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Chinese crypto trader buys four F1 cars with litecoin.

If you look through social media, you will find that the Bitcoin community is hot about buying a Lamborghini sports car. But now, cryptocurrency users are "justifying" their growing interest as some have purchased four F1 supercars with Litecoin.

Allegedly, a Chinese crypto trader has reached an agreement with the British Heritage F1 dealership to buy four F1 cars, the total value of about 400 million pounds, but the trader said he will not fiat currency to buy it but prefers to use Litecoin to make the Complete payment.

Read More: https://bitzamp.com/crypto-trader-buys-four-f1-cars-with-litecoin/

                                                     


Starbucks using customers laptop to mine digital currency


Starbucks accused of using customers laptop to mine digital currency.

A Starbucks customer from Buenos Aires said he found the popular global coffee chain giant using his laptop for illegal Bitcoin mining.

Noah Dinkin found that when his laptop connected to Starbucks free Wi-Fi, it would be exploited to encrypt digital currency mining, and he released a screenshot on December 2 to prove it (as shown below)

Read more: https://bitzamp.com/starbucks-using-customers-laptop/

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SEC- 14 Question Investors should ask before investing in cryptocurrency.

The Security Exchange Commission (SEC) in the light of seeing cryptocurrency and ICO markets growing rapidly has decide to issue guidelines questions every investor should ask before considering any investment opportunity in the cryptocurrency space. The cryptocurrency markets has span across local, national, international and include an ever-broadening range of products and participants. These markets also present investors and other market participants with many questions, some new and some old (but in a new form), including, to list just a few:

Here are 14 investment Qustions and investor should ask before investing

Who exactly am I contracting with?

Who is issuing and sponsoring the product, what are their backgrounds, and have they provided a full and complete description of the product? Do they have a clear written business plan that I understand?

Who is promoting or marketing the product, what are their backgrounds, and are they licensed to sell the product? Have they been paid to promote the product?

Read More:https://bitzamp.com/sec-14-question-investors-should-ask/

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Initial coin offerings (ICO) are a relatively new method that entrepreneurs have used to raise money for start-ups, by selling custom-built virtual currencies. The practice has taken off this year, despite the warnings of regulators and the uncertainty of the rules concerning the fund-raising method.

Accordin to The report from New York Times;Joseph Grundfest, who was a commissioner at the S.E.C. in the 1980s and is now a law and business professor at Stanford, said he had been contacting current commission officials and staff to urge them to bring cases, and fast.

Read More: https://bitzamp.com/icos-to-face-tougher-regulations-in-united-state/

                                                      

Coinbase has announced today that it will be performing System maintenance.This will significantly increase the amount of traffic which they can handle and help to prevent slow performance and login issues during large traffic surges.It is expected that buying and selling of cyptocurrencies will be to be offline for 1-2 hours. Customers may still access their accounts, deposit and withdrawal.

Last week Bitcoin’s price surged today amid mayhem on the larger exchanges where the digital asset is traded. Prices quoted were sometimes a thousand dollars or more apart as the platforms reported their systems weren’t operating properly.

Bitfinex, one of the biggest exchanges, said it was investigating a denial-of-service attack, while Coinbase said its GDAX platform had a “minor service outage.” Gemini said bitcoin deposits were temporarily unavailable.

Read More: https://bitzamp.com/coinbase-services-will-offline-10pm-11pm-pacific-time/

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China Cryptocurrency Ban

The Ban of cryptocurrency exchanges and initial coin offering (ICO) in China has left most cryptocurrency enthusiasts out of bitcoin’s historic rally in recent months.The Chinese Government took this decision with a view of protecting it citizen from the unstable and unregulated cryptocurrency space which has witness some sort fraudulent activities perpetrated in recent times.But it didn’t take long for them to find something new to pour their money into.

Wankebi also known as onecoin designed by Chinese tech company Xunlei. Since its launch in mid-October, Wankebi value has jumped dramatically in secondary markets—at one point more than 80-fold, according to several reports (link in Chinese).

Read More:https://bitzamp.com/wankabi-the-hottest-cryptocurrency-in-china/

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Craigslist, the US-based classified advertisements platform, has perhaps inadvertently given a sneak peak of its intention to allow sellers to accept Bitcoin and other cryptocurrencies as an official payment method.
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On December 8, a member of an online Bitcoin community discovered that the Craiglist product and service listing page for merchants included an option entitled “Cryptocurrency Ok.”

The exact timeframe in which the Craiglist development team intends to fully integrate support for Bitcoin and other cryptocurrencies remains unclear. Given that the company has not provided any public statement in regards to its cryptocurrency payment option makes it likely they will conduct a pilot test first. If successful, they could roll out a full integration of Bitcoin in the long-term, like Square.

continue Reading>>>>>https://bitzamp.com/craigslist-enable-sellers-accept-bitcoin-merchants-adopt-cryptocurrencies/