Cryptocurrency news – August 10th
1. Bitstamp introduces Ethereum trading
2. Goldman Sachs suggests keeping a closer eye on the cryptocurrency market
3. Research says Bitcoin price booms may positively affect stock prices
4. Bitcoin mainstream adoption in Philippines is rapidly increasing, replacing banks
1. Popular exchange Bistamp will introduce Ethereum trading on August 17. Ethereum will be available for trading with USD, EUR and BTC. What is more until October 1 ETH trading will be free and in next months, until January 1, will be discounted. Pricing will also be unified with fees depending on overall monthly trading volume instead of separate fee for each currency pair.
Source: Bitstamp
2. Goldman Sachs has published a question-and-answer report focused on cryptocurrencies in which it suggests that clients should be keeping a closer eye on the market. Report also includes questions that cover Ethereum, ICOs and the ways in which cryptocurrencies can be traded in the US. Authors make the argument that clients ought to be watchful of future developments, even if they aren't committed to actually making any investments.
Source: Coindesk
3. Nautilus Investment Research recently said stock prices tend to soar whenever bitcoin experiences explosive growth. The S&P 500 has seen monumental increases in lockstep with bitcoin. It appears that bitcoin prices are correlated with rise in stock prices. There are not any clear indicators why bitcoin is a driver for the stock price. Some companies however could have a direct relationship with bitcoin. For instance, if a company integrated Bitcoin in Japan, they would see their stocks soar.
Source: news.bitcoin.com
4. Mainstream bitcoin adoption in the Philippines is rising at an exponential rate, as millions of users are starting to utilize bitcoin to settle remittance payments, utility bills and send payments at lower costs. It is important to acknowledge the horrifying inefficiency of local banking systems and financial service providers to a point when bitcoin remittance companies have started to process more payments in terms of daily volume than some of the local banks. From the consumer perspective, not everyone in the Philippines can get approved for a credit card. In many instances, consumers will just run to the bank to physically make the deposit if they are purchasing something online.
Source: NewsBTC
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This is a great project to start and I like the condensed style of the daily news, it gives people just enough information to understand and of course if they want to they can then go away and find out more.
Cryptocurrency news – August 9
1. Antshares completed rebranding to NEO and it’s currently top 10 cryptocurrency
2. Overstock will accept over 60 cryptocurrencies
3. Fidelity Investments partners with Coinbase
4. Putin's Aide Seeks $100 Million for mining BTC
1. NEO Blockchain, China’s first original public chain project, has announced the completion of rebranding efforts from its former Antshares identity. Rebranding strategy is a part of effort to lead blockchain development in China and around the world. NEO now is the top 10 cryptocurrency in terms of market value with capitalization of over $900 million. It’s definitely currency worthy of notice.
Source: Bitcoin Magazine
2. Online retail giant Overstock has partnered with blockchain startup ShapeShift to accept more than 60 cryptocurrencies as payment at its online stores. Overstock.com shoppers can now use ether, litecoin, dash and bitcoin cash at checkout. Overstock first began accepting bitcoin for payment in 2014, and it has remained active in developing the technology, even launching a dedicated subsidiary to focus on applications. Notably, Overstock said it intends to convert the cryptocurrency it receives to bitcoin.
Source: Coindesk
3. Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase. Fidelity Investments is a multinational financial services corporation with assets under management worth over $2 trillion. It is also not the first ‘experiment’ the organization has launched with Bitcoin. Prospective investors have been able to donate to the $16 bln Fidelity Charitable fund using the cryptocurrency since 2016.
Source: Reuters
4. A company co-owned by one of President Vladimir Putin’s internet advisers plans to raise the cryptocurrency equivalent of as much as $100 million in a push to help Russian entrepreneurs challenge China in bitcoin mining. Funding will unsurprisingly take form of ICO and new token will be named Russian Miner Coin. These new tokens will have rights to 18 percent of the revenue earned with the company’s mining equipment. Main advantage of mass-scale mining in Russia is very low energy cost making it potentially more profitable than in China.
Source: Bloomberg
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1. Antshares completed rebranding to NEO and it’s currently top 10 cryptocurrency
2. Overstock will accept over 60 cryptocurrencies
3. Fidelity Investments partners with Coinbase
4. Putin's Aide Seeks $100 Million for mining BTC
1. NEO Blockchain, China’s first original public chain project, has announced the completion of rebranding efforts from its former Antshares identity. Rebranding strategy is a part of effort to lead blockchain development in China and around the world. NEO now is the top 10 cryptocurrency in terms of market value with capitalization of over $900 million. It’s definitely currency worthy of notice.
Source: Bitcoin Magazine
2. Online retail giant Overstock has partnered with blockchain startup ShapeShift to accept more than 60 cryptocurrencies as payment at its online stores. Overstock.com shoppers can now use ether, litecoin, dash and bitcoin cash at checkout. Overstock first began accepting bitcoin for payment in 2014, and it has remained active in developing the technology, even launching a dedicated subsidiary to focus on applications. Notably, Overstock said it intends to convert the cryptocurrency it receives to bitcoin.
Source: Coindesk
3. Fidelity Investments Inc has started allowing clients to use its website to view their holdings of bitcoin and other cryptocurrencies held through digital wallet provider Coinbase. Fidelity Investments is a multinational financial services corporation with assets under management worth over $2 trillion. It is also not the first ‘experiment’ the organization has launched with Bitcoin. Prospective investors have been able to donate to the $16 bln Fidelity Charitable fund using the cryptocurrency since 2016.
Source: Reuters
4. A company co-owned by one of President Vladimir Putin’s internet advisers plans to raise the cryptocurrency equivalent of as much as $100 million in a push to help Russian entrepreneurs challenge China in bitcoin mining. Funding will unsurprisingly take form of ICO and new token will be named Russian Miner Coin. These new tokens will have rights to 18 percent of the revenue earned with the company’s mining equipment. Main advantage of mass-scale mining in Russia is very low energy cost making it potentially more profitable than in China.
Source: Bloomberg
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Cryptocurrency news – August 8th
1. SegWit lock-in – another great day for BTC
2. Mastercard files patent for cryptocurrency refunds
3. Senators in Australia push to make Bitcoin an official currency
4. Digital currencies regulations introduced in South Korea
1. In just few hours SegWit will lock-in. If everything goes according to plan during the next 2 weeks miners and service providers will have to update their software to support the new style of transactions. On August 21 SegWit will truly activate easing the load of BTC network and (at least temporarily) should decrease transaction fees. It’s just first step in scaling Bitcoin but nevertheless important milestone in technology development.
Source: Coindesk
2. Mastercard has filed a patent application with the US Patent and Trademark Office for the creation of refund services for digital currency users. Under the current system, a customer who requests a refund must have the funds sent back to the same address they paid from. Mastercard suggests the creation of a service that will allow users to choose to send refunds to a different wallet address. Mastercard is not the only financial institution in the race for patent approval. In fact, Bank of America and Goldman Sachs, are some of the leading applicants for the increasing applications that USPTO has received.
Source: CoinTelegraph
3. Lawmakers in Australia are reportedly pushing for the recognition of bitcoin as an official currency. Leading the effort are Senator Jane Hume and Senator Sam Dastyari, who are arguing that Australia should be more proactive about both cryptocurrencies and blockchain. Also among their proposals is a call for Australia's central bank to consider the launch of its own cryptocurrency.
Source: Coindesk
4. Legislation outlining the regulatory framework for digital currencies including bitcoin in South Korea has been introduced by lawmaker Park Yong-jin. It defines digital currency, introduces five classifications of digital currency handlers, as well as specifies requirements and prohibited activities. The legislation prohibits several specific digital currency-related activities such as their sale and brokering through door-to-door and multi-level marketing schemes.
Source: news.bitcoin.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
1. SegWit lock-in – another great day for BTC
2. Mastercard files patent for cryptocurrency refunds
3. Senators in Australia push to make Bitcoin an official currency
4. Digital currencies regulations introduced in South Korea
1. In just few hours SegWit will lock-in. If everything goes according to plan during the next 2 weeks miners and service providers will have to update their software to support the new style of transactions. On August 21 SegWit will truly activate easing the load of BTC network and (at least temporarily) should decrease transaction fees. It’s just first step in scaling Bitcoin but nevertheless important milestone in technology development.
Source: Coindesk
2. Mastercard has filed a patent application with the US Patent and Trademark Office for the creation of refund services for digital currency users. Under the current system, a customer who requests a refund must have the funds sent back to the same address they paid from. Mastercard suggests the creation of a service that will allow users to choose to send refunds to a different wallet address. Mastercard is not the only financial institution in the race for patent approval. In fact, Bank of America and Goldman Sachs, are some of the leading applicants for the increasing applications that USPTO has received.
Source: CoinTelegraph
3. Lawmakers in Australia are reportedly pushing for the recognition of bitcoin as an official currency. Leading the effort are Senator Jane Hume and Senator Sam Dastyari, who are arguing that Australia should be more proactive about both cryptocurrencies and blockchain. Also among their proposals is a call for Australia's central bank to consider the launch of its own cryptocurrency.
Source: Coindesk
4. Legislation outlining the regulatory framework for digital currencies including bitcoin in South Korea has been introduced by lawmaker Park Yong-jin. It defines digital currency, introduces five classifications of digital currency handlers, as well as specifies requirements and prohibited activities. The legislation prohibits several specific digital currency-related activities such as their sale and brokering through door-to-door and multi-level marketing schemes.
Source: news.bitcoin.com
You can find more information in my facebook fanpage: https://www.facebook.com/Dowbit/
See you tomorrow!
Cryptocurrency news – August 7th
1. Bitcoin skyrockets over $3300
2. Experts in India recommend discouraging cryptocurrency use
3. 150 new Bitcoin ATMs to be installed in Ukraine
4. Korean mall bans BTC and ETH mining
1. Another . Cryptocurrency not only went over psychological level of $3000 but today it’s worth more than $3300. The price advance also pushed bitcoin’s collective market capitalization past the $50 billion mark for the first time. Some analysts forecast further growth mentioning levels of $4000 or even $5000 by the end of the year. SegWit activation is almost guaranteed fostering further Bitcoin development. To the moon and beyond or the bubble will burst? What is your opinion?
Source: Bitcoinist
2. The multi-ministerial panel created by India’s Finance Ministry has reportedly recommended that the government take urgent steps to discontinue or discourage the use of cryptocurrencies including Bitcoin in the country. The panel also proposed that the government should regulate any commercial establishments and intermediaries if they continue using the digital currencies. The use of digital currencies, particularly Bitcoin, continues to grow rapidly across India. If the government doesn’t proceed according to the recommendation it would help in boosting cryptocurrency value and development.
Source: CoinTelegraph
3. 150 Bitcoin ATMs will be installed in Ukraine this year, including 20-30 machines set to be installed on the streets of Kiev, the capital city of Ukraine, by the end of the summer. Currently, there is only one BTM in Ukraine according to Coinatmradar. What is important the device - Cryptomat does not require user identification. Ukrainians will be able to purchase cryptocurrencies using local currency the hryvnia.
Source: news.bitcoin.com
4. An electronics retail marketplace in South Korea has reportedly taken the unusual step of banning vendors from mining bitcoin in their stores. Yongsan Market, based in Seoul, has told merchants that they aren't allowed to mine cryptocurrencies – bitcoin and ether, specifically – because of electrical costs, rising temperatures and the risk of fire. The unusual decision is notable given the size of the market (the site boasts thousands of retail storefronts), and is a reflection of the growing popularity of small-scale cryptocurrency mining.
Source:Coindesk
See you tomorrow!
1. Bitcoin skyrockets over $3300
2. Experts in India recommend discouraging cryptocurrency use
3. 150 new Bitcoin ATMs to be installed in Ukraine
4. Korean mall bans BTC and ETH mining
1. Another . Cryptocurrency not only went over psychological level of $3000 but today it’s worth more than $3300. The price advance also pushed bitcoin’s collective market capitalization past the $50 billion mark for the first time. Some analysts forecast further growth mentioning levels of $4000 or even $5000 by the end of the year. SegWit activation is almost guaranteed fostering further Bitcoin development. To the moon and beyond or the bubble will burst? What is your opinion?
Source: Bitcoinist
2. The multi-ministerial panel created by India’s Finance Ministry has reportedly recommended that the government take urgent steps to discontinue or discourage the use of cryptocurrencies including Bitcoin in the country. The panel also proposed that the government should regulate any commercial establishments and intermediaries if they continue using the digital currencies. The use of digital currencies, particularly Bitcoin, continues to grow rapidly across India. If the government doesn’t proceed according to the recommendation it would help in boosting cryptocurrency value and development.
Source: CoinTelegraph
3. 150 Bitcoin ATMs will be installed in Ukraine this year, including 20-30 machines set to be installed on the streets of Kiev, the capital city of Ukraine, by the end of the summer. Currently, there is only one BTM in Ukraine according to Coinatmradar. What is important the device - Cryptomat does not require user identification. Ukrainians will be able to purchase cryptocurrencies using local currency the hryvnia.
Source: news.bitcoin.com
4. An electronics retail marketplace in South Korea has reportedly taken the unusual step of banning vendors from mining bitcoin in their stores. Yongsan Market, based in Seoul, has told merchants that they aren't allowed to mine cryptocurrencies – bitcoin and ether, specifically – because of electrical costs, rising temperatures and the risk of fire. The unusual decision is notable given the size of the market (the site boasts thousands of retail storefronts), and is a reflection of the growing popularity of small-scale cryptocurrency mining.
Source:Coindesk
See you tomorrow!
Cryptocurrency news - August 4th
1. Despite Naysayers the Bitcoin Cash Blockchain chugs forward. New blocks are being mined on a stable basis. Further, the network is operating at 26% of the original chain’s difficulty as mining has become much easier on the BCH chain. What’s interesting is that the unknown miner has captured two-thirds of the entire network hashrate and blocks found. BCH is currently 4th cryptocurrency with market capitalization of over $5 billion, falling behind Ripple. Source: news.bitcoin.com
2. Dash has employed a team of white hat hackers to hack its Blockchain and expose vulnerabilities deliberately. security checks will take the form of a ‘bug bounty’ where 60,000 “invite-only” hackers will receive incentives to determine and report the slightest problem. According to Jim Bursch: “The Dash project is like building a bank vault, and inviting elite bank robbers to participate in its design, so it can't be robbed by other criminals." Source: CoinTelegraph
3. The number of exchanges supporting Bitcoinc Cash increases. Soon after Bitstamp announcement, Coinbase changed its min as well and plans to allow users to withdraw their BCH balance. A simlar statement has also been released by GDAX. Both services aim to finish implementing Bitcoin Cash by the end of the year to ensure maximum security. The change may be caused by users who would be ready to use class-action lawsuits to claim their BCH. Source: Coinbase/GDAX
4. The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million. Stox team said that it had received backing from 2,500 contributors as of the first six hours of the sale and collected over 134 000 ETH. Sale is still underway with 148 000 ETC cap and two-week timeline.
Source: CoinDesk
See you tomorrow
1. Despite Naysayers the Bitcoin Cash Blockchain chugs forward. New blocks are being mined on a stable basis. Further, the network is operating at 26% of the original chain’s difficulty as mining has become much easier on the BCH chain. What’s interesting is that the unknown miner has captured two-thirds of the entire network hashrate and blocks found. BCH is currently 4th cryptocurrency with market capitalization of over $5 billion, falling behind Ripple. Source: news.bitcoin.com
2. Dash has employed a team of white hat hackers to hack its Blockchain and expose vulnerabilities deliberately. security checks will take the form of a ‘bug bounty’ where 60,000 “invite-only” hackers will receive incentives to determine and report the slightest problem. According to Jim Bursch: “The Dash project is like building a bank vault, and inviting elite bank robbers to participate in its design, so it can't be robbed by other criminals." Source: CoinTelegraph
3. The number of exchanges supporting Bitcoinc Cash increases. Soon after Bitstamp announcement, Coinbase changed its min as well and plans to allow users to withdraw their BCH balance. A simlar statement has also been released by GDAX. Both services aim to finish implementing Bitcoin Cash by the end of the year to ensure maximum security. The change may be caused by users who would be ready to use class-action lawsuits to claim their BCH. Source: Coinbase/GDAX
4. The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million. Stox team said that it had received backing from 2,500 contributors as of the first six hours of the sale and collected over 134 000 ETH. Sale is still underway with 148 000 ETC cap and two-week timeline.
Source: CoinDesk
See you tomorrow
Hey, Great initiative you have going here Dowbit.
Check your pm for a link.
Check your pm for a link.
Hi!
I'm starting a new project! Everyday I will post the most important news from the cryptocurrency world, so that we can gather all informations in one place and talk about it. If it is not enough for you, for more cryptocurrency news visit my page: http://dowbit.com/
Feel free to share you opoinions! Let's start:
Cryptocurrency News - August 3rd
1. One of the most popular cryptocurrency exchanges – Poloniex announced trade halt. Yesterday their website was down but according to latest tweets, the company is aware of situation and works on restoring connectivity. What is more, the exchange has also changed their terms of service. Poloniex problems may be unsettling for its users due to recent reports about frozen account balances and support issues.
Source: Poloniex/CoinTelegraph
2. Germany’s largest Bitcoin exchange Bitcoin.de gave police sensitive user data on request without being obliged to by law. Those involved were allegedly under suspicion of having used Bitcoin to acquire drugs from the now-defunct Chemical Love online marketplace. Provided information included: real names, place of residence, phone numbers and bank details. The Bitcoin addresses involved had no proven links to Chemical Love. Bitcoin.de had at first refused to cooperate without a court order but after call from police they complied.
Source: CoinTelegrap
3. Digital currency exchange Bitfinex has revealed that it will be launching a new trading platform for ethereum-based tokens. Dubbed Ethfinex, the service aims to function as a decentralized exchange for tokens under the ERC20 standard. The exchange will notably feature a token of its own, called the Nectar token (or NEC), though Bitfinex has said that it will forego a crowdsale – rather, the token will be distributed to market makers as a kind of loyalty point, which can be redeemed for a percentage of trading fees each month.
Source: CoinBase
4. On September 10, cryptocurrency and blockchain leaders from around the world will converge in Beijing, China for the Shape the Future: Blockchain Global Summit. This conference will feature the release of the Bitcoin documentary “Bitcoin: Shape the Future,” the first-ever comprehensive look at the history and evolution of Bitcoin in China since the platform’s inception. Some of the C-level professionals that participated in the documentary include Wu Jihan, Bitmain CEO, as well as representatives from BitKan, Huobi, Bixin and ViaBTC.
Source: Bitcoin Magazine
5. Bitstamp, has announced customers who left BTC on their exchange before the fork will receive Bitcoin Cash in the near future. According to the exchange: “BCH Balances Will Be Made Available to Our Customers as Soon as It Is Safe”. Initially Bitstamp didn’t support the new altcoin but it seems to have changed it’s position towards the BCH. Exchange’s policy may have been affected by Coinbase users unfavorable reaction to lack of Bitcoin Cash support.
Source: news.bitcoin.com
See you tomorrow!
I'm starting a new project! Everyday I will post the most important news from the cryptocurrency world, so that we can gather all informations in one place and talk about it. If it is not enough for you, for more cryptocurrency news visit my page: http://dowbit.com/
Feel free to share you opoinions! Let's start:
Cryptocurrency News - August 3rd
1. One of the most popular cryptocurrency exchanges – Poloniex announced trade halt. Yesterday their website was down but according to latest tweets, the company is aware of situation and works on restoring connectivity. What is more, the exchange has also changed their terms of service. Poloniex problems may be unsettling for its users due to recent reports about frozen account balances and support issues.
Source: Poloniex/CoinTelegraph
2. Germany’s largest Bitcoin exchange Bitcoin.de gave police sensitive user data on request without being obliged to by law. Those involved were allegedly under suspicion of having used Bitcoin to acquire drugs from the now-defunct Chemical Love online marketplace. Provided information included: real names, place of residence, phone numbers and bank details. The Bitcoin addresses involved had no proven links to Chemical Love. Bitcoin.de had at first refused to cooperate without a court order but after call from police they complied.
Source: CoinTelegrap
3. Digital currency exchange Bitfinex has revealed that it will be launching a new trading platform for ethereum-based tokens. Dubbed Ethfinex, the service aims to function as a decentralized exchange for tokens under the ERC20 standard. The exchange will notably feature a token of its own, called the Nectar token (or NEC), though Bitfinex has said that it will forego a crowdsale – rather, the token will be distributed to market makers as a kind of loyalty point, which can be redeemed for a percentage of trading fees each month.
Source: CoinBase
4. On September 10, cryptocurrency and blockchain leaders from around the world will converge in Beijing, China for the Shape the Future: Blockchain Global Summit. This conference will feature the release of the Bitcoin documentary “Bitcoin: Shape the Future,” the first-ever comprehensive look at the history and evolution of Bitcoin in China since the platform’s inception. Some of the C-level professionals that participated in the documentary include Wu Jihan, Bitmain CEO, as well as representatives from BitKan, Huobi, Bixin and ViaBTC.
Source: Bitcoin Magazine
5. Bitstamp, has announced customers who left BTC on their exchange before the fork will receive Bitcoin Cash in the near future. According to the exchange: “BCH Balances Will Be Made Available to Our Customers as Soon as It Is Safe”. Initially Bitstamp didn’t support the new altcoin but it seems to have changed it’s position towards the BCH. Exchange’s policy may have been affected by Coinbase users unfavorable reaction to lack of Bitcoin Cash support.
Source: news.bitcoin.com
See you tomorrow!
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