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Life in Crypto Time

Trading expert Tim Enneking compares the crypto asset space with the early days of the internet, where time just seemed to fly faster.
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Trading expert Tim Enneking compares the crypto asset space with the early days of the internet, where time just seemed to fly faster.

Source

Analyst Who Predicted 1987 Stock Market Crash Predicts Bear Market for Bitcoin and Altcoins – CoinTelegraph


CoinTelegraph

Analyst Who Predicted 1987 Stock Market Crash Predicts Bear Market for Bitcoin and Altcoins
CoinTelegraph
Market analyst Elliott Prechter has projected that digital currencies, particularly Bitcoin, will experience a sharp decline in the near future. Prechter has correctly forecast the surge of Bitcoin in 2010 when the cryptocurrency’s price was just six


CoinTelegraph

Analyst Who Predicted 1987 Stock Market Crash Predicts Bear Market for Bitcoin and Altcoins
CoinTelegraph
Market analyst Elliott Prechter has projected that digital currencies, particularly Bitcoin, will experience a sharp decline in the near future. Prechter has correctly forecast the surge of Bitcoin in 2010 when the cryptocurrency's price was just six ...

South Korea Officially Legalizes Bitcoin, Huge Market For Traders – CoinTelegraph

CoinTelegraphSouth Korea Officially Legalizes Bitcoin, Huge Market For TradersCoinTelegraphSouth Korea has officially legalized international Bitcoin transfers and is on the verge of providing a regulatory framework for Bitcoin trading platforms and ex…


CoinTelegraph

South Korea Officially Legalizes Bitcoin, Huge Market For Traders
CoinTelegraph
South Korea has officially legalized international Bitcoin transfers and is on the verge of providing a regulatory framework for Bitcoin trading platforms and exchanges. On July 3, Representative Park Yong-jin of the ruling Democratic Party of Korea ...

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services. Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 Retail Stores May Suspend Bitcoin Payments Ever since the Japanese government started […]

The post Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1 appeared first on Bitcoin News.

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1

Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services.

Also read: 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1

Retail Stores May Suspend Bitcoin Payments

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1Ever since the Japanese government started recognizing bitcoin as a legal method of payment, a large and growing number of retail stores and restaurants have started accepting the cryptocurrency. However, “some Japanese retailers and restaurants that accept bitcoin are considering halting transactions using the digital currency, which faces a potential split amid competing plans for its future,” according to Nikkei on Thursday.

Restaurant chain Heichinrou and leading electronics retail chain Bic Camera accept bitcoin payments through Bitflyer, Japan’s largest bitcoin exchange by volume. They are both planning to stop accepting bitcoin should Bitflyer shut down its services, the publication detailed.

In addition, Nikkei reported that e-commerce site Bitcoinmall, which accepts digital currencies, is also considering suspending bitcoin transactions for several days beginning on August 1. “We will rely instead on monacoin and other virtual currencies for a while,” said Bitchange, the company which operates the site. Monacoin is an altcoin that has gained popularity in Japan.

Announcements by Bitflyer and Coincheck

Over 5,000 retail stores and restaurants accept bitcoin payments through either Bitflyer or Coincheck which offer payment services for merchants.

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1Bitflyer recently helped Bic Camera stores roll out a bitcoin payment option nationwide. Meanwhile, Coincheck claims to have helped over 5,000 stores accept the cryptocurrency and is in the process of helping over 260,000 stores nationwide accept bitcoin through a partnership with Recruit Lifestyle. Earlier this month, the two partners started rolling out bitcoin payments, starting with eyeglasses retail chain Meganesuper which has 334 locations.

Bitflyer posted a notice on Wednesday, stating that it may halt bitcoin deposits and withdrawals as well as its payment services on July 31 at 22:00 Japan time until about August 2. Coincheck separately announced on Tuesday:

On August 1, 2017, we may temporarily suspend bitcoin deposit and withdrawal for Coincheck exchange and payment services to protect users assets…The resume date is unspecified, but we expect several hours to several days. Also, if we decide that a Bitcoin fork will not take place on August 1, 2017, 12:00 am, the suspension of services will not happen.

Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1However, on Thursday the possibility of a network split was significantly reduced as the scaling compromise for Segregated Witness (Segwit) was locked in with a strong consensus.

Nonetheless, the exchanges are still prepared to suspend bitcoin services, should a network split occur.

Coincheck announced on Friday that “it is highly likely that ‘Bitcoin Cash‘ hard fork will happen around 9:20 pm (JST) on August 1st, 2017.” In addition, “On July 23, 2017, the event of a fork of the Bitcoin protocol may happen. Initially, it was intended to happen on August 1st, but it may happen faster than anticipated,” the exchange added. However, the suspension of services will not happen if Coincheck decides that a Bitcoin fork will not take place.

Retailers are expected to see little impact from halting bitcoin payments, since most of their business is conducted in cash or credit card, Nikkei concluded.

How do you think retailers will be affected on August 1? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitflyer, Coincheck


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

The post Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1 appeared first on Bitcoin News.

Bitcoin Averts Split Into Two Currencies – Fortune


Fortune

Bitcoin Averts Split Into Two Currencies
Fortune
Bitcoin’s miners have signaled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin into two blockchains. The miners represent a network of computer operators who secure the blockchain or a public ledger of
Bitcoin is booming because a split in the cryptocurrency has been narrowly avertedQuartz
Bitcoin Price and Market OverviewCoinTelegraph
Bitcoin Soars as Upgrade Backers Hoist Beers to ArmisticeBloomberg
Motherboard –Bitcoin News (press release) –BBC News –Coin Dance
all 113 news articles »

Fortune

Bitcoin Averts Split Into Two Currencies
Fortune
Bitcoin's miners have signaled their support for the so-called Bitcoin Improvement Proposal (BIP) 91, avoiding a split of bitcoin into two blockchains. The miners represent a network of computer operators who secure the blockchain or a public ledger of ...
Bitcoin is booming because a split in the cryptocurrency has been narrowly avertedQuartz
Bitcoin Price and Market OverviewCoinTelegraph
Bitcoin Soars as Upgrade Backers Hoist Beers to ArmisticeBloomberg
Motherboard -Bitcoin News (press release) -BBC News -Coin Dance
all 113 news articles »

Bitcoin averts split as miners back new software upgrade – Reuters


Reuters

Bitcoin averts split as miners back new software upgrade
Reuters
NEW YORK (Reuters) – Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin’s miners have
Bitcoin is booming because a split in the cryptocurrency has been narrowly avertedQuartz
Bitcoin Surged By $300 in the Past 24 Hours. Here’s Why.Fortune
Bitcoin Soars as Upgrade Backers Hoist Beers to ArmisticeBloomberg
CoinTelegraph –Mashable –BBC News –Coin Dance
all 119 news articles »

Reuters

Bitcoin averts split as miners back new software upgrade
Reuters
NEW YORK (Reuters) - Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Bitcoin's miners have ...
Bitcoin is booming because a split in the cryptocurrency has been narrowly avertedQuartz
Bitcoin Surged By $300 in the Past 24 Hours. Here's Why.Fortune
Bitcoin Soars as Upgrade Backers Hoist Beers to ArmisticeBloomberg
CoinTelegraph -Mashable -BBC News -Coin Dance
all 119 news articles »

Crowdsales Made Simple – ICObazaar Launches New Participation Platform

icobazaar logoICObazaar is an innovative crowdsale participation platform that lets you explore and contribute to any ICO at any stage of the fundraising process. Crowdsales made simple ICObazaar was created to make participating in any ICO as easy and painless as possible for people at any level of experience in the emerging industry. Many ICO campaigns present a number of barriers to participation – including complex registration, limited payment methods, and network overloads that cause supporters to lose time, effort, and even money in the attempt to donate to a project. Many potential supporters end up missing out on crowdsales entirely,

icobazaar logo

ICObazaar is an innovative crowdsale participation platform that lets you explore and contribute to any ICO at any stage of the fundraising process.

Crowdsales made simple

ICObazaar was created to make participating in any ICO as easy and painless as possible for people at any level of experience in the emerging industry. Many ICO campaigns present a number of barriers to participation – including complex registration, limited payment methods, and network overloads that cause supporters to lose time, effort, and even money in the attempt to donate to a project. Many potential supporters end up missing out on crowdsales entirely, especially the most sought after ones.

ICObazaar’s mission is to simplify and demystify the process of crypto crowdfunding by  removing these barriers for participation in any ICO. They make it easy to contribute to any campaign, offering simple, one-time registration on their platform and providing a multi-currency donation interface (up to 50 different digital currencies) for all campaigns on the platform. For security, ICObazaar stores users’ donated funds in a cold storage that mitigates the risk of hacking or theft.

Exclusive Access

Perhaps the platform’s most unique and valuable feature is that they guarantee your participation in ICO campaigns at multiple stages of fundraising – ICObazaar users have exclusive access to campaigns both before they publicly begin and after they’re publicly completed. This expanded access to campaigns means that potential supporters no longer have to worry about missing a campaign, or paying high fees just to make sure their donation is included in the fundraising pool. You can either secure your tokens ahead of time, or, if you were late to the game, get another chance to participate before the tokens become tradeable on the market.

A platform for a changing landscape

ICObazaar recognizes that the way crowdsales function is constantly adapting and changing, and they aim to grow and innovate along with them. “Our main goal is to make sure that people who want to participate in crowdsales have a more intuitive and user-friendly option, and we’re continuing to develop with that in mind,” stated ICObazaar Director of Marketing, Olivia Lakely.

At the end of the day, the platform’s efforts help crypto crowdsales be what they are meant to be – decentralized public efforts to make innovative ideas a reality. The company sees the hassle and complexity surrounding participation in crypto crowdsales as an unfortunate, but avoidable aspect of the industry. Lakely added: “We’re aiming to shift the focus in crowdsales onto what actually matters, the value of the projects themselves. Supporting them should be easy and painless, and on our platform it truly is.”

Company name: ICObazaar

Company site: icobazaar.com

Company contact: Olivia Lakely, [email protected]

Disclaimer: This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

Understanding Bitcoin’s Scaling Debate: Politics Comes First – CoinDesk


CoinDesk

Understanding Bitcoin’s Scaling Debate: Politics Comes First
CoinDesk
A former counsel to committees in both the US House and the US Senate, he served as Global Policy Counsel for the Bitcoin Foundation in 2014. In this opinion piece, Harper lays out how politics controls many of the decisions being made in the bitcoin …


CoinDesk

Understanding Bitcoin's Scaling Debate: Politics Comes First
CoinDesk
A former counsel to committees in both the US House and the US Senate, he served as Global Policy Counsel for the Bitcoin Foundation in 2014. In this opinion piece, Harper lays out how politics controls many of the decisions being made in the bitcoin ...