REBGLO – Bringing Sustainability in the Cryptocurrency Domain

rebglo

According to the reports, the cryptocurrency mining process requires three times more energy than digging up gold that is worth a dollar. In fact, global Bitcoin mining alone has transcended the energy consumption of some nations including Ireland in recent years. Evidently, the environmental impact of this enormous processing requirement has still not been accounted for by the crypto-landscape.

REBGLO – Addressing the Critical Impediments  

The REBGLO is a digital currency project that works with the concept of ‘Reboot Globalization’ and ‘Reproduction and Globalization.’ The project aims to leverage state-of-the-art technology to bring an eco-friendly approach towards crypto-mining process and offer greater efficiency and economic benefits. REBGLO intends to accomplish its objectives via its powerful solutions that include:-

Data Transmission System (DTS)

Typically in a traditional crypto-mining process, miners have to read and reconstruct the collected data across multiple unoccupied spaces on the disc, making it a complex and lengthy process.  This system is primarily designed to solve scalability issues and reduce power consumption in cryptocurrency mining. When tested the technology exhibited a 17.2% improvement in hash/s.

Benefits of using DTS system in virtual cryptocurrency mining:-

  • Extend Improved Computing Performance

By accumulating all the relevant data for processing on the central memory, and integrating it with instruction parallelization during the crypto-mining process, DTS improves the operational performance on a higher level.

  • Provide Augmented Mining Speed and Revenue

DTS system allows miners to gain mining income at higher levels than combinations including conventional mining software and mining computers.

HETTARER Technology

REBGLO is an unconventional electromagnetic sticker that adjusts elementary particles into a constitution state. Once collected, these particles develop a protective layer that opposes electromagnetic noise, which is responsible for reducing the battery longevity. HETTARER stickers were developed in Japan. They basically use conductive paper to gather the charged particles from electric currents emitting from the device and air naturally. These stickers come with a lifespan of 60 days and are currently available for smartphones and many other battery-operated gadgets via http://hettarer.biz/shop.

Furthermore, these particles are then enhanced by the heat occurring from the battery, that offers subdued charging times and elongated battery life. By solely applying the sticker on the back of the device, users can improve the overall battery performance by 20-40%. These effective hacks can also be used on car batteries and other battery-operated household appliances.   

HETTARER Technology Boosting Crypto-Mining  

HETTARER can also be leveraged to reduce the high frequency of electric devices by 90%, thereby notably doubling the efficiency of the crypto-mining. HETTARER sticker is proven to improve both data mining speed and its results. The statistics showed that within the span of 24 hours, the sticker revealed a 133% increase in Monero data mining and a 114% improvement in Monero mining within 48-hours by multi-currency mining pool of MinerGate.

REBGLO – Safe, Secure, and Efficiency Crypto-Mining Solution

REBGLO project aims to offer effective and powerful software as well as hardware solutions in order to improve the existing cryptocurrency mining process. The company in near future aims enter into the ‘Electric Power Business’ and ‘Energy’ business and develop its own electric power company. Through its efforts, the company plans to address environmental issues associated with crypto-mining as well as extend the landscape a more efficient mining environment that reduces the complexities and increasing the chances of making better profits.

For more info Visit :

Website : http://rebglo.nz/

Facebook : https://www.facebook.com/NAGAMEsticker/

Twitter : https://twitter.com/Rebgloofficial

Youtube : https://www.youtube.com/channel/UCusBEZjmEPABbAGTCKfcQuA

Instagram : https://instagram.com/Rebgloofficial

Disclosure: This is a sponsored press release

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Crypto Community Reacts to Tether Admitting USDT Not Fully Backed

According to the company behind it, stablecoin USDT is not fully backed by fiat currency deposits. It was revealed today that the controversial crypto asset firm Tether only holds around 74 percent of the total value of USDT’s current circulating supply.

Tether and the crypto exchange Bitfinex are currently defending allegations from the New York Attorney General’s office that the latter borrowed $600 million from Tether to stay afloat after the trading venue reportedly lost $850 million. The dramatic shortcomings are thought to be the result of Crypto Capital, a Panama-based payments processor that Bitfinex used, having assets frozen in various nations around the world.

USDT Not Backed 100%, But Did Anyone Think That it Was?

An affidavit filed by Stuart Hoeger, the general counsel at both Tether and Bitfinex, has today claimed that the stablecoin crypto asset USDT is only backed by around $2.1 billion. This falls short of the $2.8 billion worth of USDT currently in circulation. The document states:

“As of the date [April 30] I am signing this affidavit, Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing approximately 74 percent of the current outstanding tethers.”

He also details that a credit agreement between Tether and Bitfinex did indeed exist and was in place “for the protection of the virtual currency market.”

According to a memorandum by Tether’s defence lawyer, Zoe Phillip of Morgan Lewis, there is no need for each USDT token to even be backed by a dollar:

“According to the Attorney General, the line of credit needed to be frozen because it improperly impairs the reserves Tether would use for redemptions. The Attorney General appears to believe that Tether must hold $1 in cash fiat currency for every dollar of tether. These allegations are wrong on multiple levels.”

Hoegner’s affidavit seems to support this by highlighting that the stance of the company had officially changed with regards the 100 percent backing of USDT in recent months. Given that this was widely reported at the time, it seems a wonder firstly that anyone was even continuing to use USDT when numerous other stablecoins now exist and secondly, why the news of the New York Attorney General’s allegations against the two companies should drop the price in the way it did last week.

Crypto Community Reacts to Tether and Bitfinex Legal Troubles

The CEO of social trading platform eToro, Yoni Assia, took to Twitter to opine about the revelation’s likely impact on crypto prices. He mused on the likelihood of a potential Bitcoin price pump if the news causes people exit USDT en masse. Ultimately, however, he admits that the shady goings on between Tether and Bitfinex will be negative for crypto. Although, he is sparse on specific details.

Meanwhile, independent crypto researcher and analyst Hasu seemed to hint that the debacle would inevitably invite greater regulatory scrutiny to exchanges, which could in turn damage the utility of Bitcoin and other crypto assets:

Cardano (ADA) founder and Ethereum (ETH) co-founder Charles Hoskinson used the news to draw attention to the fact that banks routinely operate on far lower reserves than those admitted by Tether today. This sentiment was also echoed by RT’s Max Keiser and many others.

Ultimately, such a comparison is largely redundant, however, as any form of fractional reserve backing USDT the anti-thesis of what many people in crypto signed up for when they got involved with the industry. Larry Cermak, an analyst with The Block, stated that comparisons between the percentage reserves held by Tether and those of the average bank ultimately ignore the shady goings on of the crypto exchange Bitfinex. He went as far as to state that both companies are guilty of pathological lies:

The Tether/Bitfinex saga is far from over yet. NewsBTC will continue to bring you coverage of the legal hearings as they develop.

 

Related Reading: Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally

Featured Image from Shutterstock.

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Cryptocurrency Security Threats Are Keeping the Market Down

From the start, Bitcoin has been seen as something of a ‘behind closed doors’ asset. With SilkRoad and other black market sites been heavily Bitcoin dependent, the image has not been good. 


While this has begun to change, and the general public has started to hear more positive reports, things are still touch and go. And the main cause of the loss of consumer confidence in the cryptocurrency is the almost incessant security breaches that plague the industry.

A quick summary

Because Bitcoin is a digital currency, the potential for hacking is extreme. Of course, this is also true of banking institutions that handle digital funds, but it seems more prevalent in cryptocurrencies. In fact, the total for stolen funds in cryptocurrencies crossed $1.3 billion—a massive amount of loss for an industry just ten years old.

And, for those who think the direction is positive, and security is improving, statistics show that more than 61% of the losses occurred in 2018. It seems that as values for cryptocurrencies increase, the motivation to steal them increases proportionately.

Seeking solutions

This increase in security failures is due, in large part, to the early stage of adoption of the industry. While banks have had thirty years of digital transactions to improve security, Bitcoin has been around just ten. The nascent technology has left gaps for some to exploit, and exchanges are the biggest culprit.

But beyond simply security threats, exchanges are often their own worst enemy. For example, the recent news of the death of the CEO of QuadrigaCX, and the loss of his personally held private keys for investor funds only highlights the need for better and stricter exchange policies.

This has led investors to pursue new and more secure exchange options, and particularly those with financial backing. Exchanges that refuse to move toward security and fiscal responsibility will eventually be left on the sideline.

Secure and backed

One such example of this new exchange model is FT Exchange or FTX for short. The company has the backing of Alameda Research, responsible for more than $1 billion in trades. With this level of external support, the exchange offers a level of investor security that is rarely available in the cryptocurrency world. Plus, they have created some of the tightest security protocols around.

Other exchanges are coming into the market or seeking to enhance their value proposition as well. The main goal is to allow the freedom of financial transacting that has characterized Bitcoin and cryptocurrencies, while at the same time protecting investor funds. This sort of ‘safe/freedom’ model has been tricky to provide but is growing.

Of course, as with most assets, Bitcoin and cryptocurrencies can be stored offline for maximum security. Simply storing private keys on a hardware or paper wallet will make the coins effectively 100% safe for users. But this defeats the purpose of a cash/payment methodology originally conceived by Bitcoin creator Satoshi Nakamoto.

Crushing the market

As security threats continue, the adoption cycle for Bitcoin has begun to slow. No wonder the euphoria of 2017 turned into the crypto winter of 2018. What seemed a great opportunity for quick returns turned into a security nightmare.

And, convincing banks and business owners to offer cryptocurrency support for payments and transfers is an uphill battle. The risks associated with moving into the space are dramatic. And, given the risks, the cost associated with creating the necessary security protocols can be dramatic.

Of course, those costs can be offset by market gains and profits. And, the current bull run that Bitcoin is experiencing should provide additional incentive. However, the end game of market adoption won’t be easy to achieve without massive change.

Whether Bitcoin and its cryptocurrency cousins eventually grow in adoption remains to be seen. However, the great need in the market is not another low-security exchange startup. Instead, the market must find ways to bring well-funded, secure exchanges online for consumers to use. Without these types of market enhancements adoption will stagnate and the market will be crushed before it reaches maturity.

The post Cryptocurrency Security Threats Are Keeping the Market Down appeared first on Bitcoinist.com.

Tether Lawyer Shocker: Only 74% Backed by Cash, How Will Bitcoin React?

By CCN.com: According to an affidavit filed with the Supreme Court of the State of New York by Stuart Hoegner, the general counsel to Tether and major bitcoin exchange Bitfinex, only 74 percent of Tether’s holdings are backed by cash. “As of the date I am signing this affidavit, Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing approximately 74 percent of the current outstanding tethers,” the affidavit read. The affidavit sparked debates within the cryptocurrency community. Some industry executives argued that Tether’s 74 percent holding could be considered relatively high

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Bitcoin Cash blocks tagged with “Satoshi Nakamoto,” rumors of impending attack

Mysteriously, 25 percent of mined Bitcoin Cash blocks are being tagged with “Satoshi Nakamoto.” Given the May 15th hard fork as part of a scheduled protocol upgrade, it is rumored that the tagging is a miner signaling 51 percent attack.

Since Apr. 25th, beginning at 03:22 PDT, blocks began to appear on the Bitcoin Cash blockchain tagged with “Satoshi Nakamoto” in the mined blocks.

Source: Blockchair

Normally, blocks have a section for data referring to previous transactions. However, since a block that is mined has no parent transactions, the section can have arbitrary data and contain messages. Bitcoin’s genesis block famously contained, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

According to Nikita Zhavoronkov, an information security specialist and the lead developer at Blockchair:

“Given that there’s going to be a hard fork on May 15th and there’s a new entity with such an allusive tag, I’d speculate that there will be a 51%-attack or a split attempt.”

As of Apr. 30th, 11:35 PDT the elusive miner has mined a total of 361 blocks yielding 4512.5 BCH worth $1.15 million. Roughly two-thirds of these blocks were tagged with “Satoshi Nakamoto.”

According to WhatToMine, the miner is also foregoing profit to mine Bitcoin Cash. Currently, BCH is less profitable to mine than BTC, suggesting the miner is “keeping the chain slightly unprofitable (~5%),” as said by another commentator.

Consequently, some miners may switch to mining BTC, allowing the mysterious miner to control an even greater percentage of the Bitcoin Cash network’s hashrate.

SHA256 coins sorted by profitability on WhatToMine

Given the miner controls more than 25 percent of the network’s hashrate, there are several different attacks they could execute.

Explained: Bitcoin 51 Percent Attacks
Related: Explained: Bitcoin 51 Percent Attacks

The miner could mine empty blocks, choosing not to add transactions to the blockchain and thus cause congestion on the network. Or, they could orphan blocks by timing the solution to blocks, causing transaction delays. If the mysterious miner’s hashrate increases, they could conduct a 51 percent and reorganization attacks on the network—double spending or reversing transactions. For more information on different kinds of attacks read here.

It is still unclear whether the miner is a profit-seeking lone actor or an entity associated with Craig Wright and Bitcoin SV.

The post Bitcoin Cash blocks tagged with “Satoshi Nakamoto,” rumors of impending attack appeared first on CryptoSlate.

Dow Would Go ‘Up Like a Rocket’ with Trump’s Desired Interest Rate Cut

By CCN: If you think the Dow Jones Industrial Average has had a good run, you haven’t seen anything yet. President Trump wants to see interest rates slashed by 1%, which has the potential to unleash further gains in an already historic bull market for stocks. On a day when progress surrounding U.S. and China trade talks has shown the most promise yet, he’s looking to the rival economy as a model. He compared the Fed’s recent history of “incessantly” raising rates despite “very low” inflation with China’s “great stimulus” coupled with their low interest rates. When do you ever

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US-Based Traders Dominate Crypto Trading, More Than Next 5 Countries Combined

The United States has long been one of the world’s most important economies, having a massive influence on the overall global economy and often helps to shape economic policy all over the world. It’s no surprise that the the country dominates the Bitcoin and overall crypto market similar to how it does other financial markets.

A new report on the global distribution of crypto traders based on exchange traffic shows that not only the United States as the dominant country in all of crypto trading, it has more crypto traders than the next five ranked countries behind it combined.

Bitcoin Traders Across the Globe: United States Leads the Crypto Charge

In a new published report by cryptocurrency and blockchain analytics firm Datalight, the company has revealed the results of a detailed analysis on the global distribution of Bitcoin and altcoin traders by country. The research looked at website traffic from “the 100 most popular crypto exchanges” to determine the rankings.

The report reveals, “as expected” the United States leads crypto trading “by a long distance.” Bitcoin and other altcoin traders in the country account for over 22 million visits per month.

Related Reading | Sell in May and Go Away? A Look At Historic Bitcoin Price Performance in May 

Following behind the US is another one of the world’s most important economies, with Japan being home to over 6 million monthly crypto traders. Japan has also been home to a number of hacks over the course of the last couple years, and the abundance of crypto traders in the country may be part of the reason.

Image courtesy of Datalight

In third is Korea, home of Samsung and other tech-forward companies that have recently warmed up to the crypto space. Korea is also home to many cryptocurrency projects, such as ICON (ICX).

The UK follows in 4th place, with just under 4 million monthly crypto traders. Russian and Brazil ranked 5th and 6th respectively, with both garnering just 3.1 million monthly crypto traders each.

The United States and its 22.26 million monthly crypto traders amounts to more active traders each month than Japan, Korea, the UK, Russia, and Brazil combined, showing what a dominant economy the United States is.

Related Reading | Visualized: Bitcoin, Ethereum, Ripple, and the Rest of Crypto Battle for the Top Ten 

China is large missing from the list, despite being an economic superpower and having a massive population. China tightly controls the way its citizens interact with the internet, and hasn’t been welcoming to the new financial technology and asset class, which could be why the country is absent from the data.

The remainder of the top 20 countries by monthly crypto traders all have roughly 1-2 million monthly users.

The amount of crypto traders in the United States suggests that roughly 6.7% of the country’s population is actively trading cryptocurrencies, according to the data.

Featured image from Shutterstock

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Ethereum Gas Fees: Why Vitalik Buterin Might be Right or Wrong With His Proposals

Ethereum is the leading smart contract platform globally and it gave rise to the ICO world. The inventor of Ethereum is Vitalik Buterin, and he is in the eye of the storm for proposing new wallet fees.

 A few weeks ago, a particular news item made ripples through the crypto community. This wave came from Vitalik Buterin, creator of the Ethereum blockchain project. In it, he suggested charging a small fee for Ethereum transactions.

The money obtained from this fee, he said, should help fund the developers, and the project itself. Answers to his plea came in immediately and divided the community. Some people saw it as a good proposal, while others immediately shunned it.

So far, Ethereum hasn’t implemented such a policy. We don’t even know if it will. However, there’s an important question here: Is it really a bad idea?

Arguments for the change, or why developers need to eat

Software development is expensive. This is also true about blockchains and maintaining them. The detail is, developers working on projects have their own living costs. Vitalik’s proposal simply attempts to make sure blockchain developers are paid decent wages. That’s it.

There are reasons to support this even if you’re not a blockchain developer. Blockchain technology is very security-intensive, and coders need to always be on top of possible threats. And it is a fact that overworked, underpaid people can be a threat.

Vitalik’s proposal makes sense. Making sure those in charge of keeping our crypto safe is a sound investment.

There are further things to consider when it comes to charging for Ethereum wallet use, or any crypto wallet use. While free wallets could still exist, users would have to consider whether they should or not trust a free one. After all, they would be facing the risk that free wallets are more susceptible to hacks.

Vitalik’s proposed increase isn’t even huge, which is one of the reasons he defends his idea. The increase would amount to less than 7% of the current wallet fees. However, thanks to the massive amount of people using Ethereum, it would add up to over $2 million per year.

The idea, then, is to have all, or most, wallet users’ chip in to make sure wallet developers are paid. More importantly, part of that money could be reinvested to make wallets and blockchains more secure. It could even be used to finding new ways to use technology.

There’s another reason to give wallet and blockchain developers a good pay. As blockchain technologies enter the mainstream, more stress will be placed on these chains. In order to keep up with demand, more money will be needed to keep projects afloat.

Most blockchains are managed by companies with the means to maintain them currently, but that won’t necessarily be true a decade from now. As requirements and costs go up, many current-day blockchains and wallets might find themselves unable to make ends meet.

This idea only gets grimmer. Blockchain has been hailed mainly by free software and open source foundations. However, there’s nothing keeping corporate entities from creating their own. If costs get too high for current players to maintain a global blockchain, new players could step in.

Can you imagine an Amazon-owned blockchain? Government-owned ones?

While unlikely right now, these things need to be considered in the long run. Keeping the blockchain environment healthy is important if we want to avoid any such takeovers.

That’s not to say companies like Amazon can’t develop blockchains of their own. However, we must make sure their huge war chest doesn’t allow them to corner the market.

Arguments against, or why some things are better left alone

Most of the arguments that surfaced as replies to Vitalik’s proposal were, curiously, against it. This is particularly important because many of these comments came from the developers themselves.

That’s not to say developers don’t want to get paid – we all want to get paid. The problems they see are more of the social kind, along with fears of an IRS rush.

First: Ethereum wouldn’t be the first blockchain to ever implement such fees. It’s been tried before. Multibit, a once popular wallet for Bitcoin, tried to implement a system like this back in 2016. Less than a year later, the company folded as it found itself unable to keep running.

In Multibit’s case, the massive loss of users that came with its fee structure caused some of the problems. Also, Multibit had recently been acquired by another company, which might have changed the way the product itself was seen.

However, a question remains, which is whether Multibit would have been able to stay afloat with user numbers surging. This is important to consider, as it is possible that Multibit was simply not doing well already.

Still, many developers got a message from this: Users aren’t willing to pay for what used to be free. As it is, many see the idea of implementing such a fee as a potentially suicidal move.

There are other arguments, perhaps less convincing. The stronger ones relate to how such fees would be charged, and whether other fees could make sense, too. They attempt to extrapolate the same logic of “developers need to eat” into any set of charges, including government taxes.

Smart Contracts, Smart fees

Since the blockchain community has long shunned the idea of government regulation or taxes on crypto earnings, it’s easy to see why this got some sway. However, this argument suffers from the slippery slope fallacy. It assumes that allowing any kind of fees to be collected would imply collecting others, including government fees.

This logic is flat-out wrong, as crypto fees could start being charged at any time for legitimate reasons. But more importantly, if governments wanted to regulate cryptocurrencies and levy taxes on them, they’ll just do it. The IRS guys aren’t sitting in their chairs waiting for a blockchain to implement this so they can start taxing.

Another angle to explore might be the smart contracts opening. Many organizations already use smart contracts as innovated by Ethereum blockchain. Organizations could be levied to pay some sort of subscription fees for usage. This might free up funds to supplement developer’s earnings.

Fees paid by corporate users can be managed by Ethereum foundation and channeled to identified developers transparently.  This might be a better middle-of-the-road approach so that fee-paying doesn’t turn people away from wallet usage.

The Takeaway

This is certainly not the first time that fees on crypto transactions are bandied. It won’t be the last, either. The community is divided, and always will be about it. However, the one question that should be asked is -what might be better long-term?

Vitalik’s proposal was an optional one but carries weight because of who he is. He didn’t want a rule where transactions are fee-based, but instead for crypto developers to band together and make it a standard. It still was poorly received. In the years ahead, Vitalik might be viewed as a prophet you knew the way to go.

Image(s): Shutterstock.com

The post Ethereum Gas Fees: Why Vitalik Buterin Might be Right or Wrong With His Proposals appeared first on NullTX.

Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

By CCN: Millennials bask in knowing they are far more ahead of the technology curve than older adults. This is why their demographic has been more willing to embrace bitcoin as a long-term investment. But what about the stock market? Their proclivity toward crypto has led many to abandon good old fashioned stock market investing. This may prevent them from reaping the long-term gains inherent in buying the Dow Jones Industrial Average, S&P 500, and Nasdaq. Millennials’ Love Affair with Bitcoin There are no bigger champions of bitcoin than people who are under the age of 35. Harris Poll conducted

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BitPay Partners with Refundo for Federal and State Income Tax Refunds in Bitcoin

bitpay

Atlanta, April 30, 2019 – BitPay, the largest global blockchain payments provider, today announced Refundo, a leading provider of tax related financial products, is making federal and state tax refunds available in Bitcoin directly to taxpayers through BitPay’s Payouts. Refundo taxpayers can receive all or a portion of the federal and state tax refunds in Bitcoin using Refundo’s CoinRT product.

“We are thrilled to power Refundo’s CoinRT product. Refundo can now offer their customers a Bitcoin Payout for their tax refunds, meeting their customers’ demand for a more digital choice,” said Rolf Haag, Head of Business Solutions at BitPay. “Refundo’s integration joins existing BitPay Payouts used in global marketplace, affiliate programs and payroll, highlighting the high-speed and low cost of Payouts in Bitcoin. Whether they’re going around the corner or around the globe.”

Refundo emphasizes speed, low transaction fees, and serving the underbanked. By creating transparent and seamless experiences during tax season, underbanked customers are feeling more comfortable with payout processes. Most importantly, Refundo focuses on listening to the banking needs of low-income communities and serving them the best way possible, so anything that promotes and bridges this gap, is always on their radar.

“Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently,” said, Roger Chinchilla, CEO at Refundo. “Adding Bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees and regularly send money internationally. CoinRT enables them to get Bitcoin quickly and easily for one flat fee.”

Through Refundo, taxpayers create an account and are assigned a unique routing and account number to input on their tax return. Customers also provide all necessary background details for Know-Your-Customer Regulations as well as a Bitcoin wallet address. Once the IRS or state deposit the refund, BitPay processes the payment and the cryptocurrency is deposited into the taxpayers’ Bitcoin wallet.

Global businesses use their Dollars, Euro or other currency to fund BitPay’s Mass Payouts to Bitcoin for a simple 1% fee. Bitcoin is ideal for domestic and cross-border Mass Payouts because it is quicker, easier and more transparent than most mass payment methods. Bitcoin provides transactional transparency as every transaction is verified, recorded and stored on the blockchain. The transaction itself contains no sensitive personal information.

About Refundo

Refundo is a leading provider of tax related financial products and services. Founded in 2011, Refundo provides taxpayers and tax professionals products like: refund advances, refund transfers, payment processing, audit assistance, and a white-label mobile app to help connect tax business with their clients. Refundo has raised over $65 million to advance their mission of serving low-income communities nationwide. For more information, visit https://refundo.com/

About BitPay

Founded in 2011, BitPay is the pioneer and the most experienced company in bitcoin and blockchain payments. Its suite of products enables businesses to send and receive cross border payments, also enabling consumers to manage digital assets with the BitPay Wallet and turn digital assets into dollars with the BitPay Prepaid Visa® Card. The company has offices in North America, Europe, and South America and has raised over $70 million from leading investors including Founders Fund, Index Ventures, and Aquiline Technology Growth. For more information visit https://bitpay.com

The BitPay Visa® Prepaid Card is issued by Metropolitan Commercial Bank, member FDIC, pursuant to a license from Visa, U.S.A. Inc. “Metropolitan” and “Metropolitan Commercial Bank” are registered trademarks of Metropolitan Commercial Bank © 2014. Use of the Card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.

Image(s): Shutterstock.com

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BitMart Labs Will Co-Host 2019 Block Plus Summit Series 2 during New York City Blockchain Week

On May 11, BitMart Labs, an international blockchain incubator launched by BitMart Exchange, will Co-host the 2019 Block Plus Summit Series 2 in New York during the New York City Blockchain Week when the Consensus will take place. Other co-hosts are Spark Digital Capital, a leading NY based blockchain investment company, Asian American Bar Association of New York (AABANY)  and BlockTalk, a community focused social media app. The conference’s panel discussion topics involve blockchain research, technology, state of blockchain, the landscape of Security Token Offering(STO) market, platform wars and privacy protection in blockchain, Investment insights in blockchain and secondary trading

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Crypto-Specialist Economist Reveals Trick for Governments to ‘Kill Bitcoin’

By CCN.com: Saifedean Ammous, author of the Bitcoin Standard, appeared on the most recent episode of Stephen Livera’s crypto-economics podcast. Ammous spoke on several subjects, including a hyperbitcoinized future. What Would It Take To Kill Bitcoin? Livera spoke to the fact that a full government ban on Bitcoin would make people aware of the fact that they have little control over the money in their bank accounts. Ammous responded, in part: People think that if government were to just pass a law that bans Bitcoin, then Bitcoin goes away and they get to laugh at us, and that’s the end

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Dexon, an Enterprise-Level DApp Blockchain Solution Capable of 12,000 TPS Launches Mainnet

Dexon was launched in 2018 by Popo Chen, co-founder of 17 Media and Wei-Ning Huang, a former Googler in Taiwan. It is a highly scalable DLT that launched their Testnet in November 2018, which has reached the processing speed of 12,000 Transactions per second. Their mainnet launch is a comprehensive blockchain solution ready for enterprises to host their distributed apps. Currently, scalability is one of the biggest challenges that most crypto projects face. Compare 12,000 transactions per second to Bitcoin’s 7 transactions per second, Ethereum’s 15 TPS. Even in the top ten crypto projects — by market capitalization — the maximum speed is claimed

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Venezuela Pro-Bitcoin Opposition May Use Maduro’s Sanctioned Funds To Oust Him

Bitcoin adoption crucible Venezuela could end up using its own sanctioned funds to topple the government if plans go ahead for an “army” of foreign mercenaries.


Sources: Plans For ‘5000 Mercenaries’

As Reuters reported on April 30, Erik Prince, founder of the notorious private security contractor Blackwater, allegedly wants to use fiat currency locked up by foreign governments to finance an ongoing backlash against Nicolas Maduro’s regime.

Venezuela’s precarious political situation hit the headlines again Tuesday after opposition leader Juan Guaido suggested a military coup d’etat was underway against Maduro.

Venezuela

Guaido, a known Bitcoin advocate, is already recognized as the Venezuelan head of state by various western countries, including the US.

Having supported president Donald Trump, Prince likewise plans to call on support from the pro-Guaido group, according to details of a plan leaked to Reuters.

Specifically, he envisages an army of 5000 mercenaries – “Peruvians, Ecuadoreans, Colombians, Spanish speakers” – helping the opposition to overthrow the incumbent regime.

They would get financing from the offshore assets that foreign governments have quarantined due to Maduro’s behavior in recent years, two unnamed sources said.

According to them, Prince in addition “is seeking $40 million from private investors,” those including wealthy Trump supporters and Venezuelan expatriates.

“He does have a solution for Venezuela, just as he has a solution for many other places,” Lital Leshem, director of investor relations at Prince’s private equity firm, Frontier Resource Group, told Reuters, appearing to confirm plans were afoot for the region.

Venezuelans Vote With Their (Bitcoin) Wallets

As Bitcoinist reported, Venezuela’s persisting economic crisis has compounded desperation among ordinary citizens. The country’s fiat currency, a rebranded ‘Sovereign Bolivar’ (VES) Maduro introduced last year, suffers from inflation that is suggested to reach 8 million percent in 2019.

Predictably, Venezuelans have turned to Bitcoin en masse to circumvent capital controls and exposure to capital erosion, transacting more and more bolivars through decentralized platforms each week.

For the seven days ending April 27, that number hit almost 36 billion VES, a sign of the extent of inflation as volumes, in fact, dropped lower in Bitcoin terms.

Maduro has attempted to divert attention away from uncontrollable decentralized cryptocurrencies, instead of appealing to foreign investors to buy state-issued Petro, a crypto token facing sanctions of its own.

The government had already taken a hardline stance regarding citizens’ obligations to shore up Petro, enforcing Petro-only payments for some government services such as new passports.

Even before its issuance, critics claimed the new currency had nothing but bad debts backing it, which themselves were many times the size of its market cap.

Why do Venezuelan’s prefer Bitcoin? Share your thoughts below!


Images via Shutterstock

The post Venezuela Pro-Bitcoin Opposition May Use Maduro’s Sanctioned Funds To Oust Him appeared first on Bitcoinist.com.

Bitcoin (BTC) Steady as IEO is on the Cards for BitFinex

  • Bitcoin (BTC) consolidate among bears
  • BitFinex considering an IEO to raise $1 billion

It may take weeks, but whales are already lining up $300 million in USDT to shore BitFinex, and maintain community’s trust. While Bitcoin could dip, strong support is at $4,950.

Bitcoin Price Analysis

Fundamental

Well, there is development around USDT, Tether Limited, and BitFinex. The exchange may be one of the most liquid and perhaps, trusted moving around five percent of Bitcoin’s daily trading volumes. It could be higher when the space is calm but with a string of controversies towing BitFinex and the toxicity around iFinex and mistrust around Tether Limited could end up irreparably damaging the exchange’s reputation.

Days after minting $300 million in USDT and coincidentally, hackers moving 200 BTC, iFinex is under the radar of the New York Office of the Attorney General. However, the exchange’s executives are adamant, maintaining that no funds are lost and would recover the $850 million of Tether Limited reserve funds. Even so, reports show that they are planning for an IEO intending to raise $1 billion.

While the timing may be horrible, it is their insistence that BitFinex will only receive USDT and not Bitcoin (BTC) as most crowdfunding projects do. That is unique and further calls into question the USDT-USD peg which in turn heaping pressure on Bitcoin affecting premiums which continue to widen.

Candlestick Arrangement

Bitcoin BTC

At spot rates, Bitcoin (BTC) is up 1.6 percent in the last day, changing hands at around $5230 according to streams from CoinBase. From the charts, it is clear that bulls are resilient. In a steady uptrend, we expect prices to reverse Apr-25 losses since we now have a double bar bear reversal pattern in a strong uptrend.

The fact that prices are finding support at around the middle BB as BTC consolidate within Apr-25 high low, in the short-term points to bears. It’s easy to see why. Firstly, there is a surge of participation and driving Apr-25 bears are above average volumes. Secondly, the failure of bulls to edge higher wiping out losses of Apr-25 in a trend continuation phase hints of underlying bears.

Because of this, our recommendation is to take a bear stance. After that, the direction of the breakout would guide our short to medium trend. All the same, any drop below $4950 support line could see BTC retest $4,500 in a deserved retest.

Technical Indicators

For trend continuation or retest, participation is critical. Any break above $5,600 must be with high volumes exceeding 18k of Apr-25. Similarly, any break below $4950 must be with high volumes exceeding 18k triggering a sell-off towards $4,500.

Chart courtesy of Trading View

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Bitmain-Backed Japanese Crypto Exchange Liquid Readies US Launch

By CCN: Liquid, a Bitmain-backed Japanese cryptocurrency platform operated by Singaporean crypto exchange Quoine, plans to expand into the United States. Liquid hopes to on-board U.S. clients by January 2020. In an April 29 statement, Liquid said it partnered with a consortium of crypto and fintech investors called Virtual Currency Partners (VCP). The two entities then launched a joint venture called Liquid Financial USA, which will manage the U.S. expansion. Liquid Co-Founder and CEO Mike Kayamori says he’s making the move into the United States in response to “widespread expressions of interest” from Liquid’s corporate and institutional customers. Liquid USA,

The post Bitmain-Backed Japanese Crypto Exchange Liquid Readies US Launch appeared first on CCN

Elon Musk tweet sends Ethereum interest on Google surging in minutes

On April 30, Tesla CEO Elon Musk mysteriously tweeted “Ethereum,” engaging with Ethereum co-creator Vitalik Buterin.

Almost immediately after the release of Musk’s tweet, the interest in Ethereum on major search engines including Google spiked, most likely as it drew interest from the mainstream.

Although the tweet itself had minimal impact on the overall trend of Ethereum on Google Trends throughout the past 12 months given the large demand for Ethereum in early 2018 when ETH was priced at over $800, it showed that the broader market remains unaware of Ethereum and the rest of the cryptocurrency market.

Musk Shows Curiosity About Etereum

To Buterin, Musk asked about the type of applications and platforms that can be built on Ethereum that would maximize the potential of blockchain technology.

Buterin stated that on the Ethereum blockchain protocol, a globally accessible financial system, an easily verifiable registry of data, micropayment channels, and new governance models can be built among many other applications, sharing a wide range of applications that could benefit from the decentralized structure of the blockchain.

Buterin explained via tweet:

The Ethereum co-creator also shared other potential use cases of Ethereum and blockchain protocols in general, such as micropayment systems to reward publishers, a reputation system for individuals with limited resources, and decentralized DNS alternatives.

A General Increase in Crypto Interest

In recent months, some of the biggest companies in the global market in the likes of JPMorgan, Facebook, Kakao, and Samsung either have already developed crypto assets or are reportedly designing blockchain projects of some sort.

CoindeskKorea, a publication operated by a mainstream media outlet in South Korea called Hankyoreh, reported that Samsung is in the process of developing a mainnet for Samsung Coin and the company has already run various tests internally.

The publication’s source said:

“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains. The market expects Samsung Coin to come out, but the direction has not yet been decided.”

Most newly emerging blockchain projects and crypto assets are expected to launch on major protocols as a start, like Ethereum, due to the simplicity of the ERC20 token standard.

But, it remains uncertain whether cryptocurrencies at the current stage of development can handle the large transaction capacity major corporations would require.

Dogecoin surges 68% in past week, Elon Musk jokes about it on Twitter
Related: Dogecoin surges 68% in past week, Elon Musk jokes about it on Twitter

The Musk tweet raised a debate amongst cryptocurrency developers and researchers on the efficiency of second-layer solutions of Bitcoin, Ethereum, and other blockchain networks at their current form and whether they can realistically handle a platform that requires many transactions per second.

For instance, if Tesla is to incentivize drivers with a crypto asset or enable a digital asset as the native currency of an internal system, it is unclear if existing cryptocurrency systems would be able to support it.

Over the long run, developers generally expect second-layer solutions like Bitcoin’s Lightning Network and Ethereum’s Plasma to become sufficiently robust to support a high number of micropayments instantaneously.

The post Elon Musk tweet sends Ethereum interest on Google surging in minutes appeared first on CryptoSlate.

Ripple (XRP) Add 4.5 Percent But is it Overpriced?

  • Ripple (XRP) up 4.5 percent
  • Critics argue that the coin is overpriced

At third, Ripple (XRP) prices are steady, bouncing off primary support at 30 cents. Even so, commentators say there is an overvaluation despite institutional, High net worth investors channeling their funds in Q1 2019.

Ripple Price Analysis

Fundamentals

True, the space is sophisticated and with a mix of start-ups, analysts, supporters, developers and speculators, it may appear an arduous task to navigate. At one-point Ripple Inc, the independent company that owns a majority of XRP, always have to explain their position. While it is clear that institutions are flowing in, purchasing the coin in droves, critics are never yielding, and on Ripple Inc case regardless of good news.

“While the price of XRP decreased, the average XRP daily volume was $595.28 million which is on par with XRP daily volume from Q4 2018. Besides, XRP’s correlation with other top digital assets remained consistently high throughout the quarter.”

An observer is of the view that the world’s third most liquid coin is over-priced at spot rates. As it is, Ripple (XRP) is trading at 30 cents against the USD. However, he reckons that if XRP is indeed a settlement coin, a liquidity provider that businesses would use for converting fiat with no incentive of holding then the currency ought to trade below one cent. That is if the coin would dominate, first the multi-trillion FX market which is the world’s most liquid market.

“Why XRP is highly overpriced? Assuming it is no. 1 use case is as a settlement currency, and no one would want to hold on to XRP longer than necessary to reduce price risk, even a price of 0,0043 USD/XRP would be high enough to settle the entire FX volume of $5.1 trillion per day.”

Candlestick Arrangement

Ripple XRP

After last week’s meltdown, Ripple (XRP) may be back to its feet. Although it is not as steady and firm with sell pressure in smaller time frames, the fact that it did snap back to trend, is bullish.

Note that our initial stance will not change. Despite the meltdown, we are bullish on the coin, and the correction of Apr-25 close below the lower BB and undervaluation off the main support line affirms buyers of Jan 30.

Regardless, we shall be neutral until after prices reverse losses of Apr-24-25 complete with large transaction volumes above 34 cents in a trend resumption phase. Before then, our laid out XRP/USD trade plan is correct.

Technical Indicators

Our reference bar in light of recent activities is Apr-25. It has high volumes of 34 million against 19 million. Despite today’s bull bar, we need above average volumes—exceeding 19 million– to drive prices above Apr-24 highs at 32 cents towards 34 cents before risk-off traders load up on dips. Targets are at 40 cents and later 60 cents of Dec 2018.

Chart courtesy of Trading View

The post Ripple (XRP) Add 4.5 Percent But is it Overpriced? appeared first on NewsBTC.

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto.

Also read: How to Create a Bitcoin Cash Wallet With Cashaddress

Federal and State Tax Refunds Using Blockchain Payments

U.S. taxpayers now have the ability to get all or a portion of their federal and state tax refunds back in bitcoin core (BTC), according to the latest announcement from the Atlanta-based company Bitpay. The firm recently partnered with Refundo, a leading tax service provider founded in 2011. Refundo provides taxpayers with professional financial services alongside refunds, advances, and refund transfers.

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

The company says the partnership with Bitpay allows for a transparent and seamless experience during tax season. Refundo believes the underbanked could benefit from a refund experience tied to crypto because it could help bridge the gap for individuals with alternative banking needs.

“Refundo offers several options to help taxpayers receive their tax refunds safer, faster and more conveniently,” Roger Chinchilla, CEO at Refundo, said during the announcement. The tax service provider added:

Adding bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees and regularly send money internationally. Coin-RT enables them to get bitcoin quickly and easily for one flat fee.

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

‘Demand for More Digital Choice’

The new Coin-RT product offers taxpayers an account and they are given a unique routing and account number to input on their tax return. Refundo users who want a refund in BTC must provide identification for KYC purposes and a valid BTC address. When the federal and state deposit comes in, Bitpay sends the crypto to the taxpayer’s wallet. Rolf Haag, head of business solutions at Bitpay, remarked that the Atlanta company is thrilled to help power Refundo’s new solution.

“Refundo can now offer their customers a bitcoin payout for their tax refunds, meeting their customers’ demand for a more digital choice,” Haag pointed out. The Bitpay executive also emphasized that the Refundo and Bitpay collaboration bolsters Bitpay payouts and payroll used in the global marketplace.

The partnership with Refundo follows Bitpay’s recent partnership with the leading global technology solutions company Avnet (Nasdaq: AVT). Avnet has also decided to accept crypto through Bitpay’s services for various products and services. Bitpay believes Avnet clientele and customers getting refunds from Refundo will benefit from the high-speed settlement and low-cost payouts delivered by blockchain payments. Speaking with a representative from Bitpay, news.Bitcoin.com asked the company whether the Refundo payouts will support bitcoin cash (BCH), to which Bitpay responded that at this current time they will only be in BTC.

What do you think about the recent partnership between Bitpay and Refundo giving U.S. taxpayers the ability to get refunds in BTC? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Bitpay, and Refundo.


Enjoy the easiest way to obtain bitcoin online! Download your free bitcoin wallet and head to our purchase bitcoin page where you can buy BCH and BTC securely and store it in a noncustodial fashion.

The post Bitpay and Refundo Now Provide Tax Return Payouts in BTC appeared first on Bitcoin News.

Bytom (BTM) Airdrop is Coming to Bittrex International

29th April 2019, San Francisco, USA – Bittrex International announced a BTM Airdrop promotion with Bytom for eligible Bittrex International BTM holders. 80,000 Bytom (BTM) tokens will be distributed as a one-time airdrop to Bittrex International Bytom (BTM) holders. Eligible users must hold more than 100 BTM to receive the airdrop tokens. 80,000 BTMtokens will be distributed in proportion with the amount of BTM each user has in their Bittrex International account. Snapshot of Bittrex International account balance will occur on May 6, 2019 at 12:00 PM, PDT. Bytom public blockchain is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different

The post Bytom (BTM) Airdrop is Coming to Bittrex International appeared first on CCN

‘Satoshi Nakamoto’ is Mining Over 40% of Bitcoin Cash, Sparking Fears of 51% Attack

By CCN.com: According to blockchain data and CCN/Hacked reporter Greg Thomson, an anonymous miner who embeds the words “Satoshi Nakamoto” into all of the blocks they mine currently controls more than 40% of Bitcoin Cash’s hashrate. Satoshi Nakamoto is killing it in Bitcoin Cash mining There are multiple running theories as to the intent behind amassing so much hashpower, beyond the pure profit motive of mining Bitcoin Cash. Mining Bitcoin Cash is generally a profitable endeavor, despite reduced transaction fees that are accrued on the more spacious chain. There is less competition, which means miners with significant investment earn more

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Ptarmigan becomes the fourth commercial Lightning Network client

On April 30th 2019, the Japanese developer group Nayuta has announced the mainnet launch of Ptarmigan, the fourth commercial protocol implementation of the Lightning Network. In the two-page press release it’s mentioned that the software follows the BOLT (Basis of Lightning Technology) specifications, is focused on building a light and accessible client. It’s also stated from the second paragraph that the current version is still buggy and “reckless” (a warning label which started out as criticism but was embraced by the community of early adopters).

Nevertheless, Ptarmigan aims to become the “small footprint” Lightning Network software, which is able to run on hardware as weak and affordable as the Raspberry Pi Zero (whose main board costs only $5). In this regard, the Japanese company invites users, developers and reviewers by preparing a software image that can be easily deployed on Microsoft Azure.

Furthermore, they are offering 100 boards in exchange for the cost of parts, so that early adopters can connect Arduino to a Raspberry Pi Zero which runs the Ptarmigan software. Shipments of these components is set to take place in early July, and those interested can apply on the Nayuta Lightning shop.

Lightning Network applications (LApps), development software which eases the process of creating new such applications, as well as crypto exchange service and token payment software are also in works. More details can be found on the Ptarmigan GitHub repository, and a demo video has been released to showcase the simplicity and lightness of the client.

Ptarmigan and other mainnet Lightning clients

So far, the other three Lightning Network clients built on the BOLT specifications are Lightning Labs’ lnd implementation, Blockstream‘s c-lightning, and ACINQ’s eclair. All of them are open-sourced, focus on specific features and characteristics of Lightning development, and are built using different programming languages (Go, C, and Scala respectively).

Ptarmigan is unique in the field thanks to its focus on low-power hardware. It’s not just about features and applications, but about building the kind of software that even a $5 computer can run. In many ways, it becomes a way of making the Lightning Network accessible to the masses.

Being the youngest of the four protocols released so far, Ptarmigan is also expected to be the buggiest and in need of most testing. Correspondingly, the team at Nayuta has made sure to create ways for the community to get involved and improve the software. While the roadmap is still unclear and we have yet to see any of the LApps vaguely mentioned in the initial press release, it’s good to have another implementation that tries to solve existing problems in an open way, so that development and mainstream interest receive a boost.

Nayuta’s launch also proves that the Lightning Network is a technology that software developers worldwide find interesting. It adds up to the credentials of the second layer protocol, and gives community members another reason to feel positive that the development is on the right way for greater adoption.

Image: DuckyDeathly on Weasyl

Read more:

Running a Bitcoin node in 2019: becoming a first-class citizen

Interview: Blockstream’s Allen Piscitello on Liquid and Lightning

Interview: Pierre Rochard on the Node Launcher, Lightning Network, and Bitcoin

 

The post Ptarmigan becomes the fourth commercial Lightning Network client appeared first on Crypto Insider.

‘World Isn’t Paying Attention to Bitcoin’ – New Twitter Data Finds

twitter attention bitcoin trends

According to the source Bit Info Charts, Bitcoin-related tweets are at their lowest level in 5 years. The figure has drawn ire from cryptocurrency speculators that the world has lost interest in Bitcoin — but is this really the case?


One Twitter use Revin Rooke made the following conclusion:

There were 16,710 tweets yesterday, but roughly 30k Bitcoin tweets per day in 2015. The world (outside crypto Twitter) isn’t paying attention to Bitcoin.

Although Rooke’s claims have some merit, there is also a ton of evidence to suggest that the world is, in fact, paying close attention to Bitcoin.

Number of unique Bitcoin addresses per day

Despite the fact that the number of tweets overall has fallen, the number of unique bitcoin addresses has increased parabolically as can be seen from the below graph.

The graph notes that at the time of writing this article, the number of unique addresses is 529,636. per day.

We see the sharpest changes were around 2017 when bitcoin approached $20,000. Although the number of addresses dropped shortly after, the rate of new addresses maintained their similar trends even after bitcoin dropped to new lows.

Google trends

Additional evidence of the world’s interest in Bitcoin can be taken from Google trends. In this case, we’re measuring how popular the keyword “bitcoin” is over different time periods. Just like in the case of bitcoin wallet distribution, we can see a sharp increase in interest for the keyword “bitcoin” around 2017 before sharply tapering off.

However, what we could also be seeing is that 2017’s peak bought Bitcoin and the blockchain into mainstream awareness. Before the price went parabolic, bitcoin’s search interest had only anemic rallies, but now bitcoin appears to go through its own peak and troughs well ahead of the overheated market of 2017.

As Bitcoinist noted earlier, the term “buy bitcoin” seems to follow, and not lead the price of bitcoin, thus making it a lagging indicator similar to a simple moving average.

Local bitcoin volume surges 250% in Thailand

Another factor to Bitcoin’s credit is the surging local volume for local bitcoins in Thailand that increased by 250%.

price of bitcoin localbitcoins baht

The surge in volume was apparently attributed to a new wave of awareness of Bitcoin in the country, attributed to a ‘seasteading’ being towed by the Royal Thai Navy.

The home was home to a pair of two popular Bitcoin enthusiasts who were popular figures on social media.

Mt.Gox Coins Aren’t Moving for a While

Then there’s the ongoing lawsuit between CoinLabs and Mt Gox that has been covered extensively by Bitcoinist in the past.

Although the coins won’t move into circulation until 2020, when they do, we could expect a massive rally as the entity is suspected to hold 141,000 coins.

While it is true that the number of tweets of bitcoin has fallen, there are arguably more important metrics to look at before deducing if the world still cares about Bitcoin or not.

Google trends, for example, shows Bitcoin to be more popular than ‘Elon Musk’ and ‘SpaceX.’

The evidence we see from our sources all point to the fact that cryptocurrencies are here to stay and have solidified their positions in mainstream consciousness. Increasing price has shown to spark public increase as well. 

What do you think of Bitcoin’s interest today? Let us know in the comments below!


Images via Coin.dance, Google trends,  

The post ‘World Isn’t Paying Attention to Bitcoin’ – New Twitter Data Finds appeared first on Bitcoinist.com.

Ethereum (ETH) Respond After Elon Musk Tweet, ProgPOW Has the Funding

  • Ethereum (ETH) add 2.8 percent
  • ProgPOW funding secure, Berlin’s Least Authority to audit

Ethereum Price Analysis

Fundamentals

Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin. Besides, considering the infinite number of possibilities that the platform opens up for visionaries, it is understandable that the community reacts the way it did to a single one-word tweet by Elon Musk, the brains behind Tesla and Space X.

Although there is nothing to conclude because Elon is yet to reply—they may have taken their conversation offline, interest from such a leader is possible.

In other positive news, an Ethereum developer, Hudson Jameson, did confirm the raising of $50k as funding for auditing ProgPOW.

“The ProgPOW audit is going to be funded. Everyone has confirmed their funding. It should be started this week or next week hopefully. There’s just some logistics to work out, meaning people have to sign some paperwork and the funds have to be sent.”

He said the funding would help in the audit of ProgPOW, a code change that seeks to improve the efficiency of Ethereum GPU miners. By improving efficiency, ProgPOW will narrow the gap caused by ASIC miners ensuring complete decentralization. Least Authority, a Berlin-based company, will audit the code.

Candlestick Arrangement

Ethereum ETH

Price wise and Ethereum (ETH) like Bitcoin and Ripple (XRP) is bouncing off minor support as they snap to the primary trend. Although bears may have the upper hand because of bulls’ inability to close above $170 in a bull breakout pattern satisfactorily, the asset’s fundamental would likely spur demand, lifting prices.

Presently, there is a correction of Apr-25 losses. In a consolidation, prices are ranging inside Apr-25 bear bar. Technically, unless otherwise there is a surge above $180 and $190, sellers are in control from an effort versus result point of view.

Even so, immediate support lies at $145 or around Apr-2 lows. If bears flow back reversing Apr-2 losses with high volumes, then ETH may slide to $125 or lower in days ahead. That will confirm sellers of Q4 2018 and stir the next wave that may see ETH retest $100. On the flip side, a sharp spike blasting ETH above $190 will signal buyers of Apr-2 in a trend continuation phase towards $250.

Technical Indicators

In the short-term, Apr-25 bar anchors our trade plan. It has high volumes—160k, therefore any break above $190 or $145 must be with equally high volumes confirming or nullifying our ETH/USD trade plan.

Chart courtesy of Trading View

The post Ethereum (ETH) Respond After Elon Musk Tweet, ProgPOW Has the Funding appeared first on NewsBTC.

Bitfinex reportedly planning an IEO, IOTA partners transportation body of Austin, HTC to release new blockchain phone

Bitfinex is Reportedly Planning an IEO

Information from various sources in the crypto Twitter community suggests that Bitfinex plans to raise $1 billion via an Initial Exchange Offering (IEO). It has also been rumored that Tether (USDT) will be the means of payment for participation in the IEO.

Twitter user @DoveyWan broke the news with the following tweet:

Dovey Wan, a founding partner at Primitive Ventures, added that she got confirmation of the news from Bitfinex equity holders. She also considered the IEO a smart idea since a Bitfinex IEO that accepts Tether will reduce the Tether circulating supply.

Another member of the community, @Zirui shared the same information in the following tweets:

It is important to note that Bitfinex is yet to make any official statements regarding the IEO.

IOTA Partners Transportation Body of Austin, Texas

The IOTA project has partnered ATX Transportation, the official transportation body of Austin Texas, with the objective of innovating the transportation industry in the city.

The announcement was made at a 29th April event organized by both parties at the University of Texas (UT). Dominik Schiener, Co-Founder of IOTA, was in attendance as a guest speaker.

ATX informed its followers on Twitter about the partnership as well as the event held at UT:

We’re partnering with the nonprofit to bring the future of mobility to Austin. Learn all about it at a special event on Monday, April 29, at 5 p.m. on the UT campus. ATX and IOTA leaders will make an announcement, followed by a Q&A. More at bit.ly/atxiota

Neither IOTA nor ATX have provided further details on the partnership.

HTC to Release Another Blockchain Phone

In a bid to dominate a yet-to-boom blockchain phone market, HTC has unveiled plans to release its second blockchain phone. Phil Chen, the decentralized chief officer, revealed the information while speaking at an investment forum in Tapei on 26th April. Chen also made mention of the nascent blockchain industry’s great commercial potential.

According to Chen, the new blockchain phone will not be too different from Exodus 1, the electronics company’s first blockchain phone. The Exodus 1— launched in the 4th quarter of 2018— supports decentralized apps and cryptocurrency wallets.

HTC’s second blockchain phone is expected to be released before the end of 2019.

Read More:

PayPal throws its hat into the blockchain ring

Blockchain and crypto adoption on the rise in Asia

Tezos moves closer to zk-SNARKs protocol upgrade

The post Bitfinex reportedly planning an IEO, IOTA partners transportation body of Austin, HTC to release new blockchain phone appeared first on Crypto Insider.

Microsoft Under Fire After Hackers Access Outlook Emails to Steal Bitcoin

By CCN: Hackers infiltrated Microsoft Outlook email users’ accounts in order to steal crypto, including bitcoin. The scope of the cyber-theft is still as-yet undetermined, but it appears to be more expansive than first thought. One victim is Dutch engineer Jevon Ritmeester, who says a hacker gained access to Microsoft customer support workers’ login credentials. The hacker used this information to pore through Ritmeester’s Outlook emails to reset passwords and withdraw bitcoin from his accounts on cryptocurrency exchanges. Ritmeester is furious at Microsoft’s casual reaction to this egregious negligence. Crypto theft was apparent motive for hacks So far, Ritmeester says

The post Microsoft Under Fire After Hackers Access Outlook Emails to Steal Bitcoin appeared first on CCN

Expert Witness Testifies Against Craig Wright in Whopping $10 Billion Satoshi Nakamoto Lawsuit

By CCN.com: An expert witness has filed an affidavit in the Kleiman v. Wright case, which alleges that Craig Wright stole billions of dollars worth of bitcoins from Dave Kleiman either before or after he passed away. The Kleiman estate is seeking damages in the neighborhood of $10 billion. Wright is defending the case with tenacity and recently submitted a provably fake e-mail as evidence. One thing for sure: The e-mail was fake In response to this e-mail’s filing and Wright’s subsequent motion that it be stricken from evidence, an expert witness has filed an affidavit on behalf of the

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