Where are the Next Global Hotspots for Bitcoin Mining?

bitcoin mining

Bitcoin (BTC) mining operations are becoming more and more popular. Only a few years ago, Bitcoin mining was taking place on a home computer. Nowadays, entire companies are being built around the idea. Enormous mining farms are being established and are filled with top-of-the-range processors and graphics cards to earn as many coins as possible. Unfortunately, this comes with a downside.

China has caused much disruption to the cryptocurrency market in the past few weeks as it begins to crack down on mining operations that are consuming too much of the country’s power. In addition, the …

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UK ‘Should Look At Bitcoin, Crypto Very Seriously’ – Theresa May

The UK prime minister Theresa May has said the government “should be looking at cryptocurrencies and Bitcoin very seriously.”

‘We Need To Look At It’

In rare direct comments to Bloomberg at the ongoing World Economic Forum 2018 in Davos, May went on record to state that crypto’s possible use “particularly by criminals” is cause for additional scrutiny from lawmakers.

“…It is something that has been developing, obviously, increasingly developing; I think it’s something that we do need to look at,” she added.


May was speaking on the more general setup regarding tech companies and internet regulation in the UK both before and after Brexit, which chancellor Michael Hammond told Davos audiences had “no chance” of a U-turn.

bank of England

The Bank of England has taken a noticeably measured stance on cryptocurrency as its reputation grows, while the UK has come in for criticism for its lack of progress on developing hard-and-fast laws about the use of Bitcoin and altcoins.

Earlier this month, the Bank added it was still “researching” the possibility of a national cryptocurrency but currently had no plans to implement one.

The UK’s Plodding Progress

A comparatively laissez-faire approach from the UK with an emphasis on ironing out regulations in future meanwhile echoes recent calls from neighboring France to adopt an international policy on Bitcoin.

Minister for the Economy Bruno Le Maire earlier this month repeated his intention to have Bitcoin as a major topic of debate at the upcoming G20 Summit in Buenos Aires, scheduled for March.

While keeping silent on Blockchain as part of the country’s digital future, May highlighted artificial intelligence as an area in which she hoped the UK would strengthen its attractiveness for international business post-Brexit.

“I think there are huge opportunities in relation to tech companies and in particular in the area of artificial intelligence, where the UK already has a leading edge,” she continued.

“I want to see us developing that for the future.”

What do you think about Theresa May’s comments on Bitcoin? Let us know in the comments below!

Images courtesy of Shutterstock

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Price analysis – New entry point is waving


BTC is still leading the market, but the trend is turning to bulls, a new entry point is waving.



Resistance: $11,650 & $13,000, support: $9,900 & $9,230.


Data feed from AICoin


Basically, the bullish trend of broad market has been formed, though BTC is still suffering from the possible bearish factors, trend is inclining to bulls however main funds try to depress the price and accumulate chips. Even if there’s a bearish policy ahead, the market is expected to suffer less loses than it did on September 4, the possibility for a correction can’t be excluded,. Target can be set near $15,000.


Chasing after dips is not recommended though bulls are stronger than bears, but you can try to go long when price dips and pay special attention to the risks. Setup with heavy positions is also not recommended before bearish factors are completely digested.



Resistance: $1,693, support: $1,480.


Data feed from AICoin


Strength of current rally seems weak as BCH follows the trend of broad market. Besides, BCH has come to the end of the oscillating triangle area on hourly chart with signs of an upward breakout. The breakout in BTC price is the only thing that BCH needs for a surge.


In case of a fake breakout, special attention should be paid to volumes when price breaks above the triangle area, besides, chasing high is also not recommended as BCH may be blocked by the possible bearish policy.



Resistance: $1,150, support: $1,000


Data feed from AICoin


ETH gets straight to the point and bounces with decent strength as usual. Currently, ETH remains well above $1,000 and holds a great chance to test the resistance area near $1,150.


ETH holds greater risks when compared with BTC as it shows greater strength during rally. Even if you set up long positions at a low level, being cautious is still recommended.



Resistance: $30, support: $28.


Data feed from AICoin


ETC stopped dipping further yesterday and turned stable in price move, sharing a similar move pattern with LTC. More gains can be expected if ETC breaks above the resistance area near $30, target price can be set at $40.


Though it’s difficult to pull ETC down by dumping chips as it closely follows the broad market in price move, the breakout in ETC price still needs the assistance from BTC price. Positions can be set up in advance, when price skyrockets, adding to your positions is recommended.



Resistance: $187, support: $171.


Data feed from AICoin


LTC seems weak and shares a similar move pattern with BCH but not ETH. Since the strength when price dipped below the triangle area last night was insufficient, LTC is very likely to start next round of rally when the broad sentiment turns bullish.


Technically speaking, LTC still has enough room to climb, you can deploy your setup in advance.


Original by Eric Chau from Hashpai, translated and posted by AICoin Jami.

Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.

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Ripple Adds New Partners for xRapid Project

Most of the news about Ripple has been negative over the past month. The company’s XRP token has fallen from its great height by over 65%, so it is in need of a boost. That came this week when Ripple announced two new partnerships for its xRapid pilot project.

According to reports, a telecommunications company and an international payments specialist will be the latest to use Ripple’s highly volatile currency as part of their money transfer operations. The companies are publicly traded IDT Corp, a New Jersey-based telecommunications provider, and MercuryFX, which offers discounted foreign exchange rates.

Ripple XRP Bitcoinist

xRapid Project

Ripple has launched a project called xRapid which facilitates global money transfers by using XRP as an intermediary currency. As the remittance market grows, so does the need for instant, low cost, and transparent transfers.  According to the company blog, global remittances, which include flows to high-income countries, were estimated to be $596 billion in 2017.

Ripple claims that with xRapid and XRP, financial institutions can eliminate the need for costly intermediaries or pre-funded Nostro accounts in destination currencies.

New Partners

The addition of new partners who will be actively using xRapid and XRP is paramount for Ripple, which needs to steer away from the notion of its cryptocurrency being just a vehicle for speculation. Leading global currency exchange provider MercuryFX wants to develop a more efficient and transparent customer service that works in real time. CEO and founder Alastair Constance said:

Ripple, XRP and fiat currency fit hand in glove. What we’re doing together is realizing one of the best use cases for frictionless transactions, which is international settlement. xRapid allows us to drive down the cost of currency exchange and global settlement, making our customers more competitive and saving them tens of millions of dollars each year. Digital assets promise fast transaction speeds but XRP is far faster than all of them, including bitcoin. Cutting settlement times from hours and days to just three seconds or less will remove billions of dollars in unnecessary intermediary fees.

Ripple xRapid

Telecommunications company IDT also want make sure their customers can send low cost global payments. Senior vice president of IDT’s consumer payments business, Alfredo O’Hagan, said:

Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process. We’re excited to pilot Ripple’s xRapid solution for on-demand liquidity. We expect that xRapid will enable us to settle more transactions in real-time and at a lower cost.

XRP is currently trading at $1.44, down from a high on Jan 18th of $1.92. Its market capacity is currently $56.1 billion, according to Livecoinwatch.com.

[Disclaimer: the author of this article is a holder of Ripple (XRP).]

Will Ripple’s XRP make a comeback? Add your views in the comments below.

Images courtesy of Pixabay and Bitcoinist archives.

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Did You Know: Rapper 50 Cent Made Millions from Bitcoin

Rapper 50 Cent

Those who follow the music industry know that Curtis Jackson — better known by his stage name 50 Cent — was at one time considered one of the most successful and wealthy rappers on the planet. But little do we know is that some of his vast wealth (despite controversies surrounding his bankruptcy filing in 2015) can now be attributed to bitcoin.

Back in 2014, 50 Cent became the first in the industry to accept bitcoin as payment for his album “Animal Ambition.” At that time, bitcoin was valued only around $662 per BTC. According to …

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Invisible War: How to Stop Being Screwed by Centralized Crypto Exchanges

The impetus behind Bitcoin’s success is, without doubt, society’s increasing demand decentralize money. Rapidly growing dissatisfaction with banks and governmental monetary policies have led people to seek new methods of storing and transferring value that would eliminate intermediaries, central authorities and regulators.

Being controlled by an algorithm and maintained by a decentralized community of miners, blockchain-based cryptocurrencies have created endless opportunities for the underbanked and unbanked. Add to that the decreased risk of fraud, censorship, and forced inflation, and it’s no wonder that cryptocurrencies have gained so much popularity.

Like all new technologies, however, there are growing pains. As the cryptocurrency market grew, a major flaw became evident – a rigidly centralized infrastructure that was too critical to the ecosystem to be able to do anything other than grin and bear it for years.

Our New Crypto Overlords

Our New Crypto Overlords

We are, of course, talking about the cryptocurrency exchanges. Back in the days of Bitcoin’s infancy, when cryptocurrency felt more like a brilliant game than anything else, we did not have a need for these institutions. Coins were stored in personal wallets and transferred in a peer-to-peer fashion.

But then Bitcoin became a valuable commodity, while at the same time dozens – hundreds – of new alternative cryptocurrencies (altcoins) were being introduced. Handling multiple cryptocurrency wallets quickly became cumbersome and, with the growing interest in altcoins, coupled with tokens becoming more popular, small trade forums could no longer keep up with growing demand.

Given the explosion of the crypto market, it was, perhaps, inevitable that someone would come along and create a large platform for cryptocurrency trading. Frequent and large-scale switching between crypto and fiat money required a traditional point of exchange. Those platforms had owners who became the intermediaries and guarantors, overseeing and facilitating thousands of trade contracts daily which were no longer trustless.

In the world of blockchain and cryptocurrency, which we see as being free, decentralized, and trustless, these centralized exchanges are a self-defeating concept. But what other alternative did crypto traders have at the time? We were, as they say, caught over a barrel. So the crypto community willingly handed their tokens and money into the custody of these new intermediaries, trusting that they would be safe. Mt. Gox, Bitstamp, Cryptsy, and other exchanges taught us otherwise. Our cryptocurrencies were vulnerable on these centralized exchanges – both to the possibility of an outside hack and to the threat of unscrupulous exchange operators.

Hackers and shady operators aside, centralized exchanges suffer from serious inherent flaws. The worst of these flaws are a lack of transparency and prevalent censorship. While it might never be proven, some exchange hacks are still thought by some to have been inside jobs and there is no getting around the fact that exchanges can make or break the fate of a token by virtue of their ability to unilaterally decide which tokens to list.

Making Cryptocurrency Decentralized Again

Iran Catches Crypto Fever

With the advance of blockchain technology and smart contracts, attempts were made to create autonomous decentralized exchanges meant to make the cryptocurrency marketplace a trustless and intermediary-free place again. This new breed of exchanges essentially provides the infrastructure for seamless peer-to-peer trading. This offers a number of very clear benefits compared to centralized exchanges:

  • No centralized points of failure that can be easily compromised.
  • No verification is required which guarantees anonymity and high accessibility.
  • Since there is no ‘owner’ operating these exchanges, they are immune to price manipulations, inside jobs and account freezes.
  • Users retain complete control of their digital assets. Decentralized exchanges do not require that users store funds on online servers, instead allowing users to trade directly from personal wallets.
  • All interactions are run on tokens’ main blockchains which guarantees transparency and security.

Even with all the obvious benefits, decentralized exchanges have so far failed to gain the popularity of their centralized counterparts. Ironically, the reasons they should technically be better than centralized exchanges are the reasons why they remain unpopular.

Being non-profit services, decentralized exchanges suffer from slow trading engines and an extremely limited set of market instruments. Lack of even the most basic trading features like margin trading and lending make them ill-suited for active day-trading or speculation. As a result, most traders prefer to take risks for the sake of the features and more reliable performance that centralized exchanges provide.

Hybrid Solution

A hybrid solution

Today we are standing on the cusp of a major paradigm shift. The cryptocurrency market reached unthinkable heights last year and cryptocurrencies are becoming a widely used commodity. At the same time, with unrelenting hacker attacks and governmental pressure, it is just a question of time until the next centralized exchange goes kaput.

A new solution is needed – one that mitigates the risks inherent in centralized exchanges while offering the tools and performance that traders need. The team at EXPREAD believes that they have found that solution.

EXPREAD co-founder Tamar Menteshashvili states:

The system is a hybrid model effectively designed to combine the advantages of decentralized and centralized cryptocurrency exchange infrastructure and governance features.

Combining the best of both worlds, EXPREAD boasts sophisticated functionality and high-performance engine combined with high security, fully transparent and auditable operations, joint governance, and no single point of failure.

In a nutshell, while EXPREAD ecosystem will retain the concept of individual centralized exchanges, said exchanges will be connected in a seamless ecosystem all sharing one order book, trading engine, and liquidity pool.

With a shared liquidity pool, anyone will be able to create and maintain their own node of exchange, achieving formidable decentralization and great synergy value from the network effect as an added bonus.

Leo Liu, CEO of EXPREAD, notes:

2018 promises to be an important year for our platform as the team puts forth a global agenda in order to ensure its fast and sustainable development through acquiring strong partnerships and further funding.

He further adds:

We are inviting the active crypto enthusiasts to join our telegram global community in order to gain more insight directly from the founders and technical team of the platform.

Like other decentralized exchanges, however, the success of this platform depends upon global adoption and a loyal community of traders willing to maintain this infrastructure for the common benefit.

For more information about EXPREAD please visit expread.io and download the project whitepaper.

What are your biggest complaints about centralized exchanges? Decentralized exchanges? Do you feel that EXPREAD can address these problems? Let us know in the comments below.

Images courtesy of Shutterstock, Den of Geek

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Stripe is Dropping Bitcoin Amid Growing Difficulties With The Currency


Source: Stripe

Online payment processor Stripe announced on Twitter today, that it will no longer support Bitcoin (BTC) payments on its platform, citing ‘fewer and fewer use cases for which accepting or paying with Bitcoin makes sense’.

Stripe product manager Tom Karlo released a gentle-yet-cutting blog post this afternoon outlining the company’s decision to break up with the world’s largest cryptocurrency. ‘Over the past year or two,’ he explains, ‘Bitcoin has evolved to become better-suited to being an asset than being a means of exchange.’ Not entirely useful for a payment application, therefore.

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Tron (TRX) Update: First Beta Launch Scheduled for End of March

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Tron just announced some long-awaited news, that many TRX enthusiasts were anxiously waiting to hear.

Source: medium

Announced by the Tron Labs on Medium, Tron’s “Exodus” will be launched on March 31st and it will show the main network functions. TRON, at its core, is a decentralized content protocol on the basis of the blockchain. Its main purpose is to establish a worldwide free content entertainment system. Every user is able to own, distribute and store data freely within its protocol.

Justin Sun, Tron’s founder, stated in the latest press …

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South Korea ‘Legalizes’ Cryptocurrency Trading, Bans Anonymity

South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading.

6 Banks On Board For Change

In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit trades from customers whose name matches their bank account. Foreign citizens, both native and non-native, will not be allowed to trade.

“Establishment of the system for ‘real name verification of deposit and withdrawal accounts’ for settlement will be completed by January 30, 2018,” the FSC documentation reads.*

So far, six of Korea’s major banks have signed up to implement the required monitoring changes following collaboration with the government on inspection of anonymous exchange trading accounts earlier this month.

These are Shinhan Bank, Nonghyup Bank, Industrial Bank, Kookmin Bank, Hana Bank and Gwangju Bank.

Exchanges Prepare In Advance

In reactions to the setting in stone of the new way of trading cryptocurrency, major exchanges presented various requirements for users.

Korbit, one of the leading platforms along with Bithumb, told customers to open an account at Shinhan specifically in order to continue trading.

“To use the new KRW deposit method, which is slated to be implemented within this month, you must have a Shinhan Bank account registered under your legal name. Please use this time to create a banking account at Shinhan Bank,” a post states.

South Korea Bans Bitcoin Futures As Authorities Consider Crypto Income Tax

Foreign-based customers had been able to gain access to the Korean market through virtual bank accounts and other tools, but they, along with minors, now face a moratorium of undetermined length.

On Monday, Seoul also addressed the issue of taxation on cryptocurrency exchanges, which are now obliged to pay a corporation tax and local income tax for 2017 profits amounting to 24.2%.

Markets continued to fall slightly through Tuesday, with the cementing of Korea’s official regulatory position on crypto trading having little effect on overall flat sentiment.

*This quotation is extracted from the first PDF file available in attachments via the source link.

What do you think about the latest news from South Korea’s cryptocurrency exchange regulation? Let us know in the comments below!

Images courtesy of Shutterstock

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Is Our Internet Outdated?

As much as technology has evolved, there are still some inefficiencies and issues with the existing solutions for network infrastructures. Companies often rely on big and heavy systems.

Setting up a server, for instance, can be quite expensive, since even virtualized solutions require a physical infrastructure. Whichever solution is adopted, there is always a great level of vulnerability. As evidenced by recent news of faulty Intel, AMD and ARM chips, the hardware that sustains these services can be easily hacked, and the costs of replacing or fixing faulty or vulnerable hardware are too high.

For other necessities, such as data storage, most companies turn to the Cloud. Despite the fact that 90 percent of the companies trust the system to store their data, many worry about security issues such as data loss, data privacy or confidentiality breaches.

So, is our Internet outdated? Titanium Blockchain Infrastructure Services certainly thinks so. And to address these issues, it is introducing a new solution that allows for the virtualization of a companys entire network infrastructure in a safe environment, by offering an IaaS (Infrastructure as a Service) that works on a dedicated Ethereum Blockchain.

Bringing experience to the table

It was having those issues in mind that Titanium Blockchain Infrastructure Services was founded. Founder, Michael Stollaire, is deeply familiarized with Enterprise Infrastructure Management, as he has almost two decades of experience leading EHI, a major technology consultancy that specializes in managing infrastructures.

As the frontman of EHI, Mr. Stollaire has acknowledged the struggles that concern all sorts of companies, from small and medium enterprises, to giants like Apple or Microsoft, and has put together an experienced team of Blockchain Technology, Business Management and Internet Network Infrastructure Management experts to develop the best solution.

With the expertise gained through the years, plus a strong client portfolio, Titanium has much to gain with its connection to sister company EHI.

The solution

Titanium is offering companies the possibility of easily setting up a cheap and safe enterprise level network infrastructure, by using any device such as a laptop, desktop, smartphone or a tablet.

The aim is to create a shockproof distributed network infrastructure that will replace the system that runs the Internet today. By taking away the need for inefficient hardware, TBIS is aiming to build a better Internet, one that is not vulnerable and is widely available for all.

The system is using an IaaS that runs on a dedicated Ethereum Blockchain to provide virtual and decentralized routers, firewalls, servers, storage, and databases.

This solution can reduce costs while guaranteeing a safer and more efficient network. The system can detect any faults and run autonomous healing actions to fix them and is prepared to transfer operations to a different network of redundant nodes if a device falters, thus guaranteeing 100 percent uptime of all devices, applications, and services.

Being based on the Ethereum Blockchain, the system is extremely safe, but it is also prepared to limit the potential impact of DDoS or other address-specific attacks.

You can still invest

An experienced team and innovative product have granted TBIS ICO a Dun & Bradstreet (D&B) and Better Business Bureau (BBB) accreditation.

The ICO has been launched on Jan. 1, 2018 and is running for approximately 60 days or until the hard cap is reached. The BAR token will be used as a way of paying for the services within the TBIS system and is being sold at an exchange rate that has been pegged to the USD value of ETH.

Titanium has created 60 mln BAR tokens and will not create any more in the future. Out of the total, 60 percent (35 mln) will be sold to investors, 20 percent will go to the TBIS team, 10 percent is going to the community bounties and the remaining 10 percent will be allocated for the reserve pool. Any unsold BAR will be burned.

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