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Thousands of requests by men to bring in child and adolescent brides to live in the US were approved over the past decade, according to government data obtained by The AP . In one case, a 49-year-old man applied for admission for a 15-year-old girl. The approvals are legal. In weighing…
A report compiled by researchers from Tel Aviv University, The University of Tulsa, and the University of New Mexico has found nearly 5,000 advertisements for cryptocurrency pump and dump signals on social platforms Discord and Telegram posted during the first half of 2018.
Nearly 5,000 Ads For Crypto Pumps Posted to Discord and Telegram in First Half of 2018
A report examining the prevalence of advertisements for cryptocurrency pump signals across Discord and Telegram has found the phenomenon to be “widespread and often quite profitable.”
The authors collected five-minute interval price data for “nearly 2,000 coins across 220 cryptocurrency trading exchanges from Coinmarketcap” from mid-Jan. 2018 to early July 2018. “Pump data” was then obtained through “collecting messages posted to hundreds of dedicated Discord and Telegram channels using their APIs and manually labeling messages that signaled pumps,” and “consistently mapped to the trading data.”
In total, the researchers found 1,051 pump signals advertised on Discord and 3,767 ads on Telegram pertaining to more than 200 different cryptocurrencies.
The report asserts that the “proliferation of cryptocurrencies” and “changes in technology” have aided those who wish to conduct pumps, with a large number of the roughly 2,000 cryptocurrencies currently trading being “illiquid” and “characterized by very low trading volumes on most days, with occasional volume and price spikes.”
Twice as Many Low-Cap Pumps Promoted on Telegram Than Discord
The report describes the volume and market capitalization ranking of a coin as “the most important factor in determining the profitability of the pump,” adding that “pumping obscure coins (with low volume) is much more profitable than pumping the dominant coins in the ecosystem.”
The median price increase for coins ranked within the top 75 by market cap was 3.5 percent on Discord, and 4.8 percent on Telegram. For projects ranked from 76 to 200, the median price increase was 5.2 percent on Discord and 6.5 percent on Telegram. Coins ranked from 201 to 500 saw median gains of 5.3 percent on Discord and 8.1 percent on Telegram. Cryptocurrencies ranked below 500 produced median gains of 23.2 percent on Discord and 18.7 percent on Telegram.
Of the coins ranked in the top 75 by market cap, 52 saw pumps promoted on Discord and 56 on Telegram. Among projects ranked 76 to 200, 58 were pumped on Discord and 62 on Telegram. Of the cryptocurrencies ranked 201 to 500, 75 pumps were advertised on Discord and 84 on Telegram. Lastly, 80 coins ranked below 500 were pumped using Discord, while pumps for 176 lower-capitalized projects were promoted on Telegram.
The report notes that “January-July 2018 was a period in which cryptocurrency prices and trading volume were falling significantly,” emphasizing the success of the examined pumps despite the relatively moderate gains when contrasted with the 2017 bull market.
Do you think that we will see regulators seek to crack down on pump and dumps? Share your thoughts 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.
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Cryptocurrency exchange Cryptomkt has partnered with Chilean payment platform Flow to allow customers to pay with three cryptocurrencies at over 5,000 stores. The announcement follows two Chilean courts ruling that banks must reopen the accounts of crypto exchanges they previously closed.
5,000+ Stores Accept Cryptocurrencies
Cryptocurrency exchange Cryptomkt announced this week that over 5,000 stores now accept three cryptocurrencies.
Chilean payment platform Flow has integrated the exchange’s payment solution, Cryptocompra, into its system. Customers shopping at merchants using Flow can now choose to pay with cryptocurrencies during the checkout process.
Flow claims to currently provide service to over 5,000 stores with over 180,000 monthly transactions and over 20,000 customers.
Available now for businesses in Chile, Argentina, Brazil and Europe, Cryptocompra “allows merchants to accept payments in bitcoin, ethereum and stellar cryptocurrencies quickly and easily,” Cryptomkt detailed, emphasizing:
Chileans today can access various products and services in more than 5,000 stores affiliated to Flow.cl using bitcoin and other cryptocurrencies through Cryptocompra.com … Client pays in cryptocurrencies, trade receives pesos, reales or euros.
On its website, Flow lists a fee of 0.90% for next-business-day payment with cryptocurrencies. By comparison, paying with credit cards using Webpay Plus or Onepay costs 4.99% to receive payment the next business day.
“You do not need to have contracts with the means of payment, Flow does it for you,” the company wrote. “Each time someone pays you, we will notify you of the payment made: We will indicate the detail of the payment made and the date on which we will transfer your money.”
Battle Between Banks and Crypto Exchanges
Crypto exchanges in Chile have been battling with banks over the closure of their bank accounts. In April, Chile’s Court for the Defense of Free Competition (TDLC – Tribunal de Defensa de la Libre Competencia) ordered three banks to reopen the accounts of crypto exchanges, including Cryptomkt. In May, Banco Estado complied and reopened the account of the exchange.
Earlier this month, the Fourth Chamber of the Court of Appeals of Santiago ruled in favor of cryptocurrency exchange Orionx against Banco Estado for closing its account.
What do you think of Flow integrating crypto payment option? Let us know in the comments section below.
Images courtesy of Shutterstock, Cryptomkt, and Flow.cl.
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The post Flow and Cryptomkt Enable Crypto Payments at 5000+ Stores appeared first on Bitcoin News.
Spud Webb wiped the casino floor with a bunch of sports stars in a blackjack tourney Wednesday night — but the best part … all of his winnings are going to charity. The ex-NBA star took on guys like Clinton Portis, Santana Moss, Ron Harper…
Tesla Inc. reached its milestone of building 5,000 Model 3 vehicles in the final week of the quarter and in the process became “a real car company,” Chief Executive Officer Elon Musk said.
“We did it!!” Musk proclaimed in an email to employees obtained by Bloomberg News on Sunday. “We either found…
According to a recent study, 5,000 Indian software developers currently have the skill sets to work on cryptocurrency and blockchain projects. 10,000 more developers can be easily trained but an additional 30,000 would require extensive training.
5,000 Developers Qualified
A recent study by HR company Belong shows that, out of an estimated two million software developers in India, about 0.25% of them have the skills to work on cryptocurrency and blockchain projects, the Times of India reported this week. The study was conducted on two million software developers over the last year. The company found that only 5,000 of them have the necessary combination of skills such as “data science, algorithms and cryptography” to be qualified to work with cryptocurrencies or blockchains.
Belong co-founder Rishabh Kaul asserted that “India does have the potential to train another 10,000 developers” with prior experience in the fintech industry so that they are equipped with the proper skill sets to work on cryptocurrency projects. However, he noted that another 30,000 software developers who have worked “in back-end tech roles” still “require extensive training and upskilling” before they have the proper skill sets to work as blockchain experts on crypto projects.
However, companies are facing challenges in finding qualified developers, Belong’s study revealed. Kaul explained that the demand for developers with the right skill sets needed for projects related to cryptocurrency and blockchain technology is expected to grow further, adding that:
Developers must essentially have skills in data science, algorithms and cryptography to work on such platforms.
The number of companies looking to enter the cryptocurrency space is increasing. Burning Glass Technologies wrote in October last year that “because of its connection with ‘cryptocurrencies,’ blockchain is associated with finance, and major banks like Liberty Mutual, Capital One, and Bank of America have posted openings.”
Earlier this month, freelance employment website Upwork released its Q1 2018 skills index. “The Upwork Skills Index ranks the site’s 20 fastest-growing skills in a quarterly series that sheds light on new and emerging skills as an indication of hot freelance job market trends,” the company described. Blockchain tops the top 20 fastest-growing skills in the time period, the company detailed, adding:
Its growth exceeded 2,000% for three quarters in a row on Upwork.com, and in Q1 it experienced more than 6,000% year-over-year growth, making it the fastest-growing skill out of more than 5,000 skills on the site.
What do you think of the number of qualified Indian developers? Let us know in the comments section below.
Images courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools section.
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Southwest Airlines Co. is providing $ 5,000 checks and $ 1,000 travel vouchers to passengers who were on a flight this week when an engine broke apart, killing a woman on board.
“We value you as our customer and hope you will allow us another opportunity to restore your confidence in Southwest,”…
Green bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.
SPI Energy Co., Ltd. (Nasdaq: SPI) today announced that its wholly-owned subsidiary, SPI Solar Inc. has signed an agreement with 500 IPO Fund for 5,000-unit contracts of Bitcoin miner hosting services. Officially based at Santa Clara, California, 500 IPO Fund is defined as a venture capital ecosystem, which consists of top venture capital firms, wealthy Chinese investors and “powerful government resources.” Besides the slogan of connecting China with Silicon Valley, its mission is “to promote projects which help solve major social issues and create well-being for the whole world.” As such it is easy to understand the appeal of green bitcoin mining for its brand.
SPI is a provider of renewable energy solutions and cryptocurrency miner hosting service for businesses, governments, utilities and investors. It focuses on the development, financing, installation, operation and sale of utility-scale and residential photo-voltaic projects in China, Japan, Europe and North America. The Nasdaq-listed company has its operating headquarters in Hong Kong and maintains global operations in Asia, Europe, North America and Australia.
Renewable Bitcoin Mining
Industrial-scale bitcoin miners using renewable energy is nothing new, but mainstream media alarmists largely haven’t caught on yet as it disrupts their narrative. In fact, the most common locations for new operations recently are usually in regions offering plenty of affordable hydro-power such as Quebec, Canada. And solar energy has been used by miners for years. This makes financial sense for both sides, as vast renewable energy production is usually more viable in remote areas and bitcoin mining requires no proximity to population centers in contrast to most businesses.
Back in February we reported that Japan’s Kumamoto-Energy, a local power producer and supplier from Kumamoto City, has revealed that it began using solar power for mining cryptocurrencies. The company said that it aims to more effectively use its surplus electricity by mining cryptocurrencies with the excess output of its solar power generation plants.
Is bitcoin mining an ideal use for renewable energy? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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Just recently in an interview with Québec’s local publication, Le Journal, the CEO of the public utility company Hydro-Québec wants to attract cryptocurrency miners to the region to help bolster economic prosperity.
Hydro-Québec Needs a Solution to Avoid Energy Tariffs
Hydro-Québec is a large state-owned enterprise headquartered in Montreal that helps manage and supply electricity for Québec and other cities. The company isn’t doing so well the CEO Éric Martel reveals, and if things don’t change Québecers will face an “explosion” of electricity tariffs. Martel believes his company has the resources to stop the taxes as the firm’s 36,912 megawatts stemming from 63 hydroelectric power stations may be attractive to large data centers.
Bitcoin Miners Can Purchase Over 5000MW of Excess Power from Québec
Martel reveals Hydro-Québec will try to get energy-consuming businesses like giant website operations and server companies to utilize Québec’s resources. Hydro-Québec already supplies 450 MWh to various server centers. Martel is also looking to attract bitcoin miners to the region as Hydro-Québec hopes to distribute 6 TWh to those in need of an excess supply of cheaper energy. The CEO estimates cryptocurrency miners could use 5000MW of that energy.
When chatting with the Le Journal, Martel explains that he believes cryptocurrency miners and data stations appreciate the cold winters in Québec stating;
I tell them in the winter, you just have to open the garage door and windows to cool things down.
Chinese Miners Look to Canada
Hydroelectric power stations are becoming popular within the digital currency mining space as this type of energy producing technology is used by miners in various countries. However, the low-cost power in Winnipeg, Québec, and Canada, in general, is starting to attract bitcoin miners. Just recently one of the largest Chinese mining pools BTC.top announced it was building a mining farm in the country.
“We chose Canada because of the relatively cheap electricity cost and the stability of the country and policies,” the BTC.top founder, Jiang Zhuoer explains in a recent interview.
This past November news.Bitcoin.com reported on a bitcoin entrepreneur, Mr. Bertrand, telling the local media that Canada was attracting cryptocurrency miners because of the abundance of hydropower in the province. Mr. Bertrand also uses the region to mine bitcoin as he owns 50 ASICs in a warehouse that he estimates far less expensive than the U.S. and other areas.
Further, Hydro-Québec’s vice president, Eric Filion, has revealed on the broadcast Radio Canada that bitcoin miners from Asia have already been in touch with them. “These are really big players who contact us,” Filion notes on the radio show. It seems that’s just what the company wants to help cure its economic situation, offering bitcoin miners cheap hydropower before Québec residents see higher energy taxes.
What do you think about the CEO of Hydro-Québec looking for cryptocurrency miners to inhabit the region? Let us know what you think in the comments below.
Images via Pixabay, the International Hydropower Association, and the Hydro-Québec logo.
Need to calculate your bitcoin holdings? Check our tools section.
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