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UBS: Bitcoin Can Replace Fiat Money When It Hits $213000 – Bitcoinist


Bitcoinist

UBS: Bitcoin Can Replace Fiat Money When It Hits $213000
Bitcoinist
Bitcoin will eventually replace the U.S. dollar and all other fiat currencies. When this will happen, nobody knows. However, a recent UBS study concludes that for Bitcoin to replace the U.S. currency, it has to reach a value of about $213,000 USD.
‘Lack Of Stability’ Among Factors Preventing Global Bitcoin Breakout, Says UBS StrategistCointelegraph
Bitcoin Price Could Fall Below $6000 if it Fails to Maintain Current Support LevelEthereum World News (blog)
Bitcoin still too ‘unstable’ to be mainstream money, UBS saysCNBC
CoinDesk –Bloomberg –Bloomberg –Bloomberg
all 93 news articles »

Bitcoinist

UBS: Bitcoin Can Replace Fiat Money When It Hits $213000
Bitcoinist
Bitcoin will eventually replace the U.S. dollar and all other fiat currencies. When this will happen, nobody knows. However, a recent UBS study concludes that for Bitcoin to replace the U.S. currency, it has to reach a value of about $213,000 USD.
'Lack Of Stability' Among Factors Preventing Global Bitcoin Breakout, Says UBS StrategistCointelegraph
Bitcoin Price Could Fall Below $6000 if it Fails to Maintain Current Support LevelEthereum World News (blog)
Bitcoin still too 'unstable' to be mainstream money, UBS saysCNBC
CoinDesk -Bloomberg -Bloomberg -Bloomberg
all 93 news articles »

Crypto Invest Summit Founders Josef Holm and Alon Goren Launch GHV, a Blockchain and Cryptocurrency Investment Fund

8/3/2018 – Santa Monica & Westlake Village, CA – Josef Holm and Alon Goren today announced the launch of Goren Holm Ventures (GHV), a cryptocurrency and blockchain investment fund and advisory group.  GHV invests in and also incubates projects related to blockchain technology, digital currency, crypto assets and marketing and/or servicing those products. As the […]

8/3/2018 – Santa Monica & Westlake Village, CA – Josef Holm and Alon Goren today announced the launch of Goren Holm Ventures (GHV), a cryptocurrency and blockchain investment fund and advisory group.  GHV invests in and also incubates projects related to blockchain technology, digital currency, crypto assets and marketing and/or servicing those products.

As the founders of Crypto Invest Summit, one of the worlds largest cryptocurrency investment conferences, Goren and Holm have incredible access within the crypto and blockchain ecosystem.  GHV’s hands-on approach, and their ability to collaborate and co-invest with other crypto-focused funds, gives their early-stage companies a strong foundation on which to buidl.

“GHV is one of our favorite groups to co-invest and partner with,” says Ran Neu-Ner host of CNBC’s Crypto Trader and Founding Partner of OnChain Capital.  “We can’t wait to announce some of our upcoming deals and projects together.”

GHV will also incubate and launch innovative and new crypto and blockchain products.  Goren and Holm have unique financial technology backgrounds with track records of founding, building and launching companies for the crowdfunding and online investment space.  They will bring this experience into GHV and launch multiple crypto industry focused startups.

About GHV:

GHV, founded by Josef Holm and Alon Goren is a cryptocurrency and blockchain investment fund and advisory group.  GHV invests in and also incubates projects related to blockchain technology, digital currency, crypto assets and marketing and/or servicing those products.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The Age of Equality: How Blockchain Helps to Reduce Social and Gender Gaps

Blockchain has the potential to change the world and make it a more equal place. The big names of the Blockchain world should explore how to do it. When it comes to disruptive technologies, nothing takes the centrestage more than Blockchain. It’s use has been talked about across sectors and industries. There can be no […]

Blockchain has the potential to change the world and make it a more equal place. The big names of the Blockchain world should explore how to do it.

When it comes to disruptive technologies, nothing takes the centrestage more than Blockchain. It’s use has been talked about across sectors and industries. There can be no denying that Blockchain has its uses in the financial, governmental, legal, commercial, art and technological fields etc, but it is Blockchain’s social impact that may come to define it as one of the most important breakthroughs of our time. The United Nations has already demonstrated that Blockchain has the ability to tackle inequality, which is a plague that runs through our social fabric globally and takes various forms, whether it is gender, economic, class, caste or political inequality.

In this respect BlockShow has always been a leader. Equality is at the heart of our organisation, especially gender equality. As with the BlockShow Europe 2018 which voted on leading women in the Blockchain Space and provided them recognition, the platform that Blockshow creates is available to discuss the pressing social problems of our time. BlockShow Americas 2018, which will be held at Las Vegas between August 20-21, 2018 is the perfect opportunity to concentrate on the question of equality. An in-depth discussion on equality would be held at the  ‘How Blockchain affects the Americas’ Emerging Economies’ panel in the conference. The mandate of the panel is to discuss how Blockchain can contribute to the emerging economies on both the American continents in the North and South. The panelists will explore how the unbanked can be provided financial and banking services with the use of the latest blockchain technologies and breakthroughs.

Pilferage no more a barrier to equality

Corruption has a deep impact on governmental programmes, especially those in developing countries. In the Americas corruption is having a deep impact on the lives of people. According to Transparency International based on the estimated size of Latin American and Caribbean countries, nearly 90 million people paid bribes. Half of the people that Transparency International surveyed said that governments are failing to ‘address corruption’.  The OECD points out, “The significant impact of corruption on income inequality and the negative effect of corruption on income growth for the poorest 20% of a country have been proven empirically (Gupta et al. 2002).”

Delivery of services through Blockchain based cryptocurrencies can be an answer to this problem. These transactions will be low cost or no cost and can be delivered through mobile telephony. It is estimated that mobile phone users worldwide would reach 2.87 bln by 2020. The combination of powerful DAPPS and high phone usage can finally put an end to leakages in Official Development Assistance (ODA).

Giving women their due

Gender equality can turn into a reality when women get their fair share. In the United States pay gap between the genders has persisted since the 1980s. According to Pew Research, the estimated 18-cent gender pay gap between all workers in 2017 narrowed from 36 cents in 1980s but it has still persisted. Pew also concludes that four in ten working women have experienced gender discrimination at work. These are serious issues that need to be addressed.

Blockchain based payroll solutions can be used to eliminate discrepancies such as gender based pay-gap. A private blockchain based solution can be deployed according to Ian Bond to remove gender based markers and bring more objectivity into payroll. Even though Blockchain is a male-dominated space itself, there are opportunities to change that. Blockshow is a good example of that as it has managed to demonstrate how women can play a crucial role in community building, create engagement and devise inclusive processes. As there is a great demand for blockchain talent, there is also space and opportunity to bring more women into the fold. In that sense blockchain is not only empowering women by technological solutions but also by creating space for them.

The great societal equaliser

In the poverty statistics released in September 2017 by the US Census Bureau as reported by Federal Safety Net, a clear picture emerges that minorities are hard hit when it comes to poverty. 22 percent of Black Americans, 19 percent of Hispanics, 20 percent foreign born non-citizens are classified as poor. Better delivery of benefits and social security can cut down the suffering of individuals who live on the margins of society. As an example The Supplemental Nutrition Assistance Program (SNAP), which is better known as Food Stamps has seen fraud rise in the four years preceding 2016. According to Forbes, “It (fraud) jumped to $592.7 million in 2016, up a staggering 61% from $367.1 million in 2012.”

 

Fraud can be tackled easily by a Blockchain based system. In fact, volumes have already been written about Blockchain can help tackle diploma and degree fraud and extending this technology to social security in US could completely eliminate problems associated with giving the marginal sections their due share in society. In this respect, the panel Blockchain 4 Good: Making Every Voice Heard is an opportunity to come up with out of the box solutions for pressing social issues. Members of this panel will discuss equality and the inclusion of communities and minorities in the blockchain ecosystem. The panel’s discussions will lead to ideas that allow for more participation of women, sexual minorities, people of diverse ethnicities etc., so that they too can reap the benefits of this emerging technology.

Let us talk equality

At BlockShow, we encourage out of the box solutions that lead to using the technology in the real world. Adoption of Blockchain will only gather steam when there is a multifaceted effort to use it across financial, technological and social landscapes. At BlockShow America 2018, the world of Blockchain will come together and over the course of two days many solutions to the pressing problems of the world will be found. At the conference experts who will shed their insights include Mike Butcher, Editor-at-large at Techcrunch, Nouriel Roubini, Founder and Chairman of Roubini Global Economics, Alex Mashinsky, Serial Entrepreneur, Venture Investor, Tech Innovator, Founder of Celsius Network, Johanna Maska, White House Director of Press Advance for President Barack Obama and other important Blockchain personalities. This is our chance to come together to create a more equal world and protecting the most vulnerable sections of humanity so that they have a shot at prosperity as well.  

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Ways US Students Save Money on College Tuition and Loans

Most Americans have a hard time paying off their student loans. With many college students needing and wanting a degree combined with the high cost of a college education, families are trying their best to find a way to help their kids get through college. The good news is there are ways to save an […]

Most Americans have a hard time paying off their student loans. With many college students needing and wanting a degree combined with the high cost of a college education, families are trying their best to find a way to help their kids get through college. The good news is there are ways to save an average of $40,000 in tuition fees, as well as the loans that come with them.

What follows are some tips that can help students find and earn money, as well as reduce costs for their college degree—without having a huge student loan debt at graduation.

Free College Education

A college education doesn’t come cheap, but there are ways you can get one free. The best thing about getting a free education is that you don’t need to worry about paying back student loans. However, getting free tuition has specific requirements. Here are some options available for students in the United States.

  • Grants – Students can apply for grants through the Free Application for Federal Student Aid. They are given out based on the financial status of the student and don’t need to be paid back. Some grants are also available based on the student’s chosen career.
  • Military-Based Funds – Dependents of veterans have various options for their college education. The first one is the GI Bill that gives dependents of military members up to 36 months of college benefits. Tuition assistance is also available to active military members up to $4,500 each year.
  • Employer Reimbursement – More than half of all employers provide some type of tuition-fee reimbursement. Some companies have taken the initiative of paying back some of their workers’ student loans. There are instances in which companies are willing to completely pay for their employees’ master’s degree.
  • Crowdfunding – A new way of getting money for college is through crowdfunding. Students can start an online campaign to raise funds through donations. Some of the commonly used platforms are IndieGoGo and GoFundMe.
  • Cash Awards and Scholarships – There are billions of dollars just waiting for students to apply for them. There are scholarships for almost anything you can think of. Cash awards are often available for upperclassmen through organizations and associations.

Save for College Education

Another way to lower the impact of college tuition is to start saving as early as a child is one year old. Even though parents might be able to save only around $10,000, it is still a significant amount taken out of the costs of sending their son or daughter to college. Setting aside a small amount each month can add up to a huge amount over time.

Students who plan to complete their college education without debts should begin saving as soon as possible. Advance high school student planning can help individuals achieve their goal of avoiding student loans when they enter college.

Get a Job

Many students work while they are attending classes. Most of them work in the hospitality and retail industries. Delivery companies also provide an alternative source of employment for college students. Many students also apply for full-time jobs during breaks.

When looking for a part-time job, find one that doesn’t require late hours, and has a flexible work schedule, good wages, and a positive working environment. If possible, find a job that’s related to the field you want to enter after you earn your degree.

In-State Tuition

In-state and community colleges offer lower tuition fees than private universities do. In-state students pay $10,000 less compared to the same courses at an out-of-state school. Keep in mind, though, that tuition and other fees differ from one state to another.

Enroll in Early-College Programs

Some students lower their college tuition by enrolling in early-college programs. These initiatives allow students in grades 11 and 12 to take college courses. As a result, they reduce the money and time spent at four-year colleges, sometimes in half.

The early-college program is relatively cheaper than other pre-college programs across the United States. It provides opportunities for low-income students to continue their studies after they graduate from high school.   

Another way to save on college tuition is to earn an associate degree within two years and then transfer to a four-year course. Two-year programs are less expensive and give students the opportunity to complete the prerequisites for a degree.  

Determine What You Can Afford

If you have no savings for a college education, then you need to reprioritize what you currently have in the bank. Families should look at their budget to find out what they can reallocate toward tuition.

A solid budget plan along with a small student loan can help you with your tuition. Some colleges also offer tuition payment plans that can help take some of the sting away from a large expense.

One thing that you should know is that federal student loans come with a standard 10-year repayment scheme. The first payment for the loan is due six months after the day of the graduation.

Most students don’t know is that the government has other repayment plans that can lead to lower payments after graduation or delay repaying the loan altogether. The most popular option is the income-driven scheme because the amount due adjusts based on the borrower’s salary.

There’s also the possibility of being forgiven before you paid a loan off completely. To qualify for this option, you should work in a non-profit, government, or any other public service position. You also need to pay your dues on time for ten years. The best thing about this is that you don’t need to pay taxes on the loan balance.

Some students opt for an income-based repayment scheme that allows them to be eligible to have their loans forgiven within 20 to 25 years. It depends on when you borrowed, but you need to pay taxes on the remaining amount.

Reduce Overhead Costs

Students can also reduce their education costs by lowering their daily expenses. You can opt for a cheaper dorm instead of a more expensive apartment. If the campus is near your  home, you should consider living there for several years.

Another way to reduce your daily expenses is to cook your own food instead of eating out. You can prepare your meals in advance so that you don’t need to eat out when you are busy with school.

Maximize Federal Student Loans

Before you turn to private bad credit lenders, you should first maximize the federal loans that are available. Private ones have higher interest rates and may include compound interest while you are still in school. Private loans also don’t have provisions for deferment, forbearance, and forgiveness.

The fear of getting a student loan should not stop you from pursuing higher education, however. As you can see, there are ways to help you reduce or even avoid having to take out a student loan. You just need to start with your plan early to ensure a bright future—with little to no debt.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Canaan Crypto Mining TV Launched to Catch Bitmain’s Market

The so-called world’s first ever crypto mining TV has just been born, courtesy of the one of the largest makers of Bitcoin mining equipment, Canaan Creative. South China Morning Post has reported the launch, which the company has stated is a step towards creating a new generation of devices which are linked to blockchain and …

The post Canaan Crypto Mining TV Launched to Catch Bitmain’s Market appeared first on BitcoinNews.com.

The so-called world’s first ever crypto mining TV has just been born, courtesy of the one of the largest makers of Bitcoin mining equipment, Canaan Creative.

South China Morning Post has reported the launch, which the company has stated is a step towards creating a new generation of devices which are linked to blockchain and IoT.

The device is marketed as a smart TV with a difference, enabling the user to tap into a processing output of 2.8 trillion hashes per second. Given that a made-for-purpose rig manufactured by the company can process 11 trillion hashes per second, this is still pretty significant for a TV.

The device is marketed as “AvalonMiner Inside”, although how the company connects their new device to the mystical isle associated with Glastonbury is anyone’s guess. Miners though, if not impressed by the name, will certainly have much to marvel at, according to Canaan. Such features as voice control, real-time Bitcoin mining profitability display and a digital tether to Canaan’s platform allowing users to pay for extras using mined coins.

The project has received some scorn, notably from Bitcoin analyst Xiao Lei who said: “It looks more like hype. It will be more meaningful if these companies are able to embed the mining function into existing major TV brands.”

There is absolutely nothing to say that this may be the way the future takes media hardware.

Canaan applied for an Initial Public Offering (IPO) earlier this year in Hong Kong with the hope of raining in a significant starter fund. At present, Canaan needs to keep one eye on its competitor Bitmain which at present has a huge 70% of the global Bitcoin mining device market. When the company applied for the IPO it stated:

“If we cannot maintain the scale and profitability of our single line of system products and, at the same time, offer new products, our ability to continue to grow will suffer.”

To this end, the company has expressed that it intends to follow up AvalonMiner Inside with further innovations, and break away from simply manufacturing mining chips.

 

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The post Canaan Crypto Mining TV Launched to Catch Bitmain’s Market appeared first on BitcoinNews.com.

Can Blockchain Make Fraudulent Fisheries a Thing of the Past?

Think you know your halibut from hake, or your salmon from swordfish? Think again. Incidents of fraudulent fish labelling are rife – but blockchain technology could fix it. Blockchain Technology Set to Revolutionise Supply Chains Modern supply chains are incredibly complex. It’s unlikely that the food you ate today arrived on your plate straight from

The post Can Blockchain Make Fraudulent Fisheries a Thing of the Past? appeared first on NewsBTC.

Think you know your halibut from hake, or your salmon from swordfish? Think again. Incidents of fraudulent fish labelling are rife – but blockchain technology could fix it.

Blockchain Technology Set to Revolutionise Supply Chains

Modern supply chains are incredibly complex. It’s unlikely that the food you ate today arrived on your plate straight from the farm or fishery. It probably travelled through various different businesses along the way – it certainly went to a packager and retailer at least, before it was picked up by you.

In such an elaborate supply chain, the consumer must trust what the packaging of a product says. “Wild caught Alaskan salmon” shouldn’t come from a fish farm in South Korea, for example. How can you be sure it didn’t though?

The answer, for now, is you can’t.

The fishing industry is particularly bad for such fraudulent food labelling. According to an article by Forbes, a report conducted between 2010 and 2012 by a leading marine surveying organisation, Oceana, identified that as many as one in three seafood products in the United States were incorrectly labelled. What’s more, some operations have even replaced what is presumed real seafood with chemically created “fish” products.

However, there is an even deeper problem in the fishing industry. Incidents of illegal, unregulated, and unreported (IUU) fishing that take no notice of over-fishing legislation are also rife. A second report cited by the Forbes article states that such incidences of “IUU” fishing cost the industry over $10 billion each year. This figure was calculated a few years ago now and, as such, could be far greater today.

Previous efforts to tackle such fraudulent and illegal practices have largely failed. One initiative, Sea to Table, sought to take on the problem. However, it transpired that the group were guilty of passing off fraudulent seafood themselves – exactly what they’d set out to combat.

However, blockchain technology could easily make such shady operations a thing of the past. Using supply chain management software and Internet of Things (IoT) sensors, it’s possible to monitor each stage of a fish’s transit. If one of these sensors was attached to a product at the point it was caught, its location, breed, and date of catch could be logged onto an immutable public blockchain.

This data would allow for seafood products to be checked for their legitimacy at each stage of the supply chain, ensuring that no one was ripped off along the way. This approach is much like the one piloted by the British Food Standards Agency (FSA) earlier this summer for beef production.

What’s more, such sensors could even log additional details such as temperature. This way the end consumer could be sure that their dinner had never been warm enough to allow harmful bacteria to form on its surface.

The likes of VeChain and HyperLedger are already experimenting with such supply chain management solutions. In fact, HyperLedger actually has a division that is dedicated to monitoring sustainable fishing. This department is called Sawtooth.

Thanks to such projects, it will soon be possible to identify every point of the supply chain that a product had been through. This would make it much more difficult for scam artists to pass off their line-caught, Scottish rainbow trout for anything but what it is.

Featured image from Shutterstock.

The post Can Blockchain Make Fraudulent Fisheries a Thing of the Past? appeared first on NewsBTC.

Africa and the Middle East: Crypto and Blockchain News Roundup, 27th July to 2nd August 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Africa Nigeria Public stake in Bitcoin drops: Amid to a price slump in recent week, the Nigerian market’s share dropped significantly …

The post Africa and the Middle East: Crypto and Blockchain News Roundup, 27th July to 2nd August 2018 appeared first on BitcoinNews.com.

Africa and the Middle East

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

Africa

Nigeria

Public stake in Bitcoin drops: Amid to a price slump in recent week, the Nigerian market’s share dropped significantly from NGN 1.733 billion to NGN 1.51 billion since the beginning of last month.

The drop in market share of Nigeria was due to a row of negative news and developments coming from the cryptocurrency circles in addition to the overall drop in price, according to an analyst at FXTM Lukman Otunuga. The maximum capitalization was back in December 2016 with NGN 2 billion invested in the cryptocurrency.

ICOs are becoming increasingly commonplace but investor confidence in them is taking serious hits. According to researchers, Hugo Benedetti and Leonard Kostovetsky:

“People often look at returns and say this is a great deal, but we teach in finance that return is a compensation for risk. These are stakes in platforms that have not yet been built, that have no participants yet. There’s a lot of risk. The majority of ICOs do fail.”

Zimbabwe

Zimbabwean exchange Golix’s token sale ends: Popular cryptocurrency exchange Golix announced that its token sale had ended and the numbers are finally coming in what seems to be an overall moderately successful public funding campaign.

Golix almost went out of business at one point due to regulatory hurdles but then it set its eyes on nearby countries and their markets and has been planning to expand aggressively ever since. The token generation event was a move to raise money through an ICO and help propel the exchange to markets outside the country.

However, the ambitious USD 32 million funding target was not met and Golix is yet to release official figures. But, analysts predict that the exchange raised around USD 10 to 12 million overall even though the central bank was against the raising of the capital by the exchange. It is yet to be seen if Golix can execute its plans to expand based on the performance of the ICO.

Middle East

Egypt

Egypt crypto coin launched: A new crypto token and ICO called Egypt CryptoCoin is launched in Egypt. It is a gold-backed decentralized payment network that is in its advanced stages of development. An ICO has been launched for the project but it is yet to be seen how practical and disruptive this new coin and its tech can be in the future.

One of the reasons why there is skepticism is that the Egyptian government and banks have historically cracked down on cryptocurrencies and declared cryptocurrencies illegal. The Egypt CryptoCoin is designed to be used by the vibrant Egyptian coin community but it is yet to be seen how the local government will react to it.

Israel

Largest cannabis market to accept cryptocurrencies: The largest cannabis market in Israel, Telegrass, has announced that it will start charging its customers for services with special discounts for Bitcoin payments.

Telegrass is a 100,000-strong community in Israel that promotes recreational use of marijuana. The new fees are meant to pay the Telegrass staff that have been working as volunteers until now. Bitcoin payments are discounted to encourage decentralized payment approach to an industry that is constantly under threat by the Israeli government regarding regulations.

United Arab Emirates

Blockchain court announced in Dubai: The Dubai International Financial Centre (DIFC) has announced a partnership to jointly develop a Court of Blockchain for improving the judicial system, according to local news outlet Arabian Business.

The partnership has been signed with Smart Dubai and together, the two organizations will see how the technology can be used to aid verification of court judgments and cross-border enforcement.

According to Dr Aisha Butti Bin Bushr, the Director General of Smart Dubai:

“An invention of this calibre and potential requires an equally disruptive set of rules and an empowered institution to uphold them. This is where our partnership with DIFC Courts comes in.”

UAE continues to be the center of excellence in the region in blockchain development and adoption.

 

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The post Africa and the Middle East: Crypto and Blockchain News Roundup, 27th July to 2nd August 2018 appeared first on BitcoinNews.com.

The biggest bitcoin news of the year, says Brian Kelly – CNBC


CNBC

The biggest bitcoin news of the year, says Brian Kelly
CNBC
The biggest bitcoin news of the year, says Brian Kelly. 5 Hours Ago. Is the bitcoin ETF closer than you think? With CNBC’s Michelle Caruso-Cabrera and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan. Watch CNBC Live TV …


CNBC

The biggest bitcoin news of the year, says Brian Kelly
CNBC
The biggest bitcoin news of the year, says Brian Kelly. 5 Hours Ago. Is the bitcoin ETF closer than you think? With CNBC's Michelle Caruso-Cabrera and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan. Watch CNBC Live TV ...

Intercontinental Exchange to Introduce Bakkt, a Crypto Payment System for Retailers

This November, cryptocurrency users will be introduced to Bakkt, a new company designed to give millions of retail merchants the chance to buy, sell and trade digital currencies — and even buy a cup of coffee. Th…

Intercontinental Exchange to Introduce Bakkt, a Crypto Payment System for Retailers

This November, cryptocurrency users will be introduced to Bakkt, a new company designed to give millions of retail merchants the chance to buy, sell and trade digital currencies — and even buy a cup of coffee. The company is being launched by Atlanta-based Intercontinental Exchange (ICE), the parent company to the New York Stock Exchange (NYSE) and a leading operator of clearinghouses, global exchanges, and data and listing services.

Bakkt CEO Kelly Loeffler explained, “Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility. We are collaborating to build an open platform that helps unlock the transformative potential of digital assets across global markets and commerce.”

ICE is also devising “a 1-day physically delivered Bitcoin contract along with physical warehousing,” according to the official press release. If the offering receives the approval of the U.S. Commodity Futures Trading Commission (CFTC), it will begin trading in November of this year.

Introduced in 2000, Intercontinental Exchange is a Fortune 500 company and Fortune Future 50 company. The venture was built to modernize markets and ease the risks and tensions associated with stocks and futures trading by managing the data houses and exchanges traders regularly utilize.

Jeffrey C. Sprecher, the founder, chairman and CEO of Intercontinental Exchange, believes that as cryptocurrencies venture deeper into mainstream territory, it is ICE’s job to ensure that consumers and merchants alike can use them safely — which has ultimately led to the creation of Bakkt.

“In bringing regulated, connected infrastructure together with institutional and consumer applications for digital assets, we aim to build confidence in the asset class on a global scale, consistent with our track record of bringing transparency and trust to previously unregulated markets,” he explained.

To ensure customer security, executives of Bakkt have announced that they are partnering with software giant Microsoft to implement the company’s cloud solutions. This will create a globally regulated and open marketplace for digital asset users. Thus far, Bakkt has garnered funding from venture funds and Wall Street players including Pantera Capital, Protocol Ventures, Galaxy Digital and Horizons Ventures.

One of the biggest retail merchants to sit at Bakkt’s table will be the Seattle-based coffee king Starbucks, which plans to utilize the company’s payment system so customers can purchase drinks, baked goods and merchandise with cryptocurrency.

In a statement, Maria Smith, the vice president of partnerships and payments for Starbucks, asserted, “As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into U.S. dollars for use at Starbucks. As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”

This article originally appeared on Bitcoin Magazine.

Coinbase Commerce Announces Addition of New Features, Faces Increasing Competition

Coinbase Commerce has announced the addition of new features and plugins being added to their platform in a recent announcement. The move to add new features comes as Coinbase Commerce is facing increased competition from their competitors. WooCommerce Plugin WooCommerce is the most popular eCommerce platform on the web with almost 50,000,000 downloads. The platform allows businesses

The post Coinbase Commerce Announces Addition of New Features, Faces Increasing Competition appeared first on NewsBTC.

Coinbase Commerce has announced the addition of new features and plugins being added to their platform in a recent announcement. The move to add new features comes as Coinbase Commerce is facing increased competition from their competitors.

WooCommerce Plugin

WooCommerce is the most popular eCommerce platform on the web with almost 50,000,000 downloads. The platform allows businesses to sell a variety of products through customizable solutions, making it one of the most efficient ways for small business to sell products, or for charities to accept donations.

Coinbase Commerce’s new plugin will allow online businesses built through WooCommerce to allow them to accept cryptocurrency payments through Coinbase with the click of a button. Coinbase Commerce is confident that the new plugin will aid in cryptocurrency adoption.

In an announcement, the exchange said:

“The widely-used plugin powers more than 28% of all online stores — and all of them now have access to cryptocurrency payments from customers around the world. This increased access will lead to more widespread adoption, and ultimately, moves us closer to our goal of an open financial system.”

Bitcoin and Litecoin Direct Withdrawals

Coinbase Commerce also added a new feature that gives businesses a greater amount of control over their cryptocurrency holdings.

For payments received in Bitcoin or Litecoin, businesses will now have the option of withdrawing the cryptocurrency by sending it to another wallet directly from Coinbase Commerce.  Before this advancement, users would either have the option of automatically selling the cryptocurrency or sending it to Coinbase to then transfer to another wallet.

The announcement said that the platform will soon enable similar functionality for Ethereum and Bitcoin Cash.

Increased Integration Accessibility

Coinbase Commerce also announced two new features that allows for smoother integration of their cryptocurrency payment solutions.

The platform will now feature a checkout button for users using a React application. They are also increasing the accessibility of their platform by adding a Python library for the Coinbase Commerce API. The company is also building libraries for Node.js, Ruby, and PHP.

Coinbase Commerce reminds prospective users that all payments made through their platform are peer-to-peer, saying:

“All payments made through Coinbase Commerce are truly peer-to-peer — when customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and processed on-chain by the respective blockchain. This means merchants never have to pay transaction fees to accept payments and always remain in complete control over their funds.”

Coinbase Commerce Faces Increased Competition

Coinbase Commerce’s upgrades to their platform come as they face growing competition from cryptocurrency payment processing giant Bitpay.

Sonny Singh, Bitpay’s Chief Operating Officer, recently attested to the growing use of Bitcoin as a means of payment, saying that “bitcoin is being used all around the world for things other than speculation and trading.”

Singh notably claimed that Bitpay did over $1.2 billion dollars last year in payments using Bitcoin, proving that Coinbase Merchant is facing fierce competition from Bitpay. Singh attributed the lack of widespread cryptocurrency adoption to a lack of knowledge, stating:

“In America, everyone’s so used to credit cards or goes online and types credit card numbers. But it’s safer and easier to do this through QR code because you don’t have to give your credit card numbers…The merchants save money in America by paying with bitcoin, because they pay 1% of the transaction fee, but with credit cards, that’s 4%. So, the merchants can make a lot of money if you are paying with bitcoin. But yet they don’t understand it, they have to be educated about it. And the consumers have to get the habit of spending with bitcoin. For them, it’s better and quicker than credit cards, and better for privacy.”

The increase in the simplicity and practicality of cryptocurrency payment platforms like Bitpay and Coinbase Commerce is sure to aid in the mass implementation of cryptocurrency payment options.  The use of Coinbase Commerce on large website platforms like WooCommerce will also lead more businesses to consider accepting cryptocurrencies as a form of payment, further legitimizing their practicality and ensuring increased adoption.

Featured image from Shutterstock.

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Bitcoin Googled More Than Taylor Swift, Stock Market, Donald Trump

Whether Bitcoin is celebrated by everybody or not, one thing is for sure: people can not stop talking about it. Between August 2017 and today, the number of times Bitcoin was Googled surpassed both pop icon Taylor Swift, and even the stock market. In December 2017, when the value of Bitcoin reached nearly USD 20,000, …

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Whether Bitcoin is celebrated by everybody or not, one thing is for sure: people can not stop talking about it. Between August 2017 and today, the number of times Bitcoin was Googled surpassed both pop icon Taylor Swift, and even the stock market.

In December 2017, when the value of Bitcoin reached nearly USD 20,000, it was searched for up to 25% more times than US President Donald Trump. Not to forget this was the month that Trump announced Jerusalem as the official capital of Israel, the Senate passed his significant tax reform legislation, and he sent out a series of Tweets condemning his own Federal Bureau of Investigation.

Tickets for Swift’s 2018 stadium tour went on sale on 13 December, but Bitcoin was pulling in around 70% more Google traffic than the pop star.

Interestingly, when the stock market experiences a slump, the number of times it is Googled increases, whereas Bitcoin sees an increase when there is a bull market. This perhaps indicates it is the younger generation losing interest in crypto when there does not appear to be big gains to be had, whereas the older generation that is more heavily invested in stocks for the long-term keeps a closer eye on their investments when they appear to be depreciating.

As well as this, for the majority of people consuming just mainstream media, the extremities of the market are only covered; while it may not be so intriguing to investigate what is being portrayed as a failing market on the verge of collapse, a 10% investment increase in 24 hours is far more interesting.

What can we take from this data?

While Bitcoin simply being Googled more times doesn’t provide any steadfast data regarding its popularity or give us any indication of a change in market price, there is no denying that the concept has entered and intrigued the general population. And that counts for a lot.

What the trends indicate is that there is still a ways to go in turning around the conversation to keep people confident in the market despite the inevitable downward trends.

Just keep in mind, last year Bitcoin was googled more than the US president for around a month. That is progress right there.

 

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Breeze Wallet with Breeze Privacy Protocol Mainnet Now Available for Download

The Breeze Wallet with the Breeze Privacy Protocol public mainnet has been released and is now open to the public. The wallet showcases Stratis technology — a platform built for visual basic apps and blockchain s…

Breeze Wallet with Breeze Privacy Protocol Mainnet Now Available for Download

The Breeze Wallet with the Breeze Privacy Protocol public mainnet has been released and is now open to the public. The wallet showcases Stratis technology — a platform built for visual basic apps and blockchain solutions — and places heavy emphasis on both privacy and security for businesses seeking to implement business-to-business (B2B) transactions on the Stratis and Bitcoin blockchain networks.

The Breeze Wallet was first scheduled for release in mid-2017. Designed as a bitcoin wallet for desktops, the application would come with TumbleBit — a promising privacy advancement built on top of Bitcoin — and give customers the opportunity to mix their coins without the need to trust one another or the receiving wallets.

Speaking with Bitcoin Magazine last year, Stratis Founder and CEO Chris Trew explained, “We are integrating TumbleBit because it’s a trustless and secure solution that works with Bitcoin without any forks.”

Based in the U.K., Stratis is a startup that offers end-to-end solutions for development, testing and deployment of blockchain applications. Aside from maintaining its own blockchain, Stratis also boasts a native token, the Stratis token, and builds tools for existing blockchains like Ethereum and Bitcoin.

Developers claim the wallet boasts a user-friendly interface, along with what they dub the Masternode Client Discovery protocol, in which the Bitcoin or Stratis blockchain is used to discover, validate and connect to a Stratis Masternode. The process is decentralized and occurs through a trustless environment that is less vulnerable to network disruption.

Users employing the wallet can “obfuscate” transactions, meaning they can render them obscure or unintelligible. This primarily works for ventures or individuals seeking to conduct on-chain business while preventing that business from being viewed by the public. If a company receives regular payments from customers or makes payments to a supplier, this would be deemed commercially sensitive information and would thus be shielded.

Companies can also utilize the wallet to connect to a Stratis Masternode, thereby giving their transactions added protection across both the Bitcoin and Stratis networks. This is primarily done through TumbleBit, which provides anonymity by allowing several people to utilize the same payment channels. The channels are then protected with cryptographic puzzles that prevent any non-users from gaining access to the information they present.

The Breeze Wallet is compatible with Windows 64-bit and 32-bit, along with Mac OS X and Ubuntu. Respective wallet download links are available here.

At press time, Stratis had not responded to Bitcoin Magazine’s request for comment.

This article originally appeared on Bitcoin Magazine.

Mt. Gox Creditors Release Update of Civil Rehabilitation Plan

Creditors of Mt. Gox, the defunct bitcoin exchange, have announced an update to the civil rehabilitation plan agreed upon with the platform, according to a statement published on the group’s website.  The updated…

Mt. Gox Creditors Release Update of Civil Rehabilitation Plan

Creditors of Mt. Gox, the defunct bitcoin exchange, have announced an update to the civil rehabilitation plan agreed upon with the platform, according to a statement published on the group’s website.  

The updated terms are said to be in line with the latest court position in the ongoing legal proceedings, including a confirmation that compensation must be paid to victims in bitcoin and bitcoin cash.

Background

Between 2011 and 2014, Mt. Gox is estimated to have lost over 850,000 BTC, worth approximately $460 million at 2014 prices. Based in the upmarket Tokyo district of Shibuya, Mt. Gox was once the undisputed king of cryptocurrency exchanges, at one point controlling as much as 70 percent of the global bitcoin exchange market. By the middle of 2013, however, the platform had run into trouble, and, despite all assurances to the contrary, the company closed abruptly in February 2014, ceasing all trading and exchange operations, closing down its website and filing for bankruptcy protection under Japanese law.

Former CEO Mark Karpelès was arrested, and a civil rehabilitation plan was agreed to serve as a framework for ensuring creditors get their money back.

New Conditions

A few notable changes to the initial terms have been made, mostly concerning method and priority of payments to creditors. According to the updated terms, Mt. Gox shareholders are ranked behind its creditors regarding payment priority.

The statement reads:

“No distribution will be made to shareholders. Mt. Gox is not capable of returning all BTC deposited by creditors. Accordingly, we consider that all assets of Mt. Gox should be distributed to creditors and not to shareholders.”

Furthermore, disbursements will be made in bitcoin and bitcoin cash for ease of payment and to avoid the acceptance issues faced on many exchanges by several altcoins.

The update also stipulates that payments would be made after the approval and confirmation of the rehabilitation plan.

“Creditors have been waiting for payment to be made for as long as four years since Mt. Gox was bankrupted. Payment to creditors should be made as soon as possible. We are of the opinion that most of the assets, including approximately 166,000 BTC and 168,000 of BCH and other derivatives currently held by Mt. Gox, should be paid to creditors at the time of the first payment.”

Finally, the update states that Mt. Gox will find a way to give creditors access to their trading records, which it describes as “indispensable for the approval or disapproval of the civil rehabilitation plan.”

This article originally appeared on Bitcoin Magazine.