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November 17, 2017, 08:23:19 PM
 #21

Blockchain corridor between Europe and America

The payment system American Express announced the long-awaited news: now money transfers from Europe to America and back will take not one or two days, as it used to be before, but several seconds. This was made possible due to cooperation with the Ripple settlement system, which provided its RippleNet blockchain to create an intercontinental corridor. According to Marcus Triher, the head of Ripple, this corridor is not only fast, but also safe. Europe uses a platform of British Santander. It is noted that the corridor uses a perfect blockchain, and the operation now takes less than 9 seconds.

Let`s recall that an attempt to connect Europe and the States has already been made in the cooperation of Ripple and the Swedish bank SEB.
The corridor will be managed by a special unit of AmEx.
The market has immediately reacted to the news. On Thursday, XRP tokens, the currency of the Ripple system, increased more than twice, and the daily trading volume — fourfold. Now the market capitalization of XRP is at around $ 9.2 billion.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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November 18, 2017, 08:50:57 PM
 #22

NEO, you’re the chosen one!

The so-called Chinese Ethereum, namely the NEO project, announced that the important news will be released in the next three days. The market reacted immediately, raising the rate of tokens by one third.

There is a suggestion that during this period the Chinese authorities will announce a plan for regulating the market of cryptocurrency, and NEO will receive direct state support.

Whatever it was, it should be noted that this is a good and cunning move from the project`s managers – the rate has been raised and they`ve reminded of themselves once again.

Let’s notice that from China, as well as from a lot of other countries, the most controversial news about state cryptocurrency regulation come. First they turn off the electricity for miners, then they prohibit the trade of cryptocurrency for yuan, then vice versa – they launch new projects. All this despite the fact that Tianxia is the world leader in the mining capacities and production of equipment for it.

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November 20, 2017, 09:43:19 PM
 #23

Bitcoin should or should not be?

Against the backdrop of different countries and banking community`s extensive criticism of cryptocurrencies, whose main claim is the lack of control and the possibility of their use in the shadow economy and the financing of terrorism, the price of bitcoin broke through 8000 dollars per unit. There are many opinions on the future of the first cryptocurrency. Some people believe that the price for a bitcoin should not exceed one hundred US dollars, others that it will reach 400,000 dollars for one coin.

Meanwhile, in Zimbabwe the exchange rate reached 14,000, which is explained by the coup d’état that took place last week.

Trading platform LedgerX announced the launch of the first option for bitcoin for a year in advance.

So what will happen to the bitcoin rate? Most likely, nobody knows one hundred percent. However, after reading the news feeds attentively, a strong feeling that there is no reason for its collapse appears.

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November 21, 2017, 10:40:36 PM
 #24

Hackers being ferocious

Tether, a cryptocurrency equivalent of dollar, created in order to make transactions between the largest cryptocurrency exchanges, in its official statement reported on the actions of intruders, which resulted the theft of 30,950,010 tokens USDT, which corresponds to 30.95 million dollars. The transfer to an unauthorized bitcoin address was made in November 19.

Tether takes the nineteenth place at the world`s cryptocurrency value with a market capitalization of $ 673 million, whose tokens are bound to fiat currencies.

The company makes every effort to ensure that the stolen funds do not flow into the bitcoin ecosystem.

The market reacted to the news with a drop in the bitcoin rate by 5.4 percent. The largest cryptocurrency exchanges announced the stop of bidding of Tether tokens until the situation stabilizes. In particular, Huobi.Pro and OKEx did so.

This is not the first major hacker attack on the cryptocurrency market. For example, a few months ago, Bithumb’s cryptocurrency exchange was hacked and the attackers took over 32,000 users` personal data, which is about 3% of the total.

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November 23, 2017, 08:47:27 AM
 #25

J.P. Morgan will crawfish?

One of the most principle bitcoin critics J.P. Morgan is considering the possibility of providing the access to Bitcoin CME Group futures to clients. Now the company is studying the demand for this service. It was told by The Wall Street Journal.

The reason for that may be the headship of the giant from Wall Street recognition of institutional investors` increased interest in the cryptocurrency market, as well as the recent money laundering scandal.

Apropos CME Group announced bitcoin futures launch starting December 10, 2017. However, according to recent reports, it has been indefinitely postponed. CME Group explained the situation by futures testing by CME regulator.

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November 24, 2017, 04:29:04 PM
 #26

Where shall we get electricity?

Digiconomist and Power Compare think that with the current growth pace of electricity consumption for bitcoin mining, which we can see now, by February 2020 all generated electricity will be spent on mining of the first cryptocurrency. That was reported by ITWire.
For example, during the last month, the energy consumption of the industry has increased by 30 percent. A surge of the popularity of the subject and an increase of the complexity of computing blocks can be an explanation of this.
According to statistics, global electricity consumption today is 29.05 terawatt-hours (TW/h, TW/h), which is, for example, about 13 percent of Australia and more than 12 US states` consumption.
As it was previously reported, analyst Citigroup Christopher Chapman said that by 2022 cryptocurrency will become unprofitable because of high power intensity.
It is expected that the deficit and cost of electricity will make business and government seriously engage in alternative sources and developments to reduce consumption.

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November 25, 2017, 12:51:15 PM
 #27

Blockchain and the new world order
The other day the Japanese village of Nishiwakura announced a carrying out of an ICO for the infrastructure`s update and the economy recovery. Today it became known about the similar intentions of the authorities of Bermuda. Such news make think about the following.
Will technological progress lead to a change in the world order? Agree, the first thing that comes to mind is that it will soon be a common practice to raise funds to solve local problems of building an apartment, a street, a village, a city or a region by means of funds brought through ICO, without appealing to a state. On the one hand, it can give an impetus to the development of the economy and infrastructure, on the other — the weakening of a central state machine, when every small administrative unit will achieve economic independence.
And if blockchain leads to the decentralization of power, the economic freedom of small administrative units, it can be said with certainty that it has changed the world. It remains only to believe that each day there will be more and more news like the one that came from the Japanese village of Nishyavakura.

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November 26, 2017, 02:32:25 PM
 #28

Cryptocurrency in everyday life
The debit card VISA is planned to be issued by developers of Monaco cryptocurrency. This they reported on their Twitter. The exact date of the appearance of payment instruments is not known yet, but the same message says that the news related to this will appear in the nearest future.
The video which presents the cards` demo is posted on YouTube. They are well designed and claim to be premium ones.
The news aroused great interest among audiences from all around the world, from the Netherlands to Australia, — in the comments to the video, many expressed the desire to get a plastic card.
This is another step in the introduction of cryptocurrency in our daily lives. More and more stores are accepting bitcoins, installing cryptomats, which you can use to carry out digital money transactions.
Let`s recall that last week London Block Exchange released DragonCard Visa for purchase and cryptocurrency cashing out transactions.

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November 26, 2017, 05:20:32 PM
 #29

The rate is growing, but tokens are faster!
To buy cheaper, to sell more expensive. The cryptocurrency rate has gone up, and the decision to wait a little to purchase digital money is obvious. However, it is not about the Mining Now project participation!
Because the administration of the project guarantees that MNW tokens are recalculated at the maximum rate of cryptocurrency at the time of their purchasing or at the end of the ICO. Thus, each investor`s money will work with the maximum benefit for him while providing additional financial protection. MNW token is an investment capitalization that does not need to be advertised.

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November 28, 2017, 02:23:56 AM
 #30

4 million bitcoins – it`s not a joke!

Bitcoin has recently been in the highlight of the world media. At the weekend, it updated the price record, exceeding over 9.000 dollars for a coin.

Against the backdrop of its price the Chainalysis project`s study hurts psyche even more. It announced that from 2.78 million to 3.79 million bitcoins have disappeared from the turnover forever. Among mentioned reasons, there are erroneous transactions, loss of wallets` passwords, etc. At today’s rate, it is $ 25-35 billion.

The company says that due to the powerful growth of bitcoin prices, coin holders are becoming more attentive to their assets. Nevertheless, the amount of the cryptocoins that potentially fall out of the turnover will only grow. The project does not specify the methodology of the study, but it is known that Europol and the US Internal Revenue Service apply to their services.

It is not entirely clear whether the coins kept on CoolWallets were taken into account in the study. But anyway, the scale of losses is impressive.

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November 28, 2017, 08:11:10 PM
 #31

Expect the worst …
The mystery of the century — who is the creator of Bitcoin Satoshi Nakamoto? Yesterday, it was reported that a former employee of SpaceX project, Sakhil Gupta, has every reason to believe that bitcoin was created by the legendary innovator and engineer Ilon Mask. Admit it, this would be quite expected and logical, considering all the merits of this outstanding personality!
Today Ilon disproved this supposition on his Twitter. He said that his friend had once transferred a bitcoin to him, but the fate of the money is unknown to Mask.
By the way, talking about the fate of cryptocoins. Without exaggeration, the heartbreaking story happened to a resident of Newport, Rhode Island, USA, James Howells. In 2009 he mined 7500 bitcoins at home. The laptop which the bitcoins were kept on broke down and he got rid of it, saving only its hard drive. After a while, forgetting about the presence of cryptocurrency on the HDD, he simply threw it away.
A spokeswoman of the city council in Newport said that even if someone finds a treasure lost by the poor fellow, it will certainly be returned to the owner. The attitude of local authorities is worthy of respect, isn`t it?
And in the meantime, remembering that the bitcoin`s exchange rate has exceeded $ 10,000 dollars, it’s easy to calculate how much James` forgetfulness cost him…

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November 30, 2017, 02:35:17 AM
 #32

Smartphone instead of passport
The Reform research center made an offer to the British government to develop a system for identifying citizens based on blockchain technology. This interface should lead to a reduction in bureaucracy and simplification of interaction between the state and citizens.
As Reform states, the blockchain platform should become a supplement to existing resources, systematize the divergent information of departments and in the long term replace passports. Every British can sign up on a special website or a smartphone application, giving the state access to their personal data. To support the process of recognizing a person they offer a fingerprint or a face scan.
Experts believe that the implemented Verify technology developed by the UK government in a slow-moving mode will not be widely used, as its use is not always possible.
Meanwhile, Canada and Switzerland are planning to introduce an identification blockchain system.
Time will tell if we can completely give up paper identity cards, but reading news feeds, you can catch yourself thinking that the future is just around the corner.
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November 30, 2017, 08:13:18 PM
 #33

New Zealand’s financial regulator warned investors about risks of participation in Sell My Good ICO
As the NZ Herald’s own investigation showed, start-up, which is a crowdfunding campaign of an online marketplace, overestimated visits and economic activity on its website by 10,000 times, while only 400 items are on sale, and some of them were added several months ago.
Also there are two subjective moments, which together lead to doubts. The first is the fact that the initiator of the tokens` release is only 19 years old. It can`t be said that this is a univocal criterion, recall the young genius Vitalik Buterin, but nevertheless. The second is the ambitious amount that start-up plans to receive – no less than 220 million NZ dollars, which is approximately equal to 152 million US dollars.
Perhaps, the fact that already collected several million dollars, the company’s website at the time of this message`s publication was unavailable confirms the fear.
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December 01, 2017, 04:50:32 PM
Last edit: December 01, 2017, 05:29:18 PM by MiningNow
 #34

Rusal Turns to Cryptocurrency Mining to Help Struggling Smelter
By Yuliya Fedorinova (Bloomberg) — United Co. Rusal, the biggest aluminum producer outside China, is partnering with a cryptocurrency miner to help to bring new life to one of its struggling smelters in northern Russia.
Rusal is building a data center at its Nadvoitsy smelter, which it will charge firms to use for IT services such as data analysis and machine learning, according to a statement. Bulgaria-based AA!LAB, founded by Russian businessman Alexey Zenkov, is working to create industrial capacity for cryptocurrency mining and is the first partner in the project. The data center will bring new revenue to the smelter, which is running at half its capacity after Rusal shuttered unprofitable production a few years ago amid weaker aluminum prices and a global glut.
The site is attractive to IT firms as the cold climate means less energy is need to keep machinery cool, while companies also have access to cheap electricity from En+ Group Plc’s nearby hydropower station which supplies the smelter. Rusal’s billionaire owner Oleg Deripaska has been eyeing opportunity in cryptocurrencies for several years and En+, which he also controls, started a data center in Siberia earlier this year. Digital currencies have become a hot topic lately, with bitcoin this week surging above $11,000 for the first time. Read more: Ukrainian shipper Varamar plans to accept bitcoin payments Rusal plans to commission the venture with AA!LAB in the third quarter of next year.
The first phase of the data center will consist of 5,000 computing units, servers and workstations, and the equipment will require 6 megawatts of power. The producer has also allocated about 5 hectares (12 acres) of vacant area at the site for the future needs of the data center, Alexey Arnautov, Rusal’s director for new projects, said in the statement.
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December 02, 2017, 04:11:16 AM
 #35

Do you have a website that I can take a look at it?
Yes, please visit us at www.miningnow.online
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December 03, 2017, 03:38:20 AM
 #36

Good afternoon! Congratulations to all participants of the Mining Now project!
RUSAL became our strategic partner!
A memorandum has already been concluded on the site in Karelia, negotiations are underway on sites in eastern Siberia and Kazakhstan. We received the minimum cost of electricity and the most favored nation treatment!
Reflection of this, you can see in the press:

https://rusal.ru/en/press-center/press-releases/20478/

https://hype.codes/rusal-and-aa-lab-will-build-mining-farm

If you have not managed to invest yet, we remind you that Pre-ICO ends on December 4!
We will be happy to give you answers to any issues you are concerned about!
Questions can also be asked in the telegram channel: @MiningNow_EN
Let’s mine together!
Mining Now Team!
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December 04, 2017, 06:46:56 PM
 #37

Almost a half of the funds raised during the ICO are in Europe
The study of one of the leading venture companies Atomico state this. According to their information, about 46 percent of startups investments, namely 1.76 billion dollars, went to Old World projects.
In Europe Switzerland is the leader of raising money in ICO, it accounts for about 47% of the mentioned funds. And in Zug, where the system of taxation is doux, the biggest amount of the companies is located, due to which the country takes the leading positions.
For comparison, North America accounted for only 28% of the world’s total.
The Atomico study used data from 2014, although 90% of the past ICOs fall on 2017.
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December 05, 2017, 09:43:39 AM
 #38

Bitcoin raised a new class of billionaires

Newspaper The Telegraph announced the first billionaires, who became ones thanks to bitcoin. They are the twin brothers Tyler and Cameron Winklevoss.
It is interesting where they got such a capital. Everyone remembers the lawsuits between the brothers and Mark Zuckerberg, the essence of which was that the Winklevosses accused the latter one of stealing the idea of creating a social network Facebook. The process ended up with a settlement, according to which the defendant paid the plaintiffs $ 65 million.
Brothers invested $ 11 million in bitcoins from that money, buying them in 2013 at a rate of $ 120 per unit.
According to The Telegraph, the fortune of the Winklevosses is estimated at 100,000 bitcoins. They are recognized as ones of the largest holders of cryptocoins along with the founder Satoshi Nakamoto.
Businessmen said that it is a long-term investment for them, and they are not going to sell the asset.
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December 06, 2017, 08:44:21 PM
 #39

How many children has bitcoin got?

Every day the number of cryptocurrencies is growing. Its reason isn`t just numerous ICOs, but also a lot of hardforks that have flooded news feeds.
Today a Chinese cryptocurrency investor Chandler Guo announced his intention to launch Bitcoin God fork on the block 501 225. Tentatively, this should happen in December the 25th this year, the total issue will be 21 million coins. This way the businessman decided to congratulate the community on Christmas.
In the meantime, the other day it was announced about another planned Lightning Bitcoin hardfork on the block 499 999. Last week Bitcoin Diamond fork took place, a bit earlier – Bitcoin Gold. At the moment, Bitcoin Cash occupies the strongest position among the branches of the first cryptocurrency, the price of one unit has exceeded 1,5 thousand dollars. Considering the fact that the complexity of Bitcoin Cash mining is almost ten times lower than its forefather, more and more community representatives switch their capacities to mining it.
In addition, in the nearest future we will see Super Bitcoin, Bitcoin Platinum and Bitcoin Cash Plus. We can assume that with each passing day this list will grow like a snowball.
The time will show if the infinite bitcoins forks are worthwhile. The main thing is not to bring the situation to the point of absurdity.
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December 07, 2017, 10:03:53 AM
 #40

Nokia: from a paper mill to the blockcain industry, the 150 years’ journey

Could the Nokia company`s founder, Knut Fredrik Idestam, who created his first enterprise — a small paper mill in the distant 1865`, assume that in the 21st century his creation would be engaged in completely different and absolutely incomprehensible to him things, namely, the development of a blockchain project for keeping information in the healthcare field?
That became known from a press release posted on the company’s website.
A group of 100 people conducts system testing. Nokia said that blockchain interests primarily with features of safe information storage. So, the program allows to have access to data only to authorized users.
Portable devices track the distance traveled and the sleep time of the group members, the data is saved on blockchain. Obtained information is compared with the goals set by the participants. If they are achieved, loyalty points are awarded.
The Finnish multinational company, which has done so much for its 150-year history, has reached blockchain projects, which indicates the readiness of its management to keep pace with the times.
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