Monthly Archives: May 2018

Cryptocurrency Bets Surge at Kentucky Derby

Betting with cryptocurrencies has grown significantly, including at the most famous US horse race, the Kentucky Derby. Using them to place bets on some of the web’s largest sportsbooks yields a number of benefits such as no fees and more frequent withdrawals. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rising Trend of Crypto Bets International online horse racing news service US Racing recently reported “a non-insignificant trend in cryptocurrency being used to place wagers on the Kentucky Derby,” which is taking place at Churchill Downs […]

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How to Create a Bitcoin Paper Wallet or Paper Bill

Bitcoin might be digital but it’s equally suited to being stored and shared in the analogue world. Whether you’re looking for a way to safely store your coins, to issue paper bills that are made out to a specific bitcoin address and amount, paper is your friend. A printer and a little know-how is all it takes. Also read: The Idiot-Proof Vault: A Simple Cold Storage Guide Why Create a Paper Wallet? Exchange accounts can be hacked, mobile wallets breached, and smartphones lost, stolen or destroyed. But paper? […]

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Bulls Taking Over: Total Market Cap of Cryptocurrencies Reaching $500 Billion

The global-market capitalization combined from all cryptocurrencies circulating around in the market is heading, while getting very close, to the big $500 billion. The same level was felt briefly back mid-March when there was an attempt of cryptos to reverse the major losses experienced beginning of the year.   Source: coinmarketcap Trading volumes, after rising above $25 billion, are fluctuating between that and $30 bln. Being led by OKEx at a total of $2.5 billion, followed by Binance at $2.2 billion and then Huobi $1.7 billion. Bitcoin’s […]

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Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms

State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1% of Business CIOs are Actually Using ”Blockchain” Technology Venezuela’s President Creates Crypto Funded Youth Bank Embattled Venezuelan president Nicolás Maduro, ahead of a contentious May 20 national election, has launched a ‘youth bank,’ funded by the state-backed […]

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Another Indian Company Challenges Ban on Crypto Banking

RBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons for the imposed restrictions. Also read: Indian Investors Flock to Trade Crypto Ahead of RBI Ban RBI’s Ban Faces another Challenge An Indian crypto trading company has raised another challenge to the […]

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Bitcoin Magazine’s Week in Review: Putting Blockchain Tech on the Map

The Lightning Network continues to make news and Bitcoin Magazine’s latest cover story looks at what the future might hold for the innovative technology. Also new this week, BTC Media’s highly anticipated 2018 “Map of the Blockchain/Crypto Ecosystem” was also unveiled. It’s full of creative visual treats highlighting the state of the sector and it’s explosive growth. Developing interest and commitment to blockchain technology is also continuing to grow around the world. In the Middle East, the Mobility Open Blockchain Initiative (MOBI) was announced at the Dubai-hosted […]

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With Over 40% Rise, Zilliqa (ZIL) Surpasses Top 10 Coins

Although it maintains its 31st position in the coin market, a position it just reached this week, Zilliqa (ZIL), dubbed the “world’s first high-throughput public blockchain platform”, is receiving accolades from the cryptocurrency space for its unwavering stand in the face of tribulations and attacks. Zilliqa, with many coins falling as if it is wartime, continues to gain value in the market surging with 40% without any noticed sign of nose-diving. This percentage is not known with any top 10 coins as of today, and as far […]

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Verge (XVG) Listed On Bitbns and Gate.io Days After Bitfinex Listing

The last one week has been an eventful one for Verge (XVG). Four days ago, the Bitfinex exchange announced that it would be trading XVG on its platform. The coin is now tradable against BTC, ETH, USD, BGP, EURO and JPY on the platform. Bitfinex is one of the largest trading platforms in terms of daily trade volume. It is ranked 5th with respect to exchanges that charge trading fees with a daily trade volume of $959.93 Million at the moment of writing this. When ranked against […]

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South Korea To Soon Legalize ICOs as Bitcoin (BTC) Rushes Towards $10,000

The markets are on a steady rise to the much anticipated $500 Billion total market capitalization. Bitcoin (BTC) is a few dollars shy of the $10,000 mark and is currently trading at $9,948 and up 2.6% in 24 hours on this find Saturday. Ethereum (ETH) is also up and by 3.51% and currently trading at $825 at the moment of writing this. Ripple (XRP) is a few cents shy of the $1 mark and currently trading at $0.916. Bitcoin Cash (BCH) is silently doing wonders as it […]

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Everyone in This Village Now Owns Cryptocurrency

In a small village in Ukraine, all residents are now owners of cryptocurrency, thanks to an initiative by the head of the village council. Cryptocurrencies, such as bitcoin and ether, can also be used in the village to purchase items such as eggs, lard, meat, and milk. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space All Residents Own Crypto In the Ukrainian village of Elizavetovka of the Petrykivsky district in the Dnipropetrovsk region, all residents reportedly now own some crypto, according to local media. At a recent […]

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