Author Archives: David

Analyst: Strong U.S. Dollar Hurting Cryptocurrency

Bitcoin (BTC)–While most of the cryptomarkets and its investor base scramble to find the cause over the recent bottoming-out in the market, which has made only a modest recovery in the past few days, one analyst has an interesting take on the falling price of Bitcoin and altcoins: a strengthening U.S. Dollar. Since the start of August, the cryptocurrency market has been experiencing a roller coaster ride in terms of volatility. While the end of July seemingly signaled a recovery in the market, and possibly a bullish […]

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Coinbase Seeks Patent for Security-Enhanced Bitcoin Payment System

U.S.-based digital currency exchange Coinbase has filed a patent on a new Bitcoin payment system designed to make cryptocurrency payments safer. The new platform will provide an added layer of security for users’ keys and allow them to make Bitcoin payments directly from their digital wallets. A segment of the patent filing states, “It may be a security concern for users that the private keys of their Bitcoin addresses may be stolen from their wallets. Existing systems do not provide a solution for maintaining security over private […]

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Monero (XMR) Coinhive Miner Rakes In Over $120,000 A Month

Many individuals fall under the false impression that crypto mining operations are solely operated by large corporations with data centers that can be likened to a mansion. However, this is far from the case, as there are methods of mining that can be used to garner cryptocurrencies, like Monero, through any old computer system. Image from Marco Verch One such method is through Coinhive, which is a Javascript-based miner that is often situated on sites across the web. For those who are unaware, Coinhive, which was released in […]

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Norwegian Mining Company Receives Bomb Threat in Escalating Noise Complaint

Kryptovault, a Norwegian company specializing in “large-scale cryptocurrency mining and data center operations,” has recently received a bomb threat amid escalating noise complaints pertaining to its virtual currency mining. Also Read: Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners Norwegian Cloud Mining Company Receives Bomb Threat Norwegian mining and data center company, Kryptovault, has reportedly received a bomb threat amid intensifying complaints of noise pollution. Kryptovault currently operates facilities in the Norwegian cities of Follum, Honefuss, and Dale. The threat received stated: “This is sabotage. If you […]

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Dutch Trader Loses Reclamation Suit Against Banks That Froze His Accounts

In November 2016, a Dutch cryptotrader tried to buy his first 10 bitcoin, first using funds from his ING bank and later from ABN Amro. Both banks denied the transactions. He subsequently filed a complaint with Kifid (Financial Services Complaints Institute), a resource that mediates between consumers and small businesses when there are complaints about financial products or services. According to the complaint, the banks claimed the man’s transactions were denied due to fraud prevention measures. It argued, however, that fraud prevention isn’t the reason why ING […]

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[promoted] Equity Trust Forges a New Path for Crypto-Based IRA Investments

Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings. One company with a strong foothold in this investment space is Equity Trust, a financial services company that allows individual investors to diversify their retirement investment portfolios through asset class options like private equity, precious metals, tax liens and real estate […]

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Artist Ai Weiwei Uses Ethereum to Make Art About ‘Value’

Chinese artist and activist Ai Weiwei has partnered on a new art project that utilizes a pair of newly-minted ethereum-based tokens. Motherboard reported Friday that Ai – well-known for his criticism of China’s Communist government as well as his art installations and photos – is working with Irish conceptual artist Kevin Abosch. Together, Ai and Abosch have created two new tokens, freely distributable, in an effort to (as they describe it) illustrate how worth is perceived and imbued within modern society. And it’s an area that Abosch […]

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How a Tokyo FOMO Family Invested in Bitcoin and Lost

There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending. Every month the household was using up their entire revenue and they couldn’t pay the tuition for their daughters’ private school and high schools. That’s when bitcoin came into their lives. Also read: The Psychology of the Cryptocurrency FOMO-FUD Cycle Has Been Weaponized Tokyo Bay 60 […]

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Russian Vnesheconombank Refutes Reports on Launch of Crypto Exchange in Partnership with Huobi Group

Russia’s state development bank Vnesheconombank, also known as VEB, confirmed partnership with Chinese Huobi Group, operator of the world’s third largest cryptocurrency exchange by daily trading volume, however stressed that this collaboration does not provide for any trading platform initiatives. Citing the bank’s press office, local publication Insider.pro says that the organization’s Center for Digital […] Powered by WPeMatico

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This week in Bitcoin- 8-17-2018- Simon Dixon!

Philadelphia, PA- This week in Bitcoin may start at 1:30PM EST. A delay is possible though. I flew out here on a red eye from LA and I am catching up on life. Stay tuned. The show must go on. Deferral of gratification! SImon Dixon- https://twitter.com/SimonDixonTwitt August 18, 2018- Philadelphia- Use code: bitcoinmeister45 for a $45 ticket price- http://www.cryptocoincon.com/ Thursday’s show- https://www.youtube.com/watch?v=pIAMcq-dIKg Wednesday’s show- https://www.youtube.com/watch?v=146oum_PVWI Tuesday’s show- https://www.youtube.com/watch?v=NIR1teRym9Y Monday’s show- https://www.youtube.com/watch?v=_POAYcpvPZA Sunday’s show- https://www.youtube.com/watch?v=7pNW7Hxy1Zs Saturday’s show- https://www.youtube.com/watch?v=7wyOIJMEVpE Friday’s This week in Bitcoin Show- https://www.youtube.com/watch?v=8e2n2LHgw_I Thursday’s show- https://www.youtube.com/watch?v=tCEtpx7rt1w […]

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