Cryptocurrency news – September 11
1. South Korea: Bitcoin cannot be confiscated
2. The cryptocurrency mining industry is flourishing in Venezuela
3. Russia is developing regulation for cryptocurrencies
4. Estonia will not have own cryptocurrency?
5. Equifax data has been stolen, hackers demand 600 BTC
1. The Korean police seized 216 Bitcoins from a person suspected of illegal activity using the cryptocurrency. However, the local court decided that the seizure of funds was unjustified. This is a landmark precedent, which means that cryptocurrencies like Bitcoin cannot be confiscated.
More: http://dowbit.com/bitcoin-cannot-be-confiscated/
2. Venezuela is home to one of the worst hyperinflation in the world since the Weimar Republic. Venezuelans have found a great way to avoid hyperinflation. They started using Bitcoin as an alternative to the current payment system. Venezuelan miners, using their cryptocurrency miners, had a significant impact on achieving Bitcoin’s high price.
More: http://dowbit.com/venezuelan-cryptocurrency-mining-industry/
3. Russia is in the middle of legitimizing cryptocurrencies. The Russian Minister of Finance, Anton Siluanov, has shared this information recently on a financial forum in Moscow. Siluanov assures Russian users of Bitcoin and other cryptocurrencies, that the government will not prohibit or punish people for the usage of cryptocurrencies.
More: http://dowbit.com/russia-is-developing-regulation-for-cryp…/
4. The news that Estonia wants to create their own cryptocurrency reached Mario Draghi, the president of the European Central Bank (ECB). Draghi quickly pointed out that a national currency will not work in the euro zone and stated that no member state can introduce its own currency; the currency of the euro zone is the euro.
More: http://dowbit.com/estonia-will-not-have-own-cryptocurrency/
5. The recent hacker attack on Equifax systems has caused widespread concern among many Americans. During the attack, as many as 143 million of people’s private data was stolen. Hackers demand 600 bitcoins in exchange for deleting stolen data. This amount of BTC is currently worth approximately $2.6 million. On their website on the darknet, criminals report that Equifax has until 15th of September to send funds. Otherwise, all stolen data will be leaked.
More: http://dowbit.com/equifax-data-has-been-stolen-hackers-dem…/
You can find more information at http://dowbit.com/
See you tomorrow!
Topic: DowBit - Daily Press News - page 3. (Read 3299 times)
Cryptocurrency news – September 7
1. Russian investment fund FinShi Capital investing in ICOs
2. ICO ban in China only temporary?
3. Binance drops out from China
4. GreenAddress – the first mobile wallet with SegWit
1. Russian investment fund FinShi Capital, announced that they will be investing in ICO projects of value up to $1 billion. The target investors are members of Russian “Silicon Valley” Skolkovo. The project has already received support from a recently created Russian Blockchain and Cryptocurrency Association (RABIK), founded by Putin’s advisor, Hermana Klimenko.
More: http://dowbit.com/russian-investment-fund-finshi-capital-w…/
2. The confusion around the ICO in China is slowly falling. After last week rumors about regulations, on Monday the Chinese authorities officially declared ICO illegal. However, yesterday during an interview for the national television CCTV-13, Hu Bing from the Institute of Finance and Banking in China, said that the Chinese government does not rule out the reinstatement of ICO in the country. Such a move would be preceded by the establishment of special licenses for new tokens.
More: http://dowbit.com/is-the-ico-ban-in-china-only-temporary/
3. A Chinese cryptocurrency exchange, Binance announced that: “in the nearest future, the exchange will limit Chinese IP addresses’ ability to trade on the platform. Users from China will still be able to withdraw their funds.” Since yesterday, Binance suspended trades and deposits of HCC, LLT, ELC, BTM and YOYO. It is still possible to withdraw funds from the exchange.
More: http://dowbit.com/binance-drop-out-from-china/
4. GreenAddress is the first mobile wallet with SegWit. Last week, popular hardware wallets, Trezor and Ledger already implemented the new functionality. However a large part of Bitcoin users doesn’t use physical wallets and have to wait for the new version of their current wallets.
More: http://dowbit.com/greenaddress-first-mobile-wallet-with-se…/
You can find more information at http://dowbit.com/
See you tomorrow!
1. Russian investment fund FinShi Capital investing in ICOs
2. ICO ban in China only temporary?
3. Binance drops out from China
4. GreenAddress – the first mobile wallet with SegWit
1. Russian investment fund FinShi Capital, announced that they will be investing in ICO projects of value up to $1 billion. The target investors are members of Russian “Silicon Valley” Skolkovo. The project has already received support from a recently created Russian Blockchain and Cryptocurrency Association (RABIK), founded by Putin’s advisor, Hermana Klimenko.
More: http://dowbit.com/russian-investment-fund-finshi-capital-w…/
2. The confusion around the ICO in China is slowly falling. After last week rumors about regulations, on Monday the Chinese authorities officially declared ICO illegal. However, yesterday during an interview for the national television CCTV-13, Hu Bing from the Institute of Finance and Banking in China, said that the Chinese government does not rule out the reinstatement of ICO in the country. Such a move would be preceded by the establishment of special licenses for new tokens.
More: http://dowbit.com/is-the-ico-ban-in-china-only-temporary/
3. A Chinese cryptocurrency exchange, Binance announced that: “in the nearest future, the exchange will limit Chinese IP addresses’ ability to trade on the platform. Users from China will still be able to withdraw their funds.” Since yesterday, Binance suspended trades and deposits of HCC, LLT, ELC, BTM and YOYO. It is still possible to withdraw funds from the exchange.
More: http://dowbit.com/binance-drop-out-from-china/
4. GreenAddress is the first mobile wallet with SegWit. Last week, popular hardware wallets, Trezor and Ledger already implemented the new functionality. However a large part of Bitcoin users doesn’t use physical wallets and have to wait for the new version of their current wallets.
More: http://dowbit.com/greenaddress-first-mobile-wallet-with-se…/
You can find more information at http://dowbit.com/
See you tomorrow!
Cryptocurrency news – September 6
1. Apartments for bitcoins in Dubai
2. Korea will restrict ICOs as well?
3. Maersk continues testing blockchain in transport
4. Blockchain will increase Nvidia profits
1. Michelle Mone, a lingerie tycoon, along with her partner, Doug Barrowman launched a property development project in Dubai worth 250 million pounds. Offered luxury apartments will be available to purchase in Bitcoins.
More: http://dowbit.com/apartments-for-bitcoins-dubai/
2. In September 2017, a meeting was held aiming to tighten up regulations in South Korea regarding cryptocurrencies, including Bitcoin. The task group included the country’s central bank, financial oversight authorities, and companies dealing with cryptocurrencies. Matters discussed were strengthening user verification procedures on exchanges, and a system of reporting “suspicious” transactions used in banks for cryptocurrency transactions.
More: http://dowbit.com/south-korea-will-restrict-ico/
3. The Danish shipping giant Maersk continues to test Blockchain technology in its business. So far they have completed a 20 week trial period of freight insurance using the technology. As Fortune reports, Maersk with Microsoft and Ernst & Young are developing the possibilities offered by Blockchain in data management in the insurance sector.
More: http://dowbit.com/blockchain-based-solutions-gain-popularity/
4. As various big companies are considering an implementation of the Blockchain technology to their systems, Nvidia might be looking at a serious financial improvement. Corporations such as IBM and Samsung, in order to develop their own projects, currently employ more Bitcoin and Blockchain experts than ever before.
More: http://dowbit.com/increasing-demand-for-blockchain-technology-might-significantly-increase-nvidias-profits/
You can find more information at http://dowbit.com/
See you tomorrow!
1. Apartments for bitcoins in Dubai
2. Korea will restrict ICOs as well?
3. Maersk continues testing blockchain in transport
4. Blockchain will increase Nvidia profits
1. Michelle Mone, a lingerie tycoon, along with her partner, Doug Barrowman launched a property development project in Dubai worth 250 million pounds. Offered luxury apartments will be available to purchase in Bitcoins.
More: http://dowbit.com/apartments-for-bitcoins-dubai/
2. In September 2017, a meeting was held aiming to tighten up regulations in South Korea regarding cryptocurrencies, including Bitcoin. The task group included the country’s central bank, financial oversight authorities, and companies dealing with cryptocurrencies. Matters discussed were strengthening user verification procedures on exchanges, and a system of reporting “suspicious” transactions used in banks for cryptocurrency transactions.
More: http://dowbit.com/south-korea-will-restrict-ico/
3. The Danish shipping giant Maersk continues to test Blockchain technology in its business. So far they have completed a 20 week trial period of freight insurance using the technology. As Fortune reports, Maersk with Microsoft and Ernst & Young are developing the possibilities offered by Blockchain in data management in the insurance sector.
More: http://dowbit.com/blockchain-based-solutions-gain-popularity/
4. As various big companies are considering an implementation of the Blockchain technology to their systems, Nvidia might be looking at a serious financial improvement. Corporations such as IBM and Samsung, in order to develop their own projects, currently employ more Bitcoin and Blockchain experts than ever before.
More: http://dowbit.com/increasing-demand-for-blockchain-technology-might-significantly-increase-nvidias-profits/
You can find more information at http://dowbit.com/
See you tomorrow!
Cryptocurrency news – September 5
1. ICO banned in China
2. New virtual threat – Trickbot
3. Singapore, perfect place for ICOs
4. Pyszne.pl introduces BTC payments
1. ICOs officially was forbidden in China. Seven institutions, responsible for Chinese law regulations, released a statement explaining causes of forbidding capital accumulation through a token sale. In the announcement, it has been clearly stated that since the moment of publication of the statement, all activities related to releasing new currencies shall cease immediately.
More: http://dowbit.com/ico-banned-in-china/
2. The Trickbot has become quite a hot topic, due to recent attacks targeted at financial sectors. It threatens banks from around the world, penetrating their systems through marketing campaigns. Trickbot is a computer virus, more precisely a Trojan, which significantly hinders anti-spam campaigns in USA, Australia and Great Britain. Researchers claim, that the virus has already been operating for a few months, but just recently its attacks grew in power, by exploiting a huge marketing campaign created for a new season of Narcos.
More: http://dowbit.com/new-virtual-threat-targets-the-blockchain-platform-and-cryptocurrencies/
3. The city-state of Singapore gradually becomes the favourite location for Blockchain related startups, which would like to release their own ICO. Singapore has been the center for startups for a long time, due to factors such as: favourable tax regulations, light-touch rules and state funding. In the past, the lion city was the home of many successful ICOs.
More: http://dowbit.com/singapore-is-the-perfect-place-for-companies-launching-their-own-icos/
4. The Polish website cooperating with restaurants and allowing users to order food online has introduced a new payment method.It’s important to note, that this is not the first innovation introduced by the portal. They’ve already introduced new options for the mobile app Android Pay. You can, therefore, pay on the website with a credit card, bank transfer, PayPal, PayU, Sofort Banking, and recently also BitCoin.
More: http://dowbit.com/pyszne-pl-introduces-bitcoin-payments/
You can find more information at http://dowbit.com/
See you tomorrow!
1. ICO banned in China
2. New virtual threat – Trickbot
3. Singapore, perfect place for ICOs
4. Pyszne.pl introduces BTC payments
1. ICOs officially was forbidden in China. Seven institutions, responsible for Chinese law regulations, released a statement explaining causes of forbidding capital accumulation through a token sale. In the announcement, it has been clearly stated that since the moment of publication of the statement, all activities related to releasing new currencies shall cease immediately.
More: http://dowbit.com/ico-banned-in-china/
2. The Trickbot has become quite a hot topic, due to recent attacks targeted at financial sectors. It threatens banks from around the world, penetrating their systems through marketing campaigns. Trickbot is a computer virus, more precisely a Trojan, which significantly hinders anti-spam campaigns in USA, Australia and Great Britain. Researchers claim, that the virus has already been operating for a few months, but just recently its attacks grew in power, by exploiting a huge marketing campaign created for a new season of Narcos.
More: http://dowbit.com/new-virtual-threat-targets-the-blockchain-platform-and-cryptocurrencies/
3. The city-state of Singapore gradually becomes the favourite location for Blockchain related startups, which would like to release their own ICO. Singapore has been the center for startups for a long time, due to factors such as: favourable tax regulations, light-touch rules and state funding. In the past, the lion city was the home of many successful ICOs.
More: http://dowbit.com/singapore-is-the-perfect-place-for-companies-launching-their-own-icos/
4. The Polish website cooperating with restaurants and allowing users to order food online has introduced a new payment method.It’s important to note, that this is not the first innovation introduced by the portal. They’ve already introduced new options for the mobile app Android Pay. You can, therefore, pay on the website with a credit card, bank transfer, PayPal, PayU, Sofort Banking, and recently also BitCoin.
More: http://dowbit.com/pyszne-pl-introduces-bitcoin-payments/
You can find more information at http://dowbit.com/
See you tomorrow!
Cryptocurrency news – September 4
1. China might ban ICOs
2. BTC mining banned in Russia?
3. Crypto investments vs stock investments
4. Ukraine regulates cryptocurrencies
5. Free Dash conferences in Venezuela
1. Reportedly, the Chinese government has made a decision regarding regulating ICOs. According to Caixin’s report, even though there has been no official statement from the Chinese government, it is expected that ICOs are perceived as violating already existing laws for accumulating funds. Due to that news, a conference dedicated to ICOs in Beijing, which was supposed to take place on 2nd of September, has been canceled.
More: http://dowbit.com/china-might-ban-ico/
2. Bitcoin and other cryptocurrencies don’t have easy lives in Russia. Although no official regulations have been introduced, the inconsistent statements of people in power definitely aren’t building trust. Currently forbidding mining Bitcoin in private households is in consideration. At the same time, the largest electricity providers in the country are discussing with miners, how to make the mining process more competitive in Russia.
More: http://dowbit.com/mining-bitcoin-russia-banned/
3. For many traditional stock exchange investors, a word “cryptocurrency” is a synonym of “gambling”. The truth is, assets like Bitcoin or other digital currencies have a very speculative and volatile nature. Investors usually try to estimate the potential growth rate before investing their capital. They usually use financial reports, fundamental analysis as well as analysis of the company’s environment. Unfortunately, the real value of cryptocurrencies is almost impossible to estimate, due to the young age of companies and the whole market.
More: http://dowbit.com/do-cryptocurrency-investments-have-anyth…/
4. During the meeting at the end of August 2017, the government attempted to determine the legal status of digital currencies such as Bitcoin. Ministers agreed to make the actual decision in 3 weeks time. According to Parliament’s People’s Deputy, Oleksander Danchenko, ministers will cooperate with The Ministry of Finance, National Bank of Ukraine, the Verkhovna Rada and the blockchain community, to solve the issue.
More: http://dowbit.com/ukrainian-government-regulates-cryptocur…/
5. Twelve free conferences in Venezuela are to be sponsored by Dash, starting in September and taking place until the end of the year. The idea of these events is an increase of knowledge about virtual currencies (especially Dash) amongst Venezuelans. Increasing hyperinflation caused the popularity of Bitcoin and Ethereum to rise – these two seem to be more effective in terms of value than Venezuelan Bolivar.
More: http://dowbit.com/free-dash-conferences-in-venezuela/
You can find more information on my web page - http://dowbit.com/
See you tomorrow!
1. China might ban ICOs
2. BTC mining banned in Russia?
3. Crypto investments vs stock investments
4. Ukraine regulates cryptocurrencies
5. Free Dash conferences in Venezuela
1. Reportedly, the Chinese government has made a decision regarding regulating ICOs. According to Caixin’s report, even though there has been no official statement from the Chinese government, it is expected that ICOs are perceived as violating already existing laws for accumulating funds. Due to that news, a conference dedicated to ICOs in Beijing, which was supposed to take place on 2nd of September, has been canceled.
More: http://dowbit.com/china-might-ban-ico/
2. Bitcoin and other cryptocurrencies don’t have easy lives in Russia. Although no official regulations have been introduced, the inconsistent statements of people in power definitely aren’t building trust. Currently forbidding mining Bitcoin in private households is in consideration. At the same time, the largest electricity providers in the country are discussing with miners, how to make the mining process more competitive in Russia.
More: http://dowbit.com/mining-bitcoin-russia-banned/
3. For many traditional stock exchange investors, a word “cryptocurrency” is a synonym of “gambling”. The truth is, assets like Bitcoin or other digital currencies have a very speculative and volatile nature. Investors usually try to estimate the potential growth rate before investing their capital. They usually use financial reports, fundamental analysis as well as analysis of the company’s environment. Unfortunately, the real value of cryptocurrencies is almost impossible to estimate, due to the young age of companies and the whole market.
More: http://dowbit.com/do-cryptocurrency-investments-have-anyth…/
4. During the meeting at the end of August 2017, the government attempted to determine the legal status of digital currencies such as Bitcoin. Ministers agreed to make the actual decision in 3 weeks time. According to Parliament’s People’s Deputy, Oleksander Danchenko, ministers will cooperate with The Ministry of Finance, National Bank of Ukraine, the Verkhovna Rada and the blockchain community, to solve the issue.
More: http://dowbit.com/ukrainian-government-regulates-cryptocur…/
5. Twelve free conferences in Venezuela are to be sponsored by Dash, starting in September and taking place until the end of the year. The idea of these events is an increase of knowledge about virtual currencies (especially Dash) amongst Venezuelans. Increasing hyperinflation caused the popularity of Bitcoin and Ethereum to rise – these two seem to be more effective in terms of value than Venezuelan Bolivar.
More: http://dowbit.com/free-dash-conferences-in-venezuela/
You can find more information on my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news – August 31
1. Road to Metropolis – future of Ethereum
2. Moscow Stock Exchange plans to trade cryptocurrencies
3. People’s Bank of China on delegation in USA
4. Australia plans to regulate Bitcoin
1. Recent announcements from the Ethereum core dev team have answered some questions and laid out a roadmap for the Metropolis hard fork, feeding user speculation on the future of the world’s second most popular cryptocurrency.
More: http://dowbit.com/road-to-metropolis/
2. In the nearest future, Moscow Stock Exchange wants to start trading cryptocurrencies. The exchange will also allow trading derivatives and exchange-traded funds (ETF) based on various cryptocurrencies. Moscow exchange currently works on creating suitable infrastructure allowing to exchange Bitcoins and other cryptocurrencies. Such move took place one Russia seemingly forbade average people to buy cryptocurrencies.
More: http://dowbit.com/moscow-stock-exchange-plans-to-start-trading-cryptocurrencies/
3. People’s Bank of China (PBOC) visited Coinbase and Ripple during its delegation in USA. The delegation concerned significant matters related to cryptocurrencies. A local weekly newspaper, Sohu reports, that visits in various startups in San Francisco was a part of a mission, aiming to help to understand American attitude towards Blockchain regulations.
More: http://dowbit.com/peoples-bank-of-china-on-delegation-in-usa/
4. The Australian government believes that it’s high time to start fighting with increasing organized crime. According to ACIC’s report, Bitcoin and altcoins are widely used by criminals and had a significant contribution in increased lawlessness.
More: http://dowbit.com/australia-plans-to-regulate-bitcoin/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
1. Road to Metropolis – future of Ethereum
2. Moscow Stock Exchange plans to trade cryptocurrencies
3. People’s Bank of China on delegation in USA
4. Australia plans to regulate Bitcoin
1. Recent announcements from the Ethereum core dev team have answered some questions and laid out a roadmap for the Metropolis hard fork, feeding user speculation on the future of the world’s second most popular cryptocurrency.
More: http://dowbit.com/road-to-metropolis/
2. In the nearest future, Moscow Stock Exchange wants to start trading cryptocurrencies. The exchange will also allow trading derivatives and exchange-traded funds (ETF) based on various cryptocurrencies. Moscow exchange currently works on creating suitable infrastructure allowing to exchange Bitcoins and other cryptocurrencies. Such move took place one Russia seemingly forbade average people to buy cryptocurrencies.
More: http://dowbit.com/moscow-stock-exchange-plans-to-start-trading-cryptocurrencies/
3. People’s Bank of China (PBOC) visited Coinbase and Ripple during its delegation in USA. The delegation concerned significant matters related to cryptocurrencies. A local weekly newspaper, Sohu reports, that visits in various startups in San Francisco was a part of a mission, aiming to help to understand American attitude towards Blockchain regulations.
More: http://dowbit.com/peoples-bank-of-china-on-delegation-in-usa/
4. The Australian government believes that it’s high time to start fighting with increasing organized crime. According to ACIC’s report, Bitcoin and altcoins are widely used by criminals and had a significant contribution in increased lawlessness.
More: http://dowbit.com/australia-plans-to-regulate-bitcoin/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news – August 30
1. ICO regulation in China – cause of NEO’s dip?
2. Bitcoin and Dash are helping “Harvey’s” victims
3. Bitcoin is commodity not currency- a new approach in Mexico?
4. Luxembourg warning about OneCoin
1. Regulatory actions regarding cryptocurrencies are becoming increasingly powerful. Recently more and more institutions, such as American SEC, intensify their work on regulating ICOs, which is being treated more as securities. Chinese central bank also considers regulating ICOs, and effects can already be seen on the market. As Red Pulse blocks Chinese investors, NEO experiences a significant depreciation.
More: http://dowbit.com/ico-regulation-in-china-cause-of-neos-dip/
2. Danny Sessoms who has a radio channel about cryptocurrencies in Austin, along with Unsung.org created a platform collecting fund for victims of the hurricane. During his radio audition, he announced that Dash and Bitcoin will be accepted. Accumulated capital will allow purchasing basic goods for victims.
More: http://dowbit.com/bitcoin-and-dash-are-helping-harveys-victims/
3. The director of a Mexican Central Bank (Banco de Mexico) – Agustin Carstens thinks that Bitcoin should be classified as a commodity rather than currency. Carstens claims that Bitcoin doesn’t match the basic definition of currency because it is not controlled or supported by any government or central bank.
More: http://dowbit.com/bitcoin-is-commodity-not-currency-new-approach-in-mexico/
4. Regulators in Luxembourg published a warning for OneCoin investors. OneCoin is a company that released a digital currency and a range of products around that. The company is widely accused of financial frauds, even though they declare transparency and security.
More: http://dowbit.com/luxembourg-warning-about-onecoin/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
1. ICO regulation in China – cause of NEO’s dip?
2. Bitcoin and Dash are helping “Harvey’s” victims
3. Bitcoin is commodity not currency- a new approach in Mexico?
4. Luxembourg warning about OneCoin
1. Regulatory actions regarding cryptocurrencies are becoming increasingly powerful. Recently more and more institutions, such as American SEC, intensify their work on regulating ICOs, which is being treated more as securities. Chinese central bank also considers regulating ICOs, and effects can already be seen on the market. As Red Pulse blocks Chinese investors, NEO experiences a significant depreciation.
More: http://dowbit.com/ico-regulation-in-china-cause-of-neos-dip/
2. Danny Sessoms who has a radio channel about cryptocurrencies in Austin, along with Unsung.org created a platform collecting fund for victims of the hurricane. During his radio audition, he announced that Dash and Bitcoin will be accepted. Accumulated capital will allow purchasing basic goods for victims.
More: http://dowbit.com/bitcoin-and-dash-are-helping-harveys-victims/
3. The director of a Mexican Central Bank (Banco de Mexico) – Agustin Carstens thinks that Bitcoin should be classified as a commodity rather than currency. Carstens claims that Bitcoin doesn’t match the basic definition of currency because it is not controlled or supported by any government or central bank.
More: http://dowbit.com/bitcoin-is-commodity-not-currency-new-approach-in-mexico/
4. Regulators in Luxembourg published a warning for OneCoin investors. OneCoin is a company that released a digital currency and a range of products around that. The company is widely accused of financial frauds, even though they declare transparency and security.
More: http://dowbit.com/luxembourg-warning-about-onecoin/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news – August 29
1. Bitcoin payments in Uber?
2. Gazprom discussing with miners
3. Venezuelans make their living by crypto mining
4. “Ghosts month” to blame for reduced investors activity?
1. As reported by Bloomberg, Uber Technologies Inc has chosen CEO of Expedia Inc, Dara Khosrowshahi as their new CEO. Khosrowshahi started his work as a CEO of Expedia in August of 2015, helping the company to enter a new market in over 60 countries worldwide. He was was the one to introduce Bitcoin payments to the Expedia platform. Will Uber become another company accepting Bitcoin payments?
More: http://dowbit.com/uber-may-welcome-bitcoin/
2. As Russian government’s views regarding cryptocurrencies keep changing, the largest power plants in the country started to provide energy to Bitcoin miners. Daily Storm reports, that the largest Russian power providers, Gazprom and EuroSibEnergo, are discussing with a group of miners. It is supposed to be a way to obtain a cheap source of energy, which will provide a competitive advantage for Russian Bitcoin miners.
More: http://dowbit.com/russian-miners-to-gain-competitive-advan…/
3. An increasing number of Venezuelans decide to mine cryptocurrencies to make their living. The hyperinflation in Venezuela suddenly started to increase at the end of August and locals are having issues with fulfilling their basic needs. Another reason for the increased interest in mining is the very low cost of power. Based on various reports it can be deduced that a Bitcoin miner in Venezuela having multiple mining computers, can earn up to $500 a month.
More: http://dowbit.com/venezuelans-mining-bitcoin/
4. Virtual currencies such as NEO, OmiseGo or TenX have recently noted a significant reduction in traffic in comparison with the previous periods of time. It is commonly thought to be a „Ghosts Month” in countries that most of the investors come from. In the year 2017, the „Ghosts Month” takes place between the 22nd of August and the 19th of September. Countries that are affected are China, which is the base market of NEO, Japan, which is the headquarters of OmiseGo, and Singapore, where TenX originates out of. People in these countries believe that this is an especially unfavorable time for investments.
More: http://dowbit.com/hungry-ghosts-cause-of-stagnation-on-asi…/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
1. Bitcoin payments in Uber?
2. Gazprom discussing with miners
3. Venezuelans make their living by crypto mining
4. “Ghosts month” to blame for reduced investors activity?
1. As reported by Bloomberg, Uber Technologies Inc has chosen CEO of Expedia Inc, Dara Khosrowshahi as their new CEO. Khosrowshahi started his work as a CEO of Expedia in August of 2015, helping the company to enter a new market in over 60 countries worldwide. He was was the one to introduce Bitcoin payments to the Expedia platform. Will Uber become another company accepting Bitcoin payments?
More: http://dowbit.com/uber-may-welcome-bitcoin/
2. As Russian government’s views regarding cryptocurrencies keep changing, the largest power plants in the country started to provide energy to Bitcoin miners. Daily Storm reports, that the largest Russian power providers, Gazprom and EuroSibEnergo, are discussing with a group of miners. It is supposed to be a way to obtain a cheap source of energy, which will provide a competitive advantage for Russian Bitcoin miners.
More: http://dowbit.com/russian-miners-to-gain-competitive-advan…/
3. An increasing number of Venezuelans decide to mine cryptocurrencies to make their living. The hyperinflation in Venezuela suddenly started to increase at the end of August and locals are having issues with fulfilling their basic needs. Another reason for the increased interest in mining is the very low cost of power. Based on various reports it can be deduced that a Bitcoin miner in Venezuela having multiple mining computers, can earn up to $500 a month.
More: http://dowbit.com/venezuelans-mining-bitcoin/
4. Virtual currencies such as NEO, OmiseGo or TenX have recently noted a significant reduction in traffic in comparison with the previous periods of time. It is commonly thought to be a „Ghosts Month” in countries that most of the investors come from. In the year 2017, the „Ghosts Month” takes place between the 22nd of August and the 19th of September. Countries that are affected are China, which is the base market of NEO, Japan, which is the headquarters of OmiseGo, and Singapore, where TenX originates out of. People in these countries believe that this is an especially unfavorable time for investments.
More: http://dowbit.com/hungry-ghosts-cause-of-stagnation-on-asi…/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news – August 28
1. ICOs and Influencer marketing
2. Russia to ban digital currency trades
3. Bitpay supports SegWit2x
4. Litecoin reaching milestones
1. Recently, two ICOs promoted by the boxing star – Floyd Mayweather were quite a hot topic. Apparently, those promotions weren’t accidental, as the latest Hubii Network’s campaign was supported by Crypto Media Group. The main objective of CMG was to get celebrities to promote new ICOs. It looks like, influencer marketing will be playing an increasingly significant role in the cryptocurrency market.
More: http://dowbit.com/icos-and-influencer-marketing/
2. Four days ago we wrote about development of cryptocurrencies in Russia, however today the Deputy Finance Minister – Alexey Moiseev, calmed down all the enthusiasm. In the interview for local TV – Rossiya 24, Moiseev said, it is hard to deny that cryptocurrencies are a pyramid scheme. Therefore Russian government plans to forbid digital currency trades in the nearest future.
More: http://dowbit.com/unstable-future-of-cryptocurrencies-in-r…/
3. Bitpay – a Bitcoin payment processing platform – has announced that it will support SegWit2x. In a statement, BitPay declares that it wants to stay synchronized with the Bitcoin mainstream. Basing on the cues given by miners, changes made in SegWit2x indicate an enlargement of blocks.
BitPay reaffirms its readiness for the changes and reassures security and consistency of transactions. The network must be efficient and easy to use – therefore, BitPay wants to stay consistent with the majority of the chain.
More: http://dowbit.com/bitpay-following-majority-after-segwit2x…/
4. The creator of this cryptocurrency – Charlie Lee names Litecoin’s latest results as milestones. It is because this cryptocurrency has reached $60 for the first time ever, and the market capitalization equaled over 3 billion USD. An observation over the span of 12 months shows an uncommon appreciation of 1300%. However Litecoin at the beginning of September 2016 cost $3,75, and a year after we can see the price of around $60.
More: http://dowbit.com/litecoin-reaching-milestones/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
1. ICOs and Influencer marketing
2. Russia to ban digital currency trades
3. Bitpay supports SegWit2x
4. Litecoin reaching milestones
1. Recently, two ICOs promoted by the boxing star – Floyd Mayweather were quite a hot topic. Apparently, those promotions weren’t accidental, as the latest Hubii Network’s campaign was supported by Crypto Media Group. The main objective of CMG was to get celebrities to promote new ICOs. It looks like, influencer marketing will be playing an increasingly significant role in the cryptocurrency market.
More: http://dowbit.com/icos-and-influencer-marketing/
2. Four days ago we wrote about development of cryptocurrencies in Russia, however today the Deputy Finance Minister – Alexey Moiseev, calmed down all the enthusiasm. In the interview for local TV – Rossiya 24, Moiseev said, it is hard to deny that cryptocurrencies are a pyramid scheme. Therefore Russian government plans to forbid digital currency trades in the nearest future.
More: http://dowbit.com/unstable-future-of-cryptocurrencies-in-r…/
3. Bitpay – a Bitcoin payment processing platform – has announced that it will support SegWit2x. In a statement, BitPay declares that it wants to stay synchronized with the Bitcoin mainstream. Basing on the cues given by miners, changes made in SegWit2x indicate an enlargement of blocks.
BitPay reaffirms its readiness for the changes and reassures security and consistency of transactions. The network must be efficient and easy to use – therefore, BitPay wants to stay consistent with the majority of the chain.
More: http://dowbit.com/bitpay-following-majority-after-segwit2x…/
4. The creator of this cryptocurrency – Charlie Lee names Litecoin’s latest results as milestones. It is because this cryptocurrency has reached $60 for the first time ever, and the market capitalization equaled over 3 billion USD. An observation over the span of 12 months shows an uncommon appreciation of 1300%. However Litecoin at the beginning of September 2016 cost $3,75, and a year after we can see the price of around $60.
More: http://dowbit.com/litecoin-reaching-milestones/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news - August 24
1. SegWit activated – what’s next?
2. Future of Bitcoin and Bitcoin Cash
3. Floyd Mayweather promotes ICO again
4. Russia plans to run national cryptocurrency
1. SegWit has been activated. After many months of debating, various solution proposals and doubts, the highly anticipated improvement has come to life. Does this mean, that average Bitcoin users will experience any benefits? In wide perspective – undoubtedly, however for now they still have to wait.
Source: http://dowbit.com/segwit-opens-new-paths-for-further-bitco…/
2. Thanks to a big increase in the speed of block development and a rather low number of issues, the BCH community very quickly managed to create required 2016 blocks. Another block difficulty adjustment has taken place. Now Bitcoin Cash will be more difficult to mine and less profitable than BTC. Mines temporarily abandoned Bitcoin Cash, leading to a 6 hour block time.
Source: http://dowbit.com/future-of-bitcoin-and-bitcoin-cash/
3. Floyd Mayweather strikes again with another ICO promotion. The boxer a few days before his 50th professional fight, promoted ICO Hubii Network, a blockchain based idea content marketplace. Floyd Mayweather Jr on Instagram and Twitter called himself “Floyd Crypto Mayweather”, making the “CryptoMediaGroup” hashtag extremely popular. Stox – the idea promoted by Mayweather in June, has collected $30 million.
Source: http://dowbit.com/floyd-mayweather-jr-is-promoting-another…/
4. Russian First Deputy Prime Minister, Igor Shuvalov, has announced once again Russian plans to create a national cryptocurrency. During the conversation with local news RBC about the potential creation of “BitRubla”, Shuvalov mentioned, that they are already looking for possible security loopholes. Deputy Minister also highlighted that the introduction of digital currency into the Russian economy wouldn’t endanger its stability.
Source: http://dowbit.com/russia-plans-to-enter-the-cryptocurrency…/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
1. SegWit activated – what’s next?
2. Future of Bitcoin and Bitcoin Cash
3. Floyd Mayweather promotes ICO again
4. Russia plans to run national cryptocurrency
1. SegWit has been activated. After many months of debating, various solution proposals and doubts, the highly anticipated improvement has come to life. Does this mean, that average Bitcoin users will experience any benefits? In wide perspective – undoubtedly, however for now they still have to wait.
Source: http://dowbit.com/segwit-opens-new-paths-for-further-bitco…/
2. Thanks to a big increase in the speed of block development and a rather low number of issues, the BCH community very quickly managed to create required 2016 blocks. Another block difficulty adjustment has taken place. Now Bitcoin Cash will be more difficult to mine and less profitable than BTC. Mines temporarily abandoned Bitcoin Cash, leading to a 6 hour block time.
Source: http://dowbit.com/future-of-bitcoin-and-bitcoin-cash/
3. Floyd Mayweather strikes again with another ICO promotion. The boxer a few days before his 50th professional fight, promoted ICO Hubii Network, a blockchain based idea content marketplace. Floyd Mayweather Jr on Instagram and Twitter called himself “Floyd Crypto Mayweather”, making the “CryptoMediaGroup” hashtag extremely popular. Stox – the idea promoted by Mayweather in June, has collected $30 million.
Source: http://dowbit.com/floyd-mayweather-jr-is-promoting-another…/
4. Russian First Deputy Prime Minister, Igor Shuvalov, has announced once again Russian plans to create a national cryptocurrency. During the conversation with local news RBC about the potential creation of “BitRubla”, Shuvalov mentioned, that they are already looking for possible security loopholes. Deputy Minister also highlighted that the introduction of digital currency into the Russian economy wouldn’t endanger its stability.
Source: http://dowbit.com/russia-plans-to-enter-the-cryptocurrency…/
You can find more information in my web page - http://dowbit.com/
See you tomorrow!
Cryptocurrency news – August 23
1. IRS is tracking Bitcoin transactions
2. China exchanges invest users funds
3. 50 Japanese exchanges filed for registration
4. BitMixer admin suggests switching to Monero
1. The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report. The tax agency has been using the startup's software since 201 has paid Chainalysis more than $88,000. According to the IRS "This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud”. This is not the first time agency deals with BTC – it also wants to obtain Coinbase customer data using similar argumentation.
Source: Coindesk
2. It has come to light that two of China’s largest Bitcoin exchanges, Huobi and OKCoin, have been using idle client funds to make investments in “wealth management products“ which are often high-yielding and risky. Collectively over one billion yuan ($150 million) of client funds was used without permission. People’s Bank of China had been investigating and clamping down on Bitcoin trading in recent months and earlier in the year it issued warnings about Huobi and OKCoin.
Source: CoinTelegraph
3. The Japanese Financial Services Agency (FSA) has revealed that about 50 bitcoin exchanges have filed registration documents with the agency, according to a local publication. They are now being reviewed for compliance. In April, the Japanese government amended its fund settlement law to recognize bitcoin as a legal means of payment, putting the FSA in charge of digital currency. Bitcoin exchanges are then required to register with it until the end of September.
Source: news.bitcoin.com
4. Former BitMixer.io operator recommends people switch to Monero if they want privacy. A growing number of cryptocurrency users are looking for more privacy and anonymity. For the people who have Bitcoin in their portfolio, that is not an easy task – IRS using tracking tools being just one example. Fortunately, there are cryptocurrencies out there that focus on privacy and anonymity and XMR is one of the most established. The BitMixer.io admin feels Monero is the “best privacy currency”.
Source: NewsBTC
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. IRS is tracking Bitcoin transactions
2. China exchanges invest users funds
3. 50 Japanese exchanges filed for registration
4. BitMixer admin suggests switching to Monero
1. The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report. The tax agency has been using the startup's software since 201 has paid Chainalysis more than $88,000. According to the IRS "This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud”. This is not the first time agency deals with BTC – it also wants to obtain Coinbase customer data using similar argumentation.
Source: Coindesk
2. It has come to light that two of China’s largest Bitcoin exchanges, Huobi and OKCoin, have been using idle client funds to make investments in “wealth management products“ which are often high-yielding and risky. Collectively over one billion yuan ($150 million) of client funds was used without permission. People’s Bank of China had been investigating and clamping down on Bitcoin trading in recent months and earlier in the year it issued warnings about Huobi and OKCoin.
Source: CoinTelegraph
3. The Japanese Financial Services Agency (FSA) has revealed that about 50 bitcoin exchanges have filed registration documents with the agency, according to a local publication. They are now being reviewed for compliance. In April, the Japanese government amended its fund settlement law to recognize bitcoin as a legal means of payment, putting the FSA in charge of digital currency. Bitcoin exchanges are then required to register with it until the end of September.
Source: news.bitcoin.com
4. Former BitMixer.io operator recommends people switch to Monero if they want privacy. A growing number of cryptocurrency users are looking for more privacy and anonymity. For the people who have Bitcoin in their portfolio, that is not an easy task – IRS using tracking tools being just one example. Fortunately, there are cryptocurrencies out there that focus on privacy and anonymity and XMR is one of the most established. The BitMixer.io admin feels Monero is the “best privacy currency”.
Source: NewsBTC
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 22
1. Bitcoin Cash commands over 20% of BTC hashrate
2. John McAfee: Bitcoin is not a bubble and will grow
3. Asus introduces new motherboard for miners – 16 GPUs
4. Banks do not meet AML and KYC requirments
1. Bitcoin Cash (BCH) network got a lot more active as the large mining pool Antpool has pointed some of its hashrate towards the BCH chain. According to data, the forked chain’s hashpower has spiked exponentially, and BCH hashpower is roughly a quarter (approx. 2 exahash) of the BTC. Antoppol joined BTC.com and Batpool and currently six ‘known’ mining pools are mining the BCH chain, and the ‘unknown’ hashrate is currently mining less than 50 percent of the network which improves security of the blockchain.
Source: news.bitcoin.com
2. John McAfee, famous mostly for his eponymous anti-virus software, was interviewed by Russian television network RT. During the interview, he explained why Bitcoin is not a bubble and forecast that it will continue to grow while fiat currencies value will decrease. What is more, according to him blockchain is the most powerful technology since the invention of agriculture. Do you agree with McAfee?
Source: RT
3. Computer hardware maker Asus has revealed a new motherboard with features geared specifically toward cryptocurrency miners. The new motherboard can support up to 16 GPUs and is powered by 3 24-pin connectors allowing utilization of multiple power supply units. While the product's release date and price aren't known yet, it nonetheless represents the latest signal that the mainstream hardware industry is expanding its cryptocurrency footprint. 2 months ago Taiwanese manufacturer introduced GPUs dedicated for mining based on both AMD and Nvidia chips.
Source: Coindesk
4. Recently there have been many examples of new regulations which cryptocurrency exchanges have to comply if they want to continue operating in the most developed markets. It would seem however that supposed role models – banks fail to meet government requirements. An investigation led by Australian Transaction Reports and Analysis Centre (AUSTRAC) to one of Australia’s major banks, Commonwealth Bank of Australia (CBA), has revealed the deficiencies of the country’s banks regarding compliance with the know-your-customer (KYC) and anti-money laundering (AML) requirements of the law. What is more, Australian Bankers’ Association claimed that the country’s banks are lagging behind their global counterparts in terms of investments in regulatory compliance.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. Bitcoin Cash commands over 20% of BTC hashrate
2. John McAfee: Bitcoin is not a bubble and will grow
3. Asus introduces new motherboard for miners – 16 GPUs
4. Banks do not meet AML and KYC requirments
1. Bitcoin Cash (BCH) network got a lot more active as the large mining pool Antpool has pointed some of its hashrate towards the BCH chain. According to data, the forked chain’s hashpower has spiked exponentially, and BCH hashpower is roughly a quarter (approx. 2 exahash) of the BTC. Antoppol joined BTC.com and Batpool and currently six ‘known’ mining pools are mining the BCH chain, and the ‘unknown’ hashrate is currently mining less than 50 percent of the network which improves security of the blockchain.
Source: news.bitcoin.com
2. John McAfee, famous mostly for his eponymous anti-virus software, was interviewed by Russian television network RT. During the interview, he explained why Bitcoin is not a bubble and forecast that it will continue to grow while fiat currencies value will decrease. What is more, according to him blockchain is the most powerful technology since the invention of agriculture. Do you agree with McAfee?
Source: RT
3. Computer hardware maker Asus has revealed a new motherboard with features geared specifically toward cryptocurrency miners. The new motherboard can support up to 16 GPUs and is powered by 3 24-pin connectors allowing utilization of multiple power supply units. While the product's release date and price aren't known yet, it nonetheless represents the latest signal that the mainstream hardware industry is expanding its cryptocurrency footprint. 2 months ago Taiwanese manufacturer introduced GPUs dedicated for mining based on both AMD and Nvidia chips.
Source: Coindesk
4. Recently there have been many examples of new regulations which cryptocurrency exchanges have to comply if they want to continue operating in the most developed markets. It would seem however that supposed role models – banks fail to meet government requirements. An investigation led by Australian Transaction Reports and Analysis Centre (AUSTRAC) to one of Australia’s major banks, Commonwealth Bank of Australia (CBA), has revealed the deficiencies of the country’s banks regarding compliance with the know-your-customer (KYC) and anti-money laundering (AML) requirements of the law. What is more, Australian Bankers’ Association claimed that the country’s banks are lagging behind their global counterparts in terms of investments in regulatory compliance.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 21
1. Enigma ICO hacked – $500 000 stolen
2. Monero significant gain in value
3. Lightning Network tomorrow?
4. Russian mansion on sale for 3000 BTC
1. The ICO hackers are at it again. Enigma, a de-centralized platform that’s preparing to raise money via a crypto token sale, had its website and a number of social accounts compromised with the perpetrators netting nearly $500,000 in digital coin. The hacker posted Slack messages, altered the website and spoofed emails to a community list which were made to look official and urged money to be sent to their crypto wallet. That’s despite the Enigma team having warned its community that it would not collect money in this way prior to the ICO next month. It’s yet another painful lesson to be very cautious with ICOs and cryptocurrency investments.
Source: TechCrunch
2. Bitcoin Cash is not the only currency which value rapidly increased lately. Similar situation occurred with Monero which rose from around $50 yesterday to nearly $90. One of the supposed reasons of the appriciation is said to be announcement by Bithumb, one of the largest Asian cryptocurrency exchanges, that users will be able to trade XMR starting August 27.
Source: Coinmarketcap
3. Lightning Network transactions will be available for Bitcoin from tomorrow, rumors are suggesting. Lightning Network is next major milestone in BTC development and is believed to provide “trustless instant nearly zero-fee transactions,” “scaling to billions of users” and “thousands of new apps.” Although this information is still unsourced, experience so far shows that even such news can have great impact on cryptocurrency prices.
Source: CoinTelegraph
4. The Moscow-based real estate company, Kalinka Group, announced last week “the first case in Russia for selling an elite house for bitcoins.” A country mansion with an area of 930 square meters has been put up for sale at the price of about 3,000 bitcoins. The house is located in the village of Nikolino, west of Moscow. However, the lack of legal classification for digital currencies complicates the treatment of bitcoin in the sale.
Source: news.bitcoin.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. Enigma ICO hacked – $500 000 stolen
2. Monero significant gain in value
3. Lightning Network tomorrow?
4. Russian mansion on sale for 3000 BTC
1. The ICO hackers are at it again. Enigma, a de-centralized platform that’s preparing to raise money via a crypto token sale, had its website and a number of social accounts compromised with the perpetrators netting nearly $500,000 in digital coin. The hacker posted Slack messages, altered the website and spoofed emails to a community list which were made to look official and urged money to be sent to their crypto wallet. That’s despite the Enigma team having warned its community that it would not collect money in this way prior to the ICO next month. It’s yet another painful lesson to be very cautious with ICOs and cryptocurrency investments.
Source: TechCrunch
2. Bitcoin Cash is not the only currency which value rapidly increased lately. Similar situation occurred with Monero which rose from around $50 yesterday to nearly $90. One of the supposed reasons of the appriciation is said to be announcement by Bithumb, one of the largest Asian cryptocurrency exchanges, that users will be able to trade XMR starting August 27.
Source: Coinmarketcap
3. Lightning Network transactions will be available for Bitcoin from tomorrow, rumors are suggesting. Lightning Network is next major milestone in BTC development and is believed to provide “trustless instant nearly zero-fee transactions,” “scaling to billions of users” and “thousands of new apps.” Although this information is still unsourced, experience so far shows that even such news can have great impact on cryptocurrency prices.
Source: CoinTelegraph
4. The Moscow-based real estate company, Kalinka Group, announced last week “the first case in Russia for selling an elite house for bitcoins.” A country mansion with an area of 930 square meters has been put up for sale at the price of about 3,000 bitcoins. The house is located in the village of Nikolino, west of Moscow. However, the lack of legal classification for digital currencies complicates the treatment of bitcoin in the sale.
Source: news.bitcoin.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 17
1. Bitcoin documentary on Netflix
2. First 8MB Bitcoin Cash block
3. AMD releases drivers for mining
4. Number of searches correlated with BTC price
1. Netflix, one of the key players in the entertainment industry, added a documentary about Bitcoin. The movie titled “Banking on Bitcoin” is almost 1,5h long and covers topics such as Bitcoin's roots, its future and the technology. Although for people already interested in this topic there will be hardly anything new, the documentary will surely allow wider audience to better understand recent BTC boom. Are you going to watch it?
Source: Netflix
2. Yesterday first 8MB on Bitcoin Cash blockchain was mined clearing over 37 000 transactions. One of the main reasons for August 1st fork was to significantly increase the block size and thus to start processing a larger number of transactions. New currency recently has been quite stable in terms of value sticking to level of around $300. However, BCH should be taken with a grain of salt – 90% of blocks found so far were mined by unknown miner or group of miners, which raises questions about BCH blockchain security. What is more, mining Bitcoin Cash is currently 69% less profitable than with BTC. Source: news.bitcoin.com
3. AMD – maker of Radeon GPUs which are popular among cryptocurrency miners released new drivers designed specifically for mining. Although being described as beta-level in terms of support and most probably without further upgrades, this software is another sign of mainstream hardware company going an extra mile for miners. Some time ago the company released GPUs without any video outputs designed for mining. The Green team also sees market opportunities here – according to Nvidia CEO “cryptocurrencies are here to stay”.
Source: AMD
4. Google search trends indicate that an increasing number of people looks up digital currencies. The cause of increasing interest in cryptocurrencies is probably their constant rise in prices. Furthermore, that higher interest leads to an even greater increase in price of digital currencies. We might be experiencing a vicious cycle. Bitcoin expert, Chris Burniske, who used to work as a Blockchain analyst in ARK Invest noticed a strong correlation between the price of Bitcoin and the number of searches of “Bitcoin”.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. Bitcoin documentary on Netflix
2. First 8MB Bitcoin Cash block
3. AMD releases drivers for mining
4. Number of searches correlated with BTC price
1. Netflix, one of the key players in the entertainment industry, added a documentary about Bitcoin. The movie titled “Banking on Bitcoin” is almost 1,5h long and covers topics such as Bitcoin's roots, its future and the technology. Although for people already interested in this topic there will be hardly anything new, the documentary will surely allow wider audience to better understand recent BTC boom. Are you going to watch it?
Source: Netflix
2. Yesterday first 8MB on Bitcoin Cash blockchain was mined clearing over 37 000 transactions. One of the main reasons for August 1st fork was to significantly increase the block size and thus to start processing a larger number of transactions. New currency recently has been quite stable in terms of value sticking to level of around $300. However, BCH should be taken with a grain of salt – 90% of blocks found so far were mined by unknown miner or group of miners, which raises questions about BCH blockchain security. What is more, mining Bitcoin Cash is currently 69% less profitable than with BTC. Source: news.bitcoin.com
3. AMD – maker of Radeon GPUs which are popular among cryptocurrency miners released new drivers designed specifically for mining. Although being described as beta-level in terms of support and most probably without further upgrades, this software is another sign of mainstream hardware company going an extra mile for miners. Some time ago the company released GPUs without any video outputs designed for mining. The Green team also sees market opportunities here – according to Nvidia CEO “cryptocurrencies are here to stay”.
Source: AMD
4. Google search trends indicate that an increasing number of people looks up digital currencies. The cause of increasing interest in cryptocurrencies is probably their constant rise in prices. Furthermore, that higher interest leads to an even greater increase in price of digital currencies. We might be experiencing a vicious cycle. Bitcoin expert, Chris Burniske, who used to work as a Blockchain analyst in ARK Invest noticed a strong correlation between the price of Bitcoin and the number of searches of “Bitcoin”.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 16
1. Bitcoin satellites – blockchain straight from orbit
2. Ethereum transaction number record
3. Xmr.to claims to offer fully anonymous BTC transactions
4. Chinese government plans to use blockchain
1. Bitcoin protocol firm Blockstream just announced their plan to transmit bitcoin from space across the world using satellite technology. They have leased these satellites for the purposes of downloading a working bitcoin node, which would harbor all of the blockchain’s transaction data. These satellites will potentially give people who are disconnected from the internet access to bitcoin. Individuals in North America, South America, Africa, and Europe can already harness the power of „Bitcoin satellites”. Blockstream intends to add more countries to the list by the end of 2017. Even is service won’t be very popular it still shows amazing potential of blockchain technology.
Source: news.bitcoin.com
2. The Ethereum network experienced the highest number of daily transactions, reaching 410 000 transactions. The Co-founder, Vitalik Buterin announced on his tweeter, that it was the highest record in history and no other public Blockchain has ever reached a higher level of daily transactions. The numerical data indicate, that Ethereum definitely beats Bitcoin in terms of the number of transactions. According to Blockchain.info, there is around 255 000 transactions of Bitcoin made per day.
Source: CoinTelegraph
3. Xmr.to claims to facilitate fully anonymous bitcoin transactions. The websites receives monero (XMR) from users, and in return sends a corresponding quantity of bitcoin on behalf of the user, obscuring the origin of the payment. The company claims that the record between the sender and xmr.to is untraceable owing to monero’s protocol, and that there is no record associating the sender with the recipient of a transaction created during a transfer. Do you think there is a need for such services or it undermines trust towards cryptocurrencies?
Source: news.bitcoin.com
4. Chinese government announced, that it is planning to use Blockchain technology to collect taxes and issue electronic invoices. China is the leading country in terms of introduction of Blockchain technology and second biggest economy in the world, with a GDP of 10 trillion USD in 2016.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. Bitcoin satellites – blockchain straight from orbit
2. Ethereum transaction number record
3. Xmr.to claims to offer fully anonymous BTC transactions
4. Chinese government plans to use blockchain
1. Bitcoin protocol firm Blockstream just announced their plan to transmit bitcoin from space across the world using satellite technology. They have leased these satellites for the purposes of downloading a working bitcoin node, which would harbor all of the blockchain’s transaction data. These satellites will potentially give people who are disconnected from the internet access to bitcoin. Individuals in North America, South America, Africa, and Europe can already harness the power of „Bitcoin satellites”. Blockstream intends to add more countries to the list by the end of 2017. Even is service won’t be very popular it still shows amazing potential of blockchain technology.
Source: news.bitcoin.com
2. The Ethereum network experienced the highest number of daily transactions, reaching 410 000 transactions. The Co-founder, Vitalik Buterin announced on his tweeter, that it was the highest record in history and no other public Blockchain has ever reached a higher level of daily transactions. The numerical data indicate, that Ethereum definitely beats Bitcoin in terms of the number of transactions. According to Blockchain.info, there is around 255 000 transactions of Bitcoin made per day.
Source: CoinTelegraph
3. Xmr.to claims to facilitate fully anonymous bitcoin transactions. The websites receives monero (XMR) from users, and in return sends a corresponding quantity of bitcoin on behalf of the user, obscuring the origin of the payment. The company claims that the record between the sender and xmr.to is untraceable owing to monero’s protocol, and that there is no record associating the sender with the recipient of a transaction created during a transfer. Do you think there is a need for such services or it undermines trust towards cryptocurrencies?
Source: news.bitcoin.com
4. Chinese government announced, that it is planning to use Blockchain technology to collect taxes and issue electronic invoices. China is the leading country in terms of introduction of Blockchain technology and second biggest economy in the world, with a GDP of 10 trillion USD in 2016.
Source: CoinTelegraph
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Your news feed captioned BTC-e to reimburse customers with it’s own token made me to hurriedly check https://btc-e.com/index.html but i discovered that the site is still under the full control of the FBI.
What is your source and how do you think they will pay us back because my btc is there.
What is your source and how do you think they will pay us back because my btc is there.
You can find the full story here ---> https://cointelegraph.com/news/btc-e-opts-to-reimburse-users-with-tradeable-btct-tokens
Your news feed captioned BTC-e to reimburse customers with it’s own token made me to hurriedly check https://btc-e.com/index.html but i discovered that the site is still under the full control of the FBI.
What is your source and how do you think they will pay us back because my btc is there.
What is your source and how do you think they will pay us back because my btc is there.
Cryptocurrency news – August 15
1. BTC-e to reimburse customers with it’s own token
2. Companies promoting OneCoin fined in Italy
3. Apple approves Ripple wallet
1. The Russian cryptocurrency exchange BTC-e has confirmed it will reimburse users who lost funds with newly-created BTCT tokens. BTC-e has access to only 55 percent of its reserves with the remaining 45 percent under control of the FBI. In awarding the tokens, BTC-e follows in the footsteps of fellow exchange Bitfinex, which last year compensated users in the same way after a major hack. One way of another that’s further case which proves that you shouldn’t keep your funds on exchanges.
Source: CoinTelegraph
2. A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin, the digital currency investment scheme widely believed to be fraudulent. The 2.59 million euro fine was passed down by the Italian Antitrust Authority (IAA). The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events. Would-be investors are often encouraged to find others do buy those packages from them, adding fuel to the allegations that OneCoin is a Ponzi scheme.
Source: CoinDesk
3. Apple approves Toast wallet supporting Ripple’s XRP currency. the technology giant is slowly making it easier for cryptocurrency wallets to get approved. Not too long ago, Dash finally saw its success in the Apple App Store. Yesterday, the company approved Toast Wallet, a solution designed for XRP users. This makes it easier for iPhone and iPad users to access and store their XRP holdings.
Source: NewsBTC.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. BTC-e to reimburse customers with it’s own token
2. Companies promoting OneCoin fined in Italy
3. Apple approves Ripple wallet
1. The Russian cryptocurrency exchange BTC-e has confirmed it will reimburse users who lost funds with newly-created BTCT tokens. BTC-e has access to only 55 percent of its reserves with the remaining 45 percent under control of the FBI. In awarding the tokens, BTC-e follows in the footsteps of fellow exchange Bitfinex, which last year compensated users in the same way after a major hack. One way of another that’s further case which proves that you shouldn’t keep your funds on exchanges.
Source: CoinTelegraph
2. A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin, the digital currency investment scheme widely believed to be fraudulent. The 2.59 million euro fine was passed down by the Italian Antitrust Authority (IAA). The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events. Would-be investors are often encouraged to find others do buy those packages from them, adding fuel to the allegations that OneCoin is a Ponzi scheme.
Source: CoinDesk
3. Apple approves Toast wallet supporting Ripple’s XRP currency. the technology giant is slowly making it easier for cryptocurrency wallets to get approved. Not too long ago, Dash finally saw its success in the Apple App Store. Yesterday, the company approved Toast Wallet, a solution designed for XRP users. This makes it easier for iPhone and iPad users to access and store their XRP holdings.
Source: NewsBTC.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 11th
1. Police in UK to receive a guide on seizing BTC from criminals
2. Bitcoin core against SegWit2x
3. Filecoin ICO raises $200 million in 60 minutes
4. Grade-schoolers in Australia learn about blockchain
1. A think-tank backed by a group of UK-based law enforcement officials have published a newly drafted report called “Policing Bitcoin” which aims to standardize the practice of seizing bitcoin from criminals. The N8 police report details that law enforcement needs education on things like bitcoin exchanges, bitcoin ATMs, forensic tracing tools, a literature guide, and a booklet designed to help officers identify bitcoin activity. Currently, the research group says they are drafting a guide which provides a full walkthrough for officers on how to seize these types of funds. Do you think it’s a good way to go?
2. Bitcoin’s Core developers remain steadfastly opposed to the SegWit2x plan, despite the recent lock-in of their preferred scaling solution, Segregated Witness. SegWit2x was the compromise resulting from the New York Agreement. It called for the immediate implementation of SegWit, followed by a doubling of the blocksize by November. Core, however, refused to compromise – according to their recent statement the Bitcoin Core client would no longer connect to nodes running SegWit2x. This could have serious repercussions because 2X is supported by over 80% of hashing power. What is your opinion – which path BTC should follow?
3. An initial coin offering for the blockchain data storage network Filecoin has raised an estimated $200 million from accredited investors despite the fact that the sale halt came just over an hour after it first began. The project allows users to earn Filecoin for hosting files on their storage space. Those tokens can be then traded for USD, BTC, Eth and more in the future. Are you planning to join any ICO?
4. Students at Wooranna Park Primary School in Australia are being taught how to use the software behind Bitcoin to create their own security-encrypted digital currency. The course main purpose is to teach students about blockchain technology while programming “WoorannaCoin”. According to the teacher behind the project, learning blockchain is going to be as important as coding in schools in the coming years and will be important for getting a good job.
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you on Monday!
1. Police in UK to receive a guide on seizing BTC from criminals
2. Bitcoin core against SegWit2x
3. Filecoin ICO raises $200 million in 60 minutes
4. Grade-schoolers in Australia learn about blockchain
1. A think-tank backed by a group of UK-based law enforcement officials have published a newly drafted report called “Policing Bitcoin” which aims to standardize the practice of seizing bitcoin from criminals. The N8 police report details that law enforcement needs education on things like bitcoin exchanges, bitcoin ATMs, forensic tracing tools, a literature guide, and a booklet designed to help officers identify bitcoin activity. Currently, the research group says they are drafting a guide which provides a full walkthrough for officers on how to seize these types of funds. Do you think it’s a good way to go?
2. Bitcoin’s Core developers remain steadfastly opposed to the SegWit2x plan, despite the recent lock-in of their preferred scaling solution, Segregated Witness. SegWit2x was the compromise resulting from the New York Agreement. It called for the immediate implementation of SegWit, followed by a doubling of the blocksize by November. Core, however, refused to compromise – according to their recent statement the Bitcoin Core client would no longer connect to nodes running SegWit2x. This could have serious repercussions because 2X is supported by over 80% of hashing power. What is your opinion – which path BTC should follow?
3. An initial coin offering for the blockchain data storage network Filecoin has raised an estimated $200 million from accredited investors despite the fact that the sale halt came just over an hour after it first began. The project allows users to earn Filecoin for hosting files on their storage space. Those tokens can be then traded for USD, BTC, Eth and more in the future. Are you planning to join any ICO?
4. Students at Wooranna Park Primary School in Australia are being taught how to use the software behind Bitcoin to create their own security-encrypted digital currency. The course main purpose is to teach students about blockchain technology while programming “WoorannaCoin”. According to the teacher behind the project, learning blockchain is going to be as important as coding in schools in the coming years and will be important for getting a good job.
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you on Monday!
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