Monthly Archives: December 2018

A Cashless Society – Utopia or Dystopia?

From Stockholm to New York, major global hubs are ditching cash for cards. As contactless payment devices including smartphones and smartwatches proliferate, hard currency is falling out of favor. But for all the convenience that touch payments bring, the cashless transition has major ramifications for the most underserved segments of society. Also read: Russian Marketplace Allows Users to Sell Items Priced in Cryptocurrency Cash Is No Longer King On June 1, 2018, shoppers across the U.K. discovered that their Visa cards had inexplicably stopped working. Queues formed at […]

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Mining Difficulty Records Second-Largest Drop in History as Bitcoin Price Hovers Below $4,000

The price of Bitcoin dropped below the $3,800 level on several exchanges on Monday, December 3, while the general pessimistic sentiment on the market reflected in declining Bitcoin’s network difficulty, which earlier today fell by more than 15 percent following the regular adjustment. The 275th Bitcoin mining period has started with block 552,384. ⛏ New […] Powered by WPeMatico

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Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment

As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime. The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.1 percent. Just over two weeks later, the network would experience its most significant difficulty decrease, falling by 18 percent on November 1, 2011. Now, on December 3, 2018, the network’s mining difficulty has […]

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Introduction to What has Government Done to Our Money ~ Bitcoin to the Max

Rothbard boils down the Austrian theory to its essentials. The book also made huge theoretical advances. Just as importantly, it is beautifully written. He tells a thrilling story because he loves the subject so much. Max simply replaces the word “gold” with “Bitcoin” showing how Rothbard has predicted all major events of Bitcoin in 1963. Get the free pdf and audio book thanks to the Mises Institute. https://mises.org/library/what-has-government-done-our-money Get early access to Bitcoin to the Max by supporting the channel on https://tallyco.in/HillebrandMax https://patreon.com/wcn Read Rothbard, Use Bitcoin […]

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Organized Crime Goes Digital With the Blockchain-Based ‘Mafia Wars’ Game

Over the last couple of years, blockchain-based gaming has become more popular with collectible games like “Spells of Genesis.” One peer-to-peer game, “Mafia Wars,” is a blockchain-themed tournament based on well-known organized crime families from the 1920s. Also read: Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process The Five Families of New York A Counterparty-based game called “Mafia Wars” launched this past summer that allows online gamers the ability to become crime bosses from one of five families. The game is similar to other blockchain-based […]

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This Year’s G20 Put an Emphasis on Cryptocurrency Regulation

Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1. International government officials, as well as some of the world’s largest corporations including Bank of America, Inter-American Development Bank, the World Trade Organization and the World Health Organization, gathered to discuss topics ranging from infrastructural development to sustainable food sourcing. Among the topics examined at the summit included the creation of an open and […]

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Breaking Whale Alert: $257 Million Worth of BTC Were Sent From an Inactive Address

A Couple of minutes ago, one of the top 20 wealthiest Bitcoin addresses had sent an enormous amount of 66,233, worth a little more than $257 Million. This address hadn’t been active since 2014. The destination is unknown as writing these lines. It’s most likely an OTC address since such huge amounts can dump markets easily. The amount of Bitcoins that were sent is even higher than the last day’s trading volume of Binance – $205 Million and Bitfinex $155 Million. The following is a screenshot taken […]

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Australia’s Financial Regulator Grants License to Bitcoin Exchange Coinzoom

Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the buying and selling of BTC, BCH and XRP. Also read: Report: Bitcoin Mining Doesn’t Fuel Climate Change, it Benefits the Global Economy Complying With KYC/AML Requirements “Being fully registered … is an important step in our goal to […]

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New FINMA FinTech License Will Allow Swiss Crypto Startups to Handle Up To $100 Million

The Swiss Financial Market Supervisory Authority (FINMA) has announced on Monday, December 3, that local blockchain and cryptocurrency startups can now apply for a new fintech license that would allow them to handle deposits of up to 100 million CHF ($100 million), just like traditional banks. According to the official announcement, starting from January 1, […] Powered by WPeMatico

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Trading Platform Paxful Completes Construction for Second School in Rwanda

Children in the Rwandan village of Kasebigege are being given a greater chance to pursue a sound education as construction on a new school, developed by bitcoin marketplace Paxful, has been completed. Located in the Bugesera District, the school is a primary institution designed for children between the ages of 6 and 15. It’s Paxful’s second Philanthropic endeavor in the village, and construction was finished roughly one year after the company built a nursery education center in December 2017. In an interview with Bitcoin Magazine, Ray Youssef […]

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