Chinese Government Blocks Cryptocurrency Exchanges on Social Media

The Chinese government is taking further action to block social media accounts of cryptocurrency exchanges still operating in the country. The move came as part of the long-running virtual currency clampdown.

Offshore Crypto Exchanges Blocked in China

Despite Chinese regulators attempts to restrict citizens from engaging in trading cryptocurrencies, individuals have still managed to gain access somehow.

Even with strict censorship on social media and search engines for terms like ‘cryptocurrency,’ ‘bitcoin,’ and ‘ICO,’ people have navigated access to a handful of different crypto services.

According to the Beijing-based media group Caixin, Chinese regulators have thus taken further action by shutting down crypto exchanges channels on WeChat, a popular social messaging app in the country.

After clampdown on cryptocurrencies in the country, crypto exchanges moved to different locations outside the country to operate their business. Many of them have chosen to move to the self-regulatory territory of Hong Kong.

One such example is OKex exchange, whose WeChat account was blocked. Now, OKex’s page on WeChat reads:

“The platform may have violated relevant laws and regulations after being reviewed per users’ complaints. The account is currently blocked, and content is not available.”

WeChat is one of the most popular standalone mobile apps that is host to around 600,000 mini-programs.

With about one billion active users and a myriad of different functions on its platform, it has been labeled as China’s “App for everything” and also a “Super App.”

After exchanges went offshore, the Chinese government lost complete control over exchanges. In response, the Chinese internet financial regulator blocked accounts of several overseas exchanges.

 

Chinese regulators have been very active in cracking down crypto businesses and warning citizens to stay away from trading. However, all attempts have failed to stop locals from participating in crypto trade.

As a last resort, in February 2018, the Chinese government planned to use tools to block access to overseas crypto exchanges and closet them from the chinese market.

The post Chinese Government Blocks Cryptocurrency Exchanges on Social Media appeared first on BTCMANAGER.

Source: BTC Manager

Gemini Exchange May Soon Offer Litecoin and Bitcoin Cash

The Winklevoss brothers are looking to add additional cryptocurrencies to the Gemini Exchange, while also praising the U.S. Securities and Exchange Commission’s recent statements.


Expanding Gemini

The Winklevoss twins’ cryptocurrency exchange Gemini Exchange is looking to expand with the addition of Litecoin (LTC) and Bitcoin Cash (BCH). Currently, Gemini Exchange only offers Bitcoin and Ethereum trades.

Tyler Winklevoss claimed that the most obvious additions to Gemini’s roster of offerings “are from the Satoshi Nakamoto family tree – Bitcoin Cash, Litecoin.”

CBOE Announces Increased Bitcoin Futures Margins Amid Market Manipulation Worries

As noted by Bloomberg, the Winklevoss’ twins plans are not only significant for the Gemini Exchange but for its Bitcoin futures partner Cboe Global Markets Inc. Cboe is based out of Chicago and is interested in offering futures contracts on additional cryptocurrencies. In order to accomplish this, however, Cboe needs Gemini’s assistance.

Cboe exclusively uses Gemini’s data supply when calculating Bitcoin contracts. While Ethereum is currently available – since the second-largest cryptocurrency by market cap is already traded on Gemini – Cboe needs Gemini to add more coins if it wants to offer additional futures contracts.

Supporting the SEC

Bloomberg also notes that, at the Cboe event in Florida, the Winklevoss twins said they “applaud” the U.S. Securities and Exchange Commission’s statement that exchanges offering digital assets which qualify as securities must register, or meet criteria for exemption.

Supporting the SEC

Bitcoin’s Still Moving in the Right Direction

The Winklevoss twins, who are heavily invested in Bitcoin, also claimed to be unconcerned with the dramatic slowdown in Bitcoin trading volume — citing the fact that, historically, it’s just par for the course. In the long-term, they see Bitcoin as trending upwards, and also claimed that “futures have gotten off to an incredible start.”

Tyler Winklevoss also noted:

In 2018, you’re really going to see institutions and Wall Street really get in, and it’s going to look very different.

Bitcoin's Still Moving in the Right Direction

Previously, Cameron Winklevoss matched his brother’s bullish sentiment by claiming Bitcoin could see a 40x increase in valuation “someday.” He stated:

So if you look at a $100 billion market cap today, now last week it might have been more like 200, so it’s actually a buying opportunity, we think that there’s a potential appreciation of 30 to 40 times because you look at the gold market today, it’s a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks, it’s still a very under-appreciated asset.

Which coins would you like to see added to Gemini? Would you like to see different futures contracts offered? Let us know in the comments below!


Images courtesy of AdobeStock, Bloomberg, Pixabay

The post Gemini Exchange May Soon Offer Litecoin and Bitcoin Cash appeared first on Bitcoinist.com.

Source: Bitcoininst

Thailand Dodges Extreme Cryptocurrency Regulations

Thailand Dodges Extreme Cryptocurrency Regulations

The Thai Deputy Prime Minister has mandated that the law on cryptocurrencies and initial coin offerings be finalized within a month. The regulators have met and agreed that there is no need to invoke the country’s controversial Section 44 law but to introduce a “special law” for them instead.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Special Law for Crypto

Thailand Dodges Extreme Cryptocurrency RegulationsMr. Rapee Sucharitakul, Secretary-General of the Securities and Exchange Commission of Thailand (TSEC), revealed on Saturday that related committees have met and decided to enact a “special law” to govern all areas of cryptocurrency, with the TSEC in charge, Thai Rath reported.

This law will also regulate initial coin offerings (ICOs) including providing rules on parties involved in token sales such as investors, middlemen, issuers, and trading platforms, the news outlet detailed, adding:

The special law will regulate the purchases and sales of cryptocurrencies and ICOs in order to avoid market manipulation, money laundering, tax evasion, as well as multi-level marketing schemes.

Thailand Dodges Extreme Cryptocurrency Regulations
Mr. Somkid Jatusripitak.

The Thai Minister of Finance, Mr. Aphisak Tantiworawong, told the news outlet that the country’s Department of Revenue is considering how to tax digital currencies and is waiting for the result of the study from the four units in charge of drafting the law.

The units are the TSEC, the Ministry of Finance, the Anti-Money Laundering (AML) Office, and the Bank of Thailand. They recently met and agreed that it is necessary to define and regulate cryptocurrency.

Mr. Somkid Jatusripitak, the Deputy Prime Minister, has ordered the law on cryptocurrencies and ICOs be finalized within one month.

No Need for Extreme ‘Section 44’

Thailand Dodges Extreme Cryptocurrency Regulations
Mr. Wissanu Krea-ngam.

The Thai regulators have been concerned about the rapid growth of the cryptocurrency and ICO markets. There have been suggestions that “Section 44” may be necessary to immediately regulate this industry.

Section 44 of the Interim Constitution of 2014 empowers the National Council for Peace and Order (NCPO) to issue an order to reform any fields. The NCPO is the junta that has ruled Thailand since 2014. “The deputy prime minister in charge of legal affairs has made clear that Section 44 which empowers the prime minister to have absolute power to make final decision on all problems will remain in force although the country will have the new constitution in use,” Thai PBS reported.

However, Mr. Wissanu Krea-ngam, deputy prime minister under General Prayut Chan-o-cha, told reporters on Friday that there is currently no need to use Section 44 in regards to cryptocurrencies. Instead, he said that normal regulatory procedures will be used.

What do you think of Thailand’s approach to crypto regulation? Let us know in the comments section below.


Images courtesy of Shutterstock, Wikipedia, and the Nation.


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Source: Bitcoinnews.com

New Report Finds Staggering 725% Increase in Malicious Mining Software

The number of websites sneaking in malware to mine cryptocurrencies such as Monero has grown by over 700% in recent months. Have you been affected?


Exponential Increase in Web Miners

This unprecedented rise seen recently in the cryptocurrency market has not come with its fair share of problems and controversy. It makes sense that in an emerging market that people will try to take advantage of newly emerging markets to turn a profit.

Whether this is with or without malicious intent, emerging markets always experience similar scenarios. In the case of cryptocurrencies, this has partially taken form in a vast amount of scams and malicious hacks and breaches.

Cyren, an internet security company, has found that over 1.4% of all websites (of the website sample group) from across the web run cryptocurrency mining scripts. This number is exponentially higher than it was just a few months prior to their recent findings.

To give this number a bit more context, just six months ago, the percentage of websites running mining scripts was just 0.12 percent, a whopping 725% increase!

This may seem bad enough, but the percentage of websites affected is expected to rise in the future as cryptocurrency markets grow.

Contrary to popular belief, websites running these scripts have been found all across the web, not just in the cryptocurrency space. There are two different ways in which these scripts are run on these websites.

The first comes from having the script run and installed by devious website owners and the second comes from the hostile implementation of the script without the consent of the website owner.

Nevertheless, a common theme seen with these websites is that these scripts are run without the approval of the consumer on said website.

This has created a large problem with many internet users citing increased CPU usage numbers. So how does this all work? These scripts come from affected websites get downloaded to your computer when you access the site and then run as a background process.

Malicious Monero Mining Sofware

These mining scripts most often mine the privacy coin, Monero, as it can be implemented into websites easily and is most importantly, untraceable. These factors create a situation where it is hard to track the accounts running these scripts.

Monero mining malware

These malicious miners have been found to be installed and running on hundreds of thousands of computers. One computer alone can only generate a few cents a day at best but with this amount of computing power being utilized it isn’t hard to see why this has been generating millions of dollars worth of Monero for those behind the script.

To the casual user, the increased CPU activity will go unnoticed. The good news is that more knowledgeable computer users have found a way to diagnose and stop these malicious processes.

By using the latest anti-malware software as well as script blocker browser add-ons, you can minimize the risk of mining against your will.

At the same time, these malicious attacks can also affect mobile devices. These mobile mining scripts often originate from downloaded malicious apps. You can keep your mobile phone protected by keeping a close eye on your mobile devices, by looking out for increased CPU usage and questionable files and apps.

Technology is constantly adapting and these miners are constantly adapting to fit and adjust to the latest blocking techniques. Make sure you keep all your security software up to date and make sure you watch out for any malicious attempts made on your devices.

This increased exploitation of computers has not painted the best picture for the cryptocurrency sector adding to the already existent stigma of the cryptocurrency space. Hopefully, web service providers and internet security experts can begin to crackdown on websites running these scripts so to prevent any more damage to consumer devices and the cryptocurrency space in general.

Have you experienced any situations where someone has been mining using your hardware against your will?


Images courtesy of Bitcoinist archives, Shutterstock

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Source: Bitcoininst

Bitcoin Sports Betting Site Under Investigation in Australia

Bitcoin Sports Betting Site Under Investigation in Australia

Australian authorities have announced that Bitcoin-based sports betting website, Justbet, is currently the subject of an investigation. The website represented itself as Australian by registering its domain in an Australian Island territory, however, Justbet’s IP address can be traced to Costa Rica.

Also Read:The ‘Crypto-Heater’ Mines Digital Currency While Heating Your Home 

Bitcoin Betting Website Under Investigation for Misrepresenting Location

Bitcoin Sports Betting Site Under Investigation in AustraliaThe Justbet website is registered by the Christmas Island Domain Administration (CIDA). CIDA claims to be a community-owned non-profit company that provides internet services to the citizens of Christmas Island – an Australian external territory.

By using a ‘.cx’ address, Justbet is able to give the impression that it is subject to Australian regulation. The website, however, was registered by a Panamanian, and IP address trace indicates that the company is based in San Jose, Costa Rica. The company does not appear to be sanctioned by any of Australia’s gambling commissions.

The investigation into Justbet has been prompted by calls from Tasmanian minister, Andrew Wilkie. Following Mr. Wilkie reporting Justbet to the Sports Integrity Initiative, the Australian Communications and Media Authority (ACMA) revealed that it had launched an investigation into the company regarding potential breaches of Australia’s Interactive Gambling Act.

Justbet Likely in Violation of Australian Law

Bitcoin Sports Betting Site Under Investigation in AustraliaAn ACMA spokesperson has stated that the Interactive Gambling Act prohibits “unlicensed regulated interactive gambling services, such as online wagering services provided without a license issued by an Australian State or Territory” from being offered in Australia.

The spokesman also stated that “The ACMA has published a register of interactive wagering service providers that are licensed by an Australian state or territory,” adding that “Interactive wagering services that are not included on this register are likely to be provided to Australian customers illegally.”

CIDA had previously indicated that it could not de-register Justbet without a request being made by local authorities,or the lodging of a formal complaint by a member of the public. “The site should be shut down immediately, and the Christmas Island Domain Administration should act straight away to remedy the situation,” Mr. Wilkie said earlier this week.

Do you think that bitcoin gambling will become an increasing target of regulatory action? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, acma.gov.au


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Source: Bitcoinnews.com

Japanese Miners See Solar Energy as ‘Only Way’ to Stay Profitable

Kumamoto-Energy, a local power producer in Japan, has announced that they will use solar energy for mining cryptocurrencies.


Japan Looks to Greener Energy

Cryptocurrency mining farms are trying to reduce costs and consume as less energy as possible, but sometimes the task is very difficult. Japanese miners are trying to consume renewable energy make mining activities more sustainable in the long term.

Saburo Takashashi, a security analyst at Kansai Electric Power, says:

This is a time for improvisation, mining won’t go away fro the next 100 years, efficient renewable sources of energy are the only way that cryptocurrency mining will be profitable in the future.

Cryptocurrency mining if left unchecked will potentially lead to environmental disaster and major resource crunch.

Bitcoin’s Electricity Consumption

Across the globe, less than 1% of the world’s total energy is consumed for cryptocurrency mining. However, experts state that since cryptocurrencies are here to stay, so are environmental concerns.  If businesses do not find a way to reduce the impact on the earth through sustainable resources, it can become a problem for the next generations.

However, Kumamoto Energy hopes for a more sustainable and greener future, which does not exclude cryptocurrency mining.

The company has set up an affiliate called OZ Mining with the intention of using the excess power generated at solar power plants for mining operations. The company will also work with other Japanese electricity enterprises to run “mega solar plants” in the Kumamoto Prefecture.

Kumamoto Energy is also developing and preparing to sell eco-friendly systems that they say are very efficient at mining cryptocurrency such as Bitcoin.

The energy company is expecting that once they will go online, other companies will follow suit, making it a more affordable and profitable activity for local miners.

Japan and Kumamoto-Energy are doing what is possible to improve the efficiency of the energy used in cryptocurrency mining activities. The current challenges for clean energy are complex. It is more expensive than traditional energy sources, it is unevenly distributed, it is still being developed with a lot to improve.Bitcoin mining costs

The cost for mining 1 BTC in Japan is among the most expensive in the world, and using solar energy can significantly drive these costs down.

Once these challenges are addressed and the use of renewable energy increases, then mining activities will be more cost-effective, less harmful and ready to spread all over the world.

What do you think about the using Solar Power for cryptocurrency mining? Can we expect more of the same from other countries? Let us know in the comments below!


Images courtesy of Bitcoinist archives, Shutterstock

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Source: Bitcoininst

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of Fraud

The Belgian financial authority has published a list of 19 cryptocurrency trading platforms that it had received complaints about. The regulator says these platforms show signs of fraud.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

19 ‘Fraudulent’ Crypto Trading Platforms

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudBelgium’s Financial Services and Markets Authority (FSMA) has recently warned about fraudulent cryptocurrency trading platforms. The agency also published a list of 19 crypto platforms it “has received questions or complaints from consumers about and has established indications of fraud,” the agency wrote.

They are 01crypto, Btc-cap, Capital-coins, Coinquick, Cryptavenir, Crypto-banque, Crypto-infos, Cryptos.solutions, Cryptos-currency, Ether-invest, Eurocryptopro, Finance-mag, Gme-crypto, Gmtcrypto, Good-crypto, Mycrypto24, Nettocrypto, Patrimoinecrypto, and Ydconsultant.

The agency emphasized that this list does not include all questionable crypto trading platforms – only ones which consumers have filed reports about.

Consumer Complaints

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudFSMA noted that several new platforms have emerged online, using the same methods to lure investors. “They claim to offer the best (or one of the best) trading platform(s) on which, both beginners and professionals” can trust and trade on instantly, the financial watchdog detailed.

Complaints that FSMA received include customers unable to reclaim their invested money and customers unable to contact the company once they have invested. “I invested via a platform that claimed to have a license,” FSMA quoted one consumer. “When I asked for the refund of my money, I was promised that my money would be refunded on a certain date. However, I have never received anything and now I do not even get access to the platform.”

FSMA’s Warning and Advice

Belgium Warns of 19 Cryptocurrency Trading Platforms Showing Signs of FraudIn its warning, FSMA urged investors to be cautious and “remain vigilant for all indications of investment fraud.” The agency recommends for investors to “Always verify the identity of the company (identity details, country of residence, etc.),” as well as to “Never trust a company if it cannot be clearly identified.”

Investors should be wary of companies that claim to have a permit or license by a supervisory authority, FSMA described, adding that currently “no supervision is exercised on online platforms that are active in the cryptocurrency sector.” Furthermore, most of these companies were founded less than a year ago, the agency noted.

Investors should also “demand clear and understandable information” from the companies and “remain critical of that information,” FSMA elaborated:

Many platforms for crypto trade promise a guaranteed return or full capital protection. However, those promises are one big illusion in the crypto-coin sector! If an offer is fraudulent, the promised guarantee is undoubtedly [too].

In conclusion, the agency emphasized that investors should “be wary of (promises of) excessive profits. If a return seems too good to be true, it usually is.”

What do you think of FSMA warning about “fraudulent” crypto platforms? Let us know in the comments section below.


Images courtesy of Shutterstock and FSMA.


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Source: Bitcoinnews.com

Cecilia Paolino-Uboldi – Partner & Global Head of Commercial Affairs at Slotguru joins Zerocoin – Crypto Currency for Online Gambling

ZeroEdge is extremely excited to announce that entrepreneur, investor, and Blockchain/Crypto advisor, Cecilia Paolino-Uboldi has joined the ZeroEdge advisory team.


ZeroEdge is extremely excited to announce that entrepreneur, investor, and Blockchain/Crypto advisor, Cecilia Paolino-Uboldi has joined the ZeroEdge advisory team.

During 17 years, Cecilia has had a varied career in the technology and gaming industries working as a business developer and channel manager building and developing strategic partnerships and alliances internationally most notably at IGT –the world’s leading end-to-end gaming company listed on the New York Stock Exchange. More recently she is providing consulting to entrepreneurial businesses to help them improve their profitability and growth through customer-centric strategies.

Currently, Cecilia is a Partner at SlotGuru – a business designed specifically for global slots players to improve their gaming experience.

Cecilia On Zeroedge

“I am delighted to be part of this great team to add diversity of thought and join the singular purpose to improve the players’ experience. Through its revolutionary 0% house edge gambling solution, Zero Edge leverages its unique value proposition in a very innovative way with this game-changing casino model. I look very much forward to our bright future together!“

“Having someone of Cecilia’s stature on board is a huge boost to our project,” said Adrian Casey, CEO of ZeroEdge.Bet, before adding:

Cecilia’s remarkable career in the corporate sector along with her in-depth knowledge of the gaming industry means that her advice will be invaluable as we work to ensure Zerocoin’s success, she has such a strong track record that there’s no doubt her appointment will help the ZeroEdge.Bet ICO and help us grow our platform. 

Cecilia On Zeroedge

ZeroEdge.Bet – Revolutionary Online Gambling Platform with 0% House Edge Games

ZeroEdge is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences and experiences.  The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention on this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit https://tokensale.zeroedge.bet to find out more.


Images courtesy of ZeroEdge.Bet

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Source: Bitcoininst

A Look at This Week’s Bitcoin Cash Markets and Merchant Support

A Look at This Week's Bitcoin Cash Markets and Merchant Support

Bitcoin cash (BCH) markets have been declining in value following suit with BTC and a vast majority of cryptocurrency prices suffering from losses the past five days. The price has since stabilized hovering around the $1,075 range after touching a low of $920 per coin just a few days ago.

Also read: Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?   

Bitcoin Cash Prices Stabilize After a Bearish Week

BCH/USD markets have seen some lows lately but so has nearly every crypto in the entire digital asset economy. BCH charts show a strong correlation with BTC/USD values as both markets consistently share the same amount of percentage gains and losses. For every $1,000 U.S. dollars BTC loses, BCH values roughly drops by $100, and BCH usually commands about 10-12 percent of BTC’s aggregated value. Once in a while there are some stronger differences between markets depending on community sentiment or a new announcement for one or the other.

A Look at This Week's Bitcoin Cash Markets and Merchant Support
BCH mining profit parity against the BTC chain. Profitability has been consistent since this past November’s DAA hard fork.

At the time of publication, the BCH chain is operating at 10.55 percent of the BTC chain’s difficulty. This means today it is 6.1 percent more profitable to mine BCH than BTC, but profitability has been consistently between 5 percent lower or higher since the November BCH hard fork last year. The past 24-hours of trading sessions show BCH markets are up over 8 percent and command roughly $430Mn in daily trade volume. The top five exchanges swapping the most BCH on March 10 includes Okex, Hitbtc, Lbank, Huobi, and Bitfinex. With one BCH worth 0.1133 BTC most of the trade volume today is for bitcoin core to bitcoin cash swaps by 48 percent. Tether (USDT) follows right behind BTC/BCH swaps at 23.7 percent during today’s trading sessions. This is followed by the Korean won (5.6%), ethereum (1.6%), and the euro (1%).  

Technical Indicators

Charts show the bearish decline is starting to reverse a hair like the rest of the crypto-markets, but traders are unsure of whether or not it’s just a ‘dead cat bounce.’ BCH volume has been decent, but like BTC volumes they are far lower than a few months ago, so overall cryptocurrency interest has waned across the board. The two Simple Moving Averages (100-200 SMA) have a large spread at the moment on the 4-hour chart. The long-term 200 SMA is well above the 100 SMA trendline, indicating the path upwards will be tough for bulls. During our last update bitcoin cash, RSI and Stochastic oscillators were showing ‘oversold’ conditions, but these indicators are improving this weekend.

A Look at This Week's Bitcoin Cash Markets and Merchant Support
Today’s trading sessions show BCH/USD’s market value is around $1,086 at the time of publication.

Just like BTC, the markets show very tight Bollinger Bands and both cryptocurrencies are forming a wedge formation. BCH/USD order books show some strong resistance up until the $1150 range with some smoother seas beyond that region. There will be another pit stop around the $1225 zone, but it may not be as bad as the walls past the $1100 territory. On the back side, BCH has shown some solid foundations and support. There is a massive buy wall that should hold up until $950; if that Displaced Moving Average breaks lower, values between the $750-850 region is not out of the question. Essentially this means for all crypto-markets the bear market sentiment may not be over just yet.  

A Look at This Week's Bitcoin Cash Markets and Merchant Support
Now bitcoin cash (BCH) can be used by all of Bitpay’s merchants.

Thousands of Merchants and Lil Windex  

The BCH community still has a lot of optimism concerning the future of the bitcoin cash ecosystem, and bearish markets have shown most proponents are unfazed. One of the biggest infrastructure announcements this week was the BCH integration with all of Bitpay’s merchants. This means BCH can be used with thousands of merchants that utilize the Bitpay invoice system including Newegg, Microsoft, Gyft, Namecheap, and Vultr. Many other companies worldwide have joined in as well. For example, the Seoul based food transport service, Shuttle Delivery, is connected with Bitpay’s merchant services and this connects BCH to 200+ local restaurants in the region. In other news, the community has gotten a treat from a rapper named “Lil Windex” who wrote a BCH-centric song and video called Bitcoin Ca$h. News.Bitcoin.com got a chance to interview Lil Windex who explained the meaning behind his new video.

What do you think about the bitcoin cash ecosystem’s added infrastructure this week, and it’s market actions? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Pixabay, Bitstamp, Coin Dance, and Bitpay invoices.


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Source: Bitcoinnews.com

PR: Verifier – the Idea of Using Blockchain to Verify Elections Is Not New

Verifier - Using Blockchain to Verify Elections

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The validity of presidential elections has been in doubt in numerous cases. What’s more, one of the most high-profile cases – the US presidential election – has not yet fully played itself out.

Perhaps this is why the election observer organization National Public Monitoring (NOM) has decided to store data on 100 thousand independent observers in a single system during the Russian presidential election. And they will be using blockchain to do it.

Just pick up your phone

How this kind of “verification” will work is rather simple: observers will simply be using their cell phones. The specialized app Verifier will be used to record any violations observed at a given polling place. All photos, videos, and other evidence of processes not in line with regulations will be publicly accessible on the nom24.ru website.

After being added to the system, the data will be stored and backed up for confirmation on the Verifier network, with submissions of not just the protocols, but also images (photos) of them.

While this project will be the first of its kind specifically in election investigations, it is based on a conception of authentication that is already being developed by several startups.

Not a new idea

Until recently, the market offered just one service, identity verification. But now, certain companies are making it possible to officially confirm not just identity, but also any event, using a decentralized network of verifiers (DNV).

That is the kind of service offered by Verifier. In effect, anyone can become a verifier after passing through a system of filters. This system will include an elimination round, training, knowledge assessment, and testing. In the end, a specially trained agent will be able to quickly verify a client’s identity, attest to the condition of a property or vehicle, confirm the completion of a transaction with a specified deadline, or certify the validity of an election.

“No election has ever been held without doubts being raised about its transparency,” notes Verifier founder Dmitry Nazarov. “Blockchain gives us the chance to solve this problem once and for all.”

About the project

The blockchain service Verifier is based on the secure transfer of data within the system, using a chain of linked transaction blocks. The token issuance is intended to fund the launch and subsequent scaling of the verification service. Verifier Tokens (VRF) are Ethereum-based smart contracts.

The project’s crowdsale will take place in two phases. The Presale has already been launched, during which only a limited number of VRF will be offered, with a discount for early investors. The majority of the tokens will be offered in April of this year, as part of the ICO, the main phase of the sale.

Contact Email Address
alex.drofa.ra@gmail.com
Supporting Link
http://verifier.org/en/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Source: Bitcoinnews.com