DowBit - Daily Press News

[DowBit]

Cryptocurrency news – September 28

Dowbit.com is an international information service about cryptocurrencies.

1. Catapult by the end of the year – interview with NEM.io foundation president
2. Macau bans financing cryptocurrency companies
3. NXC takes over the Korean Korbit Exchange
4. ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism

1. NEM is currently the 7th biggest cryptocurrency by market capitalization. Project based on proof-of-importance allows not only to transfer funds but also building your own applications. Endeavour which has been in development for almost 2.5 years, is very close to publishing its long-awaited update – CATAPULT. More: http://dowbit.com/catapult-should-be-released-before-the-end-of-the-year-interview-with-lon-wong-president-of-nem-io-foundation/

2. The Monetary Authority of Macau (AMCM) has issued a statement prohibiting local financial institutions from providing services to companies issuing virtual currencies and tokens. These institutions will not be allowed to take part in projects or to finance entities dealing with cryptocurrencies. It is another step of China against money laundering and capital outflow from the country. More: http://dowbit.com/macau-bans-financing-cryptocurrency/

3. The NXC media giant bought the second largest Korean cryptocurrency exchange. Korbit was sold for a substantial amount of 80 million dollars. The official Korbit acquisition signals a turning point in the corporation’s approach to the cryptocurrency exchange sector. Until now, corporations have been looking for an opportunity to earn money by investing in various projects rather than taking them over. More: http://dowbit.com/nxc-takes-over-the-korean-korbit-exchange/

4. Quite recently we’ve heard JPMorgan’s Jamie Dimon strong criticism of Bitcoin, calling the whole scheme a fraud. Even though the criticism has met with a backlash from investors and the public, it seems that his opinion also provoked other members of the Wall Street financial club. This time, Jordan Belfort, the famous ‘Wolf of Wall Street’ follows JPMorgan CEO Bitcoin criticism. More: http://dowbit.com/wolf-of-wall-street-follows-jpmorgan-ceo-bitcoin-criticism/

See you tomorrow!

[1714601504]

1714601504

[1714601504]

1714601504

[1714601504]

1714601504

[DowBit]

Cryptocurrency news – October 2

Dowbit.com is an international information service about cryptocurrencies.

1. Gang robbing people buying Bitcoins was caught in New Delhi
2. Notes from Wicked Crypto Meetup
3. SEC filed charges against 2 ICOs
4. Bahrain is optimistic about Bitcoin 

1. A group of six people was arrested in New Delhi, India for robbing people. The group argued that they were buying bitcoins for real money. Thieves used to contact interested party through phone calls and Facebook messages and convinced the buyers to deal in cash for buying the Bitcoin. Once, they convinced the buyer and called them to the designated place, the other gang members would come into action and would then rob the victim. More: http://dowbit.com/gang-robbing-people-buying-bitcoins-was-caught-in-new-delhi/

2. Last Monday, Warsaw held the second Wicked Crypto Meetup. The main topic of the meetup was different aspects of blockchain technology – what is it, its uses and its future. The meeting took a form of the discussion panel with Lon Wong, president of the NEM Foundation (we had a chance of interviewing him after the Meetup) and Enrique Melero, previous COO at HSBC Private Bank and blockchain advocate. More: http://dowbit.com/notes-from-wicked-crypto-meetup-its-all-about-blockchain/

3. The American Securities and Exchange Commission, SEC, has filed charges against 2 ICOs – Real Estate Coin and Diamond Reserve Club. This is yet another movement of the agency against the offers of new tokens. However, all signs indicate that the regulator’s objections are well justified. Maksim Zaslavskiy, who is behind both ICOs, was accused of selling unregistered securities. More: http://dowbit.com/sec-filed-charges-against-2-icos/ 

4. It actually seems that Bahrain is optimistic about Bitcoin, cryptocurrencies and blockchain – seeing such government stance shows that they understand that the entire financial industry is being disrupted. It is the midst of a new technology and being rampant by the blockchain technology, which will unlock a whole new era for personal transactions. We might actually see Bahrain becoming a leader in adopting cryptocurrencies seeing that it is open to experiments, cooperation and discussions. More: http://dowbit.com/bahrain-is-optimistic-about-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 3

Dowbit.com is an international information service about cryptocurrencies.

1. Cryptocurrency mining scripts on popular websites
2. Goldman Sachs plans to introduce a cryptocurrency operations 
3. Bitcoin ATMs increasingly popular

1. An increasing number of websites is using cryptocurrency mining scripts to make money on their users. When you visit their service, the CPU is under maximum load from Javascript, which uses the computing power of your computer to mine Monero. How do I protect myself from unwanted power consumption and equipment wear? Will this trend affect the cryptocurrency market? More: https://dowbit.com/cryptocurrency-mining-scripts/

2. Goldman Sachs, one of the world’s largest investment banks, is exploring the possibility of introducing a new trading operations based on cryptocurrencies. This is a response to what the spokesperson described as “client interest in digital currencies”. The Wall Street Journal explains that the study is ongoing and may not yield any results. More: https://dowbit.com/goldman-sachs-plans-to-introduce-a-cryptocurrency-operations/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

See you tomorrow!

[sweetdesirez]

Good crypto blog with current topics, albeit they are published before you do, but at least getting them all in one place. Appreciate your research and hope you will keep up the good work and wishing your website every success, including getting listed in Google News

[DowBit]

Cryptocurrency news – October 4

Dowbit.com is an international information service about cryptocurrencies. 

1. BitBay Boxing Night Gala – Polish exchange to sponsor boxing event
2. Charlie Lee warns investors, Litecoin can lose up to 90%? 
3. Bitcoin ATMs increasingly popular
4. Morgan Stanley CEO less skeptical towards Bitcoin

1. The biggest polish cryptocurrency exchange BitBay started to focus all efforts on marketing. Not only they have created the new version of their platform, BitBay 3.0 but also have decided to reach a bigger audience and sponsor BitBay Boxing Night Gala. More: https://dowbit.com/bitbay-boxing-night-gala-polish-exchange-to-sponsor-boxing-event/

2. All investors are always warned that the investments involve risks. The phrase that you should not invest more than you can afford to lose is being repeated like a mantra. However, when the creator of Litecoin, Charlie Lee warns investors that his cryptocurrency may lose up to 90% of value next year, the situation may be worrying. More: https://dowbit.com/charlie-lee-warns-investors/

3. Currently, there are 1592 Bitcoin ATMs (also called BTMs) in 59 countries. The undoubted leader is the United States, which has almost 1000 Bitcoin ATMs. Canada and the United Kingdom take 2nd and 3rd place with 255 and 85 BTMs respectively. More: https://dowbit.com/bitcoin-atms-increasingly-popular/

4. More and more people are convinced to Bitcoin as a means of investing money. Of course, this number is dependent on multiple factors. In particular, such factor is the opinion of market influencers, e.g. banks CEOs. And recently the opinion of CEOs and investors is varying a lot. Fortunately, Morgan Stanley CEO through his opinion may trigger a positive market reaction. More: https://dowbit.com/morgan-stanley-ceo-less-skeptical-towards-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 5

Dowbit.com is an international information service about cryptocurrencies.

1. Over 10 000 people want BTC and LTC payments in Amazon
2. Extradition of Alexander Vinnik – justice or a dangerous precedent?
3. Two government employees fired for mining Bitcoins at work
4. Will the new banking cryptocurrency replace Bitcoin?

1. Even though cryptocurrency payments are currently significantly limited, number of their advocates is increasing every day. Petition for Amazon to introduce payments using Bitcoin and Litecoin was signed by 10 000 people already! More: https://dowbit.com/over-10-000-people-want-btc-and-ltc-payments-in-amazon/

2. Alexandr Vinnik’s troubles continue – yesterday the court agreed to his extradition to the United States. Vinnik was arrested in July in Greece and accused of laundering 4 billion dollars through the BTC-e exchange. According to Russian lawyers, he should not be brought to court in the USA because BTC-e is not an American company and does not operate in the country. However, this case goes deeper than that – there are connections between the exchange and accounts involved in stealing money from Mt. Gox. More: https://dowbit.com/extradition-of-alexander-vinnik/

3. You have to be really careful when you do stuff unrelated to your work on the computer provided by employer. Last month, two IT specialists working in the government of Crimea were fired. The reason was peculiar: they were mining Bitcoins at work using government computers. More: https://dowbit.com/two-government-employees-fired-for-mining-bitcoins-at-work/

4. Six global banks have worked together to introduce a new form of virtual currency called “utility settlement coin” (USC). The team includes Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, Japanese Mitsubishi UFJ (MUFJ) and State Street. More: https://dowbit.com/will-the-new-banking-cryptocurrency-replace-bitcoin/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 9

Dowbit.com is an international information service about cryptocurrencies.

1. What will France’s approach to the ICO be?
2. First atomic swap between Ethereum and Bitcoin
3. Will IMF cryptocurrency replace bitcoin?
4. Bitflyer’s Bitcoin prepaid card

1. According to the national regulator of the financial markets, France is seeking to draw up rules covering fund collections through the ICO. Speaking last week in Challenges‘ business magazine, Robert Ophele, President of AMF (Autorite des marches financiers), said that his agency was seeking to formalize the Blockchain technology regulations, citing the growing interest in this technology in France. More: https://dowbit.com/what-will-frances-approach-to-the-ico-be/

2. The decentralized cryptocurrency exchange, Altcoin Exchange informed that on 7th of October their team successfully conducted the first atomic swap between Ethereum and Bitcoin. According to the startup, it is their first step towards the creation of a trustless exchange process. More: https://dowbit.com/atomic-swap-between-ethereum-and-bitcoin/

3. International Monetary Fund is strongly committed to creating their own cryptocurrency. According to the Wall Street Journal, IMF cryptocurrency is a response to Bitcoin, which aims to centralize the cryptocurrencies and replace the dollar as a reserve currency. More: https://dowbit.com/will-imf-cryptocurrency-replace-bitcoin/

4. Bitflyer, the largest Japanese Bitcoin exchange in terms of volume, has released its own prepaid Visa card. The cards will be able to be funded in BTC through the exchange itself or other Bitcoin wallets. Bitflyer’s Bitcoin prepaid card will be denominated in Japanese yen and its users will have to take into account relatively low deposit limits. However, this is yet another step towards global cryptocurrency adoption. More: https://dowbit.com/bitcoin-prepaid-card-biflyer/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 11
 Dowbit.com is an international information service about cryptocurrencies. 

1. Russia about to cut access to all cryptocurrency exchanges
2. Bitcoin enthusiast sells everything to buy more Bitcoins
3. Ukraine is working on a law prohibiting the use of cryptocurrencies
4. Fujitsu and 3 largest banks are developing a money transfer system 

1. According to the latest RBC news, Russian Central Bank in cooperation with the general prosecutor is working on shutting down access to all cryptocurrency exchanges operating in Russia. Shvetsov added that Russian Central Bank has its opinion on cryptocurrencies – those financial instruments don’t allow regulatory bodies to successfully secure participants’ assets. He also added that digital currencies have no legal definition. More: https://dowbit.com/russia-about-to-cut-access-to-all-cryptocurrency-exchanges/

2. We’re all passionate about Bitcoins and cryptocurrencies. We love them, we love the concept and we love being in the same community. However, the question is how deep is your love for Bitcoins? Probably not as deep as this one guy who sold everything to accumulate Bitcoins. And his wife is okay with that. More: https://dowbit.com/bitcoin-enthusiast-sells-everything-to-buy-more-bitcoins/

3. On 6 October 2017, the Ukrainian Parliament (Verkhovna Rada) received a proposal of a law to regulate cryptocurrency-related issues (mentions had already appeared before). The Act authorises the Central Bank of Ukraine to regulate cryptocurrencies. While the cryptocurrencies are subject to the tax law of the country, the Act waives any warranties and consumer protection by the Government of Ukraine. More: https://dowbit.com/ukraine-is-working-on-a-law-prohibiting-the-use-of-cryptocurrencies/

4. Fujitsu, a technology tycoon and three major banks have announced plans to pilot a peer-to-peer money transfer system based on blockchain technology. They will test the blockchain platform on a cloud transferring funds between individuals, but also between mobile applications to increase the usability of the system. More: https://dowbit.com/fujitsu-and-3-largest-banks-are-developing-a-money-transfer-system/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 16

Dowbit.com is an international information service about cryptocurrencies.

1. Residence in Notting Hill only for Bitcoin
2. Russia will issue ‘CryptoRuble’
3. South Korea will impose Bitcoin tax

1. Buyers wishing to purchase a residence in Notting Hill will have to be in hold of Bitcoins. The six-storey residence near Portobello Road is worth £17 million and will soon be available for sale. You will only be able to purchase it with Bitcoins. Most probably it is the first offer of this kind in London. More: https://dowbit.com/residence-in-notting-hill-only-for-bitcoin/

2. Recently, we’ve received various statements from Russian government. Both president Vladimir Putin and Russian Central Bank have issued statements on cryptocurrencies. Both of them were strongly skeptical about cryptocurrency development in Russia. Today we know that those words announced action, which can jumpstart the idea of national cryptocurrencies. However, the idea has taken a different turn than expected. More: https://dowbit.com/russa-will-issue-cryptoruble/

3.  According to South Korean National Tax Service, authorities have discussed the possibilities of Bitcoin tax. Han Seung-Hee, commissioner of the National Tax Service proposed to lawmakers how to tax cryptocurrencies. Most likely, not only Bitcoin will be taxed but all cryptocurrencies. More: https://dowbit.com/south-korea-will-impose-bitcoin-tax/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 17

Dowbit.com is an international information service about cryptocurrencies. 

1) Lisk – smart money or a nail to the coffin?
2) Will China accept Bitcoin again?
3) IBM along with KlickEx and Stellar are creating a universal payment system
4) SEC Representative: Bitcoin bubble is real

1) Many people got interested in the Lisk project due to the upcoming rebranding, which was supposed to take place in September. In the past, when other cryptocurrencies were rebranding, their value would rise even by a few hundred percent in a very short period of time. This is one of the reasons why there was a significant inflow of new capital into Lisk, which made its price shoot up by over 300%. More: https://dowbit.com/lisk-smart-money-or-a-nail-to-the-coffin/

2) Undoubtedly, Chinese officials find it hard to accept Bitcoin and cryptocurrencies. There is no need to remind how drastic were the ICO and cryptocurrency exchange bans. We all remember how Bitcoin dropped from almost $5000 to $3100 as a result of Chinese regulations. However, there is still a chance that China will accept Bitcoin again. More: https://dowbit.com/will-china-accept-bitcoin-again/

3) IBM and KlickEx have announced that Stellar, a nonprofit organisation supporting an open source blockchain network, is a key element of a “new international payment solution”. IBM is already calling a group of large partner banks to take further initiatives in what is called the first public use of blockchain to facilitate international payments. Among the members there are National Australia Bank, TD Bank and Wizdraw (HK) of WorldCom Finance. More: https://dowbit.com/ibm-along-with-klickex-and-stellar-are-creating-a-universal-payment-system/

4) Among SEC representatives, Bitcoin is a very delicate discussion topic which can raise multiple controversies. This time, usual SEC’s Investor Advisory Committee meeting has turned into explosive dialogue. The tension was caused by one representative saying that Bitcoin bubble is real. More: https://dowbit.com/sec-committee-bitcoin-bubble-is-real/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 23

Dowbit.com is an international information service about cryptocurrencies.

1. Wallets ready for Bitcoin Gold: how to be prepared for the fork?
2. Bank closes accounts because of Bitcoin transactions
3. Will Japan continue to be a cryptocurrency giant?
4. Is there a fair price for Bitcoin? BlackRock says no

1. Only a couple of hours are left before Bitcoin Gold hard fork is activated. Even though November SegWit2X hard fork is more important for BTC future, plenty of people hope for free tokens. So where should we keep our Bitcoins in order to receive BTG? Which wallets are ready for Bitcoin Gold?
More: https://dowbit.com/wallets-ready-for-bitcoin-gold/

2. And again, we’re witnessing a story where bank closes all accounts because of Bitcoin transactions. One of Reddit users reports that bank BNP Paribas is closing all of his bank accounts in less than 60 days because of “bitcoin”. The frustrated user is looking for other people with similar stories as he intends to contact some reputable journalists about doing a story on this subject.
More: https://dowbit.com/bank-closes-accounts-bitcoin-transactions/

3. Japan recognises Bitcoin as a legal mean of payment and therefore is the largest user of Bitcoin. Japan’s approach is very supportive towards ICOs. Co-founder of IndiesSquare, Kogi Higashi, is not convinced however, that Japan is a safe market for ICOs. He believes that the conservative and risk-free nature of many industries in Japan can trigger bans.
More: https://dowbit.com/will-japan-continue-to-be-a-cryptocurrency-giant/

4. Richard Turnill, the chief investment strategist for world’s largest asset manager, BlackRock, said that there is no ‘right or wrong’ price for Bitcoin. In an interview with Business Insider, he said that he doesn’t know what’s the “fair” price for Bitcoin.
More: https://dowbit.com/is-there-a-fair-price-for-bitcoin-blackrock-says-no/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 24

Dowbit.com is an international information service about cryptocurrencies.

1. Bitcoin Gold – so far not so good?
2. Wolf of Wall Street: ICOs are scam
3. BitMEX told users to “sell ShitCoin2x”
4. British banks refuse to service DLT startups

1. Yesterday we’ve witnessed the anticipated Bitcoin hard fork. Although more people are focused on the November’s SegWit2x activation, the promise of ‘free coins’ has successfully brought attention of the cryptocurrency community and jacked up BTC price to new historical levels. So one can ask, where are my BTG? It seems that Bitcoin Gold after fork works worse than expected.
More: https://dowbit.com/bitcoin-gold-after-fork/

2. Jordan Belfort, the infamous Wolf of Wall Street, speaks about cryptocurrencies again! This time he critiques the ICOs: “Promoters are perpetuating a massive scam of the highest order on everyone. Probably 85 percent of people out there don’t have bad intentions, but the problem is, if five or 10 percent are trying to scam you, it’s a f**king disaster. It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse than anything I was ever doing.”
More: https://dowbit.com/wolf-of-wall-street-icos-scam/

3. Over a week ago, cryptocurrency exchange BitMEX announced that it will not support SegWit2x. According to their blogpost, the exchange won’t deal with rival Bitcoin chains under any circumstances, because SegWit2x will put customers’ assets in danger. The exchange has published a trading strategy called “Trading ShitCoin2x”. The dedicated trading strategy is based purely on selling the ‘shitcoin‘.
More: https://dowbit.com/bitmex-told-users-to-sell-shitcoin2x/

4. British startups working with Distributed Ledger Technology have problems with access to banking services. The Information was brought by the UK Financial Conduct Authority. In in the report prepared, FCA stated that it’s witnessing a regular denial of banking services from certain banks to companies that use the regulatory sandbox program. It concerns mainly both electronic payments and digital currency companies.
 More: https://dowbit.com/british-banks-refuse-to-service-dlt-startups/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 25

1. Bitcoin scaling debate – the history of agreements
2. Bitcoin payments on amazon will happen?
3. It’s official: Russia regulates ICOs and mining
4. DEA: Bitcoin is used for money laundering

1. Among pros of transacting using Bitcoins, the first thing that comes to mind is its speed and relatively low costs. Unfortunately, as the BTC network develops and number of transactions and users started to grow like a flash, the situation is starting to change. Bitcoin scaling debate was supposed to provide solutions for constantly growing time and cost of transactions.
More: https://dowbit.com/bitcoin-scaling-debate-history/

2. The online retail giant Amazon could finally allow Bitcoin as a mean of payment relatively soon. At the moment it’s only a rumor, however, there are corresponding facts that Bitcoin payments on Amazon will happen even this year. Cryptocurrency community has created a petition in order to voice their need for Bitcoin payments on Amazon.
More: https://dowbit.com/bitcoin-payments-on-amazon-will-happen-rumour/

3. That was expected to happen sooner or later: Russia regulates cryptocurrencies and mining. As reported by the Russian media RNS, President Vladimir Putin has signed the bill on ICO regulation and cryptocurrency mining. Kremlin’s press service formally announced the news on Tuesday, explaining that ICO regulatory status will be similar to Russian regulation of IPOs.
More: https://dowbit.com/its-official-russia-will-regulate-icos-and-cryptocurrency-mining/

4. American Drug Enforcement Agency (DEA) released the report concerning drug trade. A big part of it was dedicated to cryptocurrencies and their use in illegal activity. DEA points out that many Chinese companies can be accused of money laundering due to using bitcoin in transactions.
More: https://dowbit.com/dea-bitcoin-is-used-for-money-laundering/

See you tomorrow!

[DowBit]

Cryptocurrency news – October 26

1. Hong Kong Bitcoin Community against SegWit2x
2. Another BTC hardfork? Get ready for Bitcoin Silver!
3. 7nm Bitcoin mining chips from Japan – ICO will fund the project?

1. The closer we get to the awaited SegWit2x hard fork, the stronger gets the resistance against it. This time both the Hong Kong Bitcoin Community and Bitcoin Association of Hong Kong have issued a statement in which they officially condemn the Bitcoin hard fork.
More: https://dowbit.com/hong-kong-bitcoin-community-against-segwit2x/

2. Even more exchanges are pulling back SegWit2x support and there is a new fork on the horizon. This time, get ready for Bitcoin Silver. Developers team of Bitcoin Silver communicated through Bitcointalk forum, that their plan is to “Make Bitcoin decentralized again”.
More: https://dowbit.com/another-btc-hardfork-get-ready-for-bitcoin-silver/

3. GMO – Japanese internet group has announced their plans to start selling new generation of BTC mining chips. Funds for 7nm Bitcoin mining chips are going to be raised through ICO. GMO plans to spend 10 billion yen (almost 90 million dollars!) in total to develop ASIC chipsets and miniaturize the technology.
More: https://dowbit.com/7nm-bitcoin-mining-chips-ico/

See you tomorrow!

[DowBit]

Cryptocurrency news – November 2

Dowbit.com is an international information service about cryptocurrencies.

1. Amazon buys cryptocurrency-connected domains
2. Bitcoin Cash hard fork – yet another unnecessary split?
3. BitPay will halt deposits and withdrawals before SegWit2x
4. Ron Paul defends Bitcoin from US government

1. Amazon is always a hot topic among cryptomaniacs. This time, however, it’s not about Bitcoin payment availability. Most probably, Amazon wants to protects its brand. This might be the reason why the company bought domains such as amazonethereum.com, amazoncryptocurreny and amazoncryptocurrencies.com. More: https://dowbit.com/amazon-buys-cryptocurrency-connected-domains/

2. One fork isn’t equal to other. Lately we’ve witnessed various types of hard forks. Bitcoin holders had the possibility to get ‘free’ coins which took form of Bitcoin Cash and Gold. In the meantime, Ethereum experienced implementation of crucial changes (Byzantium) without creating new cryptocurrency. What will happen on the 13th of November, when Bitcoin Cash hard fork is planned? More: https://dowbit.com/bitcoin-cash-hard-fork/

3. On a post on their blog, BitPay has announced that it will support the chain that has the bigger difficulty after the fork. According to them, lots of users of the exchange support Segwit2x but there are also some that do not, and according to the post, this decision was taken in order to guarantee the safety and security of the users and their assets. Furthermore, BitPay has announced that it will halt all deposit and withdraw transactions 24 hours prior to the fork. More: https://dowbit.com/bitpay-will-halt-deposits-and-withdrawals-before-segwit2x/

4. Ron Paul, the Republican two-time Presidential candidate said that “Government should keep their nose out of bitcoin and allow competing currencies to thrive”. He admitted that government interest in cryptocurrencies made him ‘a little bit nervous’ and warned others to be more cautious. More: https://dowbit.com/ron-paul-defends-bitcoin-from-us-government/

See you tomorrow!

[DowBit]

Cryptocurrency news – November 6

Dowbit.com is an international information service about cryptocurrencies.

1. Ukraine works on cryptocurrency tax exempt
2. Is it the end of fiat money? Deutsche Bank strategist says so
3. You can buy Bjork’s new album using cryptocurrencies
4. Coinbase welcomes 100,000 new users!

1. Ukrainian parliament has put together a bill which will allow to change Ukrainian Tax Code and create a tax exempt from all cryptocurrency transactions, including mining, purchasing and selling them. The president of Ukrainian Parliament Taxation and Customs Policy Commission, Nina Yuzhanina, has submitted to the parliament a bill in regard to cryptocurrencies and its derivatives. More: https://dowbit.com/ukraine-works-on-cryptocurrency-tax-exempt/

2. Fiat money has disappointed us a few times already, causing the need for change. Jim Reid, the strategist from Deutsche Bank, wrote a paper that suggests fiat money will disappear from our economy, but it’s yet to be established what will be a replacement for it. He argues that it might be possibly replaced by cryptocurrencies. More: https://dowbit.com/is-is-the-end-of-fiat-money-deutsche-bank-strategist-says-so/

3. Bjork, an Icelandic artist, is a well-known persona in the music world. Her music and performances are reverberating in all corners of the world, especially since the artist has been on stage for more than 30 years. She’s known for breaking many artistic barriers, creativity… and this time Bjork will be also known for the first music album which can be purchased also via cryptocurrencies. More: https://dowbit.com/bjork-buy-new-album-cryptocurrencies/

4. After CME Group has announced its plans to introduce derivatives based on Bitcoin, within 24 hours the biggest US cryptocurrency exchange, Coinbase, has reached the record number of new users – over 100,000 new users have registered since CME made its announcement. Such radical growth of a number of users wasn’t caused by CME announcement only. October, in contrast to previous months, was marked by the considerable growth of cryptocurrency market value. More: https://dowbit.com/coinbase-welcomes-100000-new-users/

See you tomorrow!

[DowBit]

Infographic: Future bitcoin value - https://dowbit.com/future-bitcoin-value-infographic/

[DowBit]

Infographic. Proof of work vs proof of stake: https://dowbit.com/infographic-proof-of-work-vs-proof-of-stake/

[DowBit]

➡️Cryptocurrency news – November 20⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. Atomic swap between Bitcoin and Litecoin completed succesfully
2. Abucoins now offers BTG deposits and withdrawals
3. ‘Bitcoin Jesus’ Roger Ver declares Bitcoin Cash to be the real Bitcoin
4. Visa launches its pilot blockchain payment system!

1. This week, the Lightning Labs development team successfully swapped Bitcoin and Litecoin through its atomic swap channel. The coins changed hands with no transactions being recorded on blockchains. The test was done on a local machine, with two nodes being created to monitor Bitcoin and Litecoin testnets. Lightning Labs developer, Conner Fromknecht, created a lightning channel that sent litecoin from one node to the other, then the latter returned Bitcoin. More: https://dowbit.com/atomic-swap-between-bitcoin-and-litecoin-completed-succesfully/

2. Abucoins becomes the second cryptocurrency exchange to support Bitcoin Gold deposits and withdrawals, after the European giant HitBTC. Due to the high user demand for access to the forked coins, the exchange felt obliged to meet their needs whilst maintaining safety standards. According to the tweet, the available markets are BTG/PLN, BTG/EUR, BTG/USD and BTC/BTG. More: https://dowbit.com/abucoins-offers-btg-deposits-and-withdrawals/

3. Roger Ver is famous for his Bitcoin advocacy, but since Bitcoin Cash (BCH) came out, he insists that it is the future of Bitcoin. Earlier this year, divergent groups within Bitcoin’s community couldn’t agree on the scaling solution. Ver is adamant about Bitcoin Cash’s potential, tweeting constant praise. He says that Bitcoin Cash is not exactly a ‘better Bitcoin’, but a return to the original functionality that Bitcoin intended. More: https://dowbit.com/bitcoin-jesus-roger-ver-declares-bitcoin-cash-to-be-the-real-bitcoin/

4. In 2016, Visa announced its blockchain intentions, and now they have released their B2B Connect in a pilot version. This will facilitate international payments through direct blockchain transactions, reducing costs. During B2B Connect’s development, Visa cooperated with institutions such as the American Commerce Bank, the South Korean Shinhan Bank, and Chain, a blockchain tech startup. More: https://dowbit.com/visa-launches-its-pilot-blockchain-payment-system/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

See you tomorrow!

[DowBit]

➡️Cryptocurrency news – November 23⬅️

Dowbit.com is an international information service about cryptocurrencies.

1. New Ethereum ATH and record number of transactions
2. 6 reasons why Dash price is going up
3. Bitcoin Cash: Are you trying to pump me up again? Well, not really
4. JP Morgan intrested in futures on Bitcoin

1. A few weeks ago, we discussed a new record number of transactions in the Ethereum network. Since then, Vitaliko Buterin has achieved another spectacular success. USD 402.37 is the new Ethereum ATH. After a relatively long period of stabilisation, the world’s second cryptocurrency world has recently entered an upward trend. How did this happen? More: https://dowbit.com/new-ethereum-ath-and-record-number-of-transactions/

2. Dash keeps soaring to new heights! Yesterday it went over $500, and it keeps going! Since yesterday, its ATH is $590 but, unfortunately, it didn’t break the record today, as the price slightly fell, to a bit over $560. Let’s take a look at 6 reasons why Dash is so hot right now. More: https://dowbit.com/6-reasons-dash-price-rising/

3. Bitcoin Cash is increasing in price. Again. It increased by almost 32% to $1568 on Thursday afternoon. Last week brought quite a bit of news fo Bitcoin Cash, but it seems that the price jump is mostly related to announcements about the Bitwala wallet and the cryptocurrency exchange, Bitstamp. More: https://dowbit.com/bitcoin-cash-are-you-trying-to-pump-me-up-again-well-not-really/

4. JP Morgan’s CEO, Jamie Dimon,  has been a staunch opponent of Bitcoin for many years. According to the Wall street Journal, JP Morgan is considering making it possible for its clients to use the derivatives introduced by CME. This is certainly a change of opinion, which will attract great interest from all those who have recently been following the bank’s, and Jamie Dimon’s, activity. More: https://dowbit.com/jp-morgan-intrested-in-futures-on-bitcoin/

➡️Sign for latest cryptocurrency news delivered via Facebook Messenger and be always up to date: https://m.me/Dowbit?ref=DailyNews

See you next time!