Mastodon

Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off – Bitcoinist


Bitcoinist

Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off
Bitcoinist
Roubini placed a strong emphasis on the tension between institutions and regulations. Vays went on to compare Bitcoin to nuclear waste — if you don’t know how to properly store it, disaster may strike. Vays still remains a devotee despite this


Bitcoinist

Anything Besides Bitcoin is 'Useless' – Tone Vays and Nouriel Roubini Square Off
Bitcoinist
Roubini placed a strong emphasis on the tension between institutions and regulations. Vays went on to compare Bitcoin to nuclear waste — if you don't know how to properly store it, disaster may strike. Vays still remains a devotee despite this ...

Crypto Week In Review: Market Moves Out Of Slump, Ethereum Futures Next

Although the past seven days were relatively quiet for this industry, hopes for the long-term growth and adoption of crypto assets like Bitcoin and Ethereum remain at all-time highs, as an assortment of firms released a variety of innovative products that piqued the interest of many. CBOE To Launch Ether Futures In The Upcoming Months

The post Crypto Week In Review: Market Moves Out Of Slump, Ethereum Futures Next appeared first on NewsBTC.

Although the past seven days were relatively quiet for this industry, hopes for the long-term growth and adoption of crypto assets like Bitcoin and Ethereum remain at all-time highs, as an assortment of firms released a variety of innovative products that piqued the interest of many.

CBOE To Launch Ether Futures In The Upcoming Months

On Thursday, it was revealed that the CBOE, the largest US-based options exchange, moved one step closer to launching an Ethereum (ETH) futures contract. Speaking with Business Insider, those familiar with the matter noted that the CBOE has begun telling market makers that it is only months away from the public release of Ether futures. In fact, some insiders noted that the product could be launched come January 2019, which is a mere four months away. It is likely that the SEC’s clarification that ETH is not a security opened the door for the CBOE to start working on the contract.

Like CBOE’s XBT (Bitcoin) futures contract, the long-anticipated Ethereum product will reportedly be based on the spot prices posted by the Winklevoss-owned Gemini exchange, which has become near-infamous for working hand-in-hand with US regulators.

Regardless, many expect that the arrival of publicly-traded Ethereum futures will help to propel the development and maturation of the Ethereum project, and subsequently, the growth of the overall cryptosphere. Danny Kim, the head of growth at SFOX, alluded to this hope in the following statement:

“Cboe’s offering will enable crypto traders to take both long and short positions in ether, and it’s another step forward to a new accepted asset class. With this, I think the new investment opportunity will take crypto out of the bearish market and reverse to a new bull.”

It is important to note that the CBOE was the first organization to offer a BTC futures contract, so it makes sense that the Chicago-based financial institution will continue to take the helm of the growing crypto futures subindustry.

China Continues On Crypto Crusade For The Second Week In A Row

As covered in the last crypto week in review, the heavy-handed Chinese government began its second crusade against cryptocurrencies, with regulators across the country doing their best to stamp out crypto. Although the Chinese crypto community has already been hit hard, regulatory bodies continued their anti-crypto sweep this week.

Regulators recently took even more drastic measures, conferring with Baidu, a Chinese internet giant, to essentially censor online speech pertaining to cryptocurrencies and other forms of digital assets. More specifically, Baidu has begun to restrict access to crypto-focused forums and discussion boards, citing “relevant laws, regulations, and policies.”

Additionally, the People’s Bank of China issued an impassioned statement against cryptocurrencies, noting that firms raising funds under the “banner of financial innovation” were attempting to bamboozle the Chinese public. Likening cryptocurrency to the smallpox epidemic, the central bank wrote:

“The general public should be rational about the blockchain, do not blindly believe in the promise of smallpox, establish a correct monetary concept and investment philosophy, and effectively raise the awareness of risk; and actively report the illegal criminal clues found to the relevant departments.”

For now, it seems that the dust has settled, and unfortunately, it is evident that the Chinese government came out on top this time. Nonetheless, diehards of the decentralist movement note that this is far from the end of the crypto scene in China, as it would be foolish to go down without a fight.

Line Introduces Native “LINK” Cryptocurrency

Line, one of the foremost internet firms in the East, made its first foray into the cryptocurrency industry in late-June, announcing the creation of a Singapore-based exchange named BitBox. As alluded to in the original press release, the exchange is intended to be an easy-to-use, accessible and mobile-focused platform for crypto-to-crypto trades on the go.

But now that the launch of BitBox has come and passed with relative success, the social media giant seems to be dead set on expanding its crypto-related offerings. As per an article from The Verge, Line intends to launch the LINK project, which will be its own cryptocurrency that will likely be connected to a privately-run blockchain. LINK will not be issued via an ICO, but rather, Line intends to allocate tokens to users of products in the firm’s ecosystem, by rewarding individuals who complete certain tasks or use certain programs.

The social firm also noted that the tokens hold value, as consumers will be able to spend the tokens on stickers, webtoons and other products and services within the firm’s messaging application. Moreover, Line intends to offer trading support for LINK on the aforementioned BitBox platform and will allow users to spend LINK to be used in the place of fees charged by the exchange’s trading engine.

If this initial move succeeds, Line intends to eventually use the LINK blockchain to host decentralized applications (DApps) that will connect to the firm’s popular messaging application.

Although LINK may not sound like much on the surface, many hope that this introduction will drive the adoption of crypto assets in general.

Along with the LINK, the firm also recently announced “Unblock Ventures,” an early-stage token venture fund backed by $10 million in initial funding. With the Line-backed fund, exchange and token, innovators at the technology firm intend to bolster the development and growth of cryptocurrencies and blockchain technology over the long-haul, as it seems the company’s executives are proponents of the crypto movement.

Yahoo Finance Introduces Crypto Trading Feature

Yahoo Finance, one of the most popular finance-centric sites in the world, has recently taken an even friendlier stance towards crypto, introducing support for BTC, ETH, LTC, and BCH on-site trading on Wednesday. The community immediately erupted with an impromptu celebration, with the likes of Litecoin founder Charlie Lee and Anthony Pompliano of Morgan Creek Digital Assets expressing their excitement for this unexpected move.

However, for undisclosed reasons, the New York-based subsidiary of Yahoo took down this feature just 24 hours after individuals found out about it, leaving many with questions unanswered. Following a short period of uncertainty and confusion, Yahoo Finance finally brought clarity to the situation, issuing a release regarding the topic. The firm noted that it intends to offer crypto trading support for BTC, ETH, LTC, and DOGE first on IOS’s Yahoo Finance app, adding that this feature was enabled by a partnership with TradeIt.

Although it wasn’t explicitly stated, it was implied that the move to offer trading support for the official Yahoo Finance site was premature, but is not off the table for updates in the near future. So following the IOS release, the company intends to expand support to Android and desktop devices in the upcoming weeks.

Like Line’s move to launch its own cryptocurrency, many hope that this product will increase crypto adoption and awareness on a worldwide scale.

Bitcoin Posts Third Consecutive Week Of Positive Price Action

For the first time in weeks, if not months, the cryptocurrency market has posted a hefty gain over the past seven days. Even with a relatively quiet news cycle, the total market capitalization of all crypto assets saw a 10% increase this week, moving from $215 billion to $237 billion in a gradual, yet bullish move.

crypto

Image Courtesy of CoinMarketCap

Bitcoin began this week at $6,600, following the now-infamous BitMEX maintenance session, where BTC surged by upwards of $400 in the hours following the temporary shut down of the popular exchange. At first, many were skeptical that the price of the asset would surpass $6,800, which has been widely touted as an important level of resistance in the eyes of technicians. But as the week continued, Bitcoin began its steady rise to $6,750, taking a temporary pit stop before the eventual move past $6,800 and beyond. At the time of writing, BTC has found footing at $7,200 and continues to trade in the $7,050-$7,250 range.

Although Bitcoin lead the crypto pack as normal, altcoins unarguably outperformed BTC this week, with assets like XMR, IOTA, EOS, DASH, BCH and more posting astronomical gains that dropped the jaws of “altcoin maximalists” and short-term speculators. This resulted in a slight pullback in the Bitcoin dominance figure, moving from 53.7% last week to 52.3% as it stands today.

crypto

Image Courtesy of Coin360.io

It has become clear that the underlying sentiment in this industry is starting to see a positive change, so as Brian Armstrong once said, “it’s getting harder and harder to become a crypto skeptic.”

Featured Image From Shutterstock

The post Crypto Week In Review: Market Moves Out Of Slump, Ethereum Futures Next appeared first on NewsBTC.

Bitcoin Price Weekly Analysis: BTC/USD Targets $7300-7400 – newsBTC

newsBTCBitcoin Price Weekly Analysis: BTC/USD Targets $7300-7400newsBTCThis past week, bitcoin price broke a major resistance zone near the $6,775 level against the US Dollar. The BTC/USD pair traded above the $7,100 level and later corrected lower. Th…


newsBTC

Bitcoin Price Weekly Analysis: BTC/USD Targets $7300-7400
newsBTC
This past week, bitcoin price broke a major resistance zone near the $6,775 level against the US Dollar. The BTC/USD pair traded above the $7,100 level and later corrected lower. The price corrected back towards the broken resistance at $6,775, which ...

and more »

Bitcoin Price Weekly Analysis: BTC/USD Targets $7,300-7,400

Key Points Bitcoin price is moving higher nicely and it could soon test the $7.300 level against the US Dollar. There is a major bullish trend line formed with support at $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher slowly and steadily above

The post Bitcoin Price Weekly Analysis: BTC/USD Targets $7,300-7,400 appeared first on NewsBTC.

Key Points

  • Bitcoin price is moving higher nicely and it could soon test the $7.300 level against the US Dollar.
  • There is a major bullish trend line formed with support at $7,050 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to climb higher slowly and steadily above the $7,300 level in the near term.

Bitcoin price is gaining strength above the $7,100 level against the US Dollar. BTC/USD buyers are now targeting the $7,300 and $7,400 resistances.

Bitcoin Price Rise

This past week, bitcoin price broke a major resistance zone near the $6,775 level against the US Dollar. The BTC/USD pair traded above the $7,100 level and later corrected lower. The price corrected back towards the broken resistance at $6,775, which acted as a support. Later, there was a fresh upward move and the price traded above the $6,900 and $7,000 level. There was a proper close above the $7,000 level and the price is now well above the 100 simple moving average (4-hours).

During the rise, the price cleared the 76.4% Fib retracement level of the last decline from the $7,135 high to $6,778 low. It opened the doors for more gains and the price traded above the $7,135 high. More importantly, it tested the 1.236 Fib extension level of the last decline from the $7,135 high to $6,778 low at $7,219. It indicates that the price is now placed nicely in an uptrend above $7,000. On the downside, there is a major bullish trend line formed with support at $7,050 on the 4-hours chart of the BTC/USD pair. Therefore, dips remain supported near $7,050 and $7,000.

Bitcoin Price Weekly Analysis BTC USD

Looking at the chart, BTC price is likely to extend gains towards the $7,355 level. It is the 1.618 Fib extension level of the last decline and a key resistance zone. Above this, the next target for buyers could be $7,400.

Looking at the technical indicators:

4-hours MACD – The MACD for BTC/USD is placed nicely in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is now well above the 60 level.

Major Support Level – $7,000

Major Resistance Level – $7,355

The post Bitcoin Price Weekly Analysis: BTC/USD Targets $7,300-7,400 appeared first on NewsBTC.

Ethereum Price Weekly Analysis: ETH/USD Grinding Toward $314

Key Highlights ETH price is moving nicely above the $290 level and it could gain further towards $314 against the US Dollar. There is a crucial bullish trend line formed with support at $290 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported and it seems like it could continue

The post Ethereum Price Weekly Analysis: ETH/USD Grinding Toward $314 appeared first on NewsBTC.

Key Highlights

  • ETH price is moving nicely above the $290 level and it could gain further towards $314 against the US Dollar.
  • There is a crucial bullish trend line formed with support at $290 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair remains supported and it seems like it could continue towards $304 and $314 in the near term.

Ethereum price is slowly moving higher versus the US Dollar and Bitcoin. ETH/USD remains buy on dips towards the $290 and $282 levels.

Ethereum Price Trend

There was a decent support base formed near the $270 zone in ETH price against the US Dollar. The ETH/USD pair started an upward move and traded above the $280 and $290 resistance levels. The upside was cleared after the price broke the 61.8% fib retracement level of the last decline from the $297 high to $270 low. The price gained traction and settled above the $290 level plus the 100 simple moving average (4-hours).

It is currently consolidating near the $300 level. On the downside, there is a crucial bullish trend line formed with support at $290 on the 4-hours chart of ETH/USD. Above the trend line support, the 100 SMA is positioned near the $292 level. Therefore, dips in ETH remains supported near the $292 and $290 levels. On the upside, the price may soon test the 1.236 Fib extension level of the last decline from the $297 high to $270 low at $304.08 level. Above this, the next target for buyers could be the $314 level, which is the 1.618 Fib extension level of the last decline.

Ethereum Price Weekly Analysis BTC USD

The above chart indicates that ETH price is placed nicely in a positive zone above $290. Once it settles above $300, there could be more gains towards the $304 and $314 levels in the near term.

4-hours MACD – The MACD is placed in the bullish zone.

4-hours RSI – The RSI is currently well above the 60 level.

Major Support Level – $290

Major Resistance Level – $314

The post Ethereum Price Weekly Analysis: ETH/USD Grinding Toward $314 appeared first on NewsBTC.

Bitcoin Cash Price Weekly Analysis: BCH/USD Rally Could Extend above $650

Key Points Bitcoin cash price jumped higher and broke the $540 and $600 resistance levels against the US Dollar. There was a break above a major bearish trend line formed with resistance near $560 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair surged above the $600 and $620 levels,

The post Bitcoin Cash Price Weekly Analysis: BCH/USD Rally Could Extend above $650 appeared first on NewsBTC.

Key Points

  • Bitcoin cash price jumped higher and broke the $540 and $600 resistance levels against the US Dollar.
  • There was a break above a major bearish trend line formed with resistance near $560 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair surged above the $600 and $620 levels, and now it could rally past $650.

Bitcoin cash price climbed higher sharply above $600 against the US Dollar. BCH/USD may correct lower, but dips remain supported for more gains above $650.

Bitcoin Cash Price Trend

After trading above the $500 level for quite some time, there was a sharp upside move in bitcoin cash price against the US Dollar. The BCH/USD pair rallied and broke many resistances on the way up like $540, $580, $600 and $640. More importantly, the price is now trading well above the $550 pivot level and the 100 simple moving average (4-hours).

During the rise, there was a break above a major bearish trend line formed with resistance near $560 on the 4-hours chart of the BCH/USD pair. The pair traded as high as $656 and it is currently placed nicely in a bullish trend. If it corrects lower from the current levels, the previous resistance near $620 could act as a support. The 23.6% Fib retracement level of the last wave from the $523 low to $656 high is also positioned near the $625 level. If the price continues to move down, the $600 level is the next support. It coincides with the 50% Fib retracement level of the last wave from the $523 low to $656 high.

Bitcoin Cash Price Weekly Analysis BCH USD

Looking at the chart, BCH price remains in a solid uptrend above $600. There could be a minor dip, but buyers are likely to appear near $625 or $600.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is placed heavily in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is near the overbought levels.

Major Support Level – $600

Major Resistance Level – $650

The post Bitcoin Cash Price Weekly Analysis: BCH/USD Rally Could Extend above $650 appeared first on NewsBTC.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-HoursOn September 1, 2018, the Bitcoin Cash (BCH) network was put to the test as BCH proponents flooded the mempool with millions of transactions. According to statistics during the last 24 hours, BCH miners have processed over 2 million transactions so far. Also Read: August 2018 Volume Rankings Report: ETC and Dash Top Ten Close to […]

The post Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours appeared first on Bitcoin News.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours

On September 1, 2018, the Bitcoin Cash (BCH) network was put to the test as BCH proponents flooded the mempool with millions of transactions. According to statistics during the last 24 hours, BCH miners have processed over 2 million transactions so far.

Also Read: August 2018 Volume Rankings Report: ETC and Dash Top Ten

Close to 2M Transactions Processed So Far

The Bitcoin Cash chain is chugging along processing millions of transactions on September 1, 2018. Over the last day with 2M transactions (tx) processed so far, BCH has outpaced the Ripple (XRP 1.7M tx/day) and Ethereum (ETH 1.2M tx/day) network’s 24-hour tx records. Right now statistics stemming from the data website Fork.lol show that the BCH chain has processed 2,060,041 transactions over the last 24-hours. Statistics also show that the BCH chain has processed 85,835 tx per hour, and 23.8 tx per second.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours

Of course, Bitcoin Cash proponents are celebrating the momentous occasion and participating by using tools like scale.cash. There have been a ton of celebration parties all over the world with people monitoring and participating in the BCH stress test while sipping on their favorite beers.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours
The average number of transactions per block according to Fork.lol. Orange (BTC), Blue (BCH). 

The community has been fixated on websites like Txhighway.com, Txstreet.com, and Bitcoinsubway.cash watching all the transactions confirm with some added old school 8-bit style. There have been lots of pictures shared online of these fun websites and other data sites like Blockchair, Coindance Cash, Fork.lol, and Johoe’s Bitcoin Cash mempool statistics. 

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours
Lots of people sharing images of Txhighway.com on September 1. 

Big Blocks

One example of shattering records comes from the enormous blocks processed on September 1 by BCH miners. Miners for the first time ever surpassed the highest mined block size, which was previously 8MB. On the day of the stress test, there were plenty of 4-8MB blocks but also 9, 10, 13.5,14 and even the largest at 15.2MB in size. Mining operations such as Viabtc, BTC.top, Coingeek, BMG Pool, Waterhole, Bitcoin.com, and others processed block sizes much larger than 8MB.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours

Even though the day was an experiment, 23 transactions per second is considerably larger than BTC’s 3 transactions per second and many of the other blockchain networks. Further, instead of people getting upset about tons of microtransactions and calling it a ‘spam attack,’ BCH stress day participants have relentlessly processed thousands a day, and miners processing big blocks had cleared the mempool (transaction queue) effortlessly.

Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours
Memo.cash got a lot of use this Saturday.

In addition to this, the Bitcoin Cash network fees remained low the entire time, unlike what took place this past December on the BTC network. BCH median fees today were $0.001 per transaction and were actually lower than usual. Overall the day was successful to most BCH supporters as, even though it was just a test, it showed just how well big blocks could process transactions.

What did you think about the stress test on September 1? Did you participate? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, Fork.lol, Twitter, and Pixabay. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Stress Test & Big Blocks: BCH Network Confirms 2M Transactions in 24-Hours appeared first on Bitcoin News.

Bitcoin price well up over $7000 again with Saturday gain – Digital Journal


Digital Journal

Bitcoin price well up over $7000 again with Saturday gain
Digital Journal
On Saturday, bitcoin’s (BTC) price swung upwards starting the day around $7,042 but after a couple of jumps reached around $7,218 at 20:15 before falling back to close at $7,192. Still this was a reasonable gain after the price recently fell below $7,000.

and more »


Digital Journal

Bitcoin price well up over $7000 again with Saturday gain
Digital Journal
On Saturday, bitcoin's (BTC) price swung upwards starting the day around $7,042 but after a couple of jumps reached around $7,218 at 20:15 before falling back to close at $7,192. Still this was a reasonable gain after the price recently fell below $7,000.

and more »

Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities

Russian Police Seize 22 Cryptocurrency ATMs in 9 CitiesLaw enforcement officials in Russia have seized 22 BATMs installed at stores and restaurants in 9 different cities. The confiscation has been carried out on orders from the Prosecutor’s Office and the Central Bank, local media reported. The operation of crypto teller machines in the country is currently unregulated.   Also read: Kiev’s Bessarabsky Market […]

The post Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities appeared first on Bitcoin News.

Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities

Law enforcement officials in Russia have seized 22 BATMs installed at stores and restaurants in 9 different cities. The confiscation has been carried out on orders from the Prosecutor’s Office and the Central Bank, local media reported. The operation of crypto teller machines in the country is currently unregulated.  

Also read: Kiev’s Bessarabsky Market Accepts Cryptocurrencies for Groceries

Law Enforcement Confiscate BATMs in Russia

Russian Police Seize 22 Cryptocurrency ATMs in 9 CitiesPolice officers have confiscated at least 22 automated teller machines selling cryptocurrency in shopping malls, stores and restaurants in nine Russian cities. All of the seized terminals are operated by Bbfpro which maintains a network of bitcoin ATMs across the vast country, RBC reported quoting lawyer Sarkis Darbinyan from the Digital Rights Center (DRC) who is representing the company’s interests. His organization specializes in providing legal assistance to businesses from the digital industry including crypto and blockchain firms.

Bbfpro’s manager, Artem Bedarev, told the Russian media his company had not received any queries from the authorities prior to the seizure. He said he was told informally that the investigation will continue at least six months and the machines will not be returned before it’s completed. An officer who participated in the confiscation on Friday said the operation was ordered by the Prosecutor General’s Office following a request from the Central Bank of Russia (CBR).

Russian Police Seize 22 Cryptocurrency ATMs in 9 CitiesA CBR official declined to provide details on the case with Bbfpro’s ATMs but pointed out that the regulator conducts “systematic work to identify and counteract illegal activities in the financial market.” He further explained that the possibility for uncontrolled cross-border transfer of funds and their subsequent cash out increases the risk of using cryptocurrencies in illicit schemes. The Ministry of Interior and the Prosecutor’s Office did not respond to media inquiries about the operation.

Bbfpro to Appeal Against the Seizure

Sarkis Darbinyan noted that the current legislation in the Russian Federation does not prohibit the acquisition of cryptocurrencies. He also emphasized that the company he represents observes all legally established procedures, pays its taxes and performs identity verification of users even in the absence of a mandatory requirement. The lawyer added that Bbfpro is currently assessing the financial damages resulting from the seizure of its BATMs and will appeal against the actions of the law enforcement agencies.

According to Bbfpro’s website, its devices support purchases of bitcoin core (BTC) and other unspecified cryptocurrencies. The firm works with Exmo, a popular crypto exchange in the former Soviet space, and offers technical support for the teller machines. The installation of a single terminal costs 155,000 rubles, or approximately $2,300 USD. For its services, the company charges 1 percent on the registered turnover.

Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities

Cryptocurrencies and related activities such as trading, mining and crowdfunding are not yet legalized and regulated in Russia. This is expected to happen during the fall session of the State Duma, the lower house of Russia’s parliament, which starts in September. Three bills were voted on first reading in May – “On Digital Financial Assets,” “On Attracting Investments Using Investment Platforms,” and “On Digital Rights”. Deputies tried to synchronize the drafts before the summer recess but eventually decided to postpone the final adoption.

What do you think about the actions of the Russian law enforcement agencies? Let us know in the comments section below.


Images courtesy of Shutterstock, Bbfpro.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities appeared first on Bitcoin News.

Beyond ‘Utility’ — Why Security Tokens will ultimately dominate

In ICO terms 2018 got off to a roaring start — but growing regulatory action internationally has seen a marked decline in capital raised during Q2 — moving many issuers and investors to the inevitable conclusion that compliant Security Tokens are the o…

In ICO terms 2018 got off to a roaring start — but growing regulatory action internationally has seen a marked decline in capital raised during Q2 — moving many issuers and investors to the inevitable conclusion that compliant Security Tokens are the only viable way forward for the sector

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report – CCN

CCNGlobal Bitcoin ATM Market to be Worth $145 Million by 2023: ReportCCNAs cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by …


CCN

Global Bitcoin ATM Market to be Worth $145 Million by 2023: Report
CCN
As cryptocurrency awareness and adoption grows, the bitcoin ATM market is forecast to expand at a CAGR of over 50% in a five-year period. This is according to a study conducted by business-to-business research firm MarketsandMarkets indicating that the ...

BTC Price Analysis: Here’s a Little More Confirmation – Bitcoinist


Bitcoinist

BTC Price Analysis: Here’s a Little More Confirmation
Bitcoinist
Anyhow, Bitcoin finally broke through the $7,100 resistance with gusto before taking a quick breath at $7,262. In the lead up to today’s upside move, BTC $6458.63 -0.31% pulled off a high volume spike from the key support at $6,815 where BTC


Bitcoinist

BTC Price Analysis: Here's a Little More Confirmation
Bitcoinist
Anyhow, Bitcoin finally broke through the $7,100 resistance with gusto before taking a quick breath at $7,262. In the lead up to today's upside move, BTC $6458.63 -0.31% pulled off a high volume spike from the key support at $6,815 where BTC ...

Eminem’s Latest Album Kamikaze Name-Checks Bitcoin

Multi-award winning rap artist Eminem has just released his latest album, Kamikaze. On one of the tracks, collaborator Royce Da 5’9′ mentions Bitcoin in a light that is rare to see. Bitcoin Takes Another Step Towards Mainstream Acceptance Since the bull market of 2017, both news coverage and mentions of Bitcoin in popular culture have increased

The post Eminem’s Latest Album Kamikaze Name-Checks Bitcoin appeared first on NewsBTC.

Multi-award winning rap artist Eminem has just released his latest album, Kamikaze. On one of the tracks, collaborator Royce Da 5’9′ mentions Bitcoin in a light that is rare to see.

Bitcoin Takes Another Step Towards Mainstream Acceptance

Since the bull market of 2017, both news coverage and mentions of Bitcoin in popular culture have increased tremendously.

The latest example of the world’s number one digital currency moving into the mainstream is on Eminem’s latest record, which dropped last night.

The mention comes during the ninth song on the album. The track is called “Not Alike” and is a collaboration between the formerly peroxide-adorned enemy of angsty teenagers’ parents everywhere and lesser known rapper Royce Da 5’9′. During the number, Royce states:

“Remember everybody used to bite Nickel, now everybody doing bitcoin.”

What is interesting about this particular reference is that Bitcoin is not phrased as some bizarre niche or criminal activity. He literally says everyone is doing it.

Previous mentions of Bitcoin in popular culture have often presented it as something far too complicated for the average person. This was the case with the comic Ellen DeGeneres’s section on the technology on the “Ellen” show. In other instances, as on the audience-dividing Big Bang Theory, it was presented as the domain of the strictly geeky.

Elsewhere, there have been numerous references to the shadowy early days of Bitcoin made in popular culture. One such example is the 2015 comedy-drama movie Dope. The plot features a main character who gets into the world of drug dealing on the dark web using the cryptocurrency as a payment method.

Finally, another side of Bitcoin popularly portrayed in the entertainment industry is that embodied by the “get-rich-quick” crowd. In an episode of “Family Guy”, Peter Griffin suggests that Bitcoin might be the answer to the family’s financial difficulties.

According to new research reported by Forbes, the bitcoin price moves with a high degree of alignment to its Google searches. The study was performed by Joost van der Burgt of the Dutch National Bank. He told the publication:

“If the buzz is everywhere, it doesn’t matter exactly what the news is about… nobody wants to miss out and everybody’s trying to get a piece of it.”

Such mentions like that on Eminem’s Kamikaze encourage people to research Bitcoin more fully.

Those that have heard of the financial innovation a year or two previously and forgotten to explore more may be prompted to revisit the topic. Hearing established entertainment franchises talking about Bitcoin is often enough to generate additional Google searches. According to the research by Van der Burgt, this leads to more people buying Bitcoin.

Featured image from Shutterstock.

The post Eminem’s Latest Album Kamikaze Name-Checks Bitcoin appeared first on NewsBTC.

Top 6 Failed Fiat Currencies: Discontinued Edition

The list of failed and obsolete fiat currencies is a lot longer than most people would expect. When it comes to obsolete currencies, there are quite a few to choose from. The following examples are ranked in reverse order of longevity, and failed to make any real impact in the end. #6 Albanian Lek Valute […]

The list of failed and obsolete fiat currencies is a lot longer than most people would expect. When it comes to obsolete currencies, there are quite a few to choose from. The following examples are ranked in reverse order of longevity, and failed to make any real impact in the end.

#6 Albanian Lek Valute

Initially introduced back in 1992,, the Albanian Lek Valute failed to remain relevant for more than a full year. It is evident Albania has seen numerous iterations of the Lek, with three official versions making the rounds, each with their own multiple design models. The Lek Albanian Lek Valute was the least successful of them all, although for a country going through a revolution in 1991, that is not entirely surprising either.

#5  Peru Inca

One of the older coins on the list, the Peru Inca ran from 1880 to 1882. It is one of the many iterations of the Peruvian sol, which served as a national currency between 1863 and 1985. The Peru Inca was issued after various banknotes were issued by private back. At that time, over a dozen different banks issued fiat currency in Peru throughout the years, after which the government eventually began streamlining the system.

#4 German Spermark

Following World War II, Germany had a lot of money to repay and contended with numerous financial struggles. One of those struggles prematurely ended the lifespan of the German Spermark, It was an attempt at performing a currency reform in Germany, but at that time, it simply provided to be virtually impossible due to the lingering Soviet occupation zone. Despite remaining in circulation for three years, the Spermark was eventually abolished altogether.

#3 German Bekomark / Libkamark

The successors to the Spermark did not fare that much better. In fact, there were two “successors” of sorts, one of which is known as the Bekomark. It survived for a full four years before eventually being discontinued. The Bekomark, as well as the Libkamark, both came in circulation around the same time and were prematurely discontinued around the same time as well. Another sign of the post-WWII struggles the nation was going through.

#2 Moldova Ducat

European countries have seen their fair share of national currencies which have come and gone over the centuries. In Moldova, the Moldova Ducat came into being in 1957 and was eventually discontinued in 1867. Considering the history of Moldova of a country, it is not entirely surprising to see such a currency fall out of favor after a while.

#1 Persian Gulf Rupee

It is interesting to think back on how the Persian Gulf nations had one unified currency at some point. The Persian Gulf Rupee survived for 11 years before eventually meeting its demise in 1970. Persian Gulf countries sued the Indian rupee until the halfway point of the 20th century. It was originally eroded in 1966, yet still remain in circulation for a few additional years. It was eventually replaced by all Persian Gulf nations in 1970.

Cryptopys Comes to Rescue Crypto Traders from Information Overload

Deco.agency and Krypton Capital have joined forces to launch a crypto news aggregation and portfolio management portal. The digital asset markets are notoriously volatile and prone to actions spurred by the herd instinct, FUD (fear/uncertainty/doubt), and FOMO (fear of missing out) phenomena. Sharp price movements can be triggered by news, gossip, or speculation, which is […]

Deco.agency and Krypton Capital have joined forces to launch a crypto news aggregation and portfolio management portal.

The digital asset markets are notoriously volatile and prone to actions spurred by the herd instinct, FUD (fear/uncertainty/doubt), and FOMO (fear of missing out) phenomena. Sharp price movements can be triggered by news, gossip, or speculation, which is why both professional and novice traders desperately need a reliable source of information to offer them a comprehensive picture of what is going on in the crypto universe.

With that in mind, Deco.agency, one of the leading web development agencies in Eastern Europe, has partnered with early venture capital investor Krypton Capital to launch the Cryptopys project.

The portal aims to become a one-stop shop for news and data for the crypto community, delivering quality content and portfolio management services in a user-friendly and straightforward way.

Cryptopys aggregates news from over a 100 reputable industry sources available in 18 languages, with the resource pool constantly growing based on community recommendations.

The portal sports an uncluttered interface that allows tracking coins and searching for relevant news in an efficient way. Users can label a story as bearish, bullish, or FUD, creating a unique market sentiment barometer.

While Cryptopys is still in its beta testing stage, it is fully functional, including its seamless self-serving promoted news and ICO promotion features which are accessible in exchange for crypto payments.

Whether you’re interested in keeping tabs on the crypto market, managing your portfolio, promoting certain stories or crypto ventures, visit the Cryptopys website to see everything for yourself.

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.