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Monday, 15 January

01:17

Billionaire Bitcoin Bull Novogratz to Launch Cryptocurrency Merchant Bank News CCN

The post Billionaire Bitcoin Bull Novogratz to Launch Cryptocurrency Merchant Bank appeared first on CCN

Mike Novogratz, who recently scrapped plans for a cryptocurrency hedge fund, is launching a merchant bank for cryptocurrencies and blockchain-based ventures that he intends to take public, according to Bloomberg. Novogratz, a former macro manager, released a plan to raise $200 million and list shares of his Galaxy Digital LP on Canadas TSX Venture Exchange. Continued

The post Billionaire Bitcoin Bull Novogratz to Launch Cryptocurrency Merchant Bank appeared first on CCN

01:05

South Korea Announces Crypto Traders Could Face Fines Under New System Bitcoin News

South Korea Announces Crypto Traders Could Face Fines Under New System

The South Korean government has announced that cryptocurrency traders will be fined if they do not convert from existing virtual accounts, which allows for anonymous trading, to real-name accounts. Regardless of their service levels to crypto exchanges, banks have been ordered to implement the new system this month as planned.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

Crypto Traders Facing Fines

South Korea Announces Crypto Traders Could Face Fines Under New SystemThe South Korean financial authorities said on Sunday that cryptocurrency traders in the country will be fined for refusing to convert their virtual accounts into real-name ones, Yonhap reported.

Currently, crypto traders are able to trade anonymously by using virtual accounts. However, the authorities have banned banks from issuing new ones and mandated them to install the new system that ensures only real-name bank...

00:51

Cryptocurrency Markets Falling After Recent Rise, Most Coins In The Red Cointelegraph.com News

Crypto markets falling today, with most of the top 20 coins on CoinMarketCap in the red.

00:19

Bitcoin and Economic Freedom News CCN

The post Bitcoin and Economic Freedom appeared first on CCN

There have been many studies on economic freedom around the world.  Economic freedom clearly correlates with a high GDP per capita.  Countries that have banned or over-regulated bitcoin are low on the economic freedom ranking and also have a low GDP per capita.  These unfree regimes play a part in creating poverty for their people. Continued

The post Bitcoin and Economic Freedom appeared first on CCN

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Sunday, 14 January

23:59

Can Online Gambling Ever Become Safe and Transparent Business? Cointelegraph.com News

Betting on the Blockchain: New Blockchain-based gambling platform LetBet launches ICO. #SPONSORED

23:21

Central Bank of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk Cointelegraph.com News

The central bank of Indonesia warns all citizens against cryptocurrency use, taking a harsher tone than previous advisory statements. #NEWS

22:50

Will Sweden be the First Nation With Their Own Cryptocurrency? NewsBTC

According to a note issued by HBSC economic analyst James Pomeroy, Sweden could be the first nation to issue their own cryptocurrency. A document, which was sent to clients this week, titled Swedens Big Year: Can the Economy Overcome Some Challenges? set forth some rudimentary proposals of what an e-krona might look like.

The international bank that is HSBC calls the Swedish economy one of the worlds most interesting. It would be a fitting place to roll out a central-bank-issued, digital currency as they have one of the lowest actual cash usage rates on the planet. According to Business Insider, the use of cash is actively discouraged by shops and other businesses offering various goods and services. The business-focused news source also highlights anecdotal stories of beggars and buskers having their own card terminals to take electronic payments out in the street.

The HSBC-issued note states that the launch of a so-called e-krona might not happen this year but is something that may occur within the next few years.

Swedens Riksbank have identified two possible ways that a centrally issued digital currency could work. One is based on value, the other is on a register system. HSBC claim that the first option would be more like cash is at present, with value stored on an app or a card rather than in a central database. Meanwhile, the second option would use a register-based system. This would mean that e-krona would be stored on centrally registered accounts themselves. According to Pomeroy, the second option is:

more complex, but may make the framework easier to expand and develop over time, and would likely require the use of blockchain technology.

Meanwhile, Swedens central bank has stated that it would consider using a combination of both options. The HSBC analyst added:

A Central Bank Cryptocurrency (CBCC) would use blockchain technology, whereas a non-blockchain solution would make the e-Krona a deposited currency account.

In addition to the fact that Sweden are already moving quickly towards a cashless society, the history of financial innovation within the State makes their efforts to be the first to launch a national digital currency fitting. Over 350 years ago, it was in Sweden that the first modern banknote was created. Its therefore appropriate that things have moved full-circle and it is in the Scandinavian nation that cash itself might finally cease to exist.

Sweden are by no means the only country to consider launching their own digital currency though. Over the Christmas break, the Bank of England made headlines after speculation increased over them launching their own virtual currency...

22:36

The Zapier of Blockchain and How It Affects B2C Professionals NewsBTC

Apps have taken over our lives. An average American has over 80 apps on their phone and spends over 2 hours on those apps each day. These apps are impressive. They can do incredible things, making our lives increasingly simpler with each update. They can talk to our cars, our tvs and even our homes. But they cant do one important thing. Talk to each other.

Bits and pieces of information are spread out across the 80 various apps that we use. For example, some apps like LinkedIn contain primarily professional experience, including skills, endorsements, and resumes. Other social network apps are better for adding mass numbers of contacts but arent synced with LinkedIn. Upwork has professional reviews of your work posted by clients. Then there are the freelancer websites that contain the work youve done. Even your email can have valuable information, but its only viewable to you.

All of this information is valuable. Especially if youre a freelancer or anyone trying to drum up more business. Because this information is valuable, too much valuable time is spent managing the information across the multiple platforms when it should be spent actually doing the work that brings in money. Plus, youre subject to those platforms and how they share and use your information. The user has virtually no control.

dock

One Integrated Platform With All Your Professional Experience

 Dock.io, a blockchain based network is providing a solution to these problems. Their solution is simple, connect all these apps through one central network. Through Dock.io, you can update information on any connected website and it will automatically be transferred to every other connected app.

Dock.io helps save time by connecting your information, experience, and reviews from all your apps on a single network. The Dock.io protocol provides all the necessary categories to put your best professional foot forward. The profile feature allows you to sync all of your professional skills, qualification and work experience. You, the owner are given access to modify all of the information. Plus, the information must be verified by a third party, providing complete trust that all of the inform...

22:26

South Koreas Cryptocurrency Fiasco is Fueling a Political Conflict News CCN

The post South Koreas Cryptocurrency Fiasco is Fueling a Political Conflict appeared first on CCN

The controversial decision of Justice Ministry head Park Sang-ki to release a premature and false statement on a potential cryptocurrency trading ban has fueled a political conflict between the current administration and other opposition parties. Opposition Party Accuses Justice Ministry of Market Manipulation Earlier this week, a South Korean mainstream media outlet Hankyoreh, a daily Continued

The post South Koreas Cryptocurrency Fiasco is Fueling a Political Conflict appeared first on CCN

22:18

Wonders of Naming the Company Blockchain or Bitcoin Cointelegraph.com News

Companies have cottoned on that, just like in the 90s with .com, and even recently with cannabis, if they now add a Blockchain theme to their name investors will supply pique their interest. #ANALYSIS

22:15

Don't Use a Blockchain Unless You Really Need One CoinDesk

Blockchains are inefficient, and worth the cost only when censorship-resistance is required. For money, it clearly is; for identity, it just might be.

22:07

Kasotsuka Shojo: Combining Cryptocurrency With Pop Music NewsBTC

One of the latest pop groups to emerge out of Japan are the trend-riding Kasotsuka Shojo. The name translates to Virtual Currency Girls and in typical J-Pop style, each of the eight members wear a different costume representing one of the largest cryptocurrencies. Amongst the performers are Bitcoin, Bitcoin Cash, NEM, and Ethereum.

The all-girl band are seeking to educate the public about digital currencies from a wider angle than simply pure speculation. This is evidenced by their first song, The Moon and Virtual Currencies and Me and another tune which includes the lyrics, Dont forget about two-step verification, and Never use the same password twice.

Kasotsuka Shojo were created by the Japanese girl band factory that is the Cinderella Academy. The entertainment company also manages several other popular groups.

The crypto-themed band played their first show in Tokyo last Friday. It was an action-packed thirty minutes in which the eight-piece explained the benefits of using electronic currencies, as well as the present security risks faced by those in the space. During the performance, various dramas from the digital currency space were acted out on stage. In one such vignette, the girls representing Bitcoin and Bitcoin Cash had a scrap over Hinano Shirahamas (BTC) assumed leadership of the cryptocurrency world. BCHs representative, Rara Naruse, declared:

The surge of Bitcoin caused various problems. To solve these, Bitcoin Cash was established, with smaller fees and quicker transactions. So I think Bitcoin Cash will replace Bitcoin at some point in the future. The market cap of Bitcoin Cash will be number one!

It should come as little surprise that the worlds first cryptocurrency-themed pop group hails from Japan. Besides the nations love of music that often seems quirky but is sometimes downright bizarre to us in the West, Japan are also trend-setters in the treatment of Bitcoin as legal tender there. At one stage, the island State accounted for the largest share of global Bitcoin trading and their Tokyo-based BitFlyer exchange platform continues to be one of the planets largest. Quartz report the research of Japanese finance company Nomura. They state that thanks to the sharp rise in the price of Bitcoin over the last twelve months, combined with Japans embrace of the technology, has helped their GDP to the tune of 0.3%.

 

Image: PixaBay

 

The post Kasotsuka Shojo: Combining Cryptocurrency With Pop Music a...

21:55

Small Washington Town is Becoming a Bitcoin Mining Epicenter Bitcoin News

Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency?

Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss

Mining Boom in A Small Town

Wenatchee is home to a dozen of the largest bitcoin miners, becoming something of an epicentre. It appears a steady stream of investors are discovering the town as an optimum place to mine. Steve Wright, the head of the local power utility, says that another 75 have inquired about coming to the town:

Weve come from just a few people out there who have been knocking on the door to all of a sudden to people who are banging on the door pretty loudly.

Bitcoin mining is known to be energy-consuming. But miners here appear not to have this problem. Power is extremely cheap for the town only 2 to 3 cents per kilowatt hour.

An early miner in the town, Malachi Salcido, owns three data centers in the area capable of generating 5 to 7 BTC per day. Salcido uses 7.5 megawatts of power and wants to produce 50 BTC per day by July, which would require a whopping 42 megawatts of power. The town of Wenatchee is key in his plans.

Abundant Power to Offer

...

21:15

Blockchain and the Rise of Transaction Technology CoinDesk

Governments are centers of trust so why would they make the leap to blockchains as a way to extend that already vital service?

19:00

Bitcoin Gold Price Weekly Analysis BTG/USD Rockets Above $300 NewsBTC

Key Points

  • Bitcoin gold price after trading in a range for a long time broke the $300 level against the US Dollar.
  • There was a break above a major horizontal resistance at $290 on the 4-hours chart of BTG/USD (data feed from Bitfinex).
  • The pair traded as high as $368 and is currently correcting lower towards the $320 level.

Bitcoin gold price has moved sharply above $300 against the US Dollar. BTG/USD is now in the bullish zone above $320 and is poised for more gains.

Bitcoin Gold Price Trend

There was a decent support base formed around $200 in bitcoin gold price against the US Dollar. The price traded in a range for a long time above the $200 level and it later started an upside move. It gained momentum and was able to move above the $250 and $260 resistance levels. The upside move was strong and the price succeeded in moving above the $300 level.

More importantly, there was a break above a major horizontal resistance at $290 on the 4-hours chart of BTG/USD. The pair traded above the $350 level and closed above the 100 simple moving average (4-hour). It traded as high as $368 and is currently correcting lower. An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $198 low to $368 high at $328. However, the most important support is around the $290 and $300 levels. The 38.2% Fib retracement level of the last wave from the $198 low to $368 high is also at $303 to act as a support.

Bitcoin Gold Price Weekly Analysis BTG USD

Therefore, the $300 level is now a major support and buy zone in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for BTG/USD is strongly placed in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BTG/USD is gaining momentum above the 65 level.

Major Support Level $300

Major Resistance Level $350

 

Charts courtesy ...

18:58

Six Months Later Bitcoin Cash Support Continues to Grow Bitcoin News

Six Months Later Bitcoin Cash Support Continues to Grow

Over the past few weeks, theres a lot going on within the bitcoin cash (BCH) ecosystem. Just recently businesses and service providers have been working towards changing their infrastructure to the new BCH address format. Additionally, the bitcoin cash environment got more support from organizations like the Bitclub Network and the merchant Kimchi Socks.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

The Bitcoin Cash Ecosystem Shows Enormous Growth In Just Six Months

The bitcoin cash blockchain is trucking along after close to six months since it forked from the bitcoin core blockchain. At the moment, the BCH markets are holding strong after most cryptocurrencies fell in value alongside bitcoin core markets. Currently, the price per BCH is around $2,750 and global markets are trading roughly $1.1Bn worth of 24-hour volume. Bitcoin cash has the sixth highest trade volume today, and the most traded currency with BCH is bitcoin...

17:50

US Treasury Secretary Addresses Anonymity, Sanctions And Digital Currencies Cointelegraph.com News

The US Secretary of the Treasury, Steven Mnuchin, made a number of statements regarding the international use of digital currencies at a meeting of the Economic Club of Washington on Friday. #NEWS

17:45

3 Web Giants That Could Be Decentralized on a Blockchain "IndyWatch Feed Economics"

3 Web Giants That Could Be Decentralized on a Blockchain by Brady Dale  Coin Desk TDC Note This could possibly be a great use of the blockchain. Disrupting these giant tech companies and stripping their monopolies would be huge...

The post 3 Web Giants That Could Be Decentralized on a Blockchain appeared first on The Daily Coin.

17:30

Bitcoin Price Weekly Analysis BTC/USD To Recover above $15,000 NewsBTC

Key Points

  • Bitcoin price traded lower this past week and tested the $12,600 support against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
  • The price has to break the $14,500 level and the 100 simple moving average to gain upside momentum.

Bitcoin price is stable above the $12,600 against the US Dollar. BTC/USD could soon gain momentum above $14,500 to move past $15,000 in the near term.

Bitcoin Price Upside Move

This past week was slightly bearish for bitcoin price as it moved below the $14,000 level against the US Dollar. The price traded lower and moved towards the $12,200 level. A low was formed at $12,670 from where the price started an upside move. It traded above the $13,000 level and the 23.6% Fib retracement level of the last decline from the $17,112 high to $12,670 low.

During the upside, there was a break above a major bearish trend line with resistance at $13,800 on the 4-hours chart of BTC/USD. The pair managed to move above the $13,900 level. However, the upside move was protected by the $14,000 level and the 100 simple moving average. Moreover, the 38.2% Fib retracement level of the last decline from the $17,112 high to $12,670 low also acted as a resistance. It seems like the price has to move above the $14,500 level and the 100 SMA to gain upside momentum.

Bitcoin Price Weekly Analysis BTC USD

Once there is a break above the $14,500 level, there are chances of it breaking the $15,000 level in the near term. The overall bias is stable above the $12,500 level with an initial support on the downside at $13,200.

Looking at the technical indicators:              

4-hours MACD The MACD is showing a few positive signs of a trend change.

4-hours RSI (Relative Strength Index) The RSI is struggling to move above the 50 level.

Major Support Level $12,500

Major Resistance Level $14,500...

16:52

Treating bitcoin as an investment "IndyWatch Feed Economics"

When bitcoin first emerged, it did so as a digital currency. Supporters of the new venture were convinced that it would supplant fiat currency and become the new normal, used in day-to-day transactions and as a storage of wealth simultaneously. Even now, bitcoin is commonly defined as a digital currency, and there are opportunities for

16:28

Ethereum Price Weekly Analysis ETH/USD Breaks $1400 NewsBTC

Key Highlights

  • ETH price extended its gains and was able to move above $1400 against the US Dollar.
  • There was a break above a major descending channel with resistance at $1230 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair might continue to extend its gains above the $1400 level in the near term.

Ethereum price is in a major uptrend against the US Dollar and Bitcoin. ETH/USD broke the $1400 level and it is likely to extend gains going forward.

Ethereum Price Rise

This past was overall positive for ETH price as it remained supported above $1200 for more gains against the US Dollar. There was a dip towards the $1079 level where buyers appeared and protected losses. Later, a new upside wave was initiated and the price was able to move back above the $1200 and $1250 levels. The rise in ETH was excellent as it managed to move above the $1400 level and traded to a new all-time high at $1412.82.

During the upside move, there was a break above a major descending channel with resistance at $1230 on the 4-hours chart of ETH/USD. At the moment, the price is correcting lower and is trading below the $1400 level. An initial support on the downside is around the 23.65% Fib retracement level of the last wave from the $1079 low to $1412 high. It seems like the price is placed nicely in the bullish zone above $1300 and it is very likely to move back above $1400 for more gains.

Ethereum Price Weekly Analysis ETH USD

On the downside, the most important support is around the 50% Fib retracement level of the last wave from the $1079 low to $1412 high at $1245. The same $1245 level acted as a resistance level and it may act as a buy zone in the near term.

4-hours MACD The MACD is nicely moving in the bullish zone.

4-hours RSI The RSI is currently near the 65 level with bullish signs.

Major Support Level $1245

Major Resistance Level $1400

 

Charts courtesy ...

16:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.00010 BTC = 1.36 USD
1.00 USD = 0.00007 BTC
Converter

15:51

Another Stagnant Company Reaps the Blockchain Benefits Bitcoin News

Another Stagnant Company Reaps the 'Blockchain Benefits'

This week another company reaped the benefits of adding blockchain technology to the firms business model. The publicly listed company, Ameri Holdings (AMRH), revealed on January 10 that it was going to utilize the emerging tech within its operations. The company got a swift market valuation boost from the announcement. According to reports Ameri Holdings was previously considered unprofitable, and its cash reserves had been dwindling.

Also Read: Peak Blockchain Hype? Firm With No Revenues and No Product Is Worth $1.2 Billion

A Stagnant Cloud Company Goes Blockchain and Its Public Shares Soar

Another Stagnant Company Reaps the 'Blockchain Benefits'

Over the past few weeks, weve reported on a few companies using the blockchain hype to their advantage. For instance, the Long Island Iced Tea Corp. changed its name to ...

15:38

Bitcoin Cash Price Weekly Analysis BCH/USD Preparing for Break NewsBTC

Key Points

  • Bitcoin cash price is mostly trading in a range above the $2350 support against the US Dollar.
  • There is a major contracting triangle forming with resistance at $2800 on the 4-hours chart of BCH/USD (data feed from Kraken).
  • The pair has to move either above $2800 or break the $2350 support for the next move.

Bitcoin cash price is preparing for the next break above $2800 against the US Dollar. BCH/USD has a good support on the downside at $2350.

Bitcoin Cash Price Support

There were mostly range moves in bitcoin cash price this past week above the $2350 support against the US Dollar. The price dipped on a few occasions and tested the $2300 and $2200 support levels. However, the downside move was well supported with pivot as $2350. On the upside, the price struggled to break the $2700 and $2800 resistance levels.

The last dip was strong as the price moved below the $2200 level and traded as low as $1999. Later, the price recovered sharply and moved back above the $2400 level. The upside move was decent and the price was able to close above $2500 and the 100 simple moving average (4-hours). Moreover, it is now above the 50% Fib retracement level of the last decline from the $2948 high to $1999 low. It seems like there is a major contracting triangle forming with resistance at $2800 on the 4-hours chart of BCH/USD.

Bitcoin Cash Price Weekly Analysis BCH USD

The pair may continue to trade in a range above $2350. However, it needs to break either the $2800 resistance or break $2350 for the next move. Above $2800, the price could accelerate above the $3000 level in the near term.

Looking at the technical indicators:

4-hours MACD The MACD for BCH/USD is slightly placed in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI for BTC/USD is still above the 50 level.

Major Support Level $2350

Major Resistance Level $2800

 

Charts...

12:57

Calls for Legal Bitcoin in Ukraine, as Natsbank Mulls E-Fiat Bitcoin News

Calls for Legal Bitcoin in Ukraine, as Natsbank Mulls E-Fiat

Ukraine, now serious about crypto regulation, is setting up a special working group to oversee the completion of the necessary framework. Dedicated legislation has been making its way through parliament since October. The National Bank is considering plans to emit e-hryvnias, while the justice minister says bitcoin is a fact and calls for its legalization.

Also read: Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

Crypto Matters in Ukraines Security

Cryptocurrencies have been addressed as a major topic of discussion during a meeting of the National Cybersecurity Coordination Center on Thursday. Participants took a closer look at what they referred as uncontrolled circulation of cryptocurrencies on the territory of Ukraine, Froklog reported. According to representatives of Ukraines National Bank, Security Service and National Police the absence of control and the anonymity of transactions create conditions for laundering money acquired through criminal activities. Unsurprisingly, Ukrainian officials also noted the possible use of cryptos to purchase illicit goods, like drugs and weapons. The black list wouldve been incomplete if financing terrorism was not mentioned, and so it was.

...

10:40

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency Bitcoin News

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency

Bank Indonesia, Unitary State of the Republic of Indonesias central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as virtual currency such as bitcoin.

Also read: Ditch University and High Transaction Fees!

Bank Indonesia Warns All Parties

Bank Indonesia Warns To All Parties To Not Sell, Buy or Trade Virtual Currency is the title of todays missive from Bank Indonesia by way of its Department of Communications. It affirms that virtual currency including bitcoin is not recognized as a valid payment instrument, so it is prohibited to be used as a means of payment in Indonesia.

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency

Bank Indonesia (BI) is the Republics central bank, and as such it has been unusually active and belligerent with regard to cryptocurr...

10:00

KPN Shows Support for NEO by Hosting a Consensus Node in Their Data Center NewsBTC

No one can deny cryptocurrency is about much more than just Bitcoin. That is a positive development, as Bitcoin is not perfect. Nor does it have all of the answers to our problems either. It is a good currency at times, but right now, its not in the best of shapes. As a result, mainstream companies are slowly showing an interest in other currencies. KPN, for example, has decided to host a dedicated NEO consensus node in their data center. An interesting decision by the Dutch telco.

There is an interesting future ahead for all currencies that are not Bitcoin. Especially those which offer something entirely different from established currencies. NEO is similar to Ethereum in some ways, yet completely different in other aspects. So far, this altcoin has seen great success throughout 2017. It seems that powerful trend will continue into early 2018. Especially when they have some big announcements to make in the coming months.

KPN Sees Merit in NEO and the Smart Economy

One of those announcements has to do with KPN. Most people know this company because its one of the largest Dutch telecommunications companies to date. Surprisingly, KPN decided to hop on the NEO bandwagon. More specifically, the company will host an NEO consensus node within their data center. That in itself is a rather surprising development. Then again, the giant has shown an interest in NEO and the smart economy before. It seems they are only now putting their plans into action, which can have some interesting consequences.

One could argue this news has no major impact. At the same time, the telco giant purposefully chose this altcoin over all other cryptocurrencies on the market. They are seemingly not interested in Bitcoin, Ethereum, Litecoin or XR. Instead, they want to support NEO and become a part of the smart economy. It is an interesting development which will have major consequences. What those consequences might be, is anybodys guess right now. It is a ma...

09:24

Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes Bitcoin News

Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes

Ever since the arrival of bitcoin cash, forked coins have been en vogue. While BCH has succeeded in gaining traction, not only on exchanges, but also in the real world, the stragglers have struggled. There is little evidence that the likes of bitcoin gold and bitcoin diamond are used for anything other than speculation. That speculation can see forked coins pumped to insane highs, as the events of the past 24 hours demonstrate.

Also read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss

Diamond in the Rough

The bitcoin community is, appropriately, split when it comes to forks. Some see these airdropped coins, which are issued to existing bitcoin holders, as an egalitarian distribution strategy that creates an instant user base and active community. Others arent so sure, questioning the motives behind these projects and the lack of infrastructure support.

...

09:12

7 More Serial Entrepreneurs, Blockchain and Crypto Experts Join Viola.AI Advisory Board NewsBTC

(From Left to Right: Prakash Somosundram, Kenneth Tan, Alex Haxton, Peter Sin, Caleb Yap, Brian Condenanza, Gautam Seshadri)

 SINGAPORE, 12 JAN 2018 The worlds first A.I-driven Marketplace for Dating and Relationships, Viola.AI sets to revolutionize the current love industry, leveraging on blockchain technology. 

 With 13-years proven success record in the dating industry, the team behind Viola.AI promises to build the most successful and smartest A.I to create a global and borderless full loop solution from dating, courtship, relationship to marriage.

Viola.AI is an ever-improving, decentralized and secure A.I. Driven Marketplace for dating and relationships that gives data-driven advice, recommendations, concierge and matches to help singles and couples improve their relationships.

Today, Viola.AI announced the latest additions to their line-up of ICO Advisors, all come with a vast experience and diverse expertise, ranging from serial entrepreneurs, blockchain and investment specialists, to tech investors with huge network. This news is a real testament of the importance and value that Viola.AI brings to positively impact billions of people worldwide.

PRAKASH SOMOSUNDRAM 

Serial Entrepreneur, Fintech Influencer, Singapore Government Advisor

Prakash is a leading digital entrepreneur who founded Yolk, a digital agency that served clients like Lenovo, Microsoft, Singapores Ministry of Communications and the Arts. Yolk was acquired by WPP in 2011. He also listed another company TMG on Nasdaq First North. He is highly ranked as an influencer in the fintech space in Asia. In 2016 he was recognized at the Singapore Indian Business Leaders (SIBL) awards.

KENNETH TAN

Co-Founder, FundYourselfNow and Blockchain Writer

Co-founder at FundYourselfNow, a Singapore-based crypto-currency crowdfunding platform, Kenneth is a thought leader and active writer in the blockchain space and has been featured in multiple news organizations such as Business Times Singapore, Zerohedge and other major crypto publications. He has over 10 years of experience in helping start-ups and businesses successfully build their products.

ALEX HAXTON

Cryptocurrency Advocate and Blockchain Consultant

Alex Haxton was an early adopter of Bitcoin in 2012. He began trading and investing in Bitcoin while being a cryptocurrency advocate on social media. Since then, he has become a cryptocurrency and blockchain consultant and advisor to companies seeking to embrace the blockchain and cryptocurrency sphere.

 PETER SIN

Co-Founder, Singapore Bitcoin Club

Peter serves as the Co-Head of Digital Currency Sub Committee of Singapore Cryptocurrency and B...

08:44

Crypto Exchange Kraken Returns with Zero Trading Fees After Multi-Day Outage News CCN

The post Crypto Exchange Kraken Returns with Zero Trading Fees After Multi-Day Outage appeared first on CCN

What was originally planned as a two-hour outage for popular cryptocurrency exchange Kraken, turned into a multi-day ordeal, and an emotional rollercoaster for customers. On January 10th, Kraken announced that they would be performing system upgrades on that would take all of their existing systems offline. However, no one expected a multiple-day outage, as Kraken Continued

The post Crypto Exchange Kraken Returns with Zero Trading Fees After Multi-Day Outage appeared first on CCN

08:30

Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies Bitcoin News

Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies

Brazils Securities and Exchange Commission announced on Friday that local investment funds are prohibited from investing in cryptocurrencies. The countrys regulators are currently working on crypto regulation; seven public hearings have already been held to discuss this subject.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

No Crypto Investments Allowed

Brazil Regulator Prohibits Funds from Investing in CryptocurrenciesThe Securities and Exchange Commission of Brazil (CVM) on Friday issued a circular addressed to all officers responsible for the administration and management of investment funds in the country.

It states that direct acquisitions of cryptocurrencies by investment funds are not allowed. Reuters elaborated: Cryptocurrencies cannot be considered financial assets, regulator CVM ruled, in effect barring funds from investing directly in assets such as bitcoin.

Furthermore, local funds interested in investing in cryptocurrencies indirectly by taking a stake in foreig...

08:30

Malicious Bitmain Website Shows up in Facebooks Advertisements NewsBTC

Cryptocurrency users have become a prone target for cybercriminals these nefarious individuals often target exchanges and digital wallets. However, it seems there is a malicious social media campaign related to a Bitmain phishing website as well. The site looks and feels like the real deal, but it is clearly a fake. Users need to be aware of these problems and remain vigilant at all times. Cryptocurrency mining is very popular and people arent always browsing the correct websites.

The number of phishing attacks against cryptocurrency users has grown significantly. Over the past few years, we have seen numerous attempts at causing financial damage. Exchanges and trading platforms will remain the main target right now. However, someone is trying to trick users into order mining equipment from a fake Bitmain website. Considering how the company is the worlds largest manufacturer of such hardware, it is only normal criminals try to mimic it.

Beware of Fake Bitmain Ads on Facebook

Anyone who gets caught up in this fake website will lose their money. Although it is unclear how many victims there, one Reddit user pointed this issue out to us. More specifically, he lost 0.33 BTC due to this fake Bitmain website. It seems the nefarious site uses a different spelling of the n in the Bitmain name. This also makes the domain name look more legitimate compared to using a slightly different company name. A very problematic development, and one that should not be allowed tot to take place.

Unlike previous phishing sites, the fake Bitmain isnt found on Google. There are no paid search engine advertisements when looking for the company by name. Instead, it can only be found on Facebook. Given the popularity of social media, it is normal criminals will try their hand at this new method. No one knows for sure how long the ad has been running for, though. Moreover, it remains unclear if this ad targets users in specific countries.

All things considered, cryptocurrency users need to be more careful than ever before. Any platform or email can contain malicious ads for services which seem legitimate. Bitmain is the latest victim in the ongoing attack by cybercriminals against cryptocurrency enthusiasts. It is unfortunate sites like these are even approved by Facebook. Big companies often dont have the right staff in place to remain ahead of these phishing sites. It will not be the last of its kind either.

Header image courtesy of Shutterstock

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08:23

Zapit is All Set to Revolutionize the Online Shopping Experience NewsBTC

Zapit is a blockchain based application which reviews products. Currently, it is solely enabled for Amazon products. However, later its horizon is set to widen to include more online marketplaces. Amazon products can be reviewed on the Zapit website, or by installing Zapit plug-in for different browsers. The user can view reviews of the Amazon product he or she is viewing in the browser itself. Also, using the plug-in, users can post a review of the Amazon product they have used already. Zapit pays users for each review published.

It is hard to trust the reviews of products on the Amazon website. There has been evidence of fake reviews for products being posted on product pages on Amazon. It is easy to post fake positive reviews through dummy accounts. Alternately, competitors can just as easily post fake negative reviews using such dummy accounts. It makes trusting Amazon product reviews that much harder. Zapit is addressing these issues for Amazon shoppers. It is a lot smoother to shop for Amazon products after using the Zapit application.

Amazon sellers can post affiliate links of their Amazon products on the Zapit platform. Users will see the reviews on the platform and may buy products using the affiliate links. In this case, Zapit will pay Amazon sellers 4% to 8%! This way, sellers will have double the profit, firstly from their product selling profit, and secondly from the extra percentage profit being paid by Zapit.

Zapit has a powerful review moderation process. This is where blockchains real benefit is displayed as moderators act like miners. Moderators will verify the reviews and can approve or reject them based on their authenticity. Each review needs multiple approvals before it can be published. This moderation process is in addition to the automated flag detection that companies like Amazon and Yelp use to identify spam reviews.

Zapit Token Sale Terms

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08:21

Kraken Exchange Is Back Online After Troublesome System Upgrade CoinDesk

The cryptocurrency exchange has resumed services after a scheduled maintenance that was supposed to take two hours but instead took two days.

06:45

Keiser Report: Mad, Mad Markets (Video) "IndyWatch Feed Economics"

Max Keiser & Rick Ackerman: TopsyTurvy World (Video)

Keiser Report: Mad, Mad Markets Video RT Max Keiser continues pumping the cryptocurrency market. In this episode of the Keiser Report Max and Stacy discuss mad markets, first mover advantage in the blockchain business and the big profits in...

The post Keiser Report: Mad, Mad Markets (Video) appeared first on The Daily Coin.

06:36

Book of Fortune leads player to 19.2 BTC ($279,000) win at BitStarz! NewsBTC

Tuesday, Jan 13, 2018 BitStarz has a reputation for dishing out big jackpots. Plenty of top prizes fell during 2017, with many players waiting in the wings to catch the cash. Keeping the momentum rolling into 2018, another big win has been announced, as Book of Fortune the popular Amatic slot has recently paid out 19.2 BTC ($279,000 approx).

Amatic isnt afraid to present players with a healthy challenge thats for sure, with Book of Fortune being absolutely no exception. Set amidst a mystical realm of castles, wizards, and witches, this game rewards players with magic spells and wondrous bonus features. Through a variety of betting levels, this high volatility game kicks up the level of adventure, with it certainly not afraid to put a bumper prize on the line.

You only need to take a single look at the paytable to see the powerful prizes that Book of Fortune has in store. That being said, one player seems to have cast quite the spell over this Amatic game, having been able to scoop a jaw-dropping payout that will certainly have fellow players talking. Through a single spin, with a 1,000x multiplier in tow, the player from Russia walked away with 19.2 BTC, which equals around $279,000.

BitStarz isnt your standard online casino, as it ranks as the worlds leading hybrid-currency online casino. Leaving the competition in the dust, BitStarz works tirelessly to stay ahead of rival names by delivering the best games and some of the biggest jackpots around. Highly rated and respected by casino industry voice AskGamblers, BitStarz has forged its own trail and now holds a golden reputation amongst players.

Speaking on the bumper win, Srdjan Kapor (BitStarz Marketing Manager) said,

BitStarz has always been proud to host the best games that Amatic has to offer, with Book of Fortune certainly being one of the biggest. We were delighted to hear that a player from Russia was able to spin its reels and win a magical 19.2 BTC prize. Equaling around $300,000, this win really does represent the perfect way to ring in the New Year if you ask us.

About BitStarz

www.bitstarz.io

BitStarz is a true industry trailblazer, as its the very first online casino that allowed players to wager in both bitcoin and international currencies. Thats not all either, as BitStarz goes above and beyond to serve up more than 1,000 games, covering video slots, progressive slots, classic slots, instant play games, and of course countless unforgettable table classics. With a reputable gaming license issued from Antillephone N.V., based in Curacao to confirm its legitimacy, BitStarz also offers super-fast cashout speeds and all-around personal service, ensuring a high-grad...

06:19

Pax Crypto: Russia Proposes First Multinational Cryptocurrency, Expert Blog Cointelegraph.com News

Is it really possible to create a multinational cryptocurrency? Russia wants to change the global trade with Blockchain and cryptocurrencies and make a strong cryptounion #EXPERT BLOG

05:39

Crypto Exchange Kraken Back Online After Extended Downtime Cointelegraph.com News

After more than two days offline, crypto exchange Kraken comes back online with little fanfare. #NEWS

05:36

Chinas Regulatory Authority Warns About Risks of Initial Miner Offerings Bitcoin News

China's Regulatory Authority Warns About Risks of Initial Miner Offerings

National Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance.

Also Read: Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations

Risk Alert on Disguised ICO Activities

NIFA today released an announcement on its website warning about the risks of disguised ICO activities. The warning is in compliance with the Notice on ICO issued by seven ministries last September. It points out that ICO activities are suspected of Three Illegals illegal fundraising, illegal issuance of securities, and illegal sale of notes and bonds. It reads:

All institutions and individuals should immediately stop engaging in ICO activities. With the gradual phasing out of ICO projects nationwide, Initial Miner Offerings (IMO), represented by the token Lianke (formerly known as Wankebi) issued by Xunlei, has emerged as a potentially risky model that warrants vigilance.

Xunleis shares dropped over 27% in reaction to the announcement.

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05:20

Binance: From ICO to the Worlds Largest Cryptocurrency Exchange in Six Months News CCN

The post Binance: From ICO to the Worlds Largest Cryptocurrency Exchange in Six Months appeared first on CCN

A year ago, no one had heard of Binance. Thats because the cryptocurrency exchange which is now the 376th-most popular website in the world would not launch for another six months. Binance Goes from ICO to Worlds Largest Cryptocurrency Exchange in Six Months Binance was bootstrapped through a July 2017 ICO that raised Continued

The post Binance: From ICO to the Worlds Largest Cryptocurrency Exchange in Six Months appeared first on CCN

05:10

Liberty Links 1/13/18 "IndyWatch Feed World"

If you appreciate my work and want to contribute to independent media, consider becoming a monthly Patron, or visit the Support Page.

I wrote an opinion piece about Bitcoin for The Hill in case you missed it: Bitcoin Isn't the Bubble The Global Financial System Is

Top Links

With Support From Nancy Pelosi, House Gives Trump Administration Broad Latitude to Spy on Americans (Thanks "resistance," The Intercept)

Amazon Makes List of Large Companies with Workers Receiving Food Stamps (Taxpayers subsidizing Jeff Bezos, the richest guy in the world, The Columbus Dispatch)

Ecuador and Assange (Craig Murray)

Kamala Harris Went to Bat for Dirty Prosecutors as California Attorney General (This is the Democrats' "rising star," Reason)

Millennials, It's Time to Save in Bitcoin (Interesting perspective from a millennial, The Washington Examiner)

Whatsapp Security Flaws Could Allow Snoops to Slide Into Group Chats (Wired)

Proposal to Expand Mandatory DNA Collection in Virginia Raises...

04:28

FUDsters, Not Misinterpreted Microsoft Partnership, Responsible For IOTA Decline, Clarifies CEO Cointelegraph.com News

Hear what IOTA CEO has to say about the Microsoft Debacle and the overall journey of IOTA. #INTERVIEW

04:02

Warren Buffett Doesnt Understand Cryptocurrencies At All, Says Binance CEO News CCN

The post Warren Buffett Doesnt Understand Cryptocurrencies At All, Says Binance CEO appeared first on CCN

In a January 10th interview on Bloomberg TV, Binance CEO Zhao Changpeng briefly touched on Warren Buffets recent comments that cryptocurrenciesare headed for a bad ending. The interview covered a range of topics, including the situation in South Korea, Binances booming growth, and the exchanges general customer demographics. Eventually, the interview veered towards a discussion Continued

The post Warren Buffett Doesnt Understand Cryptocurrencies At All, Says Binance CEO appeared first on CCN

03:35

Blockchain Platform Makes Internet Service More Private and Affordable Cointelegraph.com News

Internet providing industry is exploring the solutions offered by Blockchain technology which enables anyone to be anything at any time. #SPONSORED

03:10

Kodak Directors Get Massive Stock Grants Day Before Blockchain Hype Caused Shares to Spike 300% "IndyWatch Feed Economics"

Kodak Directors Get Massive Stock Grants Day Before Blockchain Hype Caused Shares to Spike 300% by Wolf Richter Wolf Street Regulators remain soundly asleep. It just gets better and better. When Eastman Kodak Company [KODK] announced a blockchain initiative, its...

The post Kodak Directors Get Massive Stock Grants Day Before Blockchain Hype Caused Shares to Spike 300% appeared first on The Daily Coin.

03:00

The Satoshi Revolution Chapter 4: Crypto. A New Paradigm of Privacy and ID (Part 2) Bitcoin News

Crypto. A New Paradigm of Privacy and ID

The Satoshi Revolution: A Revolution of Rising Expectations.
Section 2 : The Moral Imperative of Privacy
Chapter 4: When Privacy is Criminalized, Only Criminals will be Private
by Wendy McElroy

Crypto. A New Paradigm of Privacy and ID (Chapter 4, Part 2)

[A]ll those who used their knowledge in a bid to enact social change saw cryptography as a tool to enhance individual privacy and to shift power from big, central institutions to the human beings who live in their orbit.

Paul Vigna, Business Reporter at Wall Street Journal

Cryptocurrencies bypass central banks by privatizing the issuance of money and  its transfer across borders. The globe should erupt in applause at the return of financial control to the individuals who produce wealth. Finally, financial justice.   

But a global party over currency freedom would be inadequate because it would overlook another revolutionary aspect of crypto. Cryptocurrencies and the blockchain are a new paradigm of privacy that will replace the old one as surely as the new currency broke the death grip of central banks. Revolutionary forms of identity verification, like blind signatures, have redefined the concept of privacy and returned it to the free market where sharing information advances individualsbut only when and if the individual consents. (See earlier discussion of blind signatures.)  They forge a vision that is uniquely suited to the preservation of freedom in the digital age.

The focus on crypto as a remedy for government surveillance is understandable. Privacy has been nationalized by gover...

02:54

Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs News CCN

The post Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs appeared first on CCN

The $96 billion investment bank Goldman Sachs believes bitcoin is the new gold, the premier store of value in the global finance market. Bitcoin, Natural Progression From Fiat Money In a report sent to the banks clients, Goldman Sachs analyst Zach Pandl wrote that the rapid increase in demand for bitcoin has been triggered by Continued

The post Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs appeared first on CCN

02:30

How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss Bitcoin News

How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss

If youve been into cryptocurrencies long enough, youd know that the price of bitcoin changes very often. There are plenty of bitcoiners who buy the dips and sell the tops, but those plays can have potential risks that people just holding their assets dont have to face. Now, these types of investors are purchasing small amounts of bitcoin and using a strategy called dollar cost averaging.

Also read: Paul Krugman Is Excited to See Bitcoin Have Issues

Day Trading Bitcoin and Intra-Range Strategies Can Be Risky

Many people know that if you have bitcoins, you can sell them when you think the market has reached resistance or a high that will be followed by a significant dip. Its at these times you can make some good money flipping bitcoins. For instance, if you purchase BTC at a low entry point and the price gains by 20 percent and you sell the BTC at that high then theres potential to gain more bitcoins, if it drops back down to any number below the top sale. You can do it just a few times a month, or you can make a career out of trading cryptocurrencies. However, this type of trading technique comes with many risks that can leave traders high and dry. One risk thats tethered to this kind of exchange is leaving funds on a trading platform that could cease operations in a blink of an eye. Lastly, bitcoin prices dont follow most peoples predict...

02:10

In The News Today "IndyWatch Feed Economics"

Bill Holters Commentary On the other hand, gold and silver actually prefer the dark One of the Biggest Crypto Exchanges Goes Dark and Users Are Getting Nervous January 12, 2018 One of the biggest cryptocurrency exchanges has been down for hours and its clients are starting to freak out. Kraken went offline at 9 p.m.... Read more

The post In The News Today appeared first on Jim Sinclair's Mineset.

02:00

Betting against Bitcoin: Low Number of Shorts Shows Skeptics are Scared News CCN

The post Betting against Bitcoin: Low Number of Shorts Shows Skeptics are Scared appeared first on CCN

Economists, bank executives, and a small portion of investors in the traditional finance industry have publicly condemned bitcoin, falsely describing the cryptocurrency as a fraud, a money laundering tool, and a bubble. No Shorts However, as demonstrated in the price trend of bitcoin and the volumes on the bitcoin futures exchanges on the Chicago Board Continued

The post Betting against Bitcoin: Low Number of Shorts Shows Skeptics are Scared appeared first on CCN

01:46

US meddling, Kim's win & cryptocurrencies: Top 5 Putin quotes from his meeting with press "IndyWatch Feed World"

From US interference into other countries' affairs to the cryptocurrency craze, Russian President Vladimir Putin managed to cover a wide range of topics while speaking at his latest major media briefing. Putin sat down with the heads of major Russian media outlets on Thursday. While he mostly commented on international politics, issues such as cryptocurrencies and the digital economy did not go unnoticed by the Russian leader. On who was behind recent attacks on Russia's airbase in Syria: We know who they are. We know whom and how much they paid for these provocations ... aimed at wrecking the agreements that have been reached earlier. It is also an attempt to destroy our relations ... with our partners - Turkey and Iran. We understand it perfectly well and we will act united.

01:35

Japans Virtual Currency Girls Idol Group Performs First Crypto Educational Concert Bitcoin News

Japans Virtual Currency Girls Idol Group Performs First Crypto Educational Concert

Japans new female idol group Virtual Currency Girls performed their first live concert on Friday in Tokyo. Their songs incorporate reminders, advice, and warnings related to cryptocurrency trading. The girls receive their salaries in bitcoin and the shows tickets and merchandise are also sold for the cryptocurrency.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

Virtual Currency Girls First Concert

Japanese 8-member idol group Virtual Currency Girls performed their first concert in Tokyo on Friday. The group was formed last week, as news.Bitcoin.com previously reported.

...

00:46

Maduro urges Latin American states to join oil and gold-backed cryptocurrency project "IndyWatch Feed World"

Venezuela's leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country's oil, gas, gold and diamond riches. "I have a proposal for the economic teams of the ALBA: to assume jointly the creation of an oil-backed petro cryptocurrency, which will be supported with Venezuelan oil and that very soon we will sustain with the wealth of Venezuela's gold and diamonds," Maduro told the delegates of the Bolivarian Alliance for the Peoples of Our America-Peoples Trade Treaty (ALBA-TCP) on Friday. Meeting the high-ranking officials from Antigua & Barbuda, Cuba, Dominica, Grenada, Saint Lucia, Saint Vicente and the Grenadines, Saint Kitts and Nevis, Bolivia, Ecuador and Nicaragua, the President of Venezuela invited them to join him in overcoming what he had previously called a "financial blockade" imposed by the United States

00:21

Shocking Footage Shows Crowd Of Hungry Venezuelans Slaughtering A Cow In The Open "IndyWatch Feed Nthamerica"

ZeroHedge| Venezuelan President Nicolas Maduros plan to order markets to slash prices of food an attempt to combat speculation and rampant inflation of the bolivar has apparently backfired as mobs of hungry Venezuelans have started looting supermarkets and slaughtering cattle in the open to survive, Reuters  reports.

Last week, we reported on near-riots that broke out in Caracas after the mandatory price cuts for food stoked widespread shortages as what little inventory that remained on market shelves quickly disappeared.

Venezuelans are suffering from a plethora of economic and social maladies.Four years of recession and an inflation rate approaching 4,000% by some measures have made the countrys currency practically worthless. Widespread shortages of food and medicine led to violent riots during the spring and early summer of 2017 that resulted in more than 100 deaths, including the burning alive of one suspected Maduro supporter by a crowd of citizens. Law enforcement in the capital and many of the countrys smaller cities has effectively disbanded, leading to a rise in lynchings and streets justice. Indeed, suspected thieves are sometimes killed.

Venezuelas regime probably wouldve collapsed by now if it werent for the aide of Russia and China, which have lent the Maduro regime money in exchange for a discount on future oil deliveries. But now that the price of oil is finally climbing again, Maduro could find himself rescued by commodity markets. In apparent anticipation of higher oil prices, the administration announced late last year that it would finally introduce the Petro a state-designed cryptocurrency that will help Venezuelas customers pay for their goods while circumventing the petrodollar system.

In a shocking example of just how...

00:13

Blockchain CEO: Central Banks Will Hold Bitcoin and Ether in 2018 News CCN

The post Blockchain CEO: Central Banks Will Hold Bitcoin and Ether in 2018 appeared first on CCN

Peter Smith, the CEO of Blockchain, the second most widely utilized cryptocurrency wallet behind Coinbase, stated that central banks will begin to hold major digital currencies like bitcoin and Ethereums native token Ether in 2018. I think this year will be the first year we start to see central banks start to hold digital currencies Continued

The post Blockchain CEO: Central Banks Will Hold Bitcoin and Ether in 2018 appeared first on CCN

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Saturday, 13 January

23:30

Event: 3-5 April 2018 Internet Identity Workshop "IndyWatch Feed World"

Kaliya Hamlin Young

Internet Identity Workshop

The Internet Identity Workshop has been finding, probing and solving identity issues twice every year since 2005. We meet in the Computer History Museum in Mountain View, CA. Every IIW moves topics, code and projects downfield. Name an identity topic and its likely that more substantial discussion and work has been done at IIW than any other conference!

More information on registering, venue, and hotels.

IIW Is More Relevant Than Ever

IIW was started to discuss what was then called user-centric identity and a look at the proceedings from past IIWs will convince you that topics related to user-centric identity are a big part of every IIW.

The recent interest in self-sovereign identity, blockchain-based identity, and related systems has pushed that conversation to a new level.

At the same time, IIW serves as a forum for working on the identity systems and protocols that make the modern Web work such as OAuth, OpenID Connect, User-Managed Access, and Fido, to name a few.

If youre interested in identity, IIW has sessions youll be glad you didnt miss.

23:27

Snail Mail Bitcoin Scam Targets Unfaithful Spouses News CCN

The post Snail Mail Bitcoin Scam Targets Unfaithful Spouses appeared first on CCN

Theres a new bitcoin scam extorting funds from unfaithful spouses, but its using an old-fashioned medium: the United States Postal Service (USPS). Cybersecurity researcher Brian Krebs reports that scam artists have begun sending personalized letters via snail mail, threatening to tell the recipients spouse about an alleged extramarital affair unless he or she pays the Continued

The post Snail Mail Bitcoin Scam Targets Unfaithful Spouses appeared first on CCN

23:20

The Exchange Kraken Returns After More Than 2 Days Downtime Crypto Mining Blog

Kraken, one of the big crypto exchange is finally back online after an extended downtime of over two days due to problems experienced during scheduled and long overdue upgrade of the trading system. The long period of downtime for the popular exchange, especially among European users has caused a lot of different rumors and speculations to circle around, even though the exchange has tried to assure users that all funds are safe. The main concern was that people did not have access to their funds stored on the exchange and within turbulent market that could mean a lot of potential losses, especially for day traders. Anyway, the good news is that no funds were lost and any transfers of crypto to the exchange during the downtime should also be available in the users balances.

Do note that all orders have been cancelled prior to trading resuming and all trading pairs were launched with no orders on the books, so be extra careful at the moment when placing orders, especially for sales or buys with market price. Withdrawals are currently disabled and will remain disabled for a minimum of 12 hours, for fiat or crypto deposits (initiated before, during or following the downtime) users should allow up to 2 additional business days for funds to be credited. Kraken has also activated zero fee trading for all clients (across non-margin trades) starting today and lasting through the end of this month (January) as an excuse for the caused trouble with the long downtime.

Update: It seems that not all issues have yet been resolved and soon after getting back online the exchange has taken down trading until they resolve a problem with the order book data not being displayed properly.

22:45

The Blockchain Name-Change Game And Securities Fraud "IndyWatch Feed Economics"

The Blockchain Name-Change Game And Securities Fraud by Dave Kranzler Investment Research Dynamics The rape and pillage of the blockchain name-change game took on a whole new dimension with Kodak (KODK) this week.  KODK was on the way to...

The post The Blockchain Name-Change Game And Securities Fraud appeared first on The Daily Coin.

22:44

The Bitcoin.com Podcast Network Presents: This Week In Bitcoin Bitcoin News

The Bitcoin.com Podcast Network Presents: This Week In Bitcoin

This week the cryptocurrency portal Bitcoin.com launched a new podcast called This Week In Bitcoin with host Matt Aaron, who discusses the previous weeks hottest news in fifteen minutes. The weekly roundup is just one of the many exciting developments lined up for 2018 happening within the Bitcoin.com podcast network.

Also Read: Paul Krugman Is Excited to See Bitcoin Have Issues

The Bitcoin.com Podcast Network Presents: This Week In Bitcoin

This week Bitcoin.com podcast network host, Matt Aaron,...

22:30

3 Web Giants That Could Be Decentralized on a Blockchain CoinDesk

Blockchain-based startups, many of which are using their own crypto tokens, are taking aim at the centralized monopolies on the web today.

22:00

What the Data Tells Us About Bitcoin in 2017 CoinDesk

Statistics show bitcoin is at the forefront of an increasingly complex ecosystem that continues to grow in a variety of ways. And it refuses to die.

21:02

U2 Frontman Bono Directs Investment Fund into FinTech News CCN

The post U2 Frontman Bono Directs Investment Fund into FinTech appeared first on CCN

Bonos investment startup, The Rise Fund, is diving into fintech, with its maiden investment in the segment going to a robo advisor. The Rise Fund, of which Bono is a co-founder alongside Bill McGlashan and  Jeff Skoll, is backing micro investing app Acorns Grow Inc., taking a page out of the books of Ashton Kutcher (who incidentally Continued

The post U2 Frontman Bono Directs Investment Fund into FinTech appeared first on CCN

20:41

JCO: A Solution to Brewing ICO-palypse NewsBTC

Initial Coin Offerings (ICOs) have been under steadily increasing scrutiny by the US Securities and Exchange Commission (SEC), leaving many companies and would-be investors wondering if they should risk getting into the ICO craze or leave well enough alone.

In early December, the SEC even filed charges against PlexCorps, a company that had raised over $15 million by promising to deliver returns in excess of 1,354% percent over a one-month period. Later in the month, the SEC froze trading on a hot bitcoin stock, The Crypto Company, citing concerns regarding the accuracy and adequacy of information.

This has been the general gist of many of the SEC actions in regards to ICOs, sending shockwaves through the cryptocurrency investment world.

 This space is on fire and everyone wants in, but all this uncertainty around ICOs is making investors nervous, says Fintech entrepreneur and Finova Financial CEO Gregory Keough. The ICO model was a good first iteration, but we saw that it was time to take it to a next-level approach that provides compliance while still delivering a type of crowdfunding opportunity.

JCO Offers ICO 2.0 Alternative

With his attorneys at Cooley LLP, Keough has created what he describes as ICO 2.0 a next-gen hybrid of ICO and initial public offering (IPO) structured to comply with SEC regulations using the JOBS Act Regulation A+ to include non-certified investors in a pathway to the worlds first equity-linked token. He hopes his JOBS Crypto Offering (JCO) model will provide a new avenue for startups to raise capital from a larger pool of investors.

The crypto-investment market is maturing very quickly, says Keough. With the SECs actions, were already moving past the sort of lawless new frontier mentality that was so exciting when Bitcoin and ICOs first took off. Investors are looking for more secure ways to get into the crypto craze, and we are working with Cooley LLP to fill this market demand.

Introduced in the U.S. in November, the JCO is a new crowdfunding mechanism using the blockchain and cryptocurrency to allow companies to raise capital more readily through...

20:30

Canadian Entrepreneur Seeks to Recycle Heat Generated by Cryptocurrency Mining Bitcoin News

Canadian Entrepreneur Seeks to Recycle Heat Generated by Cryptocurrency Mining

A Canadian entrepreneur has sought to recycle the heat generated through bitcoin mining by growing plants and fish suited to the temperatures produced by cryptocurrency mining rigs by utilizing an aquaponic system.

Also Read: Bitcoin Pushes Canada Toward State Crypto Coin

Canadian Entrepreneur Recycles Heat From Cryptocurrency Mining to Grow Food

Canadian Entrepreneur Seeks to Recycle Heat Generated by Cryptocurrency MiningBruce Hardy, a Manitoba-based entrepreneur, has sought to repurpose the heat produced by his bitcoin mining rig to produce edible plants and fish that are suited to the temperatures generated by cryptocurrency mining equipment. Mr. Hardy owns and operates 30 mining rigs, which are housed in a 20,000-square-foot building situated in the Rural Municipalit...

19:50

NewsBTC Collaborates as Media Patron For Blockchain Tech Congress NewsBTC

We are pleased to inform that our editorial has become the Media Patron of @BlockchainTech Congress!

Its the first event of its kind in Poland which is completely dedicated to the topic of the blockchain. During the congress, youll gain a great and unique dose of knowledge, which will definitely inspire you to work.

More information about the event can be found on the website. -> http://blockchaintechcongress.com/
We encourage you to follow social media channels: Facebook -> https://www.facebook.com/BlockchainTechCongress/
Twitter -> https://twitter.com/Blockchain_PL
LinkedIn -> https://www.linkedin.com/showcase/11394601/

The post NewsBTC Collaborates as Media Patron For Blockchain Tech Congress appeared first on NewsBTC.

19:48

The Right ICO Could Be the Best Way to Enrich Yourself NewsBTC

It is known, the investment process can eventually be destroyed by the initial coin offering (ICO) or ensuing token generation events.  The new business model existing in the world of blockchain technology changes traditional fundraising campaigns in the way of clarity, transparent success and safety. The generation of held-for-trading tokens raises the capital in this process.

The peculiarity of ICO is founded on the idea of using the crypto tokens. The two main token types proving the services and products of ICO to the potential investors are utility tokens (app coins) and equity tokens. In case of business success, the investors are able to get the money in cash or as different coins  (e.g. ETH, BTC) by trading on basic cryptocurrency exchanges.  The adventurous for an ICO is the perspective of capital growth that can provide further development of the project based on the blockchain.

ICO investing could be the best way to grow rich  

Throughout 2017, ICO became the most commercially successful and investment attractive way to get the capital for starting the business. Such ICO niches like gambling, finance, healthcare, E-learning are in great demand with investors.

As was said earlier, the substitution of traditional business models with new ones in the world of blockchain technologies bring advanced ways for project development, its fundraising, and realization. First of all, it is absolutely necessary to spend time on learning the rock-solid whitepaper and well-crafted website if the investor is interested in ICO investing. Full knowledge of core ICO audience and the idea of ICO are also essential to start an investment.

A grain of sand on the beach

With the launch of plenty of ICOs and new tokens every week, getting to know them all and understanding the possibility of sustained profit by participating in them is like looking for a grain on the beach. That is why new investors should be aware of the main rules and regulations that are applicable to the country from which the ICO originates. The investors have better chance to differentiate ICOs with wealth potential from scams if they fully understand the business environment.

Generally speaking, the startups organizing the ICOS always try to find the right solution to the problems using blockchain technology. The secret of success lies in understanding the ICO markets subtle aspects, the suggestions and provided solutions.

 The different ways for sports betting

After lots of attempts to develop the newest blockchain PokerStars website, sports betting has remained an untouched ICO sub-niche in the gambling industry. It is natural that players need a favorable and secure environment as much as the investors need the tidy gambling income. The ICOs model simplifies the betting process and fundamentally changes the common gambling industry.

...

19:45

LTC HOOKES LAW? BUY OR SELL? NewsBTC

Back to physics and LTC Hookes Law is whats in play folks. From historical price set ups, the longer the stretch, the stronger the break out and I have emphasized that enough times.

So maybe you should look at buying NEM, IOTA and Monero especially if it closes above that double top as trend resumes.

Lets have a look at other alt coin charts

NEM IS BACK IN LINE

NEM IS BACK IN LINEXEMBTC 4HR Chart for January 13, 2018

As the week nears to an end, NEM is finally getting some traction and from yesterdays analysis, all we need is a close above the 50% Fibonacci retracement.

With higher highs, it is most likely and that is what we are waiting today.

In line with this expectation, I recommend buyers to get in at the close of this candlestick.

LUMENS DIPS TOWARDS MIDDLE BB IS ANOTHER BUYING OPPORTUNITY

LUMENS DIPS TOWARDS MIDDLE BB IS ANOTHER BUYING OPPORTUNITYXLMBTC 4HR Chart for January 13, 2018

As long as XLM candlesticks continue to print, we remain buyers. At the moment, we have a minor spinning tops formation along the 38.2% Fibonacci retracement level and two things can happen.

One, buyers may continue pushing prices higher-and that is w...

18:00

Crypto Derivative Platform Counterparty Is Coming to the Bitcoin Cash Network Bitcoin News

Crypto Derivative Platform Counterparty Is Coming to the Bitcoin Cash Network

This week a new forked counterparty protocol has been announced that will be solely dedicated to the Bitcoin Cash (BCH) network. The team plans to launch its native currency XCPC on March 1 while also detailing there will be a burning as well.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

An Independent Counterparty Protocol Dedicated to Bitcoin Cash

Bitcoin cash supporters were greeted this week by a new development A counterparty protocol for the BCH network. The original counterparty network is a peer-to-peer platform launched in 2014 that allows the creation of financial assets derived from the BTC chain. In order to bootstrap the protocols native currency, developers performed whats called Proof-of-Burn. This method requires the initiation of sending a cryptocurrency to an address that is unspendable. During the creation period of XCP in January of 2014, 2125.63 BTC were burned by being sent to an unspendable address. Essentially the counterparty protocol can create other types of assets like bond notes, collectible cards, and loyalty rewards that are backed by the security of the BTC blockchain.

...

16:11

Forking Bitcoins bring two new cryptos NewsBTC

Last year Bitcoin forked multiple times but the most successful one was Bitcoin Cash providing a rival chain that caused a rift within the BTC community. This year both versions are forking again and two new blockchains are imminent, with World Bitcoin already arriving.

WBTC has already split from the Bitcoin chain at block 503,888. According to its founders it has been created to solve a number of existing problems with Bitcoin. Anyone that has used it is well aware of the transaction fees and the arduous hours it takes to send or receive. World Bitcoin aims to evolve beyond the current blockchain into something far more efficient;

We call it World Bitcoin because we want to solve the practical problems in the Bitcoin Network from a global perspective and offer more diverse scenarios of applications,

By creating blockchain 3.0  the founders want to develop a system characterized by an infinite platform of smart contracts, high concurrency, low fees and blocks with upper limits. According to a WBTC Medium post the team said;

In such areas as financial services, food security and culture and entertainment, concepts in blockchain technology have already been adopted in real life. Just like Internet +, blockchain + will have a significant impact on the upgrade of the whole industry and WBTC will spearhead that change.

In total there will be 2.121 billion WBTC, with 21 million being managed by the WBTC Foundation for marketing, building a global ecosystem, and developing new features. Bitcoin users can get 100 WBTC for 1 Bitcoin.

Bitcoin Candy is the second fork due to split from the Bitcoin Cash chain at block 512,666 where it will continue on its own 8Mb block chain. BCH users will get CDY at a ratio of a thousand per Bitcoin Cash. The vision behind this one is a system resilient to quantum computing which many speculate will break the existing blockchain model. The Bitcoin Candy website states;

As top technology companies like D-Wave, IBM and Intel are ramping up their investment in quantum computing research and development, the age of quantum computing will probably arrive in five to ten years. As such, ECDSA-based cryptocurrencies will become breakable by quantum computers. The CDY team will focus on experimenting with post-quantum signatures to secure cryptocurrencies.

Blocks will be created much faster, at a rate of every two minutes and a total supply of 21 billion will be available, 10% of which will be pre-mined as an incentive for early developers and adopters. 2018 is likely to see a lot more forks in the Bitcoin ecosystem which continues to evolve beyond its original and somewhat obsolescent...

16:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.00010 BTC = 1.44 USD
1.00 USD = 0.00007 BTC
Converter

15:51

Ditch University and High Transaction Fees Praxis Accepts Bitcoin Cash Bitcoin News

Ditch University and High Transaction Fees - Praxis Accepts Bitcoin Cash

Praxis is an intern, apprentice-like placement company, acting as a practical, resum building experience for those who believe university is a waste of intellect and time and treasure. Recently, theyve announced tuition can be paid in bitcoin cash, which offers near instant transaction times and low fees.

Also read: Indias Bitcoin Exchange Banking Problems

Praxis Accepts Tuition in Bitcoin Cash

We want to provide the best payment options available to our customers, Derek Magill of Praxis responded when asked by ...

14:35

Russian Ministry of Finance to Legalize Cryptocurrency Trading on Approved Exchanges Cointelegraph.com News

The Russian Ministry of Finance has drafted a bill to legalize the trading of cryptocurrencies on approved exchanges. #NEWS

14:12

Blockchain in Logistics Industry Will Improve Transparency, Enhance Process Accountability Cointelegraph.com News

Communication flow and logistics is an essential aspect of human existence, and Blockchain improves it significantly.

14:00

A Visual Comparison Between Bitcoin and Other Markets Bitcoin News

A Visual Comparison Between Bitcoin and Other Markets

The market cap of cryptocurrencies, the worlds fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonalds. Still, it looks tiny compared to other global markets.

Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland

A Visual Comparison Between Bitcoin and Other Markets

The site The Money Project has put together a series of interesting pictures describing the market cap of the worlds money and markets. Each block square is worth $100 billion.

Apple, a world leading tech giant, has a market cap of over $800 billion. But Bitcoin prognosticator Ronnie Moas, founder and director of Standpoint Research, predicted that Bitcoin n...

13:00

Kentucky Fried Chicken Canada Launches Bitcoin Bucket Bitcoin News

Kentucky Fried Chicken Canada Launches Bitcoin Bucket

Bitcoiners in the past few days have witnessed mainstream media spreading rumors about South Koreas ban on cryptocurrency. This, as always, caused some panic selling. But hey, dont be upset. Colonel Sanders is here to spread some fried chicken joy amid the crypto bloodbath. KFC Canada tweeted today they are accepting Bitcoin for the finger lickin chicken. 

Also Read: Paul Krugman Is Excited to See Bitcoin Have Issues

Bitcoin Backed by Fired Chicken

Kentucky Fried Chicken Canada tweeted this Friday that customers now can pay for a bucket of the Colonels Original Recipe in bitcoin. Renamed the Bitcoin Bucket, the Canadian outlet has priced the chicken at 20 Canadian Dollars ($16), and that includes 10 original recipe tenders, waffle fries, a medium side, gravy and two dips.

The Canadian outlet posted on its website Welcome to 2018, Canada.

KFC Canada presents The Bitcoin Bucket. Sure, we dont know exactly what Bitcoins are, or how they work, but that shouldnt come between you and some finger lickin good chicken.

Showing awareness of bitcoins volatility, the company has set up a Facebook Live feed, displaying the number of bitcoins needed to pay for the meal. The video played for four hours.

Despite the ups and downs of Bitcoin, the Colonels Original Recipe is as good as always. So, trade your Bitcoins for buckets and invest in something fin...

11:50

Bitcoin Enthusiast Finds Undiscovered Cave and Names It Satoshi Bitcoin News

Italian Explorer Finds Undiscovered Cave and Names It Satoshi

Few people will ever encounter an undiscovered natural wonder, and then have the pleasure of naming it. Thats what happened to Guido Turricchia and his intrepid band of explorers deep within the Papua New Guinean jungle and deep beneath the earth. The speleologist found a new cave and had the honor of christening it. The epithet the environmental engineer and bitcoin enthusiast chose? Why, Satoshi.

Also read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland

Blockchain meets Rockchain

For the past month, Guido Turricchia, Andrea Felici, and Maurizio Buttinelli have been AFK and thus divorced from bitcoin price moves and cryptocurrency drama. On December 10, the trio of experienced explorers left Italy to embark on their most ambitious trip yet through the dense rainforest of Papua New Guinea. The southwest Pacific nation, which lies north of Australia and to the east of Indonesia, is famed for its biological diversity.

Italian Explorer Finds Undiscovered Cave and Names It Satoshi

Guido and his group witnessed many enchanting sights as they trekked through the jungle, but they were saving themselves for the beauty that lay within the earth. From Guatemala to Costa Rica, the speleologists have...

11:25

New Year, New Forks: World Bitcoin and Bitcoin Candy Expected Soon Bitcoin News

New Year, New Forks: World Bitcoin and Bitcoin Candy are Expected Soon

The fork of Bitcoin Cash sparked a wave of airdrops and bitcoin-related fork projects in 2017. A new project, World Bitcoin (WBTC), is to fork at block 503,888 on or around January 12. Unlike other hard forks introducing new features to overcome Bitcoins limitations, WBTC will focus on building a global application infrastructure, according to its website. 

Also Read: Markets Update: Cryptos Look for Relief After South Korea FUD Causes Losses

Fork at Block 503,888

The total amount of WBTC is 2.121 billion, among which 21 million WBTC will be managed by the WBTC Foundation for the purpose of marketing and building a global ecosystem and developing new features. After the fork, Bitcoin users can get WBTC an the ratio of 1 BTC =100 WBTC.

New Year, New Forks: World Bitcoin and Bitcoin Candy are Expected SoonThe team claimed that the President of Xunlei Ltd. (NASDAQ:XNET), Sean Zou, is one of their advisors, but Xunlei released an official announcement this Monday denying that Sean Zou is a member of the WBTC team. Xunlei added that investors should do their homework instead of blindly buying rumors.

The project has by far made their...

10:58

Mining Operations Offered to India After Mixed Signals from Beijing Bitcoin News

Mining Operations Offered to India after Mixed Signals from Beijing

Members of the Indian crypto community have received offers to set up mining facilities after reports of potentially negative developments for miners in China. According to local media, businesses are already exploring such opportunities as India has some of the lowest electricity rates. Upcoming regulation, however, may put some hurdles on the track.

Also read: Chinese Authorities Ask Local Miners to Submit Monthly Status Reports

Companies Expect Clear Guidelines

As China stamps out bitcoin miners, India sees opportunity, a Mumbai-based publication speculated, quoting sources from the sector. More than three quarters of the mining hardware have been installed in China, producing 80 percent of the worlds bitcoin supply, while Indian operations account for just 2 percent, according to the DNA daily, published in the financial capital.

...

10:38

Kraken Down Nearly 48 Hours, Gives Engineers Time to Rest' Before Resuming Service Cointelegraph.com News

Naptime is important for grownups, too. Thats Krakens position, as the exchange gives engineers time to rest in middle of extended downtime due to upgrade problems. #BREAKING

09:42

Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency Bitcoin News

Swedens Giant Bank Nordea Allegedly Forbids Employees from Owning or Trading Cryptocurrency

A giant Northern European bank, Nordea, has allegedly enacted a company policy which forbids its employees from owning or trading in bitcoin or other cryptocurrencies. The banks current executive team have a long history of on-the-record skepticism toward bitcoin.

Also read: Banks in India Block Crypto Accounts

Nordea Bank Allegedly Forbids Employees from Owning Crypto

The once Swedish bank Nordea Bank AB, now headquartered in Finland (home of its largest shareholder) has reportedly forbade all of its employees from owning or trading in bitcoin or other cryptocurrencies. The alleged move might not be a surprise to long-term watchers of the bank and its executive team.

Chairman Bjrn Wahlroos opinions on bitcoin go back to at least 2014, and he lamented then the decentralized currencys supposed...

09:29

Smart Contracts Are Taking Over Functions of Lawyers: Expert Blog Cointelegraph.com News

Lawyer was busted while tried to garner Bitcoins in a corrupt transaction. #EXPERT BLOG

09:10

Silver Antidote to Bubble Craziness "IndyWatch Feed Economics"

Silver Antidote to Bubble Craziness by Gary Christensson Deviant Investor CHARACTERISTICS OF BUBBLE CRAZINESS: U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone! Bitcoin and other cryptos are definitely in...

The post Silver Antidote to Bubble Craziness appeared first on The Daily Coin.

08:30

T.Mickauskas: Bitcoinus Will Rule the Blockchain Payments in 2 Years NewsBTC

Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed $3 trillion level when we combine all worldwide sales expectations.

Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, Bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.

E-commerce continues to skyrocket

 

Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.

Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in Bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.

Bitcoinus is an online crypto processing company targeting this once in a lifetime market opportunity to expand at an incredible pace.

Media attention to blockchain based products and specifically cryptocurrencies like Bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.  Says Tomas Mickauskas, the founder of Bitcoinus.

Crypto Payments in Every E-Shop

The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment.  An individual will no longer need to go through a long and exhausting process of buying cryptos, storing...

08:15

Korea's Crypto Crackdown Talk Draws Backlash From Users and Politicians CoinDesk

South Korea's citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move.

08:13

Bitfury and First Block Capital Make Strategic Investment In Emercoin Cointelegraph.com News

Bitfury and First Block Capital have announced a strategic investment in Emercoin. #SPONSORED

07:27

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations Bitcoin News

Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations for 10k+ Deposits

Exchanges are regarded by many in the cryptocurrency world as a necessary evil. They provide liquidity and an on-ramp from fiat currency, but many other aspects of their service leaves a lot to desired. From onerous KYC requests to sudden withdrawal of service, nary a week goes by without major exchanges leaving customers seething. This week, Coinbase and Kraken have been bearing the brunt of the rage, but theres good news from Bitfinex at least, which is open for registrations again with a $10k fiat or crypto minimum.

Also read: Bitstamp Is Asking Users Who Want to Withdraw a Lot of Questions

Kraken Goes Down and Stays Down

Cryptocurrency exchanges are frequently forced offline for maintenance, but such outages usually take less than an hour to resolve. Kraken announced that it would be going offline on Thursday January 11, and was expected to be back the same day. 24 hours later though and theres no sign of the exchange, with an update posted at 7am on Friday January 12 stating:

We are still working to resolve the issues that we have identified and our team is working around the clock to ensure a smooth upgrade. This means it may still take several hours...

06:59

Big Chinese Bitcoin Miners Are Turning to Canada Bitcoin News

Big Chinese Bitcoin Miners Are Turning to Canada

The bitcoin mining industry in China appears to be expanding to favorable locations around the world right now. Quebec is one such location where the Chinese have taken refuge, and many more might be on the way.

Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland

Cold Power

Big Chinese Bitcoin Miners Are Turning to CanadaJust a couple of days ago we reported how the Canadian province of Quebec is trying to leverage its cold weather and cheap hydro-electric power to attract bitcoin miners, specifically those from China. Now we can say that Quebec-based companies are already enjoying this new boom in business that the Chinese miners are...

06:42

Next Up, Paying Uncle Sam Taxes in Bitcoin News CCN

The post Next Up, Paying Uncle Sam Taxes in Bitcoin appeared first on CCN

The ink is barely dry on President Trumps tax legislation, and a new bill has surfaced in Arizona that kicks things up another notch. The bill proposes using bitcoin to pay state income taxes, and it was submitted by Senators Warren Petersen and David Farnsworth as well as Reps. Travis Grantham and Jeff Weninger, all Continued

The post Next Up, Paying Uncle Sam Taxes in Bitcoin appeared first on CCN

06:35

Belfrics Granted Sandbox License to Open Crypto Exchange in Bahrain Bitcoin News

Belfrics Granted 'Sandbox License' to Open Cryptocurrency Exchange in Bahrain

The Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company to receive an official mandate to open a cryptocurrency exchange in the Middle Eastern/North African region.

Also Read: Belfrics Begins Roll-out of African Bitcoin Exchanges in Kenya

Central Bank of Bahrain Grants Sandbox License to Belfrics

Belfrics Granted 'Sandbox License' to Open Cryptocurrency Exchange in BahrainMalaysian-based cryptocurrency technology provider, Belfrics Global, has successfully received a mandate from Bahrains central bank to open a cryptocurrency exchange in the nation. The approval granted by the central bank of Bahrain is expected to give Belfrics access to the $50 billion USD digital transaction industry of the Middle Eastern/North African nation.

Th...

06:00

Tennessee Might Also Recognize Blockchain Data Through Proposed Law CoinDesk

A lawmaker in Tennessee has filed a new bill that recognizes a blockchain signature as a kind of legal electronic record.

05:59

Paul Krugman Is Excited to See Bitcoin Have Issues Bitcoin News

Paul Krugman Is Excited to See Bitcoin Have Issues

Yesterday on January 11 the American economist and professor of economics, Paul Krugman, seemed pretty excited about The North American Bitcoin Conference not being able to accept bitcoin for tickets. Krugman tweeted our recent article to his 4 million followers gloating that bitcoin is too clunky and expensive.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

Does Bitcoins Fee and Congestion Issues Give Paul Krugman the Upper Hand?

On January 10 news.Bitcoin.com reported on the unfortunate predicament organizers of The North American Bitcoin Conference (TNABC) had to deal with due to fees and network congestion, TNABC stopped processing bitcoin payments for tickets. The news spread like wildfire throughout the cryptocurrency community, with people clamoring about how depressing it was one of the largest bitcoin conferences couldnt accept the cryptocurrency for entry into the event. The economist and New York Times contributor Paul Krugman thought the subject was interesting as well when he tweeted our story yesterday. When Krugman shared our article to his followers he stated:

...

05:22

Koreas Opposition Party Rallies Against Proposed Cryptocurrency Trading Ban News CCN

The post Koreas Opposition Party Rallies Against Proposed Cryptocurrency Trading Ban appeared first on CCN

As recently reported by CCN, the cryptocurrency market took a hit after the South Korea Ministry of Justice revealed it plans to continue drafting a cryptocurrency trading ban bill. The market soon started to recover, after the South Korea Ministry of Strategy and Finance came forward and stated that it does not support nor agree Continued

The post Koreas Opposition Party Rallies Against Proposed Cryptocurrency Trading Ban appeared first on CCN

05:00

Former Customers Sue Crypto Exchange Vircurex Over Frozen Funds CoinDesk

Former Vircurex customers are suing the exchange, four years after it first froze their funds and allegedly failed to repay them.

04:19

EOS Price Spikes 40% as South Korea Cryptocurrency Market Recovers From FUD News CCN

The post EOS Price Spikes 40% as South Korea Cryptocurrency Market Recovers From FUD appeared first on CCN

EOS has surpassed $9 billion in market valuation for the first time in history, recording a daily gain of over 40 percent as the South Korea cryptocurrency exchange market recovered from the trading ban FUD. EOS Popular in South Korea Over the past 48 hours, the global cryptocurrency market struggled to rebound from a major Continued

The post EOS Price Spikes 40% as South Korea Cryptocurrency Market Recovers From FUD appeared first on CCN

04:02

Crypto Mining Overloads Infrastructure In Small WA County Cointelegraph.com News

A small Washington county is overloaded by crypto mining, plans to build more data centers to match the high demand #NEWS

04:00

China's Internet Finance Association Warns on 'Initial Miner Offerings' CoinDesk

The National Internet Association of China warned against "initial miner offerings," referring to them as "disguised ICOs" on Friday.

03:56

Ukraine Wants A National Digital Currency, Not Its Own Cryptocurrency Cointelegraph.com News

Ukraine central bank is considering an e-hryvnia rather than national crypto, at least for now #NEWS

03:50

Bill Murphy & Chris Waltzek Ph.D. (Podcast) "IndyWatch Feed Economics"

Bill Murphy & Chris Waltzek Ph.D. Podcast Radio GoldSeek Highlights Bill Murphy of GATA.org, returns with extremely bullish comments on the PMs. Millions of new Bitcoin millionaires may convert a fraction of their digital wealth for something tangible resembling...

The post Bill Murphy & Chris Waltzek Ph.D. (Podcast) appeared first on The Daily Coin.

03:47

Bail Block Charity Helps Inmates Out Of Prison Through Mining Cryptocurrency "IndyWatch Feed World"

A new charitable project hopes help people get out of jail if they are stuck in pretrial detention. Despite the fact that a fair and speedy trial is held up as a core tenant of the US legal system, many people are stuck behind bars for months or even years in some cases, before they are given their day in court. Through the process of bail, people who are of a lower income are at a disadvantage and many often spend extended amounts of time in jail before they face their charges.

The amount of people incarcerated without charges has steadily increased over the years. According to a recent report from the Pretrial Justice Institute, nearly two-thirds (63%) of the people in U.S. jails are unconvicted individuals, Compared to slightly more than half (51%) In 1990.

There are many charities and nonprofit groups involved with helping unconvicted people make bail, but a new effort called Bail Block is hoping to achieve this goal by harnessing the power of the blockchain. Bail Bock uses cryptocurrency miners to generate bail funds for unconvicted inmates.

According to the groups website,

When you download the app, a small part of your computers unused processing power is redirected toward mining a popular cryptocurrency called Monero, which is secure, private, and untraceable. At the end of every month, we exchange the Monero for US dollars and donate the earnings to the Bronx Freedom Fund.

100% of the currency your computer generates is used by the Bronx Freedom Fund to post bail for low-income people detained in New York effective immediately.Bail funds are revolving, which means theyre returned to their source when people appear for all their court dateswhich, for clients of The Bronx Freedom Fund, happens 96% of the time. Most Bail Bloc users can expect to generate around $3 to $5 per month. It might not seem like much, but because of the revolving funding model, it adds up quickly.

Bail Block uses a newer cryptocurrency Monero instead of Bitcoin. Monero has been rising in popularity especially on the dark web due to its increased anonymity, as well as its lower fees and transaction times.

As the FAQ portion of the website explains, Monero is an ASIC-resistant cryptocurrency, which means two things: that computers designed for the singular purpose of mining cryptocurrency are unable to mine it, and that consumer-level computers can mine it in a financially viable way. It also has a stable value relative to other h...

03:34

It Begins: Govt Agents Raid Exchanges As South Korea Prepares To Ban Cryptocurrency Trading "IndyWatch Feed World"

South Koreas justice minister has announced legislation is in the works to ban cryptocurrency trading after police and tax authorities reportedly raided the countrys biggest exchanges in a tax evasion probe. There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges, Park Sang-ki told []

03:30

Gold, EOS and Our Crumbling Western Civilization (Video) "IndyWatch Feed Economics"

Gold, EOS and Our Crumbling Western Civilization Video maneco64 In this report I cover the early market action from London on Friday, January 12th, 2018. I also look whether we are in the late stages of Western civilization or...

The post Gold, EOS and Our Crumbling Western Civilization (Video) appeared first on The Daily Coin.

03:29

Cryptocurrency exchange Kraken is down and its causing Mt. Gox flashbacks "IndyWatch Feed World"

The San Francisco-based cryptocurrency exchange Kraken has been down since Wednesday night as what was scheduled to be a brief maintenance period has continued for more than 36 hours, Bloomberg reports. We are still working to track down an elusive bug which is holding up launch, the company said in a Friday status update. This

The San Francisco-based cryptocurrency exchange Kraken has been down since Wednesday night as what was scheduled to be a brief maintenance period has continued for more than 36 hours, Bloomberg reports.

Read Full Story

03:20

US Finance Regulators Form Crypto Working Group, Says Mnuchin CoinDesk

Steven Mnuchin said on Friday that the Financial Stability Oversight Council has formed a working group focused on cryptocurrencies.

03:13

The Bitcoin Bucket: KFC Canada Accepts Bitcoin for Fried Chicken News CCN

The post The Bitcoin Bucket: KFC Canada Accepts Bitcoin for Fried Chicken appeared first on CCN

The biggest name in fried chicken has launched a cryptocurrency-themed Bitcoin Bucket, and yes, you can pay for it using the flagship cryptocurrency. KFC Canada Launches Bitcoin Bucket KFC Canada began the publicity stunt on Thursday, advertising the Bitcoin Bucket on social media and livestreaming its price in bitcoin, which constantly fluctuates based on the Continued

The post The Bitcoin Bucket: KFC Canada Accepts Bitcoin for Fried Chicken appeared first on CCN

03:05

Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges Bitcoin News

Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency Exchanges

Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the governments strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

Banks Inadequate Internal Controls

The South Korean Financial Intelligence Unit (FIU) and the Financial Supervisory Service (FSS) jointly conducted on-site inspections of the countrys six major banks on Monday, as news.Bitcoin.com previously reported.

Strict Regulations Force South Korean Banks to Stop Servicing Cryptocurrency ExchangesWoori Bank, KB Kookmin Bank, Shinhan Bank, Nonghyup Bank, Korea Development Bank (KDB), and Industrial Bank of Korea (IBK) are being inspected. The aim of the audits is to ascertain whether these banks have fulfilled their anti-money laundering obligations, as mandated by the government&#821...

02:59

Japanese E-Commerce Giant Launches 7-Asset Cryptocurrency Exchange Cointelegraph.com News

Japanese e-commerce giant DMM Group just launched the countrys latest cryptocurrency exchange #NEWS

02:47

Bitcoin Price Watch; Key Levels Heading Into The Weekend NewsBTC

We are closing in on the end of the European session in the bitcoin space on Friday and the end of the week is fast approaching. This has been something of a rough week for many bitcoin traders and holders, with price maintaining a pretty substantial downside trend throughout the majority of the major sessions and only temporarily recovering from said trend on the odd occasion.

As far as executing on our intraday strategy is concerned, however, things havent been too bad.

All we really look for is volatility and so it doesnt really matter that price had been declining so long as the decline brings with it breaks of key levels and subsequent sustained momentum beyond the initial break.

As we move into the session this evening, then, thats exactly what is on our wish list. We want sustained momentum, volatility, and, only as a final addition to the list, some degree of upside reevaluation heading into the weekend.

So, with all that said, lets get some levels in place that we can use to take advantage of this type of action as and when it plays out. 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 when we get the signals we are looking for.

The chart is a one-minute candlestick chart and it has our primary range overlaid in green.

As illustrated, the range we are using for tonights session is defined by support to the downside at 13768 and resistance to the upside at 13895.

If we see price close above resistance, we will enter long towards 14000. Conversely, a close below support will signal a short entry towards a downside target of 13250.

Charts courtesy of Trading View

The post Bitcoin Price Watch; Key Levels Heading Into The Weekend appeared first on NewsBTC.

02:35

Next Coin to Surge: Stellar Price Soars 28% after Hedge Fund Manager Pump News CCN

The post Next Coin to Surge: Stellar Price Soars 28% after Hedge Fund Manager Pump appeared first on CCN

The stellar price surged 28 percent after cryptoasset hedge fund manager and CNBC contributor Brian Kelly said that XLM could be the next coin to surge. Stellar Price Leaps 28 Percent The stellar price entered 2018 knee-deep in a breakneck 338 percent rally, rising as high as $0.92 on Jan. 4 after trading at $0.21 Continued

The post Next Coin to Surge: Stellar Price Soars 28% after Hedge Fund Manager Pump appeared first on CCN

02:09

Cryptocurrency Market In The Green, Total Market Cap Bounces Back Cointelegraph.com News

Crypto market showing recovery, top 20 coins in the green with gains as high as 37% #NEWS

01:51

Ripple Price Earns MoneyGram Bounce as Market Recovers from Mid-Week Dip News CCN

The post Ripple Price Earns MoneyGram Bounce as Market Recovers from Mid-Week Dip appeared first on CCN

The cryptocurrency markets achieved a near-comprehensive advance on Friday, bolstered by several reports that South Korea was not currently seeking a blanket ban on cryptocurrency trading. The ripple price headlined the day after MoneyGram revealed that it would adopt XRP in an open-ended pilot, while every other top 15-coin or token rose against the dollar Continued

The post Ripple Price Earns MoneyGram Bounce as Market Recovers from Mid-Week Dip appeared first on CCN

01:40

Upside Break on the Way? Zcash Eyes Gains Against Bitcoin CoinDesk

Privacy-focused cryptocurrency zcash is solidly bid against the dollar and could soon see a spike against bitcoin.

00:15

Yoda: Crypto 2018 10 Predictions "IndyWatch Feed World"

Ten cryptocurrency predictions for 2018 from the co-founder of the Blockchain Research Institute

1. The value of cryptocurrencies continues to grow
2. The cryptocurrency craze broadens to embrace blockchain business transformations
3. The new platform for value creation emerges
4. The $10 billion ICO, as ICOs shift towards equity tokens
5. Cracks in the walls of digital feudalism
6. The digital conglomerates wade in
7. The implementation of fiat cryptocurrencies (finally)
8. Regulation feverThe good, the bad and the ugly
9. The social impactbreakthroughs on energy and climate change
10. A year of growing crypto resilience

Read full article with many links.

Friday, 12 January

23:50

Venezuelas Congress declares petro cryptocurrency illegal "IndyWatch Feed Economics"

Venezuelas Congress declares petro cryptocurrency illegal from Reuters TDC Note It seems the Venezuelan Parliament sees El Petro in a different light than President Maduro. Maduro is attempting to hold on to power. I ask where he came up...

The post Venezuelas Congress declares petro cryptocurrency illegal appeared first on The Daily Coin.

22:08

How to Crypto: Guide to BitcoinTalk for ICOs Cointelegraph.com News

Find out everything you need to know about BitcoinTalk for ICO a complete guide to the oldest message board dedicated to Blockchain and crypto. #HOW TO CRYPTO

20:00

In China, You Can Track Your Chicken OnYou Guessed ItThe Blockchain "IndyWatch Feed World"

To guarantee customers that their chickens are actually free-range, Gogochicken is tracking them with an ankle bracelet and putting the information online.

If you buy a free-range chicken in the U.S., its often hard to be sure that the chicken ever went outside. No farm inspections are required to make the claim, and some companies with certificationsincluding a Whole Foods supplierhave been accused of selling free range birds that were raised on factory farms. In China, now consumers who want to feel good about their chickens have another option: free-range and organic birds raised with an anklet that tracks and reports every aspect of their lives.

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