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Crypto exchange and wallet service Coinbase has acquired a decentralized identity startup to develop an identity verification and validation system
Crypto exchange and wallet service Coinbase has acquired a decentralized identity startup to develop an identity verification and validation system
Canadian financial firm BMO Capital Markets is working with the Ontario Teachers’ Pension Plan on a new blockchain pilot.
Canadian financial firm BMO Capital Markets is working with the Ontario Teachers’ Pension Plan on a new blockchain pilot.
As pitched, Bitcoin Cash is the new Ethereum all thanks to the Wormhole protocol which will make smart contracting and asset tokenization a possibility. Now, could this fact alone be the reason why BCH is up 10 percent in the last day? Or are BCH on a path towards recovery because of the market wide…
The post Bitcoin Cash (BCH) Technical Analysis: Wormhole Protocol and Smart Contracting BCH Bulls appeared first on NewsBTC.
As pitched, Bitcoin Cash is the new Ethereum all thanks to the Wormhole protocol which will make smart contracting and asset tokenization a possibility. Now, could this fact alone be the reason why BCH is up 10 percent in the last day? Or are BCH on a path towards recovery because of the market wide rejection of lower lows. Let’s wait and see if there is support behind these Bitcoin Cash buys.
Are developers of Bitcoin Cash, the fourth largest coin in the world taking advantage of Ethereum’s vulnerabilities to forward the benefits of the BCH network? It looks like so going be recent developments. Of course talk of smart contract capabilities were thrashed by Bitcoin core because of Sybil attack fears but Roger Ver want to change that perception and prove them wrong.
With wormhole protocol, the network might be some few steps away from making smart contracting at the BCH network a possibility. Initially the idea came from Bitmain, the Chinese ASIC monopolist who are also planning to raise funds and expand. We also got to learn that the ASIC manufacturer owns more than 1.2 million BCH and more coins that Satoshi Nakamoto.
What will make Bitcoin Cash and wormhole protocol an on demand platform for tokenization is the ease of listings at exchanges where Bitcoin Cash are available for trade. Further supporting Bitcoin Cash is the never ending problems at Ethereum gifting Roger Ver and Bitmain an edge to pitch their platform. Remember, of late there has been a listing problem due to an irrecoverable bug at Ethereum and as they plan to move from ERC20 to ERC777 standards odds are BCH might eclipse them and claw part of their market share. After all, Ethereum is a monopoly in the smart contract niche.
Of course and as expected, most are jumping ship thinking that the bottoms are near or even found. On our part though, it will take a lot of convincing especially from a technical point of view. Yes, there is reversal and in fact on a weekly basis, BCH prices are up printing an acceptable 10 percent loss. But, while this is welcomed, sellers appear to be in charge.
For buyers to reverse these losses and cement their position or even build up enough momentum as they spring back to $850 and $1,000, we must see meaningful gains above last week’s highs at $730 or there about.
In that case, technical formation demands BCH prices to close above $600 our previous support and sell trigger line. Before any of that happens, we shall take a neutral approach and keep our bear trade plan intact.
To reiterate, Bitcoin Cash remains a sell and from the daily chart, we shall consider any reversal a retest of main resistance and break out level at $600.
Though BCH might edge higher today in line with the general sentiment across the market, we suggest keeping our last BCH trade plan intact and even moving stops to break even.
This is because like any retest we expect sellers to resume their trend right at $600 and with every high volume lower low rejecting close above our resistance line, traders should execute shorts with first targets at yesterday’s lows at $470 and later $300 as laid out before.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision
The post Bitcoin Cash (BCH) Technical Analysis: Wormhole Protocol and Smart Contracting BCH Bulls appeared first on NewsBTC.
A Ripple executive said that the company is looking to target the Chinese market to speed up international payments with its distributed ledger technology
A Ripple executive said that the company is looking to target the Chinese market to speed up international payments with its distributed ledger technology
Ethereum World News (blog)Are The Bitcoin Bulls Back? Brian Kelly Weighs InEthereum World News (blog)As reported by Ethereum World News, the cryptocurrency market has been on a surprising tear over the past 24 hours, with a majority of assets posting g…
Ethereum World News (blog) | Are The Bitcoin Bulls Back? Brian Kelly Weighs In Ethereum World News (blog) As reported by Ethereum World News, the cryptocurrency market has been on a surprising tear over the past 24 hours, with a majority of assets posting gains of upwards of 6-7%. At the time of writing, Bitcoin stands at $6,400 after a brief step over the ... |
Coinbase CEO Brian Armstrong said the exchange was signing up 50,000 users a day last year, while real-world adoption is increasing
Coinbase CEO Brian Armstrong said the exchange was signing up 50,000 users a day last year, while real-world adoption is increasing
On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies. […]
The post Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip appeared first on Bitcoin News.
On Wednesday, August 15, blockchain firm and mining organization Coingeek, led by entrepreneur Calvin Ayre, announced that the company has signed a deal with Canada-based Squire Mining Limited. Coingeek details the company will have exclusive rights to Squire’s new ASIC chips and mining rigs that mine bitcoin cash (BCH) and a variety of other cryptocurrencies.
Also read: Bitcoin Cash Acceptance Grows — Dish Network and Flow Partner With Bitpay
News.Bitcoin.com recently reported on Squire Mining Limited (CSE: SQR) securing $25,500,000 CAD (~$19.5 million USD) in private placement financing and its exclusive distributor agreement. According to the company, Squire plans on using the funds to deploy a next-generation 10nm application-specific integrated circuit (ASIC) and mining rig. Following this announcement, Coingeek revealed the company has entered into a partnership with Squire. The deal will allow Coingeek the right to market, promote, solicit, and sell the new ASIC semiconductors and mining rigs using the Coingeek logo and brand.
“This next generation equipment is being designed with a projected hashrate that is expected to be significantly faster while utilizing less power than the leading crypto-mining equipment currently available on the market today,” Coingeek explains.
Moreover, Squire has also entered into an exclusive distributor agreement with associates of Bitcoin BCH’s largest mining company, Coingeek.com, which will be granted the exclusive right to market, promote, solicit, sell and distribute Squire’s new ASIC chips and mining rigs to Bitcoin BCH and other altcoin miners throughout the world.
According to Squire, the next-generation 10nm chips will be developed by well-known semiconductor and system architect Peter Kim. Squire signed a letter of intent with Kim on March 14 which includes the creation and commercialization of next-generation 10nm ASIC chips.
Coingeek plans to showcase the new mining hardware this November during the company’s next conference in London. The firm details that initial sales will be geared towards BCH miners because bitcoin cash has incredible utility as digital money that scales and allows applications that use microtransactions to thrive.
“We will have a booth at the Coingeek.com Week Conference during the last week of November,” Coingeek notes.
All enterprise level miners are invited to come to this event to meet with us and discuss how this product can improve your business.
What do you think about Coingeek partnering with Squire in order to produce next-generation ASIC chips? Let us know your thoughts on this subject in the comments section below.
Images via Shutterstock, Coingeek, and Pixabay.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up 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 Squire Partnership Gives Coingeek Exclusive Rights to 10nm ASIC Chip appeared first on Bitcoin News.
For the first time in more than n days, the top 10 is green and printing double digits right at main support lines. Of course, in the last days, support lines were melting but gains at Litecoin, IOTA, Tron and EOS are steeling coin supporters. In the top 10 though, Litecoin stands out and not…
The post Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoin Adds 10%, Bottoms Hopium? appeared first on NewsBTC.
For the first time in more than n days, the top 10 is green and printing double digits right at main support lines. Of course, in the last days, support lines were melting but gains at Litecoin, IOTA, Tron and EOS are steeling coin supporters. In the top 10 though, Litecoin stands out and not only do we have a high volume double bar bull rejection of lower low but those nice trading volumes cements our bullish view.
Let’s have a look at these charts:
EOSIO 1.2 Release https://t.co/vGLkdTIfYe
— EOS (@EOS_io) August 15, 2018
All in all, there is a reprieve for EOS coin hodlers and that 12 percent gain is a morale booster for coin holders. In the chart, we have this nice three bar reversal pattern with that pin bar of June 14 capping buyers.
Accompanying this revival in price are high trading volumes and should there be a confirmation today, then I suggest exiting shorts and watching price action.
However, while it may seem perfect to recommend longs, the trend is overwhelmingly bearish making it counterproductive suggest otherwise.
The only time we would be confident with our longs is when prices edge above Aug 10 highs at $6. Thereafter, we shall take longs with stops at $5 and first targets at $9, the upper limit of the recent consolidation.
Interestingly, Litecoin prices are up 13 percent and with that abnormal price expansion—considering the deep liquidity of the seventh most liquid coin, we might see a reversal from the dredges.
First, notice that we now have a double bar bullish reversal pattern forming right from Q4 2017 lows as highlighted from our previous Litecoin analysis. Then secondly, not only did Aug 14 bear close as a pin bar with long lower wicks signaling high buy pressure but the past two candlesticks had high trading volumes meaning there is support for Charlie Lee, Litecoin Foundation and hodlers in general.
It’s the confluence of these technicals that I recommend buying Litecoin at spot price with stops at yesterday’s lows at $50. Immediate resistance at $70 should be our first bull target breathing life to traders.
No doubt, Stellar Lumens is amongst the top performer in the top 10. Jed Mac Caleb backed coin is now the fifth largest coin in the world and has been efficient in rejecting bears.
In fact, checking the past six candlesticks, XLM prices have been in a tight consolidation at the back of high volumes along 22 cents with the double bar bullish reversal pattern off 2018 lows at Aug 8 and 9 capping losses.
Nonetheless, since our trading conditions are yet to be met in line with our previous Stellar Lumens (XLM) trade plan, we shall retain a neutral approach now that our stops were hit yesterday.
#TRON will be listed on @bitbox_official, a global crypto exchange by @LINE_Global that provides a trusted platform for traders to buy and sell leading, liquid digital currencies. BITBOX emphasizes user-experience and comprehensive support. #TRX $TRX pic.twitter.com/vezRFs7Ci3
— Justin Sun (@justinsuntron) August 15, 2018
Like the rest of the coins under our focus, Tron is back in the green printing 15 percent in the last day as injection of momentum helps oil buyers who had been sidelined for a while now.
From the chart, buyers stand a chance of reversing recent losses but before we suggest buying and trading against the current, we need to see high volume thrusts above Aug 13 highs of 2.2 cents.
Ideally what we would technically want to see are high volumes in the 25m to 30m region to steady TRX prices.
Despite these encouraging gains right at around second bear targets at 30 cents, we are yet to declare IOTA buys. IOTA prices are up 10 percent in the last day but like TRX’s price action, prices are still confined by Aug 13 high lows and so, until we see strong gains above 55 cents, we shall remain neutral with a bearish leaning as stated in our yesterday’s IOTA trade plan.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoin Adds 10%, Bottoms Hopium? appeared first on NewsBTC.
Hungary is reported to working on a framework to regulate cryptocurrency trading through a joint workgroup set up for this purpose. The county is currently far from being a crypto haven with steep taxation and a lack of recognition by the country’s ministry of finance and banking system. Despite this stance, the country, like a …
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Hungary is reported to working on a framework to regulate cryptocurrency trading through a joint workgroup set up for this purpose.
The county is currently far from being a crypto haven with steep taxation and a lack of recognition by the country’s ministry of finance and banking system. Despite this stance, the country, like a few others, dabbled with a state cryptocurrency in February due for its Swiss ICO back in March.
The blockchain-based cryptocurrency, the Korona, introduced by the Korona development team and led by Jean-Marc Stiegemeier, a former Wall Street financial adviser, seems to have disappeared from the media as a whole. It appears that this new state crypto didn’t quite make the 26 March deadline due the ICO raising insufficient funds. The most recent position regarding crypto in Hungary is clarified by this recent ministry statement:
“Hungary is currently looking into regulating crypto instruments, and the central bank, the tax authority, the finance ministry and other authorities have set up a joint workgroup to evaluate legal, economic, law enforcement, money laundering and other aspects of cryptocurrencies with an eye to introducing more detailed regulation.”
Taxation of cryptocurrency in Hungary at 15% is in line with many other countries such as France, who recently revised its rates, with a reduced rate if trading is carried out as part of a business venture, in which case it drops to 9% as corporate income tax.
Hungary has rigid tax laws and because of this nationals latch on to various schemes to get around taxation requirements such as investment schemes which reportedly also carry tax burdens and legal risks. As regards cryptocurrency, there is no tax on gifts or loans so working these into cryptocurrency transactions is reportedly an option for investors.
INLOCK describes itself as a protocol enabling cryptocurrency holders to use their digital assets as collateral for a fiat loan in a safe and regulated environment. Company CEO Csaba Csabai, explains:
“According to current law in Hungary, as a consequence of selling or exchanging cryptocurrencies is considered a taxable event… However, using these digital assets as collateral for a loan to finance a temporary liquidity problem is not. The platform we are building is working towards this concept enabling cryptocurrency holders to access the purchasing power of their holdings without being punished by the extremely high tax rates.”
It remains to be seen if the new workgroup is able to smooth the way for investors and traders in the months to come.
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TheStreet.com |
Anxious Bitcoin Investors Wonder if This Is Finally the Bottom
TheStreet.com After last year’s steep ride upward, Bitcoin veterans have since been trying to determine where the bottom could possibly be. This is the universal question posted on forums and social networks across the internet, with everyone from day-traders to … Bitcoin Price recovers Amidst $15 Billion Cryptocurrency Market BounceEthereum World News (blog) Bitcoin’s value will come in time, even if investors are spooked now, crypto advocate saysCNBC Global Charts | CoinMarketCapCoinMarketCap |
TheStreet.com | Anxious Bitcoin Investors Wonder if This Is Finally the Bottom TheStreet.com After last year's steep ride upward, Bitcoin veterans have since been trying to determine where the bottom could possibly be. This is the universal question posted on forums and social networks across the internet, with everyone from day-traders to ... Bitcoin Price recovers Amidst $15 Billion Cryptocurrency Market Bounce Bitcoin's value will come in time, even if investors are spooked now, crypto advocate says Global Charts | CoinMarketCap |
The “Yelp! Of Blockchain” has announced that its ICO date will be on Sept. 1st, 2018 BELGRADE, SERBIA (Aug. 15th, 2018) – Review.Network is a blockchain startup which aims to improve the way reviewing and market research is done. Today, the company made the announcement that it succeeded in receiving a consistent funding of $1.4 […]
The “Yelp! Of Blockchain” has announced that its ICO date will be on Sept. 1st, 2018
BELGRADE, SERBIA (Aug. 15th, 2018) – Review.Network is a blockchain startup which aims to improve the way reviewing and market research is done. Today, the company made the announcement that it succeeded in receiving a consistent funding of $1.4 million (USD) from seed investors. The funds, which were provided in part by private investors, will be allocated to paying further distributed to finance the team and the further developments needed for the platform.
Also referred to as the “Yelp! Of Blockchain,” the platform has gathered 100,000 beta users and is supported by a team of experts in fields such as IT, academia and financing. The company also revealed to the public that it will start the Initial Coin Offering (ICO) on the date of Sept. 1st, 2018.
“Worldwide, consumers often form opinions and make decisions — like where to eat, sleep, drink, play and even work — based on online reviews,” noted Review Network CEO and Co-Founder, Filip Karaicic.
The CEO also emphasizes that the current issues which the review industry is facing today are efficacy and transparency. According to reports and data, it has been concluded that customers are more likely to review a product or service when there was a negative experience, signifying that there is a lack of an accurate depiction of all experiences. This situation is not helped by the fact that there are also many who give fake reviews.
But Karaicic believes that by employing a distributed ledger and AI [artificial intelligence]technologies, he and his team have found a way through which they can incentivize reviews and ensure their truthfulness.
“We also figured out a way to allow brands to tap into our validated reviewer base for market research. This funding, which we’re thrilled to announce, validates our approach and will help us develop this event even faster,” said Karaicic.
The whitepaper of the Review.Network project thoroughly explains that their platform was created to increase the effectiveness and transparency of the reviewing industry by implementing two strategies. Firstly, a well-planned token economics structure will give out monetary incentives to those that make contributions that will beneficially aid the community and reprimands those who do the contrary.
Secondly, the platform will use a decentralized consensus system which allows the community to regulate itself. This way, when a review is written by a user, it will then be verified and validated by appointed community members (the members can be chosen at random, by blind auction, by reputation or by the amount of stake they have in the system).
The network will also offer companies a direct way through which they can communicate with users that review their products and services, in this way ensuring unbiased and accurate market research. The platform, which will have appliances in various industries (restaurants, hotels, etc.) will be first released in Beta mode in Q4 of 2018. In its Beta version phase, the platform will be available to 100,000 users.
Review.Network employs a team of experts which is made up of 30 qualified individuals, including Robert Golladay- former head of digital business automation business at IBM in Europe; Reinhard Fellmann, Ph.D.- a former investment banker at Morgan Stanley and London School of Economics and Political Science lecturer; and Ivan Bjelajac- a former GoDaddy Director (EU).
While momentarily still in its presale phase, the company established the official ICO date on Sept. 1st, 2018. The company is also discussing with major exchanges in the crypto sphere for future listings. The list includes the following platforms: Bitfinex, Bittrex, Bibox, Bcex, Cryptopia, OKEx, Huobi, Kraken, Poloniex, and hitBTC.
Review.Network serves as a platform which facilitates the direct interaction between companies and consumers, thus changing how companies conduct their market research strategies.
Rewards will be given to a very segmented and targeted user community to incentivize them to reply to surveys and review products and services. This reward system will be responsible for producing a social network with gives valuable responses and supply companies with impartial and valuable data on their main demographic.
Contact E-mail Address: [email protected]
Media Contacts and Communities:
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.
Following the event’s groundbreaking success in 2017, Blockchain Life 2018 is all set to make a comeback to Russian and Eastern Europe’s leading venue Expoforum in St. Petersburg. Scheduled to be held on November 7-8, this year’s forum is expected to bring together over 5000 participants from more than 70 countries across the globe. One […]
Following the event’s groundbreaking success in 2017, Blockchain Life 2018 is all set to make a comeback to Russian and Eastern Europe’s leading venue Expoforum in St. Petersburg. Scheduled to be held on November 7-8, this year’s forum is expected to bring together over 5000 participants from more than 70 countries across the globe. One of the world’s largest international forums on blockchain and cryptocurrency, Blockchain Life has just announced its return to the St. Petersburg for the Blockchain Life 2018 to be held in the renowned Expoforum on November 7-8. It may be recalled that the Blockchain Life 2017 conference was the biggest event of the year in Eastern Europe on blockchain and cryptocurrency.
The purpose of the Blockchain Life forum is to unite the crypto community and attract more professionals to the industry. One of the most important characteristic features of this event is the complete absence of advertising reports. All speeches and presentations delivered at the forum are focused on discussing the ways to earn money on cryptocurrencies and blockchain technology.
Blockchain Life 2018 organizers are expecting no less than five thousand plus attendees from over seventy countries, including crypto traders, ICO project owners, private investors, developers, global exchange owners and operators, and blockchain experts. The two-day event is an opportunity not to be missed by everyone interested in earning and investing in cryptocurrencies and blockchain projects.
More than eighty noted business leaders and innovators will be present at the Blockchain Life 2018 conference as speakers. Some of the most distinguished names in this high-profile line-up include Sergei Khitrov (Listing.Help, Icotop.io), Wu Xing (Huobi Exchange), Phillip Nunn (ICO advisor), Nikolai Shkilev (ICO advisor), Stefano Virgilli (ICO advisor), Khachatur Ghukasyan (Swiss Blockchain Foundation), and many other leading international industry professionals. Most of the discussions will cover the most relevant topics related to cryptocurrencies, blockchain, mining, and ICOs.
During Blockchain Life 2018, for the first time in the forum, leading companies of the industry will compete for the title of the best in its segment within the global annual award Blockchain Life Awards 2018.
Blockchain Life 2018 will be held in Expoforum, one of the most sought after event venues in Europe. The venue offers a huge exhibition area of over three thousand square meters, more than one hundred exhibition booths, and a special pitch section for the ICO startups.
“In 2017, we were the first to hold a large-scale educational conference and exhibition of industry projects, bringing together more than 1,700 people. All tickets were sold out almost a month before the conference”, Sergei Khitrov says. “In 2018, we expect more than 5,000 participants”. Buy your ticket now for the biggest event in the field of blockchain in Europe.
Tickets for the Blockchain Life 2018 conference are currently up for sale in four different categories, starting from 499 rubles or 0.0012 btc. Participants of our forum can also book accommodation in nearby hotels with a discount up to 30%.
To buy tickets for the largest blockchain industry event in Russia and Eastern Europe, please visit https://blockchain-life.com/en/
A little about Blockchain Life 2018: Blockchain Life 2018 is the largest event in the industry of blockchain, cryptocurrency, mining, and ICO in Russia and Eastern Europe and one of the biggest in the world. The event will be held in Expoforum, the best venue of Russia. Blockchain Life 2018 will bring together over five thousand participants, including the largest investors, entrepreneurs, owners of ICO projects and individuals interested in earning by investing in crypto projects.
Contact: Sofia
Email: [email protected]
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.
Mobile payment company Square is expanding its bitcoin trading support to all 50 states through its Cash App. This means that residents in all corners of the U.S. can utilize the platform to purchase and sell the…
Mobile payment company Square is expanding its bitcoin trading support to all 50 states through its Cash App. This means that residents in all corners of the U.S. can utilize the platform to purchase and sell the digital currency.
The company was co-founded in 2009 by tech entrepreneur Jack Dorsey, who also heads Twitter. Last March, Dorsey was quoted as saying that bitcoin will likely serve as the world’s “single currency” in roughly 10 years.
Square’s announcement is particularly intriguing in that most bitcoin- or crypto-trading apps do not offer their services in every state. Robinhood, for example, only offers bitcoin and ether trading in 19 states including Arizona, California, Florida, Utah, Mississippi and Indiana, while other apps, such as Coinmama and CEX.io, are available in 23 and 24 states respectively. Entities like itBit — which also holds a New York–issued BitLicense — operate in every state except Texas.
Square originally launched bitcoin-trading capabilities on its app in November 2017 to only a handful of users. In January of this year, the company expanded the app’s trading services to virtually every state except Wyoming, Georgia, Hawaii and New York due to restrictions that placed limits on cryptocurrency transactions. In June, the company acquired a BitLicense to operate in the Big Apple and later announced that it had more than doubled its crypto-based income between quarters one and two from $34 million to $70 million.
“We are thrilled to now provide New Yorkers with Cash App’s quick and simple way to buy and sell bitcoin. Square and the New York State DFS share a vision of empowering people with greater access to the financial system and today’s news is an important step in realizing that goal,” stated Brian Grassadonia, head of Square’s Cash App, yesterday regarding the venture’s new relationship with New York.
Cash App downloads have grown three times faster than its competitors and later surpassed the company’s figures for the first time. The app now boasts an impressive 33.5 million users — about 3 million more than Venmo. It is also expected to top $100 million in sales by the year 2020.
This article originally appeared on Bitcoin Magazine.
Three days ago a new freelancer’s marketplace was launched called Fivebucks.com, a platform that allows people to purchase and sell services for only $5. The new website has seen an influx of listings since it launched and all the payments, both inbound and outbound, utilize the peer-to-peer cryptocurrency bitcoin cash. Also read: Report: 15,000 Twitter […]
The post Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash appeared first on Bitcoin News.
Three days ago a new freelancer’s marketplace was launched called Fivebucks.com, a platform that allows people to purchase and sell services for only $5. The new website has seen an influx of listings since it launched and all the payments, both inbound and outbound, utilize the peer-to-peer cryptocurrency bitcoin cash.
Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots
This week a new freelancer’s marketplace has launched that allows people to list and complete a wide array of services for only five bucks. All a user has to do is register with a valid email and they can either add a listing or peruse through the eight categories of services offered on Fivebucks.com. The eight sections of listings include tech, fun & lifestyle, business, digital marketing, graphics and design, writing and translation, video & animation, music & audio, programming.
The creators of Fivebucks explain the charity @eatbch inspired them to launch a platform that bolsters the gig economy with just a small fraction of bitcoin cash (BCH). “Thanks to bitcoin cash, anyone with an internet connection can get paid for their work directly without intermediaries and regardless of where they are from,” explain the Fivebucks founders.
All payments and seller payouts are done in bitcoin cash — Sellers can withdraw their earnings in bitcoin cash in one click.
At the moment, Fivebucks has 85 active listings, and 166 sellers within the marketplace. News.Bitcoin.com spoke with the co-founder of Fivebucks.com and he explained why the website was created and more importantly why the team chose to utilize BCH payments for marketplace services.
“[We started Fivebucks.com] to create something that is competitive, offers value and fosters BCH adoption — The site, in my opinion, generates incentives both for sellers and buyers to start using bitcoin cash — I like to think of Fivebucks as an adoption engine,” the co-founder of Fivebucks.com details. “On one hand it incentivises business owners in first world countries (but not only) to learn how to use bitcoin cash so they can save money and outsource small tasks for cheap.”
At the same time, it incentivises freelancers (from poor countries but not only) to learn how to use bitcoin cash because there will always be demand for $5 listings. [We decided to use bitcoin cash] because it is the only major crypto that is reliable as digital peer-to-peer cash.
Right now you can buy an assortment of interesting services for only five dollars in BCH per service which includes getting a cartoon portrait drawn, debugging python script, tarot reading, vector graphics, and even someone who will say anything you want on video for only five bucks. The creators of the freelancer’s marketplace also have published a walkthrough on the social media platform Yours.org called “Advice for Sellers” which gives a rundown of ways people can improve their chances of selling on the platform.
What do you think about the marketplace Fivebucks.com? Let us know what you think about this subject in the comment section below.
Images via Shutterstock and Fivebucks.com
Be sure to check out the podcast, Blockchain 2025; latest episode here.
The post Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash appeared first on Bitcoin News.
A U.S.-based cryptocurrency investor and entrepreneur has filed a multi-million-dollar lawsuit against telecommunications firm AT&T. Michael Terpin believes that he became the victim of a theft in which a large amount of digital currency was taken from him due to the company’s negligence. Terpin Believes He Was the Victim of a SIM Swap Fraud Michael…
The post US Investor Files Lawsuit Against AT&T Over Cryptocurrency Theft appeared first on NewsBTC.
A U.S.-based cryptocurrency investor and entrepreneur has filed a multi-million-dollar lawsuit against telecommunications firm AT&T.
Michael Terpin believes that he became the victim of a theft in which a large amount of digital currency was taken from him due to the company’s negligence.
Michael Terpin has brought legal action against the U.S. telecommunications provider AT&T. The investor and early cryptocurrency advocate filed a 69-page complaint with the U.S. District Court in Los Angeles.
During the document, Terpin claims that a large number of digital coins and tokens were stolen from him on January 7, 2018. It goes on to state that AT&T are guilty of gross negligence and fraud, which resulted in the loss of a substantial amount of cryptocurrency.
According to Reuters, AT&T responded via email to the complaint by stating:
“We dispute these allegations and look forward to presenting our case in court.”
The filing claims that Terpin was the victim of a SIM swap fraud that was made possible by the negligence of AT&T. Such a scam involves fraudsters convincing a mobile phone provider to switch a user’s phone number to another SIM card which is under their control. Scammers can then use the number to reset login information for various accounts, allowing them to access them.
Michael Terpin is the co-founder of BitAngels – an early angel group for Bitcoin investors. He also helped to set up the first digital currency fund, the BitAngels/Dapps fund in 2014. Today, Terpin is one of the Alphabit Fund’s top advisers.
According to the court documents, a total of three million digital tokens were taken from Terpin. Back in January, these were worth around $23.8 million collectively. The filing also states that Terpin is seeking an additional $200 million in punitive damages.
Whatever the outcome of Terpin’s court case, it illustrates the dangers of keeping large amounts of digital assets anywhere but in properly secured cold storage.
The precise details of the storage of Terpin’s tokens are not currently known. However, any solution which could be comprised by SIM swap fraud is evidently not secure enough. Terpin’s missing funds join the other $1.2 billion plus of cryptos stolen from poorly secured storage solutions since 2017.
The case also highlighted a need for adequate custody services in the cryptocurrency industry. This is seen by many as one of the most important steps to opening cryptocurrencies to a wider group of investors.
Many do not have the technical knowledge required to set up totally secure paper wallets. Others simply shirk the responsibility of being the sole participant responsible for the safety of their digital wealth.
The industry is responding, however. Already this year, NewsBTC has reported on efforts by Circle, Coinbase, and Blockchain to facilitate secure storage for large net-worth individuals and institutions.
Featured image from Shutterstock.
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