Topic: DowBit - Daily Press News (Read 3299 times)

➡️Daily Crypto Report – December 19⬅️

1. South Korean exchange Youbit folds after cyberattack
2. G20 to discuss Bitcoin at upcoming summit
3. Dash Breaks $1000
4. Bitcoin cash has risen above $2500 setting a new all time high

1. South Korean cryptocurrency exchange, Youbit, filed for bankruptcy after a cyberattack. Formerly known as Yapizon, it is the second hack for the company this year. Security within cryptocurrency exchanges is a topic of fierce debate among investors leading many to wonder how to protect their digital assets – and whether to trust digital wallets. More: https://dowbit.com/youbit-folds-cyberattack/

2. French Finance Minister Bruno Le Maire is pushing for a discussion on Bitcoin regulation at the G20 summit in April 2018. Reuters reports that the minister will ask G20 president Argentina to put Bitcoin on the agenda. G20 representatives have already discussed Bitcoin with the Financial Stability Board (FSB), which has been reviewing the tech since 2016. More: https://dowbit.com/bitcoin-regulation-will-be-discussed-at-g20-summit/

3. Dash is a cryptocurrency which aims to revolutionize payments with the help of crypto. This coin is supposed to be fast and cheap, which makes it very efficient. For some time now we have seen a steady increase in value, but on December 17th there was a breakthrough of the first serious barrier — $1000. More: https://dowbit.com/dash-breaks-1000/

4. Bitcoin Cash is now breaking new records. Its price has just surpassed $2500 and it is growing steadily. This is similar to the sudden increases in BCH from November 10-12. Then, we saw a typical pump and dump scheme, will it be different now? More: https://dowbit.com/bitcoin-cash-2500/

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➡️Cryptocurrency news – December 13⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. An uncertain IOTA partnership with Microsoft?
2. Ripple gains 90% as Asian banking giants test virtual fund transfers
3. Digital gold for black gold — oil rich nations eye crypto-alternatives to the US dollar
4. Super Bitcoin: new fork promises to ‘Make Bitcoin great again’

1. Yesterday, the Next Web portal announced worrying news about IOTA’s partnership with Microsoft — as well as many other technology and consulting companies. They suggest that IOTA does not cooperate closely with Microsoft. IOTA’s co-founder, Dominik Schiener, said that IOTA representatives never stated that any of the companies (Microsoft, Accenture, Deutsche Telekom, PwC, Fujitsu, etc.) were partners. IOTA calls them “participants”. More: https://dowbit.com/iota-partnership-microsoft/

2. Ripple’s XRP surges to an all-time high as Japanese and South Korean Banks begin testing blockchain-based virtual fund transfers on Friday. Asian banking giants have partnered with Ripple to facilitate international funds transfers while also cutting costs by up to 30%. More: https://dowbit.com/asian-banking-tests-ripple-blockchain-fund-transfers/

3. The growing popularity of cryptocurrencies may erode the dollar’s dominance. Western financial institutions, have dictated global commodities trade for decades. But now, many isolated nations are looking for alternatives. Digital currency may just be their solution. More: https://dowbit.com/digital-gold-for-black-gold-oil-rich-nations-eye-crypto-alternatives-to-the-us-dollar/

4. Bitcoin is being forked every month now. Besides the more established ones like Bitcoin Cash and Bitcoin Gold, we witnessed the appearance of Bitcoin Silver, Bitcoin Diamond and Lightning Bitcoin. On December 12, another fork happened – Super Bitcoin. The fork’s slogan is ‘Make Bitcoin great again!’. More: https://dowbit.com/super-bitcoin-new-fork-promises-to-make-bitcoin-great-again/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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➡️Cryptocurrency news – December 12⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Ethereum rises to All-Time High of $545 – UBS to embrace Ethereum blockchain solutions
2. Litecoin price takes off –what happened?
3. Parity has invented a way to unfreeze your wallets!
4. The future of Dash – interview with Robert Wiecko from Dash Core Team

1. Ethereum Network crypto, Ether, remained stable last week. However, as of last night the digital currency established an all-time high at $545 — gains of 30%. As of press time, ETH is up 14% and trading at $533. Interestingly, Ether’s gains may be a result of a recent Ethereum blockchain pilot project launched by some of the world’s largest banks. But why would banks champion a technology designed to undermine them? More: https://dowbit.com/ubs-champions-ethereum-blockchain/

2. The Bitcoin network has come under fire recently for it’s cumbersome infrastructure. Litecoin’s network on the other hand, is proving to be fast and effective. The virtual silver began the week on the same trend and it’s currently valued a little over $300. The total increase over the year is more than 4000%! But what may have caused the spike we’ve seen on the last days? More: https://dowbit.com/litecoin-price-takes-off-what-happened/

3. Last month, a programmer froze ETH wallets — worth about $275 million– by mistake. Since then, Parity has been working on a way to unfreeze them.To tackle the problem, Parity wants to change the Ethereum Virtual Machine (EVM) protocol. This would be a virtual streamlining of the platform’s operation, freeing up blocked resources and preventing the situation from happening again. To implement the solution, it will require the “consent” of network maintainers. More: https://dowbit.com/parity-unfreeze-wallets/

4. The past few months have been really successful for Dash. Its price increased dramatically, it has excellent development opportunities ahead, and it’s taking steps towards social awareness by helping people in need. Dash was present at the Cryptocurrency World Expo, which took place on 1st and 2nd of December in Warsaw. One of the speakers there was Robert Więcko, Head of Project Management in the Dash Core Team. He shared his thoughts on future of Dash with us. More: https://dowbit.com/future-of-dash-robert-wiecko/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

➡️Cryptocurrency news – December 7⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Bitfinex defends itself by threatening critics with legal action
2. Steam abandons Bitcoin: cites instability and expense
3. Change your password: NiceHash advises users after hackers steal 4000 bitcoins
4. Seamlessly Buy, Sell, or Spend Cryptocurrencies with Revolut Banking APP

1. Largest crypto exchange Bitfinex has been engulfed in drama. Tether, the US dollar-backed cryptocurrency who shares the same owners are Bitfinex, has been accused of mismanagement. The community demanded an audit to help restore faith in the USDT token. Instead, Bitfinex is suing the critics, the most vocal being anonymous blogger “Bitfinex’ed”, whose post initially started the whole debacle. More: https://dowbit.com/bitfinex-defends-itself-by-threatening-critics-with-legal-action/

2. Steam is the world’s largest gaming platform that has made it possible for its users to pay with Bitcoin. This is no longer the case as Steam just dropped Bitcoin support. To illustrate the situation, Valve says that transaction prices can now reach $20. Three months ago, by comparison, these costs were around USD 0.20. More: https://dowbit.com/steam-abandons-bitcoin-cites-instability-and-expense/

3. NiceHash is the largest crypto-mining platform in the world. Hackers have stolen more than 4000 BTCs from the platform. At current market value, the value is over $50 million. Andrej Nabergoj, CEO of NiceHash released a statement saying that it was the victim of hackers after a security breach and that the company is working with authorities to resolve the issue. More: https://dowbit.com/hackers-steal-4000-btcs-nicehash/

4. London-based mobile banking app Revolut has announced users can now use popular cryptocurrencies together with twenty-five fiat currencies on the platform. Ease of use as well as transparent fees sets the startup apart from traditional banks. In addition to exchanging fiat currencies, Revolut aims to complement their current services with popular digital currencies such as Bitcoin, Litecoin, and Ether. More: https://dowbit.com/seamlessly-buy-sell-spend-crypto-revolut/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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@drmarcobelli thank you!

➡️Cryptocurrency news – December 6⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Bitcoin Proves Irrestistible to Wall Street Exchanges, Big Fish Will Enter on December 10th and 18th
2. Winklevoss Twins are the First Bitcoin Billionaires
3. Mariah Carey, Sia, Slayer and other stars accept Monero!
4. Bypass sanctions with Bitcoin: A Ukrainian Shipping Firm Will Do Just That

1. Following a partnership with digital currency exchange, Gemini, CBOE will offer bitcoin futures starting December 10th. In the meantime, CME Group reversed course on bitcoin futures. In November, they finalized a deal with federal regulators to begin trading starting on December 18th. Not only will the move subject the bitcoin market to more federal oversight, but big investors may also try to short the digital currency. More: https://dowbit.com/bitcoin-proves-irrestistible-to-wall-street/

2. In a 2013 interview with the New York Times, the Winklevoss brothers claimed that they had BTC worth $11 million. They became the first people to openly admit that they possessed such digital assets. Today, at Bitcoin’s current rate, the value of the Winklevoss brothers’ assets has exceeded one billion dollars. Cameron and Tyler claim that since 2013 they haven’t sold any BTC. More: https://dowbit.com/winklevoss-twins-bitcoin-billionaires/

3. Project Coral Reef gathers 45 artists and 5 online shops, which will sell artists’ albums at a promotional prices during the holiday season — if you pay with Monero. The list of artists is impressive. Mariah Carey (author of the most popular Christmas hit of all time “All I want for Christmas”), Sia, Lana del Rey, metal legend Slayer, and many more! More: https://dowbit.com/mariah-carey-sia-slayer-and-other-stars-accept-monero/

4. Ukrainian shipping company, Varamar Ltd. will accept bitcoin. Citing red tape, and to bypass sanctions, bitcoin may revolutionize the industry – while also increasing transparency in one of the most corrupt countries on earth. According to founder Alexander Varvarenko, Odessa-based shipping firm Varamar Ltd. is finalizing its first transaction in bitcoin with a client. More: https://dowbit.com/bypass-sanctions-bitcoin-ukraine/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews
See you tomorrow!

It looks like coindesk 
Although nice topics you've got putting there.
Gl with this.

➡️Cryptocurrency news – December 4⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Lightning Bitcoin: new fork with DPoS consensus and CPU mining
2. How Blockchain Could Save Democracy
3. “Big 4” Accounting firm PwC starts accepting Bitcoin
4. Bitcoin: A Timeline of What One Cost and How You Could Spend It.

1. Recently we have witnessed a great deal of Bitcoin clones. Forks have produced Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond – some have grown into serious coins, while others add little value to the community. It’s time to welcome another Bitcoin clone to the pack! Lightning Bitcoin (LBTC) will be released around block 499,999 – set to occur around December 23. More: https://dowbit.com/lightning-bitcoin-new-fork-with-dpos-consensus-and-cpu-mining/

2. Many governments, financial institutions, and just regular people are wary of bitcoin. Some refuse to recognize bitcoin as a fully-fledged currency, while others view it simply as a carrier of value. However, the opportunities that blockchain offers are undeniable. More: https://dowbit.com/how-blockchain-could-save-democracy/

3. Bitcoin has recovered from its 20% correction last week and is growing towards new ATH. Good news will undoubtedly accelerate this growth. Accounting giant PricewaterhouseCoopers (PwC) has started accepting Bitcoin as payment for its services in the Hong Kong office. More: https://dowbit.com/big-4-accounting-firm-pwc-starts-accepting-bitcoin/

4. Cryptocurrencies have come a long way. When Lazlo Hanyecz made the first real-world transaction by offering to pay 10,000 BTC ($25) for a pizza in 2010, investors scoffed at the fledgling currency. No one could have imagined where cryptocurrency development would lead us. More: https://dowbit.com/2774-2-bitcoin-infographic/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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➡️Cryptocurrency news – November 27⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Litecoin has just established new ATH! Brief story of Silver Bitcoin
2. Problems of Bitcoin Gold – a series of unfortunate events
3. Xiaomi CEO linked to mining equipment manufacturer Bitmain
4. North Korea starts cryptocurrency university course

1. Since Friday Litecoin’s price is skyrocking! Just few hours ago it have crossed 80 $ and is still growing. At the time of realese Litecoin set an ATH at 84,54 and is valued around that number . We think that the remarkable growth needs to be noticed! A little bit of history about the 6th biggest coin, according to Coinmarketcap, is well deserved. More: https://dowbit.com/litecoin-has-just-established-new-ath/

2. Black clouds again gather over BTG. The issue of the wallet, which has led to the theft of users’ funds, has not yet come to an end, and another scandal is already in the pipeline. The development team revealed that hackers had access to the project’s repository in Github. A modified version of the files could be downloaded on Windows for about 4.5 days. Will there ever be an end to the problems of Bitcoin Gold? More: https://dowbit.com/problems-of-bitcoin-gold/

3. Xiaomi founder Lei Jun is a visionary and a progressive thinker. He entered the Forbes billionaire list in 2015 with $13.2 billion dollars. A year earlier he was named Businessman of the Year. The businessman’s assets are diverse: it now seems that he may be connected to Bitmain, the largest manufacturer of Bitcoin mining equipment in the world. If true, such information can be considered as a massive endorsement for Bitcoin. More: https://dowbit.com/xiaomi-ceo-linked-to-mining-equipment-manufacturer-bitmain/

4. North Korea appears to be strongly interested in cryptocurrencies, as it has been accused of stealing cryptocurrencies, hoarding, and mining. Now recent reports indicate that Pyongyang University is offering cryptocurrency course. Despite accusations which haven’t been fully confirmed nor denied, the university course on cryptocurrencies shows hard evidence that the regime sympathizes with cryptocurrencies. More: https://dowbit.com/north-korea-starts-cryptocurrency-university-course/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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➡️Cryptocurrency news – November 23⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. New Ethereum ATH and record number of transactions
2. 6 reasons why Dash price is going up
3. Bitcoin Cash: Are you trying to pump me up again? Well, not really
4. JP Morgan intrested in futures on Bitcoin

1. A few weeks ago, we discussed a new record number of transactions in the Ethereum network. Since then, Vitaliko Buterin has achieved another spectacular success. USD 402.37 is the new Ethereum ATH. After a relatively long period of stabilisation, the world’s second cryptocurrency world has recently entered an upward trend. How did this happen? More: https://dowbit.com/new-ethereum-ath-and-record-number-of-transactions/

2. Dash keeps soaring to new heights! Yesterday it went over $500, and it keeps going! Since yesterday, its ATH is $590 but, unfortunately, it didn’t break the record today, as the price slightly fell, to a bit over $560. Let’s take a look at 6 reasons why Dash is so hot right now. More: https://dowbit.com/6-reasons-dash-price-rising/

3. Bitcoin Cash is increasing in price. Again. It increased by almost 32% to $1568 on Thursday afternoon. Last week brought quite a bit of news fo Bitcoin Cash, but it seems that the price jump is mostly related to announcements about the Bitwala wallet and the cryptocurrency exchange, Bitstamp. More: https://dowbit.com/bitcoin-cash-are-you-trying-to-pump-me-up-again-well-not-really/

4. JP Morgan’s CEO, Jamie Dimon,  has been a staunch opponent of Bitcoin for many years. According to the Wall street Journal, JP Morgan is considering making it possible for its clients to use the derivatives introduced by CME. This is certainly a change of opinion, which will attract great interest from all those who have recently been following the bank’s, and Jamie Dimon’s, activity. More: https://dowbit.com/jp-morgan-intrested-in-futures-on-bitcoin/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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➡️Cryptocurrency news – November 20⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Atomic swap between Bitcoin and Litecoin completed succesfully
2. Abucoins now offers BTG deposits and withdrawals
3. ‘Bitcoin Jesus’ Roger Ver declares Bitcoin Cash to be the real Bitcoin
4. Visa launches its pilot blockchain payment system!

1. This week, the Lightning Labs development team successfully swapped Bitcoin and Litecoin through its atomic swap channel. The coins changed hands with no transactions being recorded on blockchains. The test was done on a local machine, with two nodes being created to monitor Bitcoin and Litecoin testnets. Lightning Labs developer, Conner Fromknecht, created a lightning channel that sent litecoin from one node to the other, then the latter returned Bitcoin. More: https://dowbit.com/atomic-swap-between-bitcoin-and-litecoin-completed-succesfully/

2. Abucoins becomes the second cryptocurrency exchange to support Bitcoin Gold deposits and withdrawals, after the European giant HitBTC. Due to the high user demand for access to the forked coins, the exchange felt obliged to meet their needs whilst maintaining safety standards. According to the tweet, the available markets are BTG/PLN, BTG/EUR, BTG/USD and BTC/BTG. More: https://dowbit.com/abucoins-offers-btg-deposits-and-withdrawals/

3. Roger Ver is famous for his Bitcoin advocacy, but since Bitcoin Cash (BCH) came out, he insists that it is the future of Bitcoin. Earlier this year, divergent groups within Bitcoin’s community couldn’t agree on the scaling solution. Ver is adamant about Bitcoin Cash’s potential, tweeting constant praise. He says that Bitcoin Cash is not exactly a ‘better Bitcoin’, but a return to the original functionality that Bitcoin intended. More: https://dowbit.com/bitcoin-jesus-roger-ver-declares-bitcoin-cash-to-be-the-real-bitcoin/

4. In 2016, Visa announced its blockchain intentions, and now they have released their B2B Connect in a pilot version. This will facilitate international payments through direct blockchain transactions, reducing costs. During B2B Connect’s development, Visa cooperated with institutions such as the American Commerce Bank, the South Korean Shinhan Bank, and Chain, a blockchain tech startup. More: https://dowbit.com/visa-launches-its-pilot-blockchain-payment-system/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

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Infographic. Proof of work vs proof of stake: https://dowbit.com/infographic-proof-of-work-vs-proof-of-stake/

Infographic: Future bitcoin value - https://dowbit.com/future-bitcoin-value-infographic/

Cryptocurrency news – November 6

Dowbit.com is an international information service about cryptocurrencies.

1. Ukraine works on cryptocurrency tax exempt
2. Is it the end of fiat money? Deutsche Bank strategist says so
3. You can buy Bjork’s new album using cryptocurrencies
4. Coinbase welcomes 100,000 new users!

1. Ukrainian parliament has put together a bill which will allow to change Ukrainian Tax Code and create a tax exempt from all cryptocurrency transactions, including mining, purchasing and selling them. The president of Ukrainian Parliament Taxation and Customs Policy Commission, Nina Yuzhanina, has submitted to the parliament a bill in regard to cryptocurrencies and its derivatives. More: https://dowbit.com/ukraine-works-on-cryptocurrency-tax-exempt/

2. Fiat money has disappointed us a few times already, causing the need for change. Jim Reid, the strategist from Deutsche Bank, wrote a paper that suggests fiat money will disappear from our economy, but it’s yet to be established what will be a replacement for it. He argues that it might be possibly replaced by cryptocurrencies. More: https://dowbit.com/is-is-the-end-of-fiat-money-deutsche-bank-strategist-says-so/

3. Bjork, an Icelandic artist, is a well-known persona in the music world. Her music and performances are reverberating in all corners of the world, especially since the artist has been on stage for more than 30 years. She’s known for breaking many artistic barriers, creativity… and this time Bjork will be also known for the first music album which can be purchased also via cryptocurrencies. More: https://dowbit.com/bjork-buy-new-album-cryptocurrencies/

4. After CME Group has announced its plans to introduce derivatives based on Bitcoin, within 24 hours the biggest US cryptocurrency exchange, Coinbase, has reached the record number of new users – over 100,000 new users have registered since CME made its announcement. Such radical growth of a number of users wasn’t caused by CME announcement only. October, in contrast to previous months, was marked by the considerable growth of cryptocurrency market value. More: https://dowbit.com/coinbase-welcomes-100000-new-users/

See you tomorrow!

Cryptocurrency news – November 2

Dowbit.com is an international information service about cryptocurrencies.

1. Amazon buys cryptocurrency-connected domains
2. Bitcoin Cash hard fork – yet another unnecessary split?
3. BitPay will halt deposits and withdrawals before SegWit2x
4. Ron Paul defends Bitcoin from US government

1. Amazon is always a hot topic among cryptomaniacs. This time, however, it’s not about Bitcoin payment availability. Most probably, Amazon wants to protects its brand. This might be the reason why the company bought domains such as amazonethereum.com, amazoncryptocurreny and amazoncryptocurrencies.com. More: https://dowbit.com/amazon-buys-cryptocurrency-connected-domains/

2. One fork isn’t equal to other. Lately we’ve witnessed various types of hard forks. Bitcoin holders had the possibility to get ‘free’ coins which took form of Bitcoin Cash and Gold. In the meantime, Ethereum experienced implementation of crucial changes (Byzantium) without creating new cryptocurrency. What will happen on the 13th of November, when Bitcoin Cash hard fork is planned? More: https://dowbit.com/bitcoin-cash-hard-fork/

3. On a post on their blog, BitPay has announced that it will support the chain that has the bigger difficulty after the fork. According to them, lots of users of the exchange support Segwit2x but there are also some that do not, and according to the post, this decision was taken in order to guarantee the safety and security of the users and their assets. Furthermore, BitPay has announced that it will halt all deposit and withdraw transactions 24 hours prior to the fork. More: https://dowbit.com/bitpay-will-halt-deposits-and-withdrawals-before-segwit2x/

4. Ron Paul, the Republican two-time Presidential candidate said that “Government should keep their nose out of bitcoin and allow competing currencies to thrive”. He admitted that government interest in cryptocurrencies made him ‘a little bit nervous’ and warned others to be more cautious. More: https://dowbit.com/ron-paul-defends-bitcoin-from-us-government/

See you tomorrow!

Cryptocurrency news – October 26

1. Hong Kong Bitcoin Community against SegWit2x
2. Another BTC hardfork? Get ready for Bitcoin Silver!
3. 7nm Bitcoin mining chips from Japan – ICO will fund the project?

1. The closer we get to the awaited SegWit2x hard fork, the stronger gets the resistance against it. This time both the Hong Kong Bitcoin Community and Bitcoin Association of Hong Kong have issued a statement in which they officially condemn the Bitcoin hard fork.
More: https://dowbit.com/hong-kong-bitcoin-community-against-segwit2x/

2. Even more exchanges are pulling back SegWit2x support and there is a new fork on the horizon. This time, get ready for Bitcoin Silver. Developers team of Bitcoin Silver communicated through Bitcointalk forum, that their plan is to “Make Bitcoin decentralized again”.
More: https://dowbit.com/another-btc-hardfork-get-ready-for-bitcoin-silver/

3. GMO – Japanese internet group has announced their plans to start selling new generation of BTC mining chips. Funds for 7nm Bitcoin mining chips are going to be raised through ICO. GMO plans to spend 10 billion yen (almost 90 million dollars!) in total to develop ASIC chipsets and miniaturize the technology.
More: https://dowbit.com/7nm-bitcoin-mining-chips-ico/

See you tomorrow!

Cryptocurrency news – October 25

1. Bitcoin scaling debate – the history of agreements
2. Bitcoin payments on amazon will happen?
3. It’s official: Russia regulates ICOs and mining
4. DEA: Bitcoin is used for money laundering

1. Among pros of transacting using Bitcoins, the first thing that comes to mind is its speed and relatively low costs. Unfortunately, as the BTC network develops and number of transactions and users started to grow like a flash, the situation is starting to change. Bitcoin scaling debate was supposed to provide solutions for constantly growing time and cost of transactions.
More: https://dowbit.com/bitcoin-scaling-debate-history/

2. The online retail giant Amazon could finally allow Bitcoin as a mean of payment relatively soon. At the moment it’s only a rumor, however, there are corresponding facts that Bitcoin payments on Amazon will happen even this year. Cryptocurrency community has created a petition in order to voice their need for Bitcoin payments on Amazon.
More: https://dowbit.com/bitcoin-payments-on-amazon-will-happen-rumour/

3. That was expected to happen sooner or later: Russia regulates cryptocurrencies and mining. As reported by the Russian media RNS, President Vladimir Putin has signed the bill on ICO regulation and cryptocurrency mining. Kremlin’s press service formally announced the news on Tuesday, explaining that ICO regulatory status will be similar to Russian regulation of IPOs.
More: https://dowbit.com/its-official-russia-will-regulate-icos-and-cryptocurrency-mining/

4. American Drug Enforcement Agency (DEA) released the report concerning drug trade. A big part of it was dedicated to cryptocurrencies and their use in illegal activity. DEA points out that many Chinese companies can be accused of money laundering due to using bitcoin in transactions.
More: https://dowbit.com/dea-bitcoin-is-used-for-money-laundering/

See you tomorrow!

Cryptocurrency news – October 24

Dowbit.com is an international information service about cryptocurrencies.

1. Bitcoin Gold – so far not so good?
2. Wolf of Wall Street: ICOs are scam
3. BitMEX told users to “sell ShitCoin2x”
4. British banks refuse to service DLT startups

1. Yesterday we’ve witnessed the anticipated Bitcoin hard fork. Although more people are focused on the November’s SegWit2x activation, the promise of ‘free coins’ has successfully brought attention of the cryptocurrency community and jacked up BTC price to new historical levels. So one can ask, where are my BTG? It seems that Bitcoin Gold after fork works worse than expected.
More: https://dowbit.com/bitcoin-gold-after-fork/

2. Jordan Belfort, the infamous Wolf of Wall Street, speaks about cryptocurrencies again! This time he critiques the ICOs: “Promoters are perpetuating a massive scam of the highest order on everyone. Probably 85 percent of people out there don’t have bad intentions, but the problem is, if five or 10 percent are trying to scam you, it’s a f**king disaster. It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse than anything I was ever doing.”
More: https://dowbit.com/wolf-of-wall-street-icos-scam/

3. Over a week ago, cryptocurrency exchange BitMEX announced that it will not support SegWit2x. According to their blogpost, the exchange won’t deal with rival Bitcoin chains under any circumstances, because SegWit2x will put customers’ assets in danger. The exchange has published a trading strategy called “Trading ShitCoin2x”. The dedicated trading strategy is based purely on selling the ‘shitcoin‘.
More: https://dowbit.com/bitmex-told-users-to-sell-shitcoin2x/

4. British startups working with Distributed Ledger Technology have problems with access to banking services. The Information was brought by the UK Financial Conduct Authority. In in the report prepared, FCA stated that it’s witnessing a regular denial of banking services from certain banks to companies that use the regulatory sandbox program. It concerns mainly both electronic payments and digital currency companies.
 More: https://dowbit.com/british-banks-refuse-to-service-dlt-startups/

See you tomorrow!

Cryptocurrency news – October 23

Dowbit.com is an international information service about cryptocurrencies.

1. Wallets ready for Bitcoin Gold: how to be prepared for the fork?
2. Bank closes accounts because of Bitcoin transactions
3. Will Japan continue to be a cryptocurrency giant?
4. Is there a fair price for Bitcoin? BlackRock says no

1. Only a couple of hours are left before Bitcoin Gold hard fork is activated. Even though November SegWit2X hard fork is more important for BTC future, plenty of people hope for free tokens. So where should we keep our Bitcoins in order to receive BTG? Which wallets are ready for Bitcoin Gold?
More: https://dowbit.com/wallets-ready-for-bitcoin-gold/

2. And again, we’re witnessing a story where bank closes all accounts because of Bitcoin transactions. One of Reddit users reports that bank BNP Paribas is closing all of his bank accounts in less than 60 days because of “bitcoin”. The frustrated user is looking for other people with similar stories as he intends to contact some reputable journalists about doing a story on this subject.
More: https://dowbit.com/bank-closes-accounts-bitcoin-transactions/

3. Japan recognises Bitcoin as a legal mean of payment and therefore is the largest user of Bitcoin. Japan’s approach is very supportive towards ICOs. Co-founder of IndiesSquare, Kogi Higashi, is not convinced however, that Japan is a safe market for ICOs. He believes that the conservative and risk-free nature of many industries in Japan can trigger bans.
More: https://dowbit.com/will-japan-continue-to-be-a-cryptocurrency-giant/

4. Richard Turnill, the chief investment strategist for world’s largest asset manager, BlackRock, said that there is no ‘right or wrong’ price for Bitcoin. In an interview with Business Insider, he said that he doesn’t know what’s the “fair” price for Bitcoin.
More: https://dowbit.com/is-there-a-fair-price-for-bitcoin-blackrock-says-no/

See you tomorrow!

Cryptocurrency news – October 17

Dowbit.com is an international information service about cryptocurrencies. 

1) Lisk – smart money or a nail to the coffin?
2) Will China accept Bitcoin again?
3) IBM along with KlickEx and Stellar are creating a universal payment system
4) SEC Representative: Bitcoin bubble is real

1) Many people got interested in the Lisk project due to the upcoming rebranding, which was supposed to take place in September. In the past, when other cryptocurrencies were rebranding, their value would rise even by a few hundred percent in a very short period of time. This is one of the reasons why there was a significant inflow of new capital into Lisk, which made its price shoot up by over 300%. More: https://dowbit.com/lisk-smart-money-or-a-nail-to-the-coffin/

2) Undoubtedly, Chinese officials find it hard to accept Bitcoin and cryptocurrencies. There is no need to remind how drastic were the ICO and cryptocurrency exchange bans. We all remember how Bitcoin dropped from almost $5000 to $3100 as a result of Chinese regulations. However, there is still a chance that China will accept Bitcoin again. More: https://dowbit.com/will-china-accept-bitcoin-again/

3) IBM and KlickEx have announced that Stellar, a nonprofit organisation supporting an open source blockchain network, is a key element of a “new international payment solution”. IBM is already calling a group of large partner banks to take further initiatives in what is called the first public use of blockchain to facilitate international payments. Among the members there are National Australia Bank, TD Bank and Wizdraw (HK) of WorldCom Finance. More: https://dowbit.com/ibm-along-with-klickex-and-stellar-are-creating-a-universal-payment-system/

4) Among SEC representatives, Bitcoin is a very delicate discussion topic which can raise multiple controversies. This time, usual SEC’s Investor Advisory Committee meeting has turned into explosive dialogue. The tension was caused by one representative saying that Bitcoin bubble is real. More: https://dowbit.com/sec-committee-bitcoin-bubble-is-real/

See you tomorrow!

Cryptocurrency news – October 16

Dowbit.com is an international information service about cryptocurrencies.

1. Residence in Notting Hill only for Bitcoin
2. Russia will issue ‘CryptoRuble’
3. South Korea will impose Bitcoin tax

1. Buyers wishing to purchase a residence in Notting Hill will have to be in hold of Bitcoins. The six-storey residence near Portobello Road is worth £17 million and will soon be available for sale. You will only be able to purchase it with Bitcoins. Most probably it is the first offer of this kind in London. More: https://dowbit.com/residence-in-notting-hill-only-for-bitcoin/

2. Recently, we’ve received various statements from Russian government. Both president Vladimir Putin and Russian Central Bank have issued statements on cryptocurrencies. Both of them were strongly skeptical about cryptocurrency development in Russia. Today we know that those words announced action, which can jumpstart the idea of national cryptocurrencies. However, the idea has taken a different turn than expected. More: https://dowbit.com/russa-will-issue-cryptoruble/

3.  According to South Korean National Tax Service, authorities have discussed the possibilities of Bitcoin tax. Han Seung-Hee, commissioner of the National Tax Service proposed to lawmakers how to tax cryptocurrencies. Most likely, not only Bitcoin will be taxed but all cryptocurrencies. More: https://dowbit.com/south-korea-will-impose-bitcoin-tax/

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Cryptocurrency news – October 11
 Dowbit.com is an international information service about cryptocurrencies. 

1. Russia about to cut access to all cryptocurrency exchanges
2. Bitcoin enthusiast sells everything to buy more Bitcoins
3. Ukraine is working on a law prohibiting the use of cryptocurrencies
4. Fujitsu and 3 largest banks are developing a money transfer system 

1. According to the latest RBC news, Russian Central Bank in cooperation with the general prosecutor is working on shutting down access to all cryptocurrency exchanges operating in Russia. Shvetsov added that Russian Central Bank has its opinion on cryptocurrencies – those financial instruments don’t allow regulatory bodies to successfully secure participants’ assets. He also added that digital currencies have no legal definition. More: https://dowbit.com/russia-about-to-cut-access-to-all-cryptocurrency-exchanges/

2. We’re all passionate about Bitcoins and cryptocurrencies. We love them, we love the concept and we love being in the same community. However, the question is how deep is your love for Bitcoins? Probably not as deep as this one guy who sold everything to accumulate Bitcoins. And his wife is okay with that. More: https://dowbit.com/bitcoin-enthusiast-sells-everything-to-buy-more-bitcoins/

3. On 6 October 2017, the Ukrainian Parliament (Verkhovna Rada) received a proposal of a law to regulate cryptocurrency-related issues (mentions had already appeared before). The Act authorises the Central Bank of Ukraine to regulate cryptocurrencies. While the cryptocurrencies are subject to the tax law of the country, the Act waives any warranties and consumer protection by the Government of Ukraine. More: https://dowbit.com/ukraine-is-working-on-a-law-prohibiting-the-use-of-cryptocurrencies/

4. Fujitsu, a technology tycoon and three major banks have announced plans to pilot a peer-to-peer money transfer system based on blockchain technology. They will test the blockchain platform on a cloud transferring funds between individuals, but also between mobile applications to increase the usability of the system. More: https://dowbit.com/fujitsu-and-3-largest-banks-are-developing-a-money-transfer-system/

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Cryptocurrency news – October 9

Dowbit.com is an international information service about cryptocurrencies.

1. What will France’s approach to the ICO be?
2. First atomic swap between Ethereum and Bitcoin
3. Will IMF cryptocurrency replace bitcoin?
4. Bitflyer’s Bitcoin prepaid card

1. According to the national regulator of the financial markets, France is seeking to draw up rules covering fund collections through the ICO. Speaking last week in Challenges‘ business magazine, Robert Ophele, President of AMF (Autorite des marches financiers), said that his agency was seeking to formalize the Blockchain technology regulations, citing the growing interest in this technology in France. More: https://dowbit.com/what-will-frances-approach-to-the-ico-be/

2. The decentralized cryptocurrency exchange, Altcoin Exchange informed that on 7th of October their team successfully conducted the first atomic swap between Ethereum and Bitcoin. According to the startup, it is their first step towards the creation of a trustless exchange process. More: https://dowbit.com/atomic-swap-between-ethereum-and-bitcoin/

3. International Monetary Fund is strongly committed to creating their own cryptocurrency. According to the Wall Street Journal, IMF cryptocurrency is a response to Bitcoin, which aims to centralize the cryptocurrencies and replace the dollar as a reserve currency. More: https://dowbit.com/will-imf-cryptocurrency-replace-bitcoin/

4. Bitflyer, the largest Japanese Bitcoin exchange in terms of volume, has released its own prepaid Visa card. The cards will be able to be funded in BTC through the exchange itself or other Bitcoin wallets. Bitflyer’s Bitcoin prepaid card will be denominated in Japanese yen and its users will have to take into account relatively low deposit limits. However, this is yet another step towards global cryptocurrency adoption. More: https://dowbit.com/bitcoin-prepaid-card-biflyer/

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Cryptocurrency news – October 5

Dowbit.com is an international information service about cryptocurrencies.

1. Over 10 000 people want BTC and LTC payments in Amazon
2. Extradition of Alexander Vinnik – justice or a dangerous precedent?
3. Two government employees fired for mining Bitcoins at work
4. Will the new banking cryptocurrency replace Bitcoin?

1. Even though cryptocurrency payments are currently significantly limited, number of their advocates is increasing every day. Petition for Amazon to introduce payments using Bitcoin and Litecoin was signed by 10 000 people already! More: https://dowbit.com/over-10-000-people-want-btc-and-ltc-payments-in-amazon/

2. Alexandr Vinnik’s troubles continue – yesterday the court agreed to his extradition to the United States. Vinnik was arrested in July in Greece and accused of laundering 4 billion dollars through the BTC-e exchange. According to Russian lawyers, he should not be brought to court in the USA because BTC-e is not an American company and does not operate in the country. However, this case goes deeper than that – there are connections between the exchange and accounts involved in stealing money from Mt. Gox. More: https://dowbit.com/extradition-of-alexander-vinnik/

3. You have to be really careful when you do stuff unrelated to your work on the computer provided by employer. Last month, two IT specialists working in the government of Crimea were fired. The reason was peculiar: they were mining Bitcoins at work using government computers. More: https://dowbit.com/two-government-employees-fired-for-mining-bitcoins-at-work/

4. Six global banks have worked together to introduce a new form of virtual currency called “utility settlement coin” (USC). The team includes Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, Japanese Mitsubishi UFJ (MUFJ) and State Street. More: https://dowbit.com/will-the-new-banking-cryptocurrency-replace-bitcoin/

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Cryptocurrency news – October 4

Dowbit.com is an international information service about cryptocurrencies. 

1. BitBay Boxing Night Gala – Polish exchange to sponsor boxing event
2. Charlie Lee warns investors, Litecoin can lose up to 90%? 
3. Bitcoin ATMs increasingly popular
4. Morgan Stanley CEO less skeptical towards Bitcoin

1. The biggest polish cryptocurrency exchange BitBay started to focus all efforts on marketing. Not only they have created the new version of their platform, BitBay 3.0 but also have decided to reach a bigger audience and sponsor BitBay Boxing Night Gala. More: https://dowbit.com/bitbay-boxing-night-gala-polish-exchange-to-sponsor-boxing-event/

2. All investors are always warned that the investments involve risks. The phrase that you should not invest more than you can afford to lose is being repeated like a mantra. However, when the creator of Litecoin, Charlie Lee warns investors that his cryptocurrency may lose up to 90% of value next year, the situation may be worrying. More: https://dowbit.com/charlie-lee-warns-investors/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

4. More and more people are convinced to Bitcoin as a means of investing money. Of course, this number is dependent on multiple factors. In particular, such factor is the opinion of market influencers, e.g. banks CEOs. And recently the opinion of CEOs and investors is varying a lot. Fortunately, Morgan Stanley CEO through his opinion may trigger a positive market reaction. More: https://dowbit.com/morgan-stanley-ceo-less-skeptical-towards-bitcoin/

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Good crypto blog with current topics, albeit they are published before you do, but at least getting them all in one place. Appreciate your research and hope you will keep up the good work and wishing your website every success, including getting listed in Google News

Cryptocurrency news – October 3

Dowbit.com is an international information service about cryptocurrencies.

1. Cryptocurrency mining scripts on popular websites
2. Goldman Sachs plans to introduce a cryptocurrency operations 
3. Bitcoin ATMs increasingly popular

1. An increasing number of websites is using cryptocurrency mining scripts to make money on their users. When you visit their service, the CPU is under maximum load from Javascript, which uses the computing power of your computer to mine Monero. How do I protect myself from unwanted power consumption and equipment wear? Will this trend affect the cryptocurrency market? More: https://dowbit.com/cryptocurrency-mining-scripts/

2. Goldman Sachs, one of the world’s largest investment banks, is exploring the possibility of introducing a new trading operations based on cryptocurrencies. This is a response to what the spokesperson described as “client interest in digital currencies”. The Wall Street Journal explains that the study is ongoing and may not yield any results. More: https://dowbit.com/goldman-sachs-plans-to-introduce-a-cryptocurrency-operations/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

See you tomorrow!

Cryptocurrency news – October 2

Dowbit.com is an international information service about cryptocurrencies.

1. Gang robbing people buying Bitcoins was caught in New Delhi
2. Notes from Wicked Crypto Meetup
3. SEC filed charges against 2 ICOs
4. Bahrain is optimistic about Bitcoin 

1. A group of six people was arrested in New Delhi, India for robbing people. The group argued that they were buying bitcoins for real money. Thieves used to contact interested party through phone calls and Facebook messages and convinced the buyers to deal in cash for buying the Bitcoin. Once, they convinced the buyer and called them to the designated place, the other gang members would come into action and would then rob the victim. More: http://dowbit.com/gang-robbing-people-buying-bitcoins-was-caught-in-new-delhi/

2. Last Monday, Warsaw held the second Wicked Crypto Meetup. The main topic of the meetup was different aspects of blockchain technology – what is it, its uses and its future. The meeting took a form of the discussion panel with Lon Wong, president of the NEM Foundation (we had a chance of interviewing him after the Meetup) and Enrique Melero, previous COO at HSBC Private Bank and blockchain advocate. More: http://dowbit.com/notes-from-wicked-crypto-meetup-its-all-about-blockchain/

3. The American Securities and Exchange Commission, SEC, has filed charges against 2 ICOs – Real Estate Coin and Diamond Reserve Club. This is yet another movement of the agency against the offers of new tokens. However, all signs indicate that the regulator’s objections are well justified. Maksim Zaslavskiy, who is behind both ICOs, was accused of selling unregistered securities. More: http://dowbit.com/sec-filed-charges-against-2-icos/ 

4. It actually seems that Bahrain is optimistic about Bitcoin, cryptocurrencies and blockchain – seeing such government stance shows that they understand that the entire financial industry is being disrupted. It is the midst of a new technology and being rampant by the blockchain technology, which will unlock a whole new era for personal transactions. We might actually see Bahrain becoming a leader in adopting cryptocurrencies seeing that it is open to experiments, cooperation and discussions. More: http://dowbit.com/bahrain-is-optimistic-about-bitcoin/

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Cryptocurrency news – September 28

Dowbit.com is an international information service about cryptocurrencies.

1. Catapult by the end of the year – interview with NEM.io foundation president
2. Macau bans financing cryptocurrency companies
3. NXC takes over the Korean Korbit Exchange
4. ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism

1. NEM is currently the 7th biggest cryptocurrency by market capitalization. Project based on proof-of-importance allows not only to transfer funds but also building your own applications. Endeavour which has been in development for almost 2.5 years, is very close to publishing its long-awaited update – CATAPULT. More: http://dowbit.com/catapult-should-be-released-before-the-end-of-the-year-interview-with-lon-wong-president-of-nem-io-foundation/

2. The Monetary Authority of Macau (AMCM) has issued a statement prohibiting local financial institutions from providing services to companies issuing virtual currencies and tokens. These institutions will not be allowed to take part in projects or to finance entities dealing with cryptocurrencies. It is another step of China against money laundering and capital outflow from the country. More: http://dowbit.com/macau-bans-financing-cryptocurrency/

3. The NXC media giant bought the second largest Korean cryptocurrency exchange. Korbit was sold for a substantial amount of 80 million dollars. The official Korbit acquisition signals a turning point in the corporation’s approach to the cryptocurrency exchange sector. Until now, corporations have been looking for an opportunity to earn money by investing in various projects rather than taking them over. More: http://dowbit.com/nxc-takes-over-the-korean-korbit-exchange/

4. Quite recently we’ve heard JPMorgan’s Jamie Dimon strong criticism of Bitcoin, calling the whole scheme a fraud. Even though the criticism has met with a backlash from investors and the public, it seems that his opinion also provoked other members of the Wall Street financial club. This time, Jordan Belfort, the famous ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism. More: http://dowbit.com/wolf-of-wall-street-follows-jpmorgan-ceo-bitcoin-criticism/

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Cryptocurrency news – September 27

1. Localbitcoins compensates its users for their bitcoin cash with bitcoins
2. Japan is considering the release of J-Coin
3. ICOs choose Hong Kong?

Dowbit.com is an international information service about cryptocurrencies.

1. After Bitcoin’s hard fork on 1 August, many people still do not have access to their BCH funds. Individual services, portfolios or exchanges plan to gradually make their resources available to users. However, some services may go a different route – Localbitcoins compensates its users bitcoins in exchange for their bitcoin cash. More: http://dowbit.com/localbitcoins-compensates-users-bitcoins/

2. Banks in Japan are considering creating their own digital currency called J-Coin. The main function of J-Coina is to eliminate cash as a mean of payment. The implementation of the cryptocurrency is planned to take place in before the Tokyo Olympic Games in 2020. The whole project is supported by the financial supervisory authorities and aims to improve the financial system in Japan. More: http://dowbit.com/japan-is-considering-the-release-of-j-coin/

3. The Chinese haven’t been easy on cryptocurrencies recently. The hardline stance was slightly shocking for many, especially since Bitcoin has received a blow. However, one part of China retained from using drastic measures against cryptocurrencies. The small island state of Hong Kong. Because ICOs were hurt mostly, they needed a new safe haven. Due to that, ICOs choose Hong Kong. More: http://dowbit.com/icos-choose-hong-kong/

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Cryptocurrency news – September 26

1. Bitcoin as national currency?
2. SEC creates Cyber Unit in effort to regulate ICOs
3. National Bank of Ukraine is working on cryptocurrency regulation
4. Raiden Network – the future of payments?

Dowbit.com is an international information service about cryptocurrencies.

1. Can we actually consider Bitcoin as national currency? Can we imagine that one day whole economic system of a country will be based on cryptocurrency and blockchain architecture? In theory, that would be perfect. Accounts would be balanced, financial predictions could become more accurate. And even imagine that whole voting system is based on the blockchain. More: http://dowbit.com/bitcoin-as-national-currency-not-so-fast/

2. US Securities and Exchange Commission (SEC) has announced that special Cyber Unit will be created. The unit will be responsible for overseeing matters related to cryptocurrencies. This is yet another movement of the Commission regarding regulation of ICO and cryptocurrencies. Quite recently they have announced that TheDAO project tokens were in fact securities falling under respective laws More: http://dowbit.com/sec-creates-cyber-unit-regulate-icos/

3. National Bank of Ukraine (NBU) is working intensively on regulating cryptocurrency market and its positioning among existing law framework. NBU’s press release shows course taken by legislative organs to regulate Bitcoin and generally the whole market of digital currencies. More: http://dowbit.com/national-bank-of-ukraine/

4. Developers of Raiden Network – one of the most anticipated scaling solutions for Ethereum – have released an early version. The new version of the product was dubbed µRaiden (pronounced “micro Raiden”). It will allow micropayments between users through a network of nodes. Furthermore, the solution is ERC-20 standard compatible, meaning it will work together with the tokens that have been recently issued on top of ethereum. More: http://dowbit.com/raiden-network/

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Very impressive! The site looks great and contains some solid content. Keep it up!

Cryptocurrency news – September 25

1. Investor defends Bitcoin from JPMorgan CEO
2. Further bans on the cryptocurrency exchanges in China
3. Gibraltar the perfect place for cryptocurrency funds?
4. CFTC filed charges against Gelfman Blueprint – Bitcoin
 
1. Earlier in September at a banking conference, CEO of JPMorgan Jamie Dimon critiqued Bitcoin. His claims included that government will work on taking down decentralized cryptocurrencies, as the whole cryptocurrency scheme is a fraud. Yet still, investor defends Bitcoin by showing fallacies in Dimon’s reasoning. More: http://dowbit.com/investor-defends-bitcoin-from-jpmorgan-ceo/

2. According to Chinese public television CCTV, 17 exchanges and platforms will stop offering the possibility of cryptocurrency exchange in Shanghai. In their public statements, the companies have announced that they will not engage in ICO-related activities and have proposed their exit plans. Further bans on the cryptocurrency exchanges in China apply both to those that have already announced their closure, and to many of the platforms whose status was uncertain. More: http://dowbit.com/further-bans-cryptocurrency-exchanges-in-china/

3. Regulators around the world are beginning to realize how much money they have changed owners during ICO fundraising. Observing the growing number of ICOs, Gibraltar’s Financial Services Commission has issued statements declaring that it is necessary to introduce a regulatory framework for companies that use Blockchain technology to store or transfer value. It is expected that these regulations will be implemented by January 2018. More: http://dowbit.com/gibraltar-the-perfect-place-for-cryptocurrency-funds/

4. The Commodity Futures Trading Commission (CFTC) has filed its first ever charges against a corporation investing in Bitcoin. Gelfman Blueprint, owned by Nicholas Gelfman from Brooklyn, New York, was accused of making false statements about the investment in Bitcoin. Investors tempted by the opportunity to earn a good income were willingly entrusting their money to the company. More: http://dowbit.com/cftc-filed-charges-against-gelfman-blueprint-bitcoin/

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It is impressive that you keep posting every day and it is not copied informations. You should promote your website more because you offer good information and maybe some people are interested but dont see your website. It is hard to compete these days because there are a lot of website like yours and all of them offer the same thing. The quality and promoting will make the difference

Cryptocurrency news – September 21

1. Byzantium – the first part of the Ethereum hardfork
2. Bitcoin can’t be stopped!
3. Malaysia opens up to cryptocurrencies
 
1. The first part of the planned Ethereum hardfork called Byzantium debuted in the Ropsten test network. This is part of a wider project called Metropolis, which is intended to improve the operation of the whole network and introduce the expected novelties. Vitalik Buterin, the creator of Ethereum, informed about the novelties on his twitter. More: http://dowbit.com/byzantium-ethereum-hardfork/

2. Bitcoin has recently received two powerful blows from China. Many people already predicted the end of Bitcoin and in panic started selling off their cryptocurrencies. The price of BTC fell briefly to $3000, then it fired violently up and has remained roughly stable around $4000 for several days. As you can see Bitcoin is not so easy to kill. Users of digital currencies find ways to handle the Chinese ban. More: http://dowbit.com/bitcoin-cant-be-stopped/

3. As China has blocked cryptocurrencies, other countries have started to increasingly open up to Bitcoin and other virtual currencies. A recent statement by Tan Sri Muhammad Ibrahim, Deputy Minister of Malaysian Bank Negar, at the Global Symposium on Financial Institutions Development, shows that Malaysia can become a Bitcoin-open country. More: http://dowbit.com/malaysia-opens-up-cryptocurrencies/

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Cryptocurrency news – September 20

1. Anonymous domain name registration with BTC
2. Ethereum to replace Visa?
3. Investors still interested in ICOs
4. Switzerland shuts down 3 companies illegally trading E-coin
5. BlockEx and RiskSpan are joining Wall Street Blockchain Alliance

1. Recently, the founder of the infamous torrent service, Pirate Bay, has launched the “Njalla”, an anonymous domain name registration service. Njalla is supposed to be focused on privacy and be a response to increased interest in acquiring domains without providing personal data. You will be able to pay for anonymous domain name registration with BTC. More: http://dowbit.com/anonymous-domain-name-registration-with-btc/

2. Vitalik Buterin, speaking at TechCrunch Disrupt 2017, said that the platform has an opportunity to change a lot in terms of data and security.  His comments made clear suggestions that Ethereum would reach a trading power comparable to Visa within two years. Ethereum’s creator also points out that blockchain technology is likely to provide platforms for games and other data-intensive applications in the future, where security is a key element. More: http://dowbit.com/ethereum-to-replace-visa/

3. Startups are increasingly choosing to raise funds with ICOs (Initial Coin Offerings). The main reasons for making such a decision are probably the low cost of raising such capital and the minimal cost that must be incurred in order to start the crowdsale. Regardless of whether it is a well-established organization or a group of university graduates with innovative ideas and low initial capital, ICO offers both the opportunity to raise capital. More: http://dowbit.com/investors-still-interested-in-icos/

4. The Swiss financial market regulator has ordered the closure of 3 companies associated with alleged fraud. The Swiss Financial Market Supervisory Authority (FINMA) announced on September 10 that it has shut down Quid Pro Quo Association, Digital Trading AG and Marcelo Group AG in relation to the sale of the “E-Coin” Currency. The companies operated without appropriate authorization and were liquidated by FINMA. More: http://dowbit.com/switzerland-shuts-down-3-companies-illegally-trading-e-coin/

5. The Wall Street Blockchain Alliance (WSBA), a leading non-profit organization in this industry has announced that BlockEX and RiskSpan became new members of their team. BlockEx is a digital virtual assets platform, created to deal with product life-span. It permits the creation, issuance, operation and trade of financial virtual assets created using the blockchain technology. Their customers are mainly corporations, financial or government institutions, and retailers. More: http://dowbit.com/blockex-and-riskspan-are-joining-wall-street-blockchain-alliance/

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Cryptocurrency news – September 19

1. 7 reasons for Bitcoin exchanges ban in China

2. Bitcoin can rescue Catalonia

3. Australia reduces double taxation on cryptocurrencies

4. Malta is setting up a Task Force for Blockchain

1. Professor Yang Dong, lecturer at Renmin University of China, in an interview for public television CCTV presented the reasons for Bitcoin exchanges ban in China. Professor Warmus spoke earlier at workshops attended by representatives of the People’s Bank of China and the Chinese securities supervisory commission.
More: http://dowbit.com/7-reasons-bitcoin-exchanges-ban-in-china/

2. In Catalonia, a referendum is scheduled for October 1 on the separation of the region from Spain. Jullian Assange, the founder of Wikileaks, immediately supported the referendum with a reference to Bitcoin, through twitter. Post Assange may have suggested that those who want financial freedom without the ability to interact with the authorities could find an answer in Bitcoin and other cryptocurrencies.
More: http://dowbit.com/bitcoin-can-rescue-catalonia/

3. Recently, the Australian government has introduced regulations to remove double taxation of cryptocurrencies. The reform initially set out in the Turnbull budget has been approved. On September 14th, a double taxation abolishing law was officially introduced. At present, consumers using virtual currencies can pay tax on goods and services twice: once when they buy virtual currencies and once again when they buy various goods and services. More: http://dowbit.com/australia-reduces-double-taxation-on-cryptocurrencies/

4. On 15th of September 2017, the Maltese Government announced the establishment of a Task Force for Blockchain, which will review the current situation and issue recommendations in order to establish a Technology Development Plan for Blockchain. In April 2017, the Cabinet of Ministers approved the elaboration of a national strategy for the development of Blockchain technology.
More: http://dowbit.com/malta-is-setting-up-a-task-force-for-blockchain-technology/

You can find more information at http://dowbit.com/

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Cryptocurrency news – September 18

1. Universities in Russia create courses about cryptocurrencies

2. Dubai warns against ICOs

3. Exchange BTC-e reopens under the name WEX.nz

4. Deribit Exchange Problems

5. More attempts to bring E-Commerce to unbanked sector

1. More and more universities in Russia are introducing additional courses to existing curriculums. The financial faculties were enriched with cryptocurrency, Bitcoin and blockchain technology classes. This is the first time such courses have been offered by universities. This was caused by the growing demand among students of financial faculties.
More: http://dowbit.com/universities-in-russia-create-courses-about-cryptocurrencies/

2. The Dubai Financial Services Authority (DFSA) has issued a warning to investors against ICOs. According to DFSA, certain types of public offers, including ICOs, should be considered as high-risk investments. This narrative is in line with the trend previously set by China, Singapore, Canada, Malaysia and the USA, among others, who have also taken steps against ICO.
More: http://dowbit.com/dubai-warns-against-icos/

3. The Russian Cryptocurrency Exchange BTC-e, which was recently closed by the FBI, has officially reopened on the new WEX domain. The company posted an official statement on its website in which it thanked its users for their patience. The statement also indicates that the new platform has already been launched and accounts with balances have been transferred.
More: http://dowbit.com/cryptocurrency-exchange-btc-e-reopens-its-operations-under-the-name-wex-nz/

4. On Friday, around 14 o’ clock, Deribit the cryptocurrency exchange had problems with the liquidation algorithm, which resulted in unfair losses for some clients’ accounts. In order to solve the problem, the stock exchange had to temporarily suspend trade on its platform. The total loss for the exchange is approximately 60 BTC, or roughly $235,000 at the time a message is posted. As Deribit assures, all the funds accumulated in user accounts are secure and the exchange takes all the loss.
More: http://dowbit.com/deribit-exchange-problems/

5. Moving the electronic commerce to the public sector seems to be getting easier due to the rising amount of points where cryptocurrency payments are an option. This trend is especially noticeable in the United States, where even now many consumers take advantage of digital currency payments. Speed and simplicity of such transactions guarantee an entirely new experience for cryptocurrency users.
More: http://dowbit.com/more-attempts-to-bring-e-commerce-to-unbanked-sector/

You can find more information at http://dowbit.com/

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Cryptocurrency news – September 15

1. ViaBTC will close operations on September 30th

2. Fujitsu and JBA are testing blockchain in banking

3. How to avoid scam ICOs – part 2

1. After yesterday’s announcement of BTCC, today ViaBTC announced that they will be closing all their operations in Mainland China on 30th of September. ViaBTC, BTCChina and Binance are not the only exchanges affected. OKCoin has just announced that it will delist BTC and LTC futures. More: More: http://dowbit.com/viabtc-will-close-operations-on-30th-of-september/

2. Fujitsu, the biggest Japanese hardware, and IT services company is undertaking a partnership with the Japanese Banking Association (JBA). The purpose of that cooperation testing the viability of conducting financial services on the blockchain platform. Alongside with the new project, Fujitsu will provide a blockchain platform, built on the open source codebase Hyperledger Fabric.
More: http://dowbit.com/fujitsu-together-with-jba-are-testing-blockchain-in-banking-systems/

3. Sometimes the desperate efforts of the founders to legitimize the scam project lead to almost comical results. DeClouds proposed to buy precious metals with the funds attracted through ICO. They claimed to have a partnership with UBS Bank, where these metals would be stored. When doubts arose, in an effort to prove the partnership, the scammer used photoshopped pictures of its founder giving a presentation to bank employees.
More: http://dowbit.com/how-to-avoid-scam-ico-2/

You can find more information at http://dowbit.com/

See you on Monday!

Cryptocurrency news – September 14

1. BTCChina exchange will stop all trading

2. John McAfee responded to Jamie Dymon’s arguments

3. India will have its own cryptocurrency

4. British FCA advises cation with regard to ICOs

1. One of the most popular Chinese exchanges – BTCChina Exchange announced that it will stop all trading on September 30. The decision was caused by latest Chinese regulations which also banned ICOs. BTCC is also not the first exchange affected by recent regulatory actions – Binance announced earlier that it will drop out of China.
More: http://dowbit.com/btcchina-exchange-will-stop-all-trading/

2. John McAfee, a controversial millionaire and creator of one of the most popular anti-virus systems, decided to respond to JPMorgan’s president calling Bitcoin a fraud. John states that Bitcoin is consistently growing and being used to an increasing extent, giving it real value. It is perfectly normal that sometimes the price rises and sometimes it decreases. This applies to virtually all new technologies. “It is certainly not a fraud”adds McAfee.
More: http://dowbit.com/john-mcafee-responded-to-jamie-dymons-arguments/

3. The Central Bank of India is considering a cryptocurrency as an alternative to the Indian Rupee. The executive director, Sudarshan Sen, voiced his fears of unregulated cryptocurrencies, like Bitcoin during the India FinTech Day conference. Even though Sen hinted at the possible blockchainization of the rupee, there are no official statements from the RBI confirming this information, as a long term strategy.
More: http://dowbit.com/india-will-have-its-own-cryptocurrency/

4. British Financial Conduct Authority (FCA) released new guidelines regarding ICOs, urging to be aware of the dangers. In one of the more reserved statements about the phenomenon of rising investments, FCA restrained themselves from any suggestions that certain systems might have legal issues. Avoiding collective laws regarding tokens, FCA follows the principle of U.S. Securities and Exchange Commission (SEC), which aims to consider every ICO scheme separately.
More: http://dowbit.com/british-fca-advises-caution-with-regard-to-icos/

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Cryptocurrency news – September 13

1. North Korea responsible for attacks on exchanges?

2. JPMorgan CEO says Bitcoin is a fraud

3. Rootstock launch this year

4. Bitfinex – problems with hundreds of login notifications

1. North Korea has been mentioned more than once as a potential source of large hacker attacks. Cybercriminals are supposed to operate there with the consent or even state support. According to a FireEye report, recent phishing attacks on the South Korean cryptocurrency exchanges may come from North Korea.
More: http://dowbit.com/north-korea-responsible-attacks/

2. Jamie Dimon, President of JPMorgan Chase, at a conference organized by CNBC on Tuesday, said that Bitcoin, as well as the entire cryptocurrency market, is one big fraud. According to Dimon, this is only a matter of time when governments are going to start regulating cryptocurrencies. Governments are primarily money creators. Bitcoin is currently treated only as a technological innovation.
More: http://dowbit.com/jpmorgan-ceo-says-bitcoin-is-a-fraud/

3. Last Monday, a special edition of Warsaw Block was held by Coinfirm. Ruben Altman (COO of Rootstock) has introduced the Rootstock project (RSK) and its plans for the future. Rootstock is a platform for building and enforcing smart contracts. At first glance, the idea is close to Ethereum, but RSK operates on Bitcoin’s blockchain.
More: http://dowbit.com/rootstock-launch-this-year-says-coo/

4. It would seem that Bitfinex exchange users are experiencing an interesting bug. Reports suggest hundreds of login notifications flooding their emails. So far, Bitfinex hasn’t addressed this issue.
More: http://dowbit.com/bitfinex-problems/

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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…/

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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…/

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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/

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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/

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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/

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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/

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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/

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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…/


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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/

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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…/

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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

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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

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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

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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

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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

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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.

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

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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.

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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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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

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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!

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

Hey, Great initiative you have going here Dowbit.

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!