Tag Archives: Cryptocurrency

Apple Co-Founder Steve Wozniak Bought Bitcoin at $700, He’s “Way Up” Now

Apple Co-Founder Steve Wozniak Bought Bitcoin at $700, He’s “Way Up” Now

    

Apple co-founder Steve Wozniak has spoken about his early interest in bitcoin

and an attempt to buy the world’s most prominent cryptocurrency back when it was trading at $70 per coin. He eventually bought it at $700. Speaking on stage at a tech conference in Miami, Apple co-founder Steve Wozniak underlined bitcoin’s importance in bringing FinTech’s poster child, blockchain technology, to the mainstream. The tech mogul was asked by a member of the audience about the ‘meteoric rise of cryptocurrencies’ & blockchain technology and their collective potential for transformative change in society.

To this, Wozniak pointed blockchain technology’s core features in security and traceability, underlining them as factors behind every corner of the global banking industry looking into the decentralized innovation. “Bitcoin is the well-known cybercurrency that really bought all of this to our attention,” Wozniak said, in his response that was just as much about educating the audience as it was him praising the technology. Wozniak then spoke about how he tried to acquire bitcoin years ago when the now-soaring cryptocurrency was trading at $70 per coin. Not as an investor, but as an adopter who was looking to own and “play” with it.

He revealed:

I remember getting interested in bitcoin some time ago. It was $70 for a bitcoin. Man, I went online and you had to have a special bank account at a certain bank and I couldn’t buy any bitcoin so I gave up. Eventually I got some of them at the $700 stage and then it went down to $350. Oh my gosh. I didn’t invest, I did it so I could play with bitcoin. How do you buy things and how could you sell things?

He then spoke about looking at websites that would accept bitcoin for payments and mentioned Tiger, presumably Tigerdirect. Since those early days, bitcoin has since come a long way with the likes of Microsoft, Dell, Newegg, Overstock and Rakuten, among a handful of many, to accept the cryptocurrency.

Bitten by the Bitcoin Bug

Long retired from his day job, Wozniak is now a philanthropist and an investor. As an early bitcoiner, he also spoke about looking for establishments – hotels and restaurants – who accepted bitcoin during his travels. “Then I found out when I travel, you could look ahead to a city and find out which hotels, which restaurants accept bitcoin,” he continued, stating that bitcoin is “getting there” as a method of payment. “It’s becoming…it’s getting there…it’s just not there enough to everything you’re used to [buying and selling],” he opined. “It’s getting there.” When reminded that bitcoin is now trading at $3,000, four times the value of when he bought the cryptocurrency,

he said:

I was just playing around to find out how to buy and sell stuff and I didn’t care about the fact that I’d lost a ton of money [when it went down, but he held on] and now I’m way up . *Chuckle*

Bitcoin checked into 2017 by trading at $1,000 on the first day of the year. Six months later this Sunday, the cryptocurrency had tripled to $3,000 to reach a new all-time high. At the time of publishing, bitcoin is trading at around $2,730 on Bitstamp.

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about -Bitcoin.

MIT Graduate-led Startup Enigma Unveils Cryptocurrency Investment Platform

MIT Graduate-led Startup Enigma Unveils Cryptocurrency Investment Platform

     California-based blockchain startup Enigma has announced the creation

of a cryptocurrencyinvestment platform that allows developers to start their own digital asset investment funds based on trading strategies that they create themselves. The platform, named Catalyst, enables developers to create investment funds where they have full control of how their digital assets are handled. Developers are free to incorporate whatever variable they see fit into the algorithms that govern their fund.

The platform is the brainchild of Silicon Valley startup Enigma that is led by Massachusetts Institute of Technology (MIT) graduates. The Enigma team has previously created a different platform that aimed to give users control over their data, who has access to it and, ultimately the ability to sell the data at a profit while retaining their anonymity. Now, the Guy Zyskind-led team has set its sights on cryptocurrency trading. “A lot of people are starting to look into it, and invest in it, but it’s still very much kind of like the Wild West,” says Enigma CEO, Guy Zyskind of the cryptocurrency market. This is the reasoning behind the creation of Catalyst, which seeks to open up and demystify the cryptocurrency market to developers and investors alike.

“We are passionate about the role of cryptocurrencies in defining personal financial freedom. We want to play our part in driving their mainstream adoption. Our vision is to enable developers to build winning investment strategies, a strong track record and attract investment from community investors,” Enigma explained in their announcement. The team defines Catalyst as “a platform that empowers anyone to build their own crypto hedge fund and participate in the coming Renaissance of the financial ecosystem. Catalyst is a playground where developers, quants, and experienced traders can easily build, simulate, and eventually live trade cryptocurrencies using sophisticated programmatic strategies.”

How It Works

“To begin trading, users open payment channels with a chosen liquidity provider, in the currencies they wish to trade. Orders are then submitted to the liquidity provider that a trader chooses, and matched with an online counterparty. Finally, the assets are exchanged atomically by executing a single, cross-chain payment, routed through the liquidity provider,” the Catalyst white paper explains. The platform is designed to ensure that the investors maintain full control and ownership of their assets at all times. The platform also allows for the details of the trading

Algorithms to be kept private:

“The core of Catalyst’s architecture provides a method of performing cross-chain atomic swaps using hashed timelock contracts (HTLCs), operating under the direction of an algorithmic trade manager. This ensures that traders can maintain custody of their assets and privacy of their trading algorithms.”

The team plans to open source their infrastructure which they hope will further enhance and grow both the market and their platform. “We believe an ecosystem of multiple exchanges will further enhance the reliability of the trading infrastructure and liquidity of the underlying payment networks, while simultaneously providing an avenue for scaling beyond the throughput of a single exchange.”

Further to its vision of opening up and growing the cryptocurrency investment market, the Catalyst platform will be able to handle live trading of Initial Coin Offerings (ICO’s). “One of Catalyst‘s long-term goals is support live-trading of ICO tokens. These tokens are typically managed via an Ethereum smart contract, thus, our implementation plans to be fully compatible with the proposed Raiden Network, which enables off-chain transfers of value between Ethereum smart contracts.” or investment strategies that are able to generate high returns, the team recognizes that developers must have access to all pertinent data and addresses this through the creation of a data bank of sorts within the platform which they believe will make

The process easier:

“Developers will be able to access a large variety of data sources specifically around crypto-assets. These include price data, sentiment data, social networking data, and more. While we plan to curate the initial data sets, it is likely that most data will be generated by the community in return for incentives. Developers can utilize the myriad of data sources that will be made available through our platform to build their models, back-test them according to historical data, as well as put their strategies to the test in a simulated or real trading environment.”

Enigma hopes the platform will be attractive to developers who are interested in creating algorithms for the cryptocurrency market since they do not have to put up the initial capital themselves. “Beyond making development of crypto-trading strategies easy, our goal is to create a marketplace for trading strategies that non-developers can invest in. In this way, developers are not required to obtain capital to fund their algorithms personally. Instead, they can focus on becoming the best algo-traders they can be, while earning management and performance fees from investors that choose to invest in their strategies.”

Though the platform will initially only be available to developers with coding experience, there are plans to incorporate certain tools to allow “regular” people to create their own strategies. “In order to further lower barriers to invest in and increase adoption of crypto-assets, we will offer tools that enables individuals with no coding experience to build, test and master algorithmic trading strategies. This interface would be similar to the visual programming languages, like Scratch developed at MIT, and would provide full-functionality of the Trading SDK and connect to all existing data sources.”

To allow investors to put money into the fund with the best performance, there will be a  “web-based leaderboard ranking of all strategies deployed by developers. These will include standard return and risk metrics, such as ROI, Sharpe ratio, alpha and beta and max drawdown.” The investors have the choice to put their money in the well-performing funds, at a management fee to the fund developers, as is the practice in traditional investment funds.

Catalyst hopes to help both experienced investors and newcomers make smart cryptocurrency trading choices. “This kind of marketplace can benefit both the investors, who now have access to algorithmic trading, as well as the developers, who may lack the capital to fund their strategies personally. To the best of our knowledge, our platform will be the first to make machine-based investing accessible. Regular investors can then invest directly in winning strategies through our system.” “From a vision perspective, we would like to be able to enable the average Joes to be able to invest in these technologies as well,” added Can Kisagun, Chief Product Officer at Enigma.

Why Digital Assets Funds Are Poised to Succeed

With the steep rise in demand for both altcoins and newly issued ICO tokens, a platform such as Catalyst will likely draw investor attention once it goes live.

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about
-Bitcoin.

 

Digital Currency Enthusiasts Expect Ethereum to Become Larger than Bitcoin

Digital Currency Enthusiasts Expect Ethereum to Become Larger than Bitcoin

    

Ethereum is closing in on Bitcoin in terms of market capitalization,
 
trading volume and Google Trends. In terms of other key indicators, Ethereum has already surpassed Bitcoin. This has been a longtime coming not only for Ethereum supporters, but, also, for Bitcoiners who have worried about the digital currency’s scaling issues.These flips in key indicators between the two largest cryptographic assets are tracked by a website, Flippening.watch. In the past 24 hours (at the time of writing), there have been 235,604 Ethereum transactions. But, despite wild success as a ‘peer-to-peer electronic cash’ system, there have been only 216,887 Bitcoin transactions. Ethereum’s transaction capabilities have not even been its main feature advertised by proponents. That would be its smart contract and decentralized application functions.

But, ‘the Flippening’ doesn’t stop there. Miners of ether, Ethereum’s native digital token, are enjoying more mining rewards than their bitcoin counterparts. In the last 24 hours, $9,396,000 has been rewarded to ether miners. But, just 5,302,800 has been rewarded to bitcoin miners. Moreover, there are more nodes (30,070) than Bitcoin mining nodes (7,552) as of June 11. Bitcoin’s market capitalization is still larger than Ethereum, which is 66.7% of the former’s. There are more Bitcoin’s being traded than ether, but as ShapeShift announced last week, volume of Bitcoin going into Ethereum was causing slight delays on that platform.

itcoin, despite being at an all-time high, has seen its overall share acrpss the crypto-assets complex shrink in recent months, with Ethereum closing a lot of the gap between the two while trading at all-time highs. Bitcoin has seen its growth stagnate in recent years as discussion about future development has grown heated and created rivalries within the Bitcoin creation community. Ethereum, enjoying the support of large multinational corporations and financial institutions via blockchain consortiums, can today process data faster than Bitcoin. This enables higher volume of lightweight finance pouring through the system and at less expensive rates. Currently, the average Bitcoin transaction costs about $1.50.

While Ethereum theoretically can handle lightweight finance transaction a la Bitcoin, it is proposed and designed to do much more. Smart contracts are meant to fuel decentralized applications known as dApps. Ethereum pledges smart contract and dApp technology will distribute business and legal transactions normally facilitated by banks, public registries and the legal system. Intel, Microsoft and Samsung are experimenting with Ethereum. Meanwhile, large corporations that once accepted Bitcoin on their website, have rescinded acceptance. Bitcoin’s dominance rate might be falling as its utility is falling when compared to other blockchain projects. Further, infighting within its creation community is a source for uncertainty.

While Ethereum is not a bitcoin competitor, the value of Ether is increasing as more people join the Ethereum community at a faster clip than those forming around Bitcoin. Ethereum, which is currently approaching a $30 billion network value, is swiftly closing the gap on Bitcoin’s $50 billion market cap. Assuming things stay on track, Ethereum could surpass Bitcoin’s market capitalization by the year’s end. Although Ethereum proponents will see this as a victory, and some Bitcoin proponents will see this as a failure, the reality is both systems have been very successful.

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about
-Bitcoin.

 

Oil Giant BP to Test Blockchain Technology With BTL Group

Oil Giant BP to Test Blockchain Technology With BTL Group

Oil giant BP, the world’s eighth-largest energy company by revenue

($222.8 billion), has officially begun collaborating with Canadian blockchain startup BTL Group. After a few months of successful testing, BP, Italian oil and gas company Eni, and major German energy company Wien Energie all plan to enter a six-month production phase with BTL’s Interbit platform built on top of the blockchain. The three companies will utilize the BTL blockchain platform to trade gas and oil in a transparent and secure ledger.

Before the three companies move on to commercialize BTL’s blockchain technology Interbit, blockchain developers and the group of leading energy companies aim to simulate real-life trades at a commercial rate. Trades of billions of dollars worth of gas and oil will be processed on the Interbit blockchain platform in a simulation to evaluate if the blockchain technology is capable of settling millions of data points in short periods of time with enhanced and optimal security measures. Guy Halford-Thompson, the co-founder and CEO of BTL Group, who introduced one of the first bitcoin ATMs to the UK in 2013,

said:

“Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market.”

The BTL Group is the first public blockchain company located in Canada and the UK that is focusing on the development and implementation of blockchain technology targeted towards the finance, energy and gaming sectors. Because a large number of blockchain companies and consortia are already working with leading financial institutions and banks in utilizing the blockchain to reduce transaction costs and overall expenses, developers of BTL are specifically targeting semi-financial markets.

According to Halford-Thompson, the three oil giants are also considering implementing the blockchain in other areas and operations. Relying on the decentralized and transparent nature of blockchain technology, BTL and the group of energy companies are analyzing the blockchain’s potential in reducing costs of alternative operations. For instance, on top of the conventional structure of the blockchain, various technologies such as smart contracts can be utilized to carry out or conduct agreements autonomously. With the utilization of smart contracts as demonstrated by many public blockchain projects such as Ethereum, companies like BP can automate operations that require a high level of manual work. “We are also very excited that the pilot has enabled participating companies to understand the benefits of Interbit better and identify other areas in their organizations where they can apply it,” said Halford-Thompson.

In an interview, EY partner Andrew Woosey also emphasized the importance of the pilot test of BTL’s Interbit blockchain platform led by BP. Over the past two years, the “Big Four” accounting firms including EY, PwC, Deloitte, and KPMG have been heavily involved in the blockchain sector by helping large conglomerates such as BP understand the intricacies of blockchain technology and implement it efficiently. Woosey also stated that that the group of energy companies is focusing on streamlining back office processes autonomously, ultimately to reduce risk and build resilience toward cyber threats.

“Use of such technology can help by streamlining back office processes, leading to reduced risk, better protection against cyber threats and ultimately significant cost savings. Further engineering and organizational effort are needed to achieve these outcomes,” said Woosey. Currently, a large number of energy companies are looking into the blockchain to optimize operations and reduce costs. In an interview, Ethereum co-founder Vitalik Buterin revealed that the $92 billion mining, metals, and petroleum corporation BHP Billiton is participating in the Enterprise Ethereum Alliance to develop decentralized applications based on Ethereum.

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about
-Bitcoin.

 

IOTA Token has Record Breaking Launch on Bitfinex, Hits $1.5 Billion Market Cap

IOTA Token has Record Breaking Launch on Bitfinex, Hits $1.5 Billion Market Cap

    

Cryptocurrency exchange Bitfinex officially launched the IOTA token

At 9:00 am Eastern Standard Time, cryptocurrency exchange Bitfinex officially launched the IOTA token, IOT. Tradable in IOT/USD and IOT/BTC pairs, tokens for use with the IOTA network are now publicly accessible through the Bitfinex website. This launch represents a milestone for IOTA as they expand their user base. “Exchange listing is something that has become a hallmark for all crypto projects,” says IOTA founder David Sønstebø in conversation with CCN, “it represents that the technology is ready for the open market and the wider audience.” And looking at the numbers from the launch, it seems the open market was ready for IOTA.

Consumer Anticipation

After Bitfinex’s announcement on June 4, 2017, regarding the listing of IOT, user demand became readily apparent. The staff at Bitfinex found themselves ‘inundated with requests for details,” explained Bitfinex representative Brandon Carps, “We’ve yet to see this many requests for details on a token listing.” These inquiries lead to an unprecedented amount of support tickets created for Bitfinex.

By the Numbers

After going live on Bitfinex, the transaction volume quickly became so massive that the Bitfinex servers briefly went down. “Moments after the IOTA launch,” Brandon shared,  “we were all hands on deck to load balance and ensure IOTA trading was back online and operating as expected.” What kind of volume? Within the first three hours of trading, 4.44 Million Mega IOTA were traded with the IOT/USD pair, an amount that increased by the second. The IOT/BTC trades showed even greater activity, showing 11.67 Million Mega IOTA traded in

The same period.

The first two hours of IOTA trading was more than double the USD volume and ten times greater than the BTC volume of the last token we released, Ripple, over the course of its full trading day.

All of which sees IOT slotting itself straight into the top 10 cryptocurrencies by market cap. At the time of publishing, the total value of IOT tokens stands above $1.5 billion, peaking beyond the likes of Dash and Monero.

Bitfinex Lists IOT

The team at Bitfinex have been following IOTA’s development closely for the past year. Thanks to the innovative nature of their platform, and the “amount of effort the founders have put into IOTA in just a year’s time relative to the polished product we see today is atypical for something in such an early period of its life,” the IOTA token was an obvious candidate for inclusion on Bitfinex. The relationship is unique for Bitfinex as well, as this is the first token Bitfinex is hosting not listed on any other exchange. In discussing the success of IOT on Bitfinex, David said “I want to congratulate every IOTA member on this success. Now we welcome thousands upon thousands of new people who learn about and get interested in IOTA through this event with open arms. However, we are still considering this the very early days, and are squarely focused on the long term execution and vision of the IOTA project.”

Chuck Reynolds


Marketing Dept Contributor
Please click either Link to Learn more about
-Bitcoin.

 

Cryptocoin and Blockchain Article Roundup – Feb 21, 2017

Cryptocoin and Blockchain Article Roundup – Feb 21, 2017

Here's an article that ties one idea, the DAO (Decentralized Autonomous Organization) in with the more recently popular topic of Blockchain. It really does make sense. The idea of the autonomous business entity won't die. Read some of the latest discussion about it in this article:

Rebranding The DAO: The Contentious Blockchain Concept is Back

Monero, the fifth largest digital currency by market capitalization, still struggles to build a 'white hat' reputation simply because of its advanced privacy feature which hi-brows think attracts 'the wrong crowd'. Read the latest discussion on the issue here:

Drugs, Code and ICOs: Monero's Long Road to Blockchain Respect

Oh goody-goody. California lawmakers want to protect charity raffles from the evils of bitcoin. It's a good thing they're not wasting time repairing dams. Read about it here:

California Lawmakers Consider Barring Bitcoin from Charity Raffles

New algorithm promises to make slow the trend toward centralization of Z-cash miners, thus democratizing the process. Read about it here:

How the Equihash Algorithm Could Democratize Zcash Mining

British Parliamentarians will discuss (or is it "debate"?) key issues about the status of bitcoin, digital currency, and the blockchain as it relates to money creation in English society. The UK government generally is pro-bitcoin but the banking establishment has been rather reticent to embrace it. Read about it here:

Money creation may well be the biggest economic issue of our times.

Could blockchain-related opportunities in one industry result in a talent and brain-drain from one industry to another? Probably not to any significant degree because the technology is creating opportunity almost everywhere. But it is creating some notable movement of some high achievers. Read one such example here:

Blockchain Capital Lures Bitcoin Analyst Away from Wall Street Firm

Well Buckaroos…that's our Cryptocurrency & Blockchain Article 6 Pack for today. Thanks for dropping by. You're also invited to join us over on Markethive where you'll find a vibrant digital community on online entrepreneurs. Our community if free to join and if you're promoting a business, brand, service, or cause online…Markethive has a great blogging system that will give you massive 'Reach'.

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Cryptocurrency and Blockchain News Roundup, Feb-17-17

Cryptocurrency & Blockchain News Roundup – Feb. 17, 2017

 

 
It's nice to get away from the promotional aspects of the cryptocurrency movement, step back, and take an objective looks. Here are three such views.
 
The Truth About Bitcoin----------------------------------------------------
Stefan Molyneux looks at the rise of Bitcoin and discusses its history, mining, fees, altcoins, regulatory hypocrisy, worldwide awareness, comparisons to gold, anonymous transactions,…
Bitcoin: What You're Not Being Told----------------------------------------------------
Bitcoin has a fatal design flaw that almost no one is talking about. The current bubble is just the tip of the iceberg. Script and sources:…
The Hidden Dangers of Bitcoin-------------------------------------------------
Bitcoin is a revolutionary decentralized architecture which can be used for an untold number of incredibly valuable services – including the transfer of financial value. As Bitcoin adoption…
 
The vast majority of people still know little or nothing about cryptocurrency (which includes bitcoin) but those that do know something about it often hear that it's possible to make money by trading it in the same manner as people who trace any other commodity… as if pulling money out of the sky. Here are three videos that explain how it is possible to make money trading cryptocurrency but it's also possible to lose your all your money.  
 
How I Started Trading Bitcoin & Altcoins - Was it Worth it?

How I Started Trading Bitcoin & Altcoins – Was it Worth it?

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Hey guys! Thanks for stopping by. I go into how began trading bitcoin & some of the opportunities I missed prior to the bitcoin bubble. Hope you enjoy – and as always – thanks for watching!
How to trade Bitcoin & Altcoins - Beginner Level

How to trade Bitcoin & Altcoins – Beginner Level

—————————————

Hey guys! Thanks for stopping by. In this video I go directly into how to make altcoin/bitcoin trades on Bittrex exchange. This video is designed for beginners only. I'm always encouraging…
Can You Make A Minimum Wage Trading Bitcoin?---------------------------------------------------
LAST WEEKS VIDEO: ► https://www.youtube.com/watch?v=pJcG_0vHC1Y Making a minimum wage trading bitcoin and altcoins isnt simple. SUBSCRIBE TO BTCKYLE (It's Free guys)…
 
It's almost impossible to deal in cryptocurrency without using an 'exchange'. The process is not extremely difficult but there are some 'hoops' to jump through. Here's a video that lays out the basic process. 
 
How to Use a Cryptocurrency Exchange
How can you trade one cryptocurrency — like Bitcoin — for any other? It's not actually hard, and it's even a little (or a lot!) of fun. Whether you're looking to dabble, or you're…
 
Some people will find it encouraging that the UN is saying nice things about bitcoin.---------------------------------------------------------------The UN needs Blockchain to achieve its goals
I recently traveled to Davos, Switzerland for the World Economic Forum, and was surprised to find blockchain on the minds of many of the leaders convened there. Even those who were not…
The dust has not settled on the ways that cryptocurrency will be related by the government...but it surely will.-------------------------------------------------------------The devil is in the detail: SEC regulation of blockchain...
Blockchain technology has captured the imagination of the financial services industry. Unfortunately, the adoption of the technology is impaired by a lack of clarity from regulators,…
 
It's possible that cryptocurrency may, directly or indirectly, bring more democracy to China. At the same time, the Indian government has not been acting very hospitable toward bitcoin but nevertheless at lest this one venture capitalist is putting a lot of his money into developing the potentially huge Indian cryptocurrency market.
 
Chinese Bitcoin Exchange BTCC Stops Withdrawals for a Month -...---------------------------------------------------------------------------------
Major Chinese exchange BTCChina has announced the suspension of bitcoin and litecoin withdrawals. In effect, all of China's 'big 3' bitcoin exchanges have now enforced a month-long…
Bitcoin VC Investor Tim Draper Re-Enters Indian Market...

Bitcoin VC Investor Tim Draper Re-Enters Indian Market…

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Prominent venture capitalist and prolific tech and bitcoin industry investor Tim Draper is making a return to the Indian market for early stage investing in startups in one of the world's…
Aeady, bitcoin and cryptocurrency has a lot of people thinking. It will, undoubtedly, continue to evolve it is already making a lot of people some money (as an investment) and appears to have some social benefits.
 
Investment Analyst Pegs Bitcoin Price to Hit $3,678 If SEC...----------------------------------------------------
Emerita Capital, a provider of quantitative analysis for investment assets, believes bitcoin price could hit $3,678 if the Securities and Exchange Commission (SEC) approves the Winklevoss…
How Blockchain Will Evolve In 2017---------------------------------------------------
In the past, blockchain — which is known as a distributed ledger technology for both financial and non-financial transactions — seemed like a mysterious concept that only technologists…
How the blockchain is helping stop the spread of conflict...---------------------------------------------------
Subscribe to WIRED A diamond's past is rarely crystal clear. Knowing a stone's origin can stop fencing and insurance frauds and winnow out synthetic diamonds or those sourced in war…
 
Asia is where the most activity with bitcoin and cryptocurrency is right now...especially in its mobile aspects.---------------------------------------------------------------Op-Ed: Why Blockchain and Asia are a perfect match
Sending money around the world is slow, expensive and sometimes even unreliable. I have lived out of India, my home country, for more than three decades. Like many expatriates, I…
If bitcoin is to serve the consumer, it will be in popular bitcoin and cryptocurrency apps like these popular ones.--------------------------------------------------------------
If you are a bitcoin enthusiast, there are a few bitcoin apps you need to know about, as they might come in handy. Whether you want to earn a few free satoshis playing games in your free…
 
The confusion, and debate, continues on the future of altcoins.----------------------------------------------Why altcoins are dying and how to make one in under an hour
When we refer to altcoins we mean alternative cryptocurrencies. Most of these altcoins (99%), utilize the blockchain and are a mere fork of the bitcoin code in one form or another. You do…
Yes, speculators love doing it. Especially when famous entrepreneurs are 'in the play'.----------------------------------------------Bitcoin Price Jumps 6% as Bitcoin ETF Decision Nears
The Bitcoin Exchange Trading Fund application filed by the Winkelvoss twins is nearing its decision date next month on March 11th. As traders are eagerly awaiting the SEC's decision on…
There actually is no real Santa Claus. That's OK, but there are misconceptions about bitcoin too.---------------------------------------------5 Common Misconceptions About Bitcoin
Satoshi Nakamoto's creation is often seen as something it is not, as there are a lot of misconceptions that simply don't want to go away. Sometimes, because some want to smear bitcoin,…
 
 
Researchers Claim New System Makes Bitcoin Transactions Harder...----------------------------------------------------
Researchers from North Carolina State University, Boston University, and George Mason University in the U.S. have created a new system that makes it harder to detect bitcoin transactions….
Canada's SecureKey to Build a Blockchain Digital Identity...---------------------------------------------------
Leading identity and authentication provider SecureKey and a Canadian non-profit coalition have been granted funding from a research center within the U.S. Department of Homeland Security…
Germany's Largest Financial Platform Lists Bitcoin as Major...---------------------------------------------------
Finanzen.net, Germany's most popular and largest financial news network and platform, is listing bitcoin amongst other major reserve currencies such as US Dollar, Japanese Yen and Chinese…
 
 
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Cryptocurrency and Blockchain News Roundup – Feb.02, 2017

 

Cryptocurrency and Blockchain News Roundup Feb. 02, 2017

 
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Billionaire investor sold off investments in , and Mr. Soros, who…
The time will come when you won't be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down…
 
An Arizona legislator wants to amend state law to account for blockchain signatures and smart contracts, public records show. HB 2417, introduced on 6th February, would make a signature…
"When I looked at the dating industry, I saw it was expensive to reach a critical mass of users and open a niche dating site," says Yonatan Ben Shimon in a Skype call from Tel Aviv….
Microsoft (Thailand) has said that 2017 will see five digital technology trends – that includes blockchain tech – driving the country's digital transformation, pushing organization's…
 
Merely weeks after cautioning residents that bitcoin companies weren't authorized or licensed to operate in the country, India's central bank is reportedly not including bitcoin under the…
Banks in the United Kingdom are turning a deaf ear to bitcoin exchanges, despite the government's pro-blockchain position, according to financial writer Roger Aitken, writing in Forbes….
 
 
Thailand's largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from…
 
After nearly two years of experimenting with blockchain, the National Settlement Depository (NSD), Russia's central securities depository, believes it now knows what incumbents must do to…
 
Thanks very much for reading our news roundup. If you're a writer and would like a great platform for getting your content (attributed properly of course!) in front of lots of readers, please join us in Markethive.
 
 
Art Williams
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email: xpatflipper@gmail.com
 
 
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Cryptocurrency Reputation Alert

Cryptocurrency Reputation Alert

I realize that a tool is only as good or bad as the saint or criminal who uses it but the following article makes a good point: When too many of the wrong kind of characters start using something, it sooner than later leads to guilt by association.

The following article points out the dangers to the reputation of bitcoin, and cryptocurrencies in general, from the fact that there are so many gambling sites that use it. I don't gamble but I'm not anti-gambling. Nevertheless, for such a young and (in some ways) vulnerable technology, I think everybody would be wise.

Undoubtedly there are/will be some trickle-down advantages from the exponentially accelerating amount of bitcoin that is flowing into online gambling.

But when you combine the potentially shady and societally disruptive side of cryptocurrency gambling with the equally scary explosion of shady crypto-oriented MLMs popping up all over the place, it's not good for anybody…. except the crooks.

Just like aren't as easy to figure out as most people think they are….neither is something as new and complex as cryptocurrency.

Proceed with utmost caution. We must police ourselves. 

Here's the article I'm referring to (which came, btw, from www.themerkle.com).

Will Bitcoin’s Reputation Suffer due to Online Gambling?

 

Art Williams
Freelance Copywriter
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Do a Vanishing Act With Cryptocurrency

Do A "Vanishing Act" With Cryptocurrency

Maybe not 100% of the people interesting in cryptocurrency are primarily interested in its anonymity feature but a lot of them sure are.

In this video, the founder of HowToVanish.com, (his name might be "Lohengrin" but that sounds rather operatic to me) points out the danger of our data being manipulated, in the course of typical internet commerce and activity,  without our knowledge, against our will, and possibly even to our detriment.

Toward the end of the video, he recommends making all purchases possible with bitcoin (or another cryptocurrency).

I totally agree with him. I'm so sick and tired of seeing and reading about big business and governments treating normal people like databytes.