The Internet May Be Next Victim of Coronavirus Pandemic – Netflix, Google, Apple and Amazon React

Internet May Be Next Victim of Coronavirus Pandemic Fears the EU, Netflix, Google and Amazon React

With an estimated billion people staying home, remote working or just watching shows online all day, telecom infrastructure is coming under great strain. Experts and companies are mostly saying that the risk is far from critical yet, but the EU has taken the possibility of the internet crashing very seriously. Netflix, Google, Apple, and Amazon have begun to restrict HD video streaming to reduce data usage in Europe.

Also Read: Encryption Standards Threatened Under Pretext of Battling Coronavirus

Coronavirus Crisis Hurts European Internet Infrastructure

The epicenter of the coronavirus crisis has squarely migrated from China to Europe these days. Italy bore most of the brunt, with the highest number of casualties so far, but Spain, France and other countries are also suffering the strong effects of the pandemic growing quickly. Governments have reacted by imposing curfews on citizens, closing borders, shutting down businesses and generally putting in place various restrictions on normal life in order to slow the spread of the virus and “flatten the curve”.

The main measure that everyday people were asked to take in response is to stay home and avoid any unnecessary trips outside the house. As such, it is no surprise that internet usage in Europe has spiked, with employees working remotely, students learning online and everybody streaming videos. This caused European telecommunication companies, such as Vodafone and Deutsche Telekom, to raise the alarm and the European Union soon reacted.

The EU Commissioner for Internal Market, Thierry Breton, revealed on Twitter that he has had discussions with Netflix CEO Reed Hastings and asked that the streaming service downgrades its broadcasts in Europe from high definition video quality to lower resolution. An hour of HD video from Netflix takes about 3GB of data and an hour of standard definition (SD) video takes about 1GB of data so the move could cut a significant amount of used bandwidth.

Video Streaming Giants React

According to recent estimates, video streaming services can account for more than 60% of global internet traffic, with Netflix alone responsible for 12% of online bandwidth around the world. The company was the first of the operators in the market to announce it will take measures to help with the situation in Europe.

“Given the extraordinary challenges raised by the coronavirus — Netflix has decided to begin reducing bit rates across all our streams in Europe for 30 days,” a Netflix spokesperson said. “We estimate that this will reduce Netflix traffic on European networks by around 25% while also ensuring a good quality service for our members.”

Google has also reduced bitrates on its subsidiary Youtube, where an estimated one billion hours of content is being watched every day. This reportedly happened after EU Commissioner Breton talked with Alphabet CEO Sundar Pichai and Youtube CEO Susan Wojcicki. “We are making a commitment to temporarily switch all traffic in the EU to standard definition by default,” the company said.

The Internet May Be Next Victim of Coronavirus Pandemic – Netflix, Google, Apple and Amazon React

Amazon has also taken similar measures on its Prime Video service. “We support the need for careful management of telecom services to ensure they can handle the increased internet demand with so many people now at home full-time due to Covid-19,” an Amazon spokesperson said. “Prime Video is working with local authorities and internet service providers where needed to help mitigate any network congestion.”

Disney has postponed the planned launch of its Disney Plus streaming service in France at the request of the local government while going forward with the plan in other European markets. It also said it will lower its overall bandwidth utilization by at least 25% in all of the markets launching Disney Plus on March 24, 2020. This will reportedly be done in response to an EU request to “ensure the smooth functioning of the broadband infrastructure.”

According to reports from European subscribers, Apple has reacted to the situation by downgrading the streaming quality of Apple TV Plus in Europe.

What do you think about the possibility that the internet will crash due to the global coronavirus crisis? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Tether Launches Stablecoin Token on Bitcoin Cash via Simple Ledger Protocol

Tether Launches Stablecoin Token on Bitcoin Cash via Simple Ledger Protocol

Tether, the world’s most popular stablecoin, will be using the Simple Ledger Protocol built upon the Bitcoin Cash network for issuing its tokens. Among other things, this means that millions of Bitcoin.com Wallet users will now be able to send and receive USDT via SLP tokens right within the app.

Also Read: Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models

Tether Joins The SLP Ecosystem

Tether, the venture behind the largest stablecoin by market cap, has announced the launch of its token on Bitcoin Cash via the Simple Ledger Protocol (SLP). USDT has a capitalization of over $5.5 billion, with the majority of tokens running on Ethereum as of today. Other cryptocurrency networks supported by Tether include Algorand, EOS, Liquid Network, Omni and most notably Tron.

Tether’s launch on SLP underlines its growing role within the cryptocurrency ecosystem. The protocol is an easy to use, robust and extensible token management system that allows anyone to create tokens on the Bitcoin Cash network in a permissionless way. It has helped the development of an ecosystem for BCH that replicates the variety of ERC20 tokens on the ETH network.

Tether Launches Stablecoin Token on Bitcoin Cash via Simple Ledger Protocol

“A key strength of Tether is that it is underpinned by a rich diversity of different blockchains,” said Paolo Ardoino, CTO at Tether. “Our latest collaboration with Bitcoin Cash will provide Tether with a variety of benefits. We expect the adoption after launch to be pretty easy for any integrator. The launch will also support more applications on the Bitcoin Cash chain, with Tether facilitating payment for these applications.”

The Simple Ledger Protocol

SLP tokens can easily be created, traded, and managed on the Bitcoin Cash blockchain within seconds, while costing users only fractions of a penny for each transaction. All transactions are recorded onchain, and custom token behavior can be defined using a bitcoin Script development language.

Following a recent upgrade, millions of Bitcoin.com Wallet users have access to SLP tokens right in the app. With built-in token management support, users can send, receive, and store a variety of tokens that represent anything from dollar-pegged stablecoins to virtual gaming assets and company loyalty points, with the private keys held only by the user.

Lightning-Fast New Bitcoin.com Wallet App Proves Popular With Over 10 Million Total Wallets Created
SLP Tokens in the Bitcoin.com Wallet

“It’s extremely exciting to hear that the world’s biggest stablecoin will be using the Bitcoin Cash Blockchain and that the millions of Bitcoin.com wallet holders will be able to send and receive Tether using SLP tokens,” said Roger Ver, Executive Chairman of Bitcoin.com.

What do you think about Tether launching on SLP? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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You Can Now Trade CS:GO Game Items Safely for BCH Through Blind Escrow on Bitcoin.com Local

You Can Now Connect Your Steam Account to Bitcoin.com Local and Trade CS:GO Game Items for BCH

Are you looking for a cool way to earn bitcoin cash privately instead of buying it directly? You can now connect your Steam account to the peer-to-peer marketplace Bitcoin.com Local and trade CS:GO game items for BCH via blind escrow. This is a great improvement for players who were previously vulnerable to scams and other risks as trading can now be done safely, without paying high fees, without KYC and without handing over control of your digital assets to any third party.

Also read: Bitcoin.com Exchange to Sponsor Decentralized Collectible Card Game Splinterlands

Bitcoin.com Local Integrates Steam Game Items

Bitcoin.com Local, the privacy-focused global marketplace for trading bitcoin cash (BCH), has integrated Steam inventory trading and now allows users to buy and sell CS:GO game items on the platform. All a seller has to do to create a new offer for such a game item on Local is to select CS:GO as the category, connect their Steam account via Open ID and provide a link for buyers to inspect the product on Steam. You can see all the new items already available for sale here.

If you have been living under a rock for the past few years, Counter-Strike: Global Offensive (CS:GO) is a wildly popular team-based multiplayer first-person shooter game published by Valve in 2012. It is played by as many as 11 million players per month, and is a staple of competitive gaming, with many tournaments around the world. Since December 2018, Valve offers the game free to play and gets its profits from the sale of game items.

Listing example

As such is the case, it is not a surprise that a huge market has developed around the trading of CS:GO game items, but the participants still suffer from a dependency on some centralized platforms. For example, when the dominant venue for trading CS:GO skins at the time (Opskins) was issued with a cease and desist order a couple of years ago, users got just 15 days to withdraw their skins from the platform and close to $2 million worth of items that hadn’t been reclaimed in time were lost forever. Bitcoin.com Local aims to change all that with the power of the Bitcoin Cash network, enabling users to list their items for sale without the risk of trusting any centralized 3rd party with custody.

The developers explain that by utilizing Blind Escrow, a feature created on the BCH blockchain, users can transact directly peer-to-peer without having to trust the other party or the exchange provider. With this technology, the developers have created a trustless peer-to-peer market for Steam game items. And unlike other solutions, users do not have to lock their items up with the exchange while they are listed for sale. This means they can continue to use their items in game until a buyer purchases their listing. Additional advantages include low fees, no burdensome KYC requirements, no restrictions on deposits or withdrawals, and no limits on price per item.

Preventing Scams With Blind Escrow

The trade of CS:GO items has been plagued by risks like chargebacks, sellers failing to send items after receiving payment, and third party custody failures. Bitcoin.com Local set out to solve this problem after community member Luke Lynch recognized that the platform’s blind escrow was the solution and reached out to the Bitcoin.com team. He explained:

When I first came across the trustless escrow technology built on top of the Bitcoin Cash network, I was impressed. Previously, I had seen many instances where third party escrow providers had exit-scammed users, resulting in the loss of funds.

Following the successful integration, users can now connect their CS:GO Steam inventory to their Bitcoin.com Local account and trade items without risk thanks to the platform’s blockchain-powered blind escrow, which protects both the seller and buyer. Sellers can set any price and will receive BCH for their items, which can then be sold for USD, EUR, and other fiat currencies directly on the platform. This contrasts Steam’s own Community Market, which limits the price to below $2,000 and prevents users from cashing their earnings out from the Steam ecosystem.

Local.Bitcoin.com/Steam/Buy

Sellers also pay significantly lower fees on Bitcoin.com Local: less than 1% compared with up to 15% on other platforms. Additionally, unlike trading platforms Bitskins and Skinbaron, they can continue to use items that are listed for sale. Luke concluded, “The idea of a trustless marketplace where users can list items for sale and then continue using them in-game, while also saving a huge amount on fees and not having to trust the reputation of the other party in the trade, or the escrow provider in the middle, is very appealing.”

Peer-to-Peer Private Trading Platform

Bitcoin.com Local was launched in June 2019, soon after the leading platform at the time removed the option for users to transact coins in person for cash. The platform lets traders choose any payment method they want for making transactions, including bank transfers, Paypal, Alipay, Venmo, cash in person and gift cards. And while many centralized exchanges are now forcing users to jump through hoops like submitting a selfie with their passport or government ID to prove their identity, Local enables you to trade anonymously and without any KYC, which has likely contributed to its rapid growth.

Beyond exchanging crypto for fiat, the platform recently added a dedicated portal for buying and selling anything else. This Marketplace is a Craigslist-like venue for listing goods to be sold for bitcoin cash. It can allow anyone to earn BCH directly by providing a service and gives bitcoin cash users another venue to spend their crypto in.

You Can Now Connect Your Steam Account to Bitcoin.com Local and Trade CS:GO Game Items for BCH

If you haven’t signed up yet, the process takes less than a minute. After getting an account you can immediately create offers or trades on Bitcoin.com Local. The exchange is protected by two-factor authentication, a wallet backup, and a blind escrow system for secure trading. The blind escrow allows people to trade without worrying about a third party or even Bitcoin.com touching the funds. You release the funds when you want to settle a trade and it’s technically impossible for our website to spend BCH held in escrow. Bitcoin.com Local can provide mediation for dispute resolution but the blind escrow system ensures only the buyer or seller authorizes a withdrawal.

You can see all the new CS:GO game items available for sale here.

What do you think about the ability to safely trade game items for bitcoin cash? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post You Can Now Trade CS:GO Game Items Safely for BCH Through Blind Escrow on Bitcoin.com Local appeared first on Bitcoin News.

Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH

Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH

Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS. This development comes just as competition in the crypto lending field is heating up.

Also Read: Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration

Binance Adds Bitcoin Cash to Lending Platform

Binance, the popular international cryptocurrency exchange with users from over 180 countries and regions, has announced the expansion of an interest bearing service to its users who hold three additional top cryptos including bitcoin cash. Binance Lending has now added ETH, BCH and EOS to the list of supported digital assets for flexible deposits. These join only BTC, BNB and two stablecoins which were available before.

Lending is a financial product that the exchange provides to its users to lend their idle crypto assets on the platform to Binance Margin, and earn interest for it. Flexible deposits is like a savings account for crypto, with the flexibility to redeem funds without a long term commitment and the simplicity of getting daily interest while margin traders are using your funds.

The individual maximum limit for bitcoin cash on Binance Lending was set to 1,000,000 BCH but the company says it will adjust interest rates and maximum individual limits on flexible deposits based on market and risk factors. From the point of view of the users that can afford to lend such an amount, the risks of holding any large amount on an exchange should also be considered.

Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH

Binance is always pretty quick to add support for bitcoin cash to new services it launches after an initial testing phase. In October 2019 it launched BCH trading on the decentralized exchange developed on top of Binance Chain, achieved by listing a token on the DEX which is backed by real bitcoin cash assets.

In December 2019 the company also launched BCH/USDT futures contracts with up to 75x leverage on its Binance Futures trading platform. Bitcoin cash was only the third digital asset made available on Binance’s futures trading platform, strengthening its position in the crypto derivatives market.

Cryptocurrency Lending Race Is Heating Up

The business of lending and borrowing cryptocurrencies, which was previously the domain of specialized ventures, has attracted a lot of attention from new companies such as retail exchanges and wallets.

On March 10, Blockchain.com launched Borrow, a product offering retail users USD-pegged stablecoins against crypto assets held in their wallets. This lending service was made available to users in more than 180 countries. The company also said it will be offering retail users access to the same liquidity pool as institutional investors.

Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH

On March 5, custody service provider Bitgo announced that it has begun offering institutional digital asset lending services after a few months of private beta. The lending service was said to be built by a Wall Street team that understands institutional investors’ needs.

That same day, Chinese crypto lending company Babel Finance also provided its outlook on the market in 2020, and noted that “The lending market is increasingly crowded because of the horizontal development strategy adopted by various crypto finance players.” Still, the company’s outstanding loan balance broke a new record high this year, reaching $380 million on February 18, 2020.

What do you think about Binance Lending adding BCH, EOS and ETH to flexible deposits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH appeared first on Bitcoin News.

Bitcoin.com Exchange to Sponsor Decentralized Collectible Card Game Splinterlands

Bitcoin.com Exchange to Sponsor Decentralized Collectible Trading Card Game Splinterlands

Splinterlands is one of the most popular collectible trading card games in the cryptocurrency scene and a successful decentralized app. To help the game attract more players, and introduce them to bitcoin cash at the same time, Bitcoin.com Exchange will be sponsoring a number of upcoming Splinterlands tournaments.

Also Read: Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange

Bitcoin.com Exchange to Sponsor Splinterlands Tournaments

The team behind the collectible card game Splinterlands (formerly known as Steem Monsters) has announced on Monday that Bitcoin.com Exchange will be sponsoring the rewards for its next two ranked play seasons. The cryptocurrency trading platform will be sponsoring a total of eight tournaments over the course of the next month with a total of $1,000 in prizes.

The tournaments will start on Saturday, March 21, 2020 and two will be taking place each weekend for four weekends. The tournament prizes will be paid out in bitcoin cash (BCH), and all entrants will be required to link a BCH wallet address to their in-game account before they can enter these Bitcoin.com Exchange sponsored events.

“Splinterlands is extremely excited to have Bitcoin.com Exchange – one of the most well known and trusted brands in the cryptocurrency space – on board as a sponsor,” the team stated. “We expect this partnership to greatly benefit the users of both platforms and we’re looking forward to more opportunities to work together in the future.”

Bitcoin.com Exchange to Sponsor Decentralized Collectible Card Game Splinterlands
Splinterlands.com

Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to keep user accounts secure at all times. Available digital assets include ADA, ATOM, BCH, BTC, EOS, ETC, ETH, LTC, ONT, TRX, USDT, WAVES, XLM and XRP.

Games Are Great Applications for Crypto

Digital collectible card games such as Blizzard’s Hearthstone are wildly popular all around the world and bringing in billions in revenue each year according to gaming industry analysts. Many also think that the field is a perfect match for cryptocurrency-based collectible game items. Splinterlands provides an example of why this is, leveraging the technology to stand out from the established options.

Utilizing the transparency of the blockchain it’s possible to see how many of each different card exist in the entire game, so players can know exactly how rare and valuable their cards actually are. And cards can only be transferred with owners’ private keys, which means that the operators of the game cannot take them away from players and they are free to buy, sell, or trade them as they see fit, just like physical trading cards.

Additionally, all of the battle results, and the cards contained in packs, are generated by a published algorithm based on unpredictable data from the blockchain itself. The developers explain that this means that no one, not even themselves, can tamper with battle results, or give certain players better cards in packs.

Bitcoin.com Exchange to Sponsor Decentralized Collectible Card Game Splinterlands
Playing a match of Splinterlands

Every match of Splinterlands consists of an ever-changing set of combat rules, a timed team building session and the actual fight. On average a fight won’t last longer than two minutes, guaranteeing an exciting experience and the ability to play on the go. By changing the combat rules with every fight, the game achieves unique fights and challenges players to really get to know their cards.

Unlike other card games, where it’s simply the player with the overall stronger team that wins, players in Splinterlands are challenged to adjust their team for every fight to best comply with the rules and achieve victory. Currently, there are over 200 different cards with balanced statistical mechanics and 46 abilities.

Splinterlands has also introduced another unique feature to add value to their cards by addressing the problem of duplicates in a completely different way from most games. Duplicate cards can be combined to create a stronger card. Not only will the player have leveled up but by combining the two cards, the player is also automatically reducing supply.

The use of blockchain technology and crypto assets in video games has begun to attract attention from the mainstream gaming industry recently. For example, in January it was reported that French video games giant Ubisoft is looking to support new startups in the field as the next season of its incubator program will focus on blockchain technology.

“Blockchain technology is entering every single industry, including the Entertainment industry,” explained the Ubisoft Entrepreneurs Lab. “We can see a nascent ecosystem flourishing in many different directions exploring new possibilities to envision the relationships with the gamers, and between them, virtual assets ownership and exchanges, transaction security, and all what a crypto currency can allow. We have already worked with Blockchain startups now for more than 3 seasons and we want to keep on progressing on that mysterious but promising topic.”

What do you think about Bitcoin.com Exchange sponsoring the decentralized card game Splinterlands? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and Splinterlands.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion

Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion

The world needs a good cause to cheer right now in these tense times. Luckily, St. Patrick’s Day is coming up this Tuesday, March 17. To celebrate the holiday and give players an extra reason to smile, Bitcoin Games is offering a new free spins promotion. The platform is a provably fair online casino where you can play popular games using BTC and BCH. Its Free Spins feature allows users to place free bets on a slot machine that awards real crypto winnings.

Also Read: Video Games Giant Ubisoft Is Looking for Blockchain Startups to Support

Celebrate St. Patrick’s Day With Bitcoin Games

As the world prepares to mark the Feast of Saint Patrick, the patron saint of Ireland, Bitcoin Games invites players to take part in the cultural celebration without the need to go out to crowded events or even leave the house. The online platform is offering a special holiday promotion based on Lucky Lady’s Clover, a slot game inspired by Irish folklore.

“From pots of gold and rainbows to clover leaves and Lady Luck herself – this slot has everything to put players in the Irish spirit,” the developers explain. “Lucky Lady’s Clover carries a sprinkle of Irish luck and a reverie of the mythologies rooted deep in the culture of the Emerald Isle that will put you just in the right mood for St. Patrick’s Day.”

The promotion starts on March 16, 2020 at 00:00 GMT and ends on March 19 at 23:59 GMT. To be eligible for the promotion, players need to make a minimum qualifying deposit of 0.002 BTC within the promotion period and wager a total of 0.015 BTC or more on Lucky Lady’s Clover. Those who fulfill the requirements will be credited with 20 free spins.

Participate in the promotion to try a bit of Irish luck and bring yourself some cheer. For more information please visit the promotion’s terms and conditions page on the website.
Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion
Bitcoin Games is a provably fair online casino where you can play popular games using BTC and BCH. It offers a multitude of online casino games with the added security and transparency of blockchain.

What do you think about Bitcoin Games celebrating St. Patrick’s Day with a free spins promotion? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Games Celebrates St. Patrick’s Day With Free Spins Promotion appeared first on Bitcoin News.

Lightning-Fast New Bitcoin.com Wallet Proves Popular With Over 10 Million Wallets Created

Lightning-Fast New Bitcoin.com Wallet App Proves Popular With Over 10 Million Total Wallets Created

The Bitcoin.com Wallet app has reached almost 10.5 million wallets created across several million app downloads. This milestone follows last month’s release of the new app, which most notably included a redesigned, user-friendly interface along with the lightning-fast Instant Pay feature for bitcoin cash payments and support for SLP tokens.

Also Read: Bitcoin.Com Releases Fastest Ever Wallet App, With Built-In Support for Bitcoin Cash-Powered Tokens

From 5 to 10 Million Wallets in Less Than Half a Year

The Bitcoin.com Wallet app has been one of the most popular wallets for bitcoin cash (BCH) and bitcoin core (BTC) users for several years. After the recent launch of the overhauled app, new and existing users have created a record number of wallets in-app to try out features like Instant Pay. “Users rushed to try our new wallet app,” highlights Bitcoin.com CEO Stefan Rust. “Last November we surpassed five million wallets created. Now—less than half a year on—we’ve surpassed ten million.”

Instant Pay is an exclusive new feature that lets users auto-pay instantly with bitcoin cash. The user presets a spending threshold and then scans their app to make a payment, which will complete in microseconds. This contrasts with other wallet apps which require users to manually swipe to approve bitcoin cash payments, with these transactions also completing more slowly.

Lightning-Fast New Bitcoin.com Wallet Proves Popular With Over 10 Million Wallets Created

Instant Pay, which gives the Bitcoin.com Wallet app its title of “the fastest Bitcoin wallet,” completes transactions faster than traditional payment methods like Visa and Mastercard. Combined with the redesigned user-friendly interface which aims to make bitcoin management easy for cryptocurrency newcomers and more advanced users alike, the new app provides users with a seamless payment experience similar to the likes of Venmo and Cash App.

Built to Be Easy, Simple and Fast

Users have also been trying out the app’s SLP token protocol support, a feature which is currently only available in a limited number of wallet apps on the market. This means the Bitcoin.com Wallet now lets users send and receive tokens that can represent real or virtual goods, with the app providing a safe place to store tokens alongside bitcoin cash.

Lightning-Fast New Bitcoin.com Wallet Proves Popular With Over 10 Million Wallets Created

The goal behind the new Bitcoin.com Wallet was to create an app that maintains the key features legacy cryptocurrency users expect while also being accessible to new users. “For many crypto newcomers, complex wallet apps are the stumbling block. That’s because these apps are typically built for techies: not for the everyday user,” Stefan explains. “The new Bitcoin.com Wallet app was built to be easy: it’s simple to use and, thanks to Instant Pay, it’s the fastest wallet on the market.”

Users can download the new Bitcoin.com Wallet for free today. The app is available for iOS and Android.

What do you think about the new Bitcoin.com Wallet app reaching 10 million wallets? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency

Blockchain.com Will Offer Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency

The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings.

Also Read: Blockchain.com Launches High Speed Crypto Exchange for Retail Traders

Popular Wallet to Offer Crypto Lending for Global Retail Users

Blockchain.com, the provider of cryptocurrency services with over 46 million wallets created to date, has launched Borrow, a product offering retail users to borrow USD-pegged stablecoins against crypto assets held in their wallets. The new lending service is now available to users in more than 180 countries.

This launch follows the launch by Blockchain.com of an institutional lending desk in August 2019, which was handling $120 million a month by November. And the company said it will be offering retail users access to the same liquidity pool as institutional investors.

Blockchain.com Will Offer Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency

The company explained that as soon as the collateral is posted, users receive their loan and are free to use the stablecoins however they see fit. This means that retail traders can also use it to fund new trades without cashing out their previous investments and thus increase their leverage.

“Institutional and retail investors have the same financial goals – grow wealth and manage risks – but the tools at their disposal are vastly different,” commented Peter Smith, CEO of Blockchain.com. “Now, with our suite of trading products and Borrow, retail users can trade like the big guys without selling the crypto they’ve stockpiled or leaving their wallet.”

Digital Asset Lending Field Is Getting Crowded

On Thursday, March 5, custody service provider Bitgo announced that it is now offering institutional digital asset lending services after a few months of private beta. The lending service was said to be built by a Wall Street team that understands institutional investors’ needs.

“Our goal was to build a lending business that is similar to lending businesses in the traditional financial markets,” said Nick Carmi, Head of Financial Services, Bitgo. “We are not interested in a high-volume, low-margin business; we are building deep relationships with our clients to drive value for them and to create a long term, sustainable business.”

Blockchain.com Will Offer Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency

Babel Finance, a Chinese crypto lending company, also released its 2019 annual report on March 5. In its outlook on 2020 the report noted that “The lending market is increasingly crowded because of the horizontal development strategy adopted by various crypto finance players.” Still, the company’s outstanding loan balance broke a new record high this year, reaching $380 million on February 18, 2020.

What do you think about Blockchain.com offering USD borrowing to retail wallet users? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency appeared first on Bitcoin News.

Newly-Launched Bitcoin.Com Lottery Unlocks Global Lotteries Through Cryptocurrency Payments

Use BCH or BTC to Play Power Ball, Mega Millions and Other Global Jackpots With Bitcoin.com Lottery

Following the recent partnership between Bitcoin.com and Bravio Technologies Limited, the Bitcoin.com Lottery platform has officially launched. It lets users play the most popular global lotteries from any location. Tickets can be purchased using either bitcoin cash (BCH) or bitcoin core (BTC) as payment methods.

Also Read: Bitcoin.com Partners with Canadian Gaming Giant Bravio Tech on Global Lotteries

Use BCH or BTC to Play Power Ball, Mega Millions and Other Global Jackpots With Bitcoin.com Lottery

Traditional lottery platforms limited users in many ways. Tickets could only be bought within the country users were located and, in addition, users were further restricted by having to pay for those tickets with the country’s local currency. To enter and claim winnings on the U.S. Power Ball, for instance, a user had to be located in the United States and could only buy a ticket with U.S. dollars.

The launch of Bitcoin.com Lottery changes that. For the first time ever, users can enter global lotteries from any country. The platform acts as a booking engine, locally purchasing tickets through official lottery agents on users’ behalf. Furthermore, the Bitcoin.com Lottery platform is also the first to let users buy lottery tickets with cryptocurrency.

“Over recent years we’ve seen a shift in the way lottery tickets are sold, with increasing numbers of people buying them online. However, the limitations of location have remained. You still have to be based in a country to play a lottery there,” explains Bitcoin.com CEO Stefan Rust. “We’ve solved that problem by building a seamless global lottery platform. No matter where you’re based, you can log in and play the world’s leading lotteries.”

Use BCH or BTC to Play Power Ball, Mega Millions and Other Global Jackpots With Bitcoin.com Lottery

Powered by blockchain technology, the platform supports BCH and BTC payments for over ten global lotteries. All users need to purchase tickets through the platform is a suitable wallet app, such as the Bitcoin.com Wallet, and an account on the Bitcoin.com Lottery. After selecting a lottery and numbers, the user proceeds to pay using their wallet app.

Once the payment is made, a select team of local distributors working with the platform will then purchase the tickets, and a scanned copy will appear in the user’s account shortly after. The Bitcoin.com Lottery platform will also notify users should they have any form of winnings to collect, with an in-house customer support team available to help at any time.

Growing Adoption for Bitcoin Cash in Internet Gaming Industry

Bitcoin.com Lottery arose from the partnership between cryptocurrency service provider Bitcoin.com and Canadian internet gaming corporation Bravio Technologies Limited in 2019. The platform was developed by Bravio, a B2B Management Services company that specializes in the design and development of igaming technology.

Paul Carroll, CEO of Bravio Technologies, commented on the landmark launch: “We’ve unveiled a world first. It’s only a matter of time now before we see more igaming companies adopt Bitcoin Cash as a form of mainstream payments and, as a pioneer in this new digital age, the Bitcoin.com Lottery platform is just the beginning.”

Together with Bitcoin.com’s expertise in building on blockchain technology, the partnership has resulted in the creation of a seamless, user-friendly global lottery platform that removes limitations. In the future, the platform will be further developed with plans to let users anonymously cash out winnings directly into their wallets.

Bitcoin.com Lottery currently supports over ten world-famous lotteries. These include the U.S. Power Ball and Mega Millions, the Euro Millions, and the hugely popular €2.24 billion jackpot Loteria de Navidad. Users can get started on the platform by creating a free account.

What do you think about the ability to win lotteries around the world using bitcoin cash? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Newly-Launched Bitcoin.Com Lottery Unlocks Global Lotteries Through Cryptocurrency Payments appeared first on Bitcoin News.

Who Is Satoshi Nakamoto? An Introduction to Bitcoin’s Mysterious Founder

Who Is Satoshi Nakamoto – Introduction to the Mysterious Founder of Bitcoin

The true identity of the creator of Bitcoin is one of the biggest mysteries in the modern world. Over the years many theories have popped up about who Satoshi Nakamoto really is, including a time traveler, a space alien, a rogue artificial intelligence or a front for groups such as the NSA, CIA and Yakuza. This article will present only the known facts about him and the more likely candidates who people suspect may be be the elusive figure.

Also Read: 10 People Who Might Be Satoshi Nakamoto

Who Is the Mysterious Founder of Bitcoin?

The name Satoshi Nakamoto is an alias used by the person or entity who created Bitcoin to hide their true identity. He claims to be Japanese, born on April 5, 1975 and reside in Japan but people doubt this due to his native-level command of the English language as well as his preference of working hours more consistent with the U.K. time zone than Asia. Satoshi is a Japanese boy’s name that means “one with wise ancestry” and he is presumed to be male.

Nakamoto was the first to solve the double-spending problem for a decentralized digital currency, creating a new asset, the likes of which the world had never seen before: Bitcoin. In October 2008, Satoshi published the original whitepaper, describing his blueprint for a “A Peer-to-Peer Electronic Cash System.” In January 2009 he released version 0.1 of the source code and launched the cryptocurrency by mining the genesis block. The founder continued to work on the software project for about another year and a half before disengaging from active development.

Nobody knows why Satoshi Nakamoto really decided to disappear without ever revealing himself or even cashing out some of the billions of dollars his early minted coins are now worth. This has provided fertile ground for speculation, educated guesses and outright conspiracy theories. Researchers have pored over the few data points left by the mysterious figure, trying to analyze his vocabulary, his way of writing and other clues to find some hints to his true identity.

Let’s have a look at some of the names that have been put forward as possible Satoshis.

Will the Real Satoshi Nakamoto Please Stand Up

Dorian Nakamoto is the man with the friendly face most people now associate with the creator of Bitcoin. He was outed as Satoshi in March 2014 by Newsweek Magazine, which created a media frenzy around him and greatly disrupted his life. Dorian has denied having any connection to the development of cryptocurrency but eventually embraced a role of a mascot of sorts for the community.

The evidence cited by the magazine includes the fact that Dorian was actually born with the name Satoshi. He was trained as a physicist at Cal Poly University and worked as a systems engineer on classified defense projects and a computer engineer for technology and financial information services companies. Nakamoto also has libertarian tendencies and encouraged his daughter to have a business “not under the government’s thumb.” And when he was first asked about Bitcoin, Nakamoto mistakenly thought it was a question about one of the classified projects he did for U.S. military contractors and said: “I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.” For a more detailed look at Dorian as Satoshi Nakamoto see here.

Who Is Satoshi Nakamoto? An Introduction to Bitcoin's Mysterious Founder
Dorian (Not Satoshi?) Nakamoto at a Bitcoin Conference in San Fransisco

Hal Finney was a cryptographic pioneer, cypherpunk activist and the first person ever to receive a bitcoin transaction. Coincidentally or not, he also was a neighbor of Dorian Nakamoto. A Caltech engineering graduate and a developer for the PGP Corporation, he had the required skills to create a cryptocurrency from scratch and was the first person to improve the Bitcoin source code after Satoshi.

Finney died in August 2014 and was cryopreserved by the Alcor Life Extension Foundation. Hopefully one day the technology to revive him will be invented and he can provide more clarity on the issue if it has not been resolved by then. For now you can see all the many facts pointing to Hal being Satoshi here.

Nice Szabo, self-described “Blockchain, cryptocurrency, and smart contracts pioneer,” was in contact with like Hal Finney and his name often comes up as a possible Satoshi despite his claims otherwise. People who think he may be the creator of Bitcoin point out his proposal for a decentralized currency called bit gold from 2005 which uses similar concepts to those eventually perfected by Bitcoin. For a breakdown of the facts pointing to Nick Szabo being Satoshi see here.

Who Is Satoshi Nakamoto? An Introduction to Bitcoin's Mysterious Founder

Craig Wright is mostly thought of as a conman these days but there was once a time when some of the most prominent names in the crypto community thought he was Satoshi. This abrasive character is an Australian academic and businessman who first emerged in December 2015 with reports in Wired and Gizmodo. Since then he tried to force people to accept him as the creator of Bitcoin in various unconvincing ways, such as lawsuits against his critics. For the latest developments in the Craig Wright claiming to be Satoshi Nakamoto saga see here.

Paul Le Roux is a much scarier Satoshi candidate who came to light from the legal cases around Wright. Le Roux is a former encryption software programmer and vicious cartel boss turned informant to the U.S. Drug Enforcement Administration. After he was arrested in September 2012 for conspiracy to import narcotics, the criminal mastermind admitted to participating in seven murders. See this link for more on why Satoshi Nakamoto could be Paul Le Roux.

Other less discussed possible Satoshi candidates include cypherpunk pioneer Ian Grigg, Japanese mathematician Shinichi Mochizuki and tech mogul Elon Musk.

 

Elon Musk is mainly involved in the cryptocurrency sphere as a meme lord and casual troll, but he too had to deny being the creator of Bitcoin. As the founder of Paypal, Tesla, Spacex and a multitude of other companies in different fields, Musk probably has the ability to learn whatever skills he needs to create a cryptocurrency from scratch.

In November 2017 a former intern at Musk’s rocket company by the name of Sahil Gupta presented the case that his old boss was really the founder of Bitcoin. A Yale University computer science student at the time, he claimed that Musk had both a preference and an excellent grasp of the C++ programming language like Satoshi did.

Gupta also pointed out that the stability of the financial system was a major global concern in 2008, and Musk is someone who “identifies the most urgent problems of our time and dedicates his time to solving them,” suggesting he had the drive “to solve the lack of trust in banks by creating a currency that doesn’t need them.” He also claimed the tech mogul had a deep understanding of economics and cryptography needed to write the Bitcoin whitepaper.

Musk, who is already a billionaire many times over thanks to Paypal and Tesla, also wouldn’t be tempted to cash out his old coins in a hurry. But the massive stash of BTC and BCH could be used to kickstart the Martian economy once he is out of reach of the IRS on the surface of the red plant. So perhaps he is Satoshi after all and is just using humor to misdirect?

 

What do you think about the possible identity of the creator of Bitcoin? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Who Is Satoshi Nakamoto? An Introduction to Bitcoin’s Mysterious Founder appeared first on Bitcoin News.

Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser

Bitcoin Cash Community Supports Greater Privacy by Completing Over 60% of Cashfusion Fundraiser Goal

The Bitcoin Cash community is showing its support for greater privacy by putting its money where its mouth is and donating to Cashfusion. The recently launched fundraiser has already raised more than 100 BCH and achieved over 70% of its goal. Once the total hits $50,000, Bitcoin.com will double it to $100,000.

Also Read: Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy

Over 100 BCH in Donations to Help Cashfusion Bring Greater Privacy to Users

Cashfusion is an extension of the Cashshuffle coin mixing protocol for bitcoin cash and improves upon it by allowing people to fuse coins without requiring equal payment amounts. The privacy-enhancing technology is almost set to launch, but before that it will need to undergo an intensive security audit to ensure it is ready.

This complicated procedure will cost $50,000 and the bitcoin cash community has stepped up to help finance it. Users have already made more than 350 donations to the Cashfusion Security Audit Fund, raising over 100 BCH. At current prices this brings the total to more than 70% of the needed capital and the fundraiser is well on its way to reach its goal soon. Moreover, Bitcoin.com has announced that it will match the $50,000 in donations to help the team behind Cashfusion with ongoing development.

Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser
Cashfusion fundraiser wallet address on Bitcoin.com block explorer

“Cashshuffle is a powerful tool for obfuscating the origin of a coin. However, after shuffling a wallet, a user will inevitably wish to consolidate several coins, and for this another tool is needed,” explained developers Jonald Fyookball and Mark B. Lundeberg. “Cashfusion provides high levels of privacy via a flexible scheme that allows an arbitrary number of inputs and outputs of non-standard amounts. It provides anonymous, trustless coordination with usually zero-knowledge of linkages revealed to other players or the server.”

This is your chance to take a stand and show that privacy matters. Donate here.

Why Privacy Matters

The right to privacy is widely recognized by many different legal traditions and schools of thought all around the world. The ability to keep your personal business to yourself is also crucial for the functioning of a free society and an open economy. Unfortunately, today this basic human concept and value is under attack like it has never been before.

New technologies such as big data and artificial intelligence allow corporations and governments to track us in various ways and erode our privacy. Our thoughts, our desires, our friendships, our communications, our physical locations and everything else that tech companies can get their hands on are being sold to unknown parties without our informed consent.

Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser

In the cryptosphere this is done by blockchain analysis companies that seek to link every wallet to the person behind it. This is usually performed in the name of security, under the guise of AML/KYC, but it can greatly hurt the whole digital asset ecosystem by turning off many people concerned about their privacy.

Even if you have never done anything out of the ordinary, would you want to use a system that tracks all your transactions and keeps a log forever visible to governments and corporations? This is a real risk in an ever-changing world. Additionally, money needs to be fungible for people to use it. The same is true for crypto.

What do you think about the bitcoin cash community donating to the Cashfusion fundraiser? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin Cash Community Supports Greater Privacy by Donating Over 100 BCH to Cashfusion Fundraiser appeared first on Bitcoin News.

Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix’s Altered Carbon

Bitcoin, Monero and Zcash Will Still Be Used in the Year 2400 According to Netflix's Altered Carbon

Several cryptocurrencies such as bitcoin, monero and zcash were featured on the recently released and highly anticipated second season of Altered Carbon, a cyberpunk Netflix series set about 400 years in the future. A scene from the show clearly depicts a shop where prices are set in crypto, with no fiat in sight.

Also Read: Cryptocurrency Explained on the Latest Episode of The Simpsons

Netflix Features Cryptocurrency on Second Season of Altered Carbon

Will the cryptocurrencies of today still be in use in the early 25th century? The creative minds at Netflix seem to think so.

Altered Carbon is a cyberpunk television series featuring off-world mining colonies, extinct space aliens, rogue artificial intelligence agents, mind uploading, digital immortality, corrupt corporate overloads and sword-wielding Yakuza members fighting against gritty bounty hunters armed with laser pistols. To this list of tropes we can now add using crypto assets to facilitate shopping for contraband and other illicit items.

The second season of Altered Carbon was released on Thursday, February 27, 2020, and it stars Anthony Mackie, best known for playing Falcon in the Marvel Cinematic Universe. The plot takes place approximately 30 years after the first season, which was mainly set in the year 2384, placing the events of the second season in the early 25th century.

The world of Altered Carbon suffers from extreme economic inequality and focuses on the effects that has on society. As such, the need for money is a central driver of events in the show but the characters usually only refer to it as ‘credits’ and by no other name. However, a scene in the fifth episode of the second season reveals that, at least in some markets, cryptocurrencies are the real medium of exchange in this dark future.

Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix's Altered Carbon
A scene from the second season of Altered Carbon on Netflix that features an augments repair shop with prices are all set in cryptocurrency, including bitcoin, monero, zcash and litecoin.

Without giving away any spoilers, you can see that when the hero goes to get some gear from an augments repair shop for a major adventure all the prices in the venue are set in cryptos with the logos of bitcoin, monero, zcash, litecoin and a few others clearly shown. This might have been used to give the place the look and feel of a real life darknet market.

While it is impossible to predict how the economy will look in 400 years, the show’s creators are most probably right about the lack of support for current fiat currencies in a future where humanity is spread out across dozens of plants. So if you ever plan to buy a replacement cyborg hand, military-grade clone body or the ability to enhance your senses with wolf DNA on the black market, you’d better hold some privacy-enabling cryptos just in case.

Media Loves to Hate Bitcoin?

Bitcoin has recently returned to appear more frequently on television, beyond the financial news shows where the topic is often in the headlines. In February 2020, for example, animated family sitcom The Simpsons featured an almost two-minute segment explaining how cryptocurrency and blockchain work with the actor who played Sheldon Cooper on The Big Bang Theory. In the segment, the animated Parsons tries to prove that he is not a nerd and actually “super cool” by the fact that he is talking about the subject.

Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix's Altered Carbon
February 24, 2020: Cast attends Netflix sci-fi Altered Carbon season two premiere at AMC Lincoln Square in New York City

In contrast, some parts of the media often like to employ anti-crypto tropes such as that bitcoin is only used by hackers or criminals. A recent example of this came from an episode of True Life Crime, a new series on MTV, that focused on the story of a $5 million SIM swapping scam. The producers brought on to talk about the incident included Rachel Siegel, a bitcoin advocate and proponent of mass adoption, but cut out all the positive things she had to say about cryptocurrencies.

What do you think about Netflix’s Altered Carbon showing cryptocurrencies being used in the year 2400? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Netflix, Fair Use.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Bitcoin, Monero and Zcash Will Still Be Used in the Year 2414 According to Netflix’s Altered Carbon appeared first on Bitcoin News.

Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration

Binance Now Lets Users in Turkey Deposit and Withdraw Turkish Lira Directly via Akbank Integration

The competition for the Turkish cryptocurrency market appears to be heating up as Binance is the latest platform to launch a banking integration for the Lira (TRY). The global digital asset exchange is now open to direct transactions of local fiat from Akbank, one of the largest banks in Turkey.

Also Read: Blockchain.com Launches Full Turkish Lira Banking Integration as a Native Payment Gateway for Turkey

Binance Global Integrates Akbank

Binance, the popular international cryptocurrency exchange with users from over 180 countries and regions, has announced the first bank channel integration at Binance Global with one of the largest banks in Turkey, Akbank. Binance users are now able to instantly deposit and withdraw Turkish Lira on the trading platform via desktop and the iOS App, with the company promising “the most competitive fees in Turkey.”

Founded in 1948, Akbank has an extensive domestic distribution network of 770 branches across Turkey with more than 14,000 employees. In addition to providing services at branch locations, Akbank serves close to 18 million customers via 5,000 ATMs, more than 600,000 point of sale terminals, online, mobile and other direct channels. The bank operates from its headquarters in Istanbul and its shares are listed on Borsa Istanbul.

Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration
Esenboğa International Airport in Ankara, Turkey

“As part of our mission to continue working on increasing the freedom of money worldwide and notably in a country that is fast-adopting digital assets, we are expanding the available options to lower the barrier to entry,” commented Binance CEO Changpeng Zhao. “As the industry scales with our products and services that grow in tandem, the availability and process of investing, exchanging and trading crypto will become more and more seamless.”

Why Crypto Matters to Turkey

With millions of refugees from the war in Syria on the other side of the border, economic concerns regarding the stability of the local fiat has pushed cryptocurrency adoption in Turkey to grow faster than in most markets. The country of over 82 million people has an estimated 1 million active investors, according to local reports. And a fifth of Turkish respondents in last year’s Global Consumer Survey by Statista said they used or owned crypto, as news.Bitcoin.com reported in June 2019.

This large market has attracted the attention of the digital asset trading industry recently. In January 2020, for example, Blockchain.com launched a full banking integration for TRY on its trading platform.

Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration
Branch of Akbank in Istanbul, Turkey

Unfortunately, all this activity has also caught the attention of the Turkish authorities. Alarmed by the rapid spread of crypto trading in the country, government agencies are ramping up efforts to introduce greater oversight into the sector. It was earlier reported that Turkey’s Financial Crimes Investigation Board will conduct checks on crypto exchanges as part of its offensive against what regulators regard as illegal online betting and gambling.

What do you think about Binance integrating with Turkey’s Akbank to allow Turkish users to deposit and withdraw lira? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Binance Users in Turkey Can Now Deposit and Withdraw TRY via Akbank Integration appeared first on Bitcoin News.

How to Get Free Bitcoin in 2020

How to Get Free Bitcoin in 2020

Many early adopters who made a fortune from cryptocurrency first got their hands on coins by receiving them for free from bitcoin faucets back in the day. Today there are still a number of ways for you to get bitcoin for free including airdrops, giveaways, bounties, tipping, referral programs and faucets.

Also Read: How to Mine Bitcoin in 2020

How to Get Bitcoin Without Reaching for Your Credit Card

If you want to start stacking satoshis or test out using digital assets without having to spend any money, there are several options available for you to do so in 2020. This guide will present some of them before reviewing a few bitcoin faucets that are still operational today.

One of the best ways to get coins is to earn them from something that you already do. So if you have a website, blog or even just a large following of friends online, you can capitalize on that by joining a referral program that pays in crypto.

Bitcoin.com offers such a program for Bitcoin Games, a provably fair online casino where users can play popular games using BTC and BCH. It requires no registration and lets you earn up to 25% of the house edge on all bets made by people you direct to the platform, with no top limit on how much you can earn. To join this program all you have to do is go to the BCH referral page or the BTC referral page, and your account will already be automatically set up. There you can find your unique referral link and banners in many shapes and sizes to share. The same page can also be used to track your earnings and referral statistics.

Another referral program from the company is offered by the privacy-focused peer to peer exchange local.Bitcoin.com. It enables you to share your referral link with anyone you think might be interested in trading on the marketplace and earn BCH for every trade they make. Once you have an account on the platform, just visit the referral page to get a unique referral link that you can share with your friends. This link will take them to a signup page, and when they create an account they will be added to your list of referred users. You will earn 20% of fees incurred by their trades throughout the lifetime of their account.

How to Get Free Bitcoin in 2020
A watch for sale on local.bitcoin.com/goods

Speaking of Bitcoin.com Local, the platform recently added a dedicated portal for buying and selling items in exchange for bitcoin cash. This Marketplace is a Craigslist-like venue for listing goods and services that allows anyone to earn BCH directly. So if you have an old smartphone or anything else you don’t use anymore you can sell it secondhand and turn it into free coins.

Other Ways to Earn

An additional way to sell your services for BCH is to become a bitcoin bounty hunter if you have the skills to spot software bugs or track down hackers. The Bitcoin Bounty Hunter service from Bitcoin.com allows people to anonymously crowdsource payments for completing tasks and get paid in bitcoin cash, with more than $280,000 in bounties currently available on the platform.

Another way to get some free tokens is giveaways. Many in the crypto community are committed to spreading adoption and if you follow influencers on Twitter, Reddit, Youtube and other community forums you’ll sometimes find someone who will be willing to send you some satoshis just to get you started. For example, about four moths ago Bitcoin.com Executive Chairman Roger Ver announced on Facebook he was giving away a total of $5,000 worth of BCH to his friends and anyone on the social network that posted a bitcoin cash address in response to the message.

Before trying this, take note that there are a lot of scammers in the field impersonating influencers, so you have to watch out for red flags and never send William Shatner or Elon Musk any coins if they promise to send you back 100x more.

How to Get Free Bitcoin in 2020
Facebook screenshot

Crypto communities also like to reward active members with free tokens from time to time. In the BCH ecosystem we can see this with the Lead SLP token which you can earn in a number of ways such as helping new users learn about bitcoin cash by hosting meetups, introducing BCH to businesses that will adopt it for payments and more.

Tipping is also popular in some crypto communities and allows people to be rewarded for their participation with free coins. In January 2020 it was reported that in just one week close to $6,000 in BCH was tipped to authors on read.cash, the blogging website that lets readers boost content creators with bitcoin cash upvotes.

Airdrops are a way for projects to introduce a new token that’s just been added to a trading platform by handing some out to users for free. To find these you need to follow the online conversation around projects you like in community forums and social media, where you’re sure to come across new airdrops from time to time. And sometimes exchanges also offer less direct ways to get new coins they list such as Coinbase Earn. This is a service meant to incentivize people to learn more about new cryptos by awarding tokens for completing tasks such as watching videos and taking quizzes on the asset-related content. Once all these tokens become liquid you can exchange them for your preferred crypto such as BCH or BTC.

Faucets That Are Still Giving Away Crypto in 2020

Software developer Gavin Andresen made Bitcoin History when he created a website that gave away free BTC in June 2010. The first bitcoin faucet handed out a meager 5 BTC per request, now worth about $50,000 less than a decade after.

“For my first Bitcoin coding project, I decided to do something that sounds really dumb: I created a web site that gives away Bitcoins,” wrote the man who was declared by Satoshi Nakamoto as the lead developer after his departure. “Why? Because I want the Bitcoin project to succeed, and I think it is more likely to be a success if people can get a handful of coins to try it out.”

To fuel the first faucet, Andresen loaded it with 1,100 BTC of his own. After these were all given out, the faucet was reloaded, with early bitcoin miners and whales chipping in and donating more coins. By the time the faucet had given away its last coins in early 2011 and was discontinued, 19,715 BTC had passed through its wallet.

How to Get Free Bitcoin in 2020

Unfortunately, these days any website claiming to offer 5 BTC for free is an obvious scam. Moreover, the inconsistent and high transaction fees on the BTC network have made giving away even just 5 satoshis per user impracticable too. If it can take 50 cents for sending one transaction, no site can be expected to send micro-transactions worth much less than that. So BTC faucets had to stop operating or try to find ways to limit users from making direct and small withdrawals.

For example, the Bitcoinker faucet claims you can get “up to 100,000 satoshis” every five minutes. However, the minimum withdrawal from the site to your actual BTC wallet is 20,000 satoshis and trying it out you only get an average of 5 satoshis every time. So you will have to solve the captcha on the site 4,000 times, which assuming you did every five minutes without a break would take about four days.

Other sites claiming to still be BTC faucets are actually something else completely. Some are actually gambling sites that just offer a few free satoshis to start you off but there is only a minuscule chance you will win enough to reach the withdrawal minimum without putting in more BTC of your own. Some are actually online freelance platforms that require you to put in work, such as answering surveys or completing other tasks. Some websites might also be secretly using your browser for mining an altcoin in the background, exploiting your CPU and giving you a fraction of what you could have made yourself.

Luckily, there is still a very good alternative.

How to Get Free Bitcoin in 2020
Free.Bitcoin.com

The Bitcoin.com Free service really provides you with an easy way to get coins for free thanks to the extremely low fees on the bitcoin cash network that make it possible. More than 300,000 people have gotten free BCH from this faucet service already, in a process that takes two seconds if you already have our wallet or a few seconds more if you need to download it depending on your connection speed.

All you need to do to receive some bitcoin cash from the Bitcoin.com Free service is to take three easy steps. First, you have to install the highly rated Bitcoin.com Wallet app for your phone if you don’t already have it. Then you need to log in to the faucet with your Google account and hit verify in order to prevent abuse of the service. Finally, just enter your wallet address to claim your free electronic cash. A small amount of BCH will be sent to your wallet within seconds, showcasing the amazing speed of the bitcoin cash network.

What do you think about getting free cryptocurrency in 2020? Do you know any other ways people can get some free coins? Share your thoughts in the comments section below.

Disclaimer: Walkthrough and guide editorials are intended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are optional. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents

Government to Airdrop $15 Billion in Free Money to About 7 Million Residents in Hong Kong

The government of Hong Kong has decided to airdrop about $9 billion in free money to an estimated 7 million residents in the troubled Chinese territory. From a global perspective, this can be seen as a desperate move to stimulate the local economy while the coronavirus outbreak is hitting markets hard all around the world. At the same time, the move can also be seen as part of the government’s efforts to stop the persistent protests in the city.

Also Read: HSBC Closes 2 Branches Following New Protests in Hong Kong

Hong Kong Tries to Pacify Protests With Free Money?

In December 2018, an infamous 24-year old Chinese crypto influencer, Wong Ching Kit, made headlines around the world after he was arrested for throwing stacks of HK $100 bills from the roof of a building in Hong Kong and causing mass hysteria. The self-proclaimed bitcoin millionaire stated at the time that the stunt made him “feel as if he is god” as he was raining money on the people of one of the poorest areas of the city. Now another guy is planning a similar stunt on a much bigger scale, but don’t expect him to be arrested anytime soon.

“I have decided to disburse HK $10,000 to Hong Kong permanent residents aged 18 or above, with a view to encouraging and boosting local consumption on the one hand, and relieving people’s financial burden on the other,” stated Hong Kong Financial Secretary Paul Chan Mo-po on Wednesday. With 7 million people who are estimated to fit the criteria set by Chan, this will total about HK $70 billion, which is almost US $9 billion.

This free money airdrop is the central part of a stimulus package totaling over $15 billion announced by the government. Other steps in the plan include helping poor families with a free month of public housing rent and helping struggling businesses with lower taxes and subsidized electricity.

Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents

The main reason given for the need to stimulate the local economy is the outbreak of the novel coronavirus, which “has dealt a severe blow to economic activities and sentiment in Hong Kong” according to Chan. The pandemic originating in mainland China, interrupting many global supply chains, has hurt the region’s tourism industry especially hard and the plan includes specific measures to address this.

Another tough problem for the local economy is the unending protests in the city against what many in Hong Kong see as the loss of their freedom to Beijing. The demonstrations started in June 2019 over a plan to allow extradition to mainland China which many feared will undermine the territory’s judicial independence. The controversial extradition bill was dropped in September, but the repeated police violence kept fueling the protest movement.

“Social unrest and turbulence have revealed deep-seated conflicts in our community, which cannot be resolved overnight,” Chan said. “We need to address these conflicts patiently and carefully as they have a far-reaching impact on the stability and development of Hong Kong in the future.”

Not Exactly Helicopter Money

While this free money airdrop by the Hong Kong government is part of a stimulus package, it is important to note that the implementation is quite different from similar plans in other parts of the globe. Hong Kong has long been considered as having one of the most fiscally conservative establishments in the world and this doesn’t appear set to change. There is no money printing involved and no borrowing is needed. The plan is easily financed by the Hong Kong government’s massive fiscal reserves of HK $1.1 trillion.

Government to Airdrop $9 Billion in Free Money to 7 Million Hong Kong Residents

“Far from being created ‘out of thin air,’ to be given away, Hong Kong’s planned cash handouts have already been paid for, in full, by its taxpayers—and with plenty to spare,” explained George Selgin, Professor Emeritus of Economics at the University of Georgia. “The handouts are nothing more than a government income-redistribution scheme, with no monetary policy implications whatsoever. Those looking for a test of the theory of helicopter money, or for an outbreak of Hong Kong hyperinflation, will have to wait longer for them. With a little luck, they’ll wait forever.”

What do you think about the government handing out cash to everyone in Hong Kong? Share your thoughts in the comments section below.


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Coinbase Wallet Adds Support for Short and ‘Human-Friendly’ Cryptocurrency Addresses

Coinbase Wallet Adds Support for Short and “Human-Friendly” Cryptocurrency Addresses

One of the scariest features of transacting with cryptocurrency, for many new users, is correctly inputting the long hexadecimal addresses involved. Various individual projects and larger collaborations have tried to tackle this anxiety-inducing issue in different ways, so that bitcoin adoption can grow. The latest venture to try and take on this challenge is Coinbase.

Also Read: Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

Send Crypto Directly to @Username on Coinbase Wallet

San Francisco-based cryptocurrency trading platform Coinbase has introduced a new way for its wallet app users to send each other crypto using short, human-friendly addresses. Every Coinbase Wallet user has an associated username (like @example), that can now serve as an address so they can easily receive transfers from other users of the app instead of their full-length crypto address.

This new feature is compatible with all the currencies already supported by Coinbase Wallet, including bitcoin, bitcoin cash, litecoin, ethereum, ethereum classic, ripple’s XRP, stellar lumens, dogecoin, and all ERC20 tokens. For anyone with privacy concerns, the wallet app has been upgraded with a new privacy toggle in the settings menu so you can keep your username private and prevent other users from searching for it.

“Wallet users often tell us how cumbersome it is to deal with long and nonsensical crypto addresses like 0x89136a83664fa0673930be34463e444260775dc or 3GVBSgLLLjAoNRKxw5hm7kANN2P2mEQJy. They also tell us how stressful it is to send money with the fear of having copied and pasted addresses incorrectly,” explained Sid Coelho-Prabhu, Product Lead for Coinbase Wallet. “Human readable addresses help fix these problems.”

Coinbase Wallet Adds Support for Short and 'Human-Friendly' Cryptocurrency Addresses
Short Addresses on Coinbase Wallet

Ethereum Name Service With Multi-Currency Support

The Coinbase Wallet is also integrating the Ethereum Name Service (ENS), which means users can now send crypto to .eth addresses. ENS supports not only payments of ETH but also BTC, BCH, LTC, and many others including all the currencies currently supported by Coinbase Wallet.

ENS is an open source project managed by a non-profit organization, supported mostly by grants from the Ethereum Foundation as it didn’t hold an ICO and has no investors. Its developers see it as a key component of the emerging decentralized web. Over 50 wallet teams have expressed support for integrating ENS into their apps.

The developers of the Coinbase Wallet app believe that these improvements will make cryptocurrency much easier to use and thus help drive adoption by a more mainstream audience. Coelho-Prabhu added: “There are now services that let you associate a short human readable name with your crypto addresses. We’re pleased to integrate them into the Coinbase Wallet experience. Users can now easily send money to friends and business partners like they do with traditional payment apps, albeit globally and in crypto.”

What do you think about the Coinbase Wallet adding support for short and human-friendly addresses? Share your thoughts in the comments section below.


Images courtesy of Shutterstock and Coinbase Wallet.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Cryptocurrency Explained on the Latest Episode of The Simpsons

Cryptocurrency Explained on the Latest Episode of The Simpsons

Could this be a sign that the mainstream media is warming up to bitcoin again like they did before the 2017 rally? The Simpsons featured an almost two-minute segment explaining how cryptocurrency and blockchain work with the actor who played Sheldon Cooper on The Big Bang Theory.

Also Read: 12.6M Viewers Will Hear About Bitcoin Watching The Big Bang Theory

Cryptocurrency Explained on The Simpsons

The animated family sitcom show that first aired in 1989 has featured an explanation on the nature of cryptocurrency in its latest episode. The Simpsons is now in its 31st season, and for the 13th episode of the season it brought in Jim Parsons, best known for Sheldon Cooper in the The Big Bang Theory, to explain the concept of cryptocurrency.

In the segment, the animated Parsons tries to prove that he is not a nerd and actually “super cool” by the fact that he is talking about the subject of cryptocurrency. He also fakes jumping over a few buses in a motorcycle and is filmed with piles of cash stacked behind him. The segment also features a singing ledger that seems to really enjoy it when transactions are recorded on him. The sketch is somewhat informative to anyone who haven’t heard about the topic before and it avoids mentioning anti-crypto tropes like that it is only used by hackers or criminals, which it could have done.

In a graphic shown near the end of the segment, the TV show’s creators seem to acknowledge that they know that the presentation makes them look like they have only a novice’s understanding of crypto but they dispute that and let us now that they even know who the real Satoshi is. That might be true as The Simpsons featured Bitcoin twice before 2016 and crypto was also included in a Simpsons video game in 2018.

The Big Bang Theory Connection

This isn’t the first time a TV sitcom involving Jim Parsons has tackled the topic of cryptocurrency. The Big Bang Theory aired an entire episode based on a digital assets storyline in November 2017. The episode, called “The Bitcoin Entanglement,” showed the cast of geeks and nerds learning about the price rally, suddenly remembering they mined some bitcoin a few years before and dreaming about all the stuff they can buy when BTC hits $5,000.

While dedicating a whole episode to bitcoin was exceptional for a fictional show, the topic of cryptocurrency has appeared on other series before, such as Mr. Robot, Startup, CSI Cyber, The Good Wife, Jeopardy, Almost Human, Person Of Interest, House Of Cards, Parks and Recreation, HBO’s Silicon Valley, Supernatural, and Marry Me. Recently even MTV aired an episode of a new show called True Life Crime with a “crypto expert” (Rachel Siegel) that talked about SIM swap hacks.

What do you think about cryptocurrency appearing on the latest episode of The Simpsons? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism. Its founder, the famous entrepreneur Richard Branson, announced that the company already accepted bitcoin for space flight tickets back in 2013.

Also Read: NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto Experience

Virgin Galactic Stock Is Skyrocketing

Virgin Galactic, the space arm of Richard Branson’s empire, has been on a crazy rally recently. The company’s stock (NYSE: SPCE) jumped over 23% on Wednesday, closing at a new record high price of $37.35 after its best day of trading ever. In total, the Virgin Galactic stock has increased in value by a whopping 298% over the last three months.

The forces that are considered to be driving this amazing rally are a new fascination by retail investors and a rush of speculative options traders on the Virgin Galactic stock. These two groups have sent trading volumes soaring and the price followed, eliciting comparisons to the Tesla stock rally that was fueled by similar forces.

Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space
Virgin Galactic billboard on the New York Stock Exchange (NYSE) building

The Virgin Galactic stock was priced at just $11.75 after it started trading on the New York Stock Exchange on October 28, 2019, making it the first ever publicly listed human spaceflight company. In November it released its financial results for its third quarter of fiscal year 2019, showing it had net proceeds of over $430 million, which Virgin Galactic intends to use to fund its operations. The company also reported it received customer reservations from more than 600 people in 60 countries, representing approximately $80 million in total collected deposits, and over $120 million of potential revenue.

Will Take Bitcoin to Shoot You Into Space

Virgin Galactic is in a very futuristic line of business, so it makes sense it would adopt cryptocurrency to give it an image as such. And most of the people who have joined the scene early and made a fortune from crypto are tech-minded people, the perfect fit for the company’s would-be-astronaut clients. This is probably why the company’s founder announced years ago that they already had a client that paid with bitcoin.

On November 22, 2013, Branson stated that: “Bitcoin, the virtual currency, has really captured the imagination recently as one of the world’s most innovative businesses looking to the future. So we think it is about time Virgin Galactic customers can choose to pay with bitcoins. One future astronaut, a female flight attendant from Hawaii, has already purchased her Virgin Galactic ticket using bitcoins, and we expect many more to follow in her footsteps. All of our future astronauts are pioneers in their own right, and this is one more way to be forward-thinking.”

The famous serial entrepreneur also added that: “I have invested in some bitcoins myself, and find it fascinating how a whole new global currency has been created. For people who can afford to invest a little in bitcoins, it’s worth looking into.” Since 2013 Branson has expanded his interests and reach within the cryptocurrency world, among other things hosting an annual Blockchain Summit for industry luminaries on his private island.

Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space
Virgin Galactic’s White Knight Two spaceship landing in El Paso, Texas

Other space ventures have also adopted cryptocurrencies for payments in recent years. For example, in December 2018 we reported on Orion Span, a project that has plans to launch a space station that will be used as a luxury hotel, where a 12-night stay on the craft will set you back $9.5 million. The project accepts a few cryptocurrencies including bitcoin cash (BCH) and BTC. Also, the founder of the rocket company Spacex, Elon Musk, is fascinated with Bitcoin so you might be able to pay for a trip to Mars with crypto one day. Finally, if you can’t afford any of these options, at least your crypto knowledge could someday get you a job with NASA.

What do you think about Virgin Galactic and its connection to the cryptocurrency world? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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How to Mine Bitcoin in 2020

How to Mine Bitcoin in 2020

Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to know about the business.

Also Read: Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC

What Does It Take to Mine Bitcoin in 2020

Bitcoin mining is a transaction security and validation service done via distributed computer systems each racing to solve complex mathematical problems before the competition. Miners keep the global ledger consistent and immutable by repeatedly adding newly requested transactions into a block, which is then broadcast to the network and verified. For providing their valuable hashing power to the cryptocurrency network, miners are rewarded each time a new block is created by them in this fashion.

Anyone thinking about entering this line of work needs to know that long gone are the days where one could just mine bitcoin with a desktop PC or even an old laptop. These days, any profitable bitcoin mining is done via computer systems tailored exclusively for the task, professionally called application-specific integrated circuit (ASIC) miners.

How to Mine Bitcoin in 2020

The most popular bitcoin mining machines are the Antminer series from Bitmain, but there are additional hardware offerings from companies such as Microbt, Canaan, Ebang, and a few others. Take note that while some machines are available to be purchased off shelf already, or even immediately as second hand goods in online markets, when the newer models come out there is often a waiting period until they are shipped, and you need to take that into consideration.

Other than the upfront cost of the hardware, your main expanse as a miner is electricity. The power is primarily for operation of the computer systems themselves, but also for ventilation and air conditioning systems that might be needed depending on the situation. This is why professional miners routinely migrate around the world to locations that can offer them an optimal combination of lower electricity prices and hospitable weather.

Once the hardware is all set up, you then need to direct your mining machines to a mining pool such as F2pool, Poolin, Btc.com, and Antpool. These are groupings of miners that compete to get a block together and share the rewards according to the contributed hashing power, thus spreading the work and streamlining the revenue for each one.

How to Start Cloud Mining With Bitcoin.com

An easier alternative to setting up your own mining operation is to go for cloud mining. This is a way to generate cryptocurrency that doesn’t require buying any expensive equipment, or installing the infrastructure needed for it. All you have to do is find a provider that you trust and buy a contract from them, which is in essence renting hash power in a dedicated facility. Bitcoin.com is one such provider, with a cloud mining service focused on bitcoin cash (BCH) and BTC.

The company offers a selection of contract lengths, currently starting from just six months and running up to two years, and if you already have your own mining hardware you can connect it to the pool as well. The service also includes an app for Android and iOS mobile devices, so you can keep track of earnings, hashrate, and other statistics related to your contracts right on your phone.

What do you think about the attractiveness of mining bitcoin in 2020? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

Research has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out of China.

Also Read: China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China Scrubs Cash to Stop Virus Outbreak

The People’s Bank of China, the Chinese central bank, has announced that it has taken a number of actions to fight the spread of COVID19 – the novel coronavirus infecting the country. In a press conference on Saturday, February 15, it was revealed that commercial banks have been ordered they must take out of circulation used notes and disinfect them.

The disinfected fiat cash will also need to be kept in quarantine for a period of 7 to 14 days before it can be reintroduced to the public, with the length of time bills are kept in isolation varying from region to region according to its level of infection with the virus. Moreover, the Guangzhou branch of the People’s Bank of China claimed on Saturday that all used cash notes coming from hospitals, wet markets, and public transportation buses will simply be annihilated as soon as possible. And according to reports from the area, stacks of cash are now being stockpiled in warehouses waiting until they can be eliminated.

Additionally, Fan Yifei, deputy governor of the Chinese central bank, said Saturday that commercial banks have been instructed to give out new banknotes to clients instead of used ones if they can. For this purpose the People’s Bank of China made an “emergency issuance” of four billion RMB in new notes to the most severely effected region, Hubei province, right before the recent Lunar New Year holiday. These steps are meant to “secure the public’s safety and health when using cash”, Fan said.

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

Will Outbreak Have Long Term Implications on Cash?

Over 1,660 people have died from the COVID19 outbreak so far and almost 70,000 cases have been confirmed. Besides the heavy human cost, the spread of the virus has also had a strong impact on the Chinese economy. With cities under lockdown and civilians discouraged from leaving their homes, many businesses have taken a massive hit as both employees and customers have stayed away. The local stock markets have also taken a pounding and GDP growth numbers will probably need to be revised downward.

The recent moves to disinfect used fiat bills point to the need to consider this outbreak might have long lasting consequences for the usage of government paper money in the giant Asian country too. China was already a world leader in the use of mobile payments apps, with Alipay and Wechatpay allowing users to shop almost anywhere in the country and pay directly to anyone using QR codes. If many people in China will associate cash with the risk of catching deadly viruses they might dump it altogether.

Beyond China, this crisis might also be used by governments in different parts of the world that want to transition to a “cashless society” to justify their actions. They might introduce a ban on fiat paper cash as a public safety measure instead of just a way to ensure total surveillance on citizens’ economic lives. However, it is important to remember that fiat money was always dirty, not just as a concept, and research has shown that a random bill in New York can be home to hundreds of bacteria and up to 80% of USD notes in circulation contain traces of cocaine. Bitcoin Cash solves all this.

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

What do you think about China scrubbing paper money to stop the spread of the virus? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

Piracy Coin Pirate Chain Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

Pirate Chain (ARRR) is a privacy-focused cryptocurrency with non-optional, private-only addresses and transactions. This coin has is now available for trading to users of Bitcoin.com Exchange, soon after the team behind it joined the Blockchain Privacy, Security & Adoption Alliance.

Also Read: Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

ARRR Now Available for Trading on Bitcoin.com Exchange

Bitcoin.com Exchange has added support for trading Pirate Chain (ARRR), a privacy-focused cryptocurrency with non-optional, private-only addresses and transactions that are shielded by ZK-Snarks technology. The developers of the coin state that they aim to create the most secure and anonymous cryptocurrency, and explain that ARRR is secured by Bitcoin and Komodo’s hashrates through a Delayed Proof-of-Work algorithm.

Pirate Chain’s Captain Draeth commented on the Bitcoin.com Exchange listing: “It is difficult to find a large exchange that is willing to list privacy coins, especially Pirate Chain since we are one of, if not the most, private coin in existence. On top of that, most of the larger exchanges require some sort of company or corporation behind it, which goes against the ethos of Pirate Chain and crypto in general. Being able to list on this exchange shows that there are larger exchanges willing to list coins that represent financial freedom, because that’s exactly what Pirate Chain stands for.”

Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to keep user accounts secure at all times. Available digital assets include ADA, ATOM, BCH, BTC, EOS, ETC, ETH, LTC, ONT, TRX, USDT, WAVES, XLM and XRP.

To help introduce Pirate Chain to its users, Bitcoin.com Exchange is hosting a trading competition and a draw where users can win prizes in ARRR and BCH. For the exact details of the terms and conditions check out this page.

Pirate Chain Joins Blockchain Privacy, Security & Adoption Alliance

The Pirate Chain team has recently announced a partnership to form the Blockchain Privacy, Security & Adoption Alliance (BPSAA). In addition to Pirate Chain, current members of the BPSAA include Turtle Network, Sentinel and Ether-1. The alliance aims to lead by example on innovation and cooperation and become a vocal champion for the blockchain industry.

Turtle Network is a highly scalable smart contract platform with a decentralized exchange (DEX) featuring multi-currency secure wallets for all activities. Ether-1 is a community-governed, decentralized, content and web-hosting network. Sentinel is a multi-protocol ecosystem focused on equal access to a marketplace of distributed services and resources.

The BPSAA says it will continue to expand its foundation by onboarding projects with strong vision and real-life usage potential. Interested projects need to contact the alliance and applications will be reviewed on a periodic basis.

Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange, Joins New Alliance

According to BPSAA founder Pirate Chain Captain Draeth: “All members hold the belief that cross-platform interoperability between projects will create value and exciting innovative cross-chain fintech solutions. Each member provides a unique role and has their specialization within the alliance. This creates the foundation for a well-rounded alliance with a wide range of tools and skillsets. Together the alliance aims to set new standards for collaboration and innovation in the blockchain industry.”

Benefits to BPSAA members include a common forum of developers to help provide technical and integration assistance, a group think tank to cultivate ideas for new solutions, a united co-marketing effort that increases the visibility for all alliance members, and the right to vote on new alliance member applicants.

What do you think about Bitcoin.com Exchange listing pirate chain for trading? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets

Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets

Cred, a licensed crypto-backed lending and borrowing platform based in California, now supports litecoin. The service will allow LTC holders to earn up to ten percent interest through any of its partners including the Litecoin Foundation, Bitcoin.com, Uphold, and Bitbuy. Since July 2019 Cred allows Bitcoin.com customers to earn interest on BCH and BTC.

Also Read: Cred Merchant Solutions to Help Unbanked Business Sectors

Cred Now Accepting Litecoin

Cred, a licensed lender based in California, has announced that litecoin (LTC) holders will be able to earn up to ten percent interest on their digital assets following a partnership with the Litecoin Foundation. The partnership is expected to help support the altcoin’s development as a portion of the funding generated through the service will be funneled into the LTC developer community.

The platform will allow LTC holders to invest through any of Cred’s partners including Litecoin Foundation, Bitcoin.com, Uphold, and Bitbuy. Litecoin holders will be able to commit to a six-month term and receive monthly interest payments, with the option to roll over pledged assets for additional periods. The company explained that customers will receive the best Cred rates when staking Cred’s LBA utility token. No account minimum is needed and interest is paid out in fiat or cryptocurrency.

Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets

“We look forward to supporting the millions of Litecoin wallet holders with a more transparent, equitable set of financial services we have built, thanks to the advancement of blockchain technologies,” stated Dan Schatt, Co-Founder and CEO of Cred. “We’re thrilled to be working with Cred as our financial services partner, offering among the most competitive interest rates on Litecoin,” added Charlie Lee, creator of the altcoin.

Decentralized Banking and Lending Platform

Based in the San Francisco Bay Area, Cred is a decentralized banking platform serving customers in 190 countries with over $300 million in lending capital. It offers interest rates on more than 30 crypto and fiat currencies through its partner network.

In July of last year it was announced that a partnership between Bitcoin.com and Cred allows customers to earn up to ten percent interest on BTC and six percent on BCH invested with the platform. Those with investments over $25,000 have been benefiting from the partnership for the previous few months but it opened to all users, regardless of investment size, on July 15, 2019.

Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets
San Francisco Bay Area

Cred also is a member of the Universal Protocol Alliance – a group of cryptocurrency companies and blockchain organizations that want to connect different digital assets in a single network which also includes Bittrex, Certik, Omisego, Blockchain at Berkeley and Uphold. Bitcoin.com Exchange has provided an initial exchange listing for the Universal Protocol Token (UPT) and will also support Universal Protocol Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in addition to a tokenized version of bitcoin core, the Universal Bitcoin (UPBTC).

In October 2019 the company unveiled Cred Merchant Solutions, a point-of-sale handheld terminal that is meant to support companies that want to accept crypto payments. The Android-based terminal will be deployed to businesses at cost to help them quickly pay taxes and lower transaction fees. It is expected to support business sectors underserved by banks, like the $2 billion+ a year California cannabis industry.

What do you think about Cred now accepting LTC? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

Digital Assets Security Company Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany.

Also Read: German Fintechs Rush to Offer Crypto Custody Services Under New Law

Bitgo Expands to Switzerland and Germany

Bitgo, which provides institutional clients with security and financial services for digital assets, has announced that the company is expanding its international presence with two custodial entities in Switzerland and Germany.

The new Swiss entity (Bitgo GmbH) is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market Supervisory Authority (FINMA). The new German entity (Bitgo Deutschland GmbH) is currently providing custody services in Germany and is expected to apply for regulatory approval when the application window opens in November later this year.

Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

“We saw a lot of demand in Europe last year and it was clear that clients there needed to be able to work with European based firms that were regulated within specific jurisdictions,” said Mike Belshe, CEO of Bitgo. “Switzerland and Germany have both become important European centers for digital assets as well as for forward-thinking regulatory frameworks. Regulatory compliance is a prerequisite for our clients, and we have been impressed with the understanding and support of Swiss and German regulators.”

Regulated Crypto Custodian With $100 Million Insurance

In September 2018 the South Dakota Division of Banking approved Bitgo Trust Company as a public South Dakota Trust Company, allowing the company to offer its cryptocurrency custody services to institutional investors in the United States. The Palo Alto company’s backers include major investors from Silicon Valley and Wall Street such as Craft Ventures, Digital Currency Group, DRW Ventures, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

In February 2019 we reported that Bitgo had secured a $100 million insurance policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. The policy covers issues like insider theft by employees, loss or damage of private keys and hacks.

What do you think about Bitgo offering crypto custody services in Switzerland and Germany? Share your thoughts in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in New Gocrypto Trading Competition

Gocrypto enables businesses with physical or online stores to accept instant crypto payments from different digital wallets with millions of users. To help introduce the SLP token to even more users, Bitcoin.com Exchange is hosting a trading competition where you can win rewards worth $25,000 in GOC.

Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange

GOC Trading Competition

Bitcoin.com Exchange is launching a new trading competition to celebrate its partnership with Gocrypto. In total, users can win $25,000 worth of GOC in prizes in this event. The trading competition will start on Wednesday, February 12, and last for seven days.

At the end of the period, the 10 traders with the highest trading volumes for GOC/ETH and/or GOC/BCH pairs will share a pool of $20,000 worth of GOC, given out proportionally according to their accumulated trading volume. Additionally, a pool of $5,000 in GOC will be given out to 10 traders who will be selected at random. For the exact details of the competition check out this page.

Danish Chaudhry, Head of Bitcoin.com Exchange, stated: “We are excited to be hosting this trading competition together with our partner Gocrypto. It’s fantastic to see how fast they’re growing their customer base and how they are making crypto easier to use. With this competition we are celebrating our partnership by rewarding the community. To give everyone a chance to win, we’re including the lucky draw where 10 traders will be chosen to receive $500 GOC.”

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

Bitcoin.com Exchange was launched in early September 2019 as an easy-to-use platform with world-class security and a powerful trading engine. The platform employs institutional-grade encryption, two-factor authentication (2FA) and IP whitelisting to keep user accounts secure at all times. Available digital assets include ADA, ATOM, BCH, BTC, EOS, ETC, ETH, LTC, ONT, TRX, USDT, WAVES, XLM and XRP.

The Gocrypto Token and Solution

Gocrypto helps businesses accept cryptocurrencies as payment in a way that they are familiar with, without being exposed to the volatility of the crypto markets or to the regulatory and tax uncertainty that currently exists when receiving crypto in many countries. The service is already used in Slovenia, Croatia and Turkey by hotels, shops, restaurants, sports facilities and a range of service providers, including for flight tickets, taxi rides and car rentals. Shoppers just need to scan a purchase QR code with a digital wallet, select the desired cryptocurrency and confirm the transaction.

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

In September 2019 we reported that the startup behind the Gocrypto token completed a €4 million funding round with participation from Bitcoin.com and Pangea Blockchain Fund to help with its global expansion plans. On 25 November 2019, the GOC token started trading on Bitcoin.com Exchange following a successful migration to the Simple Ledger Protocol token system on the Bitcoin Cash blockchain, with the listing enabling BCH community members to access the SLP token.

What do you think about the Gocrypto trading competition on Bitcoin.com Exchange? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving

Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving

The total market capitalization of gold is estimated to be above $7 trillion, which is over 38 times that of bitcoin at the moment. However, there are those that think that the cryptocurrency is a better store of value for our age than the precious metal. The latest take on the idea explains how the upcoming halving fits into this.

Also Read: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Bitcoin to Rival Gold as a Store of Value

Bitcoin is set to rival gold as a store of value in the digital age argues Mike Co, over at the Coinbase Blog. According to his view, gold has been a historic store of value primarily because of its scarcity and that is something that the cryptocurrency can replicate. Moreover, while the precious metal is very rare, there is no way to undeniably verify the exact total gold supply, unlike with the digital asset. And scarcity is also baked right into code of bitcoin, with the software placing explicit limits on how much can be produced and when. This is done with deterministic methods such as a mandatory halving.

“If tomorrow, a very hypothetical asteroid the size of that gold box were to crash into the Earth, the value of gold would also crash,” explained Mike Co. “While gold is shiny and can be useful in electronics, so are other metals like copper. Yet copper is worth a tiny fraction of the value of gold.”

Bitcoin is also better than any precious metal can be in many ways. Benefits include its auditability, portability, and divisibility. Another feature he lists is the privacy of transactions, as BTC can be sent digitally and pseudonymously. Additionally, Mike Co mentions relatively low fees to send large sums in bitcoin internationally as there is no need for armored transport and guards as with gold.

Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving

“This past decade, Bitcoin’s value in gold has risen significantly amid surging global economic uncertainty. Gold, and bitcoin, are safe havens from fiat currency devaluation, which historically tends to be incited by surging government debt,” concluded Mike Co. “Armed with a myriad of technological advantages, accelerating development, and maturing global market, Bitcoin is a store of value to rival gold in the digital age.”

What Is the Bitcoin Halving?

Every time a new block is mined, those who facilitated it are rewarded with a set amount of coins. But once every 210,000 blocks this set reward amount is programmed to decrease by half, hence the name halving. This mechanism was created by Satoshi Nakamoto to ensure the current supply is limited, making coins more scarce as there will never be more than 21 million in circulation. It can also create upward pressure on the price in contrast to most fiat currencies that only lose value over time due to inflation.

The first-ever halving took place in 2012 when the block reward initially set to 50 coins fell to just 25. The second and last halving so far took place in 2016 when the block reward dropped from 25 to just 12.5 coins. The upcoming bitcoin cash and bitcoin SV halving events are expected to occur during April 2020. After this happens, BCH and BSV miners will lose half the current block reward (12.5 coins) and receive just 6.25 coins and fees per block mined. The BTC halving is expected not far after that in May 2020.

Do you think that any cryptocurrency will rival gold as a store of value in the digital age? Share your thoughts in the comments section below.

Disclaimer: Price articles and market updates are intended for informational purposes only and should not be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation

London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation

London-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficulties and is now being liquidated. Despite rising crypto prices, which typically lead to an influx of new traders, some regulated exchanges have struggled to survive amidst rising legal fees, compliance costs, and other overheads.

Also Read: Crypto Winter Claims Another Victim as DX Exchange Closes

LBX Placed Into Compulsory Liquidation

Dragon Payments Limited, formerly known as London Block Exchange Limited and trading as LBX, has been placed into compulsory liquidation following a winding up order that was made against the company on January 31, 2020. This is a legal term for when someone applies to the court in the U.K. asking to close down a company if it cannot pay its debts.

According to a notice that replaced the platform’s front page, Paul Cooper and Paul Appleton, both of David Rubin & Partners, were appointed joint liquidators of LBX on February 4, 2020 by order of the U.K.’s Secretary of State. The joint liquidators and their team are said to be working toward resolving client concerns as a matter of priority, including the recovery of any sums of money owed to them, and ask that all claims for repayments should be addressed to them directly.

London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation

LBX had opened in November 2017 for OTC trades and was based in London’s Canary Wharf commercial district. The multi-cryptocurrency platform provided crypto exchange services to retail consumers and institutional investors via an online platform and through a mobile app. It followed very strict know-your-customer and anti-money-laundering procedures as it was also an e-wallet services provider registered with the U.K.’s Financial Conduct Authority (FCA).

In October 2018 we reported that LBX launched a service offering access to an account where clients can store, manage and transfer their fiat currency and cryptocurrency holdings. Aimed at the business sector, LBX Pay offered a banking-like solution to those involved in the cryptocurrency industry such as ICOs, traders and funds. The service enabled clients to convert holdings from fiat and cryptocurrency without having to move funds between accounts or service providers.

What do you think about LBX facing compulsory liquidation? Share your thoughts in the comments section below.


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Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation appeared first on Bitcoin News.

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

Not Just Ebay, NYSE Owner Intercontinental Exchange to Push Bakkt to Retail With Latest Acquisition

The owner of the New York Stock Exchange, Intercontinental Exchange, stunned many on Wall Street recently with a reported takeover bid for e-commerce marketplace Ebay. Now the group is aggressively trying to push its regulated bitcoin derivatives exchange Bakkt into the retail space with its latest acquisition of a loyalty solutions provider.

Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia

Bakkt to Acquire Loyalty Points Wallet Provider

Bakkt, the digital assets subsidiary of the parent of the New York Stock Exchange ,  Intercontinental Exchange (NYSE: ICE), has so far focused on providing institutional investors with regulated crypto derivatives instruments such as bitcoin futures and options. Now it’s heading into the retail market. On Wednesday ICE has announced that it has agreed to acquire Bridge2 Solutions, a provider of loyalty solutions, and that following the completion of this transaction, Bakkt will acquire Bridge2 Solutions in turn from its parent company.

The second phase purchase will be made using proceeds from a Series B round of funding which is expected to close later this quarter. The financial details of the deal have not been disclosed publicly as of yet. When Bridge2 Solutions ultimately joins Bakkt, the company hopes the strategic combination will accelerate the development of its consumer app, which will provide digital asset aggregation, conversion and payments through a single platform.

According to its website, Bridge2 Solutions works with some of the world’s leading brands and powers programs for seven of the top 10 financial institutions. It operates 4,500 loyalty, incentive and employee perk programs for companies across a wide spectrum of industries. The company’s Loyalty Pay solution gives consumers the ability to pay with reward points both at the point of sale (PoS) in retail stores and in-app through digital wallets. Integrating with Bakkt may allow its retail partners to offer loyalty programs based on cryptocurrencies or tokens too.

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

“With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet,” said Mike Blandina, CEO of Bakkt. “Combining Bridge2 Solutions’ embedded relationships with banks and merchants and their innovative Loyalty Pay solution will enable us to launch new products that further drive loyalty and empower consumers to trade, transfer and spend digital assets in entirely new ways.”

ICE Pushes Into Retail With Ebay and Bridge2

Intercontinental Exchange owns and operates about a dozen regulated equity exchanges and marketplaces around the world such as the New York Stock Exchange. That’s why it surprised many on Wall Street when it was reported a couple of days ago that the finance giant has made a bid to take over e-commerce marketplace Ebay (NASDAQ: EBAY). On Tuesday ICE denied the media reports with a statement that it “approached Ebay to explore a range of potential opportunities that might create value for the shareholders of both companies. Ebay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of Ebay.”

Regarding the latest Bakkt acquisition deal, it might be able to frame the move as a new focus on retail consumers, especially young people that are more used to shopping online than investing in equities.

Hinting at the reasoning behind the Bridge2 Solutions deal, ICE noted that the global ecosystem for digital assets represents over $1.2 trillion in value and includes digital rewards, loyalty points, in-game virtual assets, merchant stored value, gift cards and cryptocurrencies. “Millennial consumers, in particular, embrace this form of value,” ICE stated. “Whether they are monetizing loyalty points from a favorite airline or trading skins for a video game, the Bakkt app will enable consumers to unlock much of that value, allowing them to trade and spend their digital assets freely, as they would any other currency.”

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

“Bakkt was created to help bring transparency and trust to the previously unregulated digital asset markets,” said Jeffrey Sprecher, CEO of ICE. “With the launch of the Bakkt Warehouse and Bakkt futures and options markets, the company has achieved quick success with its custody and trading offering. Bakkt’s second round of funding, and its acquisition of Bridge2 Solutions, will help accelerate the development of Bakkt’s consumer application, which has been a key part of our strategy since we first looked at this market.”

What do you think about ICE pushing Bakkt into the retail digital wallet space with this acquisition? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition appeared first on Bitcoin News.

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

Not Just Ebay, NYSE Owner Intercontinental Exchange to Push Bakkt to Retail With Latest Acquisition

The owner of the New York Stock Exchange, Intercontinental Exchange, stunned many on Wall Street recently with a reported takeover bid for e-commerce marketplace Ebay. Now the group is aggressively trying to push its regulated bitcoin derivatives exchange Bakkt into the retail space with its latest acquisition of a loyalty solutions provider.

Also Read: Bakkt Launches Bitcoin Options in US, Futures in Asia

Bakkt to Acquire Loyalty Points Wallet Provider

Bakkt, the digital assets subsidiary of the parent of the New York Stock Exchange ,  Intercontinental Exchange (NYSE: ICE), has so far focused on providing institutional investors with regulated crypto derivatives instruments such as bitcoin futures and options. Now it’s heading into the retail market. On Wednesday ICE has announced that it has agreed to acquire Bridge2 Solutions, a provider of loyalty solutions, and that following the completion of this transaction, Bakkt will acquire Bridge2 Solutions in turn from its parent company.

The second phase purchase will be made using proceeds from a Series B round of funding which is expected to close later this quarter. The financial details of the deal have not been disclosed publicly as of yet. When Bridge2 Solutions ultimately joins Bakkt, the company hopes the strategic combination will accelerate the development of its consumer app, which will provide digital asset aggregation, conversion and payments through a single platform.

According to its website, Bridge2 Solutions works with some of the world’s leading brands and powers programs for seven of the top 10 financial institutions. It operates 4,500 loyalty, incentive and employee perk programs for companies across a wide spectrum of industries. The company’s Loyalty Pay solution gives consumers the ability to pay with reward points both at the point of sale (PoS) in retail stores and in-app through digital wallets. Integrating with Bakkt may allow its retail partners to offer loyalty programs based on cryptocurrencies or tokens too.

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

“With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet,” said Mike Blandina, CEO of Bakkt. “Combining Bridge2 Solutions’ embedded relationships with banks and merchants and their innovative Loyalty Pay solution will enable us to launch new products that further drive loyalty and empower consumers to trade, transfer and spend digital assets in entirely new ways.”

ICE Pushes Into Retail With Ebay and Bridge2

Intercontinental Exchange owns and operates about a dozen regulated equity exchanges and marketplaces around the world such as the New York Stock Exchange. That’s why it surprised many on Wall Street when it was reported a couple of days ago that the finance giant has made a bid to take over e-commerce marketplace Ebay (NASDAQ: EBAY). On Tuesday ICE denied the media reports with a statement that it “approached Ebay to explore a range of potential opportunities that might create value for the shareholders of both companies. Ebay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of Ebay.”

Regarding the latest Bakkt acquisition deal, it might be able to frame the move as a new focus on retail consumers, especially young people that are more used to shopping online than investing in equities.

Hinting at the reasoning behind the Bridge2 Solutions deal, ICE noted that the global ecosystem for digital assets represents over $1.2 trillion in value and includes digital rewards, loyalty points, in-game virtual assets, merchant stored value, gift cards and cryptocurrencies. “Millennial consumers, in particular, embrace this form of value,” ICE stated. “Whether they are monetizing loyalty points from a favorite airline or trading skins for a video game, the Bakkt app will enable consumers to unlock much of that value, allowing them to trade and spend their digital assets freely, as they would any other currency.”

Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition

“Bakkt was created to help bring transparency and trust to the previously unregulated digital asset markets,” said Jeffrey Sprecher, CEO of ICE. “With the launch of the Bakkt Warehouse and Bakkt futures and options markets, the company has achieved quick success with its custody and trading offering. Bakkt’s second round of funding, and its acquisition of Bridge2 Solutions, will help accelerate the development of Bakkt’s consumer application, which has been a key part of our strategy since we first looked at this market.”

What do you think about ICE pushing Bakkt into the retail digital wallet space with this acquisition? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Not Just Ebay, NYSE Owner Intercontinental Exchange Pushes Bakkt to Retail With Latest Acquisition appeared first on Bitcoin News.

Public Sale Is Live for Coin Powering Cypherpunk Pioneer David Chaum’s Privacy Focused Xx Network

Public Sale Is Live for Coin Powering Cypherpunk Pioneer David Chaum’s Privacy Focused Xx Network

The Xx network is designed to allow people to communicate and exchange value without revealing any information to intrusive government agencies or companies that collect and sell personal data. It was created by Dr. David Chaum, a world-renowned cryptographer and privacy advocate. The public sale of the Xx coin that powers the network is now live.

Also Read: David Chaum’s Elixxir Invites Smartphone Users to Test Private Messaging

Xx Public Sale Is Now Live

The initial Xx coin public sale started on 23 January, and will close when the target cap of $15 million is reached or on 19 February, 2020. This digital token is designed to support and incentivize the Xx network, the privacy-protecting blockchain led by Dr. David Chaum, founder of the Elixxir and Praxxis projects which underpin the decentralized ecosystem. The platform will support decentralized messaging, payments, and apps, and was designed in response to growing public concern for user privacy and online security.

The full details of the Xx network public sale can be found through the xx-coin.io website. Americans please take note that due to regulatory concerns U.S. persons are excluded from this initial public sale. The team and company (xx network SEZC) are based and headquartered in Grand Cayman.

The Xx network integrates technology from two projects and teams: Elixxir and Praxxis, both led by Dr. Chaum. Elixxir technology protects privacy by combining end-to-end encryption with a metadata shredding mix network which obscures metadata for messaging and payments. With Elixxir, both messages and payments are mixed together, shredding all metadata and preventing third parties from seeing that a message or payment was ever sent. Praxxis has developed what is a next-generation, quantum secure blockchain which uses a unique consensus mechanism. After transactions are mixed through Elixxir, payments are passed to the independently owned nodes running the Xx consensus protocol to be confirmed and added to the blockchain.

Public Sale Is Live for Coin Powering Cypherpunk Pioneer David Chaum’s Privacy Focused Xx Network

Explaining the difference from other privacy focused solutions, the Xx developers note that while many of today’s communications platforms are encrypted, they don’t protect metadata. Metadata is data about data, such as who sent a message, who received it, where it was sent from, and what time it was sent.

“Email, social media, and mobile applications have transformed the way we communicate and exchange value,” the team stated. “However, mainstream technology companies have proven unwilling or unable to protect user privacy, opting for profits based on advertising instead. Even with encrypted messaging applications, metadata is collected to track consumer behavior including the sender, recipient, and time stamp. Governments and organizations can use this data to manipulate users and ultimately threaten our freedom.”

When metadata is collected and analyzed, it can reveal a lot about an individual. The Xx network is meant to change this by offering secure, encrypted communications and payments that fully obscure metadata and allowing you to transact without the fear of being spied on. Former National Security Agency (NSA) and Central Intelligence Agency (CIA) Director, Michael Hayden, famously said in 2014 that “We kill people based on metadata.” He explained that “metadata alone can provide an extremely detailed picture of a person’s most intimate associations and interests, and it’s actually much easier as a technological matter to search huge amounts of metadata than to listen to millions of phone calls.”

Developed by Cypherpunk Pioneer David Chaum

Dr. David Lee Chaum is a pioneer in cryptography and privacy-preserving technologies, and widely recognized as the inventor of digital cash. Known as “The Godfather of Privacy,” Dr. Chaum first proposed a solution for protecting metadata with mix-cascade networks in 1979. In 1982, his dissertation at the University of California, Berkeley became the first known proposal of a blockchain protocol.

In 1995 Chaum’s company Digicash, an electronic money corporation, created the first digital currency with ecash. The renowned cypherpunk once lamented that internet technologies would create a dossier society where government would catalog information on each individual and track every person and keep tabs on their comings and goings.

Today, Dr. Chaum is the founder of Elixxir, Praxxis, and the Xx network. Chris Larsen, a serial entrepreneur and co-founder of the Ripple Network, commented about the Xx early private sale, “David Chaum has been a defender of privacy in the digital world for almost forty years. I am proud to be an early backer and look forward to seeing this consumer-facing blockchain open the door to secure use by millions of individuals in their daily lives.”

The Xx coin is used to incentivize governance that enforces transparent operation of the network and empowers users to participate in the ecosystem. The Xx coin is also used to pay for high volume messaging, effect payments and in decentralized apps.

In September 2019 Elixxir announced the launch of the Xx network public alpha and invited smartphone users to test the network’s private messaging capabilities. Maintained by a team of nodes run by independent operators, the Xx network alpha represents the first public demonstration of Cmix, the transaction network that shreds metadata and provides unprecedented consumer privacy and security. The Xx messenger ensures users’ messages are not only end-to-end encrypted but also are stripped of all metadata, protecting all private user information.

What do you think about the Xx coin public sale? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Public Sale Is Live for Coin Powering Cypherpunk Pioneer David Chaum’s Privacy Focused Xx Network appeared first on Bitcoin News.

Blockchair Launches Release Monitor so You Will Never Miss Another Hard Fork or Core Client Update

Blockchair Launches Release Monitor so You Will Never Miss Another Hard Fork or Core Client Update

It can be very hard to keep track of all the latest software upgrades in the crypto ecosystem, which is a crucial thing to do for developers of multi-coin projects such as wallets and exchanges. For this purpose, Blockchair​ has created a free ​release monitor​ that helps you follow upcoming hard forks and core client updates for a dozen different crypto networks.

Also Read: Blockchair Feed Reveals Messages Encoded in the BCH, BTC and ETH Blockchains

Blockchair Launches Free Release Monitor

Blockchair is a search and analytics engine for different crypto networks that offers developer tools such as APIs, direct SQL-access, Data Dumps and PDF-receipts. On Monday the Blockchair team launched a free release monitor that allows developers to find all upcoming hard forks and core client updates for a dozen crypto networks in one place.

This new feature is especially designed to be useful for developers of multi-currency blockchain software such as wallets and exchanges. With this tool, they will never miss a hard fork or core client update anymore. As soon as there is a new release of blockchain reference node software, users of the monitor will be among the first to know about it. The release monitor is available on the website, and also via an API and a dedicated Telegram channel.

“The idea is that there are lots of blockchains with constant updates, forks, etc, explained Nikita Zhavoronkov, Lead Developer at Blockchair. “The thing is that once there are more than 2 or 3 blockchains you support, it becomes a mess to get to know about the latest updates. There are some tools that allow you to track multiple Git Hub repositories at once, but this still requires some setup. We had all the updates on our internal kanban board, so we decided to make a small, but extremely useful, tool for this.”

Blockchair Launches Release Monitor so You Will Never Miss Another Hard Fork or Core Client Update

Blockchair has been described as an engine of blockchain explorers on steroids. It covers the crypto networks of Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Cardano, Bitcoin SV, Stellar, Monero, Dash, Dogecoin, Groestlcoin, and Telegram Open Network. Users can get information about a crypto’s price, network difficulty, and transactions per second while also being able to look at networks simultaneously for comparisons. For instance, you can compare the difficulty of one blockchain in contrast to the BCH network difficulty.

What do you think about this new tool from Blockchair? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Blockchair Launches Release Monitor so You Will Never Miss Another Hard Fork or Core Client Update appeared first on Bitcoin News.