CoinDesk

Telecom giant Comcast filed for a patent outlining a blockchain-based database meant to store customer viewing habits and identifying data.

10:30

First and Last Man Standing Against BitCOiN (Video) "IndyWatch Feed Economics"

First and Last Man Standing Against BitCOiN Video Truth Never Told Video Source

The post First and Last Man Standing Against BitCOiN (Video) appeared first on The Daily Coin.

10:00

More Charges Filed Against Trader Who Used Bitcoin to Conceal Fraud CoinDesk

A Philadelphia day trader was formally indicted for money laundering using bitcoin, among other crimes.

09:50

Gold, Bubbles, S&P 500, and Currency Wars "IndyWatch Feed Economics"

Gold, Bubbles, S&P 500, and Currency Wars by Gary Christenson  Deviant Investor From John Rubino: Well Look Back At This And Cringe Millions of people out there still bear the psychic scars of buying gold at $800/oz in 1980 or a...

The post Gold, Bubbles, S&P 500, and Currency Wars appeared first on The Daily Coin.

09:35

LTC/EUR Breaks Above Ichimoku Cloud, While Bitcoin Pulls Back NEWSBTC

It looks like Bitcoins cousins, Litecoin and Ethereum are getting their groove back. Meanwhile, Bitcoin may have finally hit a temporary ceiling. LTCEUR rode on a three-day bullish wave. You know how much I love analyzing the market sentiment using the Ichimoku Kinko Hyo. So lets dig in and see whats next for our favorite cryptocurrencies.

LTCEUR Crosses Above Ichimoku Cloud

After two whole weeks of consolidation inside the clouds daily setup, LTCEUR finally confirmed above the cloud on Thursday. Not only that, the Kijun line appears to just be crossing above the Tenkan line.

LTCEUR-Daily-Chart-Ichimoku-Fibonacci-AnalysisLTCEUR-Daily-Chart-Ichimoku-Fibonacci-Analysis

The downside of this fairy-tale story is that LTCEUR is now hit by the 23% Fibonacci resistance level at 57.92. The future cloud is slightly bullish but mostly flat. Now market participants are looking to see if the 23% Fibonacci holds.

Whats Going On in Litecoins World?

As I mentioned in my Tuesday video, the Litecoin rally started one week after South Korean Exchange, Coinone, added the cryptocurrency to its platform.

The exchange has reportedly processed $3.2 million worth of Litecoin in the first 24 hours of trading the cryptocurrency.

Coinone is one of the biggest cryptocurrency exchanges in the country. Korea is in fact, the worlds third-largest cryptocurrency market.

So the recent surge could be fuelled by the volume the exchange brought about by offering trades in Litecoin versus South Korean currency. Volumes on Bithumb, one of the biggest exchanges in South Korea, have also gone up.

However, this may not be the only reason why Litecoin price is going up.

Bitcoins cousin may be seen as a safe haven for market participants amid the uncertainty surrounding the Segwit2x hard fork. With that, lets see what Bitcoin has been up to.

Bitcoin Pulls Back aft...

09:30

Cracks Appear as Critics Label Bitconnect a Ponzi Scheme Bitcoin News

Cracks Appear as Critics Label Bitconnect a Ponzi Scheme

To its founders, Bitconnect is an open source, peer-to-peer, community-driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. To its critics, Bitconnect is a pyramid scheme that rewards early adopters and leaves stragglers holding their bags. While cynics might argue the same of many cryptocurrencies, evidence is mounting that Bitconnect is guilty of greater malfeasance.

Also read: A Closer Look at How Three of the Biggest Scamcoins Lure Its Investors

A P2P Ponzi?

Accusations of scam coin are tossed about readily in crypto, with even such robust institutions as Dash not immune from the pejoratives. Pre-mining an overly-generous amount of coins and directly scamming investors are two very different matters, however. In recent weeks, cracks have started to appear in the dam holding together Bitconnect which suggest that all is not as it seems.

After launching in 2016, the market cap of Bitconnects BCC currency swiftly rose to $2 billion, placing it in the crypto big league. Its since plummeted to a quarter of its ATH, and, in a widely shared tweet from Vitalik Buterin, the Ethereum chief deployed the word that every enterprise dreads ...

09:22

The ICO Big Bang of 2017 10 ICOs a day now appearing according to leading ICO research house NEWSBTC

Astronaut, a currently-running ICO that seeks to create and manage an ICO basket of investments along the lines of a conventional mutual fund model borrowed from traditional finance, has indicated that its own research points to ten new ICOs currently coming to market each day.

That figure, derived by ICO research house Picolo Research, which underpins the Astronaut project, appears to consolidate observations made by other, similar outfits which indicate that the numbers of ICOs is continuing to grow at an accelerating rate.

Currently, in the absence of a regulatory framework, no body public or otherwise can collate accurate statistics on the subject with any high degree of confidence. However, one study, conducted by another ICO research platform, ICO Examiner paints a very clear picture of the current exponential growth in numbers of ICOs coming to market.

From mid-2016 to the end of the same year, there were just over two dozen ICOs sourced by the study. On the other hand, according to that same article, more than five times that number were observed as coming to market for the first week of October 2017 alone.

Fraud and Opportunistic Token Issues a Growing Concern

Despite the current bans imposed by both the Chinese and South Korean governments, and even with clear warnings being issued to the public by the SEC who themselves are pushing for ICO issues to come under the banner of formal security investments and thus make ICOs liable to legislation already in vigor the volume of ICO investment has itself continued to grow unabated in a manner that mirrors the growth of ICO numbers themselves.

According to CoinDesk, the first quarter of 2017 saw combined ICO investments amounting to just under $40 million USD. That figure rose to a staggering $1.7 billion USD by September.

The concern, of course, is that ICOs are now becoming poles of attraction not only for fraudsters but for legitimate actors with weak business models that are managing to attract funding from less discerning investors.

One ICO, PlexiCoin, is seeking over $400 million USD in a bid to become the worl...

08:28

08:05

GE Patent Filings Hint at Blockchain Role in Aircraft Management CoinDesk

New patent filings from General Electric suggest that it is looking at blockchain as part of a wider aircraft monitoring and maintenance system.

07:56

Coinsilium signs Memorandum of Understanding (MoU) with UMT United Mobility Technology AG NEWSBTC

Coinsilium Group Limited (NEX:COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that it has signed a Memorandum of Understanding with UMT United Mobility Technology AG (UMT), a German company listed on XETRA, a trading venue operated by the Frankfurt Stock Exchange, and specialised in the development and implementation of individual mobile payment and blockchain solutions for large-scale customers such as PAYBACK (American Express Group).

Highlights:

  • MoU signed with mobile payments specialist, UMT United Mobility Technology AG;
  • Coinsilium and UMT to collaborate in the development of blockchain technology for mobile payments services focused on the B2C market;
  • Explore the use of digital tokens as a medium of exchange for mobile payments; and
  • Targets commercial agreement with UMT.

Under the MoU agreement, Coinsilium will, for a period of 3 months, work with UMT to explore the potential to develop a B2C solution for a blockchain-based digital token to function as a medium of exchange specifically focused on mobile payments. Both parties believe there are a number of opportunities to explore the development of blockchain technology solutions for mobile payment services and in the structuring of digital token offerings.

Coinsilium will also aid UMT in evaluating and determining the economic characteristics, token models and other specific properties required for a potential token sale.

Eddy Travia, Coinsiliums CEO commented:  We are delighted to announce this MoU with UMT AG and we look forward to working with them in establishing the terms for a mutually beneficial commercial agreement in the near term. UMT is a major player in the European mobile payments arena with partnerships with major names such as PAYBACK (American Express Group).

Our combined experience in the blockchain space makes us well placed to create innovative, reliable and safe solutions for the mobile payments industry.  Our advisory teams expertise, gained over many years, is pivotal to attracting and securing collaborations with quality partners such as, UMT.

UMT has also advised Coinsilium that it currently holds 3,288,000 shares in Coinsilium Group Limited (NEX: COIN) representing 3.04% of the issued share capital of the Company, excluding treasury shares.

The Directors of Coinsilium Group Limited take responsibility for this announcement.

About Coinsilium

Coinsilium is a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies. It does this through its consortium of top-tier investors, industry thought leaders and executive managers.  Based in London, Coinsiliums focus is on driving innovation in fintech and blockcha...

06:35

Bitcoin Gold Sets Sunday Date for Cryptocurrency Release CoinDesk

Bitcoin Gold could launch as early as Sunday, per an announcement from its development team.

06:30

Bitcoin Cash Markets Remain Resilient As the Networks Upgrade Approaches Bitcoin News

Bitcoin Cash Markets Remain Resilient As the Network's Upgrade Approaches

Its been a crazy week for cryptocurrency enthusiasts as the digital asset ecosystem is still reeling over the canceled Segwit2x fork that was expected to take place on the Bitcoin network next week. Over the course of the past few weeks leading up to the planned 2MB Segwit2x hard fork, Bitcoin Cash (BCH) markets have doubled in value after hovering around $300 per BCH for weeks. Now the market has stabilized around the $625 region as the BCH network participants prepare for their own fork thats just four days away.

Also read: Bitpico Claims Segwit2X is Still Alive Despite All Evidence to the Contrary

Bitcoin Cash Network and Markets Remain Vigilant After the Canceled BTC Fork Event

...

06:00

Bugs Freeze Accounts Holding $280m worth of Ethereum Tokens NEWSBTC

Ethereum is no stranger to coding crises and wallet mishaps; remember the bug back in July that allowed $30 million of Ether to be stolen from a popular Ethereum wallet client? Well it has happened again, and to the same Parity wallets that were compromised earlier this year.

A vulnerability resulted in the freezing of money in all Parity multi-signature wallets deployed after July 20th when a developer accidentally hit a vulnerable patch of code. Some estimates are as high as $280 million in Ether that can no longer be accessed or used by Parity users.

The company has been battling to recover its reputation from a previous code breech which allowed hackers to steal 150,000 ETH in July. The original embezzlement would have been a lot worse were it not for the actions of white hat hackers who helped to recover an additional 377,000 ETH.

Following Julys hack the company issued a patch for the exploit deploying a new library contract with the intention of fixing it. The new code contained another flaw which converted the wallet to a multi-sig wallet which can have ownership taken over.

The parity team made this blogpost to explain the situation:

The company went on to state that no funds can be moved out of the multi-sig wallets and $152 million in Ether is believed to have been frozen.

Memories still linger from Ethereums darkest days of the DAO attack last year which resulted in the theft of $60 million of Ether. This exploit does not affect Ethereum as a whole but it has raised security concerns amongst the community. Fingers are now being pointed at the security of Ethereum and its smart contract coding language, Solidity. Some serious questions will be asked and it is likely that Parity could lose a larg...

05:56

Bitcoin Gold (BTG) To Launch Mining on 12th November (7:00 UTC) Crypto Mining Blog

The Bitcoin Gold (BTG) team has announced the official launch time for the mainnet (currently on testnet) when the mining of the coin will become possible and its actual integration into exchanges and hopefully coin distribution and coins being possible to claim by Bitcoin owners that held BTC at the day of the blockchain snapshot. The official start date for start of Bitcoin Gold is set for 12th November (7:00 UTC) when the download of Bitcoin Gold full node client will be made available. The BTG blockchain will officially go live and the mining will begin and wallets and exchanges will be able to process deposits, withdrawals and trades (as soon as they are ready). We are still going to have to wait a couple of more days or more for larger exchanges to evaluate the software and decide should they add support for BTG and distribute Bitcoin Gold coins to their users that had BTC available at the time of the blockchain snapshot.

Update: The launch time was moved from the initially announced 7:00 UTC to 19:00 UTC.

For more details about the upcoming official announcement for the Bitcoin Gold (BTG) Launch

05:30

PR: Spacoin: The First Spa Project Applied Blockchain in The World Bitcoin News

Spacoin - Spa Blockchain Project

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

KAYSPA (also known as SPA Foundation) is the biggest Spa chain in Indochina, is building SpaCoin, an Ethereum based token regulated by smart contracts. This blockchain platform supports the beauty community by gathering all beauty care solutions from Spa members and feedback from clients worldwide in order to improve the quality of beauty care. The company will hold a crowdsale between 13th 26th November 2017.

Hereinafter the writer will provide a brief on SpaCoin, their upcoming Crowdsale as well as her investment related thoughts on the project.

Platform

SPACOIN is the Ethereum based blockchain platform regulated by smart contracts. SpaCoin develops the beauty care industry as well as creates market information via a cryptocurrency reward system, motivating and inspiring community to join the network.

SpaCoin is the first cryptocurrency using a transparent decentralized platform in order to pay the rewards to clients and beauty care technicians who are recognized with positive contribution to the community.

SPACOIN is also the first blockchain in the beauty and healthcare industry that can help to solve the constraints of cross-border cosmetics trading and beauty care services through blockchain and smart contract.

Blockchain-Based Trusted Review Platform

By creating and implementing the first Blockchain platform for reliable spa reviews, Spa Foundation will facilitate the voice of the clients to be heard more. Beauty technicians will have access to valuable market research data and use them as strong tools to enhance the service quality as well as maintain the relations with loyal clients. Through a self-made smart agreement, Spa F...

05:00

Germany's Securities Regulator Warns ICOs Pose 'Numerous Risks' CoinDesk

Germany's top finance regulator has issued an investor warning on initial coin offerings (ICOs).

04:50

Gerald Celente & Chris G. Waltzek Ph.D (Podcast) "IndyWatch Feed Economics"

Gerald Celente & Chris G. Waltzek Ph.D Podcast Radio GoldSeek Highlights Head of the Trends Research Institute, Gerald Celente shares the hosts enthusiasm for Bitcoin and related Altcoins. The blockchain revolution presents a key portfolio candidate for investors with...

The post Gerald Celente & Chris G. Waltzek Ph.D (Podcast) appeared first on The Daily Coin.

04:41

Simplifying Tokenization: A Bridge to the Blockchain NEWSBTC

The Blockchain and its associated technologies and uses have piqued the interest of everyone from Bitcoin newbies, Wall Street bankers, but probably more importantly, entrepreneurs and developers.

The application and usage of Blockchain technology, as well as tokenization, is rightly being touted as the next technological wave that will disrupt and revolutionize the technology space as we know it.

With this being known and widely accepted, it begs the question why there is not a mass uptake of businesses and start up latching onto the potential of the Blockchain. But the truth is, utilizing the Blockchain successfully is still a difficult and time consuming operation.

There are many different legal regulations to try and tip-toe around. There is the difficulty and launching and maintaining an active token ecosystem through an ICO, which can also detract from the core business. And there is the development and implementation issues too.

Simplifying tokenization through Simple Token

Simple Token has come to the fore as a potential option for simplifying the process of getting developers onto the Blockchain and utilizing the technologies power. The idea is that Simple token can act as a foundation of a Blockchain business for a company to build upon, rather than building from scratch.

Simple Token allows companies to create, manage, and launch their own branded digital token based on Simple Token, allowing them the use of side chains and the Blockchain ledger for its multiple uses.

This thus allows the company to utilize the Blockchain, have their own form of digital token, but there is none of the afore mentioned difficulties that come with minting their own coin.

Powered by their OpenST Protocol, Simple Token believes that allowing companies to stake their new branded token upon their Simple Token, the company then has an open scalable side Blockchain which functions in a cryptographically auditable manner.

Closing the gap

Because this new technology exists and is making great strides, there is already an arms race of sorts for companies to try and squeeze the most out of it. However, not all companies have the resources or the know how to even enter...

04:30

'Plenty of Time': Parity Rep Says Startup Won't Push for Emergency Fork CoinDesk

Communications lead at Parity said the team will not push for an emergency hard fork to recover some $150 million in locked-up ether funds.

04:11

Bitcoin Price Watch; Heres Whats On Tonight NEWSBTC

Thats another day pretty much complete in our bitcoin price trading efforts and its been another interesting one. After the revelations of yesterday (that the bitcoin hard fork is now not going to take place, or at least that seems to be the case) price ran up considerably before dipping and correcting as people took profits out of the market.

The hope now is that the volatility is somewhat out of the way. If this is the case, we should see a degree of overarching momentum return to price and in turn we should see things start to creep to the upside once more.

Well be looking for signals that imply some upside as we go and well be ready and waiting with our short-term strategy to make sure that we dont miss out on any opportunities to jump in and out as things mature.

So, with that said, lets take a look at whats going on and see if we can set up a strategy that we can use to draw a profit from the market on any further movement in line with our thesis. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand right now. Its a one-minute candlestick chart and its got our range overlaid in green.

As the chart shows, the range we are looking at for the session this evening comes in as defined by support to the downside at 7131 and resistance to the upside at 7192. If we get a close above resistance, well jump in long towards an upside target of 7260. Looking the other way, a close below support will have us in short towards an immediate downside target of 7090.

Lets see how things play out this evening and we will shuffle things about later to reflect any changes in approach.

Charts courtesy of Trading View

...

04:06

Blockchain Platform That Makes Every Participant Stakeholder in Video Games Marketplace Cointelegraph.com News

Nitro is a unique project on the ICO market that is backed by publicly listed company (iCandy Interactive Ltd, ASX:ICI) which has an existing relevant business with prominent institutional shareholders.

04:00

Blockchain Music Platform Voise Joins Ethereum Enterprise Alliance NEWSBTC

Voise recently joined the Enterprise Ethereum Alliance (EEA) that connects Fortune 500 enterprises, startups, academics and technology vendors with expert Ethereum professionals. Being a blockchain-driven decentralized platform itself, Voise had expressed interests in joining the prestigious only a month before the time of this writing.

Our team believes EEA is a genuine gateway to fruitful partnerships for Voise. The intellectually and technically rich group strives towards creating decentralized solutions for enterprises. Voise itself is a huge step towards introducing middlemen-free solutions in the global music streaming industry. Together, EEA and Voise can both share their expertise for the betterment of Ethereum industry as a whole.

After joining EEA, our platform has matched shoulders with some of the most prominent companies in the world. They include Bancor, BBVA, Accenture, British Petroleum, BNY Mellon, Cisco, Deloitte, ING, JP Morgan, Microsoft, Santander, Samsung, Toyota Research, UBS and more.

About Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance (EEA) is the worlds largest open-source blockchain initiative and offers the most industry-focused, member-driven Working Groups. It is an industry-supported, not-for-profit established to build, promote, and broadly support Ethereum-based technology best practices, open standards, and open-source reference architectures. EEA is helping to evolve Ethereum into an enterprise-grade technology, providing research and development in a range of areas, including privacy, confidentiality, scalability, and security. EEAs membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups.

...

03:55

With Segwit2X Called Off, Crypto Developers Get Back to Work Bitcoin News

With Segwit2X Called Off, Crypto Developers Get Back to Work

Over the past few weeks, a fog of uncertainty over bitcoins direction has forced a number of crypto projects to grind to a halt. Everything from blockchain development to token generation events has been on ice while the machinations surrounding the Segwit2X hard fork played out. Following yesterdays news that the proposal had been abandoned, developers have wasted no time in getting back to business.

Also read: Closing the Curtains On Segwit2x and the Following Aftermath

Bitcoin: Open for Business Once More

Within minutes of news breaking that Segwit2X had been kicked into the long grass, likely never to return, developers were swift to launch into projects that had been temporarily on hiatus. Digibyte and Radium were among a host of teams pressing ahead with development plans. While there was nothing stopping such projects from proceeding, as the hard fork penciled in for block 494,784 loomed closer, all eyes were fixed on more immediate concerns.

It was the same story in the ICO world, with blockchain companies such as Remme deferring their November token sale to account for Segwit2X. With many token sales accepting funds in bitcoin as well as ether, what happens to bitcoin has repercussions for the entire crypto economy.

...

03:40

Guest Post: Understanding the Limits and Potential of Blockchain Technology Bitcoin Magazine

Guest Post: Understanding the Limits and Potential of Blockchain Technology

The promise of blockchain technology is coming to the forefront and capturing the imaginations of investors, entrepreneurs and innovators alike. But what many people do not know is how perilous the blockchain journey ahead still is. We live in a world of smoke and mirrors; enterprise investors must do their due diligence in navigating these choppy waters making the right investments in the right blockchain technologies to unlock that promised potential.

To make the correct investments, we need to adopt a framework to evaluate them. Having a framework also means having the necessary inputs. What follows in this article are some of these key inputs.

If you are considering making technology investments, think about the end state: your vision. How will this technology fit within your existing technology infrastructure? You need to put on your far- and short-sighted glasses: First, what will the near future (12 years) of the blockchain ecosystem look like? Second, how will this blockchain technology integrate with your existing infrastructure? Does it complement your technology investments thus far? Does it mitigate or add to any burdens in your existing technological landscape? All of these questions should inform your purchasing decision.

As an integration consultant and a blockchain architect, my role is to help clients determine what is in the realm of possibility for them and what is not. Questions surrounding scalability, integration points, data interoperability and security are not easy questions to answer, but they must be considered. Some potential investors will be blinded by the sheer potential (or hype) of the technology and will completely ignore these realities. As appealing as blockchain technology is, its not for everyone. Some enterprise investors are not at the maturity stage to adopt it yet, and this is not an easy pill to swallow.

Blockchain is a nascent technology and much work is still being done in the areas of interoperability (e.g., ISO/TC 307, Ripple ILP, Hyperledger Quilt, etc.). These are challenges to consider. It is important to understand that, in order to realize the full potential of blockchain technology, some elements of integration with your legacy system are probably still going...

03:30

Quantum Computers Could Jack Your Crypto Private Key in 10 Years, Researchers Say CoinDesk

Bitcoin wallets might be in trouble if quantum computers advance as quickly as some researchers have projected.

03:00

Altcoin Market Regains Legs after SegWit2x Fork is Called Off NEWSBTC

As the world woke up to news of the Bitcoin fork cancellation altcoin traders and investors finally had something to smile about. It had been dark days for the majority of altcoins as they had all lost ground in recent weeks to the Bitcoin behemoth.

As with previous Bitcoin forks, traders have been dropping altcoins, many of which can only be purchased with Bitcoin, and ploughing their funds back into the big one in order to get some extras when the chain splits. Many exchanges such as Coinbase and Bitfinex promised holders of Bitcoin an equivalent amount of Bitcoin2x after the fork. This also happened with the Bitcoin Gold fork which drove prices to record highs last month.

Everybody loves free stuff so traders have been getting out of the altcoins and moving back into Bitcoin in order to reap the rewards. Bitfinex even allowed traders to buy futures in B2X before the fork, naturally most will be wishing they hadnt now.

So in what is becoming a somewhat predictable swing of momentum the majority of altcoins were up this morning. Bitcoin itself surged to a record high of $7,800 but rebounded back and seems to have found support at the $7,400 level.

Ethereum has been a flat line for the best part of a month, idling between $290 and $310. It traded towards the top of this channel but has failed to break out of the $310 resistance level at the time of writing reaching a high of just under $313.

Litecoin has fared a lot better breaking out of its own $54 $58 channel and trending upwards towards last months high of $65. The digital currency has had some good news recently when one of the largest exchanges in South Korea opened up trading with LTC. The country is responsible for 25% of the global trade in Litecoin.

NEO has been another winner surging almost 25% in a matter of hours. Previously trading at around $26 the Chinese based crypto formerly known as Antshares shot up to $32 surpassing the $2 billion market capacity in a matter of minutes. Naturally these spikes are unsustainable but NEO is still strong currently trading at around $31 with a $1.5 billion market cap.

OmiseGO is another altcoin that needs a mention as its chart mirrored that of NEO. The undervalued coin rose from a long period of decline of around $6 to a high of $8.5 and is currently trading around $7.8 where it was three weeks ago.

Volatility in crypto markets goes without saying but after a month of doldrums it is finally time for altcoins to get some limelight.

...

03:00

Segwit2x Futures Continue to Trade Despite Fork Cancellation Bitcoin News

Segwit2x Futures Continue to Trade Despite Fork Cancellation

Despite yesterdays announcement that the anticipated Segwit2x hard fork will not be taking place, Segwit2x futures markets continue to trade. As of this writing, Segwit2x futures are trading for approximately $250 USD on Hitbtc and Exrate, and trading for approximately $180 USD on Bitfinex.

Also Read: Closing the Curtains on Segwit2x and the Following Aftermath

Yesterdays Announcement That the Contentious Segwit2x Fork Will Not Occur Sent Shockwaves Through the Cryptocurrency Markets

Segwit2x Futures Continue to Trade Despite Fork CancellationIn response to the news regarding Segwit2x, bitcoin suddenly spiked upward from $7500 USD to establish a new all-time high of $7900 USD before an aggressive round of dumping drove the price down to establish support at roughly $7000. After a brief overnight recovery of approximately 5%, the price of bitcoin hovers around 7150 USD after retesting the $7000 support area as of this wri...

02:30

Max Keiser & Michael Hudson: If Only Arrested Saudi Prince Owned Bitcoin (Video) "IndyWatch Feed Economics"

Max Keiser & Michael Hudson: If Only Arrested Saudi Prince Owned Bitcoin Video RT In this episode of the Keiser Report Max and Stacy ask whether or not Prince Alwaleed bin Talal, who is currently under Ritz arrest, would...

The post Max Keiser & Michael Hudson: If Only Arrested Saudi Prince Owned Bitcoin (Video) appeared first on The Daily Coin.

02:30

VR Firm YDreams Global Joins Hyperledger Blockchain Consortium CoinDesk

Virtual reality firm YDreams Global has become the latest member of the Linux Foundation-backed blockchain consortium Hyperledger.

02:28

Maximizing Altcoin Investing: Three Strategies Cointelegraph.com News

Altcoins can either be huge successes or total money drains depending on your strategy.

02:25

Daily Digest 11/9 - $300m In Cryptocurrency Lost Forever, Zombie Diseases of Climate Change "IndyWatch Feed Economics"

Daily Digest 11/9 - $300m In Cryptocurrency Lost Forever, Zombie Diseases of Climate Change
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  • $300 Million In Crypto Currency Lost FOREVER Thanks To A Bug In A Digital Wallet
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  • Ashamed to work in Silicon Valley: how techies became the new bankers
  • The Automatic Earth: How Broke is the House of Saud?
  • Americas Retail Apocalypse Is Really Just Beginning
  • Rising Debt Spells Warning! for This Bull Market
  • Room Of Secrets Reveals Glencores Mysteries
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Join the conversation

02:25

Markets Update: Bitcoins Daily Trade Volume Surpasses $5B Bitcoin News

Markets Update: Bitcoin's Daily Trade Volume Surpasses $5B

Bitcoin markets over the past week have seen some phenomenal energy and the past three days has been a thrilling run.

Also read: Bitpico Claims Segwit2X is Still Alive Despite All Evidence to the Contrary

After the Canceled Fork Announcement Bitcoin Trade Volume Spikes Exponentially

Action across bitcoin markets have been all over the place. For instance, on Tuesday, November 7, the price dipped below the $7K zone and rebounded back above that territory a few hours later. The very next day on November 8, immediately following the announcement that Segwit2x was canceled, bitcoins market value spiked to a high of $7,900 per BTC. The peak didnt last long, and the price per bitcoin has been hovering between $7,100-7,450 over the course of the past 12-hours. The last few days bitcoin has been trading over $3B a day in 24-hour trade volume, but on November 9 the decentralized currency swapped over $5B in BTC trades. Presently, bitcoins value is trading at $7,150-7,210 across a variety of global exchanges.  

...

02:06

How High Can It Go? Bitcoin Shocks The World By Crossing The $7000 Mark Less Than 1 Month After It Sold For $5000 "IndyWatch Feed World"

How High Can It Go? Bitcoin Shocks The World By Crossing The $7000 Mark Less Than 1 Month After It Sold For $5000 | Bitcoin-Public-Domain | Economy & Business Special Interests

Less than a month ago, Bitcoin was selling for less than $5000, but now it has smashed through the $7000 mark with seemingly no end in sight.  At this point Bitcoin has a total market cap of more than 100 billion dollars, and some analysts are suggesting that it could eventually go as high as a trillion dollars.  Cryptocurrencies overall are up an astounding 640 percent so far in 2017, and personally I regret not investing when Bitcoin was still in the very early stages.  I always thought that governments would eventually crack down and regulate cryptocurrencies out of existence, and that still may happen someday, but it hasnt happened yet.

One of the great things about Bitcoin is that it represents a medium of exchange that is not controlled by the central bankers.  So when you use Bitcoin you are choosing to become less dependent on a system that is designed to financially dominate the entire planet.  Any way that we can become more independent is a good thing, and so I greatly applaud the use of cryptocurrencies.

But there are those that are warning that a major bubble is forming and that extreme downward price action will be coming at some point.  Needless to say, the upwar...

01:54

Hedging Bitcoins With Options on the World Wide Web: Expert Blog Cointelegraph.com News

Bitcoin options are not for the faint-hearted. What is Bitcoin-Based Risk.

01:30

Ether Shrugs Off Parity Concerns As Price Climbs to Three-Week High CoinDesk

Despite a serious vulnerability being discovered in ethereum wallet Parity, ether prices have climbed today.

01:29

[KR1147] Keiser Report: If Only Arrested Saudi Prince Owned Bitcoin "IndyWatch Feed Economics"

In this episode of the Keiser Report Max and Stacy ask whether or not Prince Alwaleed bin Talal, who is currently under Ritz arrest, would have been better off had he owned bitcoin instead of Twitter and Fox. In the second half Max continues his interview with Dr. Michael Hudson, author of Super Imperialism. They recount the history of labor, socialism, Minneapolis and more.

01:09

ICOs Immature, Regular Stock Exchanges Best Method to Raise Money: Nasdaq Vice Chairman Cointelegraph.com News

Nasdaq vice chairman says that ICOs are still very immature as a funding method and that the stock exchange is still the best place for companies to raise money.

01:00

Government Cryptocurrencies Wont be Able to Compete With Bitcoin, Heres Why NEWSBTC

Governments are attempting to recreate the success of bitcoin and decentralized cryptocurrencies like Ethereum with the development of permissioned ledgers and state-owned digital currencies.

Unfortunately, for governments, centralized cryptocurrencies and permissioned blockchain networks will not succeed and ever secure a fraction of bitcoins user base for a simple reason: the lack of decentralization and a peer-to-peer protocol.

Myth of Blockchain

Over the past 12 months, blockchain technology has been marketed as a magical technology behind bitcoin that allows any banking system or financial network to achieve the same level of immutability of bitcoin. However, that has evidently been falsified in the past year, given the lack of success by the blockchain industry in commercializing the so-called permissioned ledgers.

Like engineers cannot attach the identical engines used to build high performance aircraft to automobiles because of the incompatibility between the two technologies, blockchain technology behind bitcoin and other public cryptocurrencies like Ethereum cannot be integrated into centralized banking systems.

There exists a myth within the global financial sector that blockchain technology powers the bitcoin network, when in fact blockchain technology merely operates as a database within the bitcoin protocol to store and record transactions. As bitcoin and security expert Andreas Antonopoulos previously explained, blockchain is not the technology behind bitcoin, but one of the four fundamental technologies of bitcoin that needs to synergize with three key technologies to function.

Citigroup CEO Falsely Believes Governments Can Restrict Bitcoin

At Bloombergs Year Ah...

00:55

Bitpico Claims Segwit2X is Still Alive Despite All Evidence to the Contrary Bitcoin News

Reports of 2Xs death have been greatly exaggerated. Thats according to a statement issued by little-known mining group Bitpico. In a defiant message that appeared on a mailing list, Bitpico claimed to control 30% of the network hashrate and to be pressing ahead with the B2X fork regardless.

Also read: Closing the Curtains On Segwit2x and the Following Aftermath

The Zombie Fork That Just Wont Die

The message posted by Bitpico raised the prospect of Segwit2x being resurrected within hours of being laid to rest. The original statement halting the proposed fork to the bitcoin network, signed by Mike Belshe and five other major backers, unequivocally said:

We are suspending our plans for the upcoming 2MB upgrade.

Bitpico elected to ignore this memo however, averring that they would press ahead with the hard fork nevertheless because everything is set in motion. They continued:

Backing down the difficulty right now is a strategy. Wonder why 30% network hash-rate disappeared? Its ours; the miners that will continue what is set in motion. A handful of humans cannot stop what they have no control over.

The audaciousness of the claim garnered a lot of attention, and opened the door to the intriguing possibility of Segwit2x living on. Closer scrutiny of the little-known Bitpico group reveals a few anomalies however. In particular, their claim to control 30% of...

00:44

Sharp Contradictions As Hard Fork Fail Makes CEOs Relieved, Users Suspicious Cointelegraph.com News

Not everyone in cryptocurrency has accepted as given that SegWit2x will never occur.

00:30

ICO Funds Among Millions Frozen In Parity Wallets CoinDesk

Several high-profile ICO issuers have been affected by the Parity exploit, which has left more than $150 million in ether frozen.

00:00

'Segwit2x Rally' Unwinds? Bitcoin Looks Heavy As Fork Boost Fades CoinDesk

Following the suspension of the Segwit2x hard fork, bitcoin prices rose to new record highs yesterday, before falling to a low of $7,058 today.

Thursday, 09 November

23:58

India Drug Cartel Uses Bitcoins, Two Arrested: A Closer Look at Mainstream Media Libel Bitcoin News

India Drug Cartel Uses Bitcoins, Two Arrested: A Closer Look at Legacy Media Libel

This week, Delhi Police accused two people of operating a drug ring, according to the Daily Mail India edition. Using the worlds most popular cryptocurrency, bitcoin, the two were able to purchase 3,635 USD worth of illegal drugs on the dark web. It is claimed such an incident is probably the first case in India.

Also read: Silk Road Secret Service Agent Sentenced Again

A DJ, drugs and the Dark Web: Two held as Bitcoin trail leads police to cartel trading ecstasy and MDMA

Above is the headline used in the online news sources attempt to link bitcoin to nefarious activity, a favorite among mainstream news organizations around the globe. It might be helpful to analyze how such articles are constructed in an effort to better understand media hysteria masked as public concern.

This is probably the first case in India, the report rather boldly claims in a country of over one billion, three hundred million people, where narcotics were purchased through the secret corner of the virtual world and the payment was made in bitcoins.

A payment of Rs 2.36 lakh was made through RTGS to a person who converted the amount into Bitcoin, the article states. The drugs were delivered through post as a gift from the Netherlands and allegedly later supplied to one of the accused.

As of this writing, 1 Rs...

23:50

BitTorrent Creators Chia Could Fix Bitcoin With Own Altcoin By Late 2018 Cointelegraph.com News

Bram Cohen has unveiled his Chia Bitcoin solution which could launch as soon as late next year.

23:14

SimplyVital Health Secures Contract with the Bone & Joint Institute at Hartford Hospital NEWSBTC

SimplyVital Health (SVH), the healthcare company streamlining medical data storage and sharing using blockchain technology, has announced a partnership with Hartford HealthCare Bone & Joint Institute at Hartford Hospital (BJI). Through its blockchain-based ConnectingCare platform, SVH will manage and analyze total hip and total knee joint replacement patients from first appointment to final treatment, helping to reduce costs and improve patient recovery.

BJI is ahead of the game, preparing for excellence in orthopedic risk based contracts. Research found that orthopedic risk based contracts drive down cost, without affecting quality. SVH believes the key is effective pre and post-surgery management of patients and monitoring financial estimates in near real time. Maximizing savings requires easy access to the same data of shared patients, across multiple providers, and is exactly what ConnectingCare provides.

Kat Kuzmeskas, CEO of SVH, knows the orthopedic space well, having spent nearly three years working with a hospital-based orthopedic department. What excites us the most about this opportunity is paralleling and supporting the work of the nurse navigators explains Kuzmeskas. This is an effective, proven method to improve care while controlling costs.

We have trained our nurse navigators to determine patient transition plans 2-4 weeks ahead of surgery, understanding DME, transportation, and medication management. The ConnectingCare platform gives us one more tool to effectively manage our patients, says David Santoro, Director of Operations of the BJI.

SVH and Hartford Hospital look forward to decreasing costs and providing better care for patients of the BJI through blockchain technology.

About SimplyVital

SimplyVital Health leverages Health Nexus, its blockchain protocol, to empower providers transition to value based care regardless of clinical affiliation. Their principal tool, ConnectingCare, augments existing hospital care systems to extract data and create care pathway flexibility, prospectively track financials, maintain immutable records, and accurately monitor analytics. Learn more at: https://tokensale.simplyvitalhealth.com

About BJI at HH

The Hartford HealthCare Bone & Joint Institute at Hartford Hospital offers an unparalleled network of coordinated services for patients with musculoskeletal disorders and orthopedic injuries, serving patients from Baby Boomers to seasoned athletes. The new five-floor, 130,000-square foot facility features 10 operating rooms, 48 private inpatient beds (with the ability to expand to 60), diagnostic services, outpatient rehabilitation and ample space for community education.

...

23:12

Bitcoin Over Stocks: Millennials Moving With Times, Study Shows Cointelegraph.com News

Millennials are far more interested in investing in Bitcoin than they are in stocks.

23:05

New Blockchain-Based Startups Create New Opportunities for Healthcare Cointelegraph.com News

A Blockchain-backed health information platform aims at reduction in costs to health providers and patients.

23:00

Kim Dotcom Shows an Interest in Bitcoin Cash and Elicits Response From Craig Wright NEWSBTC

Kim Dotcom has become somewhat of a cult figure in the world of Bitcoin and cryptocurrency. He is a big fan of Bitcoin and aims to integrate it into his future services. However, it seems Dotcom also keeps tabs on Bitcoin Cash. His recent Twitter poll has gotten a lot of attention already. So far, belief in Bitcoin as the superior currency is still very strong  Then again, scalability will remain a problem for quite some time to come.

It is evident Bitcoin and Bitcoin Cash are two very different currencies. One effectively has a lot of value and the other is still struggling to make its mark. More specifically, the past week or so has been kind to BCH as a whole. That doesnt make the currency a contender for the worlds leading cryptocurrency by any means, though. At the same time, one has to acknowledge Bitcoin itself is not without flaws by any means. Especially when it comes to scaling, there is still a lot of work to be done.

Kim Dotcom Wants a Scalable Version of Bitcoin

Kim Dotcom has been keeping tabs on both currencies for some time now. We all know Bitcache will use BTC as a payment option. However,  there is a chance he may integrate Bitcoin Cash as well. It all depends on which currency will have the largest volume of internet payments. Right now, Bitcoin has a clear lead over BCH. However, that threshold may look very different in a few years from now. A lot will depend on how fast Bitcoin can effective scale. So far, it seems rather problematic, to say the least.

To put this into perspective, SegWit is live on the Bitcoin network. So far, not much has happened to it, though. A lot of service providers have yet to integrate this new solution moving forward. Kim Dotcom will keep a close eye on how this situation evolves. It is in his best interest to accept cur...

23:00

Make Big Money on Bitcoin Cash? The IRS Might Be Watching CoinDesk

Hard forks of bitcoin are creating new wealth that the U.S. tax agency will want to tax, but it's still unclear just how to report these new assets.

22:59

Could Bitcoin Futures Rein in the Big Price Swings? Cointelegraph.com News

CME will implement special price fluctuation limits which could slow Bitcoins volatility.

22:30

Banking License Applicant Revolut to Offer One-Click Bitcoin Buying In-App Bitcoin News

Banking License Applicant Revolut to Offer One-Click Bitcoin Buying In-App

Britains Revolut filed a formal application for banking licensing this week. Established British banks are bracing for rule changes domestically and internationally, as more digital-only banks are ever-closer to legal parity with legacy institutions. 

Also read: Bitcoin Businesses Refused Accounts as UK Banks Consolidate Power

Without a License, Britains Digital-Only Revolut Has Nearly One Million Customers

Even without a banking license, we have attracted over 950,000 users across EuropBanking License Applicant Revolut to Offer One-Click Bitcoin Buying In-Appe, Nikolay Storonsky, digital-only bank Revoluts founder and CEO, told Reuters, many of whom consider Revolut as their primary current account and spending card.

Banking law changes from the European Union (EU) and Britain ar...

22:21

Decentralized Electricity Could be Blockchains Trojan Horse Cointelegraph.com News

Grid+ from ConsenSys offers a user-friendly way for Blockchain technology to massively increase adoption.

22:15

22:00

The B2X Trade Between Charlie Lee and Others Isnt Completely off yet As SegWit2x Fork Will Happen NEWSBTC

We have seen a proverbial rollercoaster of news in the Bitcoin world these past 24 hours. More specifically, the SegWit2x hard fork is apparently canceled, although that is not entirely true. Moreover, the B2X trades between Charlie Lee, Roger Ver, and a few others may still go ahead. It will be quite interesting to see how things evolve in this regard. There is no indication of what the future may hold for Bitcoin, that much is certain.

The big news last night was how the SegWit2x hard fork was originally called off. A lot of people are happy about this news, to say the least. After all, the fork makes very little sense to most Bitcoin users. Fracturing the community even further serves no real purpose whatsoever. Then again, this hard fork is not entirely canceled just yet. More specifically, a follow-up email indicates the fork will still happen despite the risks it bears.

B2X Is Still in the Game

Whether or not that is good news for Bitcoin, remains to be determined. Another altcoin riding Bitcoins coattails isnt exactly something we need right now. Then again, there may be more support for this new currency than people would think. In a lot of cases, people just want their free B2X coins and sell them on the open market as soon as possible. There are still a lot of uncertainties in this regard, that much is certain.

One thing to keep in mind is how Charlie Lee proposed a B2X trade not too long ago. The goal is to exchange 250 B2X for 250 BTC. Lee would like to get rid of these coins as soon as possible. Although it is uncertain who accepted this deal, Roger Ver seemed quite keen on the concept. This trade would not go through if there was no fork. With this fork still going ahead, we can expect some fireworks in the Bitcoin world very soon.

While waving with wealth in the open isnt necessarily positive, this trade will get a lot of attention. That is, assuming it will still go through as expected.There is an interesting time ahead for both Bitcoin and B2X alike. More specifically, the fork may shake things up quite a bit. The coins may not be worth $2,000 or more, though, but no one knows what the future brings. Right now, nothing has changed in this regard. The original excitement regarding the fork being cancel...

22:00

Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies CoinDesk

Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin.

21:00

Canadian Police Issue Warning Over Bitcoin Tax Scam CoinDesk

Police in York, Canada, have warned of a tax scam after over 40 people were convinced to send money via bitcoin ATMs.

20:57

Deloitte Reports More Than 26,000 Blockchain Projects Launched in 2016 Cointelegraph.com News

Professional services major Deloitte claims that over 26,000 new Blockchain technology-based projects were launched on the code repository GitHub in 2016.

20:23

Gladius The Rising Star of Blockchain Security "IndyWatch Feed Economics"

gladius screen

The recent explosion of ICOs has been pretty magnificent to behold. In 2017 alone ICOs managed to raise over $1.3 billion in funds, significantly more than any previous year.

ICOs come in all shapes and sizes, and it can be tough to decide which ones are worthy of investment, and which are doomed to fail.

One promising ICO is Gladius, which aims to first change the way DDoS attacks are dealt with using blockchain technology and some ingenious ideas. And secondly, to improve the current content delivery industry (CDN) to make a more distributed, faster and cheaper alternative to modern CDNs.

To see why Gladius is so exciting, its important to take a quick look at just how damaging DDoS attacks are, and why its so vital to find new ways to challenge them.

The dangers of DDoS

DDoS stands for Distributed Denial of Service. Its a type of cyber attack where hackers gain control of a number of devices with internet access, like Internet of Things gadgets. Once their network of bots is large enough, it can be instructed to visit a certain website or server.

The massive influx of spam traffic often overwhelms the bandwidth of the victim server, causing the site to crash or experience service disruption.

The consequences of this can be devastating for businesses. The average cost of a DDoS attack was found to be $500,000, around $40,000 per hour. Whats more, these events can really damage customers trust in a website or company, as it makes them look unreliable and open to attack.

Whats more, DDoS attacks are on the rise, and in a big way. Q1 2017 saw a...

20:15

$300 Million In Crypto Currency Lost FOREVER Thanks To A Bug In A Digital Wallet "IndyWatch Feed Economics"

$300 Million In Crypto Currency Lost FOREVER Thanks To A Bug In A Digital Wallet by Mac Slavo SHTFPlan $300 million worth of the cryptocurrency Ethereum has been almost definitely lost forever.  The losing of the currency was accidental...

The post $300 Million In Crypto Currency Lost FOREVER Thanks To A Bug In A Digital Wallet appeared first on The Daily Coin.

20:03

BitTorrent Inventor Announces Bitcoin Competitor Chia "IndyWatch Feed World"

Via: TechCrunch: A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. And considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously. Cohen has just started a new company called Chia Network []

19:00

These Free, Remote Coding Lessons For Venezuelans Help Them Find Work Online "IndyWatch Feed World"

As the Venezuelan economy continues to crater, an ed-tech startup called Platzi is offering its coding lessons for freeand then helping set up its graduates with remote jobs.

If you have a job in Venezuelawhere the unemployment rate could reach 25% this yearyou may still not be able to afford basic necessities. In October, a one-kilo package of pasta cost around 56,000 bolivares, or a little more than 40% of the monthly minimum wage; a large package of diapers cost more than three times the monthly salary. As the countrys economy continues to collapse, one startup is helping Venezuelans learn new digital skills that can help them land remote work that can pay in bitcoin or U.S. dollarsor help them emigrate to find tech jobs elsewhere.

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