Bitcoin Trades for a Premium in Hong Kong During Protests

Bitcoin Trades for a Premium in Hong Kong During Protests

Right now, thousands of citizens from Hong Kong are protesting certain leaders and opposing a proposed extradition law. Alongside the protests, the country’s political issues are reportedly pushing wealthy Hong Kong residents to move their capital offshore. Since last week, the price of bitcoin core (BTC) has gained a premium in Hong Kong as the digital asset has been trading between $75-150 higher than the global average.

Also Read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash

Political and Economic Unrest in Hong Kong Spurs Capital Movement Offshore

Tens of thousands of Hong Kong protestors have filled the streets of downtown Victoria Park and started marching toward government buildings on Sunday, June 16. The crowds of people dressed in black have been chanting things like “resign” and “withdraw” due to their hatred for the proposed extradition law. The ruling would basically allow Chinese authorities to come in and extradite any Hong Kong citizen to mainland China if they are accused of a crime. It all started in 1997 after Beijing took over and promised to keep Hong Kong’s government intact under “one country, two systems.” Before 1997, Hong Kong was a British dependent territory but the sovereignty over Hong Kong was transferred to China. Everything was fine up until 2014 when pro-democracy protests called the Umbrella Movement stirred the Chinese government and things have never been the same since.

Bitcoin Trades for a Premium in Hong Kong During Protests
Sunday’s protest in Hong Kong was one of the largest turnouts so far.

Crypto proponents believe the current political strife will push more people toward decentralized assets. The protesters demand that Chief Executive Carrie Lam resigns and withdraw her plans to initiate the extradition law. “Our demands are simple. Carrie Lam must leave office, the extradition law must be withdrawn and the police must apologize for using extreme violence against their own people,” John Chow a Hong Kong-based banker, told press on Sunday. Additionally, a few days ago, Reuters reported that wealthy Hong Kong residents have started moving funds offshore to escape possible economic turmoil.

“Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions,” Reuters explained on June 14. One specific tycoon who wished to be unnamed revealed that the capital outflow has “started,” adding:

We’re hearing others are doing it, too, but no-one is going to go on parade that they are leaving — The fear is that the bar is coming right down on Beijing’s ability to get your assets in Hong Kong. Singapore is the favored destination.

Bitcoin Trades for a Premium in Hong Kong During Protests
The reason Hong Kong tycoons are moving money is because if the bill becomes law, Chinese courts can request Hong Kong courts to freeze and confiscate assets related to crimes committed in mainland China.

The BTC/HKD Premium

In addition to the wealthy individuals moving capital, crypto enthusiasts have noticed a premium on BTC growing larger in Hong Kong. For instance, over the last few days on the cryptocurrency exchange Tidebit, the price of BTC has been $75-150 higher than the global average. At the time of writing, 1 BTC is currently 73,100 HKD or US$9,337 in Hong Kong which is more than $100 higher than the Bitstamp price at $9,230. Speculators believe the unrest in Hong Kong has sparked some flow into bitcoin so people can hedge against uncertainty. Other exchanges such as Bitpoint and Liquid show similar BTC/HKD premiums as well.

Bitcoin Trades for a Premium in Hong Kong During Protests buyers in Hong Kong looking for bitcoin cash (BCH).

There’s also been some demand in Hong Kong for bitcoin cash (BCH) on as there are buyers looking to purchase BCH in person for cash and alternative payment methods as well. On the data aggregation website Coin Dance, BTC/HKD volumes have been rising week after week on Paxful as well. It’s difficult to say how the Hong Kong government will handle the large protests and whether more money will flow into the crypto economy. As of right now, Hong Kong is not China and they are still two very distinct systems but many citizens fear that some day that will change.

What do you think about the recent political and economic climate in Hong Kong? Do you think the unrest will push more people into seeking out cryptocurrencies? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Pixabay, Getty, Merlin, and Twitter.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH, and other coins, on our market charts at Markets, another original and free service from

The post Bitcoin Trades for a Premium in Hong Kong During Protests appeared first on Bitcoin News.


Crypto Cards Expand and a Futuristic Promotion in the Weekly Update From

Crypto debit cards supporting bitcoin cash expand their international reach and a platform offers shopping at Walmart using BCH. Watch these and other developments discussed in this week’s video update on’s Youtube channel, and get a chance to take part in a futuristic promotion.

Also Read: What Makes Slovenia a Cryptocurrency Adoption Leader – Mini-Documentary

Futuristic Promotion in the Weekly Video Update

This week’s show features a number of technological and businesses developments that make bitcoin cash payments more accessible around the world. These include Coinbase expanding its Visa debit card service to six new European markets, allowing its users from these countries to spend BCH from their accounts to pay in millions of locations where Visa is accepted, as well as to make fiat cash withdrawals from ATMs.

The show also provides an update on, the privacy-focused peer to peer global marketplace for trading bitcoin cash (BCH) which was officially launched on June 4. Over 14,000 people have already signed up to the service and created thousands of active orders. Additional topics cover Coinex exchange listing the SLP token honestcoin (USDH), a stablecoin issued on the Bitcoin Cash network backed 1-to-1 for USD, Cointext integration into Electron Cash allowing users to send BCH to any phone with SMS messaging capabilities, and the Alagoria platform which lets you buy items sold by Home Depot and Walmart using BCH and get a 10% discount.

The weekly update also features a promo code to the Blockchain Futurist Conference 2019, taking place August 12-14 in Toronto, Canada. Starting this Monday, you can save 50% off the price of tickets when paying with bitcoin cash and using the code shown in the video. will take part in this event as a sponsor, with a special video presentation from Roger Ver.

Make sure to subscribe to the Youtube channel and leave a comment on the latest video.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Markets, another original and free service from

The post Crypto Cards Expand and a Futuristic Promotion in the Weekly Update From appeared first on Bitcoin News.


VPN Providers Defy Order to Connect to Russia’s Internet Censor

VPN Providers Defy Order to Connect to Russia’s Internet Sensor

Russian regulators have once again moved to expand oversight of the online space in an attempt to ensure compliance with various restrictions Moscow is trying to impose. But as in other cases, their efforts have been met with resistance. Over a dozen VPN platforms, popular among crypto enthusiasts and other privacy-conscious users, have refused to join the state-run system for blocking banned websites. Some of them have already announced they are moving abroad. The game of cat and mouse continues, with Roskomnadzor vowing to block nine of the refusers within a month.

Also read: Russian Prosecutors Fail to Block Crypto Website

VPN Services Move Out of Country

In March this year, the Federal Service for Supervision of Communications, Information Technology, and Mass Media, Roskomnadzor, demanded from 10 VPN service providers to connect to the Federal State Information System (FSIS). The register keeps information about websites, the access to which has been restricted after they were blacklisted by Russian authorities. Roskomnadzor wants to confirm the VPN services do not allow their subscribers to access these sites.

The telecom watchdog sent out notices to Tor Guard, Vypr VPN, Open VPN, Nord VPN, VPN Unlimited, IP Vanish, Hide My Ass!, Hola VPN, Express VPN, and Kaspersky Secure Connection. Seven companies have refused to collaborate, including four that have moved their servers out of the country, and another two have not responded at all. Six more platforms, which have not been notified by the agency, also indicated they won’t connect to the FSIS. So far, only Kaspersky has agreed to cooperate.

VPN Providers Defy Order to Connect to Russia’s Internet Censor

Alexander Zharov, head of Roskomnadzor, stated last week that nine VPN platforms which have not fulfilled the watchdog’s requirements, may be blocked within a month for not complying with the law that prohibits the provision of services facilitating the bypassing of government restrictions. “It seems Roskomnadzor has recently compiled a second list of VPNs and asked them to filter traffic,” Sarkis Darbinyan, lead legal expert at Roskomsvoboda, a Russian NGO fighting internet censorship, told

Darbinyan also shared that another provider, Avast Secureline VPN, has just announced it’s withdrawing from the country in connection with Roskomnadzor’s actions. The company believes compliance with such requirements would violate its own principles and the right to freedom of the Internet. And because it won’t be in a position to bring any benefit to its Russian users, Avast informed them they will not be able to renew their subscriptions in the future.

The Battle for the Runet

A database maintained by Roskomsvoboda contains over 173,000 websites, forums, messengers, news outlets and other online platforms that have been banned at some point. The restrictions have been mandated by various state institutions including several government agencies, ministries and the Prosecutor’s Office. Many of them are still offline but some, like the crypto exchange aggregator, have been taken out of the blacklist.

VPN Providers Defy Order to Connect to Russia’s Internet Censor

Another encouraging example comes from the case with the blocking of a VPN service provider called The platform was taken offline by a ruling of a regional court in the Russian Mari El Republic in 2017. The owner of the website sought help from Roskomsvoboda and in May of this year, the organization’s legal team managed to successfully challenge the court’s decision.

Sarkis Darbinyan noted that Russian judicial authorities did not dig deep enough into how VPN technologies work and the lawyers were able to identify many procedural violations. This led to the cancellation of the original ruling and the unblocking of by Roskomnadzor. However, “this battle is not over yet, so we will continue to fight for the rights of Russian users to VPNs and to protect companies that provide such secure and safe services,” Darbinyan commented.

VPN Providers Defy Order to Connect to Russia’s Internet Censor

According to amendments made to the Federal Law “On Information, Information Technologies and Information Protection” in late 2017, VPN providers and anonymizers are expected to register with Roskomnadzor and connect to the FSIS within 30 working days. One of their key obligations is to limit access to internet resources that are banned in the Russian Federation.

The same applies to search engines and the Russian internet companies Yandex, Sputnik,, and Rambler have already complied. Earlier this year, Google was sanctioned for failing to meet this requirement. Roskomnadzor now claims the internet giant has already paid the 500,000 ruble (approximately $8,000) fine imposed by a Russian court and is now filtering searches in accordance with the FSIS rules.

Roskomnadzor’s Next Move

If Russian regulators find that the law has been breached, they may adopt a decision to restrict access to the VPN providers who have violated its provisions. Roskomnadzor is now expected to take measures aimed at blocking the VPN services which have refused to comply with its requirements as well as those that have not replied to its notices. It remains unclear, however, what the watchdog’s next step will be.

Various approaches have been employed in the past regarding other non-compliant companies. For example, it took the watchdog almost a year to act against Telegram, the messenger founded by the Russian-born entrepreneur Pavel Durov, which enjoys great popularity in the crypto community. Other messaging platforms such as Blackberry, Imo and Line were banned much faster.

VPN Providers Defy Order to Connect to Russia’s Internet Censor

“It does not look like Roskomnadzor and Russian ISPs [Internet service providers] are really technically ready to block VPNs. For sure, they can block websites where users can download apps. That’s the easiest thing to do. But they absolutely cannot make Apple and Google remove a mobile app. Of course, the most difficult thing for them would be to actually block an application and break connectivity with the servers of these operators. And they understand it,” said Darbinyan. The activist added that this will become a huge problem for Russian regulators after the epic failure to block Telegram.

Government agencies are now trying to improve their blocking capabilities. “The Main Radio Frequency Center, an entity subordinated to Roskomnadzor, requested in March the development of an automated blocking system. It should be available by December 2019. The system will monitor how search engines, VPN services, proxy servers and anonymizers comply with the requirements of Federal Law № 276-ФЗ [the one that affects VPNs]. Maybe after supplying learning DPI [Deep Packet Inspection] tools to all ISPs to recognize VPN traffic by patterns, they will be more effective,” Roskomsvoboda’s representative pointed out. “It looks like it is going to be a long game of cat and mouse,” Sarkis Darbinyan said and elaborated:

Let me remind that most of the VPN services that have received notifications from Roskomnadzor already have a fairly rich experience in working in China and bypassing the Great Firewall. So they can easily adapt to work in Russia in these new circumstances.

The implementation of advanced technical means to control the Russian online space is part of package of measures introduced with the new “Digital Economy National Program” legislation, also known as the Runet law. It was adopted in April by the State Duma, the lower house of Russia’s parliament, and according to its sponsors, its goal is to protect the Russian segment of the Internet from external threats turning it into a “sovereign” space. Critics say it will not only limit internet freedom but also affect negatively many businesses that rely on the World Wide Web, including crypto platforms.

As reported, some of the law’s key provisions include the building of a system that will channel Russian internet traffic through government-controlled routing points as well as granting unlimited powers to Roskomnadzor – the agency will be able to cut off non-complying internet providers at will. It’s been estimated that the system will draw more than 30 billion rubles (almost $500 million) from the state budget, an amount that has raised some eyebrows. But, financial costs and security concerns aside, the question many Russians are asking themselves is if the Runet will after all remain ‘Internet’.

Are you using a VPN service? What’s your opinion about Moscow’s requirements toward VPN providers? Share your thoughts on the subject in the comments section below.

Images courtesy of Shutterstock.

Express yourself freely at’s user forums. We don’t censor on political grounds. Check

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Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k

The Bitcoin network hash rate has reached a new all-time high (ATH) as the BTC price reclaimed $9,000.

Bitcoin Hash Rate at ATH

Data from shows that the Bitcoin network hash rate – the computing power required for securing the network – topped 62 quintillion hashes per second (62 million tera hashes per second – TH/s) this past Friday.

Bitcoin Hash Rate ATH

This figure represents the highest ever hash rate value recorded on the network with the previous record being 61.9 million TH/s achieved in late August 2018.

The network achieving a new hash rate ATH is in keeping with the trend observed at the start of 2019, with the figures steadily increasing over every 7-day average period.

More mining nodes are active on the network creating greater security by reducing the possibility of malicious attacks on the blockchain. The 51% attack on Bitcoin Cash put in stark relief, the dangers of low hash rate figures in a blockchain network.

Reaching a new hash rate ATH also likely delivers a final blow to any talk of mining capitulation that emerged when the hash rate fell by more than 45% in December.

Fundamentals Continue to Reinforce Bull Market Narrative

The network hash rate is but one of many core fundamentals that are currently enjoying positive growth trends. Bitcoin’s active daily addresses are back above 1 million.

The increased daily doesn’t seem to have materially impacted transactions fees as the mean transaction charge is somewhere around $1.33. Using wallets with robust fee calculation figures even provide much lower fees.

While the network hash rate was setting a new ATH, the spot price for Bitcoin went on another assault at the $9,000 price level. Bitcoin did temporarily cross $9,300 setting a new 1-year high for the top-ranked cryptocurrency.

As pointed out by Mati Greenspan, Senior Market Analyst at eToro, network fundamentals are the best indicators of BTC price movements. And true to form, this latest price surge also happened as network activity reached new ATHs.

Bitcoin reclaims $9k

Bitcoin is currently before off price-wise than it was at its previous hash rate ATH when BTC was trading at $6,700. In all, Bitcoin is up by almost 150 percent since the start of 2019 and has now added more than doubled its market price since the beginning of April alone.

What is your end of year Bitcoin price forecast given the current positive trajectory of the network fundamentals? Let us know in the comments below.

Images via, Twitter @kerooke, and Tradingview.

The post Bitcoin Hash Rate Sets New All-Time High as Price Reclaims $9k appeared first on

Source: Bitcoininst

The Analyst Who Predicted BItcoin’s Bottom & Current Price Says $16K In October

An anonymous analyst, who has already successfully predicted that Bitcoin would reach $9,200 by July 2019, now believes that Bitcoin will reach $16,000 by October 2019. The analyst had nailed his prediction that BTC would reach $9,200 by July 2019 after posting his analysis back in January 2019;

The analyst starts by stating that we are already in a bull market – but bear in mind that he had posted this on 01/21/19 – so he had already noticed the bull market forming very early in the year. He went on to state that we are in the last 3 months of accumulation – this would have been January, February, and March – and after this, we should see Bitcoin slowly rise and then boom.

Well, it seems that so far, his prediction is pretty accurate. We did reverse the previously bearish market during mid-December 2018 and began the bullish market as he had formulated his analysis post. We then went on to see 3 months of accumulation during January, February, and March until Bitcoin started to pop in April and continue to rise higher.

The last part of his analysis stated that after the slow rise we would see a “boom”. It seems that the boom may be about to start as Bitcoin has already reached the analyst first two predictions of $5,300 by April 2019 and $9,200 by July 2019.

Bitcoin At $16,000 By October 2019

His next prediction is that Bitcoin will reach a total of $16,000 by October 2019. This is a bit of an extreme prediction which will require the bullish market to continue throughout the rest of the summer. Bitcoin will need to increase by a total of 72% from the current price to reach the $16,000 target level by October. Considering the fact that Bitcoin has surged by a total of 127% over the past 3 months alone, it is not too outlandish to suggest that it can continue to reach $16,000 by surging another 72%.

Taking a quick look at the long term Bitcoin chart above, we can see that the last time that Bitcoin was at the $10,000 level was during January 2018, when it was actually plummeting. For the cryptocurrency to reach the target level, it will need to overcome some serious resistance at $10,000, $12,000, $13,000 and $15,000.

We can also see that during March 2019, price action had managed to break above a long term bearish trend line which had marked the end of the previous bearish cycle and the start of the new bullish run. Bitcoin had then gone on to create a high above $6,200 which had officially marked (by traditional financial market definitions) the start of the bull period as price action had risen 2x from the December 2018 bottom at around $3,100.

This anonymous analyst’s predictions, that were posted in early January, have played out remarkably accurately which can lead to us to grant some form of credibility to his future analysis. However, the analyst does get a bit extreme for his 2020 predictions as he believes Bitcoin will reach $56,000 by July 2020 and $87,000 by November 2020.

Whichever way it plays out, the analyst has certainly done a very good job so far with his predictions.

The post The Analyst Who Predicted BItcoin’s Bottom & Current Price Says $16K In October appeared first on CryptoPotato.

Source: Crypto Potato

Litecoin Price Analysis: LTC Maintains $130 Amid Rising Bitcoin. What’s Next?

Litecoin has stalled slightly at the $140 level over the past couple of days marking a slight increase of 0.14% in the past 24 hours. The cryptocurrency surged 17% over the past week which brought it up to the $140 resistance level.

Litecion is currently the 4th largest cryptocurrency, sitting on a market cap of about $8.45 billion. Litecoin saw on an epic run as traders load up on the coin in anticipation for the scheduled block halving in about 50 days. The cryptocurrency increased by 122% over the past 3 months as people start to increase their holdings.

Looking at the LTC/USD 1-Day Chart:

  • Since our previous Litecoin analysis, we can see that Litecoin couldn’t surge past the $140 level and had dropped into support at the $130 level. LTCUSD went on to rebound from here but has still struggled to make any movement above the $140 resistance.
  • From above: The nearest level of resistance above $140 lies at $145.76 which contains a long term bearish .786 Fibonacci Retracement level. Above this, higher resistance lies at $150, $155 and $161 – where lies the bearish .886 Fib Retracement. Above this, resistance is found at $170, $180, and $185.
  • From below: The nearest level of support now lies at $130. Beneath this, further support is located at $122, $119, $110 and $100. Beneath $100, support is found at $97.18, $90 and $87.81.
  • The trading volume has continued to remain consistently high.
  • The Stochastic RSI has recently reached overbought conditions and has produced a bearish crossover signal which suggests that the market may be ready to retrace briefly.


Looking at the LTC/BTC 1-Day Chart:

  • Against Bitcoin, we can see that LTC has fallen from the 0.01731 BTC resistance level and has found support around the 0.01443 BTC level – where lies the short term .5 Fib Retracement.
  • From above: The nearest level of resistance now lies at 0.015 BTC. Above this, higher resistance lies at 0.0155 BTC, 0.016 BTC, 0.0165 BTC, and 0.01730 BTC. If the bulls can break above 0.017 BTC, further resistance is found at 0.018 BTC, 0.01860 BTC, and 0.019 BTC.
  • From below: The nearest level of support lies at 0.0144 BTC. Beneath this, further support lies at 0.014 BTC, 0.013643 BTC, and 0.0135 BTC. If the selling continues beneath 0.0135 BTC, further support lies at 0.013 BTC and 0.0125 BTC.
  • The trading volume has been very high since reversing from the 0.017 BTC resistance level.
  • The Stochastic RSI has recently dropped from overbought conditions and is now approaching oversold conditions which may suggest the recent pullback is ready to stop.


The post Litecoin Price Analysis: LTC Maintains $130 Amid Rising Bitcoin. What’s Next? appeared first on CryptoPotato.

Source: Crypto Potato

Mailbag: Crowdfunding Success Stories, Crypto Wallet Tips

Q: Have there been any success stories in private equity crowdfunding? It would be nice to know there’s a pot of gold at the end of this rainbow.

A: There are plenty of success stories to be found in equity crowdfunding.

The most well-known case is Zenefits, a human resources software company. It listed on crowdfunding platform Wefunder in early 2013 and raised $372,000. In July 2013, it had a valuation of $9 million. According to The Wall Street Journal, it’s now worth $2 billion. Crowdfunders are on track to make 222X their stake in the company.

Wefunder has other big winners, including Checkr, an automated background screening and driving records company. Wefunder’s records state that Checkr has made more than a 34X return for its crowdfunders.

In fact, Wefunder says that 11 out of the 119 companies that have raised on its site are now worth more than $100 million. If you want to call them “pot of gold” companies, I won’t argue.

Wefunder’s companies also show an internal rate of return (IRR) of 41% from 2013 to 2016. (IRR is an annualized return rate that includes investments that haven’t been cashed out yet.)

That not only is much better than what the Nasdaq and Dow did during the same period but also is nearly three times better than the record of the top 25% of venture capital firms. And 81% of these crowdfunding companies are still active.

I’m citing Wefunder because it does a great job of tracking the progress of companies that have raised on its site and then making those numbers available to the public. Just this year alone, we’ve recommended two startups from Wefunder to the members of our First Stage Investor research service. But Wefunder is just one of a half-dozen portals (including MicroVentures, SeedInvest, Republic, StartEngine and Netcapital) that find high-caliber startups that want to raise money through crowdfunding. These other portals also have plenty of success stories to share.

Just recently, one of our recommendations was bought by a much bigger company at a generous markup to the price our members paid. Another has plans to list on a public exchange in the next few months. And several more have indicated to me that their price has gone up between 2X and 5X since we recommended them.

Even better, the quality of crowdfunding deals available to investors is improving, which means the potential returns are looking more and more promising. It’s still early. Yet startup crowdfunding has proven more than capable of giving investors generous returns.

And it’s only going to get better.

+ Early Investing Co-Founder Andy Gordon

Q: How do crypto wallets work? And which wallets are the safest?

A: There are five primary types of wallets that can hold cryptocurrency. There are pros and cons to each.

Hardware wallets – These physical devices are arguably the safest way to store crypto. The primary benefit of a hardware wallet is that you can disconnect it from the internet and eliminate the risk of being hacked (this is called cold storage). The primary hardware wallet brands are Ledger and Trezor, both of which put out high-quality products. Be sure you buy directly from the manufacturer to ensure you don’t get a device that has been tampered with.

Software wallets – Software wallets exist on your computer or phone. These offer a convenient way to store smaller amounts of crypto. For bitcoin, I like the Electrum Bitcoin Wallet. For Ethereum-based assets, has an excellent product. (Disclosure: We recommended to members of our First Stage Investor service.)

Exchange wallets – Crypto exchanges, such as Coinbase, offer users a convenient way to store coins. For beginners and nontechnical folks, this can be a good option. Just make sure the exchange you store with has an excellent security track record (like Coinbase).

Online wallets – and MyEtherWallet offer online wallet services. This option can be convenient but is recommended only for advanced users.

Paper wallets – A paper wallet is simply a piece of paper on which you write down your private and public keys. Be sure to make multiple copies, laminate the paper and triple-check the numbers. Some people go so far as etching their private keys into metal plates for long-term durability. Paper wallets are one of the most secure options available, as long as they are stored responsibly.

No matter which wallet solution you use, the important thing is to employ good security practices. Use strong, unique passwords for each account (especially your email and exchange accounts!). Keep written lists of passwords in two secure locations. Never click on any links or email attachments that are suspicious, and never download anything without confirming that it is legitimate.

+ Early Investing Co-Founder Adam Sharp

The post Mailbag: Crowdfunding Success Stories, Crypto Wallet Tips appeared first on Early Investing.

Source: Early Investing

What Makes Slovenia a Cryptocurrency Adoption Leader – Mini-Documentary

Slovenia has a population of just 2 million but contains more retail locations accepting bitcoin cash payments than the entire United States. What makes this small country such a cryptocurrency adoption leader? Watch the following video to find out.

Also Read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash

Slovenia: The Crypto Country

A short new documentary on’s Youtube channel highlights the thriving cryptocurrency ecosystem in Slovenia. The video features some of the places where you can pay with bitcoin cash (BCH), different Slovenian startups developing technologies for the market, as well as Roger Ver going shopping to test out the country’s now famous crypto-friendly locales.

One of the major factors in making Slovenia an international cryptocurrency adoption hub is its welcoming regulatory attitude. The documentary shows that not only is the possession of digital assets legal in Slovenia, but capital income from trading cryptocurrency is not subject to income tax for individuals.

In addition, the country’s political leadership is open and receptive to innovation, as shown in the video by the former Prime Minister Miro Cerar. All this makes the country particularly attractive to entrepreneurs in the growing digital asset industry.

Solving the Enigma

According to the documentary, the single biggest reason hundreds of Slovenian retail locations have begun accepting cryptocurrency payments is Eligma. This is the startup that developed Elipay, a transaction processing system that enables in-shop mobile purchases with BCH, BTC, ETH and its own ELI token.

The prime example of this comes from a giant shopping center called BTC City, in the Slovenian capital of Ljubljana, where many of the stores now accept cryptocurrency payments through the Elipay system. It shows that there is a growing trend for actual usage in Slovenia, as the number of Elipay wallet users already exceeds 15,000. The video also mentions that the Elipay system now accepts payments from the Wallet app, allowing the owners of the more than 4 million user-generated wallets to make in-store purchases in supporting locations.

What do you think about Slovenia being such a cryptocurrency adoption leader? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Markets, another original and free service from

The post What Makes Slovenia a Cryptocurrency Adoption Leader – Mini-Documentary appeared first on Bitcoin News.


Lucky Day: Discovered $50,000 In a Bitcoin Donations Wallet From 2012, Now Looking To Donate It

Like gold bullion that drowned in the sea, Bitcoin wallets too can disappear into the depths of the digital sea. Of the 21 million total Bitcoins, nearly 18 million have already been mined. However, not all of them are accessible, and according to certain estimations, several million are already lost forever.

Interestingly, there have been incidents when lost Bitcoin has been found by its owner. Ron Gross recently described such a case. Gross is a well-known figure from the Bitcoin community who was also the founder of Mastercoin, one of the first Altcoins.

“In those days of 2012, the discussions around Bitcoin were not as widespread as they are today and were mainly conducted on the BitcoinTalk forums.  At one point someone just offered a Bitcoin grant to be paid for someone who would implement a project to improve the currency’s scalability, ” Gross told CryptoPotato.

Gross liked the idea and quickly opened a wallet for Bitcoin donations for implementing a project with the promising name of Blockchain Pruning.

These were the early days of Bitcoin, before the Electrum wallet and any hardware wallets, so Gross had opened the Bitcoin wallet through the infamous The donations accumulated amounted to a total of 5.725 Bitcoin, whose current value is approximately $50,000.

Back in 2012, the price of Bitcoin was much lower than its current value, and since the project did not come to fruition, the coins were just forgotten in the wallet over the years.

Who wants a $ 50,000 donation?

However, the taxation of crypto has awoken the wallet from its long sleep. The need to report crypto transactions forced Ron to dig deep into his crypto history in an attempt to trace his full activity, and after seven years, he discovered this lost donation wallet.

The recent Bitcointalk message by Gross

The wallets on are associated under the Hybrid wallets category, where access to the wallet is made via the web. The private keys are encrypted and stored on a central server, and access to the wallet is only made possible via a password.  Although Gross knew the password, he could not access the wallet due to changes made over the years, and only after contacting’s customer service, did he successfully retrieve access to the funds.

Since that time, Gross has been wondering what to do with the funds he raised. “Since it has been a long time, I will wait for the relevant people to respond, and if there is no substantial interest in the next two weeks, the funds will be donated to a relevant project in the field of improving the performance of  Bitcoin,” stated Gross.

Study: About 20% of Bitcoin is lost

Unlike Gross’ case, not all lost wallets are destined to be found. A recent study found out that the total number of lost Bitcoins range from 2.78 to 3.79 million, which is roughly 15-20% of the total Bitcoin in circulation. Among the lost coins are Satoshi Nakamoto’s wallets, which contain around one million Bitcoins, according to various estimations.

In conclusion, Bitcoin is a cryptocurrency that is controlled by the holder of the wallet’s private keys, and as such, it requires a high level of responsibility. James Wallace was miserable to lose the private keys to his wallets containing around 7,500 Bitcoins, which is approximately 60 million dollars as of writing this post.

The post Lucky Day: Discovered $50,000 In a Bitcoin Donations Wallet From 2012, Now Looking To Donate It appeared first on CryptoPotato.

Source: Crypto Potato

From Bitcoin’s Surge To Facebook’s ‘Big Brother’ Coin: Week’s Top Stories

bitcoin weekly digest newspaper

25-year-old oxygen-drain, Justin Bieber, challenged 56-year-old Scientologist, Tom Cruise, to a cage fight, calling him chicken if he doesn’t accept. But would we be better off putting our money on that… or Bitcoin? [hint: the answer’s Bitcoin]

Bitcoin Price Hits 13-Month High

The new normal is that there is no normal… so Bitcoin is back to normal.

Just when we’d got comfortable consolidating for a while around the $8000-mark, the market starts to shake things up again. Admittedly, we had just seen the biggest weekly loss since December 2018, but that was on the back of May’s spectacular pump.

Analysts were split as to whether we would see a further move downwards or bounce back up. But by Wednesday, Fundstrat was calling time on the retracement, citing positive technical indicators.

bitcoin price

Sure enough, bitcoin price 00 then found itself in a rising wedge to $8200. A short squeeze followed, seeing further gains and a target of $8.5k.

For most other asset classes, a 12.5% gain over the space of a couple of days might signal time for a breather and some consolidation. But Bitcoin being Bitcoin, it wasn’t done yet. Sensing weakness in the bears, the bulls continued to push, eyeing $9k as a weekend target.

On the back of the gains, Weiss ratings upgraded Bitcoin to a ‘B’ overall, but it seems even that wasn’t the end of the story.

In the early hours of this morning, BTC continued to storm ahead. A 13-month high of $9380 was achieved, leaving only a 7% gap (and some resistance at $9.6k) until we hit 5-figures.

So as long as we don’t get comfortable with these gains as being normal (prompting the market to once again confound our expectations), we could easily see $10k in the next week.

Clash Of The Titans

Titanic Tron shill, Justin Sun, fessed up that he might be in over his head in trying to convince titanic Bitcoin-sceptic Warren Buffett, of the joys of cryptocurrencies over lunch. Luckily he gets to take a bunch of friends with him, and plans on inviting along ‘all the blockchain leaders.’

warren buffett bershire hathaway bitcoin

One can certainly imagine Buffett dismissing Sun without a second thought, so it’ll be interesting to see who joins him. Don’t believe for one second that it’ll change Buffett’s opinion though. Despite Bitcoin dwarfing the return on investment (ROI) of the veteran investor’s Berkshire Hathaway, in just a fifth of the time.

Other Bitcoin News In Brief

We found out more about Facebook’s ‘Surveillance Capitalism‘ Coin, in particular, its $10-million-splashing launch partners. But many think that the social media giant’s plans will turn out to present a positive opportunity for Bitcoin in the longer term.

The international Financial Action Task Force (FATF) wants to impose bank-like restrictions on crypto-exchanges.

Institutional demand is up as Bitcoin futures posted record volume. Meanwhile, Bakkt announced acceptance testing for its futures product will begin in July.

Not content with buying into Facebook-coin, Visa also decided it was going to muscle in on Ripple’s cross-border payments sector.

And finally…

The ‘Bitcoin Time Traveler‘ theory resurfaced on Hong Kong TV this week. The 2013 Reddit post by a self-proclaimed time traveler from 2025 about how Bitcoin mooning ($1 million + by 2021) destroys civilization as we know it, was explained by a former Miss Hong Kong on the territory’s most popular TV channel.

Yes, it was in a segment about wacky conspiracy theories, but not everyone in the tin-foil hat brigade can be wrong… can they?

What was the most important Bitcoin story of the past week? Add your thoughts below!

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Source: Bitcoininst