Showing posts with label bitcoin news. Show all posts
Showing posts with label bitcoin news. Show all posts

21/06/2017

Bitcoin Records 10 Percent Orders at Austria’s Yipbee - Johntechservice

An Austrian startup now receives 10 percent of its orders in Bitcoin by letting private consumers purchase goods from industry wholesalers Yipbee 


Bitcoin Accounts for 10 Percent of Orders at Austria’s Yipbee

Client base increases and a 15-20 percent monthly growth have peaked investor interest, with the business expanding into Eastern Europe over the next year.

Yipbee this month, announced an investment round worth a suspected minimum of €1 mln, offers payments in euros and Bitcoin via BitPay.

Client base increases and a 15-20 percent monthly growth have peaked investor interest, with the business expanding into Eastern Europe over the next year.

“In March we turned a net profit and are growing 15-20% every month,” Founder Umut Kivrak told German publication Gruenderszene, which reported on the investment.

Yipbee is a still relatively rare example of a more “mainstream” service operating in Europe recording a healthy turnover in the virtual currency.

Kivrak continued that he “noticed quite quickly” that there was a “relatively large group” of potential clients interested in using Bitcoin as a currency over an investment tool.

Last month, major online retailer Alza, based in the Czech Republic, began accepting Bitcoin payments across its network.

BitPay is used, as is common practice among businesses experimenting with cryptocurrency payments, to convert order totals directly to euros.

Visit this link for More Bitcoin News http://www.johntechservice.com.ng/search/label/bitcoin news
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08/06/2017

Bitcoin, Litecoin Exchange Platform Currently Under DDOS Attack

BTC-E announced tweeted on June 6, 2017 about their system overload experience. Due to that, Bitcoin/Litecoin exchange platform has been experiencing an usually slowdown in its Bitcoin network system causing delay in confirming the transactions.



BTC-E Consecutive DDOS Attacks Report


BTC-E company the next day at 5:04 am, the revealed in a follow up tweet announcement that it is under a DDOS attack.

This was most likely due to the congestion that the network received when the there was an overload in the system. Naturally, a lot of BTC-E consumers did not react well to the news as this news was received with a lot of negative feedback from the followers. So far, no news has been made as to whether or not the problem has been fixed or not as BTC-E hasn’t made any follow up tweets after the last one.

With regard to the most recent case, followers and investors are still waiting for a response of BTC-E regarding this incident. These two incidents illustrate that the Bitcoin network system is still quite unstable with regard to ability to process information.

Such incident is not new as the platform experienced a similar back in January 2017 wherein the platform went offline for several hours because of a DDOS attack.

The site was offline for an estimated four hours which sparked a lot of negative feedback from the followers of BTC-E. This incident was due to a sharp increase in the Bitcoin prices in both the CNY and USD markets. On the same month in 2016 , the platform also experienced a similar attack caused the operations for several hours.

Security concerns


When dealing with currency and money, security is a top priority because people’s money is in the system. Without a proper security system that can ensure the safety of the people’s money, companies such as BTC-E may receive a lot of backlash not only from investors but also organizations and institutes that regulate this sector.

It is for this reason that security is extremely important in these types of platforms.

Source: Cointelegraph
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02/06/2017

Greek Lawyer Tops Financial Times Legal Innovators in Europe List

Financial Times’ list of top legal innovators in Europe has been released and a Greek lawyer has made the list for his use of Bitcoin during the country’s financial crisis.



"Panos Giannissis came second on a list of eight finalists shortlisted by the publication, which praised his use of the virtual currency when capital controls appeared in Greece two years ago."

Panos Giannissis last year,helped clients to stay in business by converting some of their working capital to Bitcoin, the virtual currency, when capital controls were imposed during the Greek financial crisis.

“After the Capital Controls were imposed, the deal was activated and his clients continued to receive their supplies as usually, while their suppliers were covered by the Bitcoin collateral.”

“...He negotiated a deal with his clients’ suppliers from abroad to accept Bitcoin as collateral to back importation of supplies in case his clients would not be able to make payments in fiat money,” an accompanying press release further explains.

Source: Cointelegraph
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01/06/2017

Bitcoin Recorded More USD Gain in May Than ‘Gox Month’ November 2013

Bitcoin recorded over $960 last month which is it's highest USD growth ever achieved.


Bitcoin Gained More USD in May Than ‘Gox Month’ November 2013

The timing of price activity was crucial, it could be argued. At the start of the last week in May, Bitcoin suddenly declined to below $2,000, losing more than $1,000 of its peak value in 24 hours.

Since then, a correction has been underway, with one coin worth around $2,300 as the clock ticked over into June.

Despite volatility and a slump at the end of the month, May beat out November 2013 to become Bitcoin’s most successful month in dollars. That month, at the height of Mt. Gox’s fame, Bitcoin climbed $860, data reported on Reddit shows.

However, the action pales in comparison to that witnessed by the Ethereum (ETH) camp. A price of around $78 at the start of May ended up as $220 one month later, despite altcoin rising and falling in line with Bitcoin towards the end of the monitoring period.

according to data from Coinmarketcap, four weeks ago, bitcoin prices stood at around $1,360.

Source: Cointelegraph
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30/05/2017

Ethereum Current Price Analysis

 Ethereum’s price fall of more than 50 percent is said to be caused by Large-volume speculation. Now the question everyone is asking is these " Is the price going to fall again?".


Ethereum price analysis 2017

USDT/ETH
Profitable situation for the bears


Recently, over 80 companies have joined the Enterprise Ethereum Alliance (EEA) and this is definitely good news for the Ethereum community. Many understand this and expect a consequent reaction in the price. But news cannot be a decisive factor in trends. That is exactly because the current situation is profitable for the people looking to take their profits. The large volume of buy deals at the peak of the trend is a great opportunity for big sell deals.

Ethereum analysis 2017


Ethereum Long-term Downward Rebound


Ethereum price has rebounded from the $100 area, given that a long-term reversal has not yet taken place. The entire fall can be considered a correction towards the entire upward trend from $6. The long-term uptrend has ended, which can result in a protracted flat. In regards to the current growth from $97, we can point to a level near $132, where the highest demand is present. Given a new fall, Ethereum price is likely to stop at that resistance line. If a downward reversal doesn’t take place, further growth will have better chances.


Source: Cointelegraph
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24/05/2017

Bitcoin Portfolio Protection Mandatory - CNBC

According to report which we received last week from CNBC, it says that investors should be looking into double assets to avoid US economic uncertainty and financial instability: overseas equities and digital gold Bitcoin .


Bitcoin Portfolio Protection Mandatory - CNBC

Boris Schlossberg of BK Asset Management recently at CNBC’s Trading Nation stated the need of maintaining Bitcoin in a portfolio as a mandatory asset to hedge against an inevitable global economic struggle.


More so, despite raising an important discussion point in regard to the rising adoption of Bitcoin as a safe haven asset, CNBC placed an emphasis on the rejection of the Winklevoss twins’ Bitcoin ETF COIN earlier this year, even though the market has completely recovered from the SEC’s decision after the realization that Bitcoin investors do not require another layer of regulatory intermediary to facilitate the trading of Bitcoin.

Also, at the time the SEC outlined that the lack of overseas regulation on Bitcoin was the reason for its rejection when it clearly was not the case. Countries including China, Japan, the Philippines and South Korea have tighter Know Your Customer (KYC) and Anti-Money Laundering (AML) policies set in place.

 “CNBC Associate Producer Rebecca Ungarino noted that "Bitcoin, prone to frequent fickle swings in value given its unregulated nature, has soared to all-time highs this year as the currency has become more widely accepted as a form of payment. Still, the Securities and Exchange Commission earlier this year rejected a proposed bitcoin exchange-traded fund,” 
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17/05/2017

Ripple Surpass Ethereum Market Cap As Devs Calm Market

Ripple’s market cap has doubled that of Ethereum’s as continued rapid growth sees the asset today’s only altcoin winner.


Ripple Doubles Ethereum Market Cap As Devs Calm Market

Its market cap is over $15 billion compared to Ethereum’s $8 billon.

After the fall of altcoin prices, Ripple is now worth over $0.40 per token, a rise of 39 percent in the 24 hours to press time and two times its value just three days ago.

While altcoin markets are notoriously changeable in the current climate, Bitcoin has recovered from last week’s negative press surrounding the WannaCry cyberattack to near
all-time highs seen previously.
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ShapeShift CEO Says Miners Are Not ‘Winning’ From High Fees

shapeshift ceo erik voorhees recently denied the claim that miners are “winning” from the increase in bitcoin network fees.


According to a post on Reddit,which says fees had increased to “40 percent” of the 12 BTC block reward, Voorhees said it was “narrow-minded” to think that miners were on top.

Three altcoins specifically have now activated Segregated Witness, with Litecoin set to join SysCoin and Vertcoin in facilitating layer two solutions including Lightning Network instant transactions in the near future.

Erik Voorhees said "If BTC price is reduced because of the scaling conflict then, high fees in blocks does not necessarily surpass losses from mining reward due to price suppression,”.

“It would be extremely short-sighted and foolish to block progress which enables Bitcoin to increase and become worth $10k+ per coin merely to get marginally more mining fees.”

So

“Miners are not "winning." While the impasse exists, everyone in Bitcoin is losing. Banks are winning,”

Source: cointelegraph
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14/05/2017

$10,000 Bitcoin Investment in 2010 Now Worth $200 Million, Gold $9,900 - Johntechservice

Bitcoin and gold are considered prominent stores of value and safe haven assets. However, over the past seven years , one experienced a meteoric rise in terms of market cap, user base and value, while the other failed to live up to the expectations of its investors.



StockTwits, the world’s largest financial communications platform for the investing community, revealed one of its users’ growth chart comparing various currencies, bonds and assets. In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return. This revelation was made known as of May 13, 2017.

ALSO READ: INTCoin Next Generation Decentralized Currency to Be Launched

In contrast, a bitcoin investor who purchased $10,000 worth of gold in 2010 would have experienced a negative return of $9,981.


ALSO READ: Breadwallet Guide on Bitcoin $10,000 Bubble

This simply means an investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.

Also note that since July of 2010, Bitcoin has significantly outperformed the Japanese yen, Canadian dollar, Euro, Silver, Gold, US Dollar, bonds, global stocks, US real estate and US stocks.

Naturally, its decentralized nature, high liquidity and transportability began to appeal to a wide range of investors seeking for alternative assets to protect their wealth with a long-term investment.

In conclusion, Bitcoin’s ownership is evidently portrayed with the use of cryptography. Hence, Bitcoin can not be seized by a central entity because the Bitcoin network itself is decentralized and untouchable.
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13/05/2017

INTCoin Next Generation Decentralized Currency to Be Launched

A new digital currency named  INTCoin will soon be launched on June 7 by an international team of developers.


About INTCoin the Next Generation Decentralized Currency

INTCoin is said to be next generation decentralized Blockchain-based digital currency that takes advantage of the Blockchain technology's capabilities to provide full security and  anonymity for users, with 50 transactions per second being made.

ALSO READ: A Town in Washington DC Where Cannabis are Bought with Bitcoins

According to INTCoin developer, Alessio Evers "Privacy is one of the most significant qualities of digital currencies, but a lot of projects provide the solutions to non-existent problems and neglect this aspect," Evers said. "From our side, we think that user's private payment information has to remain private in all meanings."

INTCoin Key Advantage


One of the key advantages highlighted by INTCoin creators is its protocol AniNote, which, according to Evers, is an improvement on the CryptoNote protocol, which allows the creation of completely anonymous egalitarian . Monero, which has seen a rapid expansion in growth since its development, is one digital currency that uses CryptoNote - Dash is another. Monero is thought to be so popular within the digital currency space because it offers unique privacy features that make it completely anonymous and almost untraceable. 


However, by upgrading the ring signature within the CryptoNote protocol, AniNote eliminates the possibility of identifying a specific user.

Before the launch of the INTCoin currency, the team is undertaking three presale stages. Phase one has ended while phase two is due to end on May 13, which will see the start of phase three, finishing on June 5. At the time of writing, the total number of coins purchased amounts to 1,701,874.45 on the current exchange rate of 2,799 INT for 1 BTC.

During all presale periods, the team expects to sell about five mln coins with the presale money going toward the development of the technology to the point of release and team growth.

Source: Cointelegraph
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12/05/2017

Breadwallet Guide on Bitcoin $10,000 Bubble

Breadwallet recently came up with idea that Bitcoin is in a bubble and it is gaining traction advising users how to recognize it.



“There is a very real chance that the pattern from 2011, early 2013, and late 2013 is about to repeat,” the wallet provider writes referring to the classic S-shape pattern of Bitcoin price growth.

ALSO READ: London's Brexit Major Effect on FinTech TransferWise

“If this happens, you will get to witness the fourth official ‘Bitcoin bubble’ over the next few months.”

Bitcoins huge price rise in recent weeks already has commentators concerned that the floor could soon give way, with Breadwallet’s guide appearing as a subtle acknowledgment.

ALSO READ: Bitcoins Major Influencers - 2017

The guide states four aspects drawn from previous bubbles which it assumes will ring true should another occur.

Bitcoin major bull run has set a new all-time price high, mainstream media attention signals a run is “near the top,” and after a correction - no matter how huge - prices will “settle higher than the previous bubble’s top,” it continues.

Breadwallet predicts a maximum bubble price of $10,000 per coin this cycle.

This is great.
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22/04/2017

London's Brexit Major Effect on FinTech TransferWise

UK-based money exchange company, TransferWise Ltd. Co Founder Taavet Hinrikus recently in his speech which was released by Bloomberg Technology said, I quote “While we’re happily headquartered here in London, if I were setting up TransferWise today I would not choose London.”


Brexit

TransferWise thought about UK Brexit and its Impact


Brexit’s impact unknown
On the question of what impact Brexit will have on the broader money transfer business, a TransferWise spokesperson says:

“Two of the main benefits of being a part of Europe for a Fintech business are passporting but more importantly the free movement of talent. We have no idea yet what the impact of Brexit will be but losing those two things are critical for a Fintech business.”

ALSO READ: Bitcoin Price Rises to $1,200 Ealier Today

The free movement of talent across borders is indeed an issue that would need sorting out post-Brexit.

The Sunday Telegraph’s figures show that there has been a decline in the number of deals that were signed up by the tech industry post the June 23 referendum, with post-referendum deals coming in at 1,583 and pre-referendum at 2,426.

Despite the clouds of Brexit looming, British tech deals hit a high in 2016 according to GP Bullhound . Whether the growth in the tech sector can be maintained post-Brexit is an interesting question.
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18/04/2017

swissgolden.com : How to Buy Gold Bars from Swissgolden Cooporation

Swissgolden corporation is the company, the gold bars producer. It has been working for about 5 years now with more than 200,000 successful clients in 120 countries of the world. It has an online shop at www.swissgolden.com where clients can:


swissgolden online store

1.buy gold bars ranging from 1 to 100g bars. It has its own SG branded gold bars along side gold bars from other renown refiners and producers namely: argor-heraeus (switzerland), degussa (germany), valcambi (switzerland).

2. They can buy back any gold bar bought from them.

3. They can arrange safe keeping for your gold bars. At pro aurum in Germany or VIA MAT in Switzerland which are certified depositor , at 0.1% value of your gold per month.

4. They brokers arrange delivery of your gold bars via insured courier. Cost is around 55€ per delivery. Max quantity to be delivered depends on delivery location due to varying customs laws
Swissgolden holding is a group of companies under which they have:

1. Swissgolden corporation registered in the Virginia islands UK.

2. Golden trade establishment Ltd registered in the European Union last year and is responsible for the production of the SG branded gold bars. EU have issued them the licence to produce the bars.

3. Executive office have been moved from London to Stuttgart Germany and in charge of storages,logistics and mailing of gold bars to partners.

4. Honkong Swissgolden company registered in Hong Kong and responsibly for buying gold for production through gold brokers
5. Swissgolden franchises. This will be rolled out in 2017, where partners can have physical offices for marketing and sell of investment gold. In Nigeria 2 partners have been given the approval so we have the offices in portharcourt and Lagos.

The gold sold by Swissgolden is raw 24karats 999.9 . The highest purity of gold and the SG branded bars comes with special features to protect bullions from counterfeiting.
Swissgolden also have a debit master card and partners can order it at 20€. Card will be linked to your Swissgolden euro account.

How to Buy Gold Bars on Swissgolden.com


So a client who wants to buy gold can register at www.swissgolden.com ,verify account by submitting valid id and document to verify name and address then select gold bars and pay for the order OR if willing to participate in the bonus program, select the program of choice and pay your share for the other.

Swissgolden Bonus Plan


People save money in precious metals such as gold as they are products that hardly loose value. During the last 45years , gold prices increased in 40times and as such makes it inaccessible for majority of people.

The SG bonus plan makes gold bullions available and accessible to everyone willing to participate in the bonus plan. By helping to increase the company's turnover due to your referral, a partner gets 25% of the completed orders by 12 customers to purchase gold bars. The order can be 2400€,7000€,27500€ and 98000€ know as the start, main, vip and vip+ program of orders respectively.

Partners are expected to make a prepayment of 10% contribution toward order of their choice. Admin fee also applies too.

For each of the orders above, there is a preliminary order that cost less and enables ones to earn a bonus that will be used to pay for the main orders.

Please note. Compensations are paid from the company's turn over. So buy your gold and encourage others to do same. That way we generate the required turn over and get gold. 10% of every bonus is used to fund the leadership program which is another income stream in the business where you get paid whenever anyone in your structure gets paid.

More on Swissgolden.com Bonus plans


1. Start total earning is 1800euro. Prepayment(10%) is 180€+Admin fee 20€=200€.

You are expected to complete this table 3 times to complete the contract. Each time you close your table and qualify for earning you are paid 540€
The preliminary to the start is 65€+admin fee 10€=75€.

Complete your table once, qualify and earn 260euro,then 200€ is used to pay for the start order

2. Main order is 700€+40€ Admin fee=740€. 3 tables like the start. But each earning is 2100€ Preliminary to main is worth250€+30€ admin =280€, complete once and earn 1000€. Then 740€ is used to pay for main order (Note this order is currently at 700€+20€admin and 200€+20€ admin...but will soon be at above rates).

3. The vip contact is worth 2750euro+50euro admin fee=2800€. 3 tables per contact and on each qualification and completion you earn 8250€.

The preliminary to this order completed once is 1000€+50€ admin fee. The earning is 4000€ out of which 2800euro will be used to pay for the vip order Lastly.

4. Vip plus order, 9800€+50€ . 3 tables too and each earning is 29400€. The preliminary is 3500€+50€ admin fee. Close table once. Qualify and earn 14000euro. 9850euro is then used to pay for the vip plus table.

Change from preliminary tables are used to buy you gold bars You can choose to upgrade to any order of your choice.

You can have the 4 programs running simultaneously in one account.

Once you qualify and earn your gold. It will be placed in your storage within 4 to 14days based on the orders that closed your tables.

If you have your gold in your storage you can either

1. Keep in storage

2. Request delivery

3. Sell gold back to the company and they will pay the proceeds into your euro account.

Money in your SG euro account can either be:

1. Withdrawn into a bank or okpay or perfect money account(being worked on)
2 . Used to generate coupons and sold to new customers so they can use it to pay for their orders. You will be paid in your local currency in exchange for the coupon (sets of pin number to be applied during payment like our recharge card pin number).

3. You can fund your SG master card and use
Please. Take time to read through and let us know if you have any questions.

How the SG table works and the leadership program will be discussed in subsequent briefs.

Read More »

Bitcoin Price Rises to $1,200 Ealier Today


massive bitcoin price increase

Bitcoin price earlier today has risen again.It has passed the $1,200 line once again. As early as 04:00 am GMT it was being sold at $1,207.00. For the second time within a period of a month, Bitcoin price has reached the $1,200s but could but was not strong enough to hold its increase so it retreated back to the $1,100 region.




 I just hope it remains stable or increses more and more instead of reducing. What do you think?
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Bitcoins Major Influencers - 2017

Recently, reports shows that Russia Becomes Bitcoin’s Future Big Influencer Along With China, India.

 

bitcoin influencers 2017
cointelegraph

Commenting on the People’s Bank of China’s desire to create its own digital currency, analysts ExchangeRates wrote Tuesday that even its existence would “revolutionize the cryptocurrency universe and skyrocket its popularity and acceptability worldwide.”

However, traditional Bitcoin powerhouse China is ready to stage a comeback, while India and Russia’s emerging demand and hopeful regulatory future are already unleashing huge potential.

China, India and Russia increasingly look to become the major influencers in Bitcoin prices in the coming years.

In the midst of Japan’s decision to allow cryptocurrency as legal tender in a fully-regulated environment, Bitcoin is again breaking the $1,200 price point.

“China is a major importer and exporter of goods and services. A digital Renminbi can be a gateway for China to internationalize its currency, and offer it as a substitute to the US dollar,” it added. 

In terms of legislation, the Indian environment is on the surface even less certain than China’s.

Meanwhile, Russia’s increasingly soft stance on Bitcoin may see it legalized in 2018, subject to transaction monitoring in forms yet to be understood.

Nonetheless, looking forward, the vast potential of an underbanked, mobile-reliant populace suffering under five months of cash reforms means India is gearing up to find a reliable alternative for everyday wealth control.

Source: Cointelegraph
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09/04/2017

Foreign Investors goes for Ether, Monero, Litecoin Instead of Bitcoin

bitcoin rally

With the exception of some timeframes, Bitcoin price is usually stable and significantly less volatile in comparison to other digital currencies. At a market cap close to $20 bln, the volatility rate of Bitcoin has substantially decreased over the past few years.


There seems to be a trend in cryptocurrency investment.

Traders of Bitcoin often leap from one digital currency to another, spreading their
investments across popular currencies such as Ethereum’s Ether (ETH), anonymous currency Monero (XRP) and Litecoin (LTC) .

ALSO READ: Bitcoin Unlimited:Bitcoin Price Increases to $1,115 as of Today

However, Bitcoin price fluctuates upon the
emergence of major market and industry-affecting events. For instance, when the discussion of hard fork contingency intensified and the market began to shake, Bitcoin price plunged, stabilizing in the late $
900s.

More importantly, crypto assets like Ether have
drastically increased in price because of the rising interests of corporate investors and financial institutions.

ALSO READ: A Town in Washington DC Where Cannabis are Bought with Bitcoins

Specifically, the formation of the Enterprise Ethereum Alliance increased the market cap of Ethereum by around 4x, as it jumped from $1 bln to over $4 bln within a span of two months.

The back and forth movement of Bitcoin investors and their diverse portfolio of cryptocurrencies explain the ratio of trading pairs in major assets like
Ethereum . More than 50 percent of trading in the
Ethereum exchange market is processed with the
ETH/BTC pair. Therefore, there exist more domestic
traders within the cryptocurrency community
purchasing alternative crypto assets such as ETH than conventional investors trading altcoins.

Source: cointelegraph
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23/03/2017

A Town in Washington DC Where Cannabis are Bought with Bitcoins

Cannabis sales outlet worldwide

A United States (Seattle) merchant is seeking to boost the local cannabis business forward from cash-only payments by using the virtual currency instead.


The aptly-named POSaBIT as of today has been installed at six outlets in the Washington State capital, with several others beyond.

Cannabis purchase with bitcoin

How POSaBIT Works


POSaBIT system allows customers use their credit or debit card to buy Bitcoin, which is then used to pay for goods at the point of sale.

The service monetizes its features by charging a $2 flat fee per transaction, with an upper purchase cap of $150 the reason for this charges is to limit any exposure to Bitcoin abuse.

Finally, POSaBIT means Washington is involved in the footsteps of neighboring Oregon, which gained a
sanctioned Bitcoin-based cannabis purchasing solution from First Bitcoin Capital last October.
Read More »

Bitcoin Unlimited:Bitcoin Price Increases to $1,115 as of Today

Bitcoin mining tricks

Johntechservice previously reported that Bitcoin price reduced to $926 due to hard fork contingency and the likelihood of Bitcoin Unlimited being forked by its closed group of developers. 


Bitcoin price bounced back to $1,115 in the early morning of March 22, 2017.

Also Read:Bitcoin Price Increasingly Gettting Higher and Stronger

Immediately after Bitcoin recovered back to the $1,115 margin, it still went down to $1,010, due to the situations surrounding the execution of the Bitcoin Unlimited hard fork. Because of the possibility of Bitcoin Unlimited creating a split chains and two tokens of the Bitcoin network, both investors and traders worry that the introduction of BTU (Bitcoin Unlimited token) will lead to the decline of Bitcoin price very soon.

Bitcoin Unlimited Bug & Patch


The entire market, including the Bitcoin community, miners, developers and businesses are focused on the development of the block size debate and the progression of Bitcoin Unlimited.

Bitcoin miners in China are starting to show their strong support towards Bitcoin Unlimited with the fear that off-chain transactions made by innovative solutions such as Lightning will decrease
their revenues.

Although the miner profitability issue was already addressed by experts including BitGo engineer
Jameson Lopp, miners in China are still concerned
that the reduction of on-chain transactions will lead
to lessened miner revenue.

This concept emerged due to some of the miners’ failure in understanding that SegWit is, in fact, a real and actual scalability solution which can expand bitcoin block size by up to 3.7 times.

Earlier today, Bitcoin Unlimited bug was discovered by its developers. As a temporary response, Bitcoin Unlimited developers released a closed-source code
in order to prevent the bug from affecting miners and
node operators.

Source: Cointelegraph
Read More »

18/03/2017

Ethereum: Ethereum Price Increased Due to These Factors

Factors behind Ethereum current price increase

What is Ethereum
Cointelegraph.com

Most top altcoins have experienced a positive increase within the last couple of days. Aside an increasing altcoin scene, Bitcoin has reduced to a record low in terms of its share of the cryptocurrencies market, which is just 70.5 percent as of Friday.

There seems to be no pattern, though, in price movements among the top cryptocurrencies.

Ethereum price increase may have collided with some developments and partnership in their community.

Roman Mandeleil the founder and CEO of ether.camp however thinks that the rise in Ethereum value is more of a reflection of industry adoption.

Mandeleil says:
“I don't think any specific development is the cause of the rise in the price of Ethereum. In my opinion, the increase in price is a reflection of increased adoption of the technology in the industry for Bitcoin development.”

Mandeleil says Ethereum Harmony is capable of providing full support and provisioning the full state of the smart contract and can also be used by developers to see the inside of Ethereum and make sure the network works as expected.

As the cryptocurrency industry increases and new users rushes into the ecosystem, price becomes less active. This is due to the fact that movements in price, especially in the upward pattern as observed lately, does not depend on isolated
events.

Most cryptocurrencies show increased price movements mainly because new users are entering into the ecosystem, therefore, use case scenarios are on the increase which automatically creates demand for the cryptos and subsequent increase in value.
Read More »

14/03/2017

Bitcoin Price Increasingly Gettting Higher and Stronger

Bitcoin Price Increasingly Gettting Higher and Stronger

Bitcoin latest news
Cointelegralh

The Winklevoss twins’ Bitcoin ETF COIN which was disapproved by the US Securities and Exchange Commission on March 10  price was recovered almost immediately thereafter, stabilizing at $1,225.

Today, the Bitcoin price reached $1,257 at its peak on most major Bitcoin exchanges including
Bitstamp, Kraken and Bitfinex, taking a step closer towards hitting 2017’s year-to-date (YTD) high of $1,290, which was achieved days before the disapproval of the Bitcoin ETF.

Optimistic analysis from leading financial institutions including Bloomberg led investors to believe that the COIN ETF will most likely be
approved, as previously reported by Johntechservice.

The market however, is beginning to become more stable as Bitcoin grows as a technology and a financial network.
Read More »
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