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Academy Award winner Jamie Foxx has promoted an upcoming initial coin offering (ICO) on social media.
NewsBTC sat with Alex Bessonov, the CEO of BitClave, an upcoming decentralized search engine platform, to discuss its importance in the mainstream world. As we dwelled into a detailed conversation, Alex introduced us to some never-explored-before earning mechanisms within the online ad market. Excerpts from our conversation: Gautham N: What prompted you to launch BitClave? Alex Continue reading BitClave CEO Alex Bessonov Discusses the Need for Decentralized Search Platforms
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Earlier today, on September 18, prominent financial analyst and RTs Keiser Report host Max Keiser expressed his optimism in regard to bitcoins short-term price trend. After reaffirming his interim target of $10,000, Keiser noted that it is likely for bitcoin price to hit $6,000 by the end of 2017. Recent ban on initial coin offerings Continue reading Max Keiser on Bitcoin Price Hitting $6,000 as it Recovers From China Ban
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New survey data from online student loan marketplace LendEDU suggests that younger consumers in the United States are more apt to invest in bitcoin.
The craze for ICOs (Initial Coin Offerings) seems to be going on and instead of things starting to calm down things are actually getting more and more intense, regardless of the news that some countries may be banning them or regulating them. Nowadays all we pretty much see in our sidebar with ads, provided mostly by Google, is pretty much all about ICOs and nothing more. We are also being contacted on a daily basis by a lot of people that are willing to advertise their upcoming or already running ICO or just do a coverage. We are not big fans of Initial Coin Offerings ourselves and writing about them or even directly advertising kind of means that we either approve or endorse them or at least this is what most people will think even if that is not our intention. We have been covering some ICOs in the past, just a few actually, as giving investment advice for ICOs especially has never been the idea or goal of this website. If we see a good idea and want to help promote the project and actually use the service or product that will or is being made directly as a result of an ICO we are going to share that information anyway. In such cases we are even investing something in that particular ICO ourselves, this is how much we believe in the idea. Even then however you should not threat that as an investment advice, you should still do your own research as we may not always be right on the spot
With all of the above said our team does not track any or all ICOs that are currently appearing, starting or ending, they are quite a lot actually and if you do not specialize on that topic alone it will be hard to cover it all. We are not investors or traders and we do not give investment or trading advice, even if we do both of these as well from time to time. We are not against ICOs as a concept, in fact we have recently taken a part of such a project ourselves Cryptum, a project that is developing a crypto mining board game among other things, though our interest was caught by that particular side of the project. It is not an ICO that promises great things such as decentralizing the board game business or putting board games on a blockc...
On September 8, the U.S. governments General Services
Administration (GSA)s program
Emerging Citizen Technology hosted a workshop titled
Emerging Technology and Open Data for a More Open Government.
The participants in the workshop were directed to draft proposals
that specifically use Artificial Intelligence (AI), blockchain
technology and open data.
Open data and emerging technologies including artificial intelligence and distributed ledgers, such as blockchain hold vast potential to transform public services held back by bureaucracy and outdated IT systems, said Emerging Citizen Technology program manager Justin Herman. We are opening the doors to bold, fresh ideas for government accountability, transparency and citizen participation by working with U.S. businesses, civil society groups and others to shape national goals for emerging technologies and open data in public services.
At the workshop, several government agencies have indicated a strong government backing behind the development of blockchain technology. In particular, a representative of the White House Office of Management and Budget (OMB) stated that the Trump administration was serious about and committed to this technology, and would not be deterred.
The initiative is related to the fourth National Action Plan (NAP 4), which the U.S. government is releasing this year in the the framework of the multinational Open Government Partnership (OGP) and its Open Government Declaration. It is aimed at empowering citizens and advancing the ideals of an open and participatory government.
The September 8 workshop follows the first U.S. Federal Blockchain Forum, organized by the Emerging Citizen Technology program on July 18 to discuss blockchain use cases, limitations and solutions. Financial management, procurement, IT asset and supply chain management, smart contracts, patents, trademarks, copyrights, royalties, government-issued credentials, federal personnel workforce data, appropriated funds, federal assistance, and foreign aid de...
- Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ Good evening, Im still reporting on: N. Korean Nuke Tests Could Trigger Supervolcano, 1792 Synopsis: The last North Korean underground nuke test inside Mt. Mantap, set off worrisome deep-earth tremors that may signal the reawakening of nearby Mt. Paektu, historys most devastating supervolcano. Mt. Paektu last exploded in the year 946. Despite blowing off the top of the mountain and creating a huge lake Lake Chon 8 miles wide in its caldera, it still stands as North Koreas highest mountain at 9,000 feet, only about 30 miles to the northwest of the nuclear test site inside Mount Mantap. Despite North Koreas distrust of foreigners, especially scientists, an international committee has been allowed to take a look at the situation. According to one of the researchers, Dr. James Hammond, of the Univ. of London, the last eruption was the most devastating in history. Ashes showered much of Japan, 500 miles away. According to another member of this team, Dr. Stephen Grant, a seismologist at the Univ. of Austin says: The risk of a destructive eruption is very real. The team concluded that the 946 eruption of Mr. Paektu could have released more sulphur into the atmosphere than the 1815 eruption of Mt. Tambora in 1815 in Indonesia. That eruption caused what was known as the year without a summer because so much ash was hurtled into the upper atmosphere that global temperatures plummeted worldwide causing crop failures and famines worldwide. Even in the northern hemisphere, a high-altitude reddish fog reddened and dimmed the sunlight so that sunspots were visible to the naked eye. Such detailed records are not available from the last eruption of Mt. Peaktu a thousand years ago, but at least it was the second only to Mt. Tambora. Scientists have now created a Volcanic Explosivity Index, or VEI. Mt. Paektu and Mt. Tambora are the only two volcanic eruptions which merit a VEI of 7. To provide some scale, a more recent explosive volcano was also in the islands that today make up Indonesia Krakatoa in 1883 68 years after Mt. Tambora. It is now designated as a VEI-6 volcanic eruption, but lets look at the consequences. Support Our Sponsors: - Life Change Tea: Rid Your Body From Toxins! https://www.GetTheTea.com - Nobel Gold & Silver: Protect Your Money With Gold - Click Here- https://goo.gl/kx2yzW Or Call - 888-596-7916 - Water Smacker - Makes your water less acidic by ionization. https://www.watersmacker.com - Jeevy Computers: Move up to business-level cyber protection. https://www.jeevycomputers.com/pcs/ - Jeevy Computers: Buy/Sell Bitcoin & other Cryptos: 888-844-7806 - Learn How To Generate Passive Income Using Bitcoins At: https://www.TradeGeniusAcademy.com - Denas Pain Relief Store: http://denaspainreliefstore.com/denas-pcm-6.html 503.395.4142 Protect Your Information From Big Data - Click Here! https://www.virtualshield.com.........
Wall Street Journal reports that all Bitcoin trading will be banned in China.
SEC officials will discuss blockchain at an event in mid-October, according to public records.
Australia has introduced a new bill that, if passed, would end the country's bitcoin "double taxation" issue.
Bitcoin Price Falls 40% In 3 Days Underlining Golds Safe Haven Credentials by Jan Skoyles GoldCore Bitcoin price action shows cryptos vulnerable to commentary and government policies Bitcoin falls to low of $2,980, down by $1,000 in week...
The post Bitcoin Price Falls 40% In 3 Days Underlining Golds Safe Haven Credentials appeared first on The Daily Coin.
Bitcoin is Precise but not Accurate, Gold & Silver Report by Keith Weiner Monetary-Metals Previously, we have discussed the issue of a currencys backing. From comments and emails, we realize this topic could use a bit more illumination. And there...
The post Bitcoin is Precise but not Accurate, Gold & Silver Report appeared first on The Daily Coin.
Adam Sharp, co-founder of Early Investing, has called the 20 percent drop normal correction
A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets including Bitcoin and other cryptocurrencies should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017, ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the States most nefarious, despised powers: civil asset forfeiture.
All of this under the farcically broad umbrella of fighting terrorism.
Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt frequently pertaining to drug crimes matters not.
A court verdict of not guilty doesnt even guarantee the return of State-thefted property.
In fact, the government can seize virtually whatever it wants if it so much as suspects some of your assets might have been acquired through or used in the commission of even lesser crimes.
For some time, a war on cash has been brewing behind the closed doors of government, and although officials prefer to claim counterfeiting, terrorism, and money laundering as the impetus for asset tracking in actuality, physical currency facilitates black market and untaxed transactions, and, most imperatively to the U.S., cannot be thefted under civil asset forfeiture laws as easily as money exchanged digitally.
Characterized as an effort to to improve the prohibitions on money laundering, and for other purposes, the bill severely curtails the right to travel freely, without undue hindrance, as travelers with more than $10,000 in assets including those held digitally, like Bitcoin must file a report with the U.S. government.
Noncompliance with the tyrannical law including failing to fill out the aforementioned form would incur penalties befitting a fascist dictatorship: an individual could find the entirety of their assets seized, not just those unreported, and could be locked in a prison cage for up to ten years.
To be clear, the State wants to write a permission slip to seize all of your assets bank accounts, including, specifically, safety deposit boxes, prepaid cards, gift cards, prepaid phones, prepaid coupons, cryptocurrencies, all of it even for bei...
The CEO of Japanese finance group MUFG said today that big bank-issued digital currencies aren't quite the same as bitcoin.
Last night did not go that well as we saw constant pressure on the precious metals throughout the night:
Constant, steady pressure to the downside. This is in light of Rocket Man comments, many Floridians still without power as 3 new threats are swarming in the Atlantic, Venezuela pricing oil in yuan, bitcoin erratically, Syria heating up again, and any number of pick your poison doubleplusbad fundamental news. However, we knew this would happen, which can be seen in the following ominous chart for silver:
When we look at silver, we see there is some minor support around$17.15. Major support is at $17:
Lets hope we really dont fall through $17 at this point, though we are quite certain the cartel will push as hard as possible on price to the downside over the next two days. Once $17 is lost, there is no consolidation anywhere on that daily, and momentum would most likely carry the white metal even lower, so a $16 handle before 2:00 p.m. EST on Wednesday is where they will indeed try to push the silver price down to. If there was a great time to scrape-up some extra cash and grab the change jar to put in an order, it seems like the best time would be over the next two days.
The MSM and the Fed are still in lock-step, singing to the same tune, and cheer leading the everything is awesome meme. Come Wednesday afternoon, however, this could all change, and there could serious move in the gold and silver market. The MSM feels the Fed can do no wrong, but the Fed has zero margin for policy error, and on top of that, if Yellen has a Freudian slip, the movein gold and silver prices could be violent to the upside.
Lets see all the different scenarios that could cause a big move in the markets:
A lawsuit claims Silicon Valley CEO Gurbaksh Chahal habitually used racial slurs when speaking to subordinates, physically attacked two women and fired a male employee who attempted to prevent him from hitting a third woman.
Chahal is the subject of a lawsuit which alleges that he called workers his n**gers and took out his violent rages on employees. Two other pending lawsuits against Chahal accuse him of misleading investors, hiring women based on their looks and making death threats against one employee of his multiple tech companies, reported The Daily Beast.
In 2013, Chahal briefly stepped down as CEO of his ad tech company RadiumOne after a viciously attacking his girlfriend, according to David Ferguson of Raw Story.
Police examined surveillance video and determined that during the attack, Chahal punched and kicked the woman he was dating 117 times. He then tried to smother her with a pillow for 20 seconds. Court records show that microphones caught Chahal threatening the woman, Im going to kill you 4 times as he beat her, Ferguson reported.
The rich man resumed his position at RadiumOne after the judge dropped the myriad of felony counts against him because he strangely decided the video was inadmissible as evidence.
Its amazing how judges always seem to side with rich people.
The RadiumOne board decided they didnt want Chahal around, even though the judge let the vicious abuser walk free.
But Chahal formed a new company called Gravity4 and has continued to lead new business ventures including trying to raise $100 billion to start a new Bitcoin-like crypto-currency, the Daily Beast noted.
Gravity4 chief of staff Ali Al-Ansari filed a new suit alleging that Chahal is shockingly sexist, detailing a series of remarks...
In a recent CNBC interview that's being widely touted by self-deluded Bitcoin promoters as some kind of "smack down" of JP Morgan CEO Jamie Dimon, Bitcoin advocate John McAfee accidentally admitted why Bitcoin is a total fraud that's doomed to fail. In answering Jamie Dimon's recent declaration that Bitcoin is a fraud, McAfee replied: (see the video at The Daily Sheeple) However, sir... you called Bitcoin 'a fraud.' I'm a Bitcoin miner. We create Bitcoins. It costs over one thousand dollars per coin to create a Bitcoin. What does it cost to create a U.S. dollar? Which one is the fraud? Because [the dollar] costs whatever the paper costs, but it costs me and other miners over a thousand dollars per coin - it's called 'proof of work.' Behold the logic of artificial work: How John McAfee just embraced Paul Krugman's ditch digging fable The problem with John McAfee's explanation, of course, is that it admits Bitcoins can only be created through the practice of computational wheel spinning operations where the difficulty and duration of such wheel spinning is artificially made needlessly complex by the Bitcoin algorithm. In a world where Bitcoins used to be created for less than one penny's worth of computational work, a single Bitcoin now requires over US$1,000 worth of "artificial work" to be achieved. A rational person must ask McAfee, "Why did Bitcoins used to cost just a penny to create, and now they cost a thousand dollars?" The 100,000 X increase in complexity for generating a Bitcoin, it turns out, is an artificial work algorithm known as "computational difficulty" in mining.
Distributed ledgers could help update ageing central banking systems, says a new report, but issuing cryptocurrencies will be a more complex affair.
Analytical review on top 5 cryptocurrencies.
The work that goes into running a successful and profitable cryptocurrency mine is complex and exhausting. As digital currencies have boomed, so have mining operationsbig and small. But, by design, mining has also become significantly difficult. Casual mining, or hobby mining, is slowly becoming a thing of the past. Those who want to stay in Continue reading Intelligent Mine Management a Reality with easyMINE
The post Intelligent Mine Management a Reality with easyMINE appeared first on NEWSBTC.
Bitcoin's price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
Startups need to carefully choose a ticker for their tokens to avoid confusion
Cryptocurrency ICOs have been targeted by criminals for some time now. Virtually every project suffers from scam attempts, or phishing emails these days. The Edgeless ICO is no different in this regard, even though the crowdsale ended some time ago. An assailant successfully tricks Slack users into making Ethereum-based contributions for remaining tokens. So far, Continue reading New Slack Scam Causes Edgeless ICO Investor to Lose 200 Ether
The post New Slack Scam Causes Edgeless ICO Investor to Lose 200 Ether appeared first on NEWSBTC.
IBM is building its blockchain work over a growing number of locations and employees, and Marie Wieck ties it all together.
As GoldMint plan to launch their crowdsale on September 20, we ask if the hungry ghost festival in China and beyond made them choose that date. Facebook: In Asia, it is time for the festival of the hungry ghosts but do these creatures from hell suppress investor appetite?
Most Draconian Measures Ever: China Expands Bitcoin Crackdown Beyond Exchange Trading from ZeroHedge TDC Note Please see here, here and here #### Last week bitcoin plunged over 40% from all time highs hit as recently as three weeks ago...
The post Most Draconian Measures Ever: China Expands Bitcoin Crackdown Beyond Exchange Trading appeared first on The Daily Coin.
Bitcoin price action shows cryptos vulnerable to
commentary and government policies
Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles
Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows
BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven
Apple and Google developing a payment API for cryptos may give governments full oversight
Bitcoin and cryptos current volatility and exposure to governments underlines golds safe haven status
Even for bitcoin last week was an eventful week. The price hit a recent low of $2,980, falling 40% and recovering by nearly 25% in the space of three days.
Last week was a good example of the vulnerabilities in the cryptocurrency space to government announcements regarding the infrastructure the ecosystem.
This last year has seen unprecedented progress and development in the bitcoin and crypto arena. From the price reaching new highs to an explosion in Initial Coin Offerings.
The fall in price by over $1,000 should serve as a reminder that markets will stumble when they try to run before they can walk. As much as early adopters like to declare bitcoin the new currency and declare is true safe haven, the last week has shown that gold is a far better long-term safe haven.
Reasons for bitcoins (and other cryptos) fall last week was mainly thanks to further crackdowns on bitcoin exchanges by the Chinese government. On Thursday bitcoin fell 16% against the U.S. dollar as the Chinese announced they were closer to shutting down cryptocurrency exchanges.
This week commentators believe crypto traders have now priced in the negative news from the East, however last weeks performance was yet another example of how vulnerable bitcoin still is to government announcements.
This weekend and this morning the price has begun to recover following a report from the Bank of International Settlements.
The price of bitcoin continued to recover into Monday as consolidation in pricing helped the cryptocurrency recovery Friday's steep losses.
After months of rigorous testing and subsequent performance updates, KIBO LOTTO has finally reached the final stage of the implementation of its global lottery system. The Singapore-based Ethereum platform, which harnesses smart contracts to ensure a transparent formation and distribution of prize funds, confirmed this feat in a recent public announcement. The team is said Continue reading Ethereum-based Lottery Platform KIBO LOTTO Reaches Final Stage of Implementation
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Entrepreneur, philanthropist, the worlds leading proponent of decentralized currency, and the founding member of the Diamond Reserve Club with tokenized membership, Max Zaslavskiy continues on with his somber tale of the worlds deviation from the gold standard leading to multiple global economic crises. Ultimately, in Zaslavskiys opinion, these crises will push the financial and monetary Continue reading The Part II of the Hit Trilogy by Max Zaslavsky Is about to Hit Amazon on October 6. This Time Its Gold vs. Paper
In a recent CNBC interview thats being widely touted by self-deluded Bitcoin promoters as some kind of smack down of JP Morgan CEO Jamie Dimon, Bitcoin advocate John McAfee accidentally admitted why Bitcoin is a total fraud thats doomed to fail. In answering Jamie Dimons recent declaration that Bitcoin is a fraud, McAfee replied: (see 
A new Japan Exchange Group report throws cold water on the idea that distributed ledger tech may soon make inroads in global capital markets.
The European nation of Malta is moving to advance its ongoing blockchain strategy with the creation of a new advisory board.
Creating a native cryptocurrency token for a specific business is an unusual concept. Although we have seen native tokens in cryptocurrency, they are hardly used for real-life purchases. In San Diego, that situation is vastly different, at least where the Medicine Man Club is concerned. Their native currency is the Medicine Man Token which grants Continue reading San Diegos Medicine Man Club Uses Native Cryptocurency Token Rather Than Cash
The post San Diegos Medicine Man Club Uses Native Cryptocurency Token Rather Than Cash appeared first on NEWSBTC.
The chaos of bitcoin's scaling debate has pushed other public protocol's consensus mechanisms into a more strict and orderly framework.
Rapid growth of new and already popular cryptocurrency, legalization of online exchanges, lifted ban on cryptocurrency advertisement online, and many other new projects based on blockchain in different technological areas this is all happening in the latest month in the most popular market our days cryptocurrency and blockchain market. Blockchain Life 2017 is Continue reading One month is left before Blockchain Life 2017 the biggest conference on bitcoin, blockchain, cryptocurrency, and mining in Russia.
Well-known illegal piracy site, The Pirate Bay has been borrowing its visitors CPU processing power in order to mine digital currencies.
Pablo Picasso The old fisherman 1895 Muted Inflation A Trillion-Dollar Puzzle BIS (R.) Global Debt Underreported By $14 Trillion BIS (ZH) Worlds Central Banks Cant Ignore the Bitcoin Boom BIS (BBG) Dogecoin Creator On Cryptocurrencies: Very Bubble. Much Scam. So Avoid. (NYT) The Future Of Cryptocurrency
Russia's central bank doesn't want to see cryptocurrencies classified as a form of foreign currency, according to statements from its governor.
ClearPoll, a company offering public opinion polls on the blockchain, has this week launched their Pre-ICO. Contributors are able to purchase POLL tokens with a 50% bonus. The tokens are likely to be in high demand once the full ClearPoll service is launched. They will be required for subscriptions to ClearPoll Plus, a subscription-based service Continue reading ClearPoll, Blockchain Based Public Opinion Polls Platform Launches Pre-ICO
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Samer Halimeh New York, the international diamond jewellery brand, has become the worlds first diamond dealer and Bond Street level jeweler to start trading and retailing in Bitcoins. The luxury diamond brand is using Bitpay as its merchant services provider, and the portal will host the firms Bitcoin wallet and Bitcoin supply for trading. For Continue reading Samer Halimeh New York Becomes First Diamond Dealer & Bond Street Level Jeweller to Trade & Retail in Bitcoin
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A new digital-payment platform from the United Nations World Food Programme is bringing efficiency and stability to refugee camps.
The future of world food aid arrived, in early May, unnoticed by its first recipients: the grocery shoppers inside a supermarket at the Azraq camp in Jordan, home to 36,000 Syrian refugees. To be fair, their buying process already looked pretty high-tech, especially for a store with a dirt parking lot in the middle of the desert. Before paying, each shopper peered into a black, rectangular iris scanner mounted at eye-level, which confirms users identities with the camps organizing group, the United Nations High Commissioner for Refugees, and allows them to access a food stipend from the United Nations World Food Programme (WFP).
CoinDesk's Noelle Acheson explains how AXAs blockchain flight delay insurance test could point to the evolution of the insurance sector as a whole.
Dublin, Geneva, Gdansk, 20.09.2017. You remember the story of when your uncle lost his shirt trading a hot stock tip? Usually, cryptocurrencies are no different. Market timing is key in all of investing. Thats why cryptocurrency holders need to get a grip on crypto-derivatives to secure their wallets from volatility! Built on the Ethereum distributed Continue reading Options and Futures on the Blockchain Board of Derivatives. PRE-SALE begins on 22nd September at 8AM GMT.
The post Options and Futures on the Blockchain Board of Derivatives. PRE-SALE begins on 22nd September at 8AM GMT. appeared first on NEWSBTC.
A blockchain-based platform and marketplace demonstrating how users can earn IBA tokens for agreeing to view particular ads from advertisers and to spend the earned IBA tokens to purchase specific services from Publishers or Businesses SAN FRANCISCO, SF (iBuildApp Network September 18-20, 2017) iBuildApp Network, a powerful marketplace for blockchain-based ads that is Continue reading iBuildApp Network introduces a decentralized Ethereum blockchain-based platform and marketplace for the mobile advertising industry at the TechCrunch Disrupt San Francisco
The post iBuildApp Network introduces a decentralized Ethereum blockchain-based platform and marketplace for the mobile advertising industry at the TechCrunch Disrupt San Francisco appeared first on NEWSBTC.
Hello and welcome to News BTCs Market Outlook September 18. DASH/USD DASH had a very choppy session on Friday, dropping down to the $220 level, but finding enough support to turn around and form a bullish looking move. If we can break above the $270 level, I think that the market will probably go looking towards Continue reading DASH/USD and LTC/USD Technical Analysis September 18 2017
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Hello and welcome to News BTCs Market Outlook September 18. ETH/USD Ethereum fell initially during the session on Friday, but found enough support near the psychologically important $200 level to bounce significantly. If we can clear the $250 level, I think that the market at that point will go looking towards the $270 level above, which Continue reading ETH/USD and ETH/BTC Technical Analysis September 18 2017
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Hello and welcome to News BTCs Market Outlook September 18. BTC/USD Bitcoin had a volatile session on Friday, initially rallying, but then fell towards the $3000 level. This major area has offered support, as it is a large, round, psychologically significant number, and is also the 50% Fibonacci retracement level from the longer dated move. That Continue reading BTC/USD and BTC/JPY Technical Analysis September 18 2017
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Key Highlights Ethereum classic price after finding support near $8.70 against the US Dollar started a recovery. There was a break above a bearish trend line with resistance at $11.00 on the hourly chart of ETC/USD (Data feed via Kraken). The pair now faces another major resistance near $12.30, which is a crucial hurdle for Continue reading Ethereum Classic Price Technical Analysis Can ETC/USD Break $12.30?
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South Africa continues to adopt Bitcoin as Pick n Pay begins acceptance.
Key Highlights ETH price after consolidating above the $240 level against the US Dollar started an upside move. There was a break above a major bearish trend line with resistance at $262 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might soon gain traction and could even test the $300 level Continue reading Ethereum Price Technical Analysis ETH/USD Attempting Upside Break
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Key Highlights Ripple price has recovered well from the $0.1500 low against the US Dollar, and currently facing a resistance. There is a major bearish trend line forming with current resistance at $0.1850 on the hourly chart of XRP/USD (data source from Kraken). A break and close above $0.1900 might push the price above the Continue reading Ripple Price Technical Analysis XRP/USD Approaching Break?
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The Global Debt Crisis Is Much Worse Than We Are Being Told Video X22 Report Jamie Dimon says Bitcoin is a fraud, then why is JPMorgan purchasing Bitcoin. Toys R Us is in a death spiral. The BIS is...
The post The Global Debt Crisis Is Much Worse Than We Are Being Told (Video) appeared first on The Daily Coin.
Key Points Bitcoin cash price has recovered from the $302 low against the US Dollar and currently testing an important resistance. There are two crucial bearish trend lines forming with resistance at $450 and $480 on the hourly chart of BCH/USD (data feed from Kraken). The price might struggle to move above the $480 resistance Continue reading Bitcoin Cash Price Technical Analysis BCH/USD Testing Resistance
The post Bitcoin Cash Price Technical Analysis BCH/USD Testing Resistance appeared first on NEWSBTC.
Bitcoin price is making a correction from its recent selloff, but it might be ready to resume the drop soon.
The post Bitcoin Price Technical Analysis for 09/18/2017 Chance to Short? appeared first on NEWSBTC.
Doug Pollitt: What crypto-euphoria says about gold by Chris Powell GATA Dear Friend of GATA and Gold: In his September market letter, Doug Pollitt of Pollitt & Co. in Toronto identifies bitcoins weaknesses and concludes that the crypto-currency is...
The post Doug Pollitt: What crypto-euphoria says about gold appeared first on The Daily Coin.
Is China Killing Crypto? No. This Is What Is Happening from Financial Sense The world of cryptocurrencies is in the midst of a tornado just now. Since the beginning of September, total cryptocurrency market capitalization is down by US$60 billion...
The post Is China Killing Crypto? No. This Is What Is Happening appeared first on The Daily Coin.
The price of bitcoin plunged on Thursday after Chinese authorities crack down on cryptocurrencies, with the countrys biggest exchange announcing the suspension of operations.
The virtual currency fell more than 11 percent, trading at $3,544.14 as of 14:00pm GMT. This is far below the all-time high of $5,013.91 set earlier this month.
According to China Business News, regulators in Shanghai and the countrys financial center gave verbal instructions to exchange operators to end services. The exchanges will reportedly shut down at the end of September.
BTC China, one of the countrys top three exchanges, tweeted on Thursday it will close down operations by September 30.
Last week, China banned initial coin offerings (ICOs), referring to them as an unauthorized fundraising tool that may involve financial scams. The Chinese central bank said those who have already raised money should pay it back.
China accounts for about 90 percent of all bitcoin trading on exchanges, and demand for the virtual currency was on the rise.
Beijing has strengthened control over bitcoin trading platforms to prevent them from becoming money laundering sites. It tried to curb capital outflow following fears of continued weakness in the domestic currency.
China accounts for about 90 percent of all bitcoin trading on exchanges, and demand for the virtual currency was on the rise.
and that makes china very important..
The price of bitcoin plunged on Thursday after Chinese authorities crack down on cryptocurrencies, with the countrys biggest exchange announcing the suspension of operations.
Which is better wealth protection as it took gold three years to drop 40% in price, and Bitcoin only 13 days by Ken Schortgen, Jr. The Daily Economist When it comes to being money, there are several attributes necessary for...
The diamond industry and other supply chains can enjoy the benefits of Blockchain technology.
When you are transferring a crypto currency from one address to another you need to pay a fee for the transfer to happen. With crypto coins like Bitcoin the fee is paid depending on the amount of the data that need to be included in a block for the transaction to happen, it is a single fee per Kilobyte of data that you have control over. Increasing the fee can result in faster inclusion in a block and faster processing of your transaction to get included in the Blockchain and the coins to move to the new address. Decreasing the fee from the recommended amount will usually result in slower confirmation time, but if the fee is too little your transfer may actually never happen. If the fee is too low and the transaction is taking too long to confirm you might try to Cancel Unconfirmed Bitcoin Transactions if you have used a local wallet like Bitcoin Core for example.
With Ethereum (ETH) the whole thing works a bit differently, though the general principle of paying a fee for transactions is pretty much the same. When you send Ethereum, transfer tokens, interact with smart contracts and so on you need to pay a fee in Gas, though the actual fee is paid in ETH anyway. With Ethereum you always pay a fee, even if your interaction with the blockchain is not successful or if it is successful. Here is an example, if you send some Ethereum coins to a smart contract and doing so with not enough Gas, the coins will not be sent, but you still will have to pay the fee and it will be deducted from your balance. With Bitcoin for comparison an unsuccessful transaction will not result in you still paying the transaction fees.
Japan has once again become the largest Bitcoin exchange market
with 50.75 percent market share of the global Bitcoin exchange
market. Analysts including BitFury Vice Chairman George Kikvadze
attributed the surge in the trading volume of the Japanese Bitcoin
exchange market to the exit of Bitcoin traders in China.
Earlier this week, the Chinese government, local authorities and financial regulators officially requested Chinese Bitcoin exchanges and trading platforms to halt their services by the end of September. OKCoin and Huobi, the two largest exchanges in China, were granted leeway to operate until Oct. 30, considering the fact that they have not been involved in any initial coin offerings (ICOs) in the past.
But, it seems as if traders are not willing to take any chances with the Chinese government and their unpredictable nature. The Chinese Bitcoin exchange markets daily trading volume has halved within a period of three days, from 15 percent to less than seven percent.
According to various trusted Bitcoin market data providers such as CryptoCompare, China only accounts for 6.4 percent of global Bitcoin trades at the time of reporting.
US market benefits
Prior to the nationwide Bitcoin exchange ban by China, the US exchange market had consistently secured its position as the largest market in the world.
However, almost immediately after the announcement of the countrys three largest Bitcoin exchanges, BTCC, Huobi and OKCoin, were released, traders moved over to the Japanese Bitcoin exchange market. The abrupt migration of traders led to the short-term surge in the trading volume of Japan, allowing the market to overtake the US by over 20 percent in global Bitcoin exchange market share.
Contrary to many negative reports, prominent developers, analysts, researchers and experts within the cryptocurrency and Blockchain sectors including Litecoin creator Charlie Lee and billionaire investor Tim Draper expressed their optimism toward the shutdown of the Chinese Bitcoin exchange market. Lee emphasized that the Chinese government will no longer be able to manipulate the market, as it had done since 2013.
This is a good thing. China can no longer play with the markets by banning Bitcoin. Cryptocurrency cannot be killed by any country. One solution to centralized exchanges is decentralized ones. I hear the Decred Project team has something cooking that helps with that.
As Lee emphasized, the exit of the Chinese Bitcoin exchange market should really only have affected around 10 to 15 percent of traders in the global Bitcoin exchange market. Yet, speculators and impatient traders initiated a major sell-off as the Chinese government banned exchanges, leading to a major correction on Bitcoin price.
Over the next few weeks, the global Bitcoin exchange market will stabilize, as tr...
Major Wall Street analyst Thomas Lee, the co-founder Fundstrat Global Advisors, appeared on CNBCs Fast Money and reaffirmed his short-term price target of $25,000, despite the nationwide ban on bitcoin exchanges issued by the Chinese government and its financial regulators. Tom Lee of @fundstrat says that bitcoin is headed to $25K, heres why pic.twitter.com/FBJiwTQjqM Continue reading Wall Street Analyst Sees Bitcoin Surging to $25k Despite China Exchange Ban
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The Mandarin Exchange is a new cryptocurrency exchange that proposes to minimise the risks of centralization while acknowledging the benefits of conventional exchanges through the concept of distributed management. Centralized exchanges are failing the market Regulated or otherwise, centralized exchanges suffer from generally poor reputations when it comes to basic service criteria such as customer Continue reading Democratic Cryptocurrency Exchange Mandarin.top launched ICO
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What explains the surge in the trading volume of the Japanese Bitcoin exchange market
Storing money on a platform has been possible for a while with applications such as Paypal or Venmo, but there are still a lot of limitations when wanting to use it: fees when sending abroad or in another currency, delays when transferring to another account, no easy cash-back options.This problem is even more obvious with Continue reading ESR Wallet Press Release: Token Pre-sale Starts September 25, 2017
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Digital Currency Exchanges Illegal Under Law, Says Bank of Namibia
The cryptocurrency world is undoubtedly one of the most exciting and innovative financial markets of our time. Two sisters from Austria, Nadine Damblon and Nicole Damblon, are making their mark in this niche. The two have founded HydroMiner in 2015, a cryptocurrency mining company dedicated to utilizing green energy from hydropower stations in the Austrian Continue reading The Success Story of Two Austrian Sisters in the Cryptocurrency World
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Peter Schiff: Beanie Babies, Bitcoins, and Whats next? Video Palisade Radio Peter discusses the debt ceiling saying, We blew through 20 trillion in national debt. The debt is not good for the dollar especially with the Treasury Secretary threatening...
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Without a doubt, the first week of the PlusCoin ICO, which began on September 10th, has been a huge success. More than half a million dollars have been raised so far, and the DS Plus teams original expectations have been surpassed. The international press has taken note articles about the PlusCoin project have appeared Continue reading New Global Outlooks and iPhone Xs: DS Plus Expects Success in Week Two of ICO
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Ethereum devs are ready to roll out the Metropolis hard fork proposal by next week.
The Pirate Bay has always been an interesting online bastion. Despite growing scrutiny from law enforcement and anti-piracy advocates, the site remains accessible in one way or another. In a sudden turn of events, the company turned toward cryptocurrency out of the blue.In fact, they experimented with mining cryptocurrency through site visitors browsers for a Continue reading The Pirate Bay Briefly Mines Monero to Experiment With Alternative Revenue Solutions
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The price of bitcoin plunged on Thursday after Chinese authorities crack down on cryptocurrencies, with the countrys biggest exchange announcing the suspension of operations. The virtual currency fell more than 11 percent, trading at $3,544.14 as of 14:00pm GMT. This is far below the all-time high of $5,013.91 set earlier this month. Bitcoin Price Drops
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How a foreign micro-lending company could attract new customers, recruit and prosper in South-East Asia.
Ethbet, the first gambling platform on the Ethereum blockchain that has announced support for peer-to-peer betting, is finally beginning its Crowdsale today, September 17th at 8PM UTC. Although the crowdsale could potentially last for up to four weeks, many are now predicting that it will sell out early within the first day due to its Continue reading Ethbets Crowdsale For The First Peer-To-Peer Blockchain Gambling Project Opens To Investors Today
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No one will be surprised to learn various Chinese exchanges have issues right now. More specifically, they either will shut down trading or are involved in an ICo investigation. CBVBTC, one of the smaller Chinese exchanges, seemingly has issues with withdrawals right now. Various users complain about not receiving ETH, ETC, and CNY withdrawals over Continue reading CHBTC Users Struggle to Withdraw Cryptocurrency and Chinese Yuan
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Japan is leading the way in integrating Blockchain into financial services; Fujitsu and Japanese Bankers Association announce partnership.
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1.00 AUD = 0.0002 BTC
0.0010 BTC = 4.55 AUD
Chinese shutdown of ICOs and Bitcoin exchanges likely to persist until next Party Congress.
Dmitry Khan, the strategic advisor of chatbot platform Miniapps.pro was going to Beijing to promote his forthcoming Miniapps token generation event at the 2017 Shape the Future Blockchain summit when he received a sudden email. It was from the events organizers, saying that the event might have to be delayed and change venue. Dmitry said: Thats okay. More surprising was how this was followed by the ban of ICOs in China. Anyway, we tried to get some meetings in Beijing. Then we came down here in Shanghai, and now they want to shut down Bitcoin trading. Interesting what will happen next week when I go to Hong Kong.
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If Jamie Dimon Hates It So Much, Why Is JPMorgan Buying Bitcoin In Europe? from ZeroHedge Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimons panicked outburst...
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