Facebook Building Its Blockchain Unit, May Develop a New Cryptocurrency

Facebook Building Its Blockchain Unit, May Develop a New Cryptocurrency
Source: Livebitcoinnews.com

Facebook is working hard to expand its blockchain development team. The company is also rumored to be building its own cryptocurrency. Blockchain and Social Media: Can They Work Together? Facebook and crypto have had something of a mixed relationship in the past. The social media giant started 2018 by following in Google’s footprints and banning all advertisements relating to crypto, blockchain and initial coin offerings (ICOs). Only months later, however, the company announced that it was partnering with the former president of PayPal David Marcus, who would head the company’s blockchain unit formed last April. Marcus says he’s a longtime cryptocurrency advocate and even served on the board of directors at Coinbase, one of the world’s largest and most popular cryptocurrency exchanges. Who’s in Charge, Here? Facebook’s blockchain unit now consists of over 40 individuals, with more than six reportedly…

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Bitcoin, XRP, Ethereum Price in the Green. Litecoin and BitcoinSV Leading With 8% Gains

Bitcoin, XRP, Ethereum Price in the Green. Litecoin and BitcoinSV Leading With 8% Gains
Source: Themerkle.com

Crypto markets are showing mercy on us this weekend. Bitcoin, XRP and Ethereum price is in the green today, up 1.11%, 1.10% and 2.81% respectively. In other good news, it looks like Litecoin and BitcoinSV are showing some bullish momentum, both cryptocurrencies are up 8% in the past 24 hours. 2018 has been a rough year for cryptocurrency. The worst part of it was the past 3 months where the market “baited” traders with a 3 month long sideways market only to add insult to injury and break down even further. Many have tried to call the bottom – and many are still trying – but the truth of the matter is crypto markets are unpredictable and nobody knows what the future will bring. In my opinion, the best thing to do during times like these is to take it…

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BCH-Based Openswap Client Will Feature Trustless Atomic Swaps

BCH-Based Openswap Client Will Feature Trustless Atomic Swaps
Source: Dailysatoshi.com

On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down In-Wallet Atomic Swaps and Onchain Negotiations Mark Lundeberg has revealed a new project he’s been working on and has published the software’s open source framework. According to the developer, the Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support. Lundeberg’s first iteration which he plans on…

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Switzerland to Relax Laws for Blockchain and Crypto Startups

Switzerland to Relax Laws for Blockchain and Crypto Startups
Source: Dailysatoshi.com

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the report, the Swiss Federal Council’s main focus is on “ensuring the integrity and reputation of Switzerland as a financial center” and on better positioning the country to “exploit the opportunities offered by digitalization.” The government’s plan is to create the best possible legal framework conditions so the country can continue to evolve as a leading and sustainable destination for fintech, blockchain, and innovative companies in a number of fields. Although the report discusses the risk of cryptocurrencies being used for illegal purposes like the financing…

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Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
Source: Dailysatoshi.com

Cryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The Coin Dance Bitcoin Cash Protocol Development Tracking Page The analytical website Coin Dance has added a lot more detail to the site’s development section. The Bitcoin Cash protocol development tracking page expands upon a list of development discussions, proposals, and code that’s being developed right now. For example, there are currently 12 featured concepts ‘under development’ by the groups of developers who help the BCH protocol prosper. Developers from groups like the Cashshuffle developers, Bitcoin ABC, and Bitcoin Unlimited (BU) have all contributed to the…

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Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018

Linkedin Names ‘Blockchain Developer’ Top Emerging US Job of 2018
Source: Dailysatoshi.com

Linkedin has published its 2018 “Emerging Jobs Report” for the United States, in which it names “Blockchain Developer” as the most rapidly emerging employment position of the past year. According to the report, the position saw growth of 33x on Linkedin’s platform during 2018. Also Read: Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments ‘Blockchain Developer’ Tops Linkedin Emerging Jobs Report The position of Blockchain Developer has topped Linkedin’s 2018 emerging jobs report, producing an astonishing 33x in growth according to the social media company. Blockchain Developer significantly overshadowed the growth of the next most-rapidly emerging job on Linkedin, the position of “Machine Learning Engineer,” which was unable to retain its position as the fastest growing job on Linkedin, despite gaining over last year’s 9.8x with 12x growth during 2018. Linkedin lists the top skills associated with…

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Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?

Will Coinbase Hit Its 2018 Target of $1.3 Billion in Revenue?
Source: Dailysatoshi.com

The current crypto bear market is dragging on, with billions in cryptocurrency wealth wiped out in 2018. The trading volume of six year-old Coinbase has hit a yearly low. Despite the crypto winter, the company is continuing to raise funds and has reached an impressive valuation of $8 billion. But is this figure justified and will Coinbase meet the $1.3 billion in revenue it’s projected for 2018? Also read: Coinbase Opens the Door to More than 30 Cryptocurrencies Six-Year-Old Startup in an Uncertain Industry In 2017, Coinbase generated $923 million in revenue and $380 million in profit. In 2018, the San Fransisco-based exchange is projected to bring in a total of $1.3 billion in revenue and $456 million in profits, according to a recent Bloomberg report, citing a document it reviewed.  Coinbase is expected to have generated just $600 million in revenue by the end…

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eToro launches #WelcomeToTheClub Premier League UK campaign

Source: Crypto-news.net

Global multi-asset investment platform eToro has launched eToro FC, a community for football fans interested in learning about cryptoassets and investing, as part of its new #WelcomeToTheClub Premier League campaign. In August, eToro partnered with seven Premier League clubs in deals that were paid for using bitcoin. From today, eToro will work with those seven clubs (Cardiff City FC, Crystal Palace FC, Brighton & Hove Albion FC, Leicester City FC, Newcastle United FC, Southampton FC and Tottenham Hotspur) to help educate football fans on investing by providing educational materials, tutorials and market news. Members of the eToro FC community will also have access to unique football content and the ability to enter competitions. Iqbal V. Gandham, UK Managing Director at eToro, said: “#WelcomeToTheClub will help educate football fans who are new to investing. We carried out our Premier League sponsorship…

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Edgeware: Experimental Blockchain for On-Chain Governance

Edgeware: Experimental Blockchain for On-Chain Governance
Source: Btcmanager.com

Over the past 12 months, there has been an explosion in the number of blockchain protocols being built. Of these new launches, nearly 80 percent of utility tokens and smart contract blockchains have announced that their governance processes will be decentralized and migrated on-chain. Even though many have made announcements of on-chain governance, the actual developments on that side have…Read More. The post by Pratik Makadiya appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Sponsored: Countries That Have Banned Online Gambling and Then Regulated

Sponsored: Countries That Have Banned Online Gambling and Then Regulated
Source: Themerkle.com

Gambling, given its very nature, has always had its fair share of complications with legalization and regulation as is evident by the evolution of gambling laws in countries all over the world. However, online gambling presents a nation or a state with plenty of opportunity to raise enormous funds by taxation on online gambling. This is predominantly why there is a pattern where even countries that initially prohibit online casino’s and online gambling in all its forms, later amend their gambling laws to regulate the industry instead of outlaw it completely. Too much red for our liking With that, let us take a look at some countries that have or are in the process of regulating online gambling instead of outright banning it. #1 Sweden When online gambling is restricted by law, it does not effectively result in the cessation…

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Startup Owners Still Invest in Crypto, but They Don’t Believe in It

Startup Owners Still Invest in Crypto, but They Don’t Believe in It
Source: Livebitcoinnews.com

As a kid, did you ever stick your hand into the cookie jar knowing you could get in trouble? The thought of that sugary, delicious cookie in your mouth was too good to pass up, and several entrepreneurs feel the exact same way about crypto. When Crypto Falls, People Buy Crypto prices have been failing miserably as of late. Bitcoin, for example, has lost over 80 percent of its value since the beginning of the year, while competing coins like EOS and Ethereum have lost over 90 percent. Some investors are looking to stay away from the crypto space until things get better, but according to a new survey, most technology startup founders are still putting their money into crypto and blockchain. Approximately 500 startup executives were examined for the study, which was conducted by the investment firm First Round….

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Tesla Owner Successfully Dual-boots Linux and TeslaOS

Tesla Owner Successfully Dual-boots Linux and TeslaOS
Source: Themerkle.com

When it comes to exploring the boundaries of technology, some people tend to go very far in their approach. One Tesla model 3 owner dedicated to try and install the Ubuntu operating system on his car. Surprisingly, this works without too many problems and doesn’t necessarily cause any stability issues. Although not everyone wants Linux in their car, the concept creates a lot of new potential opportunities. Running Linux on a Tesla Model 3 It is quite uncanny how people try to push their gadgets to the edge in terms of expanding its functionality. Although modifying a smartphone or computer is commonplace, messing around with the software on a new car is not necessarily something most people partake in. Especially if that car is a Tesla Model 3, which is not all that cheap either. Reddit user Trsohmers decided to…

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BCH-Based Openswap Client Will Feature Trustless Atomic Swaps

BCH-Based Openswap Client Will Feature Trustless Atomic Swaps
Source: Bitcoin.com

On Friday, Dec. 14, Bitcoin Cash developer Mark Lundeberg announced his new project Openswap, a fork of the Electron Cash client that features atomic swap functionality. Lundeberg’s been working on the Openswap software for months and the tool can perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down In-Wallet Atomic Swaps and Onchain Negotiations Mark Lundeberg has revealed a new project he’s been working on and has published the software’s open source framework. According to the developer, the Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support. Lundeberg’s first iteration which he plans on…

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Ethereum’s ProgPoW May Trigger Major Market Movements if Implemented

Ethereum’s ProgPoW May Trigger Major Market Movements if Implemented
Source: Themerkle.com

There are a lot of discussions taking place when it comes to Ethereum and its future scaling solutions. One of the primary topics of debate is a solution under the name of ProgPoW. This programmatic proof of work implementation can be potentially groundbreaking for Ethereum, either for better or worse. Some sources claim it aims to get rid of ASICs, although that isn’t necessarily entirely correct. The Purpose of ProgPoW While one has to commend enthusiasts and developers for looking into different ways to move Ethereum into the next stage of development, some ideas raise more questions than answers. In Ethereum’s case, the solution known as ProgPoW has caused a fair few discussions over the past few months. That is only normal, as the idea is a bit controversial first and foremost. To put ProgPoW in perspective, it is a…

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Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report

Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report
Source: Dailysatoshi.com

According to a Cluj, Romania-based newspaper, the case of bitcoin exchange executive Vlad Nistor is much deeper than the simple illegal operation of a cryptocurrency firm. Their most recent report on the case speaks to some much more serious allegations as to the behavior of Vlad Nistor. More Details Emerge in Bitcoin Exchange CoinFlux CEO’s The post Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report appeared first on CCN The post Romanian Bitcoin Exchange CEO Helped Launder Stolen Funds: Report appeared first on Your Daily Satoshi.

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‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers

‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers
Source: Dailysatoshi.com

Co-founded by veteran game developer Brian Fargo, Robot Cache will purportedly be the first blockchain-based digital marketplace for video games. Brian Fargo Launches Blockchain-Based Steam Competitor The PC games platform is set to launch sometime in 2019 but has already signed up 22 publishers and 700 games for its blockchain-based competitor to Steam. Robot Cache The post ‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers appeared first on CCN The post ‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers appeared first on Your Daily Satoshi.

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Censorship-Resistance Is Likely Bitcoin’s Greatest Use Case Amidst Global Sanctions

Censorship-Resistance Is Likely Bitcoin’s Greatest Use Case Amidst Global Sanctions
Source: Btcmanager.com

The inability to quickly process Bitcoin payments finally showed its face in 2017 when prices were high. Not only that, but transaction costs for trading in the pioneer cryptocurrency were far from competitive. And yet, cryptocurrencies have still managed to capture the minds of many world leaders. The reason? In a world as financially-intertwined as ours, the ability to evade…Read More. The post by Liam J Kelly appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups
Source: Bitcoin.com

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the report, the Swiss Federal Council’s main focus is on “ensuring the integrity and reputation of Switzerland as a financial center” and on better positioning the country to “exploit the opportunities offered by digitalization.” The government’s plan is to create the best possible legal framework conditions so the country can continue to evolve as a leading and sustainable destination for fintech, blockchain, and innovative companies in a number of fields. Although the report discusses the risk of cryptocurrencies being used for illegal purposes like the financing…

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People’s Bank of China Officially Bans Security Token Offerings

Source: Crypto-news.net

During the last couple of months, China has often reiterated its aggressive position towards digital currencies. A similar event recently took place, after the People’s Bank of China (PBoC) decided to ban security token offerings, also known as STOs. Banning the Successor to ICOs For those who do not know, STOs are considered the successors to ICOs. They’re quite similar in purpose, yet there are a couple of differences between the two crowdfunding methods. As such, an STO investment is financially-backed via a company’s assets, revenue or profits. On the other hand, ICOs do not offer any investment backing, yet start-ups give investors value and utility tokens. It seems that the move was fuelled by the fact that despite the bans on Initial Coin Offerings, numerous start-ups were still holding token sales within the country. Pan Gongsheng, who is the…

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Is This the End of Crypto?

Is This the End of Crypto?
Source: Themerkle.com

Bitcoin’s tumbled to a 15-month low. Ethereum is circling the drain. Despite announcements of a Swiss ETP, more regulated bitcoin futures in Q1, a German stock exchange launching a crypto platform, and institutional investors getting in, the market keeps on hemorrhaging. Is it time to jump ship? Cut your losses and get out while there’s something to get out with? Is this the end of crypto? The short answer to that would be, no one knows. It’s possible, of course. Apart from miniature countries floating in the Mediterranean with reputations for accepting money from questionable sources, regulators haven’t been welcoming. The ICO model is all but dead. The scaling headache is now a constant migraine, and Mark Zuckerberg has a net worth to rival the market cap of Bitcoin. Even those inside the industry like Barry Silbert are starting to…

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Monitor Bitcoin Cash Development With the Coin Dance Tracking Page

Monitor Bitcoin Cash Development With the Coin Dance Tracking Page
Source: Bitcoin.com

Cryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The Coin Dance Bitcoin Cash Protocol Development Tracking Page The analytical website Coin Dance has added a lot more detail to the site’s development section. The Bitcoin Cash protocol development tracking page expands upon a list of development discussions, proposals, and code that’s being developed right now. For example, there are currently 12 featured concepts ‘under development’ by the groups of developers who help the BCH protocol prosper. Developers from groups like the Cashshuffle developers, Bitcoin ABC, and Bitcoin Unlimited (BU) have all contributed to the…

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Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’

Cambridge University Study: Speculation of the Death of Bitcoin ‘Greatly Exaggerated’
Source: Bitcoinist.com

Following news that verified crypto-user numbers doubled in the first three-quarters of 2018, the study by Cambridge University also concluded that the death of Bitcoin amid an 85% drop in price has been ‘greatly exaggerated’ by the media.  Cambridge University: Bitcoin Mining Diversifying Aside from the influx of new users, the report titled 2nd Global Cryptoasset Benchmarking Study reveals several other key findings from the analysis, notably: Diversification has increased, with a rise in cross-segment expansion, meaning 57% of companies now offer integrated services to customers. Multi-coin support has also increased, from 47% of service providers in 2017 to 84% today. Geographical concentration of mining hash power is not as big a problem as commonly perceived as well, with particular growth in North America. A large share of the energy consumed by these facilities comes from renewable sources in regions with excess supply. The report…

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