Day: September 2, 2018

Listen to the 31 August 2018 Bitcoin News Radio Show below.

In this edition of the BitcoinNews.com radio show we discuss a massive Dogecoin rally brought on by the launch of Dogethereum. Hear about how rap superstar Eminem has referenced Bitcoin in a newly released song, and about how Ethereum futures trading is about to launch on CBOE. Learn about Satis Group’s long term crypto forecasts, and how an investigative report found the Petro cryptocurrency isn’t backed by any oil and is untradeable.

Follow the Bitcoin News Radio Show on Anchor, iTunes, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, Overcast, Castbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

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Disaster capitalism: How inflation and economic crisis are driving nations to cryptocurrencies

Markets are today seeing strong momentum — both positive and negative — with a majority of crypto assets firmly in the green, and some corrections hitting major coins

Washington utility increases power rates for bitcoin mining Miami Herald Those firms use stacks of computer servers and a lot of electricity to produce Bitcoin or other cryptocurrencies that exist electronically. Commissioner Tom Flint told some miners Tuesday that their industry is risky and unregulated and he wanted to ...

Washington Utility Increases Power Rates for Bitcoin Mining U.S. News & World Report Those firms use stacks of computer servers and a lot of electricity to produce Bitcoin or other cryptocurrencies that exist electronically. Commissioner Tom Flint told some miners Tuesday that their industry is risky and unregulated and he wanted to ... and more »

Ether Kingdoms, the world’s first F2P (free to play) PoS crypto mining game has announced the completion of its beta testing, which should bring it closer to launching as a fully-fledged game for users worldwide.

Disclosure: This is a Sponsored Article

Ether Kingdom the first PoS Mining Game

The game leverages proof of stake mining, which is far more energy efficient compared to proof of work when it comes to securing the network. Users are able to receive up to 1% of mining rewards per day if they can send 10,000 IMPs to go to the mines for them.

Also unlike other games that are either text-based or have basic visuals and media, Ether Kingdoms is a visualized game, with full gameplay mechanics that will prove to keep players playing.

Imps are both tokens within the game as well as characters that help players earn money. Users can also send their IMP’s to go fight other players, simply done by clicking the “Fight” button and selecting how many Imps to send to war.

Users can either fight in PVP situations, but also in new clan battles. Users can also fight against global and local opponent bosses, to add another familiar element.

Artifacts can be used to improve chances of the outcome ending in your favor, as well as only 50 players being able to receive a unique artifact which guarantees the maximum 1% daily mining rewards.

Artifacts are special in their own regard, being ERC721 tokens. These tokens can be traded on platforms that support the ERC721 standard (like OpenSea), or otherwise traded with players. The powerups can be used for weekly leaderboards, to see who really the is the best of the best.

CryptoKitties Integration Details

Otherwise, players can also use Cryptokitties tokens as pets, and to receive game bonuses. CryptoKittie integration will allow users that may have joined the train due to the hype but are looking to still get some use out of the tokens they invested within the game.

An integration like this is also the first of its kind and should increase the player count of Ether Kingdom significantly. It also may raise the value of certain CryptoKitties that give certain bonuses that could be valuable within Ether Kingdoms.

For more information about Ether Kingdoms, check out their website. For social media updates about the project, make sure to follow them on Twitter as well as Facebook. More in-depth blog posts and articles will be posted on their Medium. For discussions about the project with the community and team members, make sure to check out their Telegram. For voice chatting and gamers already on the platform, Ether Kingdoms has a discord channel. For discussing more general cryptocurrency topics, Ether Kingdoms has a Bitcointalk thread that users can ask questions on. Lastly, the project also has their own Reddit.

The current momentum across the cryptocurrency markets remains rather positive. Despite the gains noted by Bitcoin and most top currencies, not all markets are performing as one would expect at this time. The EOS price, for example, is going through a brief dip, primarily because the altcoin is losing a lot of value compared to Bitcoin itself.

EOS Price is on the Decline for no Reason

It is evident not all cryptocurrencies are created equally. Nor are all markets behaving in the same manner when the momentum sours or turns bullish. Bitcoin is still performing as expected at this stage, as no notable dips have occurred over the weekend. For the EOS price, it seems Bitcoin is getting the better of this altcoin as of right now.

To put this in perspective, the EOS price has lost 2.64% in value over the past 24 hours. That is not a big setback by any means, but it also shows the positive Bitcoin momentum is not spilling over to this altcoin, for some reason. because of this decline, the EOS price has dipped below $6.5 again, although it will seemingly rebound either later today or at some point early next week.

The biggest reason for this EOS price decline is the value lost compared to Bitcoin. For some unknown reason, Bitcoin has gained 5.34% on EOS over the past 24 hours, although it remains to be seen how this will evolve in the coming hours and days. It is not uncommon for altcoins to lose value compared to Bitcoin when the world’s leading cryptocurrency remains bullish for an extended period of time.

With the overall cryptocurrency trading volume on the rise, an interesting trend is created. In most cases, the cryptocurrency volume decreases over the weekend. Today proves to be a rather interesting day in this regard. For EOS, its overall trading volume is also on the rise, resulting in $857.53m in trades over the past 24 hours. A positive number, especially because of the overall negative momentum affecting this market right now.

Looking at the exchanges ranked by EOS trading volume, it would appear DOBI Trade is leading the pack with its BTC market. OKEx leads a group of three exchanges with a USDT pair, followed by Huobi and Binance. The top five is completed by Bitfinex’s USD pair, which is also the only fiat currency pair in the top five as of right now. With these five pairs, the EOS price should be able to recover some of its lost momentum later today.

As is always the case, there are no guarantees when it comes to cryptocurrencies. In the case of the EOS price, it is evident things will change a bit in the coming hours and days, although the final outcome has yet to be determined. It would appear a small price recovery will occur soon, although recovering all losses may not necessarily happen today. Moreover, it remains a bit unclear what the future holds for Bitcoin as well.

There is no shortage of cryptocurrencies focusing on privacy. NulleX aims to differentiate itself in this market through a zero-trace privacy ecosystem. The currency is powered by the Null protocol, which is designed to offer users the privacy that they look for and deserve. Another competitor has emerged to challenge Monero and Dash.

The NulleX Principle

It is evident major cryptocurrencies such as Bitcoin and Ethereum lack any sort of privacy or anonymity. As such, the market focuses on privacy and anonymity currencies. Notorious names include Monero, Dash, ZCash, and PIVX. However, new projects emerge on a regular basis. Competition is a good thing, especially when it comes to currencies focusing on offering more privacy to their users.

How Does it Work?

Three main layers make up the NulleX concept. There is the Null Blockchain, which makes use of the Null Protocol. Its main purpose is to enable financial transactions and storage usage data. The Null Protocol keeps the information hidden from the public, even though the network is capable of verifying the necessary tidbits to ensure operations can occur as normal.

The Null Array is the part of the network which will seemingly facilitate privacy services. Numerous Null Array Verified nodes will be created around the globe. Owning such a node will result in a financial compensation for providing vital services to the NulleX ecosystem. Moreover, these nodes will oversee the burning and minting of new coins, as well as enforce the governance rules of the network, among other things.

Last but not least, there are the Null Applications or nApps. These decentralized, autonomous, and self-executing applications leverage the Null protocol to offer valuable services and unlock new product models. Potential use cases range from GPS services to social messaging and online shopping. All of this will be achieved while providing privacy features to users at all times.

The Road Ahead

For a relatively new cryptocurrency, NlleX has a rather lengthy roadmap. The team has successfully achieved the rollout of Null Array Nodes, which helps elevate the network to a whole new level. Behind the scenes, the implementation of Zerocoin is slowly inching toward completing. with a testnet release expected for Q4 of 2018. The mainnet release of the Null protocol will not happen soon, by the look of things. although it is still one of the top priorities.

Japan-based PATRON is proud to announce several new updates for their project, including new exchange support, as well as a token buyback program and the burning of tokens.

Disclosure: This is a Sponsored Article

Exchange Listing Details

PATRON’s influencer marketing platform, fresh off the success of a $40 million token sale, is continuing their momentum by intending to list their PAT token with two additional exchanges and the burning tokens by the board of directors to benefit the whole community.

The PAT token initially started with five exchanges supporting the token (Hobit, Extrates, Yobit, Changelly, LATOKEN) and now South Korean Exchange Kucoin will join the ranks. The token is also looking to become listed on CoinEx, which you can vote for here.

Buyback and Coinburn, Possible Migration to New Blockchain Platform

The token buyback and coinburn are due to PATRON preparing for a possible platform change. The team is planning a mainnet launch sometime in late September or October. The PATRON platform currently runs on Ethereum, but in the case that a different blockchain is chosen to be the mainnet, token holders will be guided through the migration and swap.

During this migration, the team will be commencing the burning of PAT tokens. While the two events are not dependent on each other, they will be occurring at the same time, to help with liquidity and price valuation of the tokens. Both the public and team pools of PAT tokens will be burned during this time.

Also, in September, the PATRON team will be attending the Crypto Finance Conference in California. The two-day event will begin on September 5th and end on the 7th. The conference will take place at the Ritz-Carlton at Laguna Niguel, California.

PATRON’s CEO Atsushi Hisatsumi will be a guest speaker at the conference, with other confirmed speakers and guests including Ripple Chairman Chris Larsen, Tim Draper, and many other prominent figures within the cryptocurrency industry.

With the platform focusing on removing the current inefficiencies of branded content and social media marketing, there are many looking forward to the future of what this platform has to offer. Forbes has even called PATRON one of the top 10 blockchain companies to watch this year.

For more information about the project, make sure to check out PATRON’s website. To read up about the projects background, concepts, and technical discussion make sure to read their white paper. For discussions about PATRON as well as other cryptocurrencies, make sure to check out their Bitcointalk thread. PATRON also has a Telegram channel, allowing users to chat with the team and other community members in real time. Blog posts regarding project updates and PATRON announcements will be posted on their Medium blog, with social media updates released through their Twitter and Facebook accounts. Lastly, for more information about the ICO and the team, make sure to check out their LinkedIn.

Bitcoinist

ETH Futures: Bad for Ethereum, Good for Bitcoin, Says Tom Lee Bitcoinist When BTC futures debuted at the backend of 2017, Bitcoin price $6583.03 +0.1% rose to a new all-time high (ATH) of $19,700. After that, the top-ranked cryptocurrency took a nose-dive, reaching below $6,000 the following February. Presently, Bitcoin is ... and more »

Thailand’s government is surging forward with its plans to keep up with Asia’s cryptocurrency drive as it continues to promote crypto products in the South East Asian country.

The Asian blockchain jobs and employment market is booming with a 50% increase in industry roles since 2017. UK-based specialist professional recruitment consultancy Robert Walters reports that startups and established corporations in Asia are on a recruitment drive, with many crypto industry positions now becoming more appealing to those from more conventional sectors.

Thailand clearly has no intention of being left behind in this Asian digital technical renaissance. Regulators in Thailand are liberal in their dealings with crypto exchanges, and exchange licenses are available without being at the same time prohibitive due to over legislation. This year has seen a real impetus in the Thai’s charge towards making Fintech development a priority.

In early April 2018, Thailand’s Ministry of Finance released plans to tax cryptocurrency trading and investments. After a cabinet meeting in late March, Thai Finance Minister Apisak Tantivorawong responded to a letter sent by digital asset associations calling for the Deputy Prime Minister and government to “rethink the enforcement of a royal decree to regulate digital asset transactions — particularly the withholding tax, as it could be an obstacle to startup fund-raising.”

It was with a swiftness rarely seen in the west that Thailand showed this enthusiasm for crypto in June when regulators issued a number of new licenses with the SEC inviting applications from other trading institutions to apply. The regulator went on to clarify the position of potential ICO’s by dividing them into discrete categories;  investment tokens, utility tokens, and cryptocurrency.

It is suggested that such clarification of guidelines and rules for conducting ICOs by the SEC will at least bring Thailand into line with its East Asian competitors such as Japan, South Korea, and Taiwan as it develops its crypto space with an enthusiastic eye on its fintech future.

Recently the Bank of Thailand (BoT) said that it has plans to initiate a CBDC which would be primarily aimed at internal bank transactions called Project Inthanon.

The BoT is partnering with eight financial institutions on the CBDC project – including Bangkok Bank Public, Krung Thai, Siam Commercial Bank, Standard Chartered Bank and HSBC. The bank has suggested that the CBDC could cater for domestic wholesale funds transfers, third-party funds transfers, and cross-border transactions, along with some further applications.

Confirmation last month from Thailand’s government that the Thai Bond Market Association (TBMA) is currently developing a state-run token to ensure payments and the clearing of corporate bonds, is yet another statement of intent that Thailand is serious about a future with cryptocurrency.

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The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.

A crypto related Twitter account with 82,000 followers, @Crypto_Bitlord, says they were approached to sell their account for 672 Bitcoins which is roughly USD 4.7 million. The account owner states that they are now the 5th crypto Twitter that has agreed to sell their account for large amounts of Bitcoin.

Got an offer to sell this account for 657 $BTC and I just couldn’t refuse, not in this bear market.

The person seems to be coming after big accounts. I’m the 5th to sell up now.

Handing over the keys to new owner next week and will announce fresh handle

— ฿ITLORD (@Crypto_Bitlord) August 30, 2018

It seems improbable that someone would pay so much money for a Twitter account. If this was true, perhaps the person buying the accounts intends to use them to promote initial coin offerings (ICOs) and other crypto investments. It is well-known that some Twitter users, like John McAfee, are being paid to promote ICOs. John McAfee says he is paid USD 100,000 to tweet about ICOs to his 800,000+ followers. Considering that though, it doesn’t really make sense that someone would pay USD 4.7 million for an account with 82,000 followers for promotional purposes, instead of just paying USD 100,000 to reach 800,000+ followers.

In a worst case scenario, perhaps the person buying these accounts intends to scam the followers by leveraging the reputations of these well-developed Twitter accounts. That seems unlikely though since it would take some incredibly prolific scamming to make up for the USD cost of the Twitter accounts, and well before that, the account would probably be considered dangerous.

One user, @WhalePanda, says they sold their Twitter account for 1,000 bitcoins, but has already made another account @ProfFaustus to troll Bitcoin Cash enthusiasts. This is obviously a joke since @ProfFaustus is Craig Wright, one of the biggest advocates of Bitcoin Cash.

Same here. Sold mine for 1000 BTC. I like round numbers.
I've already been preparing my new account for a while now. It's @ProfFaustus and it'll be mostly a satire account to troll BCashers.

— WhalePanda (@WhalePanda) August 30, 2018

Although this is a joke, some people are taking it seriously and illustrates how the initial post from @Crypto_Bitlord could also be untrue even if some people think it’s the truth. Time will tell, @Crypto_Bitlord says they are handing over the account next week and will announce their new account name at that time.

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There’s a battle going on and it displays how popular masternodes have become. But wait, what’s a masternode? And how can you earn money with one?