Image Image Image Image Image Image Image Image Image Image Image Image

| February 21, 2018

Scroll to top

Top

news.bitcoin.com Archives - Page 2 of 94 -

Hello Group Develops Exchange Platform Offering Bitcoin Cash Trading Pairs

February 20, 2018 |

Hello Group Develops Exchange Platform Offering Bitcoin Cash Trading Pairs

Bitcoin cash (BCH) continues to establish itself as a versatile cryptocurrency, pulled by market forces to fill various niches. It is already supported by many wallets and ATMs, and now Hello Group plans to use BCH as the base currency on its latest exchange platform offering.

Also Read: American ATM Network Athena Bitcoin Adds Bitcoin Cash Support

Hello Group Buys Bitcoincash.io

Hello Group Develops Exchange Platform Offering Bitcoin Cash Trading PairsHello Group, a Cyprus-based fintech solutions developer, has recently acquired the desirable domain Bitcoincash.io for an undisclosed sum. The company plans to use the website to market its upcoming exchange trading platform based on bitcoin cash (BCH) for both fiat and cryptocurrency pairs.

According to the specifications of the developers, users will have access to live and historical data, and real-time alerts on market trends are available at any point with no transaction fees. Additionally, the forex-style platform also promises that the global crypto market can be accessed by making just one account with which customers can trade on multiple leading international cryptocurrency exchanges that will be connected to the system with immediate settlements and no intermediaries. An alpha release version of the new platform is expected around mid-April 2018.

A representative of Hello Group explains that Bitcoincash.io will offer “a new decentralized solution to provide secure, high performance trading” that would utilize the best knowledge accumulated from traditional blockchain exchange platforms. The exchange will give users a competitive advantage when trading bitcoin cash pairs and the platform is designed based on customers’ expectation of innovation and accessibility.

From Football to Diamonds to Crypto

Hello Group Develops Exchange Platform Offering Bitcoin Cash Trading PairsEstablished in 2010, Hello Group is a white label technology provider operating across several business verticals including online margin trading, diamonds, sports, and lastly crypto. Its current main offerings in the space include a data feed for forex and binary options brokers as well as cryptocurrency payment solutions. The Bitcoincash.io trading platform is meant to complete this suit for its clients.

Back in December 2017 the company announced it will open first bitcoin cash embassy in Limassol, Cyprus’ second city. The venue is meant to serve as an open community center where people can talk about the cryptocurrency, participate in free discussions and attend regular meet-ups with industry experts.

Do you welcome BCH being added as a base currency for trading pairs on more exchanges? Share your thoughts in the comments section below!


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Hello Group Develops Exchange Platform Offering Bitcoin Cash Trading Pairs appeared first on Bitcoin News.

Bitcoin News

Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

February 20, 2018 |

Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens

This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and it’s being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, tokens, and instruments released on the protocol will work natively in Edge mobile wallet including the protocol’s own XCPC token.

Also read: The ICO Scam Train Arrives in Sweden – Meet “Starflow”

The Ecosystem Building Around Bitcoin Cash Is Very Healthy

Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for TokensOn February 18 news.Bitcoin.com spoke with the creator of the Counterparty Cash (XCPC) protocol, a project that aims to add tokenized assets to the BCH network. Julian Smith tells us that the Counterparty Cash Association (CCA) based in Zug, Switzerland has formed a partnership with the cryptocurrency wallet provider Edge (formally Airbitz). This means that all assets and tokens based off of the XCPC protocol will work natively with Edge Mobile. Further, the blockchain logistics startup Blockfreight, Bitcoin Cash Parity, and Bitcoin ABC implementations will also support the Counterparty Cash infrastructure.

“I think that Counterparty has been an excellent experiment for Bitcoin and will be valuable to users on Bitcoin Cash,” explains Bitcoin ABC lead developer, Amaury Séchet at the Cryptopulco conference.

I see that between this initiative and similar projects working on tokenization and new OP_Codes being enabled in future releases, the ecosystem building around bitcoin cash is very healthy.

Essentially An ERC20 Protocol Competitor

Counterparty Cash Announces Edge Wallet Support for Token Assets
Julian Smith the creator of Blockfreight and Counterparty Cash.

Julian Smith who is also the founder of Blockfreight believes that the Counterparty Cash system and the ‘meta-protocol’ concept that utilizes the margin of a bitcoin transaction for declaring a specific tokenized application will help bolster BCH innovation. “Bringing this core concept to bitcoin cash is a natural extension and useful service to higher frequency on-chain transactions of many business models from financial instruments to bonds, warrants and equity within a project,” Smith explains.

What Counterparty Cash brings to bitcoin cash is essentially an ERC20 protocol competitor. In my view 2018 will see a 10x increase of token offerings on Counterparty Cash over Counterparty tied to bitcoin core.

Android and iOS Mobile Wallet Support and the Construction of Distributed Exchanges

Besides token offerings, XCPC will allow any bitcoin cash user the ability to underwrite assets and issue financial instruments and non-financial tokens, ticketing, licenses and redemption rights on the BCH chain. Adding a Counterparty infrastructure to the BCH network coupled with the system’s lower fees and faster transaction times will also enable the construction of a Distributed Exchange (DEX) that allows trading tokens without an intermediary.

Counterparty Cash Announces Edge Wallet Support for Token Assets
Edge mobile wallet was launched this week.

The Edge mobile wallet was fully launched this week and allows users to hold multiple cryptocurrencies like bitcoin cash in a non-custodial fashion. Paul Puey the founder and CEO of Edge looks forward to enabling support for the tokenized BCH assets using the Counterparty Cash protocol.     

“We have taken everything we have learned about making a bitcoin mobile wallet simple and a familiar user experience and extended that to other digital tokens,” Puey said during the conference. “Adding the ecosystem of projects adopting Counterparty Cash into Edge is on par for making Edge one of the easiest, most familiar and safe mobile wallet experience for all of our user’s key digital assets.”

What do you think about the Counterparty Cash team partnering with the Edge wallet platform? Let us know in the comments below.


Images via Shutterstock, Counterparty Cash, and Edge.


Have you seen our new widget service? It allows anyone to embed informative Bitcoin.com widgets on their website.

The post Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens appeared first on Bitcoin News.

Bitcoin News

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

February 19, 2018 |

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

Proposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through ICOs. If lawmakers adopt the amendments, investors will not be required to report crypto assets under certain threshold.

Also read: Malta to Give “Peace of Mind” to Crypto Companies

In Spain’s Interest

Teodoro Garcia Egea, a deputy from Prime Minister Mariano Rajoy’s party who is working on the bill, thinks that it is in Spain’s interest to attract companies using blockchains. He insists “the technology is a driver for business” in industries such as finance, health and education. “We hope to get the legislation ready this year”, the lawmaker told Bloomberg, pointing out that the level of digitalization will be key for Spanish companies.

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

The People’s Party intends to seek experts’ advice to finalize and push through the legislation in parliament. The ruling majority will also study developments in other countries that have advanced further in adopting their legal frameworks. Switzerland was mentioned as an example in that respect. The Alpine country has already become a leader in Europe, after establishing a Crypto Valley in Zug and enacting guidelines on initial coin offerings (ICOs).

The authors of the bill are considering proposals to entice businessmen to use blockchain for crowd fundraising through ICOs. The draft also introduces tax breaks for small companies specializing in sectors such as 3D printing or data processing. According to Garcia Egea, these incentives will be offered as rebates.

The new legislation may also include a threshold below which entrepreneurs would not be required to report a cryptocurrency investment. Authorities are working on provisions to protect crypto investors. They will be prepared by Spain’s markets and securities regulator. “We want to set up Europe’s safest framework to invest in ICOs” the Spanish deputy said.

Impossible to Explain Without Bitcoin

In a post published on his website in December, Teodoro Garcia Egea attempted to win support for his ideas by educating the public about blockchain technology. He compares it to the institution of the public notary. “A notary is a highly qualified and independent professional, who provides guarantees for security and legality”, the lawmaker notes. In Internet, these characteristics can be attributed to blockchains, he says.

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

The blockchain technology does not replace the notary, but provides reliability, transparency and traceability for contracts between individuals beyond what notaries can do, Garcia Egea writes. Blockchains do not replace the services of legal professionals. From regulatory point of view, the blockchain technology is not a threat but a great opportunity to do a better job, the lawmaker says.

Garcia Egea also points out how difficult it is to explain what exactly blockchain is, what its applications are, and what problems it can solve. “We cannot explain this new set of tools without making a reference to bitcoin” the deputy says. Who would argue with that?

Do you think Spain will follow in the footsteps of Switzerland in regards to regulating bitcoin and the blockchain sector? Tell us in the comments section below.


Images courtesy of Shutterstock, Twitter.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post Spain Mulls Tax Breaks for Blockchain and Crypto Firms appeared first on Bitcoin News.

Bitcoin News

Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings

February 19, 2018 |

Nigerians Trade $  4 Million in Bitcoin Weekly, despite Warnings

Nigerians are trading close to $ 4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart regulations, “allowing innovation to move forward”. Regulators need to understand how it works before applying bans, analysts say.

Also read: Malta to Give “Peace of Mind” to Crypto Companies

Warnings Have No Effect on Nigerians

Regulators and legislators in Nigeria have taken a hardline stance on cryptocurrencies. The latest manifestation of their attitude came in the form of an investigation into bitcoin trading ordered by the Senate. There have been multiple warnings from other institutions, as well. Last year the Central Bank of Nigeria stated that “virtual currencies” were not legal tender and told banks their dealings with cryptos were at their own risk. The Nigerian Deposit Insurance Corporation has warned Nigerians that they cannot rely on consumer protection when trading cryptocurrencies.

Nigerians Trade $  4 Million in Bitcoin Weekly, despite WarningsHowever, all those warnings have not changed hearts and minds, as the latest trading data shows. The value of bitcoin has decreased since last year, but interest in the most popular cryptocurrency is yet to wane in Nigeria, Leadership reports. Nigerians have continued to invest, trading weekly up to N1.389 billion worth of bitcoin (>$ 3.8 million) in February after an average of N1.299 billion (<$ 3.6 million) recorded at the end of December.

Up to 13 cryptocurrency exchanges are currently operating in Nigeria. Trading on local platforms scored a weekly record high of almost 1.95 Nigerian Naira worth of bitcoin in mid-December, as news.Bitcoin.com reported. The amount is equal to $ 5.4 million USD under current exchange rates.

Innovation First, Then Regulation

Nigerians are investing in other cryptocurrencies, as well, and the total has reached $ 4.7 million weekly, according to Emeka Okoye, software developer and chief architect at Cymantiks Nigeria. He urged government institutions to rethink their approach to regulation. The expert said criticism would only fuel further speculation and encourage the use of cryptos by criminals. Okoye advised Nigerian regulators to adopt “smart regulation”, rather than outright ban:

It is an attitude of allowing innovation to move forward and let regulation follow. It is about the consumers and not about the players.

If authorities ban cryptocurrencies, they would be outlawing a tech tool, the analyst explained. Then “outlaws will use these tools, and you have no control – people will have to live with the consequences” Okoye warned. He also said that regulators need to understand the situation properly before applying any bans.

Nigerians Trade $  4 Million in Bitcoin Weekly, despite Warnings“Do they understand how it works? I can build a crypto exchange that is not domiciled in Nigeria and they cannot regulate it. I also have a foreign card and they cannot control what I do with it?” the expert pointed out.

Emeka Okoye thinks that cryptocurrency will not entirely replace fiat money but will complement it by providing for easier and more convenient transfers of wealth. In his opinion, the current trend of speculation, which is driving the value of cryptocurrency, is a distraction from its real value.

Do you think Nigerian authorities will listen to experts and change their policy towards bitcoin and the crypto sector in general? Tell us in the comments section below.


Images courtesy of Shutterstock. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Nigerians Trade $ 4 Million in Bitcoin Weekly, despite Warnings appeared first on Bitcoin News.

Bitcoin News

PR: Last Chance to Join Cash Tracker DineroONE Token Presale, a Product That Will Create €45 Billion Worth Industry

February 19, 2018 |

Cash Tracker DineroONE Token Presale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

DineroONE start-up already raised €1 million in funding from private Investors for their innovative all-in-one pay-everywhere solution, even before their Token Presale.

A prospective company from Croatia aims to modernize the existing payment methods, facilitate cash flow monitoring for business entities and offer new payment solutions to consumers.

Businesses dealing daily with cash are well acquainted with the problem of discrepancy between numbers shown in their Invoicing software’s and money actually located in their cash drawers/cashiers.

One of the main features of DineroONE product is to solve this problem by automatic cash counting and real-time reporting to its owners.

DineroONE Intelligent cash drawer will also provide cryptocurrency and card payment options, offer their own software solutions for tracking all of the transactions (withdrawing and depositing cash in the cash drawer, cryptocurrency and card transactions) and provide default invoicing software solution. We can say for sure that DineroONE will be enabler of cryptocurrency payments in the real world.

DineroONE is one of the very few Token crowdsale projects that are creating a hardware solution, and although seed funds are already raised, the production of the whole system is capital intensive.

Dinero Token will be created for the new round of capital-raising where Investors (Token holders) will became shareholders of the company which will develop and sell DineroONE Intelligent drawer and its services.

Dinero Token Presale is scheduled for March 1st with a hard cap of €2 million or 7 days period, whichever comes first.
During the presale an exclusive 50% bonus will be available to all participants (Investors). Whitelist now while there are still opened places!

DineroONE, extensively demanded solution of every industry (restaurants, shops, cafés, bakeries, etc.) aims to create a €45 billion worth industry and became efficient, affordable and easy way to manage businesses flow of cash, cryptocurrency and card transactions.

“According to the time we live in and available technology, our desire is to create a solution that will change previous experience with payment transactions and push it into the new era. Every one of us has been in touch with payment systems in various situations, but we don’t actually think about the process behind. Our goal is to improve that everyday process in order to save valuable time and extend the possibilities to match the modern lifestyle” – said Marija Zeljko, founder of the project.

Video Link to DineroONE:
https://www.youtube.com/watch?v=v1LFrVsJb7I

Contact Email Address
online@dinero.one
Supporting Link
www.dinero.one

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

The post PR: Last Chance to Join Cash Tracker DineroONE Token Presale, a Product That Will Create €45 Billion Worth Industry appeared first on Bitcoin News.

Bitcoin News

Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel

February 19, 2018 |

Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel

While some state authorities and financial regulators might deride bitcoin, more people are using the cryptocurrency in their everyday lives. This has recently become evident by divorce cases around the globe involving bitcoin, with the latest example coming from Israel.

Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency

Bitcoin Wedding

Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel
Jewish groom signing a ketubah at his wedding

A rabbinical court in Israel is now facing a bitcoin-related quandary for what appears to be the first time ever. The religious tribunal is asked to rule on the cryptocurrency in a matter of a specific divorce.

An Israeli couple, identified as a top female banker and a male executive at an investment firm, both in their early thirties, just got married three months ago. In the Jewish wedding ceremony the groom has to commit to pay the bride some compensation in case of a divorce. It is recommended that people will write a symbolic sum that they can afford, because if it comes to that they will be obliged to pay it in parallel with any alimony decided on by the civil divorce courts. However, in this case they decided on 30 bitcoin, worth about 2 million shekels at the time.

The woman testified that despite some guests doubting the gesture, “we thought it was neat and cool… in the old days they talked about fifty camels and a dozen silver coins, and today we talk about bitcoin.”

Bitcoin Divorce

Bitcoin Divorce Presents New Challenge for Rabbinical Court in IsraelThis week the wife turned to the rabbinical court asking for her divorce compensation in the form of 2 million shekels. The husband agreed to pay as he is obliged, but only according to the exchange rate at the time of the divorce (much closer to one million shekels) than at the time of the wedding.

The woman claims that the man initially wanted to show off by writing down 2 million shekels but she convinced him to write 30 bitcoin instead, as the figure appears less off-putting. She said: “My husband is an investments man and I am a banker, and we had an understanding between us that bitcoin is a legitimate currency. If he would have not specifically mentioned the sum of two million shekels I would not have asked for its value at the wedding day.” Now its up to the rabbinical court to decide how to resolve the issue.

This Israeli divorce is only one of numerous such cases around the world right now. Just one British law firm professes to be handling three such cases at present, with the largest involving a tug-of-war over crypto valued at $ 840,000.

Should bitcoin investors just start demanding prenuptial agreements before getting married? Tell us what you think in the comments section below.


Images courtesy of Shutterstock.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel appeared first on Bitcoin News.

Bitcoin News

American ATM Network Athena Bitcoin Adds Bitcoin Cash Support

February 18, 2018 |

American ATM Network Athena Bitcoin Adds Bitcoin Cash Support

Bitcoin cash (BCH) is now available for trading in dozens of new physical locations across the US. The American ATM network Athena Bitcoin has added support for buying and selling the cryptocurrency for fiat cash on all its machines.

Also Read: Polish Financial Authorities Paid Youtuber to Smear Cryptocurrency

Bitcoin Cash ATM Network

Midwest US-based cryptocurrency ATM network Athena Bitcoin has recently announced that bitcoin cash (BCH) has been made available on all of its machines. This is only the third cryptocurrency now supported by the ATM network following bitcoin (BTC) and litecoin (LTC).

Athena machines offer both the buying and selling of cryptocurrency, which means American BCH holders have gained not only a new convenient method to increase their stockpile of the cryptocurrency but also the ability to easily exchange it for fiat in case they need to pay in shops that don’t accept credit or crypto.

The company explains to clients that bitcoin cash is a fully independent currency that features a different price, development team, and community compared with BTC, and that they will therefore need to use a BCH supporting wallet for buying the cryptocurency. The Athena Bitcoin wallet does not support BCH yet, but the company promises that it will be soon after an upcoming update.

ATMs Across America

American ATM Network Athena Bitcoin Adds Bitcoin Cash SupportAthena has 55 ATMs in eight American states (Florida, Georgia, Illinois, Missouri, Ohio, Pennsylvania, Texas and California) as well as one machine located in Yucatán Mexico at a place called Lapa Lapa Altabrisa Mérida. It features in locations that offer maximum convenience for everyday people such as gas station owners, bodegas and pawn shops.

Its ATMs are designed to allow users to purchase cryptocurrency without a bank account, debit card or credit card. The company promises people can buy cryptocurrency for the machines in as little as 90 seconds with just an appropriate crypto wallet on their smartphone.

American ATM Network Athena Bitcoin Adds Bitcoin Cash Support
North American ATM network of Athena Bitcoin

Should bitcoin ATM networks add support for even more cryptocurrencies? Tell us what you think in the comments section below.


Images courtesy of Shutterstock, Athena Bitcoin.


Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post American ATM Network Athena Bitcoin Adds Bitcoin Cash Support appeared first on Bitcoin News.

Bitcoin News

Malta to Give “Peace of Mind” to Crypto Companies

February 18, 2018 |

Malta to Give “Peace of Mind” to Crypto Companies

The government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will “certify” blockchain platforms and “verify” crypto transactions. It is supposed to “bring peace of mind” to companies using these technologies to cut out central authorities and banks. Valletta also proposes legislation that will define the roles of intermediaries and regulate initial coin offerings.

Also read: Gibraltar Launches Regulation to Protect Cryptocurrency Value and Reputation

Government Will Provide “Legal Certainty and Trust”

The new Malta Digital Innovation Authority will certify blockchain platforms used by companies in the country. It will also be responsible for “verifying” cryptocurrency transactions by checking if the logged information is genuine. The government hopes to bring some peace of mind to businesses using distributed ledgers for cross-border payments.

Authorities in Valletta are recognizing that companies utilize blockchains to cut out central authorities. However, they acknowledge that the technology allows for cheaper and more efficient money transfers. Worried that those platforms are not currently certified in any way, the government has decided to provide some “legal certainty and trust”. Officials believe companies will benefit from the work of the new authority, while also cutting out intermediaries such as banks.

Malta to Give “Peace of Mind” to Crypto Companies

The Parliamentary Secretary for the Digital Economy Silvio Schembri presented the new policy document at a press conference with various stakeholders, the Maltese Independent reported. He called the event a “historic moment” and provided further details on how authorities plan to implement regulations concerning the cryptocurrency sector in successive stages.

The first step will be to set up the Malta Digital Innovation Authority. A bill will set out the regime for the registration of service providers and the certification of technology arrangements, Schembri explained. On stage 2, another draft will formalize the framework for Initial Coin Offerings (ICOs). A third law will impose regulation on services directly related to cryptocurrencies. Intermediaries like brokers, exchanges, wallet providers, asset managers, and investment advisors will be subjected to its provisions.

Malta Strives to Be a Hub of Innovation

Silvio Schembri stressed that promoting policies which favor the development of Malta as a hub for new technologies, including in the public sector, will be among the main goals. The aim is to foster innovation by creating a successful ecosystem, he added. That will be achieved through the “utilization of cutting edge technology in useful business cases and the adherence to best practices”. The lawmaker also noted that the Digital Innovation Authority would protect Malta’s reputation taking into account its international commitments under anti-money laundering directives.

Malta to Give “Peace of Mind” to Crypto CompaniesDuring the press conference, officials mentioned several applications of distributed ledger technology. In larger companies, internal DTL platforms can be used to maintain payroll systems and record movement of goods and invoices. Businesses can also take advantage of public platforms that share consensus mechanisms such as bitcoin and ethereum. Regulated financial institutions can utilize DTLs to offer services to their clients.

The Parliamentary Secretary for the Digital Economy said the government would consult with all stakeholders before finalizing its policies, including relevant authorities like the Financial Intelligence Analysis Unit (FIAU) and the police. Local and international representatives of the industry will also be involved in the process. Silvio Schembri added that the public is free to provide feedback in the next three weeks. After that, the bills will be introduced in the Parliament of Malta.

Do you think policies outlined by Maltese authorities will attract more crypto businesses to the island nation? Share your thoughts in the comments section below.


Images courtesy of Shutterstock. 


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Malta to Give “Peace of Mind” to Crypto Companies appeared first on Bitcoin News.

Bitcoin News

PR: Money Token Applies for Royalty-Free Patent on Crypto-Backed Lending Technology

February 18, 2018 |

Money Token Applies for Patent on Crypto-Backed Lending Technology

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

WIPO, the World Intellectual Property Organization, has received a new patent application, owned by the MoneyToken project, as announced on the MoneyToken blog.

The application describes a blockchain-based technology process of decentralized lending, secured by cryptocurrency assets as collateral, that doesn’t require vouching agents and that uses smart contracts and multi-signature wallets within the crediting process.

The premise is straightforward: By taking a cryptocurrency-backed loan with MoneyToken, users can receive liquid funds and hold their crypto assets all at the same time.

To gain access to the MoneyToken Private Sale, all users should join the MoneyToken Whitelist.

Founders comments on the patent:
https://medium.com/@moneytoken/jerome-macgillivray-money-token-founder-applied-to-patent-cryptocurrency-backed-loans-technology-f119dd589bb1

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
https://moneytoken.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release.

The post PR: Money Token Applies for Royalty-Free Patent on Crypto-Backed Lending Technology appeared first on Bitcoin News.

Bitcoin News

Salon Offers Visitors In-House Cryptocurrency Mining When Blocking Ads

February 18, 2018 |

Salon Offers Visitors Cryptocurrency Mining to Block Ads

Mainstream web magazine Salon has started allowing its readers an ad-free site, if readers start mining cryptocurrency for them, after sustaining a decline in income due to ad blocking technology.

Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License

Salon’s Mining Initiatives

Salon Offers Visitors Cryptocurrency Mining to Block AdsSalon, a left-leaning political and lifestyle webzine started in 1995, has launched a cryptocurrency mining option for its visitors in an effort to recuperate some of its declining income. The site is run by Salon Media Group, a publicly-traded company with offices in San Francisco and New York City.

“Like most media companies, Salon pays its bills through advertising,” the site explained, adding that the increase in visitors using ad blockers has “cut deeply into our revenue.” Acknowledging technological developments, Salon wrote “your computer itself can help support our ability to pay our editors and journalists,” noting:

For our beta program, we’ll start by applying your processing power to mine cryptocurrencies to recoup lost ad revenue when you use an ad blocker.

Salon also made the disclaimer that “mining uses more of your resources which means your computer works a bit harder and uses more electricity than if you were just passively browsing the site with ads.”

Let the Ads Display or We Will Mine Crypto

The mining option is now shown to all Salon website visitors using an ad blocker. Anyone arriving on any page of the site will immediately see the message, “We noticed you’re using an ad blocker. We depend on ads to keep our content free for you. Please consider disabling your ad blocker so we can continue to create the content you come here to enjoy.” They are subsequently presented with two options: to disable their ad blocker and allowing ads to be displayed or to keep blocking ads but allow Salon to use their spare computing power.

Salon Forces Visitors to Mine Cryptocurrency if They Block Ads

Salon Forces Visitors to Mine Cryptocurrency if They Block AdsFor its beta program, Salon is mining monero, which is more profitable to mine than bitcoin on common PC processors. The cryptocurrency also has a widely used application for websites like Salon to easily deploy, called Coinhive. The program allows websites to mine monero with their visitors’ CPUs, with or without their knowledge. While often described as malware, Coinhive is nonetheless used by several well-known websites including the Pirate Bay.

Salon informs their users upfront that its mining functionality is “Powered by Coinhive,” and displays a link to let visitors read more about the process. The webzine also says that “Nothing is ever installed on your computer and Salon never has access to your personal information or files.”

How Much Processing Power Is Used

To opt-in, users are asked specifically if they would like to allow mining for the duration of the current site visit. Once the “allow for this session” link has been clicked, the users’ processors will immediately start working intensively.

In our informal testing using a modern 4-core Intel processor, all 4 cores’ usage was instantly maxed out within a couple of seconds after clicking the allow button.

Salon Forces Visitors to Mine Cryptocurrency if They Block Ads

As soon as the Salon page was closed, the processors returned to normal. Without clearing cookies, the site will remember users’ opt-in preferences for up to 24 hours, Salon noted, adding that they will be asked to opt-in again after that. Furthermore, Salon clarified:

We automatically detect your current processing usage and assign a portion of what you are not using to this process. Should you begin a process that requires more of your computer’s resources, we automatically reduce the amount we are using for calculations.

What do you think about Salon’s plan to force their users to choose between ads and mining crypto? Let us know in the comments section below.


Images courtesy of Shutterstock and Salon.


Need to calculate your bitcoin holdings? Check our tools section.

The post Salon Offers Visitors In-House Cryptocurrency Mining When Blocking Ads appeared first on Bitcoin News.

Bitcoin News