Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out
Source: Btcmanager.com

In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least… The post Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out appeared first on BTCMANAGER.

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Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange
Source: Btcmanager.com

Binance, the world’s largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release. Binance Crypto Revolution The world famous exchange has added another… The post Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange appeared first on BTCMANAGER.

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Venezuelans to Be Paid at Least Half a Petro a Month

Venezuelans to Be Paid at Least Half a Petro a Month
Source: Bitcoin.com

Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    Also read: This Fall May Bring More Crypto-Friendly Jurisdictions 1 Petro = 60 Dollars = 1 Barrel Nicolás MaduroVenezuelan president Nicolás Maduro revealed the fixed price of the country’s cryptocurrency, the petro, and a new minimum wage as part of a package of measures aimed at improving the socio-economic conditions in the South American country. The policies will be implemented on Monday, when the new, denominated brolivar will be introduced to replace the highly inflated national fiat. Starting from August 20, 1 PTR will be officially exchanged…

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Website Builder Service ‘Wix’ Announces PumaPay Cryptocurrency Payment Option

Website Builder Service ‘Wix’ Announces PumaPay Cryptocurrency Payment Option
Source: Livebitcoinnews.com

PumaPay has announced its partnership with Wix, the website creation and hosting platform. Based on the partnership, the PumaPay cryptocurrency (PMA) becomes one of the payment options on the platform. Wix Adds PumaPay Cryptocurrency PumaPay which is fast becoming a cryptocurrency payment staple in the adult entertainment industry has added a new client, Wix. The announcement is yet another example of the ever-increasing utility of virtual currencies in several aspects of ecommerce.  According to Venture beat, Wix users now have the option to pay for their website creation and hosting using PumaPay. Online merchants can also take advantage of the cryptocurrency’s PullPayment Protocol as a billing method thus allowing them to accept PMA tokens on their Wix websites. Commenting on the development, Yoav Dror, the CEO of PumaPay said: All components of the PumaPay solution are being developed with our…

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Libellum: Offering Instant Supplier Verification Through Blockchain Technology

Libellum: Offering Instant Supplier Verification Through Blockchain Technology
Source: Bitcoinprbuzz.com

Hong Kong, China – August 18, 2018: Hong Kong-based IT company Libellum Ltd has announced the launch of its innovative new supplier verification, product certification, and compliance platform. Libellum aims to make purchasing from China as secure as possible by blockchain technology as well as partnering with the world’s largest third-party testing companies. E-commerce and Third Party sellers are growing rapidly and the need for verified suppliers is growing exponentially, as many buyers fall victim to the scams of illegitimate suppliers. One of the biggest problems in the import/export industry is that buyers have no simple and easy way to verify the legitimacy of suppliers from overseas. Libellum works to solve this problem by enabling consumers and buyers to lookup certificate numbers or test reports, which are issued by testing and certification companies on the platform. Within a few simple…

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Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership

Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership
Source: Dailysatoshi.com

On Tuesday, U.S. international wire transfer startup Wyre announced a strategic partnership with MakerDAO. We’ve written about Wyre several times in the past: first when they raised a $5.8 million Series A led by Chinese firm Amphora Capital. The firm went on to acquire Bejing-based Remsity as they took on China. At the time — April 2017 The post Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership appeared first on CCN The post Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership appeared first on Your Daily Satoshi.

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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars

Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars
Source: Bitcoinist.com

Venezuela’s currency the Bolivar Fuerte jumped to 9.2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off its value. Redenomination Looms As reported by cryptocurrency commentators including Purse.io support head Eduardo Gomez, the bolivar traded unofficially at around 6.7 million VEF per 1 USD August 17, before suddenly depreciating rapidly to 9.2 million. “Yesterday 1 bitcoin was worth 44 billion bolivars, now it’s at 59 billion,” he noted. As Bitcoinist recently reported, August saw the bolivar, which is the world’s least-valued currency, extend its increasingly troubled history. Combined with current behavior on Bitcoin markets, the price 00 of the largest cryptocurrency in VEF terms is now doubling every 18 days. According to Bloomberg’s Cafe Con Leche Index, which tracks the rate of inflation in Venezuela in lieu…

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Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance
Source: Bitcoin.com

Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions. Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet Up Moves, Down Moves, and Eight Months of Corrections Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday…

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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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Ripple Is Targeting the Chinese Market: Top Executive

Ripple Is Targeting the Chinese Market: Top Executive
Source: Themerkle.com

Ripple is targeting the Chinese market with its blockchain products, a top executive has revealed. The company has been partnering with many banks and payment processors around the world, but surprisingly, it has only partnered with one Chinese payment processor. The Chinese market is dominated by Alibaba and Tencent, with the two giants accounting for a 50 percent market share between them. Cross-border e-commerce transactions into the country are expected to hit $1.3 trillion in 2018, and acquiring a share of this market could prove quite profitable for the company. Ripple Marches On In a phone interview with CNBC, Ripple’s vice president of European Union strategic accounts, Jeremy Light, revealed that the company is seeking to expand into the Chinese market. Light described the Chinese market as a region of interest to the company given its blockchain solutions to cross-border…

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Halve The Reward, Halve The Price? New Chart Forecasts $3K BTC By 2020

Halve The Reward, Halve The Price? New Chart Forecasts $3K BTC By 2020
Source: Bitcoinist.com

Bitcoin price (BTC) could continue dropping for the next two years, a new forecast which takes into account the possible effect of the next block reward halving has revealed. The Halving Factor To Hit Bitcoin? Uploaded to Twitter August 13, the chart, which “factors in” Bitcoin’s third halving in May 2020 suppressing prices, shows BTC/USD ‘bottoming’ at $3000 just before the event. The trend would continue three previous cycles in Bitcoin 00, the cryptocurrency now beginning a fourth, which would last through the next halving. As Bitcoinist reported this week, the May 2020 event could well prove to be a turning point for prices, ending the latest downtrend which could characterize the next two years. Community members appeared to react well to the idea, Willy Woo highlighting contrasts between the state of the Bitcoin network in 2018 versus 2014 at…

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Coinbase Acquires Distributed Systems, Pledges to Explore Decentralized Identity Systems

Coinbase Acquires Distributed Systems, Pledges to Explore Decentralized Identity Systems
Source: Themerkle.com

Coinbase has announced the acquisition of Distributed Systems, a decentralized identity solutions provider. In a blog post announcing the acquisition, the San Francisco-based crypto exchange described it as strategic in Coinbase’s bid to bring cryptos into the mainstream. The five engineers working at Distributed Systems will join the Coinbase team and will work to integrate their services into the exchange’s operations as well as develop new identity solutions. This is the latest in a string of acquisitions by Coinbase as it continues to strengthen its position as the most popular exchange in the US and one of the most influential globally. Decentralizing Identity After decades of users having their identities controlled by multinational entities that use them for their own gain, it’s about time that people retook control and ownership, and blockchain technology is the way to achieve this. Announcing…

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Wendy McElroy: The Jiu-Jitsu of Crypto – Personal Freedom vs Social Change

Wendy McElroy: The Jiu-Jitsu of Crypto – Personal Freedom vs Social Change
Source: Bitcoin.com

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 7 The Jiu-Jitsu of Crypto: Personal Freedom vs Social Change. It is often assumed that power derives from violence and can be controlled only by greater violence. Actually, power derives from sources in the society which may be restricted or severed by withdrawal of cooperation by the populace. The political power of governments may in fact be very fragile. Even the power of dictators may be destroyed by withdrawal of the human assistance which made the regime possible. –Gene Sharp, The Politics of Nonviolent Action Cryptocurrencies withdraw assistance from the state’s engine of power: the financial system. But they do more. They create a parallel payment and monetary system that draws upon the state’s own energy to defeat it. The Japanese martial art of…

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Pantera Capital Raises $71M for Its Crypto Fund, Targeting $175M

Pantera Capital Raises $71M for Its Crypto Fund, Targeting $175M
Source: Themerkle.com

Pantera Capital has raised $71.4 million for its third crypto venture fund, a filing with the US Securities and Exchange Commission has revealed. The filing, which was submitted on August 15, indicated that Pantera received money from 90 investors for the new fund. This is its third crypto-focused fund and by far its biggest, with its most recent fund having raised $25 million in 2017. Pantera has invested in some of the leading blockchain startups in the past including Brave Browser, Circle, Coinbase, and Abra, and its investors have been reaping big. Investing in Blockchain Pantera was one of the earliest institutional investors in the crypto industry, having begun to invest at a time when many people knew nothing of the industry. The Menlo Park, California-based company has made investments in some of the biggest names in the industry. 0x,…

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Exchange Traded Notes Allow Investors with Dollars into the Market

Exchange Traded Notes Allow Investors with Dollars into the Market
Source: Btcmanager.com

In late August 2018, American investors will be able to purchase a Bitcoin exchange-traded-note which seeks to allow some of the more timid investors an opportunity to own the digital currency. The product is called Bitcoin Tracker One, and it is now listed in U.S. dollars under CXBTF which allows brokerages to offer it to American investors. While this is not the… The post Exchange Traded Notes Allow Investors with Dollars into the Market appeared first on BTCMANAGER.

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Bitcoin Mining Company Kryptovault Receives Bomb Threats

Bitcoin Mining Company Kryptovault Receives Bomb Threats
Source: Livebitcoinnews.com

A Bitcoin mining company in Norway has received bomb threats after conflicts with local residents. While some towns and cities are quite welcoming of Bitcoin mining operations setting up shop, it appears that others are not. Kryptovault, a cryptocurrency mining company in Norway, has been the recipient of a bomb threat. Needless to say, the company is taking such a threat seriously. Someone Not a Fan of Bitcoin Mining Kryptovault operates mining facilities in three locations: Follum, Honefuss, and Dale. The company has had some issues with local residents at Dale and Honefuss. It appears that the noise associated with cryptocurrency mining is what lies behind the conflict. Recently, Kryptovault received a bomb threat that read: This is sabotage. If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am…

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Bitcoin’s Volatility Renders it Useless as a Payment Method, Says Former PayPal CEO

Bitcoin’s Volatility Renders it Useless as a Payment Method, Says Former PayPal CEO
Source: Themerkle.com

Bill Harris has made clear his view on cryptos several times. The former PayPal CEO has in the past described Bitcoin as the ‘greatest scam in history’ and a massive ‘pump and dump scheme.’ Harris recently reiterated his stand, further claiming that all the praise that Bitcoin has been receiving as an efficient payment method is fabricated and untrue. Bitcoin is going to go a whole lot closer to zero than to the moon as “there is no value there,” Harris stated in a recent interview. Financial technology should offer a better alternative to existing payment methods, and according to Harris, Bitcoin simply doesn’t. Cryptos Are Inferior to Existing Technology Harris came out swinging against cryptos, which he insisted are not the revolutionary solutions many claim they are. While the problems that cryptos claim to solve are genuine and need…

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The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That
Source: Bitcoin.com

Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about the latest incarnations of the technology. Also read: Binance Launches in Liechtenstein, ZB.com Opens Office in Malta Scammers Threaten Cheating Husbands, Ask for Bitcoin The U.S. Federal Bureau of Investigation (FBI) has recently issued a warning about new scams involving cryptocurrency: fraudsters have been sending letters threatening to reveal cheating husbands to their wives and relatives unless they are paid thousands of dollars in bitcoin (BTC). The FBI’s Internet Crime Complaint Center (IC3) says there’s been a significant increase in the number of extortion attempts…

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Alibabacoin Foundation Announces the Launch of Their Wallet

Alibabacoin Foundation Announces the Launch of Their Wallet
Source: Coinidol.com

Aug 18, 2018 at 13:03 // News The long wait is over. Alibabacoin Foundation shared the good news that the new, improved and updated Multi-Crypto Wallet is now released. Now, people can download the wallet and start using the functions which are available. The company knows that there are many people who are waiting for the release, and now, after testing and working on improving the functionality and usability of this application, Alibabacoin Foundation would now proudly release their Multi-Crypto Wallet. The wallet is available for mobile phone users. You can download it on Google Play Store for Android users or on the App Store for iOS users. AirDrop: Download The FREE Wallet and Get 100 FREE ABBC In their statement, Alibabacoin Foundation mentioned:  “We want to thank our faithful community who are eagerly awaiting the release and constantly monitoring…

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IBM to Offer Its Expertise to Accelerate NHCT

IBM to Offer Its Expertise to Accelerate NHCT
Source: Livebitcoinnews.com

NanoHealthCare Token (NHCT) has been accepted into ‘Start-up with IBM’ (formerly Global Entrepreneur Program). This gives NHCT access to IBM’s infrastructure and expert technical advice to build their blockchain solution. NHCT will also be a part of IBMs solution marketplace and have an opportunity to partner with IBM’s global healthcare clientele. Startup with IBM is the single IBM program designed to provide startups access to up to $120,000 of technology usage credits, leading experts and enterprise-grade Cloud, Data, IoT, Blockchain and AI technologies to help solve real problems and ultimately help get their innovative products to market faster. NHCT is a blockchain powered ecosystem of “Total Health.” It focuses on personalizing healthcare for individuals and making healthcare systems more efficient and effective. It connects users, payers and providers on one platform using a 3 tier token protocol. NHCT is brought…

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Thai Bitcoin Scandal Implicates Stock Exchange and Staff at 3 Banks

Thai Bitcoin Scandal Implicates Stock Exchange and Staff at 3 Banks
Source: Themerkle.com

Staff at three Thai banks and an investor in the Stock Exchange of Thailand (SET) are among the people implicated in a mega bitcoin scandal, local media reported on August 16. According to the Thai police, several bank employees failed to report huge transfers to the country’s Anti-Money Laundering Office, a violation of the country’s financial services industry rules. The victim was a 22-year-old Finnish crypto millionaire who lost over 5,500 bitcoins to the well-orchestrated scam. According to the report, police are considering filing charges against the banks and their employees. Of Casinos in Macau and Thai Stocks Aarni Otava Saarimaa, a businessman from Finland who was an early investor in Bitcoin and made millions from his ventures, was approached by a group of Thais with a business proposal in June of last year. The group promised him a lucrative…

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4 Founders Reveal Secrets Behind Wildly Successful ICOs

4 Founders Reveal Secrets Behind Wildly Successful ICOs
Source: Bitcoinist.com

ICOs can be daunting to execute, so it’s best to learn from founders that have been there, done that.  [Note: This is a guest article submitted by Eugene Cheng] Launching an ICO is a Daunting Process We spoke to 4 founders that have run successful ICOs about what they deem to be important when launching ICOs, how to best go about approaching such a gargantuan task and some of the issues they encountered when doing so. (From left to right, top to bottom: Jack Yeu, Co-Founder and CCO of Switcheo Network; Christel Quek, Co-Founder and CCO of BOLT; Val Yap, Founder and CEO of PolicyPal Network; Stephen Hyduchak, Founder and CEO of Bridge Protocol) Private sales and making sure you have the right investors onboard Having raised US$8.7 million in their March ICO, Switcheo Network chose to hold a private sale…

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GOeureka: Next-Gen Solution Shaping the Future of Online Hotel Booking

GOeureka: Next-Gen Solution Shaping the Future of Online Hotel Booking
Source: Coinidol.com

Aug 18, 2018 at 12:24 // PR Singapore – The hospitality sector is the second largest contributor to the global travel industry and it is currently dominated by online travel agents. OTA’s generate around 70% of online hotel bookings and this has impacted hotel’s direct bookings, profit margins and loyalty programs. GOeureka wants to change the scenario by putting hotels and customers first. Using blockchain technology, GO plans to benefit hotels and customers by introducing commission-free bookings, accepting payment through cryptocurrencies that are devoid of merchant fees, and transforming traditional brand loyalty programs.  “GOeureka aims to create a new symbiosis where hotels maintain control over their brand while unlocking unprecedented value for consumers on its platform,” said Manraj Rai, the CEO of GOeureka. “GOeureka’s vision for the future of the travel industry is a supportive online ecosystem where all businesses…

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IBM Member Appreciated WBRShow By IDACB In Tokyo

Source: Coinspeaker.com

During World Blockchain Roadshow (WBRShow) we have crossed the whole Asia and finally got to Tokyo – the capital of Japan. One of the most successful meetings and the last Asian one took place in the land of the rising Sun. This time participating ICO teams presented their ideas to Japanese entrepreneurs. It was the final push and participating ICO teams did their best to impress investors. 4ArtTechnologies described how to fight art fraud using blockchain technology; Code of Talent presented their modern educational model, while MyCryptoBank told about the technology which can help to reduce the gap between cryptobanking and traditional banking products and services. Other teams also gave perfect presentations on future prospects of blockchain business. Microsoft, IBM, CryptoTicker, IT Specialist, and other large companies highly appreciated the startups. Besides, they wished to learn more about the projects…

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