What is Bitcoin?

A quick guide on the Bitcoin blockchain and how to buy BTC with a wallet. How to mine cryptocurrency: https://www.youtube.com/watch?v=U9JIanRXsfU Coinbase: https://www.coinbase.com/ Subscribe! http://www.youtube.com/austinevans Instagram: http://instagram.com/austinnotduncan Twitter: http://twitter.com/austinnotduncan Facebook: https://www.facebook.com/austinnotduncansource 0

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Kodak-Branded Bitcoin Mining Rig Labelled a Scam

[ad_1] KashMiner, a Bitcoin mining computer which was on display on Kodak’s official stand at the CES technology show in Las Vegas in January, turned out to be a misleading product with unachievable advertised profits. The product, which was never officially licensed by Kodak, will not go ahead, according to the company behind the scheme. BBC Uncovers Suspicious Bitcoin Mining Rig for Rent Spotlite USA is a brand licensee for Kodak LED lighting products, which allows the company to put the famous brand on its own products. In January 2018, the firm exhibited a rentable cryptocurrency mining computer. Its business plan was based on letting people pay an upfront fee to rent the computer. Customers would be able to pay off the $3,400 fee and make a profit out of the cryptocurrency mining activity with KashMiner. A BBC report, however, found that the company was never officially licensed to use Kodak’s brand for the mining rig and that the estimated payout for cryptocurrency miners was unrealistic given that mining Bitcoin is increasingly difficult and costly. The promotional material promised earnings of $375 per month for two years, which would total $9,000 by the end of the contract and provide a profit of $5,600 for Bitcoin miners. Saifedean Ammous, a Professor of Economics at the Lebanese American University and author of ‘The Bitcoin Standard: The Decentralized Alternative to Central Banking’ told the BBC that every single Bitcoin miner using KashMiner would lose money in such an investment. “There is no way your magical Kodak miner will make the same $375 every month,” Ammous said. The company’s CEO, Halston Mikail, said he plans to install hundreds of KashMiners at Kodak’s headquarters and that it had already installed 80 devices there. The claim was refuted by a spokesperson for Kodak, who told BBC that no devices had ever been installed. “While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.” Questioned by the BBC in a phone call, Spotlite’s CEO claimed that the deal with Kodak didn’t go forward because of interference from the U.S. Securities and Exchange Commission (SEC) and that the company changed its business plan. Instead of renting KashMiners to consumers, Spotlite USA will be running its mining operation in Iceland, where it has a number of devices installed. It is unclear that Spotlite USA was attempting to scam cryptocurrency miners, but evidence suggests gross miscalculation and deceit. Featured image from Shutterstock. [ad_2]Source link 0

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Korean Crypto Giant Bithumb Eyes Japan and Thailand for Expansion

[ad_1] South Korean exchange Bithumb has announced that it will open new offices in Japan and Thailand. According to local news outlet ZDNet, Bithumb is awaiting the approval of Japanese Financial Services Agency (FSA) and Thai Securities and Exchange Commission (SEC). Cryptocurrency Regulations in Japan & Thailand Bithumb explained that it chose Thailand because the e-commerce and fin-tech industry is extremely active in the country. Moreover, Thai regulators understand and welcome cryptocurrencies in order to promote “smart city business” – not only did the SEC publicly accept ICOs as the perfect way to support startups but also planned to regulate five of them last month. As a result of the crypto-friendly environment, Bithumb might start its operations in Thailand as early as October 2018. Bithumb is banking that it can convince regulators in Japan to approve its cryptocurrency exchange application, even though its South Korea-based platform was hacked earlier this yearJapan, on the other hand, has been tightening its rules for crypto-related companies. In January 2018, Japanese crypto exchange Coincheck was hacked; the criminals were able to steal the money since funds were kept in a hot wallet. After a few months, Japanese cryptocurrency Monacoin also suffered a network attack by a miner. Thus, the FSA started cracking down on crypto exchanges that didn’t follow the rules set by the organization by issuing business improvement orders. Last month, an exchange was officially rejected by the FSA for not establishing a proper system. However, Bithumb is optimistic that its application will be accepted and the new office will commence its service in Japan in February 2019. In fact, the exchange plans to expand its business further and is looking for new global partners. Does Bithumb’s Decision Come at the Wrong Time? However, it remains to be seen whether the FSA will grant Bithumb, which itself was recently hacked, authorization to operate in Japan. On June 2018, 2018, the crypto exchange suffered an attack, and $31 million from 11 different cryptocurrencies were stolen within a small amount of time. The remaining funds were quickly transferred from hot wallets to cold wallets. As CCN reported previously, Coincheck and Bithumb’s hack had one thing in common: the platforms were simply not secure enough to defend against such attacks. A few days later, Bithumb announced that it had recovered 45% of the stolen funds. The exchange then went on to thank other crypto exchanges for supporting it in order to minimize the damages. Now, after two weeks of silence, Bithumb has notified everyone that it is taking a huge step by setting up two new offices. If Bithumb manages to fix security issues and convince FSA successfully, then this decision will help the exchange regain its position in the top 10 crypto exchanges, despite the fact that it has lost some customers in South Korea as a result of its recent hack. Featured Image from Shutterstock Follow us on Telegram or subscribe to our newsletter here. • Join CCN’s crypto community for $9.99 per month, click here. • Want exclusive analysis and crypto insights from Hacked.com? Click here. • Open Positions at CCN: Full Time and Part Time Journalists Wanted. Advertisement [ad_2]Source link 0

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CFA Institute Adds Cryptocurrency Topics to its 2019 Financial Exam

[ad_1] The Chartered Financial Analyst (CFA) Institute are adding cryptocurrency and blockchain topics to their 2019 exam. The subjects will form a new module called Fintech in Investment Management. Inclusion on the CFA Institute Exam Important for Public Perception of Crypto The CFA Institute have responded to growing demand for education on digital currencies and blockchain. According to a report from Bloomberg, many connected with the financial industry have requested the inclusion of such topics through interest groups and surveys. The exam itself is a three-level study. It has already been taken by over 150,000 professionals in the financial industry. The 2019 edition of the paper will, for the first time, include study of cryptocurrencies and blockchain. The inclusion of such topics is appropriate as more traditional financial interests are beginning to explore digital currencies. The likes of the CBOE and the CME Group launched Bitcoin futures contract trading late last year, and Goldman Sachs have been exploring how they can offer cryptocurrency trading. Stephan Horan is the managing director for general education and curriculum at the CFA Institute in Virginia. He spoke to Bloomberg about the decision to include the topics on their curriculum: “We saw the field advancing more quickly than other fields and we also saw it as more durable. This is not a passing fad.” Kayden Lee, a student of finance at Colombia University, added that the extra topics would be beneficial to those in similar educational pursuits since there has been a “huge expansion and adoption of crypto in our investment universe.” As well as the dedicated fintech module, cryptocurrency will also appear as part of the professional ethics side of the course. Such inclusion is relevant as many see ethics as being absent from the digital currency space – particularly as the financial innovation largely exists outside of legal frameworks at present. Candidates take the CFA Institute exam to give them a better understanding of global finance, as well as a greater likelihood of landing a job in the field. According to Bloomberg, most of the candidates taking the test come from Asia. This also happens to be where a lot of current cryptocurrency trading takes place. Darius Sit, a foreign-exchange trader-turned managing partner at a digital asset trading platform in Singapore, believes that the decision of the CFA Institute to include topics on cryptocurrency and blockchain is beneficial to the space as a whole. He told Bloomberg that “more education is always good.” Elsewhere, cryptocurrency and blockchain courses are becoming more widely available. Several universities now offer courses on the subject. Institutions in Illinois, India, and Australia have all recently included studies on the financial and technological innovation. Featured image from Shutterstock. [ad_2]Source link 0

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Bear Market Here! – CryptoCurrency Market Analysis – Crypto Market News

The bears have taken over the CryptoCurrency market, let’s analyze the crypto market and go over news. Buy Our Merchandise: https://teespring.com/stores/cryptocoinnews Follow Us on Twitter: https://twitter.com/CryptoCoinNewz Join Our Telegram: https://t.me/ccncryptochat Business Email: officialcryptocoinnews@gmail.com I am not a professional financial adviser. All investments you make are of your own. Do your own research. All ICO Reviews are paid reviews and all opinions are our opinions. Do your own research!source 0

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$12 Billion Bitmain’s Second Major Investment in 2018 is EOS

[ad_1] Bitmain, the world’s largest cryptocurrency company valued at $12 billion, and billionaire technology investor Peter Thiel have invested in Block.one, the development firm behind EOS. Jihan Wu, the co-founder and CEO of Bitmain, who is expecting to close a $12 billion initial public offering (IPO) this summer, said in an official statement that the EOS protocol has shown significant innovation over the past year, with its focus on creating a scalable ecosystem for decentralized applications (dApps) and commercial decentralized platforms. “The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption,” said Wu. Brendan Blumer, the CEO of Block.one, which has raised sufficient capital throughout its 12-month long $4 billion initial coin offering (ICO), emphasized that the company is currently interested in working with strategic investors that are aligned with the values and vision of the EOS team and community. Blumer stated: “As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.” Bitmain’s Second Major Investment in Two Months Bitmain is best known for its bitcoin mining operation, but it has gradually been expanding its reach into other sectors.In July, CCN reported that Bitmain became the biggest company in the cryptocurrency sector, easily surpassing Coinbase, Binance, and Ripple Labs with a staggering $12 billion market valuation. Since forming its investment arm in early 2018, Bitmain has evolved into a proper conglomerate, initiating large-scale acquisitions and investments in the blockchain sector. In May, Bitmain led a $110 million Series E round for Circle, a cryptocurrency exchange and wallet platform, to financially back the company’s long-term plan of maintaining private central banks, those that are independent of the government, through the development of a properly audited and transparent stablecoin. “Bitmain Co-founder and CEO Jihan Wu is well known for espousing a vision similar to ours regarding the creation and adoption of a new global economy powered by cryptographic assets, distributed contracts, and open source blockchain technology. We are excited to be working directly with Bitmain on realizing our shared vision,” Circle said at the time. The investment of Bitmain into Block.one is its second major multi-million dollar investment in the cryptocurrency sector in a span of three months, prior to its planned IPO in the Hong Kong stock market (Bitmain also invested $50 million in web browser Opera). In previous statements, Wu and the Bitmain team expressed their enthusiasm towards decentralized protocols and dApps, especially platforms that are able to attract and serve millions of users with a network that can handle large volumes of transactions and information. The acquisition of a stake in Block.one is in line with Bitmain’s intent to expand throughout the cryptocurrency and blockchain sector, with its mining equipment manufacturing business and investment arm as the company’s two core businesses. Where EOS Goes From Here If EOS is technically capable of serving dApps with millions of users and process tens of thousands of transactions per second, it will need to gain an active developer community that is on par with that of Ethereum. As of July, Ethereum is said to have more than 250,000 developers on its protocol, including those initiating ICOs and creating independent blockchain networks deployed on top of the Ethereum blockchain protocol. Images from Shutterstock Follow us on Telegram or subscribe to our newsletter here. • Join CCN’s crypto community for $9.99 per month, click here. • Want exclusive analysis and crypto insights from Hacked.com? Click here. • Open Positions at CCN: Full Time and Part Time Journalists Wanted. Advertisement [ad_2]Source link 0

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Bitcoin foi Liberado!

Aprenda: Como ganhar dinheiro com BITCOIN , Como ganhar dinheiro na internet, ganhar dinheiro na internet, ganhar dinheiro online, como ganhar dinheiro ✅ Link da DLD: https://dldcompany.com/?ref=2349 ✅ BTCBolsa – Para compra e venda de Bitcoin https://btcbolsa.com 🔴 Como ganhar Bitcoin sem precisar investir: 🔴 Como investir em Bitcoin: ✅ Canais Parceiros: https://www.youtube.com/channel/UCaKcY0Dof02GTcdZDpGHtGg/channelssource 0

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Binance CEO Confirms Fourth Quarterly Binance Coin Burn

[ad_1] The CEO of the world’s foremost cryptocurrency exchange, Binance, has just confirmed that it will be going forward with an upcoming BNB token burn. Binance’s Fourth Token Burn Binance has become well-known for offering so-called ‘token/coin burns’, buying back and destroying its native cryptocurrency (BNB) every fiscal quarter. The burn has become so popular that users eagerly await the announcement, buying BNB in anticipation for the eventual burn. As per the CEO of Binance’s tweet, the Binance team is getting prepared for the fourth quarterly burn, as Binance has recently reached the ripe age of one-year-old. Changpang Zhao, who goes by the nickname ‘CZ’ in the cryptocurrency community, wrote: “Binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that. Thank you for your patience and support!” @binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that. Thank you for your patience and support! pic.twitter.com/ulWfHeUGbb — CZ (not giving crypto away) (@cz_binance) July 16, 2018 Binance’s last token burn was completed just three months ago on April 15th, with the exchange burning just over two million BNB, or approximately 1% of the Binance Coin’s total supply. In an announcement, the exchange wrote: “In accordance with our whitepaper, we have now completed the burn of 2,220,314 BNB (roughly $30MM USD equivalent) for our 3rd quarter.” According to the exchange’s whitepaper, every quarter, Binance will use 20% of its profits to buy back BNB at market value and ‘burn’ them, removing said tokens from the overall circulating supply. This process will continue until 50% of all BNB are burned, or approximately 100 million tokens. Binance Sees Profits Reach New Highs, How Will This Affect the Token Buyback? Despite seeing declining prices over the past six months in the cryptocurrency market, Binance’s profits have reached all-time highs, as its user base grows rapidly. In an interview with Bloomberg, Zhao revealed that Binance has raked in nearly $300 million in the first six months of 2018. Additionally, the CEO noted that the user base of the exchange has grown by five-fold, from two million to 10 million, not looking anything like Bitcoin’s price chart. With the aforementioned figures in mind, it has become apparent that this token burn has the potential to be much more substantial than the rest. Doing some quick calculations, taking into account Binance’s reported profits and the dollar value of the tokens burned last quarter, Binance will most likely spend a similar amount on the burn for this quarter. Additionally, it is likely that Binance will burn nearly the same amount of tokens as last quarter, if not even more. Binance Coin Outperforms Bitcoin, Sees Outstanding Year Binance’s in-house cryptocurrency has performed extremely well over the past year, seeing 100 times gains over its 10-cent ICO price. The 17th largest cryptocurrency by market capitalization currently sits at a cool $13.31, up 8% on the day. BNB has seen a fantastic year, tripling in value while relatively compared with Bitcoin, as it moved from 0.0006 to 0.0019 Bitcoin per token. It is likely that price action following the burn will be moving upwards, rather than downwards, as the coin burns have historically been bullish for the Binance Coin. Featured image from Shutterstock. [ad_2]Source link 0

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Fmr. Macau Gangster Raises $750 Million in 5-Minute ICO

[ad_1] An initial coin offering (ICO) operated by a little-known company in China and backed by a former Macau gangster raised $750 million in less than five minutes. The South China Morning Post reports that World Hung Mun Investment — led by former 14K Triad gangster “Broken Tooth” Wan Kuok-koi — sold 450 million “HB” tokens at three release parties held in Cambodia, Thailand, and the Philippines. The firm intends to hold a final event in Malaysia on Wednesday and release a total of 50 million more tokens to the public. These 500 million tokens will comprise half of the total HB supply. According to offering documents, the firm plans to use this capital to sponsor chess and poker tournaments online, as well as throughout China’s Hainan province. Much like last week’s announcement that 4,500-year-old board game Go will be getting a blockchain revamp, it’s not entirely clear what value cryptocurrency tokens add to chess and poker tournaments. Some observers have suggested that giving out cryptocurrency as prizes could take advantage of a loophole in local gambling laws, but bitcoin or another established coin would fulfill such a use case much more successfully. In any case, those gaming tournaments will be launched in partnership with Zhonggongxin Cosmos (Beijing) Internet Technology Limited, a mysterious firm who the SCMP reports may ultimately be operated by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). “You can check the website and other materials online,” a Zhonggongxin Comsos representative told the publication when asked if the company was state-owned. “I’m not at liberty to disclose anything else.” That’s not the only association that’s raising eyebrows. The ICO operators have also been connected to controversial data analytics firm Cambridge Analytica, who is at the center of a recent Facebook data-sharing scandal and had itself mulled a $30 million ICO. Other questions have been raised about the ICO, including the fact that the token is not yet open source and appears to only be listed on a little-known exchange called a.top, whose parent company is a business partner of Zhonggongxin Cosmos. Macau regulators, as CCN reported, expressed concern over the ICO prior to its token sale phase, warning residents of “fraud and criminal activities associated with cryptocurrencies.” Clearly, though, that warning did not dampen enthusiasm for the offering, which — assuming the integrity of the self-reported figures — now ranks among the most lucrative token sales in history. Follow us on Telegram or subscribe to our newsletter here. • Join CCN’s crypto community for $9.99 per month, click here. • Want exclusive analysis and crypto insights from Hacked.com? Click here. • Open Positions at CCN: Full Time and Part Time Journalists Wanted. Advertisement [ad_2]Source link 0

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