BitcoinNews: #1 In Blockchain News

[BitcoinMoschiach]

Bitmain Expanding Israeli Blockchain and AI Research

Bitmain is tripling the size of its Israeli development center located in Ra’anana, adding 40 programmers, engineers, and marketing experts to the pre-existing team of 15 people. Bitmain’s Israeli development center was established in 2016, and focuses on operating the ConnectBTC mining pool, developing blockchain technology, and artificial intelligence (AI).

Read full article at https://bitcoinnews.com/bitmain-expanding-israeli-blockchain-and-ai-research/

Video https://www.youtube.com/watch?v=E6ao0M4ZBx8

[1714028849]

1714028849

[1714028849]

1714028849

[1714028849]

1714028849

[BitcoinMoschiach]

Lufthansa Sets World’s First Aviation Blockchain Challenge

German national flier Lufthansa has announced what it is calling “the world’s first Aviation Blockchain Challenge” in order to promote its service through blockchain technology, writes the EconoTimes.
The main focus of the challenge is to examine solutions that may improve or impact overall traveller experiences flying with the airline, such as enhancing existing supply chains and updating maintenance at airlines.

Read full article at https://bitcoinnews.com/lufthansa-sets-worlds-first-aviation-blockchain-challenge/

Video https://www.youtube.com/watch?v=k_o99g48GW0

[BitcoinMoschiach]

IBM Partners With Stronghold for USD Anchor Stablecoin

The International Business Machines Corporation (IBM) has partnered with Stronghold to launch USD Anchor, a “stablecoin” like Tether (USDT), with a couple of key differences. USD Anchor uses the Stellar blockchain, unlike Tether which uses the Bitcoin blockchain via the Omni Layer protocol. Additionally, USD Anchor will be 100% insured by the United States’ Federal Deposit Insurance Corporation (FDIC). Dollar reserves for USD Anchor will be controlled by Nevada-based Prime Trust.

Read full article at https://bitcoinnews.com/ibm-partners-with-stronghold-for-usd-anchor-stablecoin/

Video https://www.youtube.com/watch?v=w6zncTEv-xI

[BitcoinMoschiach]

Cryptojacking Figures Heading Down, Say Cybersecurity Researchers

Cryptojacking incidents are on the decline after possibly hitting their peak, according to a recent report by cybersecurity firm Malwarebytes.
The research shows that a sharp decline has been noted, due in part, says the company, to the current slump in the value of cryptocurrencies making the activity far less attractive.
The report shows that in March 2018, the number of detected illegal crypto-mining software on the public’s desktop computers was around 5 million, although there were possibly more undetected. The new figures have seen these dropping significantly to around 1.5 million in June of this year.

Read full article at https://bitcoinnews.com/cryptojacking-figures-heading-down-say-cybersecurity-researchers/

Video https://www.youtube.com/watch?v=v0c8gX_6LGo

[BitcoinMoschiach]

Thailand’s SEC Issues Cryptocurrency Rules

The Securities and Exchange Commission (SEC) of Thailand announced new cryptocurrency laws on 8 June 2018. This can be viewed as a positive step to legalize cryptocurrencies in the Southeast Asian nation, in contrast to other countries such as nearby China which has banned cryptocurrency trading activity.
These rules issued by the SEC come just a month after Thailand’s government decided that cryptocurrencies are digital assets and they must be regulated, and they decided that the SEC would be in charge of cryptocurrency.

Read full article at https://bitcoinnews.com/thailands-sec-issues-cryptocurrency-rules/

[BitcoinMoschiach]

Wall St “Crypto King” Bullish on New Market Jump Start, Needs Clarity

Bart Smith, the head of digital assets at Susquehanna International Group, once crowned “Wall Streets Crypto King” claims that institutional investors will re-stimulate the cryptocurrency market once more regulatory clarity is provided, according to CCN.
Smith, who launched a crypto desk which buys and sells millions of dollars in bitcoin and other cryptocurrencies, asserts that regulatory clarity will allow institutions to be more active in the crypto space, given their distrust of an uncertain market.

Read full article at https://bitcoinnews.com/wall-st-crypto-king-bullish-on-new-market-jump-start-needs-clarity/

[BitcoinMoschiach]

US Regulators Subpoena Coinbase, Kraken and Bitstamp in Bitcoin Probe

The US Commodity Future Trading Commission (CFTC) has subpoenaed Coinbase, Kraken, Bitstamp, and ItBit in an ongoing Bitcoin manipulation probe started last month, reports Coingape.
It is thought that the investigation has been initiated due to the distorted prices in the futures market.

Read full article at https://bitcoinnews.com/us-regulators-subpoena-coinbase-kraken-and-bitstamp-in-bitcoin-probe/

[BitcoinMoschiach]

Richest Bitcoin Wallets Hold Over 1 Billion USD Each

The top two richest Bitcoin wallets have over 1 billion USD. As of this writing, the Bitfinex cold wallet holds 172,236 bitcoins worth 1.27 billion USD and Binance, about 158,779 bitcoins worth 1.17 billion USD. Binance is the most active cryptocurrency exchange in the world with well over 1 billion USD in volumes per day, while Bitfinex is the largest USD to Bitcoin exchange.
In 3rd place is Bittrex’s cold wallet with 117,203 bitcoins worth 860 million USD, Huobi is in 4th place with 98,042 bitcoins worth 719 million USD, and Bitstamp’s cold wallet is close behind at 97,848 bitcoins worth 718 million USD. As the data show, the top 5 richest Bitcoin wallets are held by the biggest cryptocurrency exchanges in the world.

Read full article at https://bitcoinnews.com/richest-bitcoin-wallets-hold-over-1-billion-usd-each/

[BitcoinMoschiach]

Brazil Accepts Crypto Payments For Cross-Country Transportation

Two Brazilian public transportation companies Viação Garcia and Brasil Sul have become the first of their kind in the country to offer a cryptocurrency payment option. Both bus companies are owned by GSB Group.
Currently, just Bitcoin is accepted, although the buisnesses are looking to expand into offering Bitcoin Cash and Litecoin payment options by July.

Read full article at https://bitcoinnews.com/brazil-accepts-crypto-payments-for-cross-country-transportation/

[BitcoinMoschiach]

Homes Sold in Montenegro for 420 BTC, Part of a Global Real Estate Trend

Three luxury apartments located in Budva Montenegro were purchased this week using Bitcoin to the equivalent of 3.2 million USD, according to Bitcoin.com.
The 420 BTC sales were made according to Notary Office and the firm Astra Montenegro Investment Association (AMIA), which has been promoting cryptocurrency use locally.

Read full article at https://bitcoinnews.com/homes-sold-in-montenegro-for-420-btc-part-of-a-global-real-estate-trend/

[BitcoinMoschiach]

A Step Back in History May Answer the Question, Is Fiat’s End in Sight?

Naeem Aslam, Contributor to Forbes has looked to history in an attempt to answer the question, will cryptocurrency ever replace fiat as the standard currency, reports Forbes.
At the recent Money 20/20 Conference held this month in Amsterdam, the panel discussions between major banks’ representatives were all of the opinions that wouldn’t be the case. During a panel discussion, representatives from Swiss National Bank, the Bank of Lithuania, the Bank of England, and the Bank of Canada took turns in expressing their views on the topic.

Read full article at https://bitcoinnews.com/a-step-back-in-history-may-answer-the-question-is-fiats-end-in-sight/

[BitcoinMoschiach]

Latest Data Shows Bitcoin Hodlers v Short Term Traders Now Near Parity

Recent data from Chainalysis — a blockchain research company, as published in Financial Times shows that the amount of Bitcoin owned by long-term investors is now almost equaled by speculators, reports Cointelegraph.
Day trading has increased since the end of last year and the amount held by this group is thought to have risen to 5.1 million BTC according to the report compared to 6 million BTC held by investors hanging on in for the long-term, that is over a period of one year.

Read full article at https://bitcoinnews.com/latest-data-shows-bitcoin-hodlers-v-short-term-traders-now-near-parity/

[BitcoinMoschiach]

Billionaire Investor Mike Novogratz Says Cryptocurrency Market Cap Will Hit 20 Trillion USD

Billionaire investor Mike Novogratz commented at the Bloomberg Invest Summit that cryptocurrency’s market cap is heading towards 20 trillion USD. This would be a tremendous increase from the current cryptocurrency market cap near 340 billion USD today.
If the cryptocurrency market cap hits 20 trillion USD like Mike Novogratz expects, it would be approximately a 6000% price increase. Each Bitcoin would possibly be worth 500,000 USD in such a scenario. Although this price increase sounds huge and unrealistic, it is not unprecedented for the cryptocurrency world. Since the first Bitcoin purchase occurred in 2010, a couple large pizzas for 10,000 Bitcoins, the price of Bitcoin is up over 200 million percent. When viewed in that perspective the 6,000% increase that Mike Novogratz is called for doesn’t seem so crazy.

Read full article at https://bitcoinnews.com/billionaire-investor-mike-novogratz-says-cryptocurrency-market-cap-will-hit-20-trillion-usd/

[BitcoinMoschiach]

South Korea to Establish First Blockchain-based “Proposal Evaluation System”

In a 19 July press release from the Yeongdeungpo-gu administrative district in South Korea, a new standard of administrative procedure is to be implemented via a blockchain-based “Proposal Evaluation system”.
The press release reports that this is the first time a technology of the fourth industrial revolution (4IR)has been established in the nation.

Read full article at https://bitcoinnews.com/south-korea-to-establish-first-blockchain-based-proposal-evaluation-system/

Video https://www.youtube.com/watch?v=1Tk-B6GxHoA

[BitcoinMoschiach]

Indian Ponzi Mastermind Offers to Pay Back Investments, but Not at Current Value

Amit Bhardwaj, the Indian Gain Bitcoin entrepreneur accused of being behind what has become one of the biggest Bitcoin scams in history, has reportedly offered to return initial investments in the scheme to investors.
He is also the founder of Amaze Mining and Research Limited and one of the pioneers of Bitcoin in the Indian nation. Bhardwaj has been accused of running a multi-level marketing in relation to the MCAP token taken out by Gain Bitcoin.
Despite his offer, it has been reported that victims of the scheme want the returned funds returned at the current value of their cryptocurrencies rather than the value of the initial investments. One of the victims who has since filed a police complaint against Bhardwaj argued:

Read full article at https://bitcoinnews.com/indian-ponzi-mastermind-offers-to-pay-back-investments-but-not-at-current-value/

Video https://www.youtube.com/watch?v=sXfrGQA7baA

[BitcoinMoschiach]

How Much Do Dollar and Euro Inflation Impact Bitcoin’s Price?

Bitcoin’s price is primarily measured relative to fiat currencies like the USD, EUR, JPY, KRW, and formerly the CNY before China banned yuan to Bitcoin trading in September 2017. In the English speaking world, the US dollar (USD) and the Euro (EUR) are the primary fiat currencies. Both are subject to constant inflation due to increasing money supply from money printing by their respective central banks. This article explores just how much of an influence their inflation has, if any, on Bitcoin’s price.

Read full article at https://bitcoinnews.com/how-much-do-dollar-and-euro-inflation-impact-bitcoins-price/

Video https://www.youtube.com/watch?v=3XQ7xMw_TwQ

[BitcoinMoschiach]

Grayscale Investments Holding $248M in Crypto, Gaining $10M Weekly

Grayscale Investments has released the Grayscale Digital Asset Investment Report for the first half of 2018, detailing how it has had the strongest investment inflows in the history of its business despite the cryptocurrency market downturn that saw Bitcoin decline from USD 20,000 to USD 6,000. Now, Grayscale Investments has an overall portfolio of USD 248.39 million, with new investments of USD 9.55 million per week on average, with a few weeks in the USD 20-30 million range.

Read full article at https://bitcoinnews.com/grayscale-investments-holding-248m-in-crypto-gaining-10m-weekly/

Video https://www.youtube.com/watch?v=EU6y4Z1X0f0

[BitcoinMoschiach]

MasterCard Patenting Blockchain Tech Which Would Digitize Credit Cards

MasterCard has filed a patent application with the United States Patent and Trademark Office which would digitize credit cards and store them on a blockchain. The patent application is titled ‘Method And System For Payment Card Verification Via Blockchain’. This would be a fully functional system that could replace physical credit cards. The patent was originally filed in December 2016, but became visible to the public yesterday, 7 June 2018.

Read full article at https://bitcoinnews.com/mastercard-patenting-blockchain-tech-which-would-digitize-credit-cards/

[BitcoinMoschiach]

Bitmain Considering Launching Public Stocks

Founder of Bitmain Technologies, Jihan Wu, said that he is considering launching a publicly-traded Bitmain stock on the Hong Kong or a United States stock exchange via an initial public offering (IPO). Bitmain is a global Bitcoin mining powerhouse, controlling as much as 80% of the market for cryptocurrency mining equipment.

Read full article at https://bitcoinnews.com/bitmain-considering-launching-public-stocks/

[BitcoinMoschiach]

Bithumb’s Clean Bill of Health Could Lift Crypto in South Korea

Bithumb, the largest cryptocurrency exchange in South Korea, has been cleared by local financial authorities and the National Tax Service (NTS) of illicit activities, tax evasion, and suspicious business operations, reports CCN.
The South Korean government had been monitoring the exchange, along with UPbit, another of the country’s main exchanges, after investors had expressed concerns. Both companies were then investigated for potential malpractice and suspicious business activities.
It was found that apart from Bithumb being ordered to pay USD 28 million in taxes, neither the NTS, Financial Services Commission (FSC), or Korea Financial Intelligence Unit (KFIU), along with other government agencies could find any evidence of improper practices regarding either company.

Read full article at https://bitcoinnews.com/bithumbs-clean-bill-of-health-could-lift-crypto-in-south-korea/