China Bans Bitcoin Mining? Rumors Fly as Notices Appear In PressChinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. http://bitcoinist.com/china-bans-bitcoin-mining-rumors/
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Chess Legend Garry Kasparov: Bitcoin Is Pure SpeculationFormer world chess champion Garry Kasparov went to the Web Summit, in Lisbon, this year while representing cybersecurity firm Avast. PROTESTE INVESTE, a Portuguese investment website known for helping novice and experienced investors, managed to speak to Kasparov in an interview about bitcoin and cryptocurrencies. In it, Kasparov revealed that bitcoin’s popularity doesn’t surprise him, and compared the cryptocurrency to “fake money” that’s “issued by governments in large quantities.” The chess grandmaster sees bitcoin as “fake money” because, according to him, about 80% of all available bitcoins are circulating in exchanges and financial markets, and are never truly used in any other industry, meaning they only serve investors. https://www.cryptocoinsnews.com/chess-legend-garry-kasparov-bitcoin-is-pure-speculation/
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An advisory committee to the U.S. Customs and Border Protection (CBP) is looking into the applicability of the blockchain and how it can be used within the agency.
According to a published report, the working group was established by the Commercial Customs Operations Advisory Committee (COAC) in September. It was initially set up by the COAC and the Customs and Border Protection to determine issues relating to new technologies or the advancement of existing technologies, which will have an impact on trade.
The group came up with 14 proposed use cases. They included ideas such as capturing and keeping track of partnering government agencies licenses, permits, certificate of origin reporting and free trade agreement product qualifications, carnets and bonded movement tracking.
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Xapo President: Biggest Bitcoin Companies Could Move to Bitcoin Cash or EthereumXapo will integrate SegWit after all, after the SegWit2x hard fork was called off by leading supporters including Blockchain, BitGo, ShapeShift, and its lead developer Jeff Garzik. But, Xapo President Ted Rogers cautioned the bitcoin industry and community that some of the biggest companies in the bitcoin market may move to more flexible and supposedly scalable cryptocurrencies like Bitcoin Cash or Ethereum, taking millions of users and large transaction volumes with them. Rogers stated: “My guess [is] biggest [bitcoin] companies are packing up to move to Bitcoin Cash or Ethereum, and will take millions users and transactions with them. Will still support bitcoin but not a focus for their future. Xapo still bitcoin only & will implement SegWit but wouldn’t waste your time pressuring the others.
https://www.cryptocoinsnews.com/xapo-president-biggest-bitcoin-companies-move-bitcoin-cash-ethereum/
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Goldman Sachs CEO Lloyd Blankfein Open to Bitcoin Trading DeskGoldman Sachs chief executive Lloyd Blankfein is still not comfortable with bitcoin, but he says that he would not prevent the firm from establishing an institutional bitcoin trading desk. Blankfein made these comments in an interview with CNBC, responding to rumors that Goldman Sachs is considering becoming the first blue-chip Wall Street firm to open a dedicated cryptocurrency trading desk. “I will tell you, it hasn’t crossed my desk to set up a bitcoin trading desk,” he said, “but I wouldn’t preclude it.” https://www.cryptocoinsnews.com/goldman-sachs-ceo-lloyd-blankfein-open-bitcoin-trading-desk/
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According to an article on Cryptocoinnews Bitcoin supporters generally welcome the cancellation of SegWit2x in the wake of disagreement among developers and miners over the proposed solution to the need for a larger bitcoin block size. Crypto observers generally believe the fork would have had a negative impact on bitcoin. What is your opinion? |
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We’re Looking ‘Very Carefully’ at Bitcoin: U.S. Treasury Sec. MnuchinU.S. Secretary of the Treasury Steven Mnuchin says that the federal government is concerned about the use of bitcoin in illicit dark web markets. In an interview with Yahoo Finance, Mnuchin stated that bitcoin is on the Treasury Department’s radar and that he is in conversations with regulators across the world about the correct approach to ensure that it is not used to make “illicit transfers of funds.” “It’s something we are looking at very carefully and will continue to look at,” Mnuchin said. “The first issue and the most important issue is to make sure that people can’t use bitcoin for illicit activities. So we want to make sure that you don’t have the dark web funded in bitcoins. And that’s something that is a concern of ours today.” https://www.cryptocoinsnews.com/were-looking-very-carefully-at-bitcoin-u-s-treasury-sec-mnuchin/
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Portugal’s Central Bank Governor: Bitcoin Isn’t a CurrencyHélder Rosalino, the governor of Portugal’s Central bank, Banco de Portugal (BdP), recently spoke to Portuguese publication ECO about bitcoin, cryptocurrencies, blockchain technology, and Fintech in general. To Rosalino, it’s important that people know “a cryptocurrency isn’t a currency” to Portugal’s central bank. To the financial institution’s governor, a currency needs to both store value and have the ability to be used as credit. Per Rosalino, when a central bank issues currency, it’s creating a liability on its balance sheet that needs to be paid. He stated (roughly translated): A currency, to be classified as such, needs to have two fundamental characteristics: The first is to associate itself with the idea of store of value, then, on that currency there must be a right to credit. When a central bank creates a currency, it creates a liability on its balance sheet that has to be paid. If, one day, everyone was to hand that currency over to their banks, than the central bank would have to pay, and the liability would be eliminated. https://www.cryptocoinsnews.com/portugals-central-bank-governor-bitcoin-isnt-a-currency/
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Taming Bitcoin Price Swings: CME to Place Limits on Bitcoin FuturesAhead of its planned bitcoin futures product, CME – the world’s largest exchange operator, will reportedly impose limits on bitcoin price fluctuations to avoid extreme volatility. According to the Wall Street Journal, the CME Group will impose trading halts across different tiers of price movements and a “hard cap” to completely restrict price swings at a certain level on any day. The first two ‘soft limit’ thresholds, as detailed by the report, will kick in at 7% and then again at 13% above or below the previous day’s settlement price to implement a ‘two-minute pause in trading’ of bitcoin futures. A complete circuit-breaker hard cap will prevent trading after price swings of over 20%, up or down, on any given day. https://www.cryptocoinsnews.com/taming-bitcoin-price-swings-cme-place-limits-bitcoin-futures/
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Bitcoin Pioneer Nick Szabo Declares Opposition to SegWit2XBlockchain, cryptocurrency and smart contracts pioneer Nick Szabo has become the latest high-profile figure to declare his opposition to SegWit2x. As one of Bitcoin’s original proponents, the move marks a further blow to SegWit2x in the eyes on the Bitcoin community, which already counts many of its most well-known names as detractors. Szabo this week also quoted a post on the upcoming Bitcoin hard fork by Chaincode Labs’ Alex Morcos, which pays special attention to SegWit2x’s lack of replay protection. http://bitcoinist.com/bitcoin-nick-szabo-opposition-segwit2x/
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Eine Bitcoin-Transaktion kostet 30 Euro Strom... Denn Erkenntnisse über den hohen Energieverbrauch von Bitcoins sind nicht neu. Schon Mitte 2015 hatte ein Journalist vorgerechnet, dass eine einzige Bitcon-Transaktion so viel Energie verbraucht wie 1,7 amerikanische Haushalte am Tag. Heute sind es übrigens schon 8,3 Haushalte. Der niederländische Wissenschaftler Sebastian Deetman hatte im Frühjahr 2016 Szenarien für den Energieverbrauch von Bitcoins berechnet. Die Ergebnisse für 2020 lagen zwischen dem Ausstoß eines kleinen Kraftwerks und dem Verbrauch Dänemarks. Dänemark verbraucht derzeit mit 33,3 Terrawattstunden noch 30 Prozent mehr als Bitcoins. ... http://www.faz.net/aktuell/finanzen/digital-bezahlen/eine-bitcoin-transaktion-kostet-30-euro-strom-15282063.html
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Several major energy firms are partnering on a new blockchain-based trading platform. BP, Shell and Statoil are backing the platform, which represents the latest application of the tech to the energy space. The consortium of firms built around the platform also includes ING, ABN Amro and Societe Generale, as well as trading firms, Gunvor, Koch Supply & Trading, and Mercuria.
The idea is that the blockchain-powered platform for energy trading will eventually be open to all market participants. Those involved in the effort say it will controlled by an independent entity, with a plan to be fully operational before the end of 2018.
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ICOs have become an attractive counterpart to traditional IPOs and venture capitalism, as ICOs are based on promising blockchain technology and typically have much less regulatory oversight. With so many options to choose from, however, investors can feel overwhelmed at the smorgasbord in front of them. 1. Gladius – DDoS Protection and CDNs 2. Indahash – Online Marketing through the Eyes of Blockchain 3. CanYa – Peer-to-Peer Services at Lower Cost 4. BitClave – The Search Engine that Protects Consumers First 5. Confideal More details on the respective ICOs here. |
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Nepal Continues Crackdown, Two More Bitcoiners ArrestedWhereas bitcoin exchanges and information are prized on other parts of the globe, in Nepal dealing in the world’s most popular cryptocurrency will get businesspeople arrested. After throwing nearly a dozen bitcoiners in jail not long ago, the government is at it again, arresting two others, pushing bitcoin further underground. In other parts of the world, where innovation is relatively freer and allowed to blossom, names like Ram Dhakal and Purusottam Dhar Tuladhar might be well-known convention circuit stars – gazillionaires much sought-after for their business drive. In Kathmandu and Pokhara, Nepal, those names are splattered online and in print as bitcoin criminals. https://news.bitcoin.com/nepal-continues-crackdown-two-more-bitcoiners-arrested/
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BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin’s ranking amongst some of the world’s most widely used and accepted currencies like the US dollar and Japanese yen. According to Lopp and the clone of the global M1 index he has created, bitcoin is currently ranked 32nd most valuable currency globally, with a market valuation of over $122 billion. The market cap of bitcoin is larger than many of the national currencies like the Singaporean dollar, Malaysian ringgit, Thai Baht, and Brazilian real.  Source: https://twitter.com/lopp/status/926890349284376576/photo/1 |
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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an end in the upcoming years. Reid stated: “Central banks and governments which have ‘dined out’ on the 35 year secular, structural decline in inflation are not able to prevent it rising as raising interest rates to suitable levels would risk serious economic contraction given the huge debt burden economies face. As such they are forced to prioritise low interest rates and nominal growth over inflation control which could herald in the beginning of the end of the global fiat currency system that begun with the abandonment of Bretton Woods back in 1971.” http://www.newsbtc.com/2017/11/05/53213/
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Ich habe gerade Hashgraph entdeckt. Der Hashgraph soll ein neuer Konsensalgorithmus sein, der einen radikal anderen Ansatz zum verteilten Konsens als die derzeitige Blockchain-Lösungen bietet. Entwickelt wurde er vom amerikanische Unternehmen Swirlds. Vorteile sollen u.a. geringe Wartezeit, geringe CPU-Anforderungen (kein Proof-of-Work erforderlich), geringe Speicheranforderungen und sehr hoher Durchsatz sein. Habt ihr davon schon was gehört und was meint ihr zu dieser Technologie? Könnte der Hashgraph nach Blockchains und DAGs nun die dritte Stufe der Entwicklung sein? Hier https://www.youtube.com/watch?v=wgwYU1Zr9Tg gibts übrigens ein gutes Video, dass den Hashgraph erklärt. |
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Bitcoin Dominance Index Surpasses 61% for First Time since MarchFor the first time since March of this year, the bitcoin dominance index has surpassed 61 percent, further solidifying bitcoin’s position as the leading digital currency within the global cryptocurrency market. From January to September, the dominance index of bitcoin has declined from around 90 percent to 30 percent. But, in the past few months, the dominance index of bitcoin has gradually increased and earlier this week, bitcoin dominance index surpassed the 60 percent mark at last. https://www.cryptocoinsnews.com/bitcoin-dominance-index-surpasses-61-first-time-since-march/
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China's Bitcoin Exchanges Are Shifting Business Models
Some of China's top bitcoin exchanges are now shifting to the over-the-counter (OTC) market in the wake of a crackdown by regulators in the country. In announcements made on Oct. 31, both OKEx and Huobi Pro said they will introduce peer-to-peer trading platforms that support fiat currency transactions, including the Chinese yuan, as an alternative for the country's domestic cryptocurrency investors. Based in Hong Kong, the two exchanges had previously provided solely crypto-to-crypto trading since being founded by their respective parent exchanges, Beijing-headquartered OKCoin and Huobi. They will now pivot toward a combination of the existing structure and the direct, peer-to-peer model. https://www.coindesk.com/chinas-bitcoin-exchanges-shift-p2p-model-domestic-crackdown/
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Argentina’s largest futures market is getting ready to dip its toes into the bitcoin ecosystem. As Bloomberg reports, the Mercado de Termino de Rosario — more commonly known as Rofex — is preparing to formally announce the addition of digital currency services to its platform. Following months of conversations, Rofex executives have created a preliminary framework that reportedly includes custody services, as well as the ability for clients to stake bitcoin as collateral for futures contracts. The formal announcement is expected to come by the end of the year. https://www.cryptocoinsnews.com/bitcoin-coming-to-rofex-argentinas-largest-futures-market/ |
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