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721  Bitcoin / Press / [2017-07-06] Vontobel Bitcoin Certificate Is ‘Most Traded’ Product On Main Swiss on: July 07, 2017, 05:23:37 AM

Vontobel Bitcoin Certificate Is ‘Most Traded’ Product On Main Swiss Exchange

A Bitcoin certificate is the most traded structured product on Switzerland’s main exchange SIX.

As local newspaper Neuer Zuercher Zeitung (NZZ) reports, the certificate, which Swiss bank Vontobel launched in July 2016, is the trader favorite on SIX “most days.”

“I’m already impressed by the technical possibilities which lie behind Bitcoin, but if I had to bet whether these will still be around in twenty years - we’ll just have to see,” Vontobel’s public operations manager for finance products Eric Blattmann told the publication.

The enthusiasm behind Bitcoin’s financial options are becoming ever more present in Switzerland, with the country’s Crypto Valley Association initiative leading the way in advocacy of both the virtual currency and Blockchain technology.

Even government organs have come on board, allowing payment of various services with Bitcoin for residents.

Not everyone has reacted well to the certificate’s performance, however, the news leading to community warnings on social media that such activity was in fact detrimental to Bitcoin as a whole.

“This is how Bitcoin dies. With paper Bitcoin and certificates,” the top Reddit response to the story reads.

“[...] Be wary of paper cryptos. It's how gold and silver are manipulated down.”

https://cointelegraph.com/news/vontobel-bitcoin-certificate-is-most-traded-product-on-main-swiss-exchange
722  Bitcoin / Press / [2017-07-06] Spain’s Bitnovo Adds 4,000 Outlets For Bitcoin Cash Purchasing on: July 07, 2017, 05:19:46 AM


Spanish Bitcoin consumer spending platform Bitnovo has announced its expansion by 4,000 outlets.

Unofficial reports retweeted by the company Wednesday reveal an additional 4,000 locations are now available for customers to purchase Bitcoin with using cash in Spain.

The additions multiply the options for those seeking to acquire the virtual currency in person eight times over, the previous number of merchants on the platform listed as around 500.

Bitnovo has seen multiple other improvements over the past year, including international expansion to 130 countries with its Bitcoin Visa prepaid debit card.

The service’s latest move is a testament to the increasing consumer appetite for Bitcoin in Spain.

June saw the country hit the headlines after another European bank bailout saw Banco Popular purchased by fellow Spanish institution Santander for just €1.

The local Blockchain startup scene is burgeoning meanwhile, with business management solution Aragon raising $25 mln in its ICO, which lasted just 15 minutes.

https://cointelegraph.com/news/spains-bitnovo-adds-4000-outlets-for-bitcoin-cash-purchasing
723  Bitcoin / Press / [2017-07-06] Why Japan is Best Place to Buy with Bitcoin on: July 07, 2017, 05:17:40 AM


Major steps have been taken in Japan as retailers began their roll out of Bitcoin-ready Point of Sale software in over 260,000 stores this week. Recruit Lifestyle, one of Japan’s leading retail corporations, is forging the way in implementing digital currencies as another form of day to day payment.

Three months ago, Recruit Lifestyle made the news when they partnered with Japanese Bitcoin exchange Coincheck to build a Point of Sale app that would readily accept Bitcoin in stores around the country.

“Mobile Payment for Air Regi,” as it is known, is now ready to be implemented and the first stage of the uptake into the retail market is through 334 eyeglass stores which will officially accept Bitcoin come July 10.

This marks another big step in the utilization of Bitcoin in Japan with this announcement coming just two days after the eight percent consumption tax was removed from digital currencies by the government.

As easy as barcode scanning

The retail acceptance of Bitcoin has not quite found its feet yet in the mainstream. There are still differing ideas of how to implement it to the best effect. For Recruit Lifestyle and their app, they have gone with a simple barcode system that allows those holding Bitcoin to scan a code on the Mobile Payment app to transact in the digital currency.

In total, over 260,000 stores from drugstores to fast food restaurants use this Point of Sale app that is now ready to accept Bitcoin alongside traditional means. The use of this proprietary app now gives those stores the ability to easily offer Bitcoin as a method of payment to regular customers.

Seeing Bitcoin clearly

The first line of stores that will be accepting Bitcoin will be the 334 eyeglass stores who have quickly taken the plunge into the world of digital payment. The stores, called Megane Super, will be setting a bold precedent with the hope being that their success will lead to further uptake, particularly in Europe and the US.

Besides the benefits to the clients, and the digital currency itself, the stores are also expecting increased business from tech-savvy tourists who seek out these innovative stores to spend Bitcoin in retail shops that once took only cash and card.

To the moon

With the 260,000 stores all in line with this roll out in the near future, there are further plans for expanding the Bitcoin-ready app into more stores in Japan. Other shops, beyond those already under Recruit Lifestyle’s umbrella, will be co-operating with the retail giant to utilize Air Regi Bitcoin payments in their own expansion into digital currencies.

Coincheck has also been working beyond just its own app to entice more retailers to use Bitcoin, signing up merchants to accept digital currency directly. There are already over 5,000 Bitcoin accepting stores in Japan with Coincheck breaking into more diverse retail markets. Popular capsule hotels, as well as property management firms, have all bought into the digital currency, as well as Kai Corporation, who are involved in five unique restaurants.

https://cointelegraph.com/news/why-japan-is-best-place-to-buy-with-bitcoin


724  Bitcoin / Press / [2017-07-06] Hacker Pleads Guilty of Stealing $365,000 Worth of Bitcoin From Dar on: July 07, 2017, 05:12:45 AM
Hacker Michael Richo, who was arrested on October 5, 2016, has admitted that he stole a total of $365,000 worth of Bitcoin from darknet marketplaces, News 8 reports.

For this crime, Richo could serve up to 30 years of jail time.

Modus operandi

Richo has established several phishing sites in order to gain access to user credentials.

A phishing site is used to trick users in order to obtain their sensitive information such as login accounts, and passwords. Cybercriminals, particularly those operating in the darknet, are expected to be already aware of such sites, but they were tricked by Richo just the same. He was able to trick users to his phishing sites by posting fake links on forums and other online marketplaces.

Modern-day Robinhood?

A number of darknet marketplaces became victims of the phishing sites created by Richo. By gaining access to the sites’ user credentials, Richo was able to access the users’ accounts in the real darknet marketplace and stole their Bitcoin balance.

All the funds stolen by Richo, however, are believed to be owned by darknet criminals, who could have utilized the money for illegal activities.

Richo then deposited the stolen Bitcoin to his LocalBitcoins account. He also conducted bank transfers to his account at Bank of America, as well as his Green Dot prepaid debit cards.

Another win for FBI

After almost three years of monitoring and building a case against Richo, operatives from the FBI finally arrested him in 2014.

During their examination of his computers, the operatives discovered more than 10,000 stolen login credentials. They also found that his phishing sites were created in a very professional and meticulous manner that allowed him to trick even the most experienced darknet users.

The court hearing Richo’s case is scheduled to issue its verdict on September 28, 2017.

https://cointelegraph.com/news/hacker-pleads-guilty-of-stealing-365000-worth-of-bitcoin-from-darknet-criminals
725  Bitcoin / Press / [2017-07-06] Fox Business Speculates Bitcoin Price Could Reach $1 Billion on: July 07, 2017, 05:09:00 AM
The bitcoin price has soared throughout the first two quarters of 2017, sparking renewed media interest in cryptocurrency. Much of that press coverage has been negative, and many mainstream news anchors and analysts continue to dismiss Bitcoin out of hand rather than give it an honest appraisal.

Others, however, are opening their eyes to the possibility that Bitcoin is an enduring financial and technological force. CNBC personality Jim Cramer, for instance, recently suggested ransomware attacks could propel the bitcoin price to $1 million.

Not to be outdone, a prominent Fox Business show asked whether the bitcoin price could reach $1 billion.

The June 30 “Making Money With Charles Payne” segment featured Former New York Bitcoin Center Policy Director and Bitcoin Girl Naomi Brockwell alongside Fox News contributor Tammy Bruce.

https://youtu.be/EBUVsr5DACk

Charles Payne began the segment by acknowledging that he and many other news personalities had dismissed Bitcoin as “technology’s answer to Beanie Babies,” but it has since begun to gain mainstream acceptance and attention from the business community.

Naomi Brockwell, however, attributed the recent bitcoin price rise to the political ramifications of its decentralized nature, stating that people living under dictatorial regimes can use it to purchase food and other products unavailable in their home nation. As she claimed:

    "The main people promoting this technology are those who understand that governments can be dangerous."

Tammy Bruce voiced her hesitations about placing trust in a digital currency that relied on the Internet rather than a physical asset like gold or cash but also stated she appreciates that bitcoin “goes beyond the establishment.”

Toward the end of the segment, the discussion shifted to specific price predictions.  Although no one on the panel directly suggested the bitcoin price could reach $1 billion, the Business Alert ticker asked “Bitcoin to reach $1bn?” Payne asked Brockwell whether she agreed that it could reach $1 million, to which she replied it can go “to the moon.”

What Would a $1 Billion Bitcoin Price Look Like?

For bitcoin to reach $1 billion, it would need to experience a 38,491,100% increase from its current $2,598 mark. This would give bitcoin a very respectable $16 quintillion market cap given the current supply. Assuming every altcoin retained its current trade value with bitcoin, even 100th-ranked TokenCard would achieve a market cap of nearly $9 trillion. This would be unlikely in a scenario in which bitcoin achieved this level of financial dominance, but let’s face it, a $1 billion bitcoin price is unlikely, too.

At current levels (and ignoring all potential future scaling solutions) the average bitcoin transaction would cost nearly $700,000 to process.

Remember the fabled 10,000 bitcoin pizza purchased in 2010? I hope it was delicious, because those bitcoins would be worth $10 trillion.

And lest we forget, assuming Satoshi was alive and had access to his or her rumored ~1 million bitcoins, he or she would attain a net worth of $1 quadrillion, edging ever-so-slightly past Bill Gates and Jeff Bezos to become the richest person in the world.
726  Bitcoin / Press / [2017-07-06] Unsealed: Docket Against Rogue Arizona Bitcoin Trader Charged with on: July 07, 2017, 05:06:14 AM
Unsealed: Docket Against Rogue Arizona Bitcoin Trader Charged with Money Laundering

CN recently received word from an IRS agent that the docket regarding Arizona trader Thomas Mario Costanzo, and included it in the communication. CCN verified the validity of the agent and the document, and now publishes it for your use. Moving forward, it appears Costanzo has plenty of legal issues to deal with ahead.

It is worth noting, in times like this, that people like Costanzo are not the norm in Bitcoin trading. Costanzo made no regard for the government despite the size of his operation, and it would have been wiser of him to have made some effort in that direction as the operation grew. After a certain point, you can only be a target if you are not somehow complicit with the government.

Thomas Costanzo / Peter Steinmetz First Superseding Indictment 062017 by PH Madore on Scribd

The document alleges that Costanza and a partner operated for as long as four years with no attempt at getting legal. The level of their business is what makes them stand out, rather than the practice. The government is probably aware that many small-time, low-level traders don’t bother to do anything in regards to getting legal – at most, they will pay taxes. Which is, the most the government should expect from the small traders at least. When someone is trafficking in the millions, buying and selling bitcoins, then it makes sense that the government might take an interest in such a business.

There are several charges of very similar nature, all relating to the foreign trafficking of money. As CCN writer Justin O’Connell previously wrote:

    "According to court records, he’s been charged with possession of three boxes of Winchester ammunition for an altogether 60 cartridges “in different calibers.” He denied ownership of the ammunition, but admitted they were in indeed his apartment, according to records, which did not say who owned them."

Let it be repeated: this is not your typical Bitcoin trader. Most in the field who would be operating at such a level would more likely pay their taxes, and do things legally, without trying to avoid any regulations they might run into. This is because most people don’t want to end up where this man is, facing criminal charges. Yet, cases like these do reflect badly on all who trade Bitcoin, and make everyone pause and consider how much they’ve done to be within regulations.

https://www.cryptocoinsnews.com/docket-against-rogue-arizona-bitcoin-trader-unsealed/
727  Bitcoin / Press / [2017-07-06] Mixed Trend Seen in Crypto Markets on: July 07, 2017, 05:03:44 AM
Few significant price swings were seen in the cryptocurrency market, with no clear market-wide trend. While in the higher levels, Bitcoin and Ethereum showed lower volatility and registered slight losses, Dash and EOS both showed a price jump of more than 19% in the past 24 hours. Trading volumes were lower across the board with no cryptocurrency reaching the billion dollar mark.

Bitcoin holds above $2,500

Following the incredible volatility seen in the first half of the year, reaching new all-time highs and displaying incredible price swings in June, the second half is off to a slower start. Bitcoin prices have been on a steady incline in recent days, showing gains in four out of the last five days, settling above $2,500 and flirting with $2,600 this morning.

Slow decline for Ethereum

The world’s second-largest cryptocurrency has been showing small daily losses in recent days, holding above the $250 mark and displaying relatively lower volatility. The Ethereum chart shows declines in four out of July’s first five days and a continued downward trend this morning. However, the general sentiment in the Ethereum community is that the coin could revert to gains, with some saying it could even climb as high as $1,000.

Dash jumps 19%

Currently ranked 6th by market cap, cryptocurrency Dash showed incredible gains in the past 24 hours, rising more than 19%. The cryptocurrency, which offers instant transaction capabilities and completely anonymous transactions, reached an all time high of $227 and a market cap of more than $1.6 billion. The recent price spike is attributed to increased demand in Asia.

https://www.cryptocoinsnews.com/mixed-trend-seen-crypto-markets/
728  Bitcoin / Press / [2017-07-06] Banker: ‘I am Scared for the Banking Industry…Bitcoin could Knock B on: July 07, 2017, 05:01:06 AM
Banker: ‘I am Scared for the Banking Industry…Bitcoin could Knock Banks out of the Game’

Bankers and industry leaders in the Texas panhandle have recently been discussing what to do about blockchain technology and bitcoin. They are curious how they can get banks involved in leveraging cryptocurrencies, because they do not want to be left in the dust. However, some of them are also scared for the banking industry. In their eyes, bitcoin has the power to undermine the banking system and reshape the financial landscape. 

Bankers and industry leaders in the Texas panhandle have recently been discussing what to do about blockchain technology and bitcoin. They are curious how they can get banks involved in leveraging cryptocurrencies, because they do not want to be left in the dust. However, some of them are also scared for the banking industry. In their eyes, bitcoin has the power to undermine the banking system and reshape the financial landscape. 

"t’s a really right-minded concept if you think about it — it’s international currency,” There are no borders and it’s not controlled by anyone, which is neat too. I’m a fan and hopefully we can find a way to get involved."

Read more
https://news.bitcoin.com/banker-i-am-scared-for-the-banking-industry-bitcoin-could-knock-banks-out-of-the-game/
729  Bitcoin / Press / [2017-07-06] Europol Discusses Bitcoin as Store of Value and Payment Method With on: July 06, 2017, 01:58:39 PM
Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry



The European Union’s top law enforcement agency Europol recently hosted their 4th conference on digital currencies.
According to the agency’s announcement on Wednesday, among the topics discussed this year was the use of cryptocurrencies such as bitcoin as a store of value and as a legitimate payment method.


Europol Discusses Bitcoin’s Legitimate Uses This Year

Europol’s European Cybercrime Centre (EC3) recently organized the “4th Virtual Currencies Conference,” hosted at the Europol’s headquarters in The Hague. EC3 was set up in 2013 as the EU’s cybercrime specialist unit to help law enforcement respond to cyber attacks.

The event, which took place on June 22 and 23, aimed “to further strengthen the fight against the abuse of virtual currencies for criminal transactions and money laundering.” This was also the same theme of the 3rd Virtual Currencies Conference which took place on July 14-15 last year.

However, unlike previous years, Europol has added other discussions to the conference. According to the agency’s announcement on Wednesday:

        "Another interesting topic covered was the legitimate use of Bitcoin technology, including the use of cryptocurrencies as a store of value, and as a payment method for legitimate goods and services."

Read more
https://news.bitcoin.com/europol-bitcoin-store-of-value-legitimate-payment-method/

730  Bitcoin / Press / [2017-07-05] There is Similarity Between Bitcoin Price Trend and Chip Stocks Per on: July 06, 2017, 01:36:38 PM
Analysts have discovered a significant similarity between Bitcoin price trend and chip stocks. Over the course of seven months since the beginning of 2017, the price trend of the main Philadelphia Semiconductor Sector Index has been remarkably similar.

A chart revealed by CNBC showed:



It is unclear whether the similarity between the price trend of the SOX and Bitcoin is completely coincidental or somewhat relates to each other. However, Evercore ISI technical analyst Rich Ross noted that he has been aggressively encouraging investors and traders to buy biotech and sell semiconductors, considering the recent hike of the SOX value.

"I reiterate my sell call on Semi's and continue to see a test of 1,000 on the SOX (-8 percent) as the group continues to display the textbook signs of a reversal in trend and a technical symmetry with Bitcoin, which is down -9 percent overnight and poised for another -17 percent to 2,044,” said Ross.

Continue reading
https://cointelegraph.com/news/there-is-similarity-between-bitcoin-price-trend-and-chip-stocks-performance-analysts
731  Bitcoin / Press / [2017-07-06] Bitcoin Comes To German Fast Food Giant Lieferando on: July 06, 2017, 01:20:27 PM

German fast food delivery portal Lieferando has started accepting Bitcoin for orders, as the first player in the industry to do so.

As part of a package of updates released to users this week, Lieferando, owned by the international umbrella company Takeaway.com, added Bitcoin for all its partner restaurants.

The new payment method is available on both Lieferando’s website and via its app.



The move is a pioneering step forward for consumer Bitcoin usage in Germany, which traditionally has been slow to accept and adopt cryptocurrency at the legislative level.

With online takeaway a fiercely competitive market in the country, the opportunities for competition to further spread Bitcoin availability is tangible.

Meanwhile, last week a dedicated German-based Blockchain group, the Blockchain Bundesverband, was founded at the Bundestag in Berlin, the focus of which will be advocating a more receptive environment for the technology going forward.

https://cointelegraph.com/news/bitcoin-comes-to-german-fast-food-giant-lieferando
732  Bitcoin / Press / [2017-07-05] Dartz Debuts New Black Alligator SUV, Only Accepts Bitcoin and Ethe on: July 06, 2017, 10:20:42 AM
Latvian automotive company Dartz announced that they plan to debut their new Black Alligator SUV at the 2017 Gumball 3000 rally in Riga, Latvia and that they will only be accepting Bitcoin or Ethereum as payment.

https://youtu.be/Y9bQpzl1DH0
Dartz Black Alligator

The company’s move to sell the luxury SUV for Bitcoin and Ethereum seems to be a first for cryptocurrency, which has previously been accepted in the luxury market more in regards to property than the automotive industry. Hopefully, the acceptance of Bitcoin for the vehicle will prove to be more than just a sales gimmick, as there is a real demand among Bitcoin adopters for items they can spend their investment rewards on without first converting to fiat currency. Whether or not this is a vehicle that Bitcoin owners will want remains to be seen.

Continue reading
http://bitcoinist.com/dartz-debuts-new-black-alligator-suv-accepts-bitcoin-ethereum/
733  Bitcoin / Press / [2017-07-05] Neurologist from Phoenix to be Charged for Exchanging Bitcoin on: July 06, 2017, 10:17:51 AM
Phoenix neurologist, Peter Steinmetz, has been charged with illegally operating an unlicensed Bitcoin exchange.

In 2013, the U.S Treasury Department officially declared that exchanges and traders of digital currencies like Bitcoin are regarded as “money service businesses” and are subject to official regulations. Neurologist and gun-rights advocate Peter Steinmetz was charged by a grand jury for operating an unlicensed bitcoin exchange.

Steinmetz and Bitcoin
This isn’t the first time that the brain scientist has appeared in the national news. In 2014, he was arrested while carrying a rifle at Phoenix International Airport during a gun-rights demonstration. Steinmetz was also featured in an article from the Arizona Republic, for an anonymous Bitcoin donation worth $10,000 to the Barrow Neurological Foundation which was used in order to fund Steinmetz’ brain research project.

The Charge



The Treasury’s Financial Crimes Enforcement Network is accusing the neurologist and his co-defendant, Thomas Costanzo (Morpheus Titania), for operating an exchange for virtual currencies (bitcoin) and charging a fee for the service without having an official ‘state money transmitting’  license.

While their operations didn’t get much attention from authorities for several years, in 2015 undercover agents made several direct transactions worth of $160,000 in cash with Costanzo.

On April 20, the federal agents managed to arrest Costanzo after collecting sufficient evidence. Since his arrest, Costanzo has been held in federal detention and both defendants are waiting for a jury trial which begins on August 1.

Continue reading
http://bitcoinist.com/neurologist-from-phoenix-to-be-charged-for-exchanging-bitcoin/
734  Bitcoin / Press / [2017-07-05] $50,000 Per Bitcoin Within Next Decade: Standpoint Research Founder on: July 06, 2017, 10:15:11 AM
Standpoint Research founder and analyst Ronnie Moas is predicting that the bitcoin price will climb to $5,000 in the next year and then hit $25,000-50,000 in the next decade.

Standpoint: From $5,000 to $50,000 per Bitcoin

Famous trader Ronnie Moas, who also is the founder of the Florida-based investment firm Standpoint Research, told his clients in a note Wedensday that the bitcoin price could double to $5,000 in 2018 and potentially hit a price range of $25,000-50,000 in the next decade.



Moas admits that this isn’t the first time that he encountered bitcoin and cryptocurrencies

    "In the early stages of my research. I quickly dismissed it back in 2013, 2014, 2015 and 2016. Now, we are in 2017 — the market cap is $80 billion and I (and others) must take it a bit more seriously"

Continue reading
http://bitcoinist.com/50000-bitcoin-next-decade-standpoint/
735  Bitcoin / Press / [2017-07-05] Major Russian Forex Broker Alpari Launches Bitcoin Trading Pairs on: July 06, 2017, 10:09:08 AM


Alpari Group, Russia’s largest native forex broker, has announced the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders. Alpari Group joins a growing list of international forex and CFD brokers that have introduced cryptocurrency trading markets in recent weeks.

The Introduction of Bitcoin Derivatives Trading Is of Prescient Timing for Alpari

Alpari Group is a forex and contracts for difference (CFD) broker that is licensed in Belarus, Belize, Mauritius, and Russia. Alpari has launched BTC/USD and BTC/USD trading pairs this week, joining a growing list of international derivatives markets that have begun to offer cryptocurrency trading products.

The company was founded in 1998, and since 2014 it has been recognized as the largest Russian Forex broker based upon monthly turnover and number of clients. Despite its Russian success, Alpari has seen significant struggles in recent years – following the insolvency of its UK entity and the revocation of the company’s United States National Futures Association and subsequent exit from the US markets.

The introduction of bitcoin derivatives trading is of prescient timing for Alpari, following recent announcements that Russia is developing a regulatory framework for bitcoin and cryptocurrencies. Many commentators are skeptical that Putin’s Russia will fully embrace bitcoin, as cryptocurrency has the potential to further erode the Russian state’s ability to exercise centralized control over financial circulation.

Continue reading
https://news.bitcoin.com/major-russian-forex-broker-alpari-launches-bitcoin-trading-pairs/
736  Bitcoin / Press / [2017-07-05] Turkey to Initiate Major Crackdown on Illegal Gambling on: July 06, 2017, 10:05:48 AM
The Turkish government is preparing to initiate a two-year plan designed to crush illegal gambling within the nation. Among the regulations currently under consideration by the Turkish government are measures intended to prevent the use of bitcoin and other cryptocurrencies for illegal gambling activities.

The Turkish State Will Introduce Harsh Punitive Measures for Those Caught Involved in the Illegal Gambling Industry

Reports have revealed that Turkey is preparing to initiate a two-year long crackdown on illegal gambling, including a focus on trying to “prevent the use of alternative spending methods, such as Bitcoin, ethereum and ripple, for illegal gambling activities”

Turkey’s new gambling offensive will be implemented by the Interior and Justice Ministries in partnership with the Police Department and the Revenue Department. The departments will establish a designated task force that will comprise representatives of the Banking Regulation and Supervision Agency (BDDK), Revenues Department, Financial Crimes Investigation Council (MASAK), and the Information and Communication Technologies Authority (BTK), and will be headed by a special prosecutor. The BDDK will be tasked with preventing the use of Bitcoin and other cryptocurrencies for illicit gambling activities, among other duties.

The Turkish state will introduce harsh punitive measures for those caught involved in the illegal gambling industry. Organizers and intermediaries who profit from illicit gambling will be forced to forfeit their income, and houses in which unlicensed gambling is taking place will be temporarily seized. Large fines will be introduced for shops such as internet cafes that facilitate their customers accessing illegal online gambling websites.

The BDDK is expected to monitor banking and credit card records as a measure to detect individuals who are engaged in such activities. The search engine habits of Turkish citizens will similarly be tracked. Websites and media outlets that advertise gambling sites will be shut down, and anti-gambling propaganda will be distributed throughout internet cafes.

Continue reading
https://news.bitcoin.com/turkey-to-initiate-major-crackdown-on-illegal-gambling/
737  Bitcoin / Press / [2017-07-05] Unconfirmed Transactions Queue and Bitcoin Fees Drop Considerably on: July 06, 2017, 10:03:04 AM
For about a week and a half, the Bitcoin network’s transaction congestion and rising fee market has subsided. People are now reporting on how they are sending transactions for smaller fees, and some of them are having difficulty with wallets that are recommending fees that are much higher than needed.

Bitcoin’s Network Congestion Has Subsided For Now

The amount of unconfirmed transactions has been significantly lower than usual with the mempool (transaction queue) averaging roughly 7,000 to 15,000 unconfirmed transactions per day. This is a stark contrast to the 200,000+ transactions held up in the mempool just a few weeks prior. The transaction stress started diminishing around the first week of June and has continued to decline to the levels we are at today.


Bitcoiners are paying lower fees throughout June and July 2017.

Since the number of unconfirmed transactions has dropped and there has been more room for bitcoin transactions — fees have also dropped. Less than two years ago anyone could send some bitcoin for a fee of roughly $0.02 worth of BTC, but this past May fees reached an average median of $5 per transaction. However, fees now have abated to levels under a dollar and some as low as $0.25 according to a few bitcoin proponents.

Continue reading
https://news.bitcoin.com/unconfirmed-transactions-bitcoin-fees-drop/
738  Bitcoin / Press / [2017-07-05] The Bitcoin Network’s Hashrate Now Exceeds Six Exahash on: July 06, 2017, 10:00:04 AM
Last May Bitcoin.com reported on how the Bitcoin network’s hashrate surpassed four exahash per second. Just two months later on July 1st, the hashrate has increased another two exahash which transcended to a high of 6,622,799,000 GH/s according to Blockchain.info and Bitcoin Wisdom statistics.

The Exahash Era: Bitcoin Hashrate Breaks Another Record

The first week of July is showing the vast power of the Bitcoin network as miners are currently processing transactions at a whopping 5,808,727,020 GH/s. On July 1st miners pushed the hashrate up over six exahash per second reaching it’s highest point ever recorded. The mining ecosystem is far bigger than during the early days, as miners progressed from CPU mining, GPU mining, FPGA Mining, to giant warehouses filled with ASIC miners.


Bitcoin hashrate exceeds six exahash on July 1, 2017.

Furthermore, there are far more mining pools today, as there are currently 24 known pools taking a portion of the hashrate pie. Things are quite different than the early days when one single bitcoin enthusiast like Artforz captured a significant portion of the network’s hashrate. People also often forget when the mining pool Ghash.io passed the 51 percent mark in 2014, as pools in 2017 are more diversified than ever before. Only three pools command more than ten percent of the hashrate while the other 21 pools process less than ten percent.

Continue reading
https://news.bitcoin.com/bitcoin-hashrate-six-exahash-july-1/
739  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Pillar - The Personal Data Locker - 60hr Token sale begins July 15 on: July 04, 2017, 04:43:38 PM
"All these tokens will be native in our system one level below the Pillar token. Users may only ever see pillars, or they may see the various utility tokens for the services they use."

On what principal internal exchange course would be organized? Exchange Price for other tokens would be set by project managers at their discretion or oriented for the average market price?
740  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Pillar - The Personal Data Locker - 60hr Token sale begins July 15 on: July 04, 2017, 01:41:09 PM
Personally i like the Pillar idea to have the secured wallet with an opportunities to pay for different services, such as healthcare. Functionality of the wallet of holding decease history and prescription, sending it to different pharmacies sounds very interesting. With this options Pillar will be very similar to Patientory.
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