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Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

April 18, 2019 |

Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

Cryptocurrency prices, which have seen a significant increase since the beginning of April, have again awoken FOMO emotions in the crypto space. If you’d like to know how much profit you would have made if you’d bought certain coins right before the spike, there’s a simple tool that will perform the remorse-inducing calculation for you.

Also read: Bitcoin Forest Offers AI-Based Predictions for Crypto Markets

Calculator Answers the Question ‘What if I had Invested?’

Coin Time Machine is an easy to use website that helps answer the question “What if I had invested in cryptocurrency?” It is one of many “FOMO” calculators that are enjoying renewed interest from potential investors. The online platform allows you to estimate what your profit would have been today if you had bought cryptocurrency for a certain amount of fiat on a specific date, or simply didn’t sell your holdings.

The website offers numerous options including major world currencies like the U.S. dollar, euro, Japanese yen, and also the national currencies of countries where cryptos are popular, such as the Turkish lira.

The website can check prices of a great number of cryptocurrencies, including all of the most popular coins. Select a coin and then set a past date in the calendar when you could have made the crypto investment.

Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made

Most cryptocurrencies registered significant gains in April. Among those with the largest market cap, bitcoin cash led the pack when prices jumped. According to Coin Time Machine, if you bought $ 1,000 of BCH exactly a month ago, you would now have 6.15 BCH worth $ 1,919.50 at the time of writing.

The calculator lets you know the profit you’ve missed to make. In this case, it would have been $ 919.50 – that’s a 91.95% change. The website also displays a chart showing the price of purchase, which was around $ 162 on March 18.

If you need a reliable real-time data about the current prices and market valuations of multiple cryptocurrencies, you can always check the Satoshi Pulse market cap aggregator. Bitcoin.com also offers you the opportunity to buy BCH and BTC with Visa or Mastercard in USD and EUR.

What other FOMO calculators do you know of? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their 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 third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock, Coin Time Machine.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can 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 Coin Time Machine Estimates Profit From Crypto Investments You Could Have Made appeared first on Bitcoin News.

Bitcoin News

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

April 15, 2019 |

BSV Price Drops 13% After Binance Announces Plans to Delist the Coin

On April 15, Binance announced that the trading platform will be delisting bitcoin SV (BSV). The removal follows the tendentious actions of Craig Wright over the last few weeks in which the BSV creator has sent libel lawsuit warnings to well-known digital currency proponents. Since the announced delisting, the price of BSV has fallen by more than 13%.

Also read: Bitcoiners’ Seastead in Deep Trouble With Thai Government

Binance Plans to Delist BSV on April 22

Binance, the largest cryptocurrency exchange by volume, has decided to delist the BSV cryptocurrency. The news follows recent legal threats stemming from Craig Wright’s team of litigators who are demanding an apology from various prominent digital currency enthusiasts. The first person to receive a letter was an online persona known as Hodlonaut, the creator of the Lightning Torch. According to the letter, Hodlonaut called Wright a fraud and the team is expecting an apology or plans to sue for libel.

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

The letter claims Wright is Satoshi and that people who are calling him a fraud are participating in slander. Moreover, a Coingeek article details there is a $ 5,000 bounty for anyone who identifies Hodlonaut. Following this letter, and admission of these legal actions by BSV supporter Calvin Ayre and his publication Coingeek, lots of crypto proponents defended Hodlonaut. Then, on April 11, Binance founder Changpeng Zhao (CZ) tweeted that “Craig Wright is not Satoshi” and promised if there were any more lawsuit threats the exchange would delist BSV.

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

BSV Price Drops 13% Following the Announcement

Following the Hodlonaut incident, podcaster Peter McCormack was also sent a letter from Wright’s legal team. McCormack published his letter, which read similarly to Hodlonaut’s, including the same demand for an apology. The podcaster replied to Wright’s lawyers with a formal response and stated he hopes to resolve the issue “quickly and efficiently.”

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

However, McCormack refused to apologize and stated that he does not believe Wright is Satoshi. In addition to McCormack, it is rumored that a letter was sent to Ethereum’s inventor Vitalik Buterin as well. Then, on April 15, Binance published a blog post stating that it would be delisting BSV for various reasons. Following the announcement, BSV dropped by 13.4% in value to a low of $ 61.37 while most other digital assets have been seeing decent gains. Binance has decided to delist the coin based on the “level and quality of development activity” and “evidence [of] unethical/fraudulent conduct” among other reasons. Binance further stated:

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following coin on 2019/04/22 at 10:00 AM UTC: Bitcoin SV.

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

For years now Wright has claimed he is the person behind the Satoshi Nakamoto moniker, an assertion he has emphasized more brazenly in multiple blog posts over the last few weeks. However, Wright’s claims and all of the proofs he has provided have been widely debunked on various occasions. After the BSV delisting announcement, CZ published a long thread of tweets describing why he thinks Wright is “a fraud.”

BSV Falls 13% After Binance Reveals Plans to Delist the Coin

“The real Satoshi can digitally sign any message to prove it — This is as simple as breathing for him/her,” CZ noted. Meanwhile, the San Francisco exchange Kraken has asked the crypto community if they should delist BSV and Shapeshift CEO Erik Voorhees revealed that Shapeshift will follow Binance and delist BSV within 48 hours.

What do you think about Binance delisting BSV on April 22? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Binance logo, Twitter, and Markets.Bitcoin.com.


Want to create your own secure cold storage paper wallet? Check our tools section.

The post BSV Falls 13% After Binance Reveals Plans to Delist the Coin appeared first on Bitcoin News.

Bitcoin News

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

March 2, 2019 |

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

In this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the crypto industry are facing limited access to banking services.

Also read: Coinhive Closedown, Eos Heist, Crypto Entrepreneur Arrested

Bitmex Bans Traders From Multiple Jurisdictions

Digital asset exchange Bitmex has updated its Terms of Service this week introducing significant changes to the agreement. Users from a number of countries, including the United States, Cuba, Syria, North Korea, and Sudan won’t have access to its services in the future. The restrictions also apply to residents of the Canadian province of Quebec as well as traders from the Autonomous Republic of Crimea and the Federal City of Sevastopol in the Russian Federation.

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

The Seychelles-based operator of the platform, HDR Global Trading Limited, has informed all such residents that holding open positions and entering into new contracts on Bitmex from their respective jurisdictions is not allowed. The exchange also reserves the right to immediately close the accounts of such clients and liquidate any positions they may have opened.

The new agreement is noticeably longer than the old version, with added texts regarding the platform’s access conditions and the accuracy and availability of service, Cryptoglobe reported. Other new provisions concern trading fees as well as the protection of data and intellectual property. The upcoming ban for residents of the U.S. and Quebec was announced in January of this year. The updated terms of service will come into effect on March 6.

Binance Coin Hits Record High Against BTC

Binance coin (BNB), the native token of the largest crypto exchange by daily trading volume, has set a new record against bitcoin core (BTC). At approximately 17:55 UTC on Friday, March 1, its price reached 0.00299880 BTC and a high of $ 11.61 in fiat.

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

BNB’s market cap now stands at $ 1.58 billion. The previous record high for its price against BTC was registered on Feb. 11 this year. The crypto reached its all-time high against the U.S. dollar on Jan. 12, 2018 when it was trading for almost $ 25. The latest spike comes after the company announced a program for traders willing to test its new decentralized trading platform.

Crypto Companies Struggle to Open Bank Accounts in Malta

Malta’s crypto-friendly regulatory framework has attracted dozens of businesses from the crypto and blockchain industry to the island. However, according to a new report, many of these companies are experiencing difficulties when they try to open accounts with local banks.

Sources from service providers, legal firms and finance companies, quoted by the Times of Malta, claim that banks have been declining to work with these entities stating this business is outside their “risk appetite.”

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

The Parliamentary Secretary for Financial Services, Silvio Schembri, told the publication he is currently holding talks with different banks and other stakeholders in an effort to resolve the issue and improve the understanding of the industry. The official noted that banks are often waiting for crypto operators to obtain a license from the Malta Financial Services Authority (MFSA) before opening the doors for them.

No less than 28 applications for registration under Malta’s Virtual Financial Assets Act have been filed with the MFSA since the end of November. The regulator plans to issue its first licenses by the end of this quarter.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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 In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts appeared first on Bitcoin News.

Bitcoin News

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

February 17, 2019 |

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

In this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and investors.

Also read: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

Liberstad Issues Own Token Called City Coin

Liberstad, Norway’s self-proclaimed private city, has adopted its own ‘city coin’ as the official currency and the only medium of exchange in the libertarian territory. The crypto is based on Liberstad’s smart city platform City Chain which utilizes blockchain technology to enable the design, implementation and use of services for the city’s inhabitants. A press release detailed:

Whereas cities currently rely on public services operated by government entities, City Chain gives existing and emerging cities such as Liberstad the opportunity to build and offer services conducted on a private, internal and voluntary basis.

City Chain hosts a number of features for emerging cities like Liberstad. One of them is City Hub, a dashboard for smart city inhabitants that citizens can access through a mobile app. It allows users to interact with the community, vote on or launch new initiatives, register property and contract insurance, among other options.

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

The platform’s native token can already be traded. It’s available on the P2pb2b exchange and Liberstad’s own Block Exchange. According to its creators, city coin will be used to buy products and services within the city, pay wages as well as for funding civic projects.

New investors will also be able to purchase land plots with the coin in the future. The anarcho-capitalist city claims it has already sold over 100 plots to investors coming from various countries. Last year, the project announced it accepts payments in 27 different cryptocurrencies including bitcoin cash (BCH) and bitcoin core (BTC).

Mining Contracts Classified as Securities in Quebec

The Financial Markets Authority of Quebec (AMF) has stated that cryptocurrency mining contracts can fall under existing regulations for securities. The Canadian regulator made the announcement in relation to a request that the investors of a crypto mining company contact the AMF regarding unrecovered investments, The Daily Hodl reported.

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

According to the publication, Technologies Crypto Inc. reportedly took $ 300,000 from investors. They expected their money to be used for cryptocurrency mining. However, many investors have not been able to contact the company for a while. Jean-François Fortin, an AMF official, commented:

With this decision, the Financial Administrative Tribunal ruled for the first time that an investment offer related to cryptocurrency mining may constitute an investment contract, i.e. a security whose public offering is regulated.

In February, the AMF asked the tribunal to issue a series of freezing orders against Technologies Crypto Inc. The company should release custody of its mining equipment and cease all activities related to the trade of securities. The regulator also invited its investors who have to contact the authority and ask for assistance.

Luxembourg Adopts Law to Protect Crypto Investors

The small nation of Luxembourg has adopted a law that will provide protection for cryptocurrency traders and investors. Lawmakers who supported the so-called ‘blockchain bill’ hope that it will bring more transparency to the crypto markets. The legislation was passed with an overwhelming majority of 58 out of 60 votes.

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

According to an announcement published on the website of Luxembourg’s Chamber of Deputies, Bill 7363 is expected to provide financial market participants with legal certainty for the circulation of securities via distributed ledgers. The authors also want to make the transfer of securities more efficient by reducing the number of intermediaries.

With the adoption of the draft, Luxembourg becomes a member of the club of European nations that have taken steps to regulate the crypto space. Other jurisdictions in the group include Switzerland, Estonia, Malta, Gibraltar, and the Isle of Man.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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 In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law appeared first on Bitcoin News.

Bitcoin News

The Daily: Privacy Coin Strength Debated, Hardware Wallet Exploit Demonstrated

January 29, 2019 |

In Tuesday’s edition of The Daily, we detail the theoretical vulnerability found in the Coldcard crypto wallet, coming just one month after its manufacturer ridiculed the flaw found in other hardware wallets. Sticking with vulnerabilities, we also consider the risks of leaving your funds on an exchange in the wake of Liqui’s demise and examine how private zcash transactions really are.

Also read: Italian Court Orders Bitgrail Founder to Refund $ 170M of ‘Missing’ Cryptocurrency

Coldcard Subjected to Proof-of-Concept Hack

Coldcard, the hardware wallet (HW) developed by Coinkite, is vulnerable to a theoretical man in the middle attack that would enable its PIN code to be tried multiple times a second. The attack would require physical access and specialist hardware to perform, but was nevertheless deemed serious enough for Coinkite to publish a blog post encouraging users to select a long PIN code. The white hat hacker who found the exploit, Lazy Ninja, shared his findings with Coinkite, along with a video demonstrating it in action.

As Coinkite explains, “His approach takes between 5 and 10 seconds per PIN attempt … Although we allow very short PIN codes—even just four digits (2+2) for development—as explained in our documentation, best practice is using an eight digit PIN code (4+4), which is what we recommend.” In December, Coinkite published a blog post titled “Some Other Wallets.fail” which poked fun at other manufacturers’ devices that were exploited by the Wallet Fail team.

Liqui Exchange Shuts Down Citing Lack of Liquidity

On Jan. 28, Liqui exchange sent an email to its users stating that: “Much to our regret … Liqui is no longer able to provide liquidity for the users left. We also do not see any economic point in providing you with our services.” It’s promised users that they will be able to withdraw their assets within 30 days of the notice. Speculation has swirled as to the reasons behind the exchange winding down.

Traders have reported withdrawal issues with Liqui for months, and were disgruntled in late December to find updated terms that deducted 3.33 percent per day after a zero-fee withdrawal period ended. Given the shadiness of the Ukraine-registered exchange, whose owners are unknown, its exit from the cryptocurrency space will not be mourned by traders who were able to withdraw all of their holdings in time.

Zcash Privacy Debated

The level of privacy provided by zcash (ZEC) has been fiercely debated this week in the wake of comments from the Winklevoss twins that regulators were more “comfortable” with the coin than monero (XMR). “In theory Zcash has better privacy than Monero. Is there something they know about ZEC that we don’t?” responded well-known cryptographer Peter Todd. He later directed his Twitter followers to a tweet highlighting a ZEC feature that enables transactions to be marked for the purposes of meeting “mandatory KYC/AML bullshit.”

In a separate Twitter debate on Jan. 28, another user ranked the privacy levels of ZEC and XMR, suggesting that the most private method was sending zcash between z-addresses, followed by using monero with lots of “churn” to further obfuscate sender and receiver. “This is quite accurate,” agreed Monero developer Riccardo Spagni.

What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.


Images courtesy of Shutterstock.


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

The post The Daily: Privacy Coin Strength Debated, Hardware Wallet Exploit Demonstrated appeared first on Bitcoin News.

Bitcoin News

The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage

January 24, 2019 |

The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage

In this edition of The Daily, the Polish financial watchdog has authorized two crypto companies to operate as payment service providers and a bank in the Netherlands now offers crypto storage to its clients. Also, recently leaked images show the long-awaited Samsung S10 may indeed come with a cryptocurrency wallet.

Also read: Huobi Downsizes, New OTC Desk to Launch in US

Poland Grants Licenses to Coinquista and Bitclude

The Polish Financial Supervision Authority, Komisja Nadzoru Finansowego (KNF), has licensed two crypto startups as payment providers. The companies, Coinquista and Bitclude, offer a number of services related to cryptocurrency such as digital asset exchange platforms and crypto wallets.

Although the license does not explicitly mention these products, the regulator explained that the two startups will be able to provide a variety of payment services and solutions for customers in Poland, Finance Magnates reported. That includes accepting cash deposits and withdrawals.

The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage

Furthermore, Coinquista and Bitclude will be authorized to process payment transactions, transfer funds, and execute direct debits. Under their licenses, the crypto companies will also be allowed to use payment cards and issue payment instruments.

According to Coinquista CEO Ireneusz Pukin, KNF‘s decision to register his company as a payment service provider proves the exchange can run legal business in Poland. Pukin also believes the move is an indication that the financial watchdog is not against activities such as those Coinquista is associated with.

In the past year, authorities in Poland took steps to regulate certain aspects of the crypto space without banning cryptocurrencies and related operations. In November, amendments to the country’s income tax regulations were introduced to incorporate the taxation of profits from crypto transactions.

ABN Amro Introduces Crypto Storage Service

ABN Amro, a bank based in the Netherlands, has recently launched its storage infrastructure for digital assets. The financial institution announced that 500 clients have already subscribed for the new service, which is still in testing mode.

The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage

According to the bank, its platform ensures secure storage for the private keys of users’ crypto wallets. ABN Amro also provides guarantees for digital assets worth up to €6,000 (~$ 6,800) that are kept with the bank.

The crypto storage solution is integrated with ABN Amro’s online banking interface used by its clients for regular transactions, Forklog reported. The crypto news outlet noted that in the summer of 2018, ABN Amro’s clearing arm launched a blockchain-based trading platform for securities and financial derivatives. The project was realized in partnership with Nasdaq, Euro CCP and Euroclear.

Leaked Images Show Galaxy S10 Has a Crypto Wallet

Samsung’s long-awaited anniversary edition phone, the Galaxy S10, may indeed feature a cryptocurrency wallet. The extra has been the subject of much debate and speculation but newly leaked images on social media appear to confirm this functionality has been added.

The flagship mobile device of the Korean electronics giant is scheduled to be presented to the public in February. However, it caught the attention of crypto enthusiasts long before its expected launch.

Rumors of the possible crypto wallet integration surfaced last year but were reportedly dismissed by Samsung. Later, news came out that the company filed to register a trademark in the United Kingdom that suggests it’s considering offering such a feature.

As seen in the leaked images, the slick new smartphone has an option in its menu called “Samsung Blockchain Keystore” that offers “a secure and convenient place for your cryptocurrency.” It allows users to either import an existing wallet or create a new one.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


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

The post The Daily: Crypto Startups Licensed in Poland, Dutch Bank Offers Coin Storage appeared first on Bitcoin News.

Bitcoin News

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin

January 4, 2019 |

The Daily: Cointext Offers BCH Wallet in the Philippines, Beam Launches Mimblewimble Coin

Cointext’s SMS bitcoin cash wallet is now available in the Philippines and we’ve got the details below. Also in The Daily on Friday, the first Mimblewimble coin has been launched by Beam and crypto exchange Binance reintroduces its platform for token sales, Launchpad, which will host the Bittorrent token generation event.

Also read: New York Establishes Crypto Task Force, Novogratz Buys More of Galaxy Digital

Cointext Services Now Available to Filipinos

Cointext, a platform that enables users to transfer cryptocurrency offline using simple text messages, has launched its service in another new market. The SMS bitcoin cash (BCH) wallet is now available in the Philippines, a country with a population of over 100 million people and a large diaspora around the world.

The Cointext wallet allows anyone with even a basic mobile device that supports text messages to send electronic cash to other phone numbers or BCH addresses. What’s more, to receive the money, the recipients don’t even need to download a wallet, install an application, set up an account or have access to the internet.

These features are behind Cointext’s growing popularity in countries where modern smartphones are available to a small portion of the population and the majority of telecom subscribers still use traditional mobile phones. Cointext also appeals to residents of countries that receive a lot of remittances from abroad, from Brazil to Romania.

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin

“The ability to send value over SMS is tailormade for the Philippines,” said Cointext founder and CTO Vin Armani, as quoted by Prweb. “Remittances are a big part of the economy and Filipinos are already big adopters of cryptocurrency, especially bitcoin cash.”

Armani added that the country has many cryptocurrency exchanges and that “makes using cryptocurrency for remittances a no-brainer” as it allows easy conversion to local fiat, the Philippine peso. With Cointext, Filipinos will also be able to make cross border transfers at much lower costs, in comparison with traditional services.

With the addition of the Philippines, the number of markets where Cointext is currently available grows to a total of 39. New users in the country can get a Cointext wallet by texting START or SIMULAN to the access number 639221101037.

Mimblewimble Coin Beam Launched

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble CoinOn the 10th anniversary of Bitcoin’s genesis block, a new privacy-oriented coin based on its blockchain was launched. Beam, which is issued by an Israeli startup, uses Mimblewimble, a protocol that was originally developed in 2016 with the aim of both improving the scalability of the Bitcoin network and increasing the privacy of its users. Its developers eventually concluded they needed to create a separate Mimblewimble cryptocurrency.

Another project called Grin was the first to start work on a crypto utilizing the protocol. However, Beam became the first to attract venture capital financing to issue a Mimblewimble coin. Grin is now scheduled to launch in mid-January, as news.Bitcoin.com reported last month.

According to an announcement on Medium, Beam’s mainnet release contains the following components for Linux, Mac, and Windows devices: desktop wallet app that includes a CPU miner node, CLI wallet and Beam node. A standalone Opencl miner and a standalone Cuda miner are available for Linux and Windows-based systems.

Binance Launchpad to Host Bittorrent Token Sale

The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble CoinBinance, currently the largest cryptocurrency exchange by daily trading volume, is reinstating Launchpad, its platform dedicated to token sales. Launchpad was initially introduced in August of 2017 with the Bread and Gifto sales. The exchange has just announced that Binance Launchpad will be featuring new projects in 2019.

According to the release, Launchpad will start with two projects: Bittorrent and Fetch.ai. “Further announcements for each upcoming project launch will be made in the coming weeks,” the exchange added.

Verified Binance users will be able to buy the tokens using bitcoin core (BTC), ethereum (ETH) and binance coin (BNB). Residents of the U.S., China and South Korea won’t be able to participate due to regulatory restrictions.

Bittorrent recently announced its new digital coin which will be offered through a token sale conducted on Binance Launchpad. The Bittorrent token (BTT) will be based on the protocol developed by Tron, which acquired Bittorrent last summer.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Smartmockups, Beam.


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 The Daily: Cointext Offers Philippines BCH Wallet, Beam Launches Mimblewimble Coin appeared first on Bitcoin News.

Bitcoin News

Iran Labels Telegram’s Coin a Threat to National Security

December 31, 2018 |

Iran Labels Telegram’s Coin a Threat to National Security

Tehran has once again targeted the users of the popular messaging application Telegram. A law enforcement official warned Iranian citizens against providing any support for the launch of the instant messaging app’s native token, the Gram.

Also read: Bill to Curb Iranian National Crypto Filed in US Congress

‘Disruption to the National Economy’

Iran Labels Telegram’s Coin a Threat to National SecurityAuthorities in Iran would interpret any cooperation with Telegram on the issuing of their crypto as “an action against the national security” of the Islamic Republic. That’s according to a recent statement by Javad Javidnia, secretary of the country’s Criminal Content Definition Task Force.

Javidnia emphasized that instances of providing such support “will be dealt with as a disruption to the national economy.” Quoted by the Fars news agency on Sunday and later by the English-language newspaper Tehran Times, the official also stated:

One of the most important factors in banning Telegram was the sense of a serious economic threat from its activities, which was unfortunately marginalized and neglected due to the fuss in the political atmosphere of the country.

Telegram has been developing its Telegram Open Network (TON) in order to provide its customers with a digital payments system. All Telegram users will get a TON wallet and the platform’s developers hope to make Gram the “world’s most adopted cryptocurrency.”

The company planned an initial coin offering for its Gram token earlier this year but the ICO was canceled after Telegram reportedly raised $ 1.7 billion from private investors. The ico-telegram.org website confirms that and currently warns investors they have 31 days left before the refund windows is closed. The issued refunds now amount to over 97.7 percent of the raised total.

Banning the Messenger

Iran Labels Telegram’s Coin a Threat to National SecurityThis past spring, the operator of the messaging service, a company founded by famous Russian entrepreneur Pavel Durov, revealed that Telegram had over 200 million monthly active users around the world. The app has become extremely popular in the global crypto community as well as in jurisdictions with extensive internet censorship regimes.

The messenger has been blocked already in the People’s Republic of China. Authorities in the Russian Federation have been trying to restrict access to its platform for months this year, after Telegram refused to hand over its encryption keys to the Federal Security Service (FSB).

Moscow’s attempts to prevent Russians from using Telegram have been largely unsuccessful. In fact, the number of its users in the country has grown to over 3.4 million since the Russian telecom watchdog Roskomnadzor started its offensive. Russian-language channels have also significantly increased their membership.

The instant messaging app with Russian roots gained much more popularity in Iran, where it is believed to have 50 million users, according to a BBC report. However, in April the Iranian judiciary banned Telegram “to protect national security.” The measure was imposed after mass anti-government protests in January over the deteriorating socio-economic conditions in the country. Officials claimed the rallies had been organized in Telegram chats.

Iran and Cryptocurrencies

Iran Labels Telegram’s Coin a Threat to National SecurityThe attitude of the Islamic Republic towards cryptocurrencies has changed over time, especially after the Trump administration pulled out of the nuclear deal and reintroduced U.S. sanctions, which among other restrictions limited Iran’s access to the dollar. That’s not to say that Tehran has become really positive about decentralized cryptos such as Bitcoin but, for instance, the country took steps to recognize mining as an industry and allow the imports of mining equipment.

Iran has also been working to issue a national cryptocurrency and according to recent reports, the organizations behind the project have already finalized its development. Just recently, a new bill aimed at curbing Iran’s efforts to create a sovereign coin and use it to circumvent sanctions was introduced in the Congress in Washington. The draft legislation bans U.S. citizens and companies from all transactions and dealings in Iranian digital currency and introduces new sanctions against foreign nationals and organizations supporting its development.

What is your opinion about the latest Iranian action against Telegram? Share your thoughts in the comments section below.  


Images courtesy of Shutterstock. 


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post Iran Labels Telegram’s Coin a Threat to National Security appeared first on Bitcoin News.

Bitcoin News

PR: Bitcoin Fork Bithereum Launches Coin to Revolutionize Cryptocurrency Mining

December 17, 2018 |

Bitcoin Fork Bithereum Launches Coin to Revolutionize Cryptocurrency Mining

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.

Dubai, UAE. – The Bithereum (BTH) team is officially launching their peer-to-peer (P2P) fork of Bitcoin centered around “Proof of Stake”, the future of Ethereum mining and blockchain consensus. The launch of Bithereum will occur around December 28th, or at Bitcoin block number 555,555. Based on security, scalability, and functionality, this platform will ultimately lead the world closer to a fully-inclusive, global, decentralized currency.

“Bithereum has developed a platform that will enable a truly peer-to-peer currency while mitigating many existing issues in Bitcoin through its multi-pronged scaling approaches,” explains Bithereum co-founder Sachit Singh. “By bringing together the best aspects of both Bitcoin and Ethereum, we are confident our network will revolutionize Bitcoin mining via Ethereum’s technological roadmap and lead to the widespread adoption of cryptocurrency.”

Bithereum will be starting as a Proof of Work coin upon launch, but recognizes its various inefficiencies in the long-term and will focus on Proof of Stake implementation as a paramount objective; the team has already released a proof-of-concept model for the implementation to the public.

“Proof of Stake”, or PoS, will be the engine that gets this train moving. PoS is a transaction validation method that makes the blockchain network faster, more efficient and cheaper to run. The current Bitcoin mining method, known as “Proof of Work’” is very costly and wasteful in the long run. Not only are there very high up-front costs, but there are also the issues of excessive energy consumption, monopolization of mining efforts and a slow transaction speed.

Co-founder Scott Wade explains: “By augmenting transaction speed and reducing fees, ‘Proof of Stake’ mining will be an economical as well as an ecological advancement.”

“This new method will also lower the excessive energy consumption used by ‘Proof of Work’ mining. We are excited about the potential,” concluded Wade.

Furthermore, the network will be rewarding anyone who runs a full node, similar to how miners get rewarded for their work in every Proof-of-Work system. Full nodes are machines that store the entire blockchain and are a necessity for keeping the network up, however they are not incentivized to do so; Bithereum will address this issue with regular incentives.

Bithereum represents two chains in one coin; by hard-forking Bitcoin, and hard-spooning Ethereum to reward them with BTH, it will be the world’s first hard-spork, rewarding holders of coins on both chains. Ethereum Holders also have the option to claim their BTH prior to the launch on the website if they choose to.

Users who wish to see more about the platform are encouraged to go to the website and to start keeping up with the progress leading up to the launch.

-30-
For more information:
Sachit Singh
Operations Lead & Founder
Contact us at info@bithereum.network

About Bithereum:
Headquartered in Dubai Outsource City, Bithereum aims to do what no other hard fork has done: fusing the visions of both Bitcoin and Ethereum, and ultimately revolutionizing mining, improving scalability, and increasing network consensus. Please log on to: https://bithereum.network/ for more information. Also log on to https://medium.com/bithereum-network for more detailed blogs/tutorials about Bithereum.

Contact Email Address
info@bithereum.network

Supporting Link
http://bithereum.network

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.

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The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

December 17, 2018 |

The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

In The Daily on Monday, a new digital coin project targeting the ‘Yellow Vest’ protesters is promising censorship-free crypto transactions. Also, a regulated security token trading platform is now live in the U.S., South Korean internet giant Kakao invests in an Israeli startup, and crypto exchange Abra is giving away bitcoins for Christmas.

Also read: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins

‘Get Your Freedom Back!’

A new digital token project using symbols associated with the Yellow Vests (Gilets Jaunes) protestors in France has been devised. The creators of the Gilet Jaune Coin (GJCO) claim their main goal is to support what has become an international movement “in the legitimate struggle of nations to self-determination, and the reconquest of their economic, territorial, and monetary sovereignty.”

The coin’s website is littered with slogans such as “Get your freedom back,” “Long live the Gilets Jaunes” and “The people will not be sacrificed on the altar of debt!” It also abounds in promises and calls like “We will be listed on exchanges soon,” “To stay united, you should mine on our own pool” and “We invite you to buy a Gilet Jaune Coin wallet.”

The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched

The project’s team claims the coin is inspired by Bitcoin and based on Ethereum, and insists GJCO is easy to use and “perfect for transactions… at ridiculously low costs.” The developers of the new crypto further assure the public that the Gilet Jaune Coin is censorship-free and fraud-resistant, stating that its use is “recommended during the fight against the banking oligarchy, seeking to enslave us!”

It’s unclear whether the digital coin is actually related to the Yellow Vests Movement. The social media links on its website do not lead to real accounts, but coin’s Telegram channel now has over 90 members. The Mouvement des Gilets Jaunes demonstrations, which started as a protest against increased fuel prices in France this past November, have spilled over to other EU countries and even Turkey and Iraq. Protesters have also raised a number of demands related to socio-economic problems such as low incomes and government corruption.

Regulated Security Token Trading Platform Now Live

The Daily: Yellow Vest Coin Created, Security Token Trading Platform LaunchedOpen Finance Network (OFN), a security token trading platform regulated in the U.S., announced it’s transitioning from beta to full trading functionality. According to a blog post on Medium, one of the security tokens available to trade at launch is Blockchain Capital (BCAP). Blockchain Capital is a tokenized venture capital fund focused on digital assets. OFN notes that this is a compliant security token offering.

The platform is now available to both accredited and non-accredited investors in the United States and other markets. It implements a one-time verification procedure through an application called Investor Passport that allows users to invest based on their eligibility. Open Finance Network has also developed its own security token standard called the Smart Securities Standard in order to be able to offer both token issuance and secondary market trading.

Kakao Invests in Israeli Startup Orbs

South Korean Internet giant Kakao Corp. has invested in the Israeli crypto startup Orbs through its venture arm, Kakao Investment, Reuters reported. Kakao, which is South Korea’s largest messaging app operator, announced earlier this year its plans to establish a unit focused on blockchain technology. Orbs, which did not disclose the size of the investment, said the funds will help it grow and build on its existing partnership with the Kakao blockchain subsidiary Ground X. The two companies are already working together to develop applications of crypto technology.

Abra Giving Away Bitcoins for Christmas

The Daily: Yellow Vest Coin Created, Security Token Trading Platform LaunchedDigital asset exchange and crypto wallet provider Abra has decided to cheer up crypto enthusiasts during the bear market with a Christmas promotion. The platform is now giving away $ 25 of BTC to new investors for its ETF-style token called Bit 10. To be eligible for the crypto cashback, however, users have to buy at least $ 1,000 worth of tokens before the end of this month. And there’s another catch, according to The Next Web – Bit 10 is a market tracking index token that can be purchased and sold only through the Abra app. The token tracks the top 10 cryptocurrencies each month, which means its value will only go up in a bull market, but may struggle in the current one.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Gilet Jaune Coin.


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The post The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched appeared first on Bitcoin News.

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