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January 27, 2018, 08:26:15 AM
 #81

The crime of the century?

It’s hard to judge, because the century is still at its beginning, but for sure this event will enter the rating of the largest thefts of the 21st century!
Today, the withdrawal of funds from Japan’s largest cryptocurrency exchange Coincheck was suspended, and NEM deposits were frozen. The market, as expected, reacted.
But then the press conference was held and it stirred the minds of the public. Representatives of Coincheck announced NEM amounting 58 billion yen (equivalent to $ 533 million) disappeared from their account in an unknown direction. President of the NEM Foundation, Lon Wong assured: everything is all right with the NEM technology, and the theft occurred solely through the exchange`s fault, since it hadn`t used the multi-signature function. He also announced that there were no plans to hold a fork for a refund. Wong called on cryptocurency exchanges to actively use the currency, but the function of multi-signature must be a prerequisite.
The coin`s exchange rate fell sharply from $ 1.02 to $ 0.76, but has already begun to stabilize. We will follow the developments, wishing the leadership of Coincheck and the NEM Foundation to cope with the crisis situation as quickly as possible and with the least losses.
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January 28, 2018, 07:36:56 PM
 #82

Venezuelan bitcoin is the most profitable

The agency Elite Fixtures has released a rating of countries where it is most profitable to mine bitcoins.
The first place of the top-list goes to Venezuela, where the prime cost of one coin is 530 US dollars. The second place – Trinidad and Tobago with an indicator of $ 1190, Uzbekistan closes the top three – $ 1790.
The cost price is calculated from the expenses on electricity spent on mining one bitcoin.
The top 20 includes mainly the states of Eastern Europe and Asia. Ukraine has also entered it – $ 1852, Kuwait – $ 1983, Belarus – $ 2177, China – $ 3172. The cost price in Russia exceeds the Venezuelan one almost 9 times – $ 4,675.
The most expensive bitcoin is in South Korea. Despite the super popularity of the cryptocurrency in this country, it is unprofitable to mine there, as the prime cost is $ 26170. Today it is more than twice higher than the current market price.
The states of Western Europe took almost entirely the top 20 list of countries with the most expensive electricity.
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January 30, 2018, 08:40:41 AM
 #83

Trick or treat?

The FBI center of complaints received an appeal, the reason of which was a new kind of Internet fraud. The crux of the matter is a user gets a message which states that an order for the addressee`s assassination has been received, and in order to avoid it, bitcoins equivalent to $ 2800 have to be transferred.
The text of the message, according to agents, is carefully formulated and horrifies an unprepared person. Thus, intimidation by murder is a very easy way of making money, even if only 1% of recipients pay to criminals.
According to the representative of the FBI, Laura Eimiller, every day about 800 Americans apply to them, and only 15% of cases are a real threat.
Such passions are running high in the USA. It remains to hope that states will find a way to overcome such manifestations, as every day the news reports look more and more frightening.
Recall, last year in Turkey there was the first murder for cryptocurrency…
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January 31, 2018, 07:10:56 AM
 #84

Real estate agents in trend: house for bitcoins

Yitanzi, a Tokyo — based real estate company, put up a building for sale, valuing it at 547 bitcoins ($ 6 million).
CTO of the firm Yokosawa Yuske explained the readiness of many crypto investors to sell real estate for cryptocurrency by their desire to increase their trading limits without the verification process, as it is impossible to purchase a massive amount of bitcoins on cryptocurrency exchanges without undergoing this process. On the other hand, he says, there are enough interested people ready to spend digital money they have earned in recent years, and real estate in this case is a good object for investments.
A representative of Yitanzi assured that the building would be sold in the near future, but details of the deal were not disclosed.
Over the past months, we have occasionally encountered news stories about such cases in different parts of the world. Real estate, cars, household appliances, food, entertainment and so on — everything can be bought with a while ago not existing payment units that, by the way, are still ambiguously accepted by the governments of most countries of the world. And despite the endless debate on legality and the future of cryptocurrencies, they have already become a part of the economy, entering it without knocking and without asking permission.
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February 01, 2018, 07:57:07 AM
 #85

Google to help cryptotraders

An interesting interrelation was promulgated by experts. Who would ever have thought.
Cryptocurrency analyst Nick Colas of Datatrek Research says: there is a direct dependence of the bitcoin rate on the trends of the world’s largest search engine. So, last December, when we all were watching the excitement around the first cryptocurrency, the number of web search queries on the bitcoin topic and the creation of wallets was very high. It was due to the high interest and desire to invest. The BTC rate confirmed this interest.
After the release of negative news, the activity of searching of these queries in the first month of the year decreased sharply, and the rate fell to $ 10,000 per coin.
Colas believes that now we need to expect positive news, which will spur the growth in the number of users supporting the upward trend.
The same considerations were expressed by the expert Christopher Burniske from ARK Invest. He believes that the pair BTC / USD correlates directly with the trends of Google’s queries, and called this phenomenon “the enchanted circle of Satoshi.”
Also a popular search phrase “buy bitcoins with a credit card,” arouses interest. It reflects the willingness of the Internet community to raise borrowed funds for investing in bitcoin.
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February 02, 2018, 08:58:22 PM
 #86

Blockchain city

The government of Taipei, Taiwan, has reached an agreement with IOTA on its intention to become a smart city, using the technology of blockchain. The choice of the metropolitan administration fell on IOTA because of their technology Tangle, which is able to provide a number of new solutions for residents.
The first step will be the creation of identity cards “TangleID”, which will store all the necessary information for interaction with government authorities, including data on citizen`s health. This initiative is primarily related to the need to eliminate the risks of personal data`s theft and fraud of votes. “TangleID” is planned to be made in the size of a palm and, among other things, equipped with sensors that show the actual state of the environment, such as humidity, temperature and pollution levels.
It isn`t reported yet on the further steps of the implementation of blockchain into the megacity`s life, but on all grounds the project is very ambitious. We hope that the experiment will be successful, and innovations will go beyond the boundaries of one settlement.
Similar experiments are held not only in Taipei, but each place has its features. Now it is difficult to say exactly where the technological thought will go further, it remains only to watch and wait for the results. Let’s get some popcorn!
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February 05, 2018, 01:49:07 PM
 #87

FedEx services will become more transparent

You have certainly watched Robert Zemeckis’ remarkable film “Cast Away” starring Tom Hanks. There he plays an employee of the postal company FedEx. In the plot the plane the character is on in his line of work, crashes, and Chuck, our character`s name, is on a desert island. Because of the loneliness and melancholy, if you remember, he begins to talk with the ball, seeing him as the only friend and companion in this difficult life situation. He even gives him the name Wilson. And how he cried when the ball was blown into the ocean …
This prologue leads to the fact that if the action of the film took place not in 1995–2000, but now, the character of Hanks could have long conversations with Wilson on the introduction of blockchain technology in the work of the company FedEx.
The modernization was the result of the accession of one of the largest transport companies to the Blockchain in Transport Alliance (BiTA). According to the industry publication FreightWaves, the in the frameworks of the alliance the organization is testing several developments, including integration of blockchain technologies into their daily operations.
According to Dale Christie, Vice President for Strategic Planning and Analysis, the program has already been launched to store data needed to resolve disputes. Its purpose is to identify information for a permanent ledger, which is required for convenient facilitation of disputes between customers and the company.
Christie believes that blockchain is a perspective technology which is able to simplify the data exchange process.
And Kevin Humphreys, FedEx IT Senior Vice President, expressed the same optimistic thoughts, adding that the innovations will make it more convenient to track parcels not only while they are at the company’s disposal, but before and after. That’s really interesting!
The conversation between Chuck and Wilson could have been long and interesting, as blockchain is chasm of possibilities, just like any technological breakthrough! By the way, who have not watched the film — spare time, it is really fascinating — a modern Robinsonade, funny and sad, however, like our whole life.
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February 05, 2018, 01:50:58 PM
 #88

First Swallow

It became known that the cryptocurrency platform Coinbase sent its users in the US 1099-K tax form.
According to company`s representatives, this form applies to those who exceeded the required threshold, namely, made more than 200 transactions or exceeded the total amount of transactions which is $ 20,000 during the year.
This also includes business accounts on the GDAX exchange, in particular accounts whose operations for selling cryptocurrency for cash exceeded the thresholds. At the same time, the platform’s employees explain, the innovation concerns only those who received digital money in exchange for the provision of goods or services, and does not affect miners or persons who transferred personal funds.
Social networks are seething with discontent. The main complaints are that users were not notified beforehand about such measures, and their data was passed to the tax authorities. In addition, ostensibly, the received documents indicate amounts that exceed the actual ones.
The discontent is understandable, but, no matter how sad it may seem, this development was predictable and inevitable. The state does not tolerate the movement of money “out in the left field.” Last week same news came from India. In Russia, the authorities are trying to curb the law regulating cryptocurrencies, which will entail taxation. Now China is not ready to work out an unambiguous policy on this issue. Conflicting news every week comes from South Korea.
The question is difficult, serious and important. We hope that all the same the regulatory legislation will be implemented within the framework of common sense, and will not inflict any serious blow on the industry, which is important not only from an economic, but also from a technological point of view.
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February 06, 2018, 02:30:09 PM
 #89

“Was swimming once along the Yangtze River and thinking: the Chinese have done good job!”

Baidu, the Chinese search engine, presented the general public an analog of the CryptoKitties project, but this time the main characters are not kittens, but puppies. The startup was called “Leci Gou” or “Pet Chain”.
Recall, CryptoKitties appeared last year and became a headache for the developers of the blockchain Ethereum, since with the launch the cryptocurrency network began to experience overloads, which significantly increased the transaction time.
Whose blockchain will be use by “Leci Gou” is not known yet. Already now, the site of the project presents different types of puppies, each has its own cost and rarity. It is assumed that users will buy and develop pets, exchange them, and all such operations will be reflected in the project’s blockchain.
The authors of the project are their own search system`s specialists, who among others take part in the development of projects of the Hyperledger consortium.
Already now, any logged in user can get one crypto-puppy and 1000 points for trading operations using them.
The whole story with CryptoKitties and Leci Gou reminds a fun toy from the 90s, that was called Tamagotchi. It was an electronic gadget, where a digital pet lived. It had to be looked after, fed, and if the care of a pet was improper, it died. It is interesting that now it has taken a completely different form, and digital pets are sold for very serious money.
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February 08, 2018, 01:07:31 PM
 #90

In search of lost ships

Deepwater Systems, an Ecuadorian team of enthusiasts, took the challenge to search sunken ships, using modern technologies for this fascinating process, namely artificial intelligence and blockchain.
Surely, in childhood everyone with some thrill read or watched films about pirates and treasure hunt, imagining being adventurers! And you know what? Someone’s old dreams come true!
The complexity of prospecting is the disparity of historical data, point-wise deep-sea studies and inaccurate calculations.
At the bottom of the World Ocean there are about three million vessels containing good valued trillion dollars (according to UNESCO). The most interesting places with a high probability of finding objects are the Gulf of Mexico, the Caribbean Sea basin and the “Golden Triangle of Treasures.”
The main idea of the project is the following: the system Deep Learning developed by the company allows you to recognize underwater objects with an accuracy of 98%. The data of the autonomous scanning of a seabed is sent to a consort from specially designed unmanned underwater vehicles called gliders made with the introduction of artificial intelligence technology.
All information will be transmitted and stored on blockchain. The end product will be lots with the goods` coordinates, which are planned to be sold from the auction. Thus, in addition to own benefit, it will provide an extra inflow of money into the crypto industry.
As we see, the company plans to engage only in research activities. It`s understandable, as organizing the lifting of something from the bottom of the sea is the matter that requires completely different capital investments and skills. It can be assumed that there are a lot of people who would like to buy this kind of information.
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February 09, 2018, 04:08:51 PM
 #91

180000 ASIC-miners — can you imagine?

In the state of New York, the United States, the authorities are planning to start an ambitious project to re-equip an abandoned smeltery in the village of Massena to a huge mining farm, where they will install no less than 180.000 (one hundred and eighty thousand !!!) miners, and the target cryptocurrency will be bitcoin.
The location of the project`s implementation is due to the availability of cheap electricity supplied from a nearby hydroelectric plant. The output power will reach 15 MW.
The volume of investments is about $ 165 million. In addition to the business component, an important factor for initiators is 150 workplaces made during the implementation of the plan. These are security personnel, IT specialists, service staff, electricians, whose average annual salary will be $ 46.000.
The implementation period is two years. 75 employees will be hired in 2018, 75 — in 2019.
We may be wrong, but perhaps this project will launch the largest cryptocurrency farm in the world. It is pleasant to understand that a relatively new industry is beginning to affect the society providing people with jobs in places where there may not be enough ones. There are a lot of videos on YouTube showing large cryptoplants for currencies mining, but they announce the number of 3.000 miners. OK, 5.000. And here they have 180.000!
We will wait for the news from the state of New York. It is really interesting! And it would be nice to get how they will manage to reject such an incredibly huge amount of heat generated during the technological process. We wish good luck to our American colleagues!
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February 10, 2018, 03:07:09 PM
 #92

Bitcoin is falling, but the MNW token doesn`t really care

Against the background of cryptocurrency community worries our investors keep calm.
And this is quite understandable. The team of the international project Mining Now systematically overcame three collapses of cryptocurrency in a row. The developed plan allows moving forward, accurately fulfilling all the inferred financial obligations for investors and partners.
On February 8, the total cost of purchased equipment for mining amounted to about 3.1 million euros. The total power consumption reached 945 kW. Today the technical capabilities of our project allowed increasing the generation to 1.27 bitcoins a day.
It`s enough to say that over the past period of 2018, the price of MNW token increased from 9.2 to 9.6 euros. At the beginning of this year, the unit yield of the digital asset was 57.33%, as on February 1 it was 51.33%.
It’s easy to see that the business model of the international Mining Now project allows you to hedge against sharp fluctuations in the cryptocurrency cost in the market. The price of our tokens is set based on the average monthly return of 3%. Accordingly, even in the case of financial jumps of bitcoin, MNW tokens continue work to improve the financial well-being of each investor and partner.
Frankly speaking, the general panic in the cuprocurrency market to some extent affects the growth of the price of our tokens. They`re growing a little bit slower, but do not become cheaper. Therefore, the estimated amount of payments for February will be 34 euro cents per a token, which is 3.54% of its value.
And now the main thing.Even though bitcoin is falling down, MNW token does not really care. The declared amount of the February payment is equivalent to its value of 11.33 euros. Conclusion — it`s even more interesting to invest in our project now than in the period of growth of cryptocurrency. Do not miss your chance not to get lost in the crypto-ocean.
Let`s mine together!
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February 11, 2018, 11:51:43 AM
 #93

The dark net changes preferences

Representatives of a far-famed in the inner circle Recorded Future company, dealing with cybersecurity, suggested that in the Darknet in 2018 the cryptocurrency leader will change. It is Bitcoin so far, but Litecoin and DASH are increasingly competing with it.
Researchers say that after studying about 150 forums, marketplaces and illegal services of the dark web, they came to the conclusion: a third of resources support Litecoin, 20% — DASH.
A representative of Dash Core Group took the statement with indignation, assuring that 20% is an absurd figure, which has no evidence.
Nevertheless, we can see the tendency when alcoins start catching up with the first cryptocurrency, and the reasons for this can be explained by a high commission for transactions and workload of the network, a sharp correction of the exchange rate. And the statistics confirms this: in March 2017 the share of bitcoin in the capitalization of the market was fluctuating at the level of 70%, and today it is 35% — a two times fall.
Darknet is an area of the World Wide Web where resources are not indexed by search engines, and personal data is closed to trackers and law enforcement. As one might guess, banned goods trade, like drugs, weapons, hacker services, etc., sometimes flourishes here. You can get into the dark area of the Internet through special anonymizers, ordinary browsers do not give such an opportunity.
By the way, there is some interesting news on the Darknet. In Bangkok, at the request of the FBI, Sergei Medvedev was detained, suspected of organizing an Infraud site, a Darknet resource which was used to sell fake credit cards, illegal financial information, weapons, drugs, etc. 100.000 BTC were found on the account of the figurant, it is a huge amount of money! Earlier, on February 6, the US authorities closed Infraud, 32 members of the group have been already arrested on the case.
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February 12, 2018, 03:25:55 PM
 #94

What you should not do

Really funny stories of the category “What were they expecting for” appear in news feeds from time to time.
Two workers of the nuclear center in the city of Sarov, Nizhny Novgorod region, were caught in the misuse of a supercomputer, which is supposed to be used for performing scientific tasks. They did not come up with anything smart but bringing such an expensive and important device to the World Wide Web (it does not have access) to mine bitcoin. Obviously, the security service of the scientific institution reacted and exposed the plotter criminals, taking them to the FSB of Russia. The investigation is being carried on, miners-losers have written undertaking not to leave the place.
And in Kemerovo, an employee of a management company equipped a cryptofarm in the back room of the apartment house, which he was also exposed in.
An inhabitant of Angarsk rented a room in a tram park, where he installed equipment for mining digital money. Everything was revealed when the landlords received an electricity bill.
The head of Sberbank of Russia, German Gref, has recently admitted that the use of bank equipment for mining cryptocurrency was repeated many times.
And these are only a few cases. Interest in cryptocurrency, as a way to earn money, and perhaps a lot of money, is growing. However, as we can see, it is not always possible to take the right steps. And it is much easier to build relations with industrial mining. Then you have no problems with intelligence agencies.
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February 12, 2018, 04:49:20 PM
 #95

Blockchain Academy will open its doors in China

Ex-employees of two Chinese Internet giants decided to build an academy to train up specialists in the blockchain industry.
Jianxiang Mo, the Ex-Chief Architect from Alibaba, and Haiyang Xu, the Ex-Chief Architect from Baidu, combined efforts to create an educational institution focused to help develop the future generation of talents in the field of FinTech.
According to Mo, only a few hundred people in China are able to write the public key code. Thus, we can see the lack of staff, and the educational services of the Academy will be in great demand, like future graduates. The creators compare their offspring with the elite military academy, which will be graduated by generals in the FinTech field.
There are no details on the Academy`s location and the curriculum yet. It is only known that the volume of investments has already amounted to $ 100 million. Xu and Mo promise to start the school by the end of 2018.
And at the Plekhanov Russian University of Economics, they are recruiting for the course “Legal foundations and practices of working with cryptocurrency and blockchain projects”. And although here we are talking about the regulation of cryptocurrency market, we can assume that the number of universities and training courses, which have the word “blockchain” in the title, will eventually grow.
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February 13, 2018, 11:22:40 AM
 #96

Attention! DNA for sale!

Scientists at Harvard University are sure everyone can earn.
They have made Nebula Genomics startup. Its idea is to organize the storage, transfer and sale of genetic information. According to the idea of the initiators, anyone can monetize their DNA by providing the key to the encrypted DNA information to an interested person. And in return receive tokens, which in the future, if desired, can be converted to fiats.
The project`s leader is the geneticist George Church, known for his work in the field of genome sequencing and interpreting the data in synthetic biology and genetic engineering.
The interested party which needs large amount of DNA data is pharmacological companies which study the correlation of DNA information and diseases. Such research helps in the search for medicines for serious diseases. Now these organizations spend millions of dollars to buy such information from academic institutions or companies for the analysis of genetic data.
Blockchain makes it possible to reduce the cost of genome`s decoding to $ 1.000 which is available to a wide range of people. And for those who do not have this money, it will be possible to put their genome for sale not decoding it to find an investor ready to pay for the procedure.
The ICO start date has not been announced yet. It is expected that pharmaceutical companies will become its active participants. Organizers assure that the circulation of Nebula tokens is provided exclusively within the market of genetic information and, unlike popular cryptocurrencies, they can not be used for purchases.
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February 14, 2018, 02:11:21 PM
 #97

Billion dollars in sacrifice and not only

Story about an actor and lover of computer games becoming the leader of opinions in the cryptocurrency world
The 37-year-old the Bitcoin Foundation chairman Brock Pierce said he would donate $ 1 billion to the decentralized autonomous community Block.one, made through the new EOS blockchain.
According to him, the community is planning to be organized as a charitable organization, where all participants will vote on the allocation of funds.
Brock notes he is not afraid to invest that much, as he earns even more.
It is worth noting that the entrepreneur went through an interesting path of art. As a child, he acted in films (maybe someone will remember the drama “The Mighty Ducks”, 1992), at the age of 17 he co-founded the Internet resource Digital Entertainment Network, which was the predecessor of YouTube, but later went bankrupt.
Pierce starting the blockchain industry is another story. Having a predilection for computer games, in 2000s he managed to build one of the largest platforms for trading virtual game assets, Internet Gaming Entertainment. Attracting thousands of gamers from China to the super popular online games, such as World of Warcraft, the entrepreneur sold the received rewards for real money, thus making a good fortune.
In such an unpretentious way, dealing with arbitration of the same games, he came to the first cryptocurrencies, and subsequently became a successful and well-known character in this field, whose assets as of January 2018 by various estimates are 700–1.000 million dollars.
Now Brock Pierce resides in Puerto Rico, taking advantage of the opportunity provided by the tax legislation of this country, not to pay income tax. At different periods of time he was an investor in such projects as Mastercoin, Blockchain Capital, Coinbase, Ethereum, Tether and Bitfury.
The person, without exaggeration, is remarkable. A good example of how a person who has a sense of purpose, intelligence and love for everything new can achieve incredible success.
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February 15, 2018, 01:43:47 PM
 #98

A really tempting offer?

Hacker activity on the World Wide Web is gaining momentum.
It has recently become known attackers infected more than 4.000 computers in the United States and Great Britain, including those belonging to government agencies, in order to mine cryptocurrencies. Moreover, there was an expression for hidden mining — cryptojacking.
However, there are Internet resources offering to share with them the extra resources of your computer in exchange for any additional benefits or part of the profit.
For example, Salon, an American news portal, offers its visitors in exchange for a spare resource of their computer not to display ads on the site, which distracts from reading articles. There is an assumption that in this way the owners want to mine cryptocurrency. In the official explanation they talk about using extra power for starting with technology of blockchain to analysis of signals from space. Admit it, the formulation is very vague and questionable.
In the pop-up window on the site pops up the inscription: “We use ads so that our site and content remains free for you.”
There are a lot of questions that have no answers. For example, how much time does a person need to spend on a news portal so that he is so annoyed by ads and agrees to certain terms? Or how many ads are there on the site so that they drive you mad? Of course, there are trash — sites where a page is full of banners, but it is unlikely that Salon refers to one of them, as the media writes about it.
However, as it seems to us, there are two simple solutions for users: either to agree or not. Moreover, the second option is preferable. There is an analogy, perhaps far — fetched, with a session of hypnosis. Would you let someone get into your head without having good reasons for this?
Also you can ask your questions by e-mail: info@miningnow.online
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February 16, 2018, 12:27:20 PM
 #99

On a sleigh with bitcoin

The US Olympic luge team has opened its own bitcoin-fund.
The Yankees want to organize support for the team at the level of the World Cup and popularize cryptocurrencies in the world.
Since last December, the US Luge Foundation has been carrying out fundraising work in bitcoins. The initiators hope that the crypto community will assist the sleigh drivers, for which the athletes intend, in turn, to promote cryptocurrencies at the largest world-class competitions.
One of the first payments was made by former Olympian Ty Danko, who is currently engaged in investments on Wall Street. He said that he considers this step to be an excellent investment in the future. After all, the fund is aimed at a long-term perspective of its activities, since cryptocurrencies are a young and rapidly developing industry.
Marketing director of the fund and silver medalist of the Olympic Games Gordy Sheer explained this step by the fact that speed and risk are characteristic for luge. They are usual for cryptocurrencies too.
Depending on the size of the fund, the team plans to apply the bitcoin logo to advertising products, uniform and even sleighs. The athletes joked that if they manage to raise 21 million bitcoins (maximum issue), they will find Satoshi Nakamoto and put him in a sleigh.
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February 17, 2018, 05:38:13 PM
 #100

“By plane, by train, by car”

Ukraine presented a blockchain ticket for public transport
Vladimir Omelyan, the Minister of Infrastructure of Ukraine, said that by the end of the year there will be a single blockchain ticket for all types of transport, including planes and railways.
Everyone can get a ticket with the help of the special application created on the basis of the distributed register technology. According to the Minister, the program will determine a passenger`s location, then offer options for a route to any destination in the world using different kinds of transport.
Before launching the project, it is necessary to develop a single register of bus carriers, Omelyan said. Blockchain, according to the creators` idea, will exclude fraud within the service.
Unfortunately, there is no information about the budget of the innovation and where financing comes from. The idea gives the impression of a convenient and technological product, but whether Ukraine can bring it to the right condition, taking into account the economic and political situation in the country — this is anyone`s guess. We just have to keep our fingers crossed!
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