Bitcoin Cash Futures, Venture Funds, and Lawsuits: This Week in Crypto

Bitcoin Cash Futures, Venture Funds, and Lawsuits: This Week in Crypto
Source: Dailysatoshi.com

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, Youtube or wherever you get your podcasts. Price Watch: Bitcoin is up 0.82% to The post Bitcoin Cash Futures, Venture Funds, and Lawsuits: This Week in Crypto appeared first on CCN The post Bitcoin Cash Futures, Venture Funds, and Lawsuits: This Week in Crypto appeared first on Your Daily Satoshi.

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Cryptocurrency Mining Still Available on Google Play Store Despite Recent Ban

Cryptocurrency Mining Still Available on Google Play Store Despite Recent Ban
Source: Livebitcoinnews.com

Despite the recent ban on cryptocurrency mining apps by Google on its Play Store, there are still reports of such apps available for download on the platform. Mining Apps Still Available for Download In July, Google released an updated policy document within which contained its decision to ban cryptocurrency mining apps from the Play Store. The move came shortly after Apple made a similar decision. At the time, Google made it clear that they wouldn’t allow mobile apps that mine virtual currencies but they would permit the one that manages cloud crypto mining activities. However, despite this ban, an investigation carried out by The Next Web (TNW) revealed that there were still a few such apps on the Play Store. According to TNW, one such app, JSEcoin, developed by a British startup was able to publish its mining app on…

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Bitcoin and Other Cryptocurrency Fraud on the Rise in Britain

Bitcoin and Other Cryptocurrency Fraud on the Rise in Britain
Source: Btcmanager.com

According to the Financial Conduct Authority (FCA), a British watchdog, cryptocurrency fraud is on the rise in Britain according to Reuters report on August 17, 2018. The fraudsters lure their victims with promises of instant wealth through their “investment packages.” Two and a Half Million Dollars Lost to Fraud A report released by the watchdog reveals that victims of fraud… The post Bitcoin and Other Cryptocurrency Fraud on the Rise in Britain appeared first on BTCMANAGER.

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Decentralized Crypto Exchange AirSwap Launches OTC Market to ‘Unlock New World of Liquidity’

Decentralized Crypto Exchange AirSwap Launches OTC Market to ‘Unlock New World of Liquidity’
Source: Dailysatoshi.com

Decentralized exchange AirSwap is launching the framework for over-the-counter (OTC) trading product for mainnet rollout. In an update posted on its website, AirSwap said the new product would be available “exclusively to a private beta group.” Founded in 2017, AirSwap became known for offering frictionless peer-to-peer trades for ERC20 tokens to a group of primarily The post Decentralized Crypto Exchange AirSwap Launches OTC Market to ‘Unlock New World of Liquidity’ appeared first on CCN The post Decentralized Crypto Exchange AirSwap Launches OTC Market to ‘Unlock New World of Liquidity’ appeared first on Your Daily Satoshi.

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Aluminum factories make great cryptocurrency mining farms

Source: Crypto-news.net

Alcoa, the company that invented aluminum smelting back in 1888 observes once again how one of their old operation sites is being overtaken by a bitcoin / cryptocurrency mining farm operation. Back in June, a company called CoinMint announced that it will invest $700 million in the New York economy in order to take over an old Alcoa plant and build a mining farm. This time around it is Bitmain, the global cryptocurrency mining leader is the one that is taking the step forward by committing to a $500 million investment. Located in Rockdale, Texas, this mining operation is going to bolster the local, county, and state economy over the course of the next 7 years. It seems that former Alcoa locations really do make a great selection for establishing mining farms. It is great to see the versatility of companies…

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Cryptocurrency Miners Ignore the Bitcoin Price Fall, Focus on Expansion Instead

Cryptocurrency Miners Ignore the Bitcoin Price Fall, Focus on Expansion Instead
Source: Bitcoinist.com

The recent decline in cryptocurrency prices has cast a shadow on several aspects of the digital currencies space. However, one area where this bearish outlook has not extended to is cryptocurrency mining.  The Hash Factor is an Indicator According to a report from Bloomberg, bitcoin mining has remained profitable for some miners who have improved their investments and efficiencies in the space — even against the continued bitcoin price drops. One of the indicators of this has been the increased hashrate, which is the computing ability for mining bitcoin measured on the Bitcoin network. The increased hashrate corresponds with additional investments made by miners into computing power. At the start of August 2018, Bitcoinist reported that the Bitcoin network’s hashrate had recorded an all-time high of 52 quintillion hashes per second. This ties in with a hashrate growth that started…

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90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB

90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB
Source: Dailysatoshi.com

At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB. “Just one of the interesting things @cz_binance told me this week at LCX event: 90% of binance employees choose to receive their salary in BNB tokens. Smart people,” The post 90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB appeared first on CCN The post 90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB appeared first on Your Daily Satoshi.

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Testing the Newly Transformed Non-Custodial Coinbase Wallet

Testing the Newly Transformed Non-Custodial Coinbase Wallet
Source: Bitcoin.com

A while back, the San Francisco-based exchange Coinbase announced the launch of an ethereum-based wallet called Toshi. The application was a private and secure messaging platform tethered to a non-custodial ETH wallet. Now Coinbase has decided to revamp the application and Toshi will become the ‘Coinbase Wallet’ which will not only offer ETH and it’s token derivatives but soon it will also hold BCH, LTC, and BTC. Also read: The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That Toshi Platform Changes to Coinbase Wallet Next time someone tells you Coinbase is “not a wallet” you can tell them that the San Francisco firm does offer a non-custodial wallet that provides users with private keys. The wallet is called Coinbase Wallet, a rebrand of the Toshi Wallet the company introduced back in April of 2017. On August 15, the Coinbase engineer…

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Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second

Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second
Source: Dailysatoshi.com

The founders of cryptocurrency exchange Cobinhood are commissioning the development of a new blockchain capable of processing 1 million transactions per second, a massive undertaking given that Bitcoin transaction can take hours to complete and Ethereum transactions range from 1-5 minutes, with even Visa’s ~2000 tx/s being dwarfed in comparison. The company behind the project The post Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second appeared first on CCN The post Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second appeared first on Your Daily Satoshi.

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California Bitcoin Dealer Indicted for Money Laundering

California Bitcoin Dealer Indicted for Money Laundering
Source: Livebitcoinnews.com

Authorities have indicted a 21-year-old Bitcoin dealer for money laundering as he sold $750,000 in Bitcoin across the US. Across the world, governments are grappling with how to regulate cryptocurrency. Some are heavy-handed in their approach, while others just seek to put some regulations in place for consumer protection. One thing that all governments frown upon is someone looking to ignore regulations and use cryptocurrency to launder money. When someone thumbs their those at the government by doing that, that’s when the hammer comes down. Illegal Bitcoin Dealing Case in point is Jacob Burrell Campos, a 21-year-old man from Rosarito. He was arrested by law enforcement when he tried to enter the United States from Mexico via the Otay Mesa Port of Entry. His crime? Well, Campos faces a 31-count indictment. Chief among the charges is money laundering. It seems…

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Bitcoin Price Watch: Some Strange Coincidences Between the Currency and Overstock

Bitcoin Price Watch: Some Strange Coincidences Between the Currency and Overstock
Source: Themerkle.com

At press time, bitcoin has fallen back a bit and is now trading for just over $6,300. This is about $200 less than where it stood yesterday. Some strange occurrences are happening in the bitcoin space. For example, one source notices that there’s a strong correlation between bitcoin and Overstock. Rather, Overstock’s stock (mini tongue twisters ahead). Both allegedly seem to be following the same patterns, and the story has been the same for the past four years. It’s interesting in the sense that Overstock was one of the first major retailers to accept bitcoin as a means of payment for goods and services on its website. The company has since expanded, and other retailers have followed suit, but the source suggests that Overstock investors are using the company as a sort of “proxy asset” for bitcoin. Since 2014 –…

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XINFINITY- A One-Stop Digital Transaction Wallet

XINFINITY- A One-Stop Digital Transaction Wallet
Source: Themerkle.com

Owing to the remarkable features such as convenience, easy tracking of spending, lower risks, etc., people have been increasingly adopting the concept of digital trading.  To tap into this growing trend, XINFINITY has introduced its digital wallet that will revolutionized digital currency transactions for the better. Cryptocurrency wallets store public as well as private keys to execute various operations and there is no actual coin exchange. Instead, a transaction record is maintained on the particular blockchain network and these records are validated through variations in the sender and receiver balance of the respective cryptocurrency wallet. Over the past few years, with more and more people adopting crytocurrency wallets, it has seen a significant advancement in the digital transaction domain. Primarily because it comes with ATM level security. Several businesses such airlines, banks, publishing, real estate, healthcare, etc. today are transacting…

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Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures
Source: Bitcoin.com

The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result of its mid-term review of 21 cryptocurrency exchanges. The inspection was conducted in June and July by the Korea Internet and Security Agency (KISA) and the Korean Ministry of Science and Technology. KISA security experts visited each exchange to check on the 85 items identified during its previous crypto exchange inspection, conducted between January and March. They focused on 17 items which needed immediate implementation; six were short-term measures and 11 concerned crypto wallet management. “Intermediate checks were carried out in such a way as…

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Ripple’s CTO Invented a Distributed Computer System in the 80s Before Satoshi’s Bitcoin

Ripple’s CTO Invented a Distributed Computer System in the 80s Before Satoshi’s Bitcoin
Source: Btcmanager.com

David Schwartz, Ripple’s chief technology officer, had conjured a similar concept to Nakamoto’s Bitcoin blockchain 30 years ago, known as a “multilevel distributed computer system,” reported The Next Web on August 17, 2018.  On August 25, 1998, Schwartz filed a patent for the distributed computer system which was designed to use the combined processing power from several personal computers to accomplish specific… The post Ripple’s CTO Invented a Distributed Computer System in the 80s Before Satoshi’s Bitcoin appeared first on BTCMANAGER.

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No More Coinbase and BitPay: Process Your Own Bitcoin Payments for $6 a Month

No More Coinbase and BitPay: Process Your Own Bitcoin Payments for $6 a Month
Source: Bitcoinist.com

Merchants can now use a Bitcoin full node to process their own payments via the BTCPay server for under $6 a month — with or without Lightning Network functionality.  Removing Microsoft Azure Reliance A guide to the solution from creator and Bitcoin developer Nicolas Dorier published August 18 explains how merchants who want to accept payments without banking formalities can now do so entirely independently. A secondary issue, obligatory use of Microsoft Azure, has also been resolved, reducing cost and reliance on third parties. “BTCPay Server can easily be hosted with the magical one-click deploy to azure. However, simplicity come with a cost: Around 65 USD per month,” Dorier begins. While you can bring it down to around 20 USD per month by following this guide after initial sync. The cost of Azure is too damn high. A further complication…

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According to BIG, White-Collar Crime Could Double by 2028

According to BIG, White-Collar Crime Could Double by 2028
Source: Themerkle.com

When the banks failed in 2008, our financial systems shifted. A decade on, one of our most nagging financial predicaments centers on virtual currencies and their (lack of) regulation. 2018 is showing promising steps forward in lawmaking for countries like Switzerland, Germany, Malta, and even the US. So, why does Vancouver-based intelligence firm BIG believe that white-collar crime could double over the next 10 years? As an agency that helps track and monitor cryptocurrency transactions at a forensic level (with the Department of Justice and Homeland Security among its clients), BIG notes that, as technology evolves, rather than fight white-collar crime, it could very well facilitate it. Moreover, the internet provides vast opportunities for white-collar criminals in 2018 – and current legislation is ill-prepared to stop the rise. Shone Anstey, Executive Chairman, President and Co‑Founder of BIG, says: “The volume of…

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Op-ed: Energy Security and Blockchain: A Solution for Oil Politics and Geopolitics

Op-ed: Energy Security and Blockchain: A Solution for Oil Politics and Geopolitics
Source: Dailysatoshi.com

Modern economies run on a different kind of ‘Power’ than the medieval kingdoms. Today, power is derived from coal, petroleum, and biofuels instead of the King’s exalted office. The economies that ensure a steady and sufficient supply of energy for their citizens and governmental machinery are the ones that have Energy Security. Today, Energy Security The post Op-ed: Energy Security and Blockchain: A Solution for Oil Politics and Geopolitics appeared first on CCN The post Op-ed: Energy Security and Blockchain: A Solution for Oil Politics and Geopolitics appeared first on Your Daily Satoshi.

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Why Is the Ethereum Price Tanking? Here Are 4 Possible Reasons

Why Is the Ethereum Price Tanking? Here Are 4 Possible Reasons
Source: Themerkle.com

Crypto markets are down across the board, and that’s nothing new. But what’s behind Ethereum losing 44 percent of its value in just two weeks? From August 1 to August 14, crypto’s number two went from $470 to $260. That’s its lowest level since November 2017. It was trading at around $285 at the time of writing. Sure, it’s been somewhat of a bloodbath for all cryptocurrencies lately, with other major coins taking a hit as well. But Bitcoin’s value drop is nothing compared to Ethereum’s despite the delayed ETF. What gives? Here are four possible reasons for the (drastic) downturn in the Ethereum price: 4. Scalability Issues The Ethereum network’s infamous problems with scalability continue to plague its developers – and now its price – according to Jimmy Zhong, co-founder and CEO of enterprise-grade blockchain infrastructure IOST. He says:…

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Despite Decline in Bitcoin Prices Mining Hash Rate Keeps Rising

Despite Decline in Bitcoin Prices Mining Hash Rate Keeps Rising
Source: Forklog.net

Despite the significant decline in Bitcoin prices since the beginning of 2018, the network’s hash rate continues to increase showing a complex nature of economics of cryptocurrency mining. A growing hash rate means Bitcoin mining is still profitable enough for many players to stay put, defying speculation that prices have fallen past break-even points. According […]

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She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career

She(256) Mentorship Program Aims to Help More Women Gain a Cryptocurrency Career
Source: Bitcoin.com

She(256) is a clever name for a novel scheme. The female-focused mentorship program is designed to support women entering the cryptocurrency space. In doing so, the program will enable students to benefit from the guidance of a crypto OG – a seasoned professional whose business and technical experience should prove invaluable. The She(256) initiative has been broadly welcomed in most quarters of the cryptoconomy. Also read: Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos Mo’ Mentors, Mo’ Women “Dear men of crypto, I would love to see many of you sign up to be She(256) mentors,” tweeted Jill Carlson. The cryptocurrency all-rounder is a recognisable and respected figure in an industry that is still overwhelmingly male-dominated. “Many of you have been the most important mentors and influences in my career,” she continued. “It matters more than you know when you support…

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Bitcoin ATM Robbed by Masked Burglar

Bitcoin ATM Robbed by Masked Burglar
Source: Livebitcoinnews.com

Police in Lincoln, Nebraska, are looking for the masked burglar who robbed a Bitcoin ATM early in the morning. Crime and cryptocurrency have definitely mixed over the last year. The massive bull run in Bitcoin in late 2017 led many criminals to take notice of the massive amounts of money associated with cryptocurrency. Most physical criminal acts concerning cryptocurrency usually involve a person being robbed as they’re carrying cash to buy Bitcoin or some other virtual currency. One masked burglar in Lincoln, Nebraska, decided to go directly to the source and rob a Bitcoin ATM. Early Morning Robbery The burglar broke into The Mill Coffee and Tea shop located in Lincoln’s Haymarket. The criminal shattered the store’s glass door around 3:30 am. Once inside, he robbed the Bitcoin ATM of the cash it was holding. The ATM is owned by…

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