Venezuela’s On-and-Off Love Affair With Cryptocurrency Mining: It’s Complicated

Venezuela’s On-and-Off Love Affair With Cryptocurrency Mining: It’s Complicated
Source: Bitocoinmagazine.com

If you want to see first hand how cryptocurrency functions in a market outside of speculative investing, right now, Venezuela is an interesting place to look.“Venezuela could become a case study repeated all over the world under certain conditions,” said Jeffrey A. Tucker, editorial director of the American Institute for Economic Research (AIER), in correspondence with Bitcoin Magazine. “Crypto is there as the escape hatch, the way out, a tool of emancipation. If you have a power source, you can mine. If you need to save or trade or move your wealth, crypto is there for you.”Crisis-Catalyzed CurrencyVenezuela has been in economic recession for more than a decade. As a result, the government has maintained strict control over its currency, the Venezuelan bolivar (VEF), since 2003. Venezuela’s most abundant resource is oil. It is the fifth largest oil exporting country…

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What Is iExec RLC?

What Is iExec RLC?
Source: Themerkle.com

Blockchain technology allows for the creation of innovative business models. iExec is one of those projects which seeks to combine blockchain with cloud computing. It aims to build the first marketplace for cloud resources in a decentralized manner. There are quite a few intriguing aspects to this project, and it is fully powered by the RLC token. What Exactly is iExec? The company has one simple goal in mind: reinventing the concept of cloud computing altogether. Building the next generation of IT infrastructure is not an easy task, but focusing on decentralizing cloud computing is certainly an option worth exploring. After all, the “cloud” in its current form just means moving data to someone else’s computer or server. It doesn’t solve any central point of failure-related problems whatsoever. iExec envisions an entirely different business approach in this regard. How Does it all Work? There…

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Robinhood Starts Rolling Out Cryptocurrency Trading Today

Robinhood Starts Rolling Out Cryptocurrency Trading Today
Source: Bitcoin.com

Robinhood has finally launched today its highly anticipated crypto trading for bitcoin and ethereum, allowing its now 4 million investors to trade cryptocurrencies alongside stocks, ETFs, and options on the same platform. The feature is being gradually rolled out to people residing in five American states. Also Read: Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin Robinhood Adds Bitcoin and Ether Trading The Robinhood in-app feedRobinhood, the Palo Alto-headquartered US stocks brokerage app, has begun today to gradually enable access to BTC and ETH trading to its customers residing in California, Massachusetts, Missouri, Montana, and New Hampshire. Assuming that the launch will be as successful as expected, the company promises to add in many more states later on. The service already offers market data on 16 cryptocurrencies in the form of bitcoin, ethereum, bitcoin cash, litecoin, ripple, ethereum classic,…

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Government of Spain Considers Blockchain-Friendly Regulations

Government of Spain Considers Blockchain-Friendly Regulations
Source: Bitocoinmagazine.com

The government of Spain is preparing blockchain-friendly legislation including possible tax breaks to attract companies in the emerging blockchain technology sector, Bloomberg Politics reports.“We hope to get the legislation ready this year,” said MP Teodoro Garcia Egea, who is preparing a comprehensive cryptocurrency-related bill. “We want to set up Europe’s safest framework to invest in ICOs.”Initial Coin Offerings (ICOs) and token sales are one of the latest blockchain-related hot trends and have permitted several companies to raise tens and even hundreds of millions of dollars in a short space of time, bypassing the need for prior regulatory approval.ICOs can be very appealing to speculators because the value of a successful token can rise spectacularly, but regulatory agencies, such as the Securities and Exchange Commission (SEC) in the U.S., are beginning to clamp down on token sales, claiming that crypto-tokens are…

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Robinhood shares Crypto Riches in 5 US States

Robinhood shares Crypto Riches in 5 US States
Source: Bit-media.org

Robinhood the mobile app stock trading provider has formally launched cryptocurrency trading, rolling the new service out to residents of California, Massachusetts, Missouri, Montana and New Hampshire.     Residents of these 5 state can now buy or sell Bitcoin and Ethereum using the new Robinhood Crypto platform. When announcing the new offering last month, Robinhood said the move was aimed to bring cryptocurrencies to a wider audience of investors, using a platform which “democratizes” trading by expanding the pool of possible investors through its mobile and web-based apps.     From the company website: “Together, we reached four million users and well over $100 billion in transaction volume on our brokerage platform, leading to over $1 billion in commissions saved in equity trades. With the release of Robinhood Crypto, we’re continuing our mission of making the financial system work…

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CryptoHunt Set to Bring Mass Cryptocurrency Adoption Through Augmented Reality Game

CryptoHunt Set to Bring Mass Cryptocurrency Adoption Through Augmented Reality Game
Source: Themerkle.com

Cryptohunt, a leader in AR/VR technology, have announced exciting new updates for their blockchain-based, geolocational treasure hunting game, CryptoHunt. The game now has a playable demo, which is now available for public access. Utilizing the latest innovations in Augmented Reality and geolocation, CryptoHunt allows users to actively search and solve puzzles for rewards. Similar to PokémonGO, players can solve riddles for CryptoHunt tokens. Disclosure: This is a Sponsored Article However, by leveraging its innovative blockchain technology, CryptoHunt activities have tangible values and is backed by a token economy. The CryptoHunt coins collected during every activity has real value. The coin can be exchanged into other cryptos and will eventually be linked to a Visa CryptoHunt card for players to cash out earnings. The groundbreaking game incorporates trivia in a truly novel approach for players to earn tokens by completing tasks…

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How Dogecoin is Solving Ethereum’s Scalability Problem

Source: Btcmanager.com

Dogecoin, the cryptocurrency that started in 2013 inspired by a dog meme, could finally be on the verge of finding the scalability solution facing both Ethereum and Bitcoin. Going Where No Shiba Inu Has Gone Before On February 5, 2018, Truebit brought Dogecoin to the Ethereum blockchain. The company was founded with an aim to bring scalable computation to blockchains, not just doge and ether. Speaking about the technology, the co-founder Jason Teutsch had said: “The idea is to move computations off-chain because right now there isn’t enough bandwidth to handle the type of computations that the people want to do off-chain, on-chain or the volume of transactions that people want to be able to handle on-chain. [Truebit] looks for really big transactions that are computationally intensive. Right now, a smart contract can only run for a fraction of a…

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Shuttered Exchange BitFunder Founder Charged With Fraud, Perjury

Shuttered Exchange BitFunder Founder Charged With Fraud, Perjury
Source: Dailysatoshi.com

The post Shuttered Exchange BitFunder Founder Charged With Fraud, Perjury appeared first on CCN The US securities regulator has charged the now-shuttered BitFunder with attempting to hide information about a major hack. Meanwhile, the US Attorney’s Office for the Southern District of New York simultaneously charged BitFunder founder,  37-year old Jon E. Montroll of Texas who also ran digital wallet service WeExchange Australia, with two counts of perjury and obstruction The post Shuttered Exchange BitFunder Founder Charged With Fraud, Perjury appeared first on CCN The post Shuttered Exchange BitFunder Founder Charged With Fraud, Perjury appeared first on Your Daily Satoshi.

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20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations
Source: Bitcoin.com

Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain Association, an industry group formally launched in January with 66 members, is primarily focused on self-regulation. The association, “composed of 33 virtual currency exchanges, said 21 of its members, including major players Upbit, Bithumb, Korbit, and Coinone, will undergo evaluations,” Yonhap reported on Wednesday. According to local media, crypto exchanges that have confirmed their participation in self-evaluation include Glosfer, Nexcoin, Zeniex, Kairex, Kcx Exchange, Komid, Coinway, Coinzest, Plutus DS, Dexko, Gopax, Okcoin Korea, and Huobi Korea. The main purpose of the evaluations is to determine if members…

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What Is AdEx?

What Is AdEx?
Source: Themerkle.com

Decentralizing the advertising industry is an intriguing concept, yet it will be very difficult to achieve. AdEx, a blockchain-based project, aims to create a decentralized ad exchange to disrupt online advertising as we know it. Moreover, this Ethereum-based project seeks to address advertising fraud, improve privacy, and empower users. What is AdEx Trying to Achieve? Most people will agree that online advertising in its current form is both intrusive and annoying in many ways. The AdEx team firmly believes they can empower both advertisers and publishers through a secure and transparent platform aimed at decentralizing this business model altogether. Because it is available across all browsers and offers detailed reporting, AdEx may very well succeed in its mission. So How Does it Work Exactly? AdEx consists of several layers which make up this ecosystem. First and foremost, there is the decentralized ad…

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Viberate Partners With Changelly And Opens A Way For A Mass Token Adoption

Source: Crypto-news.net

The token for the live music industry has just become available to a much broader audience, since it’s now available for purchase with Visa or Mastercard via Changelly.com. Listing the token on the service also allows for the direct exchange with all other coins and tokens, which makes it even easier to buy VIB with all major cryptocurrencies and tokens. Listing the token on Changelly also opens an alternative purchase option for those who already have other coins and tokens, but do not want to use numerous crypto exchanges. However, Viberate’s co-founder Vasja Veber points out that this deal is especially important to those who are about to enter the world of cryptocurrencies: “After our successful ICO I spent hours explaining how to buy our token to friends and family, who heard about Bitcoin just recently and have no idea…

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Vodafone to Protect the Skies with Trials of the World’s First IoT Drone Tracking and Safety Technology

Vodafone to Protect the Skies with Trials of the World’s First IoT Drone Tracking and Safety Technology
Source: Bit-media.org

Vodafone today announced the commencement of trials of the world’s first air traffic control drone tracking and safety technology. Vodafone’s pioneering approach uses innovative 4G Internet of Things (IoT) technology to protect aircraft from catastrophic accidents as well as prevent inadvertent or criminal drone incursions at sensitive locations such as airports, prisons, and hospitals.     Commercial civilian drones are too small to be tracked by conventional radar. They present a serious risk to pilots worldwide, particularly in the immediate vicinity of airfields and airports. Drones are also used for criminal purposes such as drug smuggling and delivering contraband to prisoners. Additionally, security and intelligence services are increasingly concerned that terrorists could use drones adapted to carry small but lethal explosive payloads to attack locations targeted using GPS.   The risk to aircraft is growing at an exponential rate. Analysis…

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South Korean Financial Regulator and the Government Pledge to Support Cryptocurrency Transactions

Source: Btcmanager.com

The period of uncertainty in the South Korean cryptocurrency ecosystem has become much more clear, as authorities have pledged they will henceforth support the growth of the sector. Victory for Crypto Investors Cryptocurrency investors now have peace of mind as the head of South Korea’s financial regulator, and watchdog has said that authorities will support cryptocurrency trading. On top of the trading clause, the government will encourage banks to carry out virtual currency-related transactions. On February 20, 2018, the chief of South Korea’s Financial Supervisory Services (FSS), Choe Heung-sik, noted that Korea’s cryptocurrency space now has the support of the government. Heung went on to say that authorities will have no issues with virtual currencies transactions that follow the latest guidelines created by the government and regulatory authorities. In a meeting with major Korean cryptocurrency exchanges, Choe reiterated that the…

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Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments

Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments
Source: Bitcoin.com

The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Proposal to Legalize Cryptocurrencies The chairman of the State Duma Committee for Economic Policy, Sergey Zhigarev, proposed the legalization of cryptocurrencies at the recent parliamentary hearings in the State Duma on the development of the digital economy, Tass reported on Tuesday. He believes that it will attract foreign investments, including from countries that have imposed sanctions on Russia. He was quoted saying: The legalization of digital currencies as a means of payment can help attract investments from foreign countries, including Western ones with sanctions, so we have an instrument that will help us attract the capital we need today. “There will be a…

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Bitcoin Price Under $10k As Big Resistance Triggers ‘A Few Days Of Bears’

Bitcoin Price Under $10k As Big Resistance Triggers ‘A Few Days Of Bears’
Source: Bitcoinist.com

Bitcoin price dropped below $10,000 again Thursday as analysis warns traders to prepare for “FUD” from detractors. $11,700 The Target To Beat Data from Bitstamp showed a sudden $500 dip over three hours, taking Bitcoin from around $10,300 to current lows of $9677. Having traded as high as $11,762 this week, markets appeared to encounter a lack of support closer to $12,000 Wednesday, creating a rapid drop and reversing gains which began around February 17. “We’re seeing some weakness; this is not good,” analyst Tone Vays told viewers during a Bitcoin weekly chart performance analysis Thursday. #Bitcoin Morning Brief – The Daily Bearish Posture of $BTCUSD has made the 4hr bounce short lived… what can we probabilistic expect next…. TL;DR: FUDhttps://t.co/G77E3hIkIP — Tone Vays [#Bitcoin] (@ToneVays) February 22, 2018 Others mirrored the sentiment behind a temporary fresh downturn, with the…

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Minexcoin Releases Upgraded Roadmap, Announces Debit Cards, Atomic Swaps, Green Algo and other 2018 goals

Minexcoin Releases Upgraded Roadmap, Announces Debit Cards, Atomic Swaps, Green Algo and other 2018 goals
Source: Themerkle.com

Blockchain solutions company, MinexSystems, has released its updated roadmap for the year 2018, sending a wave of excitement throughout the crypto community. In a move that is bound to inject some confidence back into a market whose performance has been very encouraging these past few months, MinexSystems announcement reveals their firm plan for making decentralized payment viable for both crypto community and the general public. Disclosure: This is a Sponsored Article Revealing that 2018 will be the year for a viable decentralized payment system for the mainstream market, the company behind Minexcoin and MinexBank plans to lead the way through its forward-thinking roadmap. MinexSystems’ roadmap is geared towards creating a decentralized payment ecosystem that is fast, secure, and has none of the drawbacks of existing systems. Built round its MNX cryptocurrency, the roadmap updates the progress of the platform’s existing…

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Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States

Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States
Source: Dailysatoshi.com

The post Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States appeared first on CCN Stock brokerage app Robinhood has begun rolling out its new cryptocurrency trading platform to users in 5 states. Beginning Thursday, users who pre-registered for Robinhood Crypto will begin receiving emails inviting them to participate in an early access program for the platform, which allows investors to trade cryptocurrencies, stocks, and exchange-traded funds (ETFs) side-by-side on The post Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States appeared first on CCN The post Stock Brokerage App Robinhood Launches Cryptocurrency Trading in 5 States appeared first on Your Daily Satoshi.

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What Is Viacoin?

What Is Viacoin?
Source: Themerkle.com

Even though Bitcoin is still the world’s leading cryptocurrency to date, it is not the only currency people should be paying attention to. Thousands of altcoins exist as of right now, yet only a select few will achieve their goals in the future. Viacoin is not your average altcoin, as it has some interesting features that make it stand out. What is Viacoin Exactly? While most people know Viacoin as just another cryptocurrency with a Scrypt mining algorithm, there is a lot more to this project than meets the eye. It is also one of the early adopters of Scrypt merged mining, which means one can mine Viacoin alongside other supported currencies without losing hashrate. Under the hood, the Viacoin project has some very interesting features to take note of. It’s also 25 times faster than Bitcoin in terms of transaction speed….

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Investing App Robinhood Launches Crypto Trading in 5 US States

Investing App Robinhood Launches Crypto Trading in 5 US States
Source: Coindesk.com

Mobile app stock trading provider Robinhood has formally launched cryptocurrency trading, rolling the new service out to five U.S. states today. The company says that residents of California, Massachusetts, Missouri, Montana and New Hampshirecan can now buy or sell bitcoin and ethereum using the new Robinhood Crypto platform. The service will also allow investors to track 14 other cryptocurrencies, including bitcoin cash, litecoin, XRP, ethereum classic, zcash, monero, bitcoin gold and dogecoin. In first announcing the new offerings last month, Robinhood said the move was part of a push to bring cryptocurrencies to a wider audience of investors, using a platform which “democratizes” trading by expanding the pool of possible investors through its mobile and web-based apps. According to its website, the company makes both traditional and cryptocurrency trading more accessible by offering “zero commission trading” to its customers. The…

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BubbleTone and ShoCard Partner to Provide Advanced Identification For Decentralized Telecom

BubbleTone and ShoCard Partner to Provide Advanced Identification For Decentralized Telecom
Source: Bitcoinist.com

Barcelona – Feb. 22, 2018 – BubbleTone, the first blockchain-based ecosystem for telecom, today announces a partnership with ShoCard, the market leader in blockchain-based identity verification, to offer advanced authentication for the global telecom ecosystem.  BubbleTone has developed a blockchain-based platform to bypass expensive international roaming, instead directly connecting mobile operators and travelers. This allows the subscribers to buy mobile plans from the local network provider at local rates. For wireless providers, this eliminates the need to establish and maintain highly expensive inter-operator roaming agreements, which are the primary reason for high retail roaming prices. Direct connection by a foreign traveler to the local mobile network is made by downloading the mobile operator’s profile to the customer’s SIM-card. The authentication of the end user’s digital identification is made possible through ShoCard’s patented solution. ShoCard uses public and private key encryption…

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Last Day to Join Giftz and Enjoy Their All Time High ETH Deal

Last Day to Join Giftz and Enjoy Their All Time High ETH Deal
Source: Coinidol.com

Feb 22, 2018 at 14:57 // News The loyalty rewards program Giftz is ending their initial coin offering this thursday, and to celebrate a successful fundraising they are keeping their promise and making your Ether worth more than ever! But it is only until February 22nd, or even earlier, if the few remaining tokens are sold out!  What is Giftz™?  The Giftz program will allow any business to create their own white labeled “tokenized points” using their base token, creating value for your customers on the blockchain. Use tokens for customer acquisition, retention and ongoing engagement. These tokens can be rewarded in many ways along a customer’s omnichannel journey to-and-after a sale. But it is not just for merchants, it is also a powerful tool for buyers. By allowing you to collect and utilize their tokens in a variety of…

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Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin

Bug at Japanese Government-Approved Zaif Exchange Let Users Get Free Bitcoin
Source: Bitcoin.com

Have you ever dreamed about buying bitcoin for only $1,000, $100 or even just $10? What about a round at $0? Some fast and sharp eyed customers of the Japanese exchange Zaif had this opportunity just last week thanks to a bug in the system. The company isn’t going to let them get away with it however. Also Read: 66% of Funding to Stop the AI Apocalypse Comes from Crypto Donors $20 Trillion Glitch Zaif, a Japanese bitcoin exchange run by Tech Bureau Corp, has revealed that it had a brief system glitch which allowed clients to trade cryptocurrency for the very affordable price of 0 yen. The glitch, which affected Zaif’s price calculation system, lasted for 18 minutes from 5:40 p.m. to 5:58 p.m. local time on February 16. The company announced on Tuesday that seven users obtained quantities…

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Esports Champion and NA Player of the Decade Danny ‘fRoD’ Montaner Joins the TriForce Tokens ICO

Esports Champion and NA Player of the Decade Danny ‘fRoD’ Montaner Joins the TriForce Tokens ICO
Source: Themerkle.com

UK-based blockchain gaming solution, TriForce Tokens, has added another leading luminary to its eminent advisory board. Counter-strike world champion and former manager of renowned esports team FaZe Gaming, Danny Montaner, has been unveiled as the newest member of the board. He joins the revolutionary gaming ecosystem as an advisor, topping off an already impressive acquisition of members which stems from mounting interest in the startup. Disclosure: This is a Sponsored Article World-class Partnerships TriForce Tokens has been garnering widespread attention and acclaim, especially from multiple organizations spread out all over Latin America gaming market – the second largest gaming market. These organizations share one strong desire; revolutionizing the gaming industry through TriForce Tokens’ groundbreaking technology. The platform’s notable partnerships include; successful venture capitalist David Drake, and Coventry University, UK. David Drake, who founded the US Crowdfund Intermediary Regulatory Advocates (CFIRA)…

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Bitcoin Price Ebbs Toward $10,000 as Mid-Week Slump Continues

Bitcoin Price Ebbs Toward $10,000 as Mid-Week Slump Continues
Source: Dailysatoshi.com

The post Bitcoin Price Ebbs Toward $10,000 as Mid-Week Slump Continues appeared first on CCN The market’s mid-week slump continued on Thursday, as just three of the index’s 100 largest cryptocurrencies managed to post single-day increases against the US dollar. Following the day’s bearish pivot, the Bitcoin price is at risk of dropping below $10,000, while other top coins continue to shed market share. Altogether, the cryptocurrency market cap took The post Bitcoin Price Ebbs Toward $10,000 as Mid-Week Slump Continues appeared first on CCN The post Bitcoin Price Ebbs Toward $10,000 as Mid-Week Slump Continues appeared first on Your Daily Satoshi.

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